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Deah HendrikszHome RealtyDeah@DHRealtor.com425-407-280014245 W Grand Ave, Surprise, AZ 85374

My Role What you can expect from me as your buying consultant! 1. Treat all parties fairly and honestly.2. Always ensure we keep a win-win relationship.3. Respect your time, needs, and finances.4. Be on time for all meetings.5. Communicate with you openly and frequently.6. Represent your best interest in any and all negotiations.7. Develop and implement a complete negotiation strategy.8. Consult you throughout the buying process to reach an informed, intelligent decision based uponyour needs.9. Provide comprehensive showing packages and recommend the best pricing strategy.10. Schedule all home showings.11. Show you only the homes that meet your criteria.12. Assist you with the scheduling of inspections, closing and document review.13. Respond to and resolve all issues quickly and timely.14. Provide you with post-closing information and consulting services, and assist you with all futurereal estate needs.Your Role What I expect from you! 1. Be on time for all meetings.2. Keep all appointments or call to cancel in a timely manner.3. Meet with a loan consultant in a timely manner after initial meeting.4. Do not make large purchases or incur debt without first consulting with loan consultant.5. Respond to calls from mortgage, title, inspection and other ancillary companies involved in theprocess.6. Make an informed, intelligent offer immediately after finding your perfect home.7. Respect the seller’s property.8. Inform me immediately if things change.9. Notify me if leaving the area for longer than one week.10. Have fun and enjoy the process.

HOW TO Finance a Home, Creat Investigate local, state, and national down payment assistance programs. National programs the Nehemiah program, the American Dream Down Payment Explore seller In some cases, sellers may be willing all or part of the purchase price of the home repay them a mortgage. A similar option is the assumable mortgage, where a home buyer takes interest rates are on the rise. Ask your family for help. Perhaps a family member will loan you money for the payment or act as a cosigner for the mortgage. Consider a shared-appreciation or shared-equity arrangement. this agreement, your family, or party may buy a portion of the home in any appreciation when the home owner-occupant usually pays the Lease with the option to buy. Renting the home for a year or more will you the chance to more payment. Consider a short-term second mortgage. If a short- mortgage, this you money to make a larger payment. This may be possible if in with a strong income little arrangements may mortgage insurance you must pay.

WORKSHEETTrack Income Expenses Total Take-Home Pay Total Rent/Mortgage Child Support/Alimony Child Support/AlimonyPension/Social Security Health InsuranceDisability/Other Insurance Life Insurance Interest/Dividends Other Insurance Other Vehicle Insurance Vehicle Payments Vehicle Upkeep Other Loans Utilities Credit Card Payments Savings/Pension Payment GroceriesClothes/Personal Care Medical/Dental/Prescriptions Household Goods ChildcareEducationCharitable DonationsEating Out Entertainment Total Income: Total Expenses: The in getting yourself in shape to buy a home is to know exactly how much money comes in Remaining Income After Expenses (subtract total income from total expenses): _______________________

Worksheet LOCATIONPREFERENCESRATE Near shopping Great TYPE-family townhome maximumproperty ageWillingnessto ArchitecturalstyleOpen plan SIZE& MAKEUP of of bathroomsEat-in kitchen Family room FormalroomFormalroomGarage(numberofcars)spaceroomAMENITIES Heating cooling system typesFireplacePoolOtherspecial

LIFE OF AN ESCROWItems needed to open escrow: Fully executed Purchase ContractEarnest money depositNew lender informationExisting loan payoff informationHOA InformationEscrow deposits earnest money funds.Escrow orders preliminary title report from title department.Escrow requests payoff or assumption information, homeowner’s association information, etc.Property and parties are researched by the Title ExaminerPreliminary Title Report is sent to Escrow Officer, Agents, Sellers & BuyerPreliminary title report received by Escrow Officer and is reviewed for any i.e. taxliens, judgments, unknown liens of record, discrepancies in legal description, delinquent taxes,access problems, etc.Escrow informs Agents if additional information is needed to clear any revealed by thePreliminary Title ReportEscrow follows-up on receipt of the following if needed, per purchase contract:-Termite Report -Home Protection Plan (Warranties)-Buyer’s Hazard Insurance -New Loan Package-Pay-off Information -Repair BillsLoan documents are received and the Escrow Officer ‘works’ the file to reflect closing andadvises Agents of funds that are needed for closing.Closing appointment times are set for Buyer and Seller with Escrow Officer.Inform Buyer to bring in a cashier’s check or wired funds for closing.Buyer & Seller meet with Escrow Officer and execute all documents.After all parties have executed the necessary documents, Escrow returns the loan packageto the new Lender for review and funding.Lender funds the loan and Lender’s check, or wired funds are sent to Escrow for processing.After Escrow receives all funds needed and has ascertained that conditions are met, originaldocuments are recorded.Once documents are recorded, Escrow notifies Agents.Agents will make arrangements for you to receive your keys.All Disbursements are made in accordance with the settlement statement.Purchaser receives Owner’s Title Insurance Policy from the Title Agency New Lender receives ALTA Loan Policy from the Title Agency

COMMUNITY PROPERTYJOINT TENANCY WITHRIGHT OFURVIVOR-SHIPCOMMUNITYPROPERTY WITHRIGHT OFSURVIVORSHIPTENANCY INCOMMONRequires a valid marriage between two personsParties need not be married; may be more than two joint tenantsRequires a valid marriage between two personsParties need not be married; may be more than two tenants in commonEach spouse holds an undivid-ed one-half interest in the es-tateEach joint tenant holds an equal and undivided interest in the estate (unity of interest)One spouse cannot partition the property by selling his or her interestEach tenant in common holds an undivided fractional interest in the estate. Can be dispropor-tionate, e.g., 20% and 80%; Each spouse holds an undivid-ed one-half interest in the es-tateBoth halves of the community property are entitled to a stepped up tax basis as of the date of deathUpon death the estate of the decedent must be clearedthrough probate, affidavit or adjudicationEach spouse can devise (will) one-half of the community propertyRequires signatures of both spouses to convey or encumberOne joint tenant can partition the property by selling his or her joint interestDeceased tenant s share is entitled to a stepped up tax basis as of the date of deathNo court action required to cleartitle upon the death of joint tenant(s)Estate passes to surviving joint tenants outside of probateRequires signatures of all joint tenants to convey or encumber the wholeOne spouse cannot partition the property by selling his or her interestBoth halves of the community property are entitled to a stepped up taxNo court action required to clear title upon the first deathEstate passes to the surviving spouse outside of probateRequires signatures of both to convey or encumberEach tenant s share can be conveyed, mortgaged or de-vised to a third partyEach share has its own tax basisUpon death the estate of the decedent must be clearedthrough probate, affidavit or adjudicationUpon death the tenant s pro-portionate share passes to his or hers by will or intestacyRequires signatures of all ten-ants to convey or encumber the whole

GENERAL POLICYCOVERAGE:R E V I E W I N G T H ECOMMITMENT FOR TITLEITEMS AND ISSUES NOT COVERED:Some rights are not protected by yourtitle insurance policy.Examples may include:Land trustsLife estatesAir rights above the propertyMineral, water rights, and timberreservationsMatters that a physical inspectionwould discloseRestrictive covenants that limit the use ofthe property to a single-useMatters that an accurate survey wouldshow: Easements, Rights-of- Way, etc.Set-Back requirements that designatewhere improvements must be locatedRights of holders of liens, such asjudgments, tax liens, street improvementliens, etc.

PROPERTY TAX UPDATING THEASSESSOR’SRECORDS: NOTIFICATIONOF VALUE: ANNUAL TAXSTATEMENT: TIPS TO AVOIDHEADACHES: 2nd half for July 1st throughDecember 31st is due March1st and DELINQUENT** MAY1st 1st half for January 1st throughJune 30th is due October 1stand DELINQUENT**NOVEMBER 1st

WHO PAYS WHAT – Seller Escrow FeesCounty documentary transfer taxApplicable city transfer/conveyance taxDocument preparation fee for deedAny loan fees required by buyer’s lenderPayoff of all loans in seller’s name (or existing loanbalance if being assumed by buyer)Interest accrued to lender being paid offStatement fees, fees and anyprepayment penaltiesTermite inspection (according to contract)Home warranty (according to contact)Any judgements, tax liens, etc., against the sellerTax proration (fo any taxes unpaid at time of transferof title)Any unpaid homeowner’s duesRecording charges to clear all documents of recordagainst sellerAny bonds or assessments (according to contract)Any and all delinquent taxesNotary fee’s – escrow feeTitle insurance premium: Owners PolicyWHO PAYS WHAT – BUYEROn this page you will, find the traditional distribution of expenses associated with a purchase of real estate. However, many of these items can be negotiated by both parties at the time of the offer, excluding some expenses required by the lender to be paid by the seller. BUYER Typically Pays For: Escrow feesDocument preparation (if applicable)Notary feesRecording charges for all documents inbuyers nameTermite inspection (according to contract)Tax proration (from date of acquisition)Homeowner’s transfer feeAll new loan charges (except thoserequired by lender for seller to pay)Interest on new loan from date of fundingto 30 days prior to first payment dateAssumption/Change of Records fees fortake-over of existing loanBeneficiary Statement fee for assumptionof existing loanInspection fees (roofing, propertyinspection, geological, etc.)Home Warranty (According to contact)Lender’s policy

WORKSHEET Track Closing Costs know responsible for the of fees expenses at the closing table. BUYER COSTSELLER COSTOTHERDownpaymentLoanoriginationPointstoalowerinterestrateHome inspectionAppraisal report insurance premiumEscrowfor insurance(if as part of the mortgage*) Property taxescrow (if as part of the mortgage*) Titleinsurancepolicy premiumsNotaryfeesHome WarrantyProration** for yourshare of costs (such as utility bills property taxes) keep for taxes insurance in escrow accounts as they are with the mortgage, then paythe insurance or taxes for you. monthly or a to pay a bill for by the sellers before they Proration is a way to out bills sellers

OLD HOME:NEW HOME:

Update your mailing address Change your address with important service providers, Create a list of people who will need your new address. . Check insurance coverage. Check with the Pack an “Open First” box. If you’re moving a long distance: Obtain copies of important records

Develop a master to-do list so you won’ Ask yourself how frequently you use an item and how you’d feel if you no longer had it. Sort unwanted items into “garage sale,” “donate,” and “recycle” piles. Precious items such as family photos, valuable breakables, or must-haves during the move should probably stay with you. Pack a moving day -aid kit, snacks, and other items you may need before unpacking your box. Many movers won’t take plants or liquids. Check with them about other items so you can plan to pack them yourself. Try to keep the weight of each box under 50 pounds. It increases the likelihood that items inside the box will break. bubble-wrap or other packing materials from moving stores. Secure plants in boxes with air holes. You never know how they’ll be stacked. Also, use color-coded -for the movers. Include

Make sure your pet’s collar is sturdy and correctly sized. The tag should also include your mobile number and e-mail address so that you can be reached during the move. Ask your current vet to send your pet’s medical history directly to You may want to ask for an extra Keep your pet in a safe, quiet room on moving day with a clear sign posted on the door. There are many light, collapsible travel crates available, but ensure it is well -chewers. Also, introduce your pet to the crate before the trip. Include your vet's phone number, gauze to wrap wounds or to muzzle ide. Use a crate or carrier in the car, securing it with a seat belt. Never leave your pet in the bed of a truck, the storage area of a moving van, or alone in a parked vehicle. If -on hand. When traveling by air, check with the airline about pet requirements or front of you. Set up one room with everything your pet will need: food, water, pet is unsupervised and beware of small spaces where nervous pets may hide. If your old home is nearby, give the new homeowners or neighbors your phone number and a photo of your pet, in case your pet tries to return. If you’re moving to a new country.

THE CLOSING “Close of escrow” is a term that most people know, but the closing process often remains a mystery even to seasoned Buyers and Sellers. Unlike many other states, Arizona does not use a formal “sit down” closing with Buyers and Sellers, their agents, bankers, and seated around a table. Often the Sellers have already signed the needed documents before the Buyer’s loan is completed, and it is not uncommon for the Buyers and Sellers to never meet. The closing process usually begins 2 to 4 days prior to the scheduled close of escrow with the lender delivering the Buyer’s loan package and closing instructions to the title company. The escrow then prepares a statement containing a full accounting of all the costs in the transaction, the Buyers of any additional funds needed to close and sets an appointment for the Buyers to sign the loan documents. When the lender’s documents have been signed, they are returned via messenger, express mail or fax to the lender’s loan closer who will review and approve the package for funding. After the package receives approval, the closer the escrow that loan proceeds are available. Once all required funds are deposited and available for withdrawal in the escrow bank account, the deed is released for recording. When the deed records, escrow has “closed”. Because this is an informal process, it requires coordination of among all the parties to ensure a timely, successful closing. Employing an experienced real estate professional to captain the “closing team” is the best way to make sure your escrow closes on time. Many variables can come into play which could delay the closing or create last minute “surprises”. Your agent can prepare you for possible problems and have options available to smooth the way. Closing tips: Be Available. Time is often short at the closing. Make sure you are prepared to take time from work or other commitments. Be ready to act on short notice. Be Even the best laid plans can’t ensure there will be no glitches at closing time. It may be necessary to juggle or rearrange at the last minute. . Provide the name and number of your lender and insurance that state law requires available funds for the closing. The funds you use to close are the same funds the title company will use for payments at close of escrow, so your funds must be “immediately negotiable”. Personal, money market, or investment broker’s checks will not be accepted since they all are subject to collection and cannot be immediately converted to cash at the title company’s bank. Even cashier’s checks require a hold of one day after bank deposit, so be sure to deposit all closing funds at least 2 days prior to your anticipated closing date. Only funds wired directly into the escrow bank account are available immediately upon deposit. with loan to determine any last-minute requirements of the loan funding. Bank statements, credit explanation check copies or payment of debts are some requirements made by the lender which could delay the closing or add needless stress. You should also ensure that your lender is prepared to have their loan proceeds in the escrow bank account available for withdrawal prior to the scheduled closing. Failure to have available loan proceeds will delay your closing. Ask agent to be present at the closing. Your escrow has no knowledge of conversations between the parties, how the contract was negotiated, what representations were made by the lender, or other of the sale beyond the terms printed in the purchase contract. The contract and the lender’s closing instructions are the escrow “bible” at closing and Buyers often have questions or concerns that can only be addressed by someone who has been more closely involved ... your agent. If wish to review the closing ask agent, loan or the escrow to provide copies of pertinent in advance. Trying to read and absorb the dozens of documents in your loan package at the signing s any concern easily.