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Message REAL BUYERS GU IDE ® - -w425-407-2800Deah@DHRealtor.com
®
Deah HendrikszDeah@DHRealtor.com14245 W Grand Ave, Surprise, AZ 85374Home Realty425-407-2800
-HOME INSPECTION WWW.DHREALTOR.COM
TO BUY YOUR NEW HOME WWW. D HREALT OR.COM
NINE STEP PROCESS GET PREAPPROVED •Meet with a lender• Prepare your credit• Set a budgetORDER INSPECTION • Discover issues• Negotiate repairs• Your lender willorder an appraisalto determine value) MEET WITH YOUR AGENT • Discuss budget• Research Areas•Set wants and needsOPEN ESCROW • Title will send you arequest forinformationoving ny packing ) FIND YOUR HOME • Tour homes• Adjust criteria ifnecessary1 • Negotiate if neededCLOSE ON YOUR HOME
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My Role What you can expect from me as your buying consultant! 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.1.2.Treat all parties fairly and honestly.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 onlythe 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.
®Expert guide, advocate for you during the enter home Buying process.Take time to uncover your goals, objectives and concerns.Research homes in the area and prepare a competitive mark analysis.Getting into the homes you want to viewObjective information and opinions.Provide comps and suggestions on contract price.Negotiation knowledge, help throughout the process with negotiating the best for you as a buyer.Assist with various financial aspects of the home purchase.When repairs or changes in price need to be made, I will be your guide and handle requesting repairs or changes in price to sellers.Staying on top of the paperwork. I have the experience and knowledge to navigate real estate contracts. Ensuring that nothing is overlooked and that you truly understand what a document means before signing.On your side, representing your best interest.Assist with gathering essential property documents.Manage all dates and deadlines related to the contract.Monitor buyer's loan status leading up to closing.Work directly with the title company to ensure the accuracy of all REALTORe Deah Hendriksz ® N ·C C
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REAL ESTATE AGENCY DISCLOSURE AND ELECTION + This document is not an employment agrment February 2024 >>
Real Este Agency Dclosure and Election >>ELECTION
has must as eects + December 2002 D D 8. 38.
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Ten benefits of a Buyer Broker Agreement ® ® 0
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BUYER-BROKER EXCLUSIVE EMPLOYMENT AGREEMENT i � A @ REALTORS" >>
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A A A A A A
Deah Hendriksz ® g w N -�C C
How's Your Financial Health
PREPARE YO UR FIN AN C E S I REALTOR
GET PRE-APPROVED REALTOR®
I I I I I I I e 9 REALTOR Deah Hendriz
HOWTO Prepare to Finance a Home Questions to Ask When Choosing a Lender
Sources of Down Payment Money Deah Hendriksz h
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I DOCUMENTS�CHECKLIST n ■■ ■
WORKSHEETTrack Income Total Take-Home Pay Expenses Total Rent/Mortgage Total Income: Child Support/AlimonyPension/Social SecurityDisability/Other Insurance Interest/Dividends Other Child Support/AlimonyHealth InsuranceLife Insurance Other Insurance VehicleInsurance VehiclePayments VehicleUpkeep Other Loans Utilities Credit Card Payments Savings/Pension Payment GroceriesClothes/Personal Care Medical/Dental/Prescriptions Household Goods ChildcareEducationCharitable DonationsEating Out Entertainment Total Expenses: Thein Remaining Income After Expenses (subtract total income from total expenses): in getting yourself in shape to buy a home is to know exactly how much money comes _______________________
WHAT TO KNOW ®
WorksheetTYPELOCATIONAME N ITIE SSIZE& MAKEUPPREFERENCES RATENear shopping Great of of bathroomsEat-in kitchenFamily room Formal Formal roomroomGarage (number of cars)spaceroomHeating cooling system typesFireplacePoolOtherspecial -family townhome maximumproperty ageWillingnesstoArchitectural styleOpen plan
I HOUSE HECKLIST f�
I NTS NEEDS
�HOME SHOPPING 5 Signs a Home is the Right Fit ®
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�AN OFFER •Put Your Best Foot Forward•Put Down a Healthy Earnest Deposit-Cash TalksREALTOR"
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YOUR ADDRESS CLOSING DATE:
LIFE OF AN ESCROWItems needed to open escrow: Fully executed Purchase ContractEarnest money depositNew lender informationExisting loan payoff informationHOA InformationBuyer & Seller meet with Escrow Officer and execute all documents.Property and parties are researched by the Title ExaminerPreliminary Title Report is sent to Escrow Officer, Agents, Sellers & BuyerAfter 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 AgencyAfter 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.Preliminary 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 anyPreliminary Title ReportEscrow follows-up on receipt of the following if needed, per purchase contract:revealed by the-Termite Report-Buyer’s Hazard Insurance-Pay-off Information-Home Protection Plan (Warranties)-New Loan Package-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.Escrow deposits earnest money funds.Escrow orders preliminary title report from title department.Escrow requests payoff or assumption information, homeowner’s association information, etc.
COMMITMENT: ENT NOTE:
COMMUNITY PROPERTYRequires a valid marriage between two personsUpon death the estate of the decedent must be clearedthrough probate, affidavit or adjudicationEach spouse can devise (will) one-half of the community propertyEach spouse holds an undivid-ed one-half interest in the es-tateOne spouse cannot partition the property by selling his or her interestRequires signatures of both spouses to convey or encumberBoth halves of the communityproperty are entitled to a steppeduptax basis as of the date of deathEstate passes to surviving jointtenants outside of probateNo court action required to cleartitle upon the death of jointtenant(s)Requires signatures of all jointtenants to convey or encumber thewholeDeceased tenants share is entitled to a stepped up tax basis as of the date of deathOne joint tenant canpartition the property by selling hisor her joint interestEach joint tenant holds an equal andundivided interest in the estate(unity of interest)Parties need not bemarried; may be more than two jointtenantsNo court action required to clear title upon the first deathBoth halves of the communityproperty are entitled to a steppeduptaxRequires a valid marriage between two personsEach spouse holds an undivid-ed one-half interest in the es-tateOne spouse cannotpartition the property by selling his or her interestRequires signatures of both to convey or encumberEstate passes to the surviving spouse outside of probateEach share has its own tax basisUpon death the estate of thedecedent must be clearedthrough probate, affidavit or adjudicationUpon death the tenants pro-portionate share passes to his or hers by will or intestacyParties need not be married; maybe more than two tenants in commonEach tenants share can beconveyed, mortgaged or de-vised to a third partyEach tenant in common holds anundivided fractional interest in theestate. Can be dispropor-tionate,e.g., 20% and 80%; Requires signatures of all ten-ants to convey or encumber the whole
GENERAL POLICYCOVERAGE:REVIEWING THECOMMITMENT 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.
From the Valley heat to property title losses, we are all about protection.
ALL ABOUT 1/3
PROPERTY TAX NOTIFICATIONOF VALUE: UPDATING THEASSESSOR’SRECORDS: 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 PAYSWHAT –Seller WHO PAYS WHAT –BUYEROn this page you will, find the traditional distribution ofexpenses associated with a purchase of real estate.However, many of these items can be negotiated byboth parties at the time of the offer, excluding someexpenses required by the lender to be paid by the 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, prepayment 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 transfer oftitle)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 Policyfees and anyBUYER 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 paymentdateAssumption/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 keep for taxes the insurance or taxes for you.Titleinsurancepolicy premiumsNotary feesHome WarrantyProration** for yourshare of costs (suchas utility bills property taxes) by the sellers before they Down paymentLoan originationPoints to a lower interest rateHome inspectionAppraisal report insurance premiumEscrowfor insurance(if as part of the mortgage*) Property taxescrow (if as part of the mortgage*) responsible for the of fees monthly or a Proration is a way to insurance in escrow accounts as they are out bills sellers expenses at the closing table. to pay a bill for with the mortgage, then payBUYER COST SELLER COST OTHER
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AN INSPECTION FINAL OFFER
REALTOR®
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>>7 BUYER'S WAIVER OF INSPECTIONS PAGE 2 >>
>>SELLER'S RESPONSE D 7 7 BUYER'S ELECTION PAGE 3 3
WHAT TO KNOW WHAT TO KNOW About Homeowners Insurance
I FINAL� CHECKLIST ■
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Getting ® ® � N ·CI 0
OLD HOME:NEW HOME:
Check with the Pack an “Open First” box. . Check insurance coverage. Update your mailing address Obtain copies of important records Change your address with important service providers, Create a list of people who will need your new address. If you’re moving a long distance:
for the movers. Develop a master to-do list so you won’bubble-wrap or other packing materials from moving stores. Secure plants in boxes with airholes. You never know how they’ll be stacked. Also, use color-coded -Include 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 yourbox. 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.
country. front of you. You may want to ask for an extra 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 youcan be reached during the move. Ask your current vet to send your pet’s medical history directly to 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 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 beforethe 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
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THE CLOSING Closing tips:
CLOSINGDAY of of of ofof of KEYS YOUR NEW HOME!
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