Return to flip book view

HOME BUYER GUIDE Fall Issue2 Offices to serve you better814-375-1167 or 814-375-4400998 Beaver Drive ~ DuBois, PA 15801 1102 Coral Reef Road ~ DuBois, PA 15801

MEET OUR TEAMJoe VaracalloBrad PenoyerTHE #1CHOICEFOR ALL YOURREAL ESTATE NEEDSMelanie Bennett Michele WrayJason SeniorCarol FoltzHarlan BeagleyJoanne Quashnock Kristine FoltzDana CrispKim SleighHeather BeattyJeff WrayTre Haines

Benefits of Working With a Act as an expert guide. Buying a home typically requires a variety of forms, reports, disclosures,and other legal and financial documents. I know what's required in yourmarket, helping you avoid delays and costly mistakes. Also, there’s a lotof jargon involved in a real estate transaction; you want to work with aprofessional who can speak the language.As a REALTOR®, I am a member of the NationalAssociation of REALTORS® and subscribe to its strictCode of Ethics. When you're buying a home, here'swhat an agent who's a REALTOR® can do for you.REALTOR®Offer objective information and opinions. I will guide you through the home search with an unbiased eye, helpingyou meet your buying objectives while staying within your budget. I amalso a great source when you have questions about local amenities,utilities, zoning rules, contractors, and more.Give you expanded search power. You want access to the full range of opportunities. Using a cooperativesystem called the multiple listing service, I can help you evaluate allactive listings that meet your criteria, alert you to listings soon to comeon the market, and provide data on recent sales. I can also save youtime by helping you winnow away properties that are still appearing onpublic sites but are no longer on the market.H O M E B U Y E R S T R A T E G Y G U I D E

Ensure an up-to-date experience. Most people buy only a few homes in a lifetime, usually with quite a fewyears between purchases. Even if you’ve bought a home before, lawsand regulations change. Real estate practitioners may handlehundreds or thousands of transactions over the course of their career.Be your rock during emotional moments. A home is so much more than four walls and a roof. And for mostbuyers, a home is the biggest purchase they’ll ever make. Having aconcerned, but objective, third party helps you stay focused on theissues most important to you when emotions threaten to sink anotherwise sound transaction.Provide fair and ethical treatment. When you're interviewing agents, ask if they're a REALTOR®, a memberof the National Association of REALTORS®. Every member must adhereto the REALTOR® Code of Ethics, which is based on professionalism,serving the interests of clients, and protecting the public.Stand in your corner during negotiations. There are many factors up for discussion in any real estate transaction—from price to repairs to possession date. Your agent will look at thetransaction from your perspective, helping you negotiate a purchaseagreement that meets your needs and allows you to do due diligencebefore you’re bound to the purchase.Benefits of Working With a REALTOR®H O M E B U Y E R S T R A T E G Y G U I D E

Treasure Lake Homes1592 Fort De France Rd $224,5003 BR/ 2 BA with a 2 car garage.MLS# 12-13218347 Crooked Island RdH O M E B U Y E R S T R A T E G Y G U I D E $289,0003 BR/ 3 BA with a 2 car garage.MLS# 12-133711024 Bay Road 413 Crooked Island $269,9003 BR/ 2 BA RanchMLS# 12-13374 $325,0004 BR/ 3 BA with a 3 car garage.MLS# 12-13314Call 814.375.1167

Treasure Lake Homes1964 Carribean Rd $369,9004 BR/ 4 BA with a 2 car garage.MLS# 12-13316702 Basse Terre RdH O M E B U Y E R S T R A T E G Y G U I D E $250,000 4 BR/ 2 BA ~ Waterfront.MLS# 12-1331794 Rum keg Ln 3272 Bay Rd $159,9003 BR/ 2 BA with a 2 car garage.MLS# 12-13323 $219,700 3 BR/ 3 BA with a 1 car garage.MLS# 12-13342Call 814.375.1167

Treasure Lake Homes218 Lesser Antilles CT $252,0003 BR/ 3 BA with a 2 car garage.MLS# 12-13347285 Smugglers RdH O M E B U Y E R S T R A T E G Y G U I D E $209,000 3 BR/ 2 BA with a 2 car garage.MLS# 12-13348186 Maracaibo Rd 16336 Treasure Lake Rd $189,900 3 BR/ 3 BAMLS# 12-13359 $404,000 3 BR/ 3 BA with a 2 car garage.MLS# 12-13368Call 814.375.1167

Kersey ~ Ridgway~249 Hogback Rd ~ Kersey $368,0003 BR/ 2 BA with a fireplace.MLS# 15-89195 Hospital St ~ RidgwayH O M E B U Y E R S T R A T E G Y G U I D E $63,000 2 BR/ 1 BA Each Unit.MLS# 16-607Brookville ~ Johnsonburg3620 Fuller Rd ~Brookville $799,0004 BR/ 3 BA with 9+ AcresMLS# 01-10968418 2nd Ave~ Johnsonburg $85,000 2 BR / 1 BAMLS# 10-7330

DuBois Area20 D Tower Lane $229,9002 BR/ 3 BA with a 2 car garageMLS# 04-140023388 Smithtown RdH O M E B U Y E R S T R A T E G Y G U I D E $100,000 3 BR/ 1 BA MLS# 04-1405021 S Stockdale St $129,9003 BR/ 2 BA with 1st flr laundryMLS# 04-1405142 Guy Ave $120,000 2 BR/ 1 BA with add’l homeMLS# 04-14019DuBois Area

DuBois Area38 McLane Ave $169,9004 BR/ 3 BA with a 2 car garageMLS# 04-14053207 Hickory RdH O M E B U Y E R S T R A T E G Y G U I D E $159,900 4 BR/ 3 BA MLS# 04-14055317 London St~ Sykesville $87,0002 BR/ 1 BAMLS# 04-14058516 Grant St ~ Reynoldsville $89,900 4 BR/ 1 BAMLS# 04-14028Sykeskville ~ Reynoldsville

Commercial Property319 Main St- BROOKVILLE $249,9002300 SF of office/retail spaceMLS# 01-11018377 Aviation Way- ReynoldsvilleH O M E B U Y E R S T R A T E G Y G U I D E $235,675 8.57 Acre LotMLS# 04-13696827 Old Rt 255 ~ DuBois $997,00062.89 Acres in 3 parcelsMLS# 04-13908Platt Rd ~ DuBois $149,900 45+ AcresMLS# 04-13789DuBois Area~ Commercial

Commercial For Lease51 Developac Rd~ DuBois4069 SF AVAILABLE5 YR Lease Required$17.50 PSF/moMidway Dr ~ DuBoisH O M E B U Y E R S T R A T E G Y G U I D EDESIGN BUILD1.2 ACRE LOTPRIME LOCATION11 N 2nd St ~ Clearfield 2 SPACES AVAILABLE 3000 SF 4th FLR7,950 1st FLR1977 Rich Hwy ~ Falls Creek7.6 AcresHigh Traffic AreaJust off I-80 Exit 97DuBois Area ~ Commercial

FinancingRoadmapfor Buying Your HomeInterviewWe can help connect you with alender to get pre-approved for amortgage.Find the right REALTOR® for you.Home SearchWe will discuss your ideal pricerange, criteria, and begin thesearch process.ShowingsWe will set up appointments so youcan view the properties of interest toyou.Making an OfferNegotiation and ContractIf the seller counter-offers, we willdiscuss those terms and negotiateaccording to your instructions. Onceall parties have accepted the terms,you are under contract!We will start a market analysis ofcomparable homes in the area.Based on this analysis, we will worktogether to prepare an offer basedon the price and terms you choose.EscrowYou will need to pay earnest moneywithin a few days of signing thecontract. The amount of earnestmoney is typically 1% - 3% of yourpurchase price.Final StepsA home inspection will be scheduledand we will have an opportunity tonegotiate any repair requests. Thelender will order an appraisal, andonce approved, they will move forwardwith funding your loan.Final WalkthroughYou have have an opportunity todo a final walkthrough of theproperty prior to closing.ClosingReview and sign closing documentsand celebrate your new home!H O M E B U Y E R S T R A T E G Y G U I D E

RepresentationWe will always represent your interests when the selleris a For-Sale-By-Owner (FSBO) or represented by anagent from another real estate brokerage.We will review with you how our duties maymodify if the seller is a client or a customer ofan agent from our brokerage.If the seller is a client of Coldwell BankerDevelopac Realty, state law and our brokeragepolicy provides clear direction, and we have ahigher level of responsibility.If this occurs, you will know in advance andyour informed consent will be required so youcan be assured that all client information forboth parties remains confidential and each willreceive equal information and fair treatment.What We Can't DoMake any decisions for you.Guarantee that you will purchase a propertyfor less than market value.Hide or misrepresent any material facts ordefects about the property, even if I am alsothe listing agent.Discriminate in any way or violate Federal FairHousing Laws.Collect a rebate from a service provider in yourtransaction without your agreement.Choose the neighborhood or communitywhere you should live.Tell you if the area is ‘safe’ or what schools are‘better’ than others.H O M E B U Y E R G U I D E

Talk to a mortgage broker or lender. Shoparound for the best mortgage for yourparticular situation, and make sure youunderstand the home loan process.Preparation is KeyBe ready to move. This is especially true inmarkets with a low inventory of homes for sale. You don’t want to miss out on the home youwant because you didn’t act quickly enough.Make a good offer. Especially in a low-inventory market, your offer is unlikely to bethe only one on the table. Do what you canto ensure your offer is appealing to a seller.Maintenance and repair costs. Make sure tofactor these into your buying budget so youdon’t leave yourself short.Narrow down your search area. Compile alist of three or four neighborhoods whereyou’d like to live, taking into account factorsthat matter to you.H O M E B U Y E R G U I D E

When you are ready, your agent will write an offer including terms andconditions that protect your interests. They will explain all components andcontingencies of the offer.Remember, all decisions are yours to make. they will explain the process andprovide you with options, alternatives and ramifications.Offer Process & NegotiationsOnce your offer is submitted, there is no guarantee thatthe terms or conditions will be accepted. The sellermay counter-offer and you can:Accept the offer.Reject the offer.Counter-offer with any terms or conditions.You may negotiate as many times as needed until theprice and terms are acceptable to you.If multiple offers exist, your agent will discuss theprocess and your many options under that scenario.You are entitled to consult with a legal representative at any time during theprocess. Please remember that a timely response is critical. We cannotaccept responsibility if the buyer rescinds their offer before your attorneyresponds.It is important to select an attorney who specializes in real estate to minimizethe occurrence of potential problems within the transaction and negotiatingprocess.H O M E B U Y E R G U I D E

Inspection PhaseThe inspection phase is a mutually agreed timeframethat allows the buyer an independent third-partyassessment of the structure and mechanicalcomponents of the property, even if it is being sold "AsIs".The home inspection is paid for by the buyer.We will accompany you and inspector(s) the entiretime.If the listing agent or seller are present, they maynot interfere in the inspection process.This can result is several possible outcomes:Buyer can accept as is.Buyer can renegotiate the offer.Buyer can cancel the contract.The inspector will submit a written report to thebuyer and buyer's agent.If you desire to make repair requests to the seller,we will submit a written request, a copy of thatpage of the inspector's report, and maybe anestimated repair quote.We will review the repair requests with you andhelp you assess your options.A written request will be prepared based on yourinstructions and an attempt to arrive at amutually agreeable solution.Repair RequestsH O M E B U Y E R G U I D E

Home AppraisalIf you are seeking a loan to purchase your property, thelending institution will require an appraisal to verify thehome is worth the loan amount. The property mustappraise for at least the amount of the contractedsales price or more to ensure there are no financingissues.We are clear to proceed and closing can be begin.Appraisal is At or Above Contracted Sales PriceThe buyer may opt to cover the difference withcash funds.Renegotiate with the seller.Cancel the contract.Appraisal is Below Contracted Sales PriceMortgage ContingencyA written commitment can be expected from thebuyer's lender within a predetermined timeframe.If extra time is required, a written extension may berequested.The seller can decide whether or not to grant theadditional time depending on their currentcircumstances.Your agent will advise you of your options,alternatives, and ramifications along with yourattorney.H O M E B U Y E R G U I D E

Verify all required repairs agreed to in the contract.Organize packing and movers.Contact utility companies to transfer services to yournew address.Submit a change-of-address form with the Post Office.Countdown to ClosingOdds and EndsYour agent will schedule this with the listing agent andwill ensure that contractually requested items remainwith the property.Pre-Closing InspectionYou will be able to occupy the property after closingunless advance contractual arrangements have beenagreed upon by all parties.Occupy on the Day of ClosingYour agent will be present at the closing to ensure thateverything that was agreed upon stays that way. Most closings proceed without incident since all detailshave been handled and agreed upon prior to this event.ClosingH O M E B U Y E R G U I D E

YOUR JOURNEY TOHomeHome814-375-1167998 Beaver Drive ~ DuBois PA 158011102 Coral Reef Rd ~ Treasure Lakecoldwell banker@developac.comwww.developac.comstarts with