home buying with team webster and keller williams realty
Post on 24-Jul-2016
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TeamWebster K E L L E R W I L L I A M S
HOME BUYING
BUYING A HOME IS A BIG DECISION
The more prepared you are at the beginning, the
less overwhelming and chaotic the buying process
will be. From the initial planning to selecting the
home that’s right for you, there are many steps
throughout the buying process. At Team Webster,
we are here to guide you every step of the way.
Each office is independently owned and operated
HERE ARE SOME POINTS FOR YOU TO REVIEW:
A buyer’s agent represents the consumer who is purchasing the
property in the real estate transaction, not the seller. The buyer’s
agent works directly for the buyer and has their clients’ best
interests in mind throughout the entire real estate transaction.
As a consumer, how often do you buy real estate? Once, twice,
three times in your lifetime? Purchasing real estate is a complex
transaction with many details to be handled. In the majority of
home sales, the seller will have their own representation.
Wouldn’t you want to have equal, complete and fair representation
in the real estate transaction on your end as well?
AN OVERVIEW OF THE PROCESS:
- Selecting a lender and pre-approval
- Forming a “wish list”
- Implementing a home search
- Homework (studying the neighborhoods)
- Making an offer, reviewing contracts
- Risks of earnest money
- Contingencies
- Inspections and appraisals
- Moving preparations
- Settlement
How do our clients make us feel?Let’s start with ecstatic!
So many of our clients make our work enjoyable.
We’re humbled by their kindness.
A PROVEN APPROACH
At Team Webster, we believe buying or selling a home requires a
wide array of skills and expertise to ensure that our clients have
a clear advantage in the real estate market. We continuously look
to build upon our expert knowledge so that we may effectively
understand current opportunities and challenges in the industry.
Our agents are focused on delivering unparalleled results and
are committed to exceeding our clients’ expectations with our
professionalism, industry knowledge and innovation. When you
work with Team Webster, you’ll have an experienced team from
start to finish who are dedicated to delivering stellar results.
Team Webster’s level of communication
and correspondence is stellar. Their
attention to every detail is outstanding.
The pace in which they handle the whole
purchase process is quick and efficient.
They value both your time and YOU!
We appreciate everything!”
-Kris and Sarah
“
INITIAL CONSULTATION
- Understand your objectives, priorities and time frames.- Discuss buying process.- Examine local market conditions.- Discuss lending qualification.- Define agency relationship.- Define how we will work together.
LOAN PRE-APPROVAL
- Obtain loan pre-approval letter from lender.- Determine budget and price range for home based on income, assets and personal financial plan.
HOME SHOPPING
- Tour properties that meet your home search criteria.- Monitor market activity with listing alert service.- Leverage Keller William’s network for upcoming available listings to preview.- Discuss lending qualification.- Identify off-market and expired listings that match requirements.
MAKE AN OFFER
- Review comparable sales and discuss appropriate offer strategies.- Review and sign all disclosures and reports.- Prepare detailed offer package including good faith deposit, loan pre- approval and any inclusions.
SUBMIT HOME INFORMATION TO LENDER
- Submit purchase contract to lender for processing.- Schedule appraisal (by lender).- Confirm contingencies and loan condition dates.
INSPECTIONS AND PROPERTY CONDITION
- Conduct buyer inspections: Home, Radon, Termite, Septic, Pool, etc.- Review Home Owner Assoc. documents if available.
HOME BUYING PROCESS: AN OVERVIEW
The home buying process is filled with many details that can greatly
impact your experience. Your Team Webster realtor will help by
working with you and the appropriate vendors to properly guide
you to a successful close.
INSPECTION REVIEW
- If issues or concerns are discovered during buyer inspections, we may attempt to negotiate repairs, credits or negotiate price.
LOAN UNDERWRITING ANDAPPRAISAL
- Underwriting file review.- Appraisal completed and reviewed by lender.- Final financing approved by lender.
HOME INSURANCE
- Buyer selects home insurance company and coverage.
CONTINGENCY REMOVAL
- Upon complete buyer satisfaction with inspections, loan documentation, and all other contractual obligations, contingencies will be removed.
FINAL WALK-THRU
- Confirm property condition and completed repairs, if any. Property condition should be consistent with condition on date of ratification.- Review walk-thru checklist.
MOVING DETAILS
- Set up utilities: electricity, water, garbage, phone, internet, alarm, etc.- Schedule movers.
SETTLEMENT
- Review all transaction and closing costs.- Sign loan documents.- Provide cashiers check for down payment and closing costs.- Obtain keys for new home!
Team Webster was great! They made a
stressful process easy. We will definitely recommend them.”
-David and Barbara “
FINDING THE RIGHT HOME:THE SEARCH BEGINS
Your Team Webster agent will
help begin your search by
narrowing your preferences
to determine what homes
fall within your particular
parameters (affordability,
size and neighborhood).
We will enlist all of our
resources available to us
including Multiple Listing
Service (MLS), off market
properties, new construction,
agent-to-agent networking,
open houses as well as bank
owned properties. You will
also be included in daily
listing alerts, notifying you
of properties that meet your
criteria, as they hit the market.
CREATE A WISH LIST, THEN PRIORITIZE
Let your imagination run wild when creating your initial list of
parameters. Then prioritize your list carefully. You may have to make
some trade-offs between the various items on your wish list, but
start as big and wide as your net will cast.
PREVIEWING PROPERTIES
Whenever possible you should drive through neighborhoods where you see a potential property. This will help you determine if the house and neighbor-hood is desirable. Then we can sched-ule a viewing.
WEEKEND OPEN HOUSES
You may wish to attend an open house on your own. When doing so, please inform the agent holding the open house you are working with Team Webster and provide him or her with the agent’s name.
QUESTIONS TO CONSIDER
- When would you like to move?- How long have you been looking?- What do you like most about your present home?- What do you like least about your present home?- What neighborhoods do you like?- Are schools a factor? If so, which ones?- What style of home would you like?- What property condition are you looking for (e.g. fixer upper, new construction)? If interested in new construction, please talk to us about that process.- Is your home currently on the market? How long has it been on the market? What is asking price?- Do you need to sell your home in order to buy?- Do you need to be near public transportation or highways?- Do you prefer to be in a location with close proximities to amenities?- Are you the sole buyer’s or do you have partners?- What features are you looking for: detached, condominium, number of bedrooms and baths, separate dining room, square footage, pool or no pool, fenced backyard, etc.
THE BEST APPROACH TO VIEWING A PROPERTY
Each time you view a property, compare that property’s
characteristics to your search parameters. If a specific home falls
short of your desires, consider whether you can alter the home to
make it acceptable. Some features are impossible to change, such
as location, but other features can be changed or modified by
painting, remodeling or making structural alterations.
FINANCIAL AND EMOTIONAL CONSIDERATIONS
Once you have identified the property that meets your criteria and
are prepared to make an offer, you will meet with your agent to
discuss the best offer strategy. Is this property extremely desirable...
one that could invite multiple offers? If the seller counters your
offer and asks for a higher price, what is your top dollar? Does the
property need improvement? How motivated is the seller? How
motivated are you? What contingencies have you placed on the
offer? Do you have to sell a property in order to purchase this one?
Are you already pre-approved for a loan?
“ Thank you and for making it a pleasant experience!
We enjoyed working with you and appreciated all of your suggestions,
input and help. Definitely will recommend you to family and friends.”
-Mary and Jesse
THE POWER OF NEGOTIATING
The art of negotiation is being able to walk
away. The skill is not having to. Our goal is
simply to help you buy the right property,
at the best possible price.
THE POWER OF NEGOTIATING
The art of negotiation is being able to walk
away. The skill is not having to. Our goal is
simply to help you buy the right property,
at the best possible price.
CLOSING COSTS: WHO PAYS WHAT?
Closing costs are the various fees charged by the lender, the title
company, real estate agents, and other service providers in order
to complete a real estate transaction. Your lender will supply you a
detailed estimate of all closing costs.
THE SELLER CUSOMARILY PAYS:
- Real estate commission.
- Transfer Tax (according to contract).
- City transfer tax (if applicable and
according to contract).
- Payoff all loans against property.
- Interest accrued on loans being paid
off and pre-payment penalties.
- Home warranty (if in contract).
- Any judgements or tax liens
against the seller.
- Prorated HOA fees (if applicable).
- HOA fee for providing all home
owner documents (if applicable).
- Delinquent taxes.
- Pre-sale inspection fees.
- Negotiated repairs or credits (if any).
THE BUYER CUSTOMARILY PAYS:
- Title insurance.
- Escrow fees.
- Document preparation (if applicable).
- Transfer tax (according to
contract).
- City transfer tax (if applicable and
according to contract).
- Recording charges for all documents
in buyers name.
- Tax proration (from acquisition).
- All new loan charges (except those
required by lender for seller to pay).
- Appraisal fee.
- Prorated HOA fees (if applicable).
- KW administration fee.
- Inspection fees (property inspection,
pest, radon, etc.).
Team Webster: 302-299-1140
Email: teamwebster@kw.com
Each office is independently owned and operated
www.teamwebsterhomes.comwww.youtube.com/teamwebsterhomeswww.facebook.com/teamwebsterhomes
www.twitter.com/teamwebsterhome
2015 TEAM WEBSTER
THIS PUBLICATION IS NOT INTENDED TO SOLICIT ALREADY LISTED PROPERTIES.INFORMATION HERE WITHIN IS NOT WARRANTED.
Bill Webster Realtor - DE, PA, MDCRS, GRI, ABR, SFR, e-Pro, SRES
Jay WebsterRealtor - DE, PA, MDSRES, Accredited Home Stager
DE Broker: 302-299-1100
PA Broker: 610-444-7171
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