Buy

Get pre-approval Letter from LOCAL LENDER (my local lenders are below)

Find a home you love!

1. Discuss offering strategy

Submit offer by certain date

Listing Agent will go over all offers

1. Negotiations may happen

You’re notified your contract has been accepted, contract executed

Deliver option fee & Earnest Money to the Title office

1. Option Fee check delivered before 5:00pm on the 3rd day of Option Period

   1. Applied to purchase of house

   2. Made out to Seller

2. Earnest Money check to Title company before 5:00pm on the 3rd day of Option Period (depending on holidays)

   1. Entitled to receive Earnest Money refund as long as terminated for allowable reasons

   2. Made out to Title Company (they will tender—cash—the check)

3. You may use electronic forms of payment!

   1. ZOCCAM for Earnest Money (Ask Title about ZOCCAM)

   2. Venmo or Zelle for Option Money (send to Seller's handle; screenshot receipt)

Once we have executed the contract, agent (David) sends buyer a “Buyer’s Checklist” + "Critical Dates"

Buyer schedules home inspection

1. 4 preferred inspectors on our list

2. Can do Wood Destroying Insects (WDI) Test if you want... (get the test if home is 10+ years old)

3. Buyer attends inspection if they can make it; inspector gives summary

Recap inspection

1. Perfect homes have at least 18-page report, and will have code violations -- DON'T PANIC

2. We're looking for material defects (Roof, Foundation, Plumbing, Electric, HVAC, Safety, Destruction, Mold)

Buyers then tell Realtor (David) what they want repaired or how much money they want Seller to give them for the repairs

Approach Seller with repairs

Once repairs agreed upon, home goes to “Pending”

Only thing left for Buyer is to comply with Lender requirements

1. Financial papers

2. It’s federal law to resubmit papers lots of times

3. DO NOT finance any big purchases until AFTER closing (cars, boats, furniture, etc.)

Get Title Commitment

1. States what the Title Company is going to do in transaction, what liens are on the property, and what the Title Policy covers

2. We will see what the title comes back with

   1. Buyer must read Commitment carefully

3. HOA Bi-laws (if applicable)

   1. Buyer must review and see what’s acceptable to them

   2. Must receive every document in Bi-Laws!!

4. HOA Insurance Rider

   1. Buyer must review and see what’s acceptable to them

5. HOA Budgets

   1. Agent (David) gives courtesy look at budgets and see if HOA is underwater

   2. Buyer also checks HOA budget – see if HOA is organized

6. HOA addendum

   1. Can terminate contract within 3 days after receiving HOA Docs!!!

   2. Entitled to refund of Earnest Money

Schedule closing time and pick home warranty company/package

1. Title companies suggest you close before 2:00pm so you can fund in the same day you close

Final Walk-thru 24-72 hours before closing

Go to close, sign papers, get keys!!!

You own the home when your loan funds (if getting mortgage on property)

Submit a testimonial for David -- It helps me get better/grow my business :)