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Home Buyer Resources

 

The Benefits of Owning Your Own Home vs. Renting

 

20 Steps Down the "hallway to home ownership

 

How much can I afford

 

Making an offer

 

Seller Resources

 

Appraisal Value vs. Market Value

 

How do I prepare the house for sale?

 

How does someone sell a slow-mover?

 

Duties of a Listing Agent

 

 

 

 

  

20 Steps Down the "Hall-Way" to Home Ownership

 

Step 1

Buyer Counseling

We will meet to discuss in detail your needs and wants so we can plan the

ideal search for your property.

 

Step 2

Agency Alternatives

We will discuss what agency is with you and explain to you the different

relationships in real estate, so you know exactly where you stand and

what your rights are in a real estate transaction.

Step 3

Buyer Representation Agreement

We will explain to you the Buyer Representation Agreement with the

services and fiduciary responsibilities that accompany representation.

Step 4

Financing

We will offer to arrange a meeting with one of our lenders to identify your

range of affordability and to increase your negotiating position through the

pre-qualification and pre-approval process.

 

Step 5

Home Criteria

Our sales associate will provide you with all available properties that meet

your property-search criteria. Our goal is to present you, when possible,

with properties as they debut or before they appear on the open market.

 

Step 6

Property Viewing

We will arrange for private showings for the properties that meet the criteria

you have selected. Our sales associate will always be present to help you

evaluate each property.

 

Step 7

Property Evaluation

We will discuss the attributes of each property that may affect its present

value and future resale value. We will discuss how each property does or

does not fit your individual needs and wants.

 

Step 8

Truth-in-Housing

We will review with you all inspection reports pertaining to the condition

of the property and disclose all physical defects of the property that are

known to us.

 

Step 9

Review of Seller's Disclosure

We will review the seller's written disclosure statement with you to enable

you to make the best decision possible on how to write your offer to purchase.

 

Step 10

Inspection Contingency

We will explain to you the option of a home inspection contingency.

 

Step 11

Home Warranty

We will explain to you the option of a home warranty plan to reduce your risk

when purchasing a home.

 

Step 12

Appraisal

We will explain what an appraisal is and when and why it is necessary.

We will explain to you the option of an appraisal contingency.

 

Step 13

Funds Required

We (in conjunction with your lender) will provide you with a good-faith estimate

of closing costsand down payment requirements anticipated in the transaction.

 

Step 14

Offer Preparation

We will prepare a written offer on the property you have chosen, with specific

terms approved by you.

 

Step 15

Negotiations Strategy

We will prepare a negotiation strategy for the property you have selected,

including advice on the initial price and terms to offer where permitted.

 

Step 16

Offer Presentation

We insist upon presenting your purchase offer directly to the seller.

 

Step 17

Monitor the Sale

We will track the progress of your purchase agreement keeping you informed

of the status of all contingencies and conditions during the entire transaction

period.

 

Step 18

Final Walk-Through

We will accompany you on a final walk-through of the property prior to closing

to make sure everything is just how you expect it to be.

 

Step 19

The Closing

We will be present with you at the closing table to ensure all goes well.

 

Step 20

Continuing Service

We will be in contact with you after the closing to ensure all your needs have

been met and answer any questions that may have arisen.

 

We are committed to service.

 

 
 
 
 
 
 

Copyright © 2000-2005 Sumit Realty®. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.