House Hunting Time!
Your realtor of choice needs to know the following!
What is the ideal timing of your proposed move?
How long do you have to look at homes?
your present home sold/on the market?
you need to sell your home in order to buy a
If we found a home today that satisfied
your needs, would you be ready to decide?
What style of home do you prefer?
do you want in your next home?
Is there a
specific area that you like?
Is there a particular
school system you want? Why?
Are there any
existing medical conditions that will require
special features in a home?
What do you have
in your present home that must be in your next
Are you prequalified by a lender? By
whom and when?
Explanation of the MLS system; any home
can be shown
“All” homes that are
listed with the Multiple Listing Service
can be shown by your realtor of choice
The realtor name on
the company sign, is the listing/marketing
realtor; your realtor of choice can still
show these homes
Homes can be seen that
are for sale by owner; appointments are
made by the buyer’s realtor
Showing procedures for homes of interest
The buyer is the main
focus, in order to be given the newest and
most select properties that fit the buyer’s
A buyer can drive by
homes that have been chosen, before showing
appointments are made.
Appointments are made,
by the buyer’s realtor with the sellers,
for showing the selected homes of interest
As a courtesy to the
seller, buyers have an obligation to observe
showing appointments with their realtor
A home has been found!
Think it over, preferably
Review your list of
items that you wanted in a home; compare
with the home of choice
Have your realtor make
a second and/or third time viewing appointment.
Bring another “set
of eyes’; another opinion is valuable
Explanation of purchase and sale agreement
A purchase agreement
form is reviewed between buyer and realtor;
the time to be comfortable with these documents
is “before” the blanks are filled in.
All of the steps in
the purchase process are explained, to make
the buyer as comfortable and knowledgeable
as possible, including appraisals, inspectors,
timing, contingencies, etc.
A sample copy for the
buyer is provided for reviewing independently
Discussion of importance of terms:
A loan approved under Fannie Mae or Freddie
Housing Administration; guidelines are set
for interest loans on residential properties
loans are available to all qualified veterans.
The VA requires no down payment and offers
higher loan limits than FHA
expenses that are incurred in the closing
of a real estate or mortgage transaction,
by a seller or a buyer.
amount of money the lender requires from
the buyer, for procuring the type of loan
that is being arranged.
Explanation of closing/settlement process
agency performs the following:
Oversees and coordinates
solution of any problems revealed in the
preliminary title report
File documents to clear
title of all liens, encumbrances, judgments,
clouds on title, or easement questions
Orders title insurance
Verifies that all work
orders are completed and re-inspected if
Prorates any rents,
taxes, or utilities to the date of closing
Prepares all documents
and closing papers for buyer and seller
Arranges for both parties
to sign closing documents
Files all documents
with the local government to close the sale
Upon closing, dispurses
funds per the closing instructions
Home inspection discussions
It is recommended that a buyer hire a certified
home inspector to inspect the home, once a purchase
and sale offer has been accepted. A list of
several qualified inspectors are provided to
the buyer. This inspection is a contingency
of purchasing the home. Areas that the inspector
will cover are discussed between buyer and inspector.
Referrals to lenders
If needed, a list of
lenders can be provided. There are dozens
of different loan options available today.
These should be explored with a lender of
choice, as ones purchase power will change
with each loan instrument selected.
Assistance with paperwork and any details
Buying a home is a road filled with many confusing
choices. Having an accredited buyer’s agent
at ones side to help and represent one with
any concerns, keeps one from taking the wrong
Allowing and asking for the help of a capable,
dedicated professional is your choice!
Baby-sitting service during home search
with locations of work, airport, etc.
of favorite restaurants and activities
Toys for kids in car