RESOURCES
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Sellers
FAQ’s
That Form 17 Seller Disclosure Statement
Selling Process
Sample Prep Sheet
Moving Tips
Selling an Estate_What to expect
-Determine how to communicate (1 contact or all)
-Out of area decision makers
-setting expectations for all parties
BUYERS
FAQs
Buying Process
Multiple offer vs. Only Offer (Secret Weapon)
Gift Funds: How to Make Sure they Help not Hurt
What not to do when buying
New construction or Resale
Buyer Frequently Asked Questions
What is a title contingency and what does it mean to waive it? (see email to darnell about 22T)
What is an inspection contingency and what does it mean to waive it?
What can we do to further understand the market right now? I know it is fast paced and we want to just be in the prime position to understand and make the best judgment call whatever that may be.
When get started looking at houses, we will go over how to write a competitive offer and what to expect as far as contingencies, what to waive, what to keep, and the ‘why’s' that are associated with those. The most important things are to SAVE SAVE SAVE for that downpayment….20%+ puts you in the most competitive situation besides cash, have your lender picked out, and make sure when we do start our search that we communicate quickly and see houses quickly.
This may be more for a lender question but do most clients you work with go through pre-qualification for a home loan and then pre-approval? Could you explain the major difference in these and if they are both necessary?
How are we going to compete with all cash offers? What can we do to make our offer seem the best? This may be too early in the game and if this needs to wait to be discussed we completely understand too.
What are the average closing costs at the moment , 2-3%?
Some can be very difficult to differentiate which one is best. How many lenders would you suggest submitting all the documentation and seeing what we are pre-approved for? We don’t want to ruin our credit while still determining which lender may be best for us. Thank you so much for your guidance along the way.
How many lenders would you suggest submitting all the documentation and seeing what we are pre-approved for? I would suggest one or two mortgage brokers and one bank. I would skip the credit unions as they take FOREVER to close.
How are we going to compete with all cash offers? What can we do to make our offer seem the best? That we will go over more in detail when we see each other next, I actually have samples of offers on my listings so you can see exactly what your “competition” brings to the table and how you need to craft your offer to give you the best chances. It is a lot to cover, and we will likely need to review it a couple times. So essentially, it can save you some of the ‘trial by fire’. You get a sneak peek that most buyers don’t see!
I have been told that if you shop lenders in the same week it has minimal impact on credit score and it is almost under the umbrella of one Occurrence. I will check myfico.com to see if I can find something concrete.
So I’m preapproved! Now what?
Fantastic! So, here are the next steps:
Keep saving saving saving! The higher your downpayment, the more competitive your offer will be, and the more comfortable you will be writing a competitive offer. Sounds the same, but it is different.
I am going to send you a “heat map” of sorts. It’s a map of where homes in your price range are selling. What price range have you decided on? Then you can send me some of those that if they were still available, you would have been interested in.
We can then set up a broad search that we will narrow in as we figure out more of your criteria.
Set up a regular weekly showing. With the understanding that it will be flexible.
Our first showing will be mainly educational. Starting with the review of the purchase and sale, followed by seeing some houses!
Our second showing will include the review of a multiple offer spreadsheet which is your “inside view” of what sellers see when looking at and choosing offers
Feel free to stop by open houses and drive by homes that are of interest. That will get you better oriented with neighborhoods. If you are super excited about one, the quickest way for me to look up all the info is if you send me the MLS number.
Seller Faq’s
When filling out your disclosure form here are some things to keep in mind.
Fill out to the best to your knowledge
If you say that something is true to your knowledge or to the best of your knowledge, you mean that you believe it to be true but it is possible that you do not know all the facts.
Material Defect
A material defect is a specific issue with a system or component of a residential property that may have a significant, adverse impact on the value of the property, or that poses an unreasonable risk to people
30 sec video on filling out the form 17 - 4 most common mistakes on the Seller Disclosure Statement
-is this during my ownership or what I know about previous owners. Is this just for my condo or the whole development?
Feature 3
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