2016 home buyers guide

Steps to Finding Your New HomePresented by

Susan Booker

Susan Booker, CNE, MCNE, SRS REALTOR® Buyers & Seller Representation

Direct: [email protected]

True, Responsive Experiences.

1. Consulting with a real estate agent

2. Getting pre-approved

3. Finding the home

4. Making an offer

5. Presenting the offer

6. Negotiating the offer

7. After the Contract

8. The Closing

The Home Buying Process


Consulting Your Realtor®Establish your expectations. Assess home needs and wants. Learn about buyers agency.

Finding the HomeDetermine homes in price range.Select lifestyle neighborhoods.Visit helpful websites. Select the home!

1Getting Pre-Approved

Organize financial records.Obtain pre-approval letter.

F I N D I N G T H E R I G H T H O M E

Making an OfferDetermine fair market value.Decide on financing options.Research prior insurance claims. Decide on other terms such as deposit, date of possession and repairs.

Negotiating the Offer.Negotiate the best price (agent).Negotiate the best terms including closing date, closing costs, repairs and financing (agent).

Presenting the OfferConfirm offer agent prepared.Agent presents offer to listing agent.

P O W E R O F N E G O T I A T I O N

After the ContractSelect inspection company.Select homeowners insurance. Arrange final walk-through of property.

Welcome Home!Enjoy your home!Fill out our survey.Refer friends.Stay in Touch!

The ClosingObtain certified funds for closing.Arrange for utilities and movers.Sign loan papers at title company.

F R O M C O N T R A C T T O C L O S I N G

Your Home Buying ProcessWe want to make your home buying experience a stress-free process and offer our Family of Services to assist you from contact to closing.

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Understanding Your Expectations

What questions do you have about working with an agent to find your new home?

What are your expectations of me?


1. Conduct a counseling and information session to identify your needs and goals including preferred methods of communication.

HELP YOU FIND THE RIGHT HOME

As your representative I will:

2. Refer Family of Services to you including Insurance and Title, Residential Service Companies and Moving Services

NEGOTIATE IN YOUR BEHALF

3. Complete a thorough market search to identify all properties consistent with your lifestyle, needs and price range. Provide useful websites to assist you in your home search.

4. Prepare a comprehensive Home Price Evaluation to determine the fair market value of the home. We will review comparable properties in the neighborhood that have sold recently, current competition and homes that did not sell.

5. Skillfully prepare and present an offer on your behalf.

6. Negotiate the best price. Negotiate the best terms to buy your home including closing date, closing costs, repairs and financing.

HELP MANAGE THE TRANSACTION

7. Attend inspections and negotiate repairs on your behalf. Coordinate services of title, inspector, appraiser, surveyor, and residential service company to ensure the successful closing of your new home.

8. Monitor and communicate the progress of the sale

9. Follow-up with you after the closing to ensure your satisfaction with your home buying experience.

Commitment and Service Guarantee


Assessing Your NeedsPutting together your wish listWho will be living in the house?How much space do you think you will need?

Other considerations include: Age of home, lot size, kitchen, baths, layout, style, condition.

What are three “must have” features for your new home?


Understanding Buyer ‘s Agency

Buyer representation exists to protect youWithout a buyers’ agency agreement, I am bound by law to either represent the seller or act as a facilitator. I’d rather work for you.


Getting Pre-approvalA mortgage pre-approval will determine how much money you can borrow for the purchase of your new home.

Determine a mortgage an amount you are comfortable paying every month

A pre-approval must accompany a buyers contact submission.

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A Pre-Approval Letter

The process involves:Calculating your income vs. debt ratios

Running a credit review

Obtaining critical loan documents

including pay stubs, tax returns,

W-2’s


Finding The Home3


Determine Homes in Price RangeI will provide detailed information on properties from the Multiple Listing Service and other sources


Listing AlertsI will set you up to receive “Listing Alerts” so you can be the first to know when new homes matching your criteria come on the market!


Select Lifestyle Neighborhoods

How you live will help determine where you live

What is the driving force behind this move? (Job, family, more space, schools, lifestyle, etc.)

What type of activities do you enjoy?

I will refer you to helpful websites for your online research

What are your home must haves?


Making An Offer4


How Much To Offer

Making an offer to purchase involves more than picking a price

We will review comparable properties in the neighborhood that have sold recently


Negotiable Terms In The ContractOther negotiable items in the contract we will discuss include:

Inspections, repairs and home improvements

Closing Costs

Home Warranty

Closing date and possession


Presenting the Offer

I will submit the offer to the listing agent on your behalf.

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Negotiating The OfferOnce the offer is submitted, I will work with you in the negotiations to obtain the best price and best terms to buy your home.

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Accepting The OfferNegotiations are complete when both parties have signed the contract.


After the Contract

I will advise you about the importance of a home inspection and other inspections as required by law

Additional negotiations will be discussed if needed for home repairs

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Final Loan Approval

For example:

There are no liens on the house

The house appraised at a value equal to or greater than the agreed upon sales amount

Along the way, you will have received word that your financing has been approved. Final approval means all conditions on the loan have been removed.

Homeowners Insurance

Just before closing, we will also need to make sure that you obtain homeowners

insurance for your property.

Be sure ask about flood, wind storm along with combining home and auto for more

savings.

Homeowners Insurance

Final Walk-Through

Just before settlement, we will make one last inspection of the property to ensure that the home is in the condition we expect


The Closing

Bring certified funds for down payment and closing costs

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Arrange for utilities and movers

Sign closing documents at title company

Receive your Keys


Welcome Home!


E N J O Y YOUR H O M EAfter closing I will be checking in to see how you are enjoying your new home!Thanks in advance for completing a third party service evaluation you will receive via e-mail.If you have further questions please don’t hesitate to call or email


Susan Booker, CNE, MCNE, SRS Realtor® Buyers & Seller Representation

Direct: [email protected]

Read what my Clients are Saying.


"Susan was wonderful through out the sale of my previous home to the purchase of my new home. She did a fantastic job of helping me balance the two transactions and always kept communication up to date. I knew I could trust her during the entire process. I would definitely recommend Susan to anyone who needs assistance with either selling or purchasing a home, or both. She has proven to be very dependable and knowledgeable and those are characteristics that make a big difference when dealing with real estate. "

"I'm an investor and have been in this business for around 20y's ,by far Susan is one of the best agent that I have the pleaser to know and work with , beside being a very beautiful lady she is knowledgeable and has a aggressive marketing strategy , my property is located in one of the

hardest to sell area of Houston ,within 2 weeks of listing my property we had an offer on the table for full asking price and closed it in 6weeks , without a Dowd Susan worked smart and hard on selling my property ,I'm grateful and appreciate having her as my agent. Dear Susan Thank

you. "

Always there when I needed her. Very responsive and has such a positive personality. I highly recommend her expertise!!! She absolutely knows her stuff!

She’s an awesome

Realtor she heled me relocate

from Indiana to

Katy,tx.

2016 home buyers guide

Real Estate

Transcript of 2016 home buyers guide