Category Archives: Home Purchase

Making an Offer

So you want to make an offer? That’s great and I’m super excited for you!

Now, before I can write up the offer, there are a few things I need from you…

  • Offer Price:
  • Any non-fixtures or items not listed you want to keep (ex: refrigerator isn’t listed but you want it):
  • Any contingency on the sale of another property:
  • Financing
    • Type: Conventional, FHA, VA, RD
    • Years: 30, 15, etc
    • How much down:
  • Seller paid closing costs (0-3% is typical):
  • If you want to have a lead based paint inspection done (if the home was built before 1978):
  • Earnest money deposit amount ($1000 is typical. I only need the number now. The check would be collected if the offer is accepted):
  • A pre-approval letter listing either the property address or that you have been pre-approved for the amount being offered
  • If a home warranty is not included with the property, would you like to purchase one for around $450?

As always, if you have questions about any of these items please don’t hesitate to ask.

Home Building Strategy

Congratulations on your interest in building your next home! Even if you are experienced in building or know exactly what builder you want to work with please take a moment to consider the proposition below.

Before I received my real estate license I had a number of family and friends build their houses. In every single case, what sounded like a simple thing turned into delays, miscommunication, and aggravation. Often to the point that the home owner would not recommend the builder to their friends.

Now, I’m not saying that all new builds are destined work out this way, but why not have someone on your side? Someone who’s interest is not in lining the builders pockets? Or, at a minimum, someone that will help you along the way with communication and coordination of the various pieces involved in any move?

What I would like to recommend is the following strategy.

First, we sign a buyer representation agreement that covers either a new build or purchase of an existing home. This provides you representation and assistance with your new home.

Then, we line up meetings with the builders of interest. I can arrange these for you, or you can.

Once you’ve picked your builder and a plan I’ll work with you throughout the build on anything that I can.

So, at this point you may be asking… “But can’t I negotiate a discount if I don’t work with a real estate agent?”. And, in some cases you may be right. If your interest is simply saving the money, and you have no interest in assistance along the way… once we have a price from the builder, if they will knock off 3% of the price and you don’t want any help I will terminate your contract at no charge to you, and wish you luck along the way.

If they won’t reduce the price by 3% then you now have representation, and someone to help you along the way instead of what you would have had if you went in without an agent… no representation and a price that puts an extra 3% in the builders pocket.

Now that you have representation I’m willing to offer your two more options…

1) I work hands on with you through the entire process and the builder pays the normal commission to my broker.
2) You do almost all the work only asking for assistance where you need it and I split my portion of the commission (after all I have to pay taxes on it) with you after my broker takes their cut.

In every situation it works out in your favor either in having someone on your side, or saving a few bucks. But it all starts with having someone on your side before meeting with any builder.

Contact me today so I can help you build the home of your dreams!

The Closing

The “closing” is nothing more than the finalization of your real estate purchase. Expect to take the day off or have a flexible schedule to accommodate possible changes in time.

Plan on approx 2 hours, but some closings are shorter and some longer.

All parties are typically present at the closing (buyer, seller, listing Realtor, selling Realtor, listing broker, title company closing officer, & sometime the loan officer).

Bring these items with you:

  • Cashiers check or certified check in the amount of the cash required to close made out to the title company at which the closing is taking place. Do NOT bring cash!
  • Driver’s license or state identification card

You will will receive the following items at the closing:

  • A package with copies of all the closing documents presented during the closing
  • Keys to your new home and garage door opener(s) (if applicable) if occupancy is at closing.
  • A personal check in the proper amount for rent from the seller(s) if occupancy is not at closing