Buyers Presentation

364 views
334 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
364
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Buyers Presentation

  1. 1. Buying a Home
  2. 4. Step By Step . . . <ul><li>Buyer’s Counseling Session: </li></ul><ul><ul><li>Determine Mortgage Qualification </li></ul></ul><ul><ul><li>Determine Type, Size and Area of Desired Home </li></ul></ul><ul><li>Get Mortgage Pre-Approval:: </li></ul><ul><ul><li>Determine Which Mortgage Company will Provide the Best Financing, Best Interest Rate and Terms </li></ul></ul><ul><li>Search for Homes Available: </li></ul><ul><ul><li>Using MLS Computer System </li></ul></ul><ul><ul><li>New Construction </li></ul></ul><ul><ul><li>For Sale By Owner </li></ul></ul><ul><ul><li>Homes Not Currently Listed </li></ul></ul>Tour All The Homes You Want:
  3. 5. Find The Right Home for You! Write an Offer on the Home. Negotiate Until Offer is Accepted by BOTH You and the Seller. <ul><li>Arrange for: </li></ul><ul><ul><li>Professional Home Inspection </li></ul></ul><ul><ul><li>WDI (Termite Report) </li></ul></ul><ul><ul><li>Radon Report </li></ul></ul><ul><ul><li>Settlement with Attorney or Title Company </li></ul></ul><ul><li>Two Weeks Prior to Settlement: </li></ul><ul><ul><li>Get Homeowners Insurance </li></ul></ul><ul><ul><li>Put Utilities in Your Name </li></ul></ul><ul><li>Final Settlement: </li></ul><ul><ul><li>Sign All Deeds & Required Mortgage Documents </li></ul></ul><ul><ul><li>Takes About 1 Hour, Then… </li></ul></ul><ul><ul><li>The Home Is YOURS! </li></ul></ul>
  4. 7. <ul><li>_____ Keep and File a copy or Property Description Sheet </li></ul><ul><li>_____ Keep and File all paperwork: Sales Agreement, Addendum & Disclosures </li></ul><ul><li>_____ Professional Home Inspection (If required by contract) </li></ul><ul><li> Date ________ Time ________ Company__________________________ </li></ul><ul><li>_____ Title Company or Attorney for Settlement </li></ul><ul><li> Name_______________________________ Phone # _______________ </li></ul><ul><li> Address ____________________________________________________ </li></ul><ul><li>Date _________________________ Time ________________________ </li></ul><ul><li>_____ Mortgage Application </li></ul><ul><ul><ul><li>Company _________________________________________________ </li></ul></ul></ul><ul><ul><ul><li>Loan Officer ________________________ Phone # _______________ </li></ul></ul></ul><ul><li>_____ Supply all documentation requested by Mortgage Lender </li></ul><ul><li>_____ Mortgage Final Approval / Commitment Date _________ </li></ul><ul><li>_____ Secure homeowner’s insurance Policy on your new home (Within 2 weeks of settlement). Supply copies to Mortgage Company and attorney/Title Company. Have Insurance Company bill policy to your settlement company. </li></ul><ul><li>_____ Within 2 Weeks of settlement, transfer utilities into your name. Some companies and phone numbers can be found on the last three pages. Make sure they are in your name on the day of settlement. </li></ul>Buyer's Checklist
  5. 8. <ul><li>_____ Oil and/or Propane Services: </li></ul><ul><ul><ul><li>The remaining fuel in oil tank will be reimbursed to seller and propane tanks are normally paid in full. Be prepared for these reimbursements at final settlement </li></ul></ul></ul><ul><li>_____ Private Trash Removal: Set up new account </li></ul><ul><ul><ul><li>Home Waste (302) 738-4093) </li></ul></ul></ul><ul><ul><ul><li>BFI (302) 658-4097 </li></ul></ul></ul><ul><ul><ul><li>Delaware Sanitation (302) 322-7714 </li></ul></ul></ul><ul><li>_____ Post Office: Obtain change of address package. Send out cards. </li></ul><ul><li>_____ Motor Vehicle License: Change Licenses for vehicles and individuals </li></ul><ul><li>_____ Voter Registration: Register to vote at Elections Department </li></ul><ul><li>_____ Final Walk Through of Property: </li></ul><ul><ul><ul><li>Date ___________ Time ______________ </li></ul></ul></ul><ul><li>_____ You will need a certified check at settlement. </li></ul><ul><ul><li>Your bank can issue either a certified or a cashier’s check for you. Make check payable to Attorney or Title Company. Call Attorney/Title Company approximately 24 hours before scheduled settlement for amount due a settlement. </li></ul></ul><ul><li>_____ Attend Final Settlement: </li></ul><ul><ul><ul><li>Date ______________ Time _______________ </li></ul></ul></ul><ul><ul><li>Bring any documentation asked for by the Mortgage Company, Attorney/Title Company or your Real Estate Agent. Also remember your certified check and personal checkbook. Please bring a valid photo ID or Drivers License. </li></ul></ul>Buyer's Checklist
  6. 9. <ul><li>_____ W-2 (2 Years) & One Month Current Pay Stubs </li></ul><ul><li>_____ Landlord Name and Address – 2 Years </li></ul><ul><li>_____ Employer Name and Address – 2 Years </li></ul><ul><li>_____ Purchase Agreement: Patterson Schwartz Real Estate </li></ul><ul><li>_____ Bank Name, Account Numbers and Balances </li></ul><ul><li>_____ Bank Statements – Most recent 3 Months, all accounts </li></ul><ul><li>_____ 12 Months cancelled checks for Mortgage or Rent Payments </li></ul><ul><li>_____ Check for Appraisals, Credit Report and Rate Lock </li></ul><ul><li>_____ Self Employed – Last 2 Years tax returns with all schedules, YTD and P & L Statement </li></ul><ul><li>_____ Green Card for Resident Aliens </li></ul><ul><li>_____ Social Security Card and Driver’s License </li></ul><ul><li>_____ Legal Description (FHA/VA) Patterson Schwartz Real Estate </li></ul><ul><li>_____ Certificate of Eligibility (VA) </li></ul>Information Needed at Settlement
  7. 15. <ul><li>First Things First </li></ul><ul><ul><li>Emotionally prepare your family for the move </li></ul></ul><ul><ul><li>Contact moving companies and compare rates </li></ul></ul><ul><ul><li>Gather important documents and valuables together in one place for special transport </li></ul></ul><ul><ul><li>Notify the Post Office of your address change </li></ul></ul><ul><ul><li>Notify the phone company and other utilities of disconnect date </li></ul></ul><ul><ul><li>Notify all publications of your new address well in advance so there will be no interrupted service </li></ul></ul><ul><ul><li>Photograph each room before you start to pack </li></ul></ul><ul><ul><li>Inventory all of your belongings: include the date you purchased each item, the original cost and the current value </li></ul></ul><ul><ul><li>Arrange to have school records and transcripts forwarded. Close out accounts with local banks and businesses </li></ul></ul><ul><ul><li>Ask your Doctor and Dentist for referrals in your new city </li></ul></ul><ul><ul><li>Arrange for temporary accommodations, if necessary </li></ul></ul><ul><ul><li>Contact Utility companies in the new city and arrange to have services turned on by moving day </li></ul></ul>Countdown to Moving Day
  8. 16. <ul><li>Four Weeks Prior to Moving Day </li></ul><ul><ul><li>Go through every room in the house and check the garage – Sort into groups of trash, sell, give away and pack </li></ul></ul><ul><ul><li>Make travel reservations for your family and your pets </li></ul></ul><ul><ul><li>Hold a garage sale…. Donate to local charity… </li></ul></ul><ul><ul><li>Begin using all perishable food, donate what you can’t use prior to moving day </li></ul></ul><ul><ul><li>Collect packing materials (Boxes, Newspapers, Tape etc.) </li></ul></ul><ul><ul><li>Begin packing the least essential items </li></ul></ul><ul><li>Two Days Prior to Moving Day </li></ul><ul><ul><li>Wash all laundry </li></ul></ul><ul><ul><li>Pack suitcases for the trip </li></ul></ul><ul><ul><li>Prepare “necessity” boxes to be opened first at the new house </li></ul></ul><ul><ul><li>Begin using all perishable food, donate what you can’t use prior to moving day </li></ul></ul><ul><ul><li>Empty and clean out refrigerator, leave door propped open to completely dry </li></ul></ul><ul><ul><li>Unplug televisions </li></ul></ul><ul><ul><li>Drain water from appliances and gasoline from all garden tools </li></ul></ul><ul><ul><li>Finish Packing </li></ul></ul>Countdown to Moving Day
  9. 17. <ul><li>Moving Day </li></ul><ul><ul><li>Fill an ice chest with soft drinks and snacks </li></ul></ul><ul><ul><li>Make sure every item has been tagged or marked </li></ul></ul><ul><ul><li>Take a final walk through each room, checking to ensure that closets and cupboards are empty </li></ul></ul><ul><ul><li>Direct movers </li></ul></ul><ul><ul><li>Turn off all lights </li></ul></ul><ul><ul><li>Close windows and lock doors </li></ul></ul><ul><li>Your new HOME – Moving In! </li></ul><ul><ul><li>Be on time to accept delivery! Payment may be required before unloading can begin </li></ul></ul><ul><ul><li>Post your floor plan on the entry door to direct placement of furniture </li></ul></ul><ul><ul><li>Guide movers as they unload boxes and check each item off your inventory list </li></ul></ul><ul><ul><li>Make the beds for a good night’s sleep – You certainly deserve it </li></ul></ul>Countdown to Moving Day
  10. 18. <ul><li>Electric Companies </li></ul><ul><li>Chop Tank Electric Cooperative Inc (Galena) (877) 892-0001 </li></ul><ul><li>Delmarva Power (800) 275-7117 </li></ul><ul><li>Heating Oil Companies </li></ul><ul><li>Alger Oil Inc. (410) 378-2530 </li></ul><ul><li>Benjamin Oil Company (410) 287-6116 </li></ul><ul><li>Hillside Oil Company (410) 398-2146 </li></ul><ul><li>Perryville Oil Company (410) 642-6626 </li></ul><ul><li>Southern States Cooperative (410) 398-2181 </li></ul><ul><li>Walker Oil Company (410) 658-6005 </li></ul><ul><li>Wilson Fuel Service (410) 398-2249 </li></ul><ul><li>Propane Gas Companies </li></ul><ul><li>Allied Propane Gas (410) 392-9602 </li></ul><ul><li>Amerigas (410) 398-1500 </li></ul><ul><li>Boulden Inc. (410) 398-9060 </li></ul><ul><li>Conowingo Gas (410) 378-3200 </li></ul><ul><li>Elkton Gas Service (410) 398-4626 </li></ul><ul><li>Heritage Propane (800) 483-5336 </li></ul><ul><li>Kirkwood Gas (410) 287-2900 </li></ul><ul><li>Television-Cable, CATC & Satellite </li></ul><ul><li>Armstrong Cable Services (800) 524-5505 </li></ul><ul><li>Atlantic Broadband (800) 441-7060 </li></ul><ul><li>Comcast Digital Cable (888) 266-2278 </li></ul><ul><li>Direct Digital TV (800) 481-6922 </li></ul><ul><li>Direct Satellite TV (800) 203-4860 </li></ul><ul><li>Tristate Cable Company (302) 322-7060 </li></ul><ul><li>Telephone Companies </li></ul><ul><li>Armstrong (Rising Sun Area) (410) 658-5511 </li></ul><ul><li>Comcast (410) 378-5800 </li></ul><ul><li>Sprint (800) 877-4646 </li></ul><ul><li>Verizon (410) 954-6260 </li></ul><ul><li>Trash Removal Companies </li></ul><ul><li>Corron’s Trash Removal (410) 287-4790 </li></ul><ul><li>Independent disposal Services (877) 642-5400 </li></ul><ul><li>TriState Waste Solutions (410) 398-4320 </li></ul><ul><li>Above data compiled January 2007, names and numbers are subject to change. The above company names were provided ONLY AS A COURTESY LIST AND ARE NOT INTENDED TO BE A SOLICITATION OR A REFERRAL. Patterson-Schwartz Real Estate and its agents make no preferences to any company. Buyers and sellers are aware and advised that they must choose the company to provide or perform any service for their real estate transaction and ARE NOT TO SOLEY RELY ON THE ABOVE LIST OF MERCHANTS. </li></ul>Contact List for Buyers and Sellers
  11. 19. <ul><li>Appraisers </li></ul><ul><li>Key Realty Inc (410) 398-1247 </li></ul><ul><li>Northern Bay Appraisal Company (410) 392-9290 </li></ul><ul><li>Ulrich & Ulrich Appraisals. (410) 392-9290 </li></ul><ul><li>Settlement </li></ul><ul><li>Ardent Title Company (410) 996-9780 </li></ul><ul><li>Baker, Thomey & Emrey PA (410) 398-3536 </li></ul><ul><li>Bayside Title (410) 620-4100 </li></ul><ul><li>Conestoga Title (410) 392-5777 </li></ul><ul><li>Karolyn Bowe, Attorney (410) 398-3106 </li></ul><ul><li>Key Title (410) 459-0908 / (410) 392-6662 </li></ul><ul><li>RGS Fountainhead Title (443) 967-0030 </li></ul><ul><li>Sherrad Title Company (410) 398-0111 </li></ul><ul><li>Sharon Walla, Attorney (410) 398-3346 </li></ul><ul><li>Home Inspectors </li></ul><ul><li>Accredited Home Inspection & Radon (410) 398-5572 Amerispec (302) 996-0403 </li></ul><ul><li>Bayside Services Home Inspection (410) 658-0665 </li></ul><ul><li>Brighterside Home Inspections (410) 275-1260 </li></ul><ul><li>Liberty Home Inspection (443) 466-8007 </li></ul><ul><li>Mold & Mildew Testing (443) 309-2128 </li></ul><ul><li>Susquehanna Inspection Services-radon Testing (410) 939-2948 </li></ul><ul><li>Lead Inspectors </li></ul><ul><li>All American Home Inspection Services (302) 737-2070 </li></ul><ul><li>American Home Inspections (302) 395-9596 </li></ul><ul><li>Amerispec (302) 996-0403 </li></ul><ul><li>Baltimore Lead Testing (800) 930-1234 </li></ul><ul><li>Latgis Home Inspections & Environmental Services (410) 515-3016 </li></ul><ul><li>Ross A. Gibson, Inspector (410) 287-3582 </li></ul><ul><li>Mortgage Lenders </li></ul><ul><li>Chase Manhattan Mortgage (800) 780-6962 </li></ul><ul><li>Countrywide Home Mortgage (800) 279-5199 </li></ul><ul><li>Gilpin Mortgage Skip Smith (302) 733-7055 </li></ul><ul><li>International Mortgage Company (800) 268-9513 / (800) 901-0842 </li></ul><ul><li>Peoples Bank of Elkton (410) 996-2265 </li></ul><ul><li>Wells Fargo Home Mortgage (410) 620-2227 </li></ul><ul><li>Trash Removal Companies </li></ul><ul><li>Corron’s Trash Removal (410) 287-4790 </li></ul><ul><li>Independent disposal Services (877) 642-5400 </li></ul><ul><li>TriState Waste Solutions (410) 398-4320 </li></ul><ul><li>Above data compiled January 2007, names and numbers are subject to change. The above company names were provided ONLY AS A COURTESY LIST AND ARE NOT INTENDED TO BE A SOLICITATION OR A REFERRAL. Patterson-Schwartz Real Estate and its agents make no preferences to any company. Buyers and sellers are aware and advised that they must choose the company to provide or perform any service for their real estate transaction and ARE NOT TO SOLEY RELY ON THE ABOVE LIST OF MERCHANTS. </li></ul>Contact List for Buyers and Sellers
  12. 20. <ul><li>Home Owners Insurance </li></ul><ul><li>Erie Insurance (410) 398-6700 </li></ul><ul><li>Carl J. Meil (410) 329-8100 </li></ul><ul><li>Liberty Mutual (410) 638-1390 </li></ul><ul><li>Nationwide (410) 642-2173 </li></ul><ul><li>Septic Tank Cleaning Companies </li></ul><ul><li>Boulden Inc (410) 378-9060 </li></ul><ul><li>Don Haffner Plumbing & Septic Service (410) 642-2800 </li></ul><ul><li>JR’s Septic Service (410) 275-2647 </li></ul><ul><li>McCarthy’s & Son Septic Service (410) 398-9153 </li></ul><ul><li>Queen Bee’s Honey Pots (410) 620-4200 </li></ul><ul><li>T W Birney Services (410) 398-8600 </li></ul><ul><li>Septic Inspectors </li></ul><ul><li>Amerispec (888) 522-6374 Kirkendall’s (800) 690-5711 </li></ul><ul><li>Kirkwood (800) 537-8055 </li></ul><ul><li>Latgis Home Inspections & Environmental Services (410) 515-3016 </li></ul><ul><li>Liberty Home Inspection (443) 466-8007 </li></ul><ul><li>Reliable Home Inspection (410) 392-2200 </li></ul><ul><li>Termite Inspectors </li></ul><ul><li>APM Termite and Pest Control (410) 398-4378 </li></ul><ul><li>Kirkendall’s Pest Control (888) 939-5711 </li></ul><ul><li> Kirkwood Pest Control (410) 275-2822 </li></ul><ul><li>Orkin Termite & Pest Control (410) 398-2423 </li></ul><ul><li>Olewine’s Termite & Pest Control (410) 392-6104 </li></ul><ul><li>Terminex International (800) 203-4860 </li></ul><ul><li>Water Service </li></ul><ul><li>Newark Electric and Water (302) 366-7085 </li></ul><ul><li>Wilmington City Water (302) 571-4295 </li></ul><ul><li>United Water (302) 633-5900 </li></ul><ul><li>Artesian Water (302) 453-6900 </li></ul><ul><li>Water Analysis </li></ul><ul><li>Aardvark Labs/Water Testing Labs (410) 287-2413 </li></ul><ul><li>Kirkendall’s (800) 690-5711 </li></ul><ul><li>Kirkwood Pest Control (800) 557-8055 </li></ul><ul><li>Latgis Home Inspections (410) 515-3016 </li></ul><ul><li>Northeastern Environmental Assessments (410) 392-7837 </li></ul><ul><li>* PLEASE NOTE THAT INSPECTION COMPANY’S SERVICES MAY VARY. </li></ul><ul><li>* ADVISE THE COMPANY OF THE SERVICES YOU ARE IN NEED OF. </li></ul><ul><li>Above data compiled January 2007, names and numbers are subject to change. The above company names were provided ONLY AS A COURTESY LIST AND ARE NOT INTENDED TO BE A SOLICITATION OR A REFERRAL. Patterson-Schwartz Real Estate and its agents make no preferences to any company. Buyers and sellers are aware and advised that they must choose the company to provide or perform any service for their real estate transaction and ARE NOT TO SOLEY RELY ON THE ABOVE LIST OF MERCHANTS. </li></ul>Contact List for Buyers and Sellers
  13. 21. <ul><li>Duplicate Keys </li></ul><ul><li>Have duplicate keys made and keep them in convenient places so that small children who lock themselves in the bathroom or other rooms can be freed promptly. When you take a vacation, leave a key with a trusted neighbor. If you forget to attend to something before you leave, or if an emergency arises, your neighbor may be able to help you </li></ul><ul><li>Deadbolts </li></ul><ul><li>Install deadbolt locks on all doors with access to the outside. By having a locksmith or security specialist come to your home and make an evaluation, you can determine the degree of security you would like to have. </li></ul><ul><li>Smoke Detectors </li></ul><ul><li>Install smoke detectors on every level in your home and check their alarms once a month. Change the batteries at least twice a year – when you change the time on your clocks. </li></ul><ul><li>Chimney Inspection </li></ul><ul><li>Have your chimney professionally inspected and cleaned, if necessary, at least once a year to remove soot and flammable creosote. A clean chimney will prevent a buildup of dangerous carbon monoxide gas in the home. Always use a screen on your fireplace. Only burn materials designed for a fireplace. Put ashes in metal containers and remove them from inside of the house </li></ul><ul><li>Fire Extinguishers </li></ul><ul><li>You should purchase at least one fire extinguisher for every level of the home. Family members should be familiar with their locations. Have them checked annually to be sure they are fully charged. Be sure that you and your family know how to turn off the electricity, gas and water in the event of an emergency. </li></ul><ul><li>Carbon Monoxide Detectors </li></ul><ul><li>For maximum protection, two carbon monoxide detectors are recommended per household; one located in the furnace room and the other near sleeping areas </li></ul>Keeping Your Home Safe and Secure

×