Home Buyer Information - if you are buying a home, read this!

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Planning to buy a home soon? Read this important information about home buying in Texas. Where do you start? How do you view houses? Do you need a home inspection? Everything you need to know is right here....and the North Texas Top Team, Realtors is here to help.

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Home Buyer Information - if you are buying a home, read this!

  1. 1. Coldwell Banker® Home Buyer Information North Texas Top Team, Realtors Coldwell Banker Jane Henry Realtors GLOBAL NETWORK ©2009 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated.
  2. 2. Meet the North Texas Top Team Melissa Hailey, Broker/Associate Realtor, CRS, SFR, TAHS 214-418-0180 Melissa.Hailey@ColdwellBanker.com Donna Barkley, Realtor Buyer Specialist 214-674-0051 donnafbarkley@gmail.com Cynthia Medina, Realtor Buyer Specialist 956-312-4125 realtorcmedina@gmail.com Se habla espanol Coldwell Banker Jane Henry Realtors does not endorse any one service provider. We have compiled the list below for your convenience. Our previous clients have been happy with the people listed below. You may choose someone from this list or any other provider that you prefer. Mark Pfeiffer Highlands Residential Mortgage 972-898-2595 Mark.Pfeiffer@HighlandsLoans.com Baron Cook Lawyers Title 972-442-3541 BaronCook@ntnlaw.com Mike Mairs Real Estate Mortgage Network (214) 796-6090 mmairs@remn.com Krista Snuggs Republic Title Company 972-423-8777 ksnuggs@republictitle.com GLOBAL NETWORK Matt Dunlap Dunlap Home Inspections 214-725-0605 dunlaphomeinspection@hotmail.com Tammi Burgee Fidelity National Home Warranty 214-732-5999 tammi.burgee@fnf.com Lee Warren Prospect Inspectors, Inc. (469) 682-0341 Lee@ProspectInspectors.com Jennifer Kuczaj OneGuard Home Warranty (940) 736-1945 j.kuczaj@oneguardhw.com
  3. 3. North Texas Top Team Changing Lives, One Home at a Time Team Sales Stats  Over 60 transactions previous 12-months  Consistently the Top Selling Team in Wylie  Consistently the Top Selling Team at our office  Multi-Million Dollar Producers  Members of the Coldwell Banker Sterling Society  Ranked in the Top 100 for all Coldwell Banker agents in Texas Associations & Affiliations  Member of National, Texas, and Collin County Associations of Realtors  Board of Directors Collin County Association of Realtors  Member of the Council of Residential Specialists  Graduate of the Texas Realtor Leadership Program  Broker/Associate is a founding member of the North Texas Top Team GLOBAL NETWORK
  4. 4. Why use a Realtor who holds a designation? Realtors® who hold one or more specific designations are pre-qualified for your real estate needs. They have completed advanced training in real estate and have a proven track record. Each designation or certification requires continuing education, and many require participation in annual renewal education classes, some even require a consistent sales record each year. A Realtor® who invests in the advancement of their career will be more knowledgeable about local real estate trends and will be able to better assist you with your real estate needs. The North Texas Top Team Realtors agents have the following designations and certifications: Council of Residential Specialists CRS Designees are pre-qualified for your real estate needs, they have completed advanced training in residential real estate and have a proven track record of sales transactions required to earn the CRS Designation. Less than 4% of real estate agents nationwide earn this designation yet they are involved in 26% of all real estate transactions. Short Sale & Foreclosure Resource According to a recent NAR survey, nearly 1/3 of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS ® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities. The SFR Realtor can help both buyers and sellers navigate these complicated transactions. Texas Affordable Housing Specialist The certified Texas Affordable Housing Specialist designation is offered by the Texas Association of Realtors, this program provides in-depth knowledge of the resources and products available to Texans that make homeownership more affordable in the state. To become a Texas Affordable Housing Specialist, Texas Realtors participate in 12 hours of training on topics of interest to affordable-housing buyers, such as lowcost financing programs, opportunities for first-time buyers, short-sale procedures and the impact of green building on housing affordability. GLOBAL NETWORK
  5. 5. Buying Your New Home How we help you live your dreams Before you view homes for sale  Complete a Buyer Representation Agreement which allows us to represent you and your best interests throughout the home buying process. Read and sign the attached Information About Broker Services form.  Contact a mortgage professional and get pre-qualified for a loan. This process will allow you to determine the correct price range for your budget. It’s important to understand the financial information so that you can make an informed decision.  Receive a prequalification letter from the mortgage professional. This letter will be submitted to the home seller when you find the perfect home.  Determine that you have enough money saved for your down-payment and closing costs (including pre-paid insurance, taxes, title fees, appraisal, and more). Finding the right home  Develop a “wish list” of items you would like in your next home. Prioritize those features to better assist you in finding the perfect home.  Determine which neighborhoods or areas of town you are interested in. Consider the schools, amenities, area expansion, safety, and commuting time.  Allow the North Texas Top Team, Realtors to create a customized search for you through the MLS which will automatically email you when a home that fits your needs becomes available. GLOBAL NETWORK
  6. 6. Personal tour of homes  After on-line review of the homes available that meet your needs, narrow the list of possible home choices. We will then schedule appointments to personally tour those homes that best meet your needs with you.  As you look at each home, note the specific items you like or don’t like about each property and continue to compare/rank them against each other to narrow down your favorites.  Take good notes. You will want to refresh your memory about the top 3 home choices at the end of the day.  Determine which home is the best fit for you and your family. Making an offer  The North Texas Top Team, Realtors will gather comparable sales data for the home you are planning to buy. Based on this information, a written offer to purchase the home will be made. A copy of your pre-qualification letter will be included with this offer.  As your agent, we will negotiate with the home seller on your behalf and help you get the best price possible for your new home.  After both the buyer and seller agree to terms, our agents will “execute” the contract. The contract is sent to the lender and the title company so that everyone can work to get you moved into your new home. GLOBAL NETWORK
  7. 7. The next steps  Your lender will request supporting documents from you to finalize your loan. Providing these documents quickly will ensure your file moves smoothly through the process. Some documents will be updated just prior to closing, so plan to keep these items together for easy access.  Schedule and attend your home inspection. Your home inspector will go through your new home and provide you with detailed information and a report showing you any areas of concern. This is usually done soon after an accepted contract.  If any repairs are needed, we will assist you in negotiating with the home seller & their agent. We are also happy to provide referrals for contractors as needed (HVAC, plumbing, carpet, paint, handyman, etc).  Choose and order a home warranty. Your home warranty will protect you and your family during the first 12-months of home ownership for many items that may need future repairs. Your home warranty can be extended annually if desired.  Choose your home owner insurance carrier. We recommend that you contact your agent that provides your auto insurance or life insurance as you may get a multiple policy discount. We do recommend that you gather more than one rate quote for comparison.  Schedule a moving company and utility services (electric, water, gas, phone, cable, security, etc).  Begin packing. Schedule a closing date & time.  Attend closing and get the keys to your new home! GLOBAL NETWORK
  8. 8. Any Questions? We thank you for the opportunity to serve you at this time. If you have any real estate related questions, please call Melissa Hailey at 214-418-0180. GLOBAL NETWORK

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