RE/MAX Results complete buyers guide. Whether you are a first time home buyer or a seasoned veteran in home purchasing...this guide will give you a complete through understanding of the home buying process. If you are in the Greater Kansas City area and are remotely interested in Real Estate...this is a must have!
This is a Very Detailed Listing Presentation about the Short Selling Process and Why it is important to proceed with a knowledgeable agent when faced with a mortgage you can no longer afford. If you want to meet with us on a personal level, please contact us at American Way Real Estate 407-701-7416. Mention Facebook and we will give you a $100 gift certificate that you can redeem for cash at closing. Have a blessed day.
This is a Very Detailed Listing Presentation about the Short Selling Process and Why it is important to proceed with a knowledgeable agent when faced with a mortgage you can no longer afford. If you want to meet with us on a personal level, please contact us at American Way Real Estate 407-701-7416. Mention Facebook and we will give you a $100 gift certificate that you can redeem for cash at closing. Have a blessed day.
This workshop will help you gain a basic understanding of how the homebuying and home financing process works. So you’ll know what to expect and be better able to make informed decisions.
Dodd frank act impact on seller financing for investorsRichard Roop
In this month’s Ultimate Training Webinar we will be covering “Dodd Frank Acts Impact on Seller Financing for Investors” and when you attend you will learn:
•How the Safe Act and Dodd-Frank will affect seller financing going forward
•Who is the Consumer Financial Protection Bureau (CFPB) and what is the Dodd-Frank Act?
•How to safely grow your business in spite of the new Dodd-Frank Act
•How to properly use the ultimate strategy and be in compliance with the Dodd-Frank Act
•What is the difference between the SAFE Act and the Dodd-Frank Act
•How to Thrive as a Real Estate Investor Under the SAFE Act!
•What you MUST know to use seller carry-back from here on out!
What is a Short Sale?
Have you already defaulted?
What Options are available?
Do you fear defaulting on your Mortgage?
LEARN your options from professionals in the field of lending, real estate, and foreclosure prevention.
UNDERSTAND tax penalties and other consequences of loan default, loan modification, or bankruptcy, the difference between a short sale and a foreclosure, and much more!
Did you know you may be eligible to receive money back from the bank at the close of your Short Sale?
The basics of the loan purchase and sale process is relatively straight forward, but like any transaction, the devil is in the details. Following are eight steps involved in the purchase and sale of loan assets followed by a discussion of the most common pitfalls to avoid throughout the transaction.
So its the time for you to buy your first home and you need a mortgage. In this seminar learn about all of the options for a mortgage, and how you can qualify for a loan. We will cover all of the details and answer your questions. If you are a professional, this is the perfect seminar to help your customer learn about the mortgage loan process and we can customize it to your needs. Just contact us for details.
http://turnkeyinvesting.com - This seller-financing/owner-financing presentation was first created in late 2007 during a special 3-hour session of the Investors Roundtable. I also gave an abbreviated version of this presentation in 2009.
The slides were much wordier than I had intended and meant as a reference afterwards.
This workshop will help you gain a basic understanding of how the homebuying and home financing process works. So you’ll know what to expect and be better able to make informed decisions.
Dodd frank act impact on seller financing for investorsRichard Roop
In this month’s Ultimate Training Webinar we will be covering “Dodd Frank Acts Impact on Seller Financing for Investors” and when you attend you will learn:
•How the Safe Act and Dodd-Frank will affect seller financing going forward
•Who is the Consumer Financial Protection Bureau (CFPB) and what is the Dodd-Frank Act?
•How to safely grow your business in spite of the new Dodd-Frank Act
•How to properly use the ultimate strategy and be in compliance with the Dodd-Frank Act
•What is the difference between the SAFE Act and the Dodd-Frank Act
•How to Thrive as a Real Estate Investor Under the SAFE Act!
•What you MUST know to use seller carry-back from here on out!
What is a Short Sale?
Have you already defaulted?
What Options are available?
Do you fear defaulting on your Mortgage?
LEARN your options from professionals in the field of lending, real estate, and foreclosure prevention.
UNDERSTAND tax penalties and other consequences of loan default, loan modification, or bankruptcy, the difference between a short sale and a foreclosure, and much more!
Did you know you may be eligible to receive money back from the bank at the close of your Short Sale?
The basics of the loan purchase and sale process is relatively straight forward, but like any transaction, the devil is in the details. Following are eight steps involved in the purchase and sale of loan assets followed by a discussion of the most common pitfalls to avoid throughout the transaction.
So its the time for you to buy your first home and you need a mortgage. In this seminar learn about all of the options for a mortgage, and how you can qualify for a loan. We will cover all of the details and answer your questions. If you are a professional, this is the perfect seminar to help your customer learn about the mortgage loan process and we can customize it to your needs. Just contact us for details.
http://turnkeyinvesting.com - This seller-financing/owner-financing presentation was first created in late 2007 during a special 3-hour session of the Investors Roundtable. I also gave an abbreviated version of this presentation in 2009.
The slides were much wordier than I had intended and meant as a reference afterwards.
Hvad er godt håndværk indenfor software udvikling? - Og hvad betyder software craftsmanship egentlig?
På dette café-møde giver Nino sin vinkel på hvad det vil sige at være en software craftsman, og hvorfor det er vigtigt for også din organisation.
EBHE - Γενική Συνέλευση 5/2/2016 - Δρ. Ευφροσύνη Γιαμά (Εργαστηριακό Διδακτικό Προσωπικό στο Τμήμα Μηχανολόγων Μηχανικών Α.Π.Θ.): Σκοπιμότητα χρήσης ηλιακών συστημάτων στον ξενοδοχειακό τομέα: Η συμβολή του στην αναβάθμιση του τουριστικού προϊόντος.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Re max results buyers guide
1.
2.
3.
4.
5. Page 2Chapter 1
Remember that there are several factors that affect your credit report including your payment history, your
current ratio of debt to income and signs of responsibility and stability. And since not all creditors report to all
three agencies, it's best to order a report from all three institutions. Your goal in ordering all three credit
reports is to make sure that all of the information stated on each report is accurate and correct.
If there are any discrepancies on your credit report, it's important that you contact the rating agencies and
have those records corrected. This will help you avoid hassles later on.
The average credit score in the United State is 689. (October 2012)
Exceptional
Above 780
Great
740-780
Good
690-740
Fair
620-690
Low
Below 620
HOW DOES YOUR SCORE RATE?
Experian
www.experian.com
1.888.397.3742
TransUnion
www.transunion.com
1.800.888.4213
Equifax
www.equifax.com
1.888.766.0008
If at all possible, you should avoid
making a major purchase or changing
your job if you're seriously considering
buying a home in the next few
months. This may negatively effect
your credit score.
What not to do
Step 2:
Take a close look at your credit report.
Your credit history is one of the principal measures used by a
lender to determine your interest rate. The better your credit, the
better lending terms your bank or lending institution will be able
to offer you. A higher interest rate translates into a higher monthly
mortgage payment, and so your credit score will directly affect
how much money you can borrow and at which homes you
should be looking.
You should be aware of what information is on your credit report
by obtaining and reviewing copies of your credit report from the
three main credit report agencies.
6.
7. Page 4Chapter 2
Know Your Loan Types
Not all home mortgages are structured the same. There are several borrowing options for home buyers and
the type of loan that you choose should work for your unique financial situation.
Fixed Rate (Traditional) Loan
These loans are usually structured with repayment terms of 15, 20 or 30 years. The lender will agree to charge
a fixed interest rate over the life of the loan. With this loan type, your monthly mortgage payments will remain
the same for the length of the term.
Adjustable-Rate Loans (ARMs)
Also known as variable-rate loans, ARMs often offer a teaser rate for the initial period of the loan. This
introductory interest rate is usually lower than rates offered for fixed rate mortgages. The interest rate will
fluctuate over the life of the loan based on market conditions. Changes in rate happen at certain time periods,
and the lender can set both a maximum and minimum on the rate of fluctuation.
For their work, brokers are paid a fee in addition to the lender's origination fees. Brokers set their own
compensation, so you'll need to ask anyone you speak to how their fees are determined.
Even if you decide to work with a
traditional lender, ask if a broker is
involved. Many financial institutions act as
both lenders and brokers, so you should
ask if a broker is involved on any loan you
are offered.
It's always a good idea to check out the
reputation of any lender you consider
working with. The National Association of
Mortgage Brokers or the Better Business
Bureau can tell you if a lender is in good
professional standing.
Mortgage Broker vs. Traditional Lender
A broker may have access to several lenders and
therefore can offer you a wider selection of loan
products and terms. He or she can help you shop
for the best deal based on your circumstances. (A
Broker is not obligated to find you the best deal
possible, so be sure to ask questions.)
Know Your Lender
Home loans are available to consumers from thrift
institutions – commercial banks, mortgage
companies, credit unions and mortgage brokers.
You may also obtain a loan through a mortgage
broker. A mortgage broker is unlike other lenders in
that the broker does not lend money to you directly.
A broker will help find you a lender and secure the
terms of your arrangement.
When considering your financing options, you'll want to review many different things about the loans offered
to you. In this section you'll find a basic overview of home loan features and the things you should consider as
you shop for a lender or loan.
KNOW YOUR MORTGAGE
Chapter 2
8.
9. Page 6Chapter 2
Certain fees, like the broker's fee or the amount of points assessed on a loan are negotiable. It never
hurts to ask your lender if they can get you a better deal.
Sometimes lenders lump fees together. You can ask for a break down of that lump.
For better understanding, ask your broker or lender to quote you a dollar amount – rather than just
a number – on any points you are being charged on the loan.
Never hesitate to question a fee that you don't understand. Your lender should give you a thorough
explanation and make sure that you know what you're paying for.
Know Your Fees
Most loans have fees in addition to the total amount you are borrowing to finance your home. You can
sometimes borrow the money needed to cover these fees, but that will obviously increase the overall
amount of debt you undertake. Some fees are paid up front, and others are not due until closing.
Points
The lender or broker can charge you points on your mortgage. One point equals 1 percent of the loan
amount. These are simply fees paid to the lender or broker that are often linked to the interest rate, and are
usually paid in cash to the lender or broker at closing. A lender may offer you a lower interest rate, but
charge more points, so it's important to compare offers.
Loan Origination Fees
The institution that actually loans you the money will generally charge on origination fee for processing the
loan. They are often expressed as a percentage of the amount of the loan.
Underwriting Fees
Certain lenders will charge a fee to investigate your creditworthiness and determine if you are likely to
repay your loan.
Broker Fees
Typically paid at closing, a mortgage broker may charge you a fee in addition to the origination fee. If you
are working with a broker, be sure to check with them what their fee is.
Transaction / Settlement / Closing Costs
These fees lump together several charges for: application fees, title examination, abstract of title, title
insurance, property survey fees, deed preparing fees, other mortgage fees and settlement documents,
attorney fees, recording fees, notary fees, appraisal fees and credit report fees. The Real Estate Settlement
Procedures Act requires that a lending institution provide a borrower with a good faith estimate of closing
costs at the time of application. This estimate must list each expected cost as a range or as an exact
amount where applicable.
10.
11.
12.
13.
14. Chapter 5Page 11
Don't hesitate to ask questions.6
When you find a property you like we can plan on visiting it at different times of the day.5
Keep a folder with flyers or print-outs on properties that you've viewed.4
Bring a notebook, pen and / or digital camera with you as you search.3
Don't be put off by interior decorations – they can and will be changed.2
We don't want to view too many properties in one day.1
Here are some great tips to keep in mind when you're viewing
properties in person:
That's the average
number of houses a
homebuyer will look
at before they
choose one.
15Home shopping can be both exciting and exhausting but doing some
preparation before you hit the street to look at homes will help out
tremendously.
Schedule Showings
It's time to get out and see some of the houses you've been looking at
in person. We will compile a list of the properties you've found as well
as options I've found of similar properties on the local Multiple Listing
Service (MLS).
LET THE
SHOWINGS BEGIN!
Chapter 5
15.
16. Chapter 6Page 13
As a buyer, you will be in a better negotiating position if:
• You have been pre-approved for a mortgage
• You are not selling a house at the same time
• You have not loaded your offer with other contingencies
When you make an offer on a house, you should be prepared for the negotiations to go back and forth several
times before both parties agree to the terms. You might also have to compete with other interested buyers in
certain market conditions.
When an agreement is reached on all issues, and both the seller and you as the buyer have signed the offer, you
are both under a legally binding contract.
When you've found a home that you're interested in, it's time to make an offer. As your buyer agent, I will draw
up a contract with your offering price and necessary contingencies into a formal contract.
You will want to review this document carefully and make sure it states your terms exactly. If the offer is
accepted by a seller, this contract will become a legally binding agreement.
In addition to an offer contract, you will need to provide earnest money as well as
a letter from your lender indicating your qualification to purchase.
Earnest Money typically equals roughly 1% - 3% of the property purchase price. You will not be at risk of losing
your earnest money as long as you do not default on your contract. The amount will be credited towards the
purchase price of the house at closing.
After you've made your offer, the seller will be able to:
1. Accept your offer
2. Reject your offer
3. Execute a counter offer
In most cases, a seller will not accept your initial offer outright. Typical counter offers include
modifications to:
Purchase price
Closing date
Possession date
Inclusions
MAKING AN OFFER
Chapter 6
17.
18. Chapter 7Page 15
Step 2: Clearing the Home Title
Simply explained, "title" is the right to own, possess, use, control and dispose of property. When you buy a
home, you are actually buying the seller's title to the home. A deed is the written legal evidence that the
seller has conveyed his or her ownership rights to you.
Before the closing meeting when the actual transfer of ownership occurs, an attorney or title specialist
generally conducts a title examination. The purpose of the title examination is to discover any problems
that might prevent you from getting clear title to the home. Generally, title problems can be cleared up
before settlement. But in some cases, severe title problems can delay settlement, or even cause you to
consider voiding your contract with the seller.
Some "clouds on title" can be corrected relatively easily while others can become quite complicated to
remove. You should insist on being kept informed of every step in the title examination process. If title
problems are uncovered, it is important for you to understand your legal rights.
What is Title Insurance?
Title insurance is the best way to protect yourself against title defects that have occurred in the past, which
may not appear until after you've taken ownership of the property.
Before a title insurance policy is issued, a title report is prepared based on a search of the public records.
This report gives a description of the property, along with any title defects, liens, or encumbrances
discovered in the course of the title search. It is different than casualty insurance in that you pay a one-
time fee and it protects against past (as opposed to future) events.
Title insurance will protect you against title defects that were not discovered in the course of the title
search. If such a defect were discovered later, your title insurance would cover you. If title problems are
severe enough and not covered by insurance, you could actually lose your house. A title insurance policy
protects you and your heirs against title defects for as long as you own your home.
Step 3: Getting an Appraisal
Once you have determined that there are no defects on title and all inspection concerns have been
resolved, it is time to order an appraisal.
An appraisal is an estimate of the value of a property made by a qualified professional. The appraisal of
your prospective home is as important as your credit history in obtaining a mortgage. After all, the
property you are purchasing serves as the collateral for the loan.
Although the primary goal the appraisal is to justify the lender's investment, it also protects you from
overpaying. Your lender will generally hire the appraiser and will charge you as the buyer a fee for the
service. If the appraisal falls short of the amount you wish to borrow you may be refused a mortgage or
offered a smaller amount on the mortgage. Your offer contract will be contingent on whether the
appraisal comes in at or above the purchase price you and the seller have agreed upon.