AS Buyer's Guide

home-BUYING with confidence Anne

Scruggs,

Real

Estate

Broker

245 Lakeview Drive, Represented the Seller (above) 618 N. Boylan Avenue #508, Represented the Seller & Buyer (front cover)

CONTENTS 1.

Partnering with Anne

2.

The Process

3.

The Search

4.

The Offer

5.

The Costs

6.

The Details

7. The Moving Checklist 8. The Resources 9. Getting Started *Interior and exterior photos in this report were taken at Anne's recent listings.

hey, there!

My clients are the reason why I love selling real estate in the Greater Raleigh area. Whether you are buying or selling, living here now or new to the area, I am here to help you every step of the way.

REALTOR® for 26 years Staging and Marketing Expert Accredited Buyer Representative BHHS Luxury Home Specialist Lifelong Raleigh Resident

Anne Douglass Scruggs RESIDENTIAL REAL ESTATE BROKER

FIVE YEAR LEGEND AWARD Chairman's Circle Gold Award for the Top 2% of BHHS National Network 2016-2019, 2021 Accessible, Creative and Detail Oriented Dependable and Easy Going with a High Level of Integrity Skilled Negotiator and Problem Solver B.S. in Interior Design with a minor in Business/Marketing, Meredith College Hayes Barton United Methodist Church Board of Trustees, 2020-2024 Meredith College Alumni International Travel Program

Classic. timeless. bespoke.

"Before I stepped foot in a home, Anne made sure I knew of all the paperwork and terminology I would see or hear throughout the process. She works diligently and always makes herself available to answer questions."

Tiffany

Preddy

THE PROCESS So you want to buy a home; here are the steps.

1. INITIAL CONSULTATION Discuss buyer needs, priorities and timeline.

Explore financing options and get pre-approved.

Review the home buying process in NC.

2. START LOOKING

3. MAKE AN OFFER

Once we know your wants and

We will review disclosures,

needs, I'll set up a search to keep

property information,

you updated on listings. We'll

comparable sales and terms

review neighborhoods and begin

when you are ready to make

showings to find your new home.

and negotiate a strong offer.

4. UNDER CONTRACT

5. CLOSE AND MOVE

Once your offer is accepted, I will

We'll review the closing

guide you through the due

documents, meet for the walk

diligence period towards

through and attend closing.

closing day (inspections, survey,

Keys become available once

appraisal and more).

the deed is recorded.

1572 Village Glenn Drive Represented the Buyer & Seller

WHAT TYPE OF HOUSE? A new build, a fixer upper, a newly renovated home? Knowing whether you would prefer a condo, townhouse, or single family home will help us to narrow the search.

YOUR LIFESTYLE Will you drive to work? Are there good bike routes?

Is walking to school important? Give some thought to how the commute in an area may or may not work for you.

COMMUNITY AND AMENITIES Consider whether an area has recreation centers, good schools, libraries, restaurants and grocery stores. Are there vibrant coffee shops, boutique stores, or home improvement stores?

How about neighborhood events? What is important to you in a community?

Rooftop Pool at West Condominiums Represented the Seller

The search Whether looking for a lot, new construction or an existing house, our search may include: Multiple Listing Service For Sale by Owners BHHSYSU Office Exclusives BHHSYSU App On-line Collaboration Center Open Houses Networking

What & Why

Create a list of approximately 5 - 7 features you want included in your next home.

Next to each feature, write the reason for each one.

Circle 3 non-negotiables.

Note: It's ideal for each decision maker to create their own "What & Why" list.

the offer You've found your dream home; let's make an offer.

PREPARE THE OFFER I will provide you with an up-to-date Comparative Market Analysis, and will draft an offer that contains the following terms: PRICE The price you are willing to pay for the property.

DUE DILIGENCE FEE & PERIOD Non-refundable deposit paid directly to the seller for a negotiated period of time to conduct inspections and start the loan process. This period typically ranges from 0 30 days. The buyer can terminate the contract for any reason or no reason during the due diligence period. The fee applies to purchase price if you do not terminate.

INITIAL AND/OR ADDITIONAL EARNEST MONEY Initial Earnest Money is due at or within 5 days of contract and held in escrow. It is refundable until the end of the due diligence period. If offered, Additional Earnest Money is due at a negotiated date and must in the form of a certified bank check.

SETTLEMENT, CLOSING & POSSESSION Select settlement date, keeping in mind that there is a 7-day grace period. Closing documents are signed at the Settlement. Closing occurs when all monies are received and the deed is recorded. Possession takes places once the deed is recorded unless there is a possession agreement in place.

FIXTURES AND PERSONAL PROPERTY TO CONVEY A list of fixtures is listed on the offer to purchase form. These items are attached to the house and are expected to convey. For example, curtain rods/blinds, the kitchen range and bathroom mirrors are all considered fixtures. Buyers must request personal property items such as the washer, dryer and refrigerator on the offer.

FINANCING Be prepared to provide proof of funds and/or a letter from your mortgage lender with your offer. You must disclose if you need to sell a property before you can close on a new one.

The Costs Before you buy, know your numbers.

Earnest Money & Due Diligence Fee Depends on Contract (both apply towards purchase)

Credit Report Survey Appraisal Fee Other Lender Fees

$30-$50 $500 +/$400 - $750 $600 - $1000

Attorneys Fees

$500+ (Cash) $875+ Mortgage)

Title Insurance

See Lender for Quote

Including Title Search) Others fees may apply (see attorney)

Private Mortgage Insurance (if LTV ratio is over 80%)

See Lender for Quote

Inspections

General $350 - $600 Radon $150+ Pest $125+ Septic $250+ Well $100+

Hazard Insurance

See Insurance Agent

Recording Fees

35 - $145

Interim Interest

See Lender for Quote

HOA Fees

See HOA for info

Property Taxes

See County Tax Website

Brokerage Flat Fee

$250

(as needed or requested)

"Anne supported us through the entire process, remaining a calm and steady presence. She masterfully negotiated, advised and handled all inspections since we were not yet living in the area."

Kristen

Sousa

the details Should I get a survey?

Yes, a survey is recommended when buying a detached house or townhome. The closing attorney orders the survey if requested.

Should I conduct home inspections?

Yes, a home inspection, HVAC inspection, radon test, termite, etc. are recommended as needed.

What is a home warranty?

A home warranty is a service contract that can protect your budget from unexpected costs, such as home systems and appliances that may fail due to normal wear and tear.

Will we conduct a walk-through prior to closing?

Yes. I recommend conducting a walk-through just prior to closing.

Do I need to attend closing?

Closing in person is preferred; howelver arrangements can sometimes be made for a "mail away closing."

When will I get the keys?

Once the deed is recorded, unless there is a possession agreement.

245 Lakeview Drive at Lake Trace Represented the Seller

the resources I've been giving tours, providing information and making sure my clients have "whatever" they need since my days as a student hall advisor at Meredith College. Back then the "whatever" on moving-in day was likely a cup of water, roll of tape or directions.

Today, the "whatever" is the white glove service, attention to detail and the negotiation skills I provide my buyers and sellers. I listen, solve problems and share my most trusted resources from my personal network and the BHHS full suite of optional services (see below).

We are proud members of a remarkable global network and thrive on helping buyers and sellers whether around the corner, across the country of anywhere in the world.

MOVING CheckLiST Congrats on your new home! Some moving tips to get you started.

6- 8 WEEKS BEFORE

4-6 WEEKS BEFORE

Take household inventory; decide what will move with you and what will go.

Contact utilities, post office and service companies and provide dates of move.

Hiring a moving company? Time to ask around, compare, and book.

Collect and store important documents and records yourself.

Start a contact list and start sending new address notifications.

Obtain boxes and begin packing. Label for content and destination.

TWO WEEKS BEFORE Arrange for babysitter on moving day if necessary.

If moving on your own, reserve a moving truck or trailer.

Keep packing!

TWO TO THREE DAYS BEFORE Clean refrigerators and freezer.

Finalize moving arrangements.

Pack a box of items you'll need right away at your new home.

Pack up garage or shed- it can take longer than expected.

Pack computer and all electronic devices.

MOVING DAY Do a final walkthrough and check outside of old home.

Check cupboards and closets.

Make list of repairs needed in new home.

Unpack essentials, then tackle everything else.

"We are in the perfect house, in the perfect location for our family. It appears Anne knew us almost better than we knew ourselves. She is patient, intuitive, tactful, and her proactive attention to detail make it easy for us to think of Anne Scruggs as simply one of the best realtors out there."

Tonya

Fingerhut

Let's get started Call or email me today!

For home buying tips and new listings, follow me on Instagram. @AnneDouglassScruggs

Anne Douglass Scruggs RESIDENTIAL REAL ESTATE BROKER

919.271.0295 Anne.Scruggs@bhhsysu.com AnneScruggs.bhhscarolinas.com