The Monarch Group Buyers Guide

BUYER’S presentation

Kentuckiana

Welcome to The Monarch Group, where exceptional real estate experiences await you. Founded with a focus on personalized service, we are dedicated to turning your dreams into reality. Led by visionary leaders with a background in auctions and real estate, we understand and address the financial stress associated with property transactions As part of our family, you'll receive unwavering support from start to finish and beyond, ensuring a seamless journey to your ideal home Discover the difference with The Monarch Group and embark on a rewarding path to homeownership, where your needs and aspirations take center stage.

M I S S I O N

At The Monarch Group, our mission is to connect individuals and families with their ideal homes by offering the most desirable properties that align with their dreams and aspirations We are a team of dedicated local real estate professionals committed to providing exceptional service and extensive knowledge of the area to ensure a seamless and rewarding real estate experience

V I S I O N

Our vision is to be the premier choice for individuals and families seeking real estate solutions We aim to create lasting relationships with our clients, built on trust, transparency, and personalized assistance Through our dedication and expertise, we strive to be the go-to resource for all their real estate needs

V A L U E S

At The Monarch Group, we value integrity, professionalism, and a customer-centric approach Our core principles are founded on honesty, transparency, and the highest standards of ethical conduct We are passionate about delivering outstanding service, going above and beyond to exceed expectations, and guiding our clients towards making informed decisions that enrich their lives and future

B R O K E R E D B Y

Buying with theMonarchGroup

You've made the decision to buy a home. It's an exciting step, but to ensure you find the perfect property and make the most of your investment, it's essential to begin by discussing your goals, motivations, and creating a clear timeline and comprehensive plan for the buying process with us.

WeareCommittedtohelpingyou andyourfamilyinthebuyingprocess.

To Guide You from Start to Purchase

Conduct thorough research in your desired area, delivering a comprehensive market analysis to help determine the right property and negotiating strategy

Provide recommendations for potential property improvements and maintenance based on buyer preferences

Offer a trusted network of service providers to assist you throughout the buying process.

Ensure swift presentation and response to property listings, keeping your needs at the forefront during negotiations

Help you make informed decisions to secure a satisfactory purchase

To Provide Professional, Dependable Service

Commit to all dealings with utmost good faith.

Maintain timely communication via email, texts, and phone calls.

Act in accordance with your instructions and represent your interests faithfully.

Meet all deadlines and adhere to important dates to facilitate a smooth buying process

TELL US YOUR goals

What is your timeline?

What investment are you prepared to make? Is any of this investment gifted?

How long have you been looking? Have you worked with another agent?

What are your plans for this house in the next 5 years?

Have you seen any properties you like already?

TELL US YOURdreams

Describe your ideal home:

What would you consider comprising on when purchasing?

Are there any items that are “deal breakers” for you?

Tell me a little about your lifestyle.

Is there anything we need to know? (Requirements, Needs, Etc?)

Client Testimonials

Alex and Elizabeth were so amazing throughout our home buying process! We appreciate all of their hard work and are so happy with our new home What I really appreciate is that they treat you like family, they were always prompt in answering all of our questions, and made the process as smooth as possible. I highly recommend

Alex Degg and The Monarch Group!

She has not only been our agent she has gone above and beyond her job by always being there for any questions/concerns/problems that we had, promptly answering questions and/or getting us the help that we needed. Recently, I had a tax question that she helped me solve and also needed a referral for a contractor, which she gave me a great referral She helped us through a difficult deal with the seller of our now dream house She really is the hardest worker I have ever met I would highly recommend her to anyone

“What I really appreciate is that they treat you like family, they were always prompt in answering all of our questions, and made the process as smooth as possible.”

"Elizabeth not only helped us buy our first house but we also used her to help us sell that first house and buy our dream home."

We understand that homeownership is the American dream, and that it’s one of the most important steps that we will take in life. We don’t sell homes or provide mortgage loans, but we provide title insurance and settlement services when one purchases a home. If you are not sure whether to buy or rent, consider the information below which shows the amount of rent you might pay over the course of 30 years and the economic disadvantages it has when compared to buying

RENT 5 YEARS 10 YEARS 15 YEARS 20 YEARS 25 YEARS 30 YEARS

RENT BUY

N N N N N

No interest payment deductions

Rental amount may increase at any time

Landlord approval needed for any changes

No capitalization; your money disappears forever

Rental is temporary and is often subject to 30 day’s notice

N N N N N

Excellent deductions for your mortgage interest paid Mortgage payments could be fi xed

Decorate and make changes, without prior approval

The value of your property will probably increase in time Your house will become a home, not a temporary living situation; you are not at the mercy of a landlord

If you decide to purchase a home, our knowledgeable professionals are ready to meet your specific needs today, and we do it with a level of service and friendliness that is hard to beat in this industry.

The English Law Group, P.S.C.

Cherokee Title Co , Inc

10213 Linn Station Rd Ste 2 Louisville, KY 40223

O: 502-425-8717 | F: 502-429-6291

www EnglishLawGroup com

office@englishlawgroup com

Buyers Roadmap

Initial Consultation

This initial step involves recognizing your readiness and desire to purchase a property, whether it's a home or an investment property.

Offer Accepted

Once both parties agree on the terms, the seller accepts your offer. This marks a significant milestone, and you move closer to finalizing the purchase.

Begin Closing Process

The closing process involves inspections, appraisals, and various paperwork. It culminates in the transfer of ownership, and you'll receive the keys to your new property at the end of this step.

Get Pre-Approved

Before searching for properties, secure a mortgage pre-approval. This step helps you understand your budget and signals to sellers that you're a serious and qualified buyer.

Negotiate Contract

You'll discuss and potentially adjust various terms, including price, closing date, and contingencies.

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Property Search

Begin the exciting phase of viewing properties that match your criteria. Work closely with our team to explore options within your budget and desired location.

Make an Offer

When you find a property you love, your agent will help you draft and submit an offer to the seller. This offer includes the proposed purchase price and terms.

For Buying a Home

BUYER CONSULTATION

Meet with you to determine your housing needs and budget. Help you explore your financing options by guiding you to qualified and excellent mortgage lenders

02.

PRE-APPROVAL PHASE

We recommend speaking with a loan officer before you begin looking for homes. You need to know what you can afford before you fall in love with a home that is potentially out of your price range.

Employment

Address for two full years

Gross monthly income

W-2's, if available

Proof of pensions, retirement, disability, or social security

Proof of child support or alimony paid/received

Year-to-date pay stub

Self-Employment (If Applicable)

Two years of 1040 tax returns

Current year profit and loss statement

Creditors

Each creditor’s name, address, and type of account

Account numbers

Monthly payments and approximate balances

Amount of child care expenses

Banking

Names and address of saving institutions

Account numbers for all accounts

Type of account and present balances

Miscellaneous

List of assets, stocks, bonds and land

Life insurance cash value

Copy of sales contract (If selling home)

Social Security number for all parties

Veteran-certificate of eligibility and DD-214

Cash or check to pay for application fee

PROPERTY SEARCH

Maintain a constant search of homes for sale on the Multiple Listing Service (MLS).

Contact For Sale by Owners and Builders as appropriate on your behalf.

Schedule appointments for you to have access to the home you are interested in seeing Accompany you to all property showings & provide you with as many details as possible for showings.

MAKE AN OFFER

Construct an Offer to Purchase Contract that will represent and protect your interests Fairly negotiate the differences you and the seller have about your offer by presenting an objective, third party point of view Disclose all known facts that would affect the transaction and your interest.

celebrate

Get your keys and buying your home

BUYYOUR HOMEWITH PUORGHCRANOMEHT

05.

NEGOTIATE CONTRACT

Maintain your absolute confidentiality. Handle any and all complications that occur throughout the buying process

06.

OFFER ACCEPTED

07.

CLOSING PROCESS

We will coordinate the closing process, managing all the details and paper work, while keeping you in the loop. You will benefit from our transaction coordinator, who will track and monitor every phase of the inspection, title report, appraisal and lending pro-cess, and complete the close with the least amount of hassle to you

D I S C U S S I O N C H E C K L I S T

Purchase Price

Earnest Money

Closing Costs

Personal Property

Financing Type

Pre-Approval

Closing Date

Financing Contingencies

Home Warranty Inspection Period

Response Deadline

WHAT YOU NEED TO KNOW

Inspections BUYYOUR HOMEWITH PUORGHCRANOMEHT

TYPESOFPOTENTIAL INSPECTIONS

Home Inspection

Radon Testing

Wood-Destroying Organism (WDO) Inspection

Mold Inspection

Foundation Inspection

HVAC Inspection

Lead Based Paint Inspection

RECOMMENDATIONS

It is important to have a home inspector check for any major defects in the home, non-functional systems and appliances, and safety issues that could be associated with these items. Major Defect Examples: Structural Problems or Damaged Roof. Functionality of Systems: Electrical, Plumbing, HVAC

Inspectors also will point out minor problems that deal more with maintenance issues and low-cost concerns

The typical inspection period is between 10-15 days

It is critical that we begin scheduling the inspections you choose to have done as soon as we are under contract on your potential new home. This will ensure that we do not run out of time or have any delays in the process.

Buy Tip: Repair Negotiations

CLOSING CHECKLIST

PRIOR TO CLOSING:

Home Inspection

Pest Inspection

Radon Inspection

Appraisal

Repairs Finalized

Home Warranty Ordered

Utilities Scheduled to Transfer

Final Loan Approval

Cashier’s Check for Downpayment

Driver’s License or ID Photo

Home Owner’s Insurance Policy Ordered

FINAL WALKTHROUGH

This is typically done within two days of closing, or even on the day of We will go through the home with you to ensure it is in the same condition as the day we had contract acceptance and to see that all repairs were done (if there were any).

“I had the pleasure of working with Elizabeth Monarch, and I couldn't be happier with the experience. She understood my needs, provided invaluable market insight, and made the entire home buying process smooth and stress-free. Elizabeth's professionalism, responsiveness, and negotiation skills were exceptional, and I highly recommend her to anyone in search of a dedicated and knowledgeable real estate agent who truly goes above and beyond to make homeownership a reality.”

TECHNOLOGY KNOWLEDGE RELIABILITY TEAMWORK TRACK RECORD

We Promise to Do What It Takes

Our dedicated and well-organized team aims to reduce days on the market, ensuring a quick and financially responsible sale, with above-average list-to-sale prices, potentially saving you thousands of dollars

Buyer Mistakes to Avoid

NOT GETTING PRE-APPROVED

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Failing to obtain a mortgage pre-approval before house hunting can lead to disappointment and wasted time Pre-approval helps you understand your budget and strengthens your offer's credibility.

SKIPPING THE HOME INSPECTION

Skipping a professional home inspection can be costly. It's essential to uncover potential issues that could be hidden, such as structural problems or hidden damage.

NEGLECTING HIDDEN COSTS

Be aware of additional costs like property taxes, homeowners association fees, insurance, and maintenance. Not budgeting for these can strain your finances.

RUSHING THE PROCESS

Rushing to buy a property without careful consideration can lead to regrets Take your time, do your research, and don't feel pressured to make quick decisions.

OVERSTRETCHING YOUR BUDGET

Avoid buying a home that stretches your budget to the limit. Leave room for unexpected expenses or changes in your financial situation

WHEN LISTING WITH THE MONARCH GROUP WE WILL MAKE SURE THAT COMMUNICATION LEVELS ARE HIGH AS THAT WILL INCREASE THE SMOOTHNESS OF THE TRANSACTION WE WILL KEEP YOU UPDATED WITH ALL RELEVANT INFORMATION ON THE PURCHASE OF YOUR NEW HOME

WHEN YOU WORK WITH US, YOU GET:

An experienced real estate agent with expertise in the buying and selling process from start to finish Proven strategies to get you the dream home you desire. An allied partner looking out for you and your new home throughout the buying process

Expertise in negotiating, home search, auctioning and buying your home within your price range

"Elizabeth is wonderful! As first time homebuyers moving from out of state, we were clue- less! And we were so lucky to have Elizabeth by our side. She has such a great knowledge of her town and all the personalities of the neighborhoods. She helped us find our perfect house in the best neighborhood for us. The process was painless! 4 years later, Elizabeth helped us sell that starter house. Again, painless. And it was sold in less than a week. You won’t find a nicer person or a harder worker."