www.candcgroupmn.com Cari Ann Carter 612-926-9999 carianncarter@edinarealty.com Stephanie Chandler 612-599-7107 stephaniechandler@edinarealty.com Information deemed reliable, but not guaranteed.
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NOTES
www.candcgroupmn.com Cari Ann Carter 612-926-9999 carianncarter@edinarealty.com Stephanie Chandler 612-599-7107 stephaniechandler@edinarealty.com Information deemed reliable, but not guaranteed.
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CARI ANN AND STEPHANIE
After 20 years of independently assisting our clients with their life transitions, we are making one of our own. In order to better service the people we help every day, we have decided to join forces. We know we can provide a much higher level of service to you by combining our resources. We come together united, with a shared philosophy of putting our clients first. Regardless, of where you are in life transition, whether that be purchasing your very first home or downsizing to your last, we are here to support and advise, with the experience to help you through every step. We believe strongly in providing people with the knowledge that empowers them to make the best decision possible in personal transition, while working within their comfort zone. In unifying our business, we bring over sixty years in experience, with over 300 million in transactions with over 1,000 closed transactions to our name.
www.candcgroupmn.com Cari Ann Carter 612-926-9999 carianncarter@edinarealty.com Stephanie Chandler 612-599-7107 stephaniechandler@edinarealty.com Information deemed reliable, but not guaranteed.
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CARI ANN, STEPHANIE, AND NANCY Cari Ann Carter Realtor and Co Team Owner Cari Ann Carter loves real estate and the process assisting you with whatever life transition you are in. She has an undisputed reputation for excellence in listing and selling all types of real estate. The art of negotiation is what she is all about. Her philosophy is centered around supporting you as the client. Her team is in super growth mode and the partnership that she has formed has created a platform to provide you the very highest level of service.
Stephanie Chandler Realtor and Co Team Owner The art of real estate is what Stephanie conveys and her tremendous eye for design proves it. As a 3rd generation realtor, this business is as innate as raising her family. She enjoys the process of transition with each and every client she works with. Whether it be your very first home or your dream build, she has the experience and dedication to get the job done!
Nancy Chapman Realtor Nancy is a true success story in the real estate community. She has committed over 40 years to Edina Realty, which undoubtedly shows her love for this company and business. As a devote mother and grandmother, her time is spent counseling, advising and supporting her clients every day. She is excited about this partnership and ready to put her many years of service to work for you.
www.candcgroupmn.com Cari Ann Carter 612-926-9999 carianncarter@edinarealty.com Stephanie Chandler 612-599-7107 stephaniechandler@edinarealty.com Information deemed reliable, but not guaranteed.
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MEET THE C & C TEAM
Siobhan Tidmarsh Buyer Agent Director & Client Liaison Siobhan handles client management, social media, marketing, and buyer agent representation work. She is energetic and has a contagious laugh. She is also a Senior Dance Instructor at Rince na Chroi, originally from Milwaukee, Wisconsin and enjoys traveling.
Gunther Wersal Buyer Agent Gunther Wersal came to Minneapolis in 2007, moving from his southern Minnesota hometown population of 750 to attend the University of Minnesota. Passionate about meeting new people the move to the ?big city?was a natural fit. Gunther got involved in the fast paced world of sales and has sold everything from cars to kitchen knives, and now homes. He spends most of his free time with friends, visiting the many breweries and comedy clubs of the Twin Cities.
Anita Pfeifer Listing-Transaction and Closing Coordinator
Ron Clerici Realtor and Master Electrician
Nancy?s husband Ron is a welcome addition to our growing team. As a master Anita handles listings, transactions, electrician and realtor of 20 years, you can and closing coordination. She is the imagine Stephanie and Cari Ann?s foundation of the office, keeping track excitement to have Ron?s help preparing of our team and the clients transactions your home for market. Ron works from start to finish. Originally from tirelessly every day, to support the team Minnesota, she enjoys spending time and you as we advise, prepare, and stage with her family and volunteering for each and every home we represent for our MOPS International. clients. Ron is a tremendous resource to assist in getting this done.
Robert McEachren Buyer Agent & Staging Coordinator Robert is your guide to a stylish home, with his natural talent and keen sense for color, pattern, texture, scale and symmetry. He knows how staging accentuates a home?s best features and down plays its flaws, ensuring it shows well and makes a good first impression. Creating a luxurious vision for prospective buyers. ?Staging is Life and makes a house a future dream home!?
Sarah Becker Social Media & Marketing Director Sarah is currently a student at the University of St. Thomas, majoring in Communication and Journalism and minoring in marketing. She enjoys time with her family and friends especially at her cabin. She works at a salon, along with being a top Irish dancer at Rince na Chroi School of Irish dance.
STEPHANIE CHANDLER Given Stephanie Chandler?s tenacity in real estate, the third- generation Greater Minneapolis REALTORÂŽ appreciates that her grandmother, Lori Bush, blazed a fresh real estate trail more than 60 years ago. ?She started in commercial, not residential and would walk through sites in three-inch stiletto heels!? says Stephanie. Twenty years later, Stephanie?s mother, Nancy Chapman, entered the business, followed by Stephanie, who forged her own outstanding path to success during real estate?s most tumultuous time in recent history. Early in her career, Stephanie contentedly sold a few homes a year while a full-time mom of two little girls. But an unexpected opportunity drew her into real estate full-time. ?The market hit bottom in 2008 and 2009,? she says. ?One day my mom called saying she had a lead from a New York man relocating to Minnesota with his family.? He was willing to pay a monthly rent of $10,000. ?That kind of rental simply didn?t exist here, but he didn?t want to buy during unstable times.? says Stephanie. After extensive research and networking with agents whose listings sat idle, she found a rental that fit the client?s needs. That deal changed everything. Stephanie soon began concentrating on rentals, amazed that other agents wouldn?t touch them. In addition to the excitement of building her career, she reaped rewards when the market recovered and her solid base of clients was ready to buy. Since then, her business has grown substantially, year over year. ?My willingness to take a chance helped me transition to my own completely separate, independent business.? Although many of her clients are on the higher end, Stephanie loves first-time buyers. She takes time to fully educate every client on process and expectations. ?I give buyers the knowledge to make smart decisions and I spend time with sellers to ensure their homes are market-ready,? she says. Those efforts usher in transactions such as two recent contracts Stephanie closed quickly after other agents listed them unsuccessfully. For each, she managed decluttering and staging. ?I pay for professional photography and some of the prep and staging,? says Stephanie. Once a home is ready, Edina Realty?s targeted online marketing and networking puts the homes in front of agents and ideal buyers. The brokerage?s Exceptional Properties membership means agents have special insights, tools and resources to help people buy or sell their homes,
including the ability to network with thousands of other agents before listing. ?Because of this, we get the top agents in an area to view a listing,? says Stephanie. ?I have had agents looking for a client in Edina who came to an open in Linden Hills (just a few miles away) that fits everything they were searching for! We expose agents to listings that they may have otherwise overlooked.? It?s no surprise that Stephanie?s clients become good friends and that other REALTORSÂŽ look to her for guidance. ?My clients know they are well cared for and I feel so fortunate to be able to share all I?ve learned with other agents,? she says, adding that she has already mentored six agents and plans to work with many more. In doing so, she does not try to clone herself. ?It?s exciting to watch each agent discover what makes their own business work and to see them grow in their unique way.? There?s enough business for everyone and having a greater number of good agents out there benefits the entire industry, says Stephanie. ?I?m blessed that my mother encouraged me to grow in real estate and that I embraced a unique opportunity that came my way,? she says, adding that she feels all woman should find careers that inspire, impassion and encourage them to obtain financial independence. It?s a mindset she shares with her own daughters. Stephanie cherishes life with her husband and daughters, who are 11 and 16. She regularly involves them in volunteer work, which includes volunteering for the Catholic schools they attend and supporting Habitat for Humanity and Feed my Starving Children. ?I instill in my children that social justice is a huge part of life,? she says. ?We look for opportunities to give back.? Much is given to us in life, she says, but much is expected, too.
To learn more about Stephanie Chandler of Edina Realty 50th & France call 612-599-7170 or email stephaniechandler@edinarealty.com Copyright Top Agent Magazine
CARI ANN CARTER
Copyright Top Agent Magazine
FAQ's How many houses is it necessary to view before the right house is found? Typically 8-10 houses are viewed before the right one is found. How long does it take to look at a house? The first viewing takes about 15 minutes. How many times does a buyer need to see a house before an offer is written? It takes only one time. What is the difference between a city inspection and a buyers?inspection? Some municipalities require a city inspection for safety issues. A buyers?inspection is done typically 3-5 days after the purchase agreement is accepted. It is paid for by the buyer to be used by the buyer. Is agency disclosure necessary? Yes, agency disclosure is necessary. All buyers and sellers need to know who has their fiduciary interest. What alternatives are there following a buyers?inspection? 1) Accept the condition of the house as seen. 2) Cancel the purchase agreement. 3) Accept a financial set- tlement. 4) Have the seller make repairs or replacements prior to closing. What is earnest money? When is it written? When is it cashed? How much money is it? Earnest money is a pledge to close on the property. It is written at the time of the purchase agreement. It is cashed upon acceptance of the purchase agreement and is credited at closing as part of the down payment. The buyer loses the earnest money if they do not perform as stated in the purchase agreement. Earnest Money Examples: Purchase Price Earnest Money $250,000-$350,000 $3,000 $350,000-$500,000 $5,000 $500,000+ $10,000+ $10,000+ What are typical examples of personal property? Some typical examples of personal property are refrigerators, stoves, washers and dryers, window treat- ments, and microwaves. How many times can a buyer come back to view the house? As stated in the standard purchase agreement, only once, at the time of the final walk-through.
FAQ's What kind of work can a buyer do on a property prior to closing? None. A buyer prior to closing can do no work on a property. What is the difference between arbitration and litigation? When are they used? Arbitration is used when all parties agree on the purchase agreement to settle any differences after closing via this means rather than the courts. An attorney may or may not be used. Litigation is done through the courts and an attorney is typically used. What is the difference between closing and possession? Closing is when the legal transferring of title takes place and monies are exchanged. Possession is when the buyer has the right to move in. They are not always the same. Does a buyer attend closing? A buyer does not necessarily attend closing. What is title insurance? Title insurance protects the mortgage company against any clouds or liens on the property not detected prior to closing. A separate policy needs to be taken out for the buyer. What is the role of a closer? The role of the closer is to facilitate the paper work from the lender, the purchase agreement, monies, and recording duties necessary following the closing. How important is a loan officer? Does it matter what mortgage company they are with? The loan officer is the person who prepares the loan application to be reviewed by the underwriters. Their ability to understand the needs of the buyer and to frame a mortgage to meet those needs is very important. A Realtor representing a buyer gets paid in what manner? A Realtor representing a buyer gets paid by the seller . Can the terms of the finance addendum be changed after signing? Yes, but only when mutually agreed upon by the buyer and seller Can possessions be moved in prior to closing? No possessions can be moved in prior to closing. How painful is the buying process? The buying process should not be painful in the least.
STEPS TO BUYING A HOME Step 1: Pre-qualifying - Buyers are asked to meet with a qualified loan officer Step 2: Initial Buyers' Consultation - This 30-45 minute meeting is held to inform buyers of the buying process, introduce the parties to one each other and see how they work together, and learn the needs of the buyer regarding style, features, neighborhoods, price, conditions, and terms. Step 3: The Grand Tour - A block of time is arranged, about three hours in which the buyers and Cari Ann can visit neighborhoods, see different style houses, view condition properties, and see what the buyers' dollar can buy them in the predetermined buying range. At the conclusion of this tour, is a brief meeting in which Cari Ann will summarize how the buying needs of the clients are being perceived. All parties discuss the working outline that will be designed for their buying needs. A buyer representation agreement is signed at the conclusion of this meeting. Step 4: The buying outline is carried out in a timely manner. Step 5: Buyers obtain a pre-approval letter by the lender of choice. Step 6: Purchase agreement is written, Cari Ann will present the offer, offer is accepted, and an inspection is made on the property. Step 7: Loan is processed and approved. Step 8: Final walk through of the purchased property 24 hours before closing. Step 9: Closing Step 10: Moving Day
www.candcgroupmn.com Cari Ann Carter 612-926-9999 carianncarter@edinarealty.com Stephanie Chandler 612-599-7107 stephaniechandler@edinarealty.com Information deemed reliable, but not guaranteed.
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RESOURCES Money Matters- the most important part of financing is your knowledge of the options available. Consider the following questions as a basis for determining your financing needs. - How much mortgage can I afford? - What down payment is needed? - What is the difference between pre-qualification, pre-approval and approval? - What interest rates are available? - What is mortgage insurance and is it required? - What type of documentation will I need? - How do 15- vs. 30- year terms compare? - What are points and do I pay them? - What is the difference between a fixed rate mortgage and adjustable rate mortgage? - What closing costs will I incur? - What is being locked-in? - How long will the mortgage process take? - What is included in a mortgage payment? - What would the payments be? - What would the payments begin? www.candcgroupmn.com Cari Ann Carter 612-926-9999 carianncarter@edinarealty.com Stephanie Chandler 612-599-7107 stephaniechandler@edinarealty.com Information deemed reliable, but not guaranteed.
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MAKE YOUR MORTGAGE THE RIGHT FIT Mortgages to meet everyone?s needs. These summaries will help you narrow your search. Adjustable Rate Mortgage A mortgage, which allows the lender to adjust the mortgage's interest rate periodically on the basis of changes in a specified index. Interest rates may move up or down, as market conditions change. The change in interest rate will result in a change in the periodic payments due under the mortgage. ARMs are attractive when short-term interest rates are trending lower. Balloon Mortgage Usually a short-term fixed rate loan that involves small payments for a certain period of time with the balance due in a single, large payment at a time specified in the contract. Whenever the balloon mortgage becomes due, the entire unpaid balance is due. Generally, the homeowner must either refinance or sell the property. Buy-Down The payment of extra money on a loan now so as to provide a lower interest rate over either a given period or over the life of the loan. To buy-down a mortgage, the buyer pays additional points to the lender, which will decrease the interest rate for a specific period. Construction Loan A structured, short- term loan to provide funds necessary to begin construction on buildings or homes. Conventional Mortgage A mortgage loan made by an institutional lender without the inclusion of government guarantees such as VA or Federal Home Loan Mortgage Corporation (FHLMC) The Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company that is the largest national supplier of home mortgage funds. It is commonly known as Freddie Mac. The company buys mortgages from lending institutions, pools them with other loans, and sells shares to investors. Detailed information may be found at http://www.freddiemac.com. Federal Housing Administration (FHA) An agency of the federal government, the Division of the Department of Housing and Urban Development, both sets standards for the underwriting of private mortgages and insures residential mortgages made by private lenders. Federal National Mortgage Association (FNMA) The U.S.'s largest supplier of mortgages to home buyers and owners, a corporation established by Congress and owned by stockholders. It is commonly referred to as 'Fannie Mae,' this government-sponsored enterprise is chartered by Congress. This federally chartered agency buys mortgages from lending institutions, pools them with other loans, and sells shares to investors. Detailed information may be found at http://www.fanniemae.com
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MAKE YOUR MORTGAGE THE RIGHT FIT Fixed-Rate Mortgage The interest rate you pay and the monthly principal and interest payments are agreed upon from the outset and will not change throughout the entire term of the mortgage. Government National Mortgage Association (GNMA) A government-owned corporation within the U.S. Department of Housing and Urban Development, it is also referred to as 'Ginnie Mae,?.This government agency guarantees the payment of principal and interest on all of its pass-through securities, and its guarantee is backed in turn by the full faith and credit of the U.S. Government. Graduated Payment Mortgage (GPM) A mortgage that usually starts the borrower with low payments that are gradually increased over five to ten years, before leveling off for the remainder of the term of the loan until the loan is fully amortized. Negative amortization usually occurs until the payment reaches the level payment stage. Usually government insured loans (VA or FHA) Growing Equity Mortgage (GEM) This is a long-term mortgage whereby the borrower agrees to increase his payment each year by an agreed amount. The added money per payment is applied directly to the outstanding principal on the mortgage. The mortgage thereby is paid off in a shorter number of years. Reverse Annuity Mortgage (RAM) A type of mortgage where the property's equity serves as security for periodic payments made by the lender to the borrower. Mortgage is generally paid out upon the sale of the property. Rollover Mortgage (ROM) A mortgage where the payments are only guaranteed for three, four, or five years. The borrower is allowed to re-finance at the end of the term at the interest rate then applicable. Shared Appreciation Mortgage (SAM) It is a loan arrangement where two or more parties participate in the purchase of real estate and share the appreciation and tax deduction. Similar to shared equity mortgages. Veterans' Administration Loans Mortgage loans to veterans by banks, savings and loans, or other lenders that are guaranteed by the Veterans' Ad-ministration, enabling veterans to buy a residence with little or no money down. Wraparound Mortgage A secondary financing option in which a new larger mortgage is created to encompass the first mortgage. This large second mortgage is used to preserve the low interest rate on the first mortgage for a potential buyer
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Exceptional Clients Deserve Exceptional Marketing and Representation.