Buyer's Packet

BUYER’S PRECONSULTATION

“We Make Your Realty Dreams A Reality”

Agent Profile: Blake Jessee  From: Cypress, Texas – Lived all over Houston while growing up  School: Bachelors Degree in AgriEconomics, at Texas A&M University, Class of 2017  Standouts: Understanding of the market due to educational background, promptness regarding my response time, client relations, and much more.  Available: 24/7 to you and your family  Agent of the Month November, 2017 & August, 2018

Blake Jessee Keller Williams Metropolitan Cell: 713.594.6912 blake@homeswithcrossroads.com

www.homeswithcrossroads.com

 Agent with Keller Williams Realty Keller Williams Houston Metropolitan Office with 620 Agents Largest Real Estate Company in the world. 174,000 Agents in 24 Countries Worldwide  Ignite Graduate—a 4 week intensive program designed to ensure the highest level of customer experience  Graduated from Texas A&M with Honors  2X BOLD Graduate—an 8 week program shaped to share models & systems that boost real estate companies service

 Short Sale and Foreclosure Specialists

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com| www.homeswithcrossroads.com

YOUR GUIDE TO BUYING A HOME

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

Buyer Information Personal Information First Name(s)___________________________________________________________ Last Name(s) __________________________________________________________ Current Address_________________________________________________________ Phone Number(s) _______________________________________________________  Email Address(es) _____________________________________________________ Birthday(s) ____________________________________________________________  Pets____________________________

Children____________________________

Real Estate Experience Why are you wanting to buy a home? _______________________________________ ________________________________________________________________________ Have you ever bought or sold a house before?

Yes ( )

No ( )

Where and how long ago?_________________________________________________ Do you need to sell a house before you purchase your next? Yes ( ) Are you currently renting/leasing? Yes ( ) No ( )

No ( )

 If yes, when does your lease end? _________________________________________ How soon would you like to purchase your next home? _________________________

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

Top-5 Must-Haves

Top-5 Must-Haves While there are many important steps throughout your journey to purchase your next home, the top-5 must-haves are among the most vital. Please keep in mind that there is no such thing as a perfect house, if a home possesses 3 or 4 of your top-5 musthaves I will likely encourage you to consider submitting an offer.

1)____________________________________ 2)____________________________________ 3)____________________________________ 4)____________________________________ 5)____________________________________

General Home Wish List Bedrooms________ Bathrooms________ Square Footage _________ Stories ________ Type of House (Townhome, condo, single family) _______________ Resale ( )

New Construction ( )

Area(s)_________________________________

_______________________________________________________________________ Other__________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

STEP 1: Obtain Financing Why do you want to be pre-approved?  It is important to speak with a loan officer because they will help you determine how much house you can afford to buy. We do not want to shop for homes before your know how much you can afford.  Being pre-approved before beginning to house hunt will ensure that when we find the home for you, your financing will already be in order. This will increase the chances of your offer being accepted.

What will you need in order to get pre-approved?  Contact the loan officer of your choice or feel free to use one of our recommended vendors very (last page).  Items needed:  Social Security Number  Monthly Gross Income  Assets Owned (401K, Investments, property owned)  Mortgage or Rental History  Past 2 Years of W2s After the information has been collected you will receive an estimate of your monthly payment, closing costs and interest rate. Do not make any major purchases after you have been pre-approved, as this can compromise your approval!

Closing costs are funds that you will pay at the time of closing (down payment, loan fees, underwriting fees, title fees, etc.). The total closing costs are approximately 3% of the loan amount, but this can vary.

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

STEP 2: House Hunting The Journey Begins!  After we know what you are pre-approved for, I will set you up on a search based off of the information provided on page 5. I will send properties over by email and we will select the to properties for us to view in person.  “Decision Makers” are the only people who should attend home viewings, whenever possible. Friends and family may want to attend for “fun”, an while this part of the process is indeed fun, we want to remain focused and purposeful while touring properties. I will ensure that friends and family have the opportunity to view the home before closing if need be.  After viewing each home, I will ask for the top-3 positive and negative aspects, and then we will rank them in order of your preference.  Would you rather sleep on it or sleep in it? Once we find a home that feels like the right fit, we will need to act quickly to best position you to have your offer accepted. Waiting until the next day can be the difference between obtaining your dream home or losing it to another party.  My typical buyer views 4-6 homes before making an offer.

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

STEP 3: Making an Offer Writing an Offer  I will conduct research on the specific property to help us determine the most strategic way to write a strong offer.  I will provide you with a Market Analysis verifying the property’s current market value.  We will review the Seller’s Disclosure, which outline the condition of the property to the seller’s knowledge.

Elements of the Contract  Sales price. The asking price is often just a starting price. You may find that the home is worth more to you than its market value. Especially if we’re in a multiple offer situation, I will ask you to offer the highest amount you would be willing to pay for the property without regret.  If your offer is not accepted, you will regret offering as little as you did.  If your offer is accepted, you will not regret offering as much as you did.  Keep in mind that if the home does not appraise for the sales price, we will need to negotiate the difference, or you may walk away. We should not offer an amount that is higher than market value unless you are willing to pay the difference in cash at closing.  Earnest Money. Typically 1% of the offer price made out to the Title Company.  Option Money. Typically $100-$500 check made out to the seller.  This money is paid to the seller and allows for the buyer to have an option period.

Once we are under contract, you will not receive the option money back under any circumstance.  The option period is a negotiated amount of time that allows for the buyer to walk away for any reason without losing earnest money. The option period begins the day after all parties sign the contract. A typical option period is 5-10 days long.  Survey. The survey shows us the footprint of the property, as well as encroachments, easements and other items on the property. Typically, the seller will have a copy of the survey on hand, but I always encourage buyers to order a new survey (roughly $300-$500), to ensure the information we have is accurate and updated.  Home Warranty. Usually purchased by the seller for the buyer. A home warranty covers appliances in the home for the first year of homeownership (certain stipulations apply, of course). If an appliance has a defect within the first year, the new owner may call the home warranty company who will come service the product for a small deductible. You may choose which company we will order the home warranty from after the option period is complete.  Third Party Financing Addendum. This addendum states that after a negotiated number of days (typically 21-24), the buyer will lose their earnest money if they are not able to secure a loan.

We will have an executed contract after both parties to the transaction have come to an agreement and signed the contract. The day of execution is day “zero” of the transaction. We will have 3 days (including weekends and holidays) to deliver the earnest and option checks.

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

STEP 4:

Inspection & Repairs During the option period we will schedule an inspection which will test the condition of the home. A general inspection cost is usually form $350-$500 depending on the size and age of the property. This is a cost to be paid by the buyer at the time of the inspection.

After the inspection is complete a report will be generated to disclose property defects. Inspectors are trained to note property defects, no matter how small.

You are paying them to find problems, and so problems they shall find. At this time we will negotiate any major repairs needed per the inspector that pertain to health, safety and structural issues. Negotiations need to be complete before the option period comes to an end that way you still have the unrestricted right to walk away.

There are two ways to negotiate repairs:  Asking the seller to make repairs. This option means that when you move into the home, the repairs will already be complete. because the seller will be responsible for the hiring and paying for said repairs to be carried out, you will not have control over quality of the repairs.  Asking for money towards your closing costs. This option means you will be responsible for completing the repairs yourself after you close on the home. Your lender will calculate the maximum amount that the seller can contribute to your closing costs and we will need to stay under that number. Usually, it’s safest and easiest for the seller to contribute to your closing costs so that closing is not held up and you may choose who will complete the repairs and which materials will be used. However, certain repairs may be easier for the seller to complete, so after we receive the inspection report, we will discuss the best way to move forward. After the option period is over, you may not walk away without losing your earnest money except for in the case of a handful of unlikely scenarios. If you back out of the contract during the option period, you will receive your earnest money back and only lose your option money.

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

STEP 5: Appraisal

After the option period is over, your lender will order an appraisal to determine the value of the home. Appraisals cost between $400-$00, which will be due at the time it’s ordered or at closing, depending on the lender.

If the home appraises at or above our agreed upon sales price, we will move forward towards closing.

If the home appraises for less than our agreed upon sales price and the lender will not allow you to move forward with that sales price, we will move forward in one of the following ways:  Seller lowers sales price. This scenario is not very likely.  Buyer brings the difference to closing in cash. This scenario may be necessary in order for you to move forward with the purchase. The “difference” is close to, though not exactly, the subtraction of the appraised value from the sales price.  Buyer and seller negotiate the difference. This would be a combination of the above two scenarios.  Protest the appraisal. Protesting the appraisal rarely results in the appraiser increasing his valuation of the home.  Buyer walks away form the transaction. At this point, you will have the option to walk away form the transaction and retain your earnest money.

When considering this option, it’s important to keep in mind the costs you have already incurred, and will incur again on the next home you submit an offer on:  $100-$500 option fee  $350-$500 inspection fee  $300-$500 survey  $350-$450 appraisal fee

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

STEP 6: Loan Approval

Pre-Approval happens at the beginning of the home buying process in Step 1. Then…  You provide a list of documents and information:  Past 2 years tax returns  60 days paystubs  Past 2 months bank statements  2 forms of ID  Past 2 years of W2s  Survey  Contact info for your insurance agent  Copy of deposited option and earnest money checks, front and back  Your file will be reviewed by underwriters  After underwriting the lender will require more documentation and verification  File re-enters underwriting for loan approval  Finally, you are “Clear to Close” and documents are sent to the Title Company in preparation for closing!

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

STEP 7: Go To Closing Closing will take place at the Title Company. Your closing costs will be due at the time of closing in certified funds, typically delivered via a wire transfer. The closing will last approximately 45 minutes to 1 hour, and is painless. You will sign a lot of documents during the closing and you will receive copies of everything you have signed before you leave the Title Company.

You may get the keys to your new home once your loan funds.

Usually it takes 3-5 hours for funding to occur, depending on the lender, Title Company and the time of day. The title company will have keys and call you after funding so you may swing by to pick them up.

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

Testimonials:

Blake made finding a place to live super easy. We gave him our price{SELLERSNAME} range, preferred location, and specifics on what we want in a home. He made us a well organized list with a variety of alternatives. He is quick to responds to questions and handled a lot for us when we couldn’t do it on our own. Due to our busy work schedules. He’s a hard worker and strives to get you into the perfect home for you.

-Eric Law Houston, Texas

Blake was extremely easy to work with throughout the entire process. If I ever had a question he was very detailed and punctual in his response. When we went on showings he had all of the important information for us readily available. He was knowledgeable regarding the market and the transaction process Blake knew everything that we cared to know. Blake was also able to find us a home that exceeded our expectations at a significantly lower cost than our budget. Now that the process is over I consider Blake to be a lifelong friend and will be using him for my next buying or selling venture. All in all, if you want a sharp, easy going realtor that has your best interest, Blake Jessee is your guy.

-Bryce Wall Houston, Texas

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

New Home Checklist New Telephone Number: ____________________________________________ New Address: _____________________________________________________ Before you move, you should contact the following companies and service providers:

Utilities: ______Electric ______Telephone ______Water ______Cable ______Gas Professional Services: ______Broker ______Accountant ______Doctor ______Dentist ______Lawyer Government: ______Internal Revenue Service ______Post Office ______Schools ______State Licensing ______Library ______Veterans Administration Clubs: ______Health and Fitness ______Country Club

Insurance Companies: ______Accidental ______Auto ______Health ______Home ______Life ______Renters Business Accounts: ______Banks ______Cellular Phones ______Department Stores ______Finance Companies/Credit Cards Subscriptions: ______Magazines ______Newspapers Miscellaneous: ______Business Associates ______House of Worship ______Drugstore ______Dry Cleaner ______Hairstylist

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

Checklist Moving Forward To Review Information About Brokerage Services Buyer Questionnaire Buyer Representation Agreement Homework Read & sign General Information & Notice to a Buyer* Read Protect Your Family from Lead in Your Home* Read & sign Information About Property Insurance* Review Warning Regarding Wire Transfers* Review the One to Four Contract Write a cover letter. This will be included with any offer we submit, and should speak about your family and your desire to live in that particular area/home. Obtain a pre-approval letter from a reputable local lender *I will send these items to you via DotLoop so you may fill them out and sign electronically

5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com

Recommend Vendors Lenders:

Jeff Wagner – Branch Manager

Jared Hrabovsky – Loan Officer

Cell: 713-927-6003

Cell: 832-520-9963

Email: jwagner@onetrusthomeloans.com

Email: jared.hrabovsky@benchmark.us

Inspectors: RSCH ONE INSPECTIONS Donivan Harvey - Owner

Office: 832-843-7908

Cell: 832-576-2506

Website: sweethomeinspectors.com

Email: rsch.one.inspections@gmail.com

Contractors:

Greg Hokanson - Owner

Michael Grillo - Owner

Cell: 832-250-1442

Cell: 832-515-1837

Email: bryceconst@gmail.com

Email: houstonhandsconstruction@gmail.com 5050 Westheimer Rd., Ste. 200, Houston, TX 77056 Mobile: 713.594.6912| Office: 713.621.8001 blake@homeswithcrossroads.com www.homeswithcrossroads.com