Frontgate Real Estate Buyer's Consultation

BUYER'S CONSULTATION

Thank you for taking the time to meet with me and discuss your largest Purchase! We take this process very seriously. As Buyer’s Agents we specialize in working for you, representing your best interests throughout your Purchase. And just so you know using us as a Buyer’s Agent won’t cost you anything. Our services are paid for by the home seller.

When we work for you we will:

1.) Educate you about Buyer Agency, outlining our fiduciary responsibilities to you, which include, Disclosure, Loyalty, Confidentiality, Obedience and Accountability.

2.) Save you time searching the market for an affordable home that meets your criteria.

3.) Preview homes FOR you and WITH you at your desired times. In addition we provide comparative analysis. We can also refer you to expert home inspectors/contractors etc.. who’ll provide more in-depth analysis and advise when the time comes.

4.) Help you explore your financing option so you can make the best possible decision.

5.) Negotiate the best possible price for you and take care of all the documentation details.

6.) Assist you, if necessary, in finding home-related services you need.

In short, we’ll provide you with comprehensive, high quality Buyer’s service!

In this packet of information you will find the service we provide and how we can consult you through this process to find you your dream home in the time frame you desire with the least amount of hassles!

Warm Regards, Dana

Muhlgay

Our focus is on your complete satisfaction. In fact, we work to get the job done so well, you will want to tell your friends and associates about it. Maybe that's why more than 67 percent of ou business comes from repeat customers and referrals.

Good service speaks for itself. We are looking forward to the opportunity to earn your referrals too!

BENEFITS OF BUYER’S AGENCY:

100% of my clients choose buyer agency

We only work with a few Buyer’s at a time to provide a high level of Service!

Buyer instant notification

We can answer you in a paragraph instead of a sentence.

All of our fees are paid by the seller; We are 100% FREE

All brokers have access to the same information

The biggest difference in brokers is the speed they can get you the information

Sample Contingency Removal Form CAR.org

The Mortgage and Loan Process

Funding Your Home Purchase

1.

Financial pre-qualification or pre-approval

Application and interview

Buyer provides pertinent documentation, including verification of employment Credit report is requested

Appraisal scheduled for current home owned, if any

2. Underwriting

Loan package is submitted to underwriter for approval

3. Loan approval

Parties are notified of approval

Loan documents are completed and sent to title

4. Title company

Title exam, insurance and title survey conducted Borrowers come in for final signatures

5. Funding

Lender reviews the loan package Funds are transferred by wire

Why pre-approval?

We recommend our buyers get pre-approval before beginning their home search. Knowing exactly how much you can comfortably spend on a home reduces the potential frustration of looking at homes beyond your means.

The Mortgage and Loan Process GETTING PRE-APPROVED:

ITEMS YOU WILL NEED

1 Month pay stub

Last 2 years W2s

Last 2 years filed federal tax returns, all pages, all schedules

If self employed, be sure to include any corporate returns; 1120's, K1s, or partnership returns

2 months bank statements, all pages for checking, savings, and retirement accounts

Copy of California driver's license

If any other real estate owned:

- Copy of mortgage statement

- Copy of taxes and insurance

Copy of social security card (FHA and VA loans only)

The Mortgage and Loan Process

DO'S & DON'TS OF APPLYING FOR A MORTGAGE

Do not change or quit your job.

Do not overspend on your credit card and make credit card payments on time. Do not open any store credit cards. Do not co-sign for any loans.

Do not buy a car, boat, truck, or motorcycle.

Do not omit any loans or debits on your loan applications. Do not change you bank accounts. Do not spend money set aside for closing.

YOUR HOME SEARCH

We love helping buyers find their dream home. That's why we work with each client individually, taking the time to understand their unique lifestyles, needs and wishes. This is about more than a certain number of bedrooms or a particular zip code. This is about your life. And it's important to us.

When you work with us, you get:

A knowledgeable and professional REALTOR® A committed ally to negotiate on your behalf The backing of a trusted company, Frontgate Real Estate

We have the systems in place to streamline the home-buying process for you. As part of my service, we will commit to helping you with your home search by:

The average buyers looks at five homes before finding the right one

The most important key to finding the right home quickly is your feedback

Setting yourself up for success!

BEST PRACTICES

We advise to have limited to no contact with the Sell-Side to set you up for success! Remember, information is power and the listing agent works for the seller. The more they know about you, the more they can use that information to leverage you in a weaker bargaining position

Let us schedule all tours and register you for any Open Houses

When attending an Open House, drop our business card and let us ask the Listing Agent your Questions."

FREQUENTLY ASKED QUESTIONS:

Can you help me find new construction homes?

Yes, I can work with most builders and get you the information you need to make a decision. On your first visit with the builder, I will accompany you. By using my services with a new construction home purchase, you will receive the services I offer, as well as those provided by the builder, at no additional cost.

Builder pays all of my fees

Open house guest pass

Use my business card and the on-site salesperson will call me not you

On-site salesperson represents the seller

FREQUENTLY ASKED QUESTIONS:

How does for sale by owner (FSBO) work?

Homeowners trying to sell their home without agent representation are usually doing so in the hopes of saving the commission. If you see a FSBO and want the advantages of my services, let me contact the owner for you and make an appointment. Most times the homeowner will work with an agent, even though their home is not listed, since the agent is introducing a potential buyer to their property.

Call us first

Most "for sale by owners" will pay my commission, if not we can include that in the sales price.

Attorney or real estate agent attorneys charge by the hour.

How will you tell me about the newest homes available?

The Multiple Listing Service Website provides up-to-date information for every home on the market. I constantly check the New on Market list so I can be on the lookout for my clients. I will get you this information right away, the way that is most convenient for you; by phone and/or email.

We recommend saving a search on our website; www.frontgaterealestate.com

Will you inform me of homes from all real estate companies or only FrontGate Real Estate?

I will keep you informed of all homes. I want to help you find your dream home, which means I need to stay on top of every home that's available on the market.

Can we go back through our property again once an offer is made, but before possession?

Usually, we can notify the seller and schedule a convenient time to visit the property again. Immediately before the closing, we will schedule a final walk-through and inspection of your new home.

Once my offer is accepted, what should I do?

Celebrate and focus on moving into your new home! You will want to schedule your move, pack items and notify businesses of your address change. I will provide you with a moving checklist to help you remember all the details. I will also give you a good faith estimate and HUD statement, which will indicate the amount you will need to bring to closing.

MAKING AN OFFER:

Go through the entire contract so that when you find the right home you can move quickly and ensure that we get the home you want.

This is a standard form that is approved by the Real Estate Commission.

Once you have found the property you want, we will write a purchase agreement. While much of the agreement is standard, there are a few areas that we can negotiate:

The Price

What you offer on a property depends on a number of factors, including its condition, length of time on the market, buyer activity, and the urgency of the seller. While some buyers want to make a low offer just to see if the seller accepts, this often isn't a smart choice, because the seller may be insulted and decide not to negotiate at all.

The Move-in Date

If you can be flexible on the possession date, the seller will be more apt to choose your offer over others.

Additional Property

Often, the seller plans on leaving major appliances in the home; however, which items stay or go is often a matter of negotiation.

Typically, you will not be present at the offer presentation - we will present it to the listing agent and/or seller. The seller will then do one of the following:

• Accept the offer

• Reject the offer

• Counter the offer with changes

By far the most common is the counteroffer. In these cases, my experience and negotiating skills become powerful in representing your best interests.

When a counteroffer is presented, you and I will work together to review each specific area of it, making sure that we move forward with your goals in mind and ensuring that we negotiate the best possible price and terms on your behalf.

Thank You!

PREPARED BY:

DANA MUHLGAY