The Home Buying Process Your Guide to Purchasing Property
PRES EN T ED B Y T H E S I M ON I A N T EA M
Why Work with a Buyer?s Agent? The decision to purchase a home is likely one of the largest financial and lifestyle decisions you will make. By aligning yourself with a trusted advisor, you will be well positioned to find the right property, negotiate fair terms and overcome any obstacles that occur along the way. Leveraging our
vast
local expertise, industry connections, and
resourceful tools, Gibson Sotheby?s International Realty will not only assist in helping you find the right home, but guide you through the entire purchase process. We have the keys to where you want to be.
Services Provided
Seller?s Agent
Buyer?s Agent
Facilitates Property Showings
YES
YES
Explains Home Buying Process
YES
YES
Facilitates Closing
YES
YES
Discloses Known Material Defects
YES
YES
NO
YES
NO
YES
NO
YES
NO
YES
NO
YES
NO
YES
Maintains Personal Confidentiality
NO
YES
Researches Seller and Property
NO
YES
Prepares a Comparative Market Analysis
Keeps Your Financial Situation Confidential
Negotiates the Best Price on Your Behalf
Negotiates the Best Terms on Your Behalf
Discloses Adverse Factors Relating to Homes Viewed
Relays Information that Would Enhance Your Buying Position
ST EPS TO B U YI N G A H OM E From initial meetings to the final closing, below is an overview of what to expect throughout the home buying process.
0 1 | GET PRE-APPROVED The first step of the home buying process is getting pre-approved for a loan. During this process, your mortgage lender will review your income and credit history to determine what size loan you are eligible to receive.
0 2 | BEGIN THE SEARCH Once you have determined your budget, you and your agent will meet to review your wish list, desired timing, and begin your search. Together you will review inventory and visit properties.
0 3 | OFFER STRATEGY MEETING Prior to preparing an offer, your agent will show you comparable properties and collaborate with you to clearly review different offer strategies. You have the right to a home inspection, a mortgage contingency and a lead paint inspection. Discuss ways to make your offer more appealing and the implications including having a pre-inspection or waiving your rights to other contingencies.
0 4 | SUBMIT AN OFFER Once you find a property that you love, you will choose an offer strategy and discuss with your agent how to position your offer to get it accepted. Based on the seller's response, your agent will guide you through next steps. Offer deposit due (typically $1,000).
0 5 | SIGN THE PURCHASE & SALE AGREEMENT After the offer and terms are accepted, the seller?s attorney will draft a Purchase and Sale Agreement. It states the final sale price and all terms of the purchase. This binding contract needs to be reviewed by your attorney prior to you signing it. P&S deposit due (typically 5%).
0 6 | FORMALLY APPLY FOR A LOAN & LOCK IN YOUR RATE Your mortgage lender will work with you to review all final loan documents.
07 | APPRAISAL The property will be reviewed by a licensed professional to assess its value.
0 8 | HOME INSURANCE You will need to review various options and select your homeowners insurance policy.
0 9 | FINAL WALK-THROUGH Just prior to the closing, you will go through a final walk-through of the property. This will ensure that the property is in the same condition as when you visited previously.
10 | CONGRATULATIONS! Once you sign the final paperwork, exchange the payment, and the transaction is recorded at the Registry of Deeds, you are officially a homeowner. Congratulations, you will now receive the keys to your new home.
People to Have on Your Team BUYER?S AGEN T
IN SURAN CE AGEN T
Take your time to select a buyer?s agent with
The insurance agent comes in after you have
whom you feel comfortable discussing your goals
signed the purchase and sale agreement. Most
and priorities in home buying. A good agent is
lenders will not close the sale until the buyer has
knowledgeable in market prices, neighborhood
purchased insurance on the home.
qualities, and the offer process. In addition to helping you
shop
for
homes, using their
HOM E IN SPECTOR
experienced eye to point out features and flaws
However similar they may seem, a home
in the home that you might otherwise miss, they
inspector is different than an appraiser. The
will negotiate on your behalf and will be your
home inspector can enter the home buying
advocate from the beginning of the process right
process either before or after the offer is
through closing.
submitted. The inspector takes a deep dive into the home's condition and points out any areas of
REAL ESTATE ATTORN EY
concern. Armed with this information, the buyer
Ask friends, co-workers or your real estate agent
can ask the seller to complete some of these
for referrals to a good real estate attorney. Don?t
repairs themselves, lower the total purchase
be shy about interviewing them, and finding one
price, or terminate the sale altogether.
you
are
compatible
with,
who
regularly
represents home buyers and sellers. attorney
should
be
reasonably
Your
affordable,
accessible and not too busy for you.
CON TRACTORS You may need various contractors throughout the process to assess issues that came up at the home inspection, or provide estimates for work
LEN DER
you would like to do once you purchase the
Your lender is the one who assists you with
home. Your real estate agent can usually help you
borrowing the funds to purchase your home,
with references for good contractors, including
typically in the form of a mortgage. Your lender
plumbers, electricians, painters, contractors,
should have a variety of consistently competitive
movers and cleaners.
lending
programs.
They
should
also
be
accessible as you may need them on weekends or at night especially during the offer process.
6
The Right Tools For Your Search DEPOSIT LIN K
REALSCOUT
A simple, secure, and efficient way to send
A
earnest money deposits electronically. Payments
allows our clients and their buyer?s agent to
clear in less than 24 hours. You can safely send
share listings, compare properties and spotlight
your deposits from anywhere. Track the status of
market alerts throughout the home buying
transfers in real-time with your phone.
process.
OFF M ARKET & COM IN G SOON Our powerful local network has access to exclusive off market
inventory as well as
properties before they launch on the MLS.
SOTHEBY' S IN TERN ATION AL REALTY WEBSITE AN D APP Our enhanced website now in 14 languages engages millions of buyers via high-resolution photography, 3D virtual
reality
tours, and
ultra-high-definition videos. Listings from around the globe can be accessed seamlessly on any device and mobile users can directly text their buyer's agent from any listing page.
7
collaborative
home
search
tool
that
The Simonian Team With over 25 years of combined experience in the real estate industry and more than half a billion in sales, Madison and Jeff Simonian offer unmatched expertise in the diverse housing markets of Boston, the surrounding suburbs, Cape Cod, and beyond. The Simonian Team is dedicated to achieving the highest sale price for their sellers by employing strategic marketing and precise property positioning. For buyers, they excel at locating unique, hard-to-find homes that align with their clients?needs, even in the most competitive markets. They also provide expert guidance for investors and offer development consulting services, ensuring comprehensive support throughout every phase of the real estate process. Known for offering white glove service, the Simonian Team is committed to providing a seamless and exceptional experience for every client, from initial consultation to closing and beyond. As longtime Boston residents who have lived in various neighborhoods, along with a part-time residence on Cape Cod and experience in suburban home development, Madison and Jeff bring invaluable firsthand knowledge of local markets and neighborhoods, offering clients a distinct advantage in their real estate endeavors. Driven by proven results, they have been recently recognized by Boston Magazine and RealTrends as being in the top 1.5% of real estate professionals in the country, as well as being top producers year after year since 2017.
The Simonian Team Stats AMONG THE TOP 1.5% OF REAL ESTATE AGENTS IN THE UNITEED STATES OVER $ 50 0 MILLION IN CAREER SALES VOLUME TOP REAL ESTATE PRODUCERS SINCE 20 17 25+ YEARS IN BUSINESS
Jeff Simonian
Madison Dulgarian Simonian
REALTOR®
REALTOR®
774.275.4030
401.524.5836
Jeff.Simonian@GibsonSIR.com
Madison.Dulgarian@GibsonSIR.com
SimonianTeam@GibsonSIR.com | thesimonianteam.com 556 Tremont Street, Boston, MA 02118
An Tewksbury
Arlingt
Weston
Cambridge
Sudbury
Brookline
Newton Wellesley Needham Westwood
Ca
Local Expertise, Global Connections. # 1 Massachuset t s Based Firm Locally owned and operated, Gibson Sotheby?s International Realty is Massachusetts?s largest independent real estate company and the premier provider in luxury real estate across Eastern Massachusetts. With over 70 0 expert real estate advisors throughout our 33 offices coupled with our powerful network of more than 1,10 0 Sotheby?s International Realty offices worldwide, we truly have the power to assist wherever your real estate needs may take you.
33
700+
84
1,100
Local Offices
Local Agents
Countries & Territories
Global Affiliate Offices
Proudly serving Bost on, Great er Bost on, Met roWest , t he Nort h Shore, Sout h Shore, Sout h Coast and Cape Cod.
Newburyport
Andover Gloucester Manchester-by-the-Sea
ton Charlestown North End | Waterfront Beacon Hill Back Bay South End Jamaica Plain
Hingham
Cohasset
anton
Provincetown
Plymouth
Orleans Brewster Dennis
Yarmouth Port South Dartmouth
Harwich Port
Chatham
CLIEN T EN DORSEM EN TS
The reviews speak for themselves "Jeff and Madison were phenomenal to work with. They were very communicative and always very responsive. They consistently gave us great advice and feedback on places and offers we were considering; importantly, they always made sure to understand our wants and perspective. We ended up making two offers with them; they really walked us through every step, making sure we understood what was required, what were market comps, and what next steps would be. Their network made the process straightforward; from legal reviews to site assessments, everyone was professional and knowledgeable. Even after we closed and moved in, Jeff and Madison continue to be involved and supportive, helping navigate and work through any small post closing surprises that have come up. All in all, we're glad to recommend Jeff and Madison, and would be happy to work with them again for any future real estate needs." ? Buyer, South Boston
"Madison and Jeff are professional and always make availabilities for us. They helped us buy our first home and offered their professional advice when we didn't have much knowledge." ? Buyer, Somerville
"The Simonian Team seamlessly got everything ready to list and show our house without any real effort on our part. We went on vacation the first week it was listed, they held an open house, and managed multiple offers and the negotiations while flexing to our schedule overseas. The house moved quickly due to their guidance, preparation, professionalism, and knowledge of the local market. We'd definitely work with The Simonian Team again!" ? Seller, Natick
"I used the Simonian team for two properties. A rental apartment in Boston and home purchase outside the city and cannot recommend them highly enough. They know both areas, city and suburb, very well and were able to find exactly what we wanted in both and in our price range. I would definitely use them again when the opportunity arises!" ? Buyer, Wellesley
"Jeff and Madison are outstanding brokers. Our search took several years, stretched over a pandemic and required multiple shifts as we refined our wishes. The Simonian Team was not only patient and available but very knowledgeable. Together we found the perfect place and even navigated an unusual closing with success and no delay. I couldn't recommend them more highly." ? Buyer, Back Bay
"The Simonian Team was fantastic in helping me rent a new property in Natick, MA. I am coming from Phoenix, Arizona and they took the time to show me all around the Boston area while helping me determine the correct location given my offices and proximity to the rail. Truth be told, I would have been lost without them! I would highly recommend using The Simonian Team for any real estate needs!" ? Renter, Natick
"We had the best time working with The Simonian Team! They were so thoughtful about all of the homes they showed us and were incredibly responsive the entire time to all of our questions and concerns. They clearly are an expert in the Boston, and surrounding areas, and provided us with the best resources! We could not recommend them enough and look forward to working together in the future!" ? Buyer, South Boston
"The Simonian Team helped us get a great condo in a good location. Without thier suggestion, we would not get it. After sales service is another outstanding point for The Simonian Team, they gave us lots of information and advice after the closing. We really felt lucky to meet them." ? Buyer, Back Bay
"As a first-time homebuyer, I couldn't have asked for better real estate agents! The Simonian Team made the entire process seamless and stress-free. They took time to understand exactly what I was looking for and showed me so many great listings. Their deep knowledge of the market and strong network helped me get connected with all the right people, making each step effortless. What truly set them apart was finding an off-market opportunity that ended up being the perfect fit for me! I felt completely comfortable and supported throughout the entire process and I will absolutely call them again when I'm ready to sell!" ? Buyer, South End
?Over the past ten years, I?ve worked with the Simonian Group for three property purchases, one sale, and a rental unit in South Boston and Southborough. Their professionalism, meticulous attention to detail, exceptional communication, and outstanding client care consistently stand out. Madison and Jeff are not only highly experienced realtors but also truly remarkable people. I wholeheartedly recommend the Simonian Group to any buyer or seller seeking a seamless process guided by seasoned real estate experts.? ? South Boston Seller, South Boston Investor, and Southborough, MA Buyer ? Seller, South Boston
S I GN I FI CA N T SA L ES
Falmout h 84 Colonial Way Buyer | $1,330,000
Nat ick 10 Carter Drive Buyer | $1,510,000
Arlingt on 77 Hemlock Street Buyer | $1,000,000
Wellesley 17 Berkeley Road Buyer | $1,700,000
Winchest er 15 Grove Street Buyer | $2,275,000
Andover 11-R Lowell Junction Road Buyer | $1,210,000
Nat ick 26 Prescott Avenue Buyer | $1,225,000
Concord 35 Arrowhead Road Buyer | $1,025,000
S I GN I FI CA N T SA L ES
Needham 375 Warren Street Buyer | $1,050,000
Wellesley 121 Forest Street Buyer | $2,100,000
St ought on 30 James Massey Lane Seller | $1,800,000
West borough 4 Gale Meadow Way Buyer | $1,025,000
Nat ick 3 Graystone Lane Seller | $2,210,000
West ford 5 Blacksmith Drive Buyer | $1,050,000
Nat ick 1 Marie Path Buyer | $1,100,000
Beacon Hill 102 Chestnut Street Seller | $2,850,000
S I GN I FI CA N T SA L ES
Beacon Hill 12 Joy Street Seller | $3,270,000
Wellesley 15 Homestead Road Buyer | $1,955,000
East Bost on 28 Montmorenci Avenue Seller | $1,000,000
Sout h Bost on 181 I Street Buyer | $1,840,000
Hingham 21 Plymouth River Road Buyer | $1,165,000
Lexingt on 30 Burroughs Road Buyer | $4,300,000
Somerville 260 Beacon Street, Unit 211 Buyer | $1,300,000
Back Bay 50 Commonwealth Avenue, Unit 804-805 Seller | $2,800,000
S I GN I FI CA N T SA L ES
Back Bay 492 Beacon Street, Unit 34 Buyer | $1,597,000
Beacon Hill 76 Chestnut Street, Unit 3 Buyer | $3,050,000
Back Bay 492 Beacon Street, Unit 21 Seller | $1,025,000
Sout h Bost on 825 E 4th Street, Unit 7 Seller | $1,070,000
Back Bay 252 Marlborough, Unit 4 Buyer | $1,610,000
Back Bay 330 Beacon Street, Unit 46C Seller | $2,241,900
Beacon Hill 27 Chestnut Street, Unit 4C27 Seller | $1,450,000
Sout h Bost on 825 E 4th Street, Unit 7 Buyer | $1,050,000
S I GN I FI CA N T SA L ES
Back Bay 224 Marlborough Street, Unit 6 Seller | $2,125,000
Back Bay 90 Commonwealth Avenue, Unit 19 Seller | $2,150,000
Charlest own 197 8th Street, Unit PH224 Seller | $1,400,000
Back Bay 250 Commonwealth Avenue, Unit 14 Seller | $2,325,000
Back Bay 1 Charles Street, Unit 401 Seller | $1,000,000
Sout h End 84 Berkeley Street, Unit 1 Seller | $1,295,000
Back Bay 227 Beacon Street, Unit 1 Seller | $1,125,000
Back Bay 400 Stuart Street, Unit 25A Buyer | $4,600,000
S I GN I FI CA N T SA L ES
Plymout h 15 Buckskin Path Buyer | $750,000
Needham 47 Rolling Lane Buyer | $2,565,000
Sout h Bost on 244 L Street Buyer | $2,510,000
Marshfield 32 Carolyn Circle Buyer | $1,285,000
Sout h Bost on 19 M Street, Unit 1 Seller | $760,000
Sout h Bost on 603 E 6th Street, Unit 1 Buyer | $1,250,000
Sout h End 380 Harrison Avenue, Unit PH2K Buyer | $2,975,000
Wellesley 18 Benvenue Street Seller | $1,700,000
S I GN I FI CA N T SA L ES
Back Bay 388 Beacon Street, Unit 3 Seller | $4,000,000
Back Bay 380 Beacon Street, Unit 1 Seller | $3,492,500
Chelsea 96 Webster Avenue Seller | $1,000,000
S I GN I FI CA N T SA L ES
Concord 16 Hatch Farm Lane Buyer | $2,950,000
Midt own 2 Avery Street, Unit 18E Buyer | Off-Market | $2,400,000
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