BUYER
HELLO
“SummitCountyiswhereIcall homeandIwouldnothaveitany otherway!Whetheryouarebuying orselling,downsizingorupsizing, purchasingafirsthomeorahome awayfromhome,Iwanttohelpyou reachyourgoal!LetmeknowhowI canbeofservice.”
IamoriginallyfromChicago,Illinois buthavebeenaresidentofSummit Countyforover2decades.I graduatedfromtheUniversityof Colorado,Boulderwithadegreein Communicationandaminorin Business Withabackgroundin hospitalityandlodging,Istriveto provideexcellentcustomerservice. Mygreatattentiontodetailand strongclientcommunication ensureanyandallclientsgetthe attentiontheydeserveandseek.I wanttohelpfulfillyourdreamof owningSummitCountyrealestate!
THE HOMEBUYING PROCESS AT A GLANCE
2 1
FINANCES HOME SEARCH
✓ Gather your documents
✓ Obtain pre-approval or proof of funds
✓ Locate down payment funds
✓ Budget for any additional costs
✓ In Depth Buyer Consultation
✓ Preview potential properties online
✓ Schedule showings and view the properties you are most interested in
5 6
APPRAISAL
✓ Arrange for a professional appraiser to visit the home and determine a value
✓ Submit any necessary docs to lender in a timely manner
7
SURVEY
✓ Arrange for a surveyor if necessary
✓ Examine survey provided
DUE DILIGENCE
✓ Conduct inspections
✓ Resolve/negotiate any issues from inspection
✓ Review HOA documents
✓ Obtain homeowners insurance
8
SCHEDULE MOVE
✓ Schedule your move date and arrange for movers
3
OFFER
✓ Write an offer to purchase on your favorite property
✓ Negotiate the terms of the offer
4
UNDER CONTRACT
✓ Deposit earnest money, complete loan app, & insurance quotes
✓ Complete Loan Application within 7 days
9
CLOSING
✓ Receive closing statement/clear to close
✓ Wire funds to closing company
✓ Conduct a final walkthrough of property
✓ Closing day: Get your keys, it's all yours!
THE COSTS OF BUYING A HOME
EARNEST MONEY DEPOSIT:
Theinitialamountyouputtosecurethehomeforouroffer Thisrangesfrom2%to3%andisreducedfromyourfinal downpayment Thiscanbedoneinonedepositorsplitintotwopayments
INSPECTIONS:
Homeinspectionsareimportantwhenbuyingahome.Wewanttofindouteverythingwecanthatcouldbewrong withthehome Ageneralhomeinspectionisamust,butyoucanalsoselectthetermite/pestinspection,radon inspection,waterinspection(ifwellwater),septicinspection(ifon-siteseptic),stuccoinspection,andleadpaint inspection
APPRAISAL:
Allhomesthathaveamortgagewillrequireanappraisaltoensurethatthehomeisvaluedcorrectly Anappraisalis donestrictlyforthelenderandcostsbetween$400-$575 Thiswillbepaidupfrontbutwillbereducedfromyourtotal closingcosts
DOWN PAYMENT:
Thisisnotdueinfulluntilclosingday!Typicallyrangingfrom35%(withanFHAloan)to20%,andeverywherein between!
CLOSING COSTS:
Closingcostsarethefeesthatareneededtocloseandgetkeysforyournewhome suchaslenderfees,transfertax, escrow(includingyourtaxes),reimbursements,andhomeownersinsurance.Closingcoststypicallyrangefrom3%-5%of thepurchasepriceofthehome.
AVERAGE COSTS
GENERALHOMEINSPECTION:
$450+(DEPENDSONSQUAREFEET)
RADON:
$110-$150(MITIGATION:$1,500+)
APPRAISAL: $800+
SURVEY(IFAPPLICABLE): $500+
LENDERFEES(IFAPPLICABLE): VARIES
TITLECOMPANYCLOSINGFEES(IFAPPLICABLE): $250
SEPTICANDWELLINSPECTION(IFAPPLICABLE): $500+
***ITISALSOIMPORTANTTOELECTPROPERTY&FLOODINSURANCETOMAKESURETHATTHEREWERE NOMAJORCLAIMSONTHEPROPERTYTHATWERENOTDISCLOSED!
*COSTSMAYVARYDEPENDINGONTHEINSPECTIONCOMPANYUSED
THE MORTGAGE PROCESS
Theveryfirststepofthehomebuyingprocessistogetapre-approvalletterfromalenderstating howmuchyouarequalifiedfor
Apre-approvalisonlyvalidfor30-90days,sowhileyoucanstarttalkingtolenders,you’llwanttowait ongettingthatpre-approvalletterwhenyou’rereadytobuy.
QUESTIONS TO ASK POTENTIAL LENDERS:
1.Whattypeofloandoyourecommendforme?Why?Therearemultipletypesofmortgageloans,andyou shouldknowwhichoneisbestforyouandhowitworks.
2.WillmydownpaymentvarybasedontheloanIchoose?Ifyou’retightoncashordon’twanttobecash poor,letyourlenderknow Loansvaryintheirdownpaymentrequirements
3 Whatistheinterestrateandtheannualpercentagerate(APR)?Everyonetalksabouttheinterestrate,but theAPRisjustasimportant Itcombinestheinterestratewiththefeesalenderchargestooriginateyour loan
4 CanIlockintheinterestrate?Ifso,forhowlong?Ifyouthinkrateswillbemovingup,askifyoucanlockit inforasetperiodoftime
5.Whatwillmyclosingcostsbe?Aretheyapartofmyloan,orwillIpaythemincashatclosing?Closingcosts usuallyrun3-5%ofyourloanvaluesoyouneedtoknowhowthey’llbecovered.
MY RECOMMENDED LENDERS
YOUAREFREETOUSEWHOMEVERYOU'DLIKE-THESEAREAFEWOFTHELENDERSIKNOWANDTRUST.
bokfinancial.com/find-a-mortgage-banker/jennifer-cleary jcleary@bokf.com|970-668-2200
THE DO'S & DONT'S OF THE LOAN PROCESS
Therearecertain“Do’sandDon’ts”whichmayaffecttheoutcomeofyourloanrequest These remainineffectbefore,during,andafterloanapprovalupuntilThetimeofsettlementwhen yourloanisfundedandrecorded Manytimescredit,income,andassetsareverifiedthehour beforeyouhavesignedyourfinalloandocuments.
MAKESURETHATYOUDONOT:
Don’tbuyacar
Don’tgetmarriedordivorced
Don’tchangeprofessions,startyourownbusinessorchangejobs
Don’tchangebankaccounts
Don’tbuyANYTHING!(appliances,furniture,etc.)
Don’tthrowawaydocuments
Don’tgetlazywithmonthlybillsandincuranylatepayments
Don’tletanyonerunyourcreditorapplyforanycreditcards
Don’tmakeanylargedepositswithcheckingwithloanofficer
MAKESURETHATYOUDO:
Dokeepallaccountscurrent,includingmortgage,carloans,creditcards,etc.
Docontactbothyourlenderanytimeaquestionmayarise Domakeallpaymentsonorbeforeduedatesonallaccounts,evenifthe accountisbeing paidoffwithyournewloan
Dohaveanylender-requiredmoney/fundstoyourloanofficerwithin72hoursafterthe homeinspectioniscomplete
Doreturnphonecallsfromyouragent,loanofficer,SettlementCompany,oranyoneelse involvedinyourtransactionASAP!
Duringtheinspectionperiod,thebuyerhastherighttohireaprofessionaltoinspecttheconditionof thehome.Theinspectionwilluncoveranyissuesinthehomethatwouldhaveotherwisebeen unknown
Thestandardhomeinspector’sreportwillcovertheconditionofthehome’sheatingsystem;centralair conditioningsystem; interiorplumbingandelectricalsystems;theroof,attic,andvisibleinsulation; walls,ceilings,floors,windows,anddoors;thefoundation,basementandstructural componentsYouwillreceiveawrittenreportoftheinspection,butIrecommendyouattendthe inspection
ADDITIONALINSPECTIONSYOUMAYNEED:
RADONINSPECTION-Radongasisthe2ndleadingcauseoflungcancerintheUS-itisanaturally occurringgasthatiscolorlessandodorless
LEAD-BASEDPAINTINSPECTION-Ifthehomewasbuiltpriorto1978,alead-basedpaintinspectionis recommended
WELLWATER/SEPTICINSPECTION-ifthehomehasasepticsystemorwellwater-tomakesurethe waterisnotcontaminatedandthesepticsystemisworkingproperly
OTHERS-checkwithyourhomeinspectortoseewhatotherservicestheyprovidethatmaybeof interest
HOMEOWNERS INSURANCE
Thestandardhomeownersinsurancecoversfinancial protectionagainstlossduetodisasters,theftandaccidents
Hazardinsuranceprotectsagainstdamagecausedbyfires, severestorms,hail/sleet,orothernaturalevents
Protectsagainstdamagecausedbyaflood
Protectsagainstdamagecausedbyeventssuchas tornadoes,hurricanes,orgales
MY TRUSTED INSURANCE AGENTS
CALL FOR QUOTES
CASSANDRA SCHULTZ amfam.com/agents/colorado/dillon/cassandra-schultz schultzagency@amfam com (970)668-6600
BRETT RUDOLPH agents.farmers/com/co/frisco/brett-rudolph
As a realtor myself, the amount of service and professionalism experienced with using Isabel was by far the best we have ever had! Attention to detail, prompt responses and recommendations all top notch! Will recommend and use Isabel Rawson again!
- Rhonda V
Isabel is not a real estate agent. She is a partner who is vested in every decision you have to make in the process of buying or selling a property We have worked with her on both sides of the transaction and would not think of working with anyone else. She leaves nothing to chance and is focused on your needs throughout the process We cannot give her a high enough recommendation!
- Brad G
We were fortunate enough to work with Isabel on the sale of our condo. As an attorney who practiced in real estate, I was expecting a lot, and got even more Isabel was attentive, timely, and answered any questions we had as we went through the process. A total professional, and a lovely person to do business with. My only regret is I can’t give her ten stars!
- Steve O
Isabel was fantastic to work with when purchasing a home She was accommodating to our needs (oftentimes adjusting her schedule to provide as much flexibility as we needed). Isabel's thorough review of the contract and understanding of the finances involved in both the sale and purchase of our property proved to be pivotable in the close of the property. We would highly recommend Isabel to any buyer and we would also use her services again if needed
- Debbie B
Isabel Rawson is extremely helpful, personable, and kind. She always goes the extra mile to make sure her customers are satisfied. She has helped my husband and I buy two condos in Keystone, CO If we buy another we will surely go to her again.
- Chi H
