YOUR GUIDE TO BUYING YOUR DREAM HOME
HOW I CAN HELP BUYING PROSSESS EXPLAINED MAKING AN OFFER
A COMPLETE GUIDE TO THE HOME BUYING PROCESS
Congratulations! You are about to embark on the exciting journey of finding your ideal home. Whether it is your first home or your tenth home, a retirement home, or an investment property, I will make your home-buying experience fun and exciting. I can help you find the ideal home with the least amount of hassle, and I am devoted to using my expertise and the full resources of my office to achieve these results! Purchasing a home is a very important decision and a big undertaking in your life. In fact, most people only choose a few homes in their lifetime. I am going to make sure that you are well equipped and armed with up-to-date information for your big decision. I am even prepared to guide you through every phase of the home-buying process. This guide will give you an idea of what to expect during each phase of your transaction. Please keep this guide during all house hunting related activities; meetings, house hunting trips, etc. Use it to take notes and to keep track of deadlines. You can even staple cards to relevant pages to keep related materials together. Making this transaction as easy as possible for you is my job.
So let’s take an exciting journey together! I look forward to meeting your real estate needs every step of the way!
Write down everything you're looking for in the perfect house! We'll use this guide as a reference while helping you find your dream home.
Towns You'd Like To Buy In: 2. _______________________
1. _________________________ 3. _________________________
School District: ____________________________________________ Maximum Price: _________________ Number of Bedrooms: b_______ Number of Bathrooms:b _______
Preferred Sqft: b______ Garage Stalls: _______ Lot Size: ______ When Do You Want To Purchase By: ________________________ Your Most Important Home Features: __________________________________________________________ __________________________________________________________ __________________________________________________________ __________________________________________________________ __________________________________________________________ __________________________________________________________
BUYERS QUESTIONAIRE PLEASE TAKE A MINUTE TO FILL OUT THIS BUYER QUESTIONAIRE SO THAT I WILL BE ABLE TO HELP SERVE YOU BETTER
https://tinyurl.com/FCREBUYERFORM
$// $%287 0( I am a full time Real Estate Agent for First Choice Real Estate. I decided to get into the real estate market when I realized the doors it would open up in our market to help me give back to our community members. I haven’t lived in Iowa my whole life like many of my colleagues, but I defiantly fell in love with the area right away and have made this my home. I have a loving husband, who is in the construction business, a wonderful and smart son, energetic dalmatian and a fluffy kitty. You can certainly say we have a full house. I’ve had the pleasure of great support while building my real estate career on integrity, hard work, and the relationships I’ve built with all of the lovely people that get to call Iowa home. I will work tirelessly to help you to ensure you are connected with the best real estate opportunities. My services include but are not limited to Short Sale Vacant Land Home Staging
Selling Renting Foreclosure
Buying Condos Farm Land
Multi-Unit Relocation Investing
I can sit here and tell you I have strong negotiating skills, local market knowledge, and so forth – and of course, I do – but one thing I want to share with you, the thing that is the most important tool I can provide you in your home sale or purchase is my passion. I didn’t get into the industry to make money. I got into the industry because I fell in love with it. I fell in love with homes, the character each one had, and the beautiful people I got to help transition from one to another. I fell in love with hearing people’s stories, really getting to know their needs for their futures, and focusing on ensuring you found a home that actually met those future goals. Real estate can be a stressful thing, moving out of a home you’ve known for years can be hard, and it can be harder if you don’t have someone to partner with who doesn’t take the time to understand that. My business goes beyond the professionalism I can bring to the table, my years of knowledge about our local market and communities, and past the number of sales I’ve made thus far. Instead, it prioritizes you. How much can you afford? What motivates your move? What do you HAVE to have to make this big transition in your life? You need a real estate agent who understands that, and seeks to know the answer to those questions, and all of the other important ones that make buying and selling a reality for you. Let’s grab coffee, on me, and we’ll talk about your real estate goals. I’ll get to know your needs, I’ll share the amazing experience I can provide, and we’ll make sure your next move is in the right direction. You don’t need a computer to find your dream house, you need a professional partner who has your best interest at heart from the moment you call to even after we close. I’m doing more than just selling houses in our community, I’m helping you bring your dream home to life.
0< 3/('*( 2) 35()250$1&( BECAUSE I AM COMMITTED TO PREPARING YOU TO BE AN EDUCATED BUYER, I WILL: …give you the most vital and up to date information on available homes …check applicable zoning and building restrictions …disclose all known facts about properties I show you …collect pertinent data on values, taxes, utility costs, etc. …point out strengths and weaknesses of all properties you choose to view …explain forms, contracts, and settlement procedures
BECAUSE I AM COMMITTED TO HELPING YOU SAVE TIME, I WILL: …provide ready access to all MLS listed properties …assist you as requested on all unlisted properties …help you select for viewing only homes that fit your needs …show you only homes in the price range most suited to your finances …arrange for necessary property inspections
BECAUSE I AM COMMITTED TO HELPING YOU FIND THE BEST VALUE, I WILL: …prepare studies of property values in chosen areas …perform a market analysis on chosen properties …see that you get a complete estimate of all costs involved …advise on offers on properties …write and negotiate your purchase agreement to the seller …negotiate on your behalf
BECAUSE I AM COMMITTED TO YOU MY BUYER - I WILL DO ALL OF THIS- PLUS: …keep your personal information confidential …stay in touch with you from the start your search until the day you move in. …coordinate all aspects of the sale and closing …be given a commission only when after a successfully closed transaction
Signature______________________________
81'(567$1',1* $*(1&< :+2 :25.6 )25 :+20" In Iowa, Real Estate brokers and their salespersons are required to disclose the type of working relationship they have with the buyers in a real estate transaction. There are several types of relationships that are available to you. You should understand these at the time a broker provides specific assistance to you in buying real estate. Buyer’s Agent and Seller’s Agent relationships are commonly referred to as “agency” relationships and carry with them legal duties and responsibilities for the broker as well as for the buyer and seller.
DUTIES OF THE SELLER’S AGENT SELLER
BUYER
• Agent will represent the best interests of the seller • Agent will owe the buyer the fiduciary duties. • Agent must give the buyer all material facts so that the seller can make an educated decision.
DUTIES OF THE BUYER’S AGENT BUYER
SELLER
• Agent will represent the best interests of the buyer • Agent will owe the buyer the fiduciary dutie • Agent must give the buyer all material facts so that the buyer can make an educated decision.
DUTIES OF AGENT REPRESENTING BOTH • AND SELLER (DUAL AGENCY) BUYER
BUYER
SELLER
• Agent represents both the buyer and seller equally. • Agent’s objective is to facilitate a mutually satisfactory agreement among all parties • Agent gives all options to the buyer and the seller • All parties have confidentiality. Agent may do nothing to the detriment of either the buyer or the seller. • Both the buyer and the seller have the right to counsel. Before making any decision, both parties have the right to seek outside counsel
FINANCING 7+( 5,*+7 /2$1 The mortgage industry isn't cookie cutter. There are a variety of loan programs available to help suit your needs and purchasing power.
• FHA Loans - 3% Down • Conventional - 5% Down • USDA - 0% Down • VA - 0% Down • Private Lenders - 0% to 50% down. Most traditional banks will require a credit score of 640 with a 2 - year work history. You may find a few local lenders that have the opportunity to purchase a home with a credit score as low as 580, as long as their application details meet the application requirements.
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7+( %8<,1* 352&(66 67(3 %< 67(3 CLOSING BUYER START
Buyer Final Walk-through.
SELLER START
You consider the purchase of a (new) home.
Closing is scheduled by Agents w/ lender, attorneys, Buyer & Seller.
You consider selling your home.
Begin searching on the web and Open Houses.
Appraisal is ordered by Lender.
Schedule a Buyers Consultation.
All contingencies are met by all parties
Select Me! As your selling agent Prepare your home for sale.
Interview and select a Lender
Inspection results are negotiated.
Be pre-approved and get your price range
Abstract is turned over to Seller's Attorney
I will markets your home.
We search homes that meet your criteria.
Inspections are ordered
Prospective buyers view your home.
We will Write, Present & Negotiate offer on home of your choice
Closing Attorneys are selected and offer is sent to ALL parties
An offer is presented, & negotiated.
Possible Contingencies: Inspections Subject to Sale Financing
List your home.
Possible Contingencies:
OFFER ACCEPTED BUYER/ SELLER
Proof of Insurability Subject to Purchase of Home of Choice
Once you have found the home you wish to purchase, you will need to determine what offer you are willing to make for the home. It is important to remember that the more competition there is for the home, the higher the offer should be – sometimes even exceeding the asking price. Put yourself in the seller’s shoes and imagine how they may react to everything you’re about to put in your offer. Oral promises are NOT legally enforceable when it comes to sale of real estate. Please be sure you have communicated in writing everything you want to be included in the offer. To communicate your interest in purchasing a home, we will present the listing agent with a written offer. When the seller accepts an offer it becomes a legal contract. When you write an offer you should be prepared to pay an earnest money deposit, typically $500-$2000 in this area. This is to demonstrate that your intention is to purchase the property. After we present your offer to the listing agent it will either be accepted, rejected or the seller may make a counter offer. This is when we will negotiate terms of the contract if necessary.
5
ITEMS WE NEGOTIATE
PRICE TERMS INCLUSIONS POSSESSION CONTINGENCIES
WE WILL CONSIDER THE FOLLOWING PRICE
Condition of home New home improvements Market conditions Seller’s motivation Seller concessions do you want them to pay closing costs? (Expect to pay a little more)
EARNEST MONEY
You will need to put up some money to show the seller you are sincere about purchasing the home. I can give you guidelines on how much to offer.
FINANCING CONTINGENCY
You will probably need a mortgage. Even if you are pre-approved the lender will still need time to get the appraisal done, order title, etc.
HOME INSPECTION
Do not skip this. It is money well spent in the long run. If the home has major issues, you’ll want to know before buying it, not when you’re stuck with it after closing.
DISCLOSURES
Make sure you receive all proper seller disclosures. Federal law requires the seller to disclose all material defects that they are aware of.
MULTIPLE OFFERS
It doesn’t have to be a ‘hot’ market for a seller to have the luxury of choosing between multiple offers. If you find yourself in a multiple offer situation, don’t panic and don’t withdraw your offer – you could be the highest bidder. Go through at least one round of negotiations before you decide to withdraw. Have a price in mind of where you want to go and stay in the game until the price is reached. Many buyers lose the property by pulling out too soon.
029,1* '$< When your move in date is near, you'll want to make sure to collect the proper information for the home to make your transition as smooth as possible. • Property Address: b______________________________________ • Electricity Company: b___________________________________ • Trash Company: b________________________________________ • Trash Pick-Up Dates: b___________________________________ • Water Company: b_______________________________________ • Sewage Company: b______________________________________ • Gas Company: b__________________________________________ • Elementary School: b_____________________________________ • Middle School: b__________________________________________ • High School: b____________________________________________ • Alarm System: b__________________________________________ • Extra Notes: ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ _______________________________________________ _______________________________________________
029,1* '$< <285 5($/,7< 7($0 5267(5 The following is a roster of the members of YOUR real estate team. Please keep this book with you throughout the home-buying process. It is also very helpful if you keep it for future reference.
ADDITIONAL CONTACT _____________________
Thank you for taking the time to review this guide. This information was prepared for you to answer any questions you may have and to prevent and future misunderstandings between my clients and myself. I look forward to working with you in the near future and feel certain that you will be happy with my services. AN ONGOING RELATIONSHIP WITH MY CLIENTS I promise to provide you with my dedication, care, and support to satisfy your real estate needs. Please never hesitate to call. I’m never too busy to just catch up or answer any questions you may have about real estate. While the Closing may mark the end of the purchase process, I hope it will mark the beginning of our ongoing relationship. YOUR REFERRALS ARE KEY! Maintaining ongoing relationships is part of my commitment to provide a level of real estate service well above and beyond expectations. My clients share their positive experiences with friends and associates who then seek me out. This allows me to build a successful real estate practice. If you are happy with my service I hope you will spread the word and send people my way so I can help them the same way I helped you. It is so important for you to know I take the opportunity to work with you or anyone you refer to me very seriously.
SHEILA BUDELIER LICENCED REAL ESTATE AGENT IN IOWA
(M) 563 210-9781 (O) 563 732-2600 www.muscatinemls.com sbudelier11@gmail.com 115 W 4th St, Wilton IA 52778