Home Buyer Guide - For Jimile Shunnarah

Table of Contents

1.

The Fred Smith Group- Our Team

Buyer Testimonials

Why Hire a Fred Smith Group Agent

Home Buying Process

Pre-Approval and Mortgage Lenders

Importance of Inspection and Home Inspectors

Lender Required Reports

Transferring Utilities

What to Expect For Closing

Real Estate Offer Paperwork & Contracts

a. RealtySouth: Real Estate Consumer Agency Disclosure (RECAD)

b. RealtySouth: Buyer Agency Agreement

c. RealtySouth: Affiliated Business Agreement

d. RealtySouth: Purchaser’s General Financed Contract

e. Personal Property Addendum

f. Lead Based Paint Addendum

2. 3. 4. 5. 6. 7. 8. 9. 10.

Liza's Buyer Testimonials

Liza is extremely knowledgeable, insightful, and helpful. She navigated us through a difficult market and led us to a home that we absolutely love. She recognized every minor thing that we liked and disliked and incorporated our preferences when recommending homes. She was patient with us as we went to showing after showing, and she never hesitated to offer her insight on a particular home. I cannot more strongly recommend Liza.

~ Bought a home in Hoover, AL

Professional, responsive, knowledgeable and enthusiastic. That is what you can expect when you work with Liza Roitman. Liza is known as one of the best and most knowledgeable agents in our area with over ten years of experience selling properties and homes throughout the Birmingham area with a proven track record of success. What really sets her apart is her commitment to her clients. I would highly recommend Liza to assist with all your real estate needs.

~Bought a home in Homewood, AL

Liza was very easy to work with. She made the process of purchasing our house very easy and helped us fully understand each step along the way. We would definitely recommend her to those looking to purchase real estate.

~Bought a home in Homewood, AL

Why Hire a Fred Smith Group Agent

Fred Smith Group is #1

Our success is unmatched. We are the #1 group in

RealtySouth in Birmingham

You Don't Pay the Commission!

The Seller normally pays the standard realtor commission fees. Buyers only pay $299 flat service fee at closing

Negotiating Skills

We have access to comparables that help you purchase your dream home at the best possible price

Coming Soon Homes

Realtors® view Coming Soon homes for you before they are listed. RealtySouth Crestline has 67 agents in the office and we are the first to hear about homes that may be coming on the market. Our team constantly networks to know what’s out there before it hits the market.

Expert Guide

Buying a home usually requires dozens of forms, reports, disclosures, and other technical documents. We help you prepare the best deal and avoid delays or costly mistakes.

Time Saving

We schedule all showings so that you may spend your time looking at your dream home. See a ForSaleByOwner that you like? We’ll handle it!

Connections

Wehaveconnectionstolenders,contractors,movingcompanies,etc.Checkoutoursourcebookonour websiteforacompletelist:

https://wwwfredsmithgroupcom/source-book/

Home Buying Process

Pre-Approval & Mortgage Lenders

Completeanofficialmortgageapplication.

Supplythelenderwiththenecessarydocumentationtoperformanextensive checkonyourfinancialbackgroundandcurrentcreditrating.

Determinetheloanamountyouareapprovedforandmonthlypaymentestimate. Thiswillallowyoutofocusontherightpricerangehomes.

Helpsdeterminetheamountofmoneythatwillbeneededtobringtoclosing (typically3%ofthehomepurchaseprice).

Completingthisaheadoftimeinsuresthatyoupositionyourselftomakean attractiveofferassoonasyoufindyourhome.

Prosperity Mortgage

Sean Hentz

(205) 540-3453

Sean.Hentz@phmloans.com

Mortgage Banc

Ben Chenault

(205) 986-4220

bchenault@mortgagebancllc.com

Guild Mortgage

Adam Snable

(205) 370- 9231

asnable@guildmortgage.com

Regions

Laurie Trimm

(205) 837-3780

laurie trimm@regions com

Bryant Bank

Carl Albright (205) 377-7220

carl albirght@bryantmortgage com

First Federal Bank

Jordan Hardwick

(205) 391- 6700

jhardwick@1stfed.com

McGowan & King

Warner McGowan

(205) 879- 7775

warner@mcgowinking com

Birmingham Mortgage

Turenne Newell

(205) 276-8946

turenne@bhammortgage com

Inspection

Home Inspection

A home inspection is a visual examination of the structure and systems of a house from the roof to the foundation. The report should cover the condition of the home’s heating system, air conditioning, interior plumbing and electrical systems, the roof, attic and visible insulation, walls, ceiling, floors, windows and doors, foundation, basement, and structural components. We recommend to always have an inspection completed by a certified inspector.

Home Inspectors

Days Jeff Brown. Home Pro (205) 981-1460

Joseph Brown Brown Professional Home Inspections (205) 249-7147

Spencer Brothers Sterling Inspection Services (205) 960-1090

Chris Datka A Closer Look Inspection (205) 492- 3315

Andrew Griffith Griffith Home Analysis (205) 871-1007

Meredith Jones Jones Warren (205) 503-5776

Bruce Smith Rescue Me Home Inspections (205) 467-4064

Tony Ponds (205) 937-3100

Harvey Trueblood (205) 903-4508

John Humphries Team Pillar to Post Home Inspectors (205) 821- 8157

Lender Required Reports

Appraisal

A report used to establish a value of the property. Payment is usually included in the closing costs

Termite Bond

A contract between a homeowner and a termite control company The bond outlines the frequency and type of treatment to be provided.

Wood Infestation Report

A report of visible infestation and damage cause by insects, termites, beetles, and decay in accessible are of the structure. As a protective measure, the lending institution require that homes be inspected for damage from termites and other wood destroying organisms before they will loan money for the home.

Survey

An assessment of property lines that determines the exact amount of land a person owns This will show any easements or encroachments on a property.

Home Insurance

Property Insurance is designed to protect an individual’s home agains damages to the house and/or possessions; It also provides liability coverage against accidents in the home or on the property.

Birmingham Area Schools

Closing Day

What to Expect For Closing?

Be prepared to wire funds or have a Cashier’s Check available from your bank or mortgage lender. Always call the Attorney to confirm wiring instructions. No personal checks are allowed at closing.

Determine an available date you will be in town and able to attend the closing.

All people signing the contract must be present.

Bring your Driver’s License

Time Frame: Expect about an hour to complete.

New keys to your new home!

Offer Paperwork / Contracts

RealtySouth: Real Estate Brokerage Service Disclosure (RECAD) RealtySouth: Affiliated Business Agreement

RealtySouth: Buyers Agency Agreement

RealtySouth: General/Financed Contract (Offer) & Buyer Disclosure

RealtySouth: Addendums

a. Personal Property

Lead Based Paint

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b.