Buyer Guide/ Agreement 2023

Home Buyer Guide: Presented by T.C. Hyatt & Associates

What Buyers Want Mos,1 from their real estate pro

Top 3 Things That BuyersWant Most from their Real Estate Professional*

0 Help find the right home

f) Help with negotiations

@ Help with paperwork including financing

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REPRESENTATION:

Meet the Hyatt’s Homes Team:

T.C. HYATT, Broker & Listing Specialist—

As a caring and knowledgeable Snohomish County Real Estate professional, T.C. Hyatt boasts over 20 years of Real Estate experience in the Snohomish County area. T.C. currently lives in the Mill Creek area with his wife and three adorable daughters. Whether it’s for his family or his clients, T.C. pours himself into everything he does. He is committed to making the buying and/or selling process a seamless and rewarding experience from beginning to end.

As a result of T.C.'s time, effort and client attention he is known as "a neighborhood and client expert". T.C. strives to perpetuate 100% customer satisfaction with every transaction.

Luda Shevchuk, Broker & Buyer Specialist—

As a Buyer’s Specialist with the Hyatt’s Homes Team, Julie offers a first-class home buying experience to all of our clients. With her past Real Estate education, knowledge of Snohomish County and years of sales experience Luda can turn the stress and uncertainty of buying a home into the exciting event it should be. Luda has been well educated in the various changes in our housing markets and is able to successfully guide our clients on the journey of buying a home. With Luda’s incredible customer service and an easy personality, you will truly enjoy your time finding for your perfect home.

Joy Miller, Executive Assistant and Transaction Coordinator—

As the Executive Assistant and Transaction Coordinator with the Hyatt’s Home Team, Joy is available in the office to field calls, email and manage transactions. In Joy’s 11 years as a member of our team she has handled the everyday flow over 550 properties and is the very best at what she does. Joy’s 21 years of Real Estate knowledge and professionalism has been an enormous contribution to our team and I have no doubt you will enjoy corresponding with her throughout your transaction.

WHY BUY WITH US?:

Experts in strategies and negotiations.

As your trusted advisor and advocate we will be your representative throughout the entire process.

Available staff to assist with paperwork.

1 yr. Home Warranty provided to all Buyer Clients.

Superior Real Estate experience and Market knowledge to help you make an informed decision.

Hyatt’s Homes Team

We allow you to control your home search process.

From the home search to the day you get your keys, we are committed to you.

We will anticipate and communicate with you from home search to closing day.

Listen, discover and understand what’s important to you.

Property Tracker, Market Insights updates, and Mobile App with GPS home search tools.

PROPERTY SEARCH TOOLS:

Property Tracker with Market Insights:

• Receive emails alerts of newly listed properties as soon as they hit the market.

• Create and save your searches.

• Get status updates of your favorite properties.

• Received monthly insights on any saved searches (Market activity and trends, stats, 6 month comparison, average prices and supply of inventory).

• Allows for easy access to search for homes anywhere, anytime.

• The GPS feature allows you to see all properties (active, pending or sold) in your vicinity.

• Connects you to your Property Tracker account to save favorites on the go.

• Comprehensive property details with photos.

• Road and satellite map views.

JLS Mobile App:

1 YEAR HOME WARRANTY:

*For our client’s piece of mind the T.C. Hyatt Team provides a 1 year home warranty to all Buyer Clients at closing.*

What is a home warranty? A home warranty is a renewable service contract offering protection for a home’s major systems and appliances. A home Warranty can protect home sellers from costs and delays during the listing period as well as protect homebuyers from costly breakdowns after closing.

What are the benefits? With a First American home warranty, when a covered system or appliance fails, if we can’t repair it, we’’ replace it.

*We have a network of independent pre-screened service providers and technicians and we are committed to providing you with outstanding service and value.

ESTIMATED CLOSING COST/LOAN FEES:

FINDING A HOME:

WHAT’S IMPORTANT TO YOU?

Define Your Goals and Expectations:

school district, close to work, easy commute, parks/trails, secluded, intown, waterfront etc.)?

Location: Where are you looking to live and what is important to you in the area (specific

A/C, highspeed internet, HOA etc.)?

floor, bonus rm/loft, home office, large garage (3+ car, workspace), shop, outdoor living space,

Home Wish List: What extras are you looking for in your home (primary bdrm on the main

Lot Size: ____________

Condition: (turnkey,fixer,light update/DIY): ______________________

Price Range: _______________

Sq. Ft.: _____________

Bdrms: __________

Baths: _________

Home Specifics:

Have you been Preapproved/Certified

Mortgage

Ready? Y / N

Have you met with a Mortgage Advisor? Y / N

Phone No(s):___________________________

Email(s):_______________________________

Name(s):_____________________________________________________________________

Buyer Information:

BUYER READY, DAY ONE:

Contact a Mortgage Loan Advisor to discuss your loan options. Make Application and get Certified Mortgage Ready to be one step ahead of competing Buyers.

Donovan Pittman, Mortgage Loan Advisor donovan@northshorecf.com

Phone: 206-818-6852

www.donovanpittman.com

FINDING THE RIGHT HOME:

Contact a Buyer Specialist. Discuss your property specifics and location with your Buyer Specialist to build your property search. Drive unfamiliar areas to eliminate any undesirable areas to narrow your search. Have your Buyer Specialist set you up on the Property Tracker and download the Mobile App.

Luda Shevchuk , Buyer Specialist

Ludasv@johnlscott.com Phone:

425-350-3808

Www.tchyatt.johnlscott.com

MUTUAL AGREEMENT:

Congrats! At this point your offer was chosen by the Seller and the contract/PSA has been signed. Prepare and deposit your Earnest Money with your assigned Escrow Team on time to avoid default.

*Typical Earnest Money amount is 1%-2% of the purchase price.

Provide updated financial documentation to your Mortgage Loan Advisor.

APPRAISAL AND LOAN COMMITMENT:

The Hyatt’s Homes Team Transaction Coordinator will provide a copy of the Mutual Contract/PSA to your Lender. Make sure to request your Lender to order your Appraisal.

*The appraisal is the a Buyer’s expense and this expense is typically rolled into your loan. Provide all documentation requested by your Lender in a timely manner and work with your Lender to make sure that your loan stays on target for Final Loan Approval.

PREPARING AND NEGOTIATING YOUR OFFER:

The Hyatt’s Home Team Buyer Specialist will discuss price, terms, contingencies, concessions and timing options with you that may make your offer stronger than other Buyers looking in your search area. They will also contact the Listing Agent to discuss how many offers are in hand and what terms are most important to the Seller.

TITLE AND ESCROW:

The Hyatt’s Homes Team Transaction Coordinator will provide your Mutual Contract/PSA to your assigned Title and Escrow Team for you.

Provide any information requested by your Title and Escrow Team in a timely manner.

WEEK OF CLOSING:

Make sure to be flexible with Escrow when it comes to your Document Signing Appointment. Have your funds to close prepared. Contact your new utility providers to start services as of your closing day. Your Hyatt’s Homes Team Buyer Specialist will schedule your final walk-through.

HOME INSPECTION:

Choose a Home Inspector and conduct your Home Inspection. The Hyatt’s home Team Buyer Specialist will review the report findings with you and come up with a negotiation strategy for your response to the Seller.

CLOSING DAY/MOVE IN DAY:

Documents will be recorded at the county and you will officially become the new homeowner! Your Hyatt’s Homes Team Buyer Specialist will discuss with you what time you will receive keys and what time you are allowed to take possession of the property.

CONTINGENCIES AND REVIEWS:

The Hyatt’s Homes Team Transaction Coordinator will provide you with all of the contract timelines for the contingencies required of you in your contract/PSA. Make sure you review and respond to documentation and contingencies in a timely manner to avoid default.

THANK YOU

for viewing our Home Buyer Guide. We understand that buying a home is one of the biggest financial and emotional investments you will make. The T.C. Hyatt Team is here to remove the uncertainty and make the process stress free from start to finish.

T.C. Hyatt, Broker / Listing Specialist

Email: tchyatt@johnlscott.com

Website: www.tchyatt.com

Phone: 425-775-2466

John L. Scott Mill Creek Town Center

15522 Main Street #P104, Mill Creek WA 98012

Luda Shevchuk, Broker / Buyer Specialist

Email: ludasv@johnlscott.com

Website: www.tchyatt.johnlscott.com

Phone: 425-350-3808

John L. Scott Mill Creek Town Center

15522 Main Street #P104, Mill Creek WA 98012

Home Inspection

at the Right Price

The

Right Home

Negotiate Contingencies Appraisal Process $ Loan Approval and/or Funds Transfer Title Review & Escrow Sign & Close Home Financing Options

SERVICE –

RESULTS

. John L. Scott is committed to guiding Y ou through the entire home buying

Your Buyer Broker’s duties are fully explained in the pamphlet entitled “The Law of Real Estate Agency,” which You acknowledge 2. EXCEPTIONAL

brokers or firms during the Term other than with respect to properties excluded from this Agreement pursuant to Section 12 below.

relationship meaning that John L. Scot t has the exclusive right and duty to represent You as a buyer and You may not work with other

and look out for Y our interests as You navigate this important transaction together. This Agreement creates an exclusive agency

supervise Buyer Broker’s performance as Buyer ’s agent (“Supervising Broker’’). This means that Y our Buyer Broker will be loyal to Y ou

“John L. Scott”) to represent You. This Agreement creates an agency relationship with Buyer Broker (s) and any of Firm’s brokers who

Scott Real Estate .

Accordingly, Firm appoints (“Buyer Broker,” and together with Firm,

1.

This

CONGRATULATIONS

(“Buyer” or “You”).

Exclusive Buyer Representation Agreement

the Distressed Homeowner an interest in, or portion of the proceeds from a resale of the property.

Homeowner to continue to occupy the property, and promises to convey the property back to the Distressed Homeowner or promises

where a buyer purchases property from a “Distressed Homeowner” (defined by Chapter 61.34 RCW), allows the Distressed

Conveyance”

as defined by Chapter 61.34 RCW unless otherwise agreed in writing. A “Distressed Home Conveyance” is a transaction

8.

NO DISTRESSED HOME CONVEYANCE. Firm will not represent or assist Buyer in a transaction that is a “Distressed Home

by the seller.

7.

V.A. TRANSACTIONS. Due to VA regulations, VA financed transactions shall be conditioned upon the full compensation being paid

investigations necessary to satisfy Buyer as to a property’s suitability and value.

regarding the value or suitability of any property for Buyer’s purposes. Buyer agrees to be responsible for making all inspections and

but You are solely responsible for interviewing and selecting inspectors. John L. Scott makes no warranties or representations

inspection of the property and its improvements. John L. Scott may recommend appropriate inspectors, based on the property ty pe,

6. INSPECTIONS RECOMMENDED. John L. Scott recommends that any offer to purchase a property be conditioned on Buyer’s

then Buyer shall pay to Firm the Compensation.

Firm, or through information secured direct ly or indirectly from or through Firm; or

(2) a property that Buyer inquired about to Firm,

purchase s a property that, during the Term of this Agreement was (1) brought to the attention of Buyer by the efforts or actions of

obligations shall survive termination of this Agre ement. If Buyer , within six (6) months after the termination of this Agreement,

until You close on a property or at any time earlier upon written notice of termination by either party (the “Term”). Buyer’ s payment

5. TERM. John L. Scott is committed to working with You until You find You r new home and this Agreement will not terminate

for the difference.

request in the purchase and sale agreement that the seller pay more compensation to the Firm. Buyer remains responsible

b. If seller’s offer of compensation is less than the Compensation , Buyer shall accept seller’s offer of compensation and may

Your lender and any nonallowable amount shall be paid to Firm ) ; ☐ credited to the seller; or ☐ other:

compensation. Any excess amount shall be: ☐ paid to the Firm at closing; ☐ credited to Buye r (to the extent allowed by ________________ .

will be applied towards the Compensation.

12 below. Buyer may accept the offer of compensation on behalf of the Firm and any compensation actually paid by seller to the Firm

the amount of seller’s offer of compensation, Buyer Broker will bring all listings to Your attention, unless otherwise agreed in Section

to buyers’ brokers, the offer will be disclosed in the MLS listing and will be stated in the purchase and sale agreement. Regardless of

Compensation Offered by Sell er. Many sellers will offer compensation to buyers’ brokers. In the event a seller offers compensation

will pay the Compensation within five (5) days of such breach, less any earnest money paid to and retained by the Firm.

exchange contract. In the event the purchase does not close because of Buyer’s breach of the purchase and sale agreement, Buyer

“ Compensation ” ) at closing. The Compensation will be deemed earned in full at the time Buyer enters into a purchase, option, or

Firm: ☐ _____% of the purchase price; ☐ $ _______________________ ; or ☐ other: ___________________________(the

exchange, or an option to purchase) a property during the Term (other than one excluded in Section 1 2 below), Buyer agree s to pay

4. COMPENSATION FOR BROKER’ S SERVICES. If Buyer purchase s (including a contract to purchase, an exchange or contract to

have about dual agency.

brokerage firm and buyer brokerage firm. Please review The Law of Real Estate Agency and ask your Buyer Broker any questions you

agrees that if any of the Firm’s brokers, including Buyer Broke r, act as a dual agent, Firm may receive compensation as both the listing

consent ” if no box is checked) to Buyer Broker and Supervising Broker acting as dual agents in this situation. Buyer understands and

Buyer Broker and Supervising Broker will act as dual agents in the tr ansaction. Buyer ☐ consents ☐ does not consent ( “ does not

to the Supervising Broker acting as a dual agent in such a transaction .

2. If the property You are interested in is listed by Buyer Broker,

the listing broker will represent seller, and the Supervising Broker will act as a dual agent By signing this Agreement, Buyer consents

situations.

1. You may be interested in properties listed by other brokers of Firm. In such cases, Buyer Broker will represent Buyer,

LISTED BY JOHN L. SCOTT?

GREAT!

LET’S TALK ABOUT DUAL AGENCY. Dual agency arises in two

Buyer (s) ha ve read and approves this Agreement and hereby acknowledges receipt of a copy.

12. OTHER AGREEMENTS (none if not filled in).

three years after the occurrence of the act or omission giving rise to such claim.

rise to such suit is located. The parties agree that no claim arising out of or related to this Agreement shall be asserted more than

shall be entitled to expenses and reasonable attorneys’ fee s . The venue of any suit shall be the county in which the property giving

11. ATTORNEYS’ FEES AND LIMI T ATIONS PERIOD . In the event of suit to enforce the terms of this Agreement, the p revailing party

and signed by Buyer and Firm.

contemporaneous understandings and representations. No modification of this Agreement shall be effective unless agreed in writing

10. INTEGRATION. This Agreement constitutes the entire understanding between the parties and supersedes all prior or

status, the presence of any sensory, mental, or p hysical disability, or the use of a support or service animal by a person with a disability.

creed, color, national origin, citizenship or immigration status, families with children status, honorable discharged veteran or military

HOUSING. Fair housing laws prohibit discrimination base d on sex, marital status, sexual orientation, gender identity, race,

Notes: