The Agent Creative - Buyer Guide

Page 1

Buyer's packet



so you want to

buy a home? We designed this guide to help buyers understand the process of buying a home. It's a complicated process that we aim to make fun and less stressful. Let's get this party started!


That's Erica and Adam. Founders and creatives behind The Agent Creative. While home searching they noticed a theme... Real Estate is BORING! The Agent Creative was born to shift the market from the dull to the exciting! They're here to provide creative solutions to modern real estate.

meet us

Born and raised right here in Atlanta, Georgia, Erica, the brains behind the operation, has a strong entrepreneurial background and has founded three successful businesses, which are all creativity driven. She is organized and thrives on the logistics of the entire home buying and selling process.

erica travis Adam, the Chief Creative Officer, has spent the past ten years in the experiential marketing field (aka : giving away free stuff), representing big brands such as Toyota, Dunkin' Donuts and Cricket. He works hard to bring these skills to a marketing role within The Agent Creative.

adam woodford

Together, they are a strong, creative, out-of-the box team determined to turn the Real Estate industry on its head! Erica and Adam currently live in Decatur with their amazing dogs, Whiskey and Barley. When they're not busy with Real Estate, they love to travel and play trivia at several local spots.


customer testimonials MARIA + ROBERT H. My husband and I used Erica and Adam to sell and buy a new house. The whole process was a great experience for us! They are so knowledgeable and responsive. They have an eye for detail and really go to bat for their clients. We were glad to have such a great team in our corner during a big transition. They helped to alleviate a lot of the stress that comes from buying and selling and made the process fun!

BRANDON R. Erica and Adam are like the Hall and Oates of real estate. Most other agents are so... Out of Touch... #fingerguns?? No but seriously, Erica's attention to detail and genuine care for the customer and to find the absolute right home for the buyer, mixed with Adam's passion, just made the experience so easy, fun, painless, amazing, organized, educational, awesome... and 100 other adjectives I could add. If I buy another house in ATL, I would love to work with them again. I'll never use another agent... I Can't Go for That... No Can Do... #morefingerguns

NIKKI T + JAKE G. Erica and Adam at The Agent Creative are some of the best real estate agents you could ask for! They're passionate about what they do and helping people, and just about people in general. They listen to what you want and take a genuine interest so they can help you find the best fit. They work fast and efficiently, and were able to pivot with us as we needed throughout our very complicated property search. You'd be hard pressed to find a better, more motivated team.


steps to a

home purchase

STEP 1

LENDER PRE-APPROVAL PREVIEW HOMES WRITE OFFER & NEGOTIATE PRICE

STEP 2

HOME INSPECTION POST INSPECTION AGREEMENT ORDER HOME WARRANTY (OPTIONAL)

STEP 3

TITLE SEARCH APPRAISAL ORDERED BY LENDER FINAL COMMITMENT LETTER BY LENDER

STEP 4

SCHEDULE UTILITY TRANSFER FINAL WALK THROUGH CLOSING

congratulations!

You're a homeowner


STEP 1

DETERMINE HOW MUCH YOU CAN AFFORD: Lenders typically recommend homes with a cost no more than three to five times your annual household income, with a 20% down payment and moderate amount of other debt.

GET PREQUALIFIED AND PREAPPROVED: Initially you'll provide some financial information to your lender - such as your income and amount of savings.

For preapproval, your lender will need W-2 statements, paystubs, bank account statements and to run a credit check.

PREVIEW HOMES & WRITE OFFER : After touring homes in your price range, I'll assist you in writing an offer on the right home. We'll present a fair offer based on the value of comparable homes in the area. We may need to negotiate this offer with the sellers until accepted.


r: o f tips

MORTGAGE FINANCING Always check with your lender before doing any of the following prior to closing on your home:

making a big purchase: Avoid making major purchases, like buying a new car or furniture, until after you close on the home. Big purchases can change your debt-toincome ratio that the lender used to approve your home loan and could throw the approval into jeopardy.

opening new credit: Do not open any new credit cards or get a loan without speaking to your lender first.

missing any payments: Pay your bills on time to keep your credit score from dropping.

cashing out: Avoid any transfers of large sums of money between your bank accounts or making any undocumented deposits - both of which could send "red flags" to your lender.

keep the same job: Be kind to your boss and keep your job. Don't begin looking for new work right now, unless it's a second job to make extra money.


STEP 2

HOME INSPECTION

POST INSPECTION HOME NEGOTIATION WARRANTY

The first 7-14 days after

After the home

A home warranty can

going under contract is

inspection, we will

be purchased to cover

referred to as your Due

request repairs, asking

repairs and

Diligence period. This is

that items considered

replacements on

your time to do your

defective or problems

systems and

"due diligence" on the

relating to the safety

appliances in your

home. This includes

of the home are

home, usually for a

having any inspections

corrected prior to

period of a year. This

necessary to make sure

closing.

may include coverage

you feel 100%

of your home's

comfortable with the

electrical, plumbing,

purchase.

heating, and air conditioning systems as well as other home appliances.


STEP 3

APPRAISAL TITLE SEARCH

An appraisal is an estimate of the value of a property. Although the primary goal is to justify the lender's investment, the appraisal can also protect you from overpaying.

Title is the right to own, possess, use, control and dispose of property. When purchasing a home, you are actually buying the seller's title to the home.

Your lender will typically hire the appraiser and charge you a fee for the service at the closing.

Before the closing, a title search will be conducted by the closing attorney for any problems that might prevent you from a clear title to the home. You will also want to determine how you wish to hold title to the property especially if you're buying with a spouse, a partner, family member, or colleague.

FINAL COMMITMENT LETTER After the lender approves your loan, you will get a commitment letter that stipulates the loan term and terms to the mortgage agreement. This final commitment letter will include the annual percentage rate and the monthly costs to repay the loan. It will also include any loan conditions prior to closing.


STEP 4

A FEW THINGS TO BRING TO CLOSING A valid government issued photo ID Personal check in case your wire transfer is short Outstanding documents for the title company or mortgage loan officer

CLOSING THE CLOSING PROCESS FINALIZES THE PURCHASE OF YOUR HOME AND MAKES EVERYTHING

WHAT TO EXPECT The escrow officer will look over the purchase contract to: identify what payments are owed and by whom; prepare documents for the closing; conduct the closing; make sure taxes, title searches, real estate

OFFICIAL. ALSO

commissions and other closing costs are paid; ensure

KNOWN AS

that the buyer's title is recorded; and ensure the seller

SETTLEMENT, THE CLOSING IS WHEN YOU RECEIVE THE DEED TO YOUR HOME. PRIOR TO CLOSING, YOU SHOULD CHANGE ALL UTILITIES INTO YOUR NAME, AND

receives any money due.

YOUR COST

Some of the most common fees include: Escrow fees Recording and notary fees, if applicable Title search and title insurance

COMPLETE A FINAL

Origination, application and underwriting fees from

WALK THROUGH TO

lender

CHECK FOR ANY OUTSTANDING ITEMS.

Appraisal fees Local transfer taxes Homeowners Insurance Home Owners Association fees, if applicable

AFTER CLOSING

Make sure to keep copies of all closing documents for tax purposes.


QUICK GLANCE timeline

Curious how long all of this will take? Here's a general guideline for each step of the process.

lender pre-approval

2+ days, depending on how quickly you get the requested documents to the lender. You'll definitely want a pre-approval (NOT a pre-qualification) before we start seriously shopping for your home.

Home Shopping This one is totally up to you. We've found houses for buyers on our first day looking. We've also had buyers who looked for months before finding the perfect home. We're in it with you, no matter how long it takes!

Offer Approval Once we find the perfect place, we usually know within 48 hours if your offer is accepted.

Inspection Period - Due Diligence Depending on the terms of your offer, you'll generally have between 7-14 days to complete your inspections, with 10 days being most common.

Closing Standard closings take 30 days on average. This time frame could go up or down, depending on the time your lender and closing attorney need to do their paperwork.


lenders

we love

Fairway Independent Mortgage - The Moore Team 404-373-3411 info@mooreteam.biz

Highland Mortgage - Mark Milam 404-395-1102 mark.milam@highlandmtg.com

Mortgage Brothers - Mark Auger 404-550-6077 mark@mortgagebrothersatl.com

Northpointe Bank - Laura Witte 404-456-8291 laura.witte@northpointe.com


whew! We know that's a lot of information, and honestly, that's just a surface level overview of the process. Lucky for you, we're really, really good at this stuff and we will help guide you along the way. We look forward to helping you. Let us know if you have any questions!



www.theagentcreative.com

404.936.0683 erica@theagentcreative.com adam@theagentcreative.com