Home Buying Process

For a Single/Multi Family Home

Before anything!
Building a team
1. Loan Officer (choose one who you feel comfortable with and you can reach at any time!)
2. Real Estate Agent
3. Attorney (choose one who does only real estate, you trust, and you can contact at any time!)
4. Home Inspector

Get your Pre approval and then:
1. Agent emails you homes – I schedule showings
2. You find the one you LOVE so we
3. Put in a competitive offer
4. Accepted offer!
5. Inspection Time– looking for good Structure, foundation, plumbing, electric, roofing, and this is also a learning experience for you to learn about the home and how it runs!
6. Get a 30-40 page report – agent will negotiate on critical issues in the home.
7. Agent will send critical issues to the seller's agent for re-negotiation/fixing, and once approved:
8. Attorney gets involved– The seller’s attorney drafts up the contract – sends the contract to your attorney – you go in and bring in your Down Payment and sign! Then the seller signs the contract and then:
9. Executed Contract – we are now in a deal!
10. Your attorney schedules the title search.
11. Schedule the bank appraisal!
12. Waiting on a commitment from the bank.
13. Clear to close from the bank – all attorneys get a time for everyone to get together to close.
14. Final walk through together morning of/day before closing.
15. Finally closing day and you get the keys! Move in when you are ready!
16. Expect the Out of Pocket expenses (normally)– closing, down payment, inspection, free agent, and attorney.

Buying Process for a Coop OR Condo —

Let’s start the process!

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COOP PROCESS
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Before anything!
Building a team
1. Pre-approval (Make sure you qualify, most coops require 20% Down Payment!)
2. Real Estate Agent
3. Attorney (choose one who does only real estate, you trust, and you can contact at any time!)
Get your Pre approval and then:
1. Agent emails coops – and schedule showings
2. Putting in a competitive offer
3. Accepted offer!
4. We get the attorney’s involved! They start drafting up the contract, while you begin the application and get together your documents.
5. Signing the contracts and putting in down payment! You will also have a chance to check out the financials of the building and the bylaws with your attorney. Once you and the seller have signed, we are in an executed contract!
6. Now we can submit the completed application AND executed contract to the board for review.
7. They love you and now we schedule an interview!
8. You aced it therefore ACCEPTED!
9. We now get the bank involved (even though they were already doing the behind the scenes work) Time for the appraisal! And your attorney begins the title search.
10. Appraisal comes back clear and we are waiting on the bank's commitment to your loan!
11. Your attorney gets the title report back!
Clear to close from the bank and attorney– all attorneys get a time for everyone to get together.
13. Final walk through together morning of/day before closing.
14. Finally closing day and you get the keys! Move in when you are ready!
15. Expect the Out of Pocket expenses (normally)– closing, down payment, free agent, and attorney.
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CONDO PROCESS
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Before anything!
Building a team
1. Pre-approval
2. Real Estate Agent
3. Attorney (choose one who does only real estate, you trust, and you can contact at any time!)
Get your Pre approval and then:
1. Agent emails condos – and schedule showings
2. Putting in a competitive offer
3. Accepted offer!
4. We get the attorney’s involved! The seller's attorney drafts up the contract – sends it to the buyer's attorney – you go in and bring Down Payment!
Once you and the seller have signed, we are in an executed contract!
6. Executed Contract – we are now in a deal!
7. Your Attorney works on the title search.
8. Schedule the bank appraisal.
8. The title search and appraisal come back clear!
9. Next, time to get the bank's commitment! Once we have that:
10. Clear to close from the bank and attorney– all attorneys get a time for everyone to get together.
11. Final walk through morning of/day before closing.
12. Finally closing day and you get the keys! Move in when you are ready!
13. Expect the Out of Pocket expenses (normally)– closing, down payment, free agent, and attorney.

Before anything!
Building a team
1. Finding a Real Estate Agent that fits your needs!
2. Choose your Attorney, choose one who does only real estate, you trust, and you can contact at any time!

AND THEN:

1. Set up a meeting to meet at your home with your agent. This way you can show them your home and they can price it accurately in today’s market.
2. Pricing your home right the first time!
3. You will be given all of their marketing techniques so you know how they will be getting the most exposure for your property.
4. Putting up the For Sale sign!
5. Showing your home.
6. Offers are rolling in and you accept one!
7. Inspection time!
8. Attorney gets involved– Your Attorney prepares the contract and sends it to the Buyer’s Attorney for review.
9. The Buyer brings in their Down Payment and signs the contract.
10. You meet with (or virtually) your attorney and sign the contract.
11. Executed Contract – we are now in a deal!
12. Your attorney, after receiving the loan commitment letter from the buyer (if there is a mortgage contingency clause), and the title search report.
13. Clear any problem in the title search report.
14. We order the payoff letter from your current mortgage bank (if applicable)
15. We schedule the bank appraisal.
16. Clear to close from the bank and attorneys – all attorneys get a time for everyone to get together
17. Final walk through morning of/day before closing.
18. Finally closing day and you hand over the keys!
19. Expect the Out of Pocket expenses (normally)– transfer tax, sellers and buyers commission, and attorney.

Selling AND Buying Process

It’s a big list but it’s not impossible!

Before anything!
Building a team
1. Finding a Real Estate Agent that fits your needs!
2. Choose your Attorney, choose one who does only real estate, you trust, and you can contact at any time!
3. Home Inspector

AND THEN:

1. Set up a meeting with your agent to meet at your home. This way you can show them your home and they can price it accurately in today’s market.
2. Pricing your home right the first time!
3. You will be given all of their marketing techniques so you know how they will be getting the most exposure for your property.
4. Putting up the For Sale sign!
5. Start showing your home.
6. Agent and yourself will start looking for your next home during this time!
7. Offers are rolling in and you accept one!
8. Inspection time for the buyer!
9. Attorney gets involved– Your Attorney prepares the contract and sends it to the Buyer’s Attorney for review.
10. The Buyer brings in their Down Payment and signs the contract.
11. You meet with (or virtually) your attorney and sign the contract.
12. Executed Contract – we are now in a deal!
13. Now it’s time to get serious about looking for you next home! You can use this Executed Contract as a “Proof of Funds/Preapproval” when you find a home you want to submit an offer on.
14. You find a home for you and you are ready to put in an offer!
15. Offer Accepted!! Time for Inspection!
16. You will get a 30-40-page report – Agent will negotiate with the listing agent on critical issues.
17. Get your attorney involved that way they can take care of both transactions of selling your home and purchasing your home (doing a title search for your new home).
18. You sign the contract for the purchase of your home and bring in the DP to your attorney.
19. Your attorney, after receiving the loan commitment letter from the buyer on the sale of your home (if there is a mortgage contingency clause), and the title search report.
20. Clear any problem in the title search report for the sale of your home.
21. We order the payoff letter from your current mortgage bank (if applicable)
22. We schedule the bank appraisal for the sale of your home. (You do not need an appraisal for your new home since you are essentially purchasing it in CASH!)
23. Clear to close from the bank and attorneys for the sale of your home– all attorneys get a time for everyone to get together
24. Your attorney gets the title back from the purchase of your next home and all good to go to close.
25. We try to schedule both of your closings on the same day OR within a couple days of each other.
26. Final walk through for YOU on your purchase and for your BUYERS on their purchase. (Final walk through morning of/day before closing.)
27. Finally closing day and you hand over the keys and you get some new keys as well!
28. Expect the Out of Pocket expenses (normally)– closing, down payment, inspection, free agent, and attorney.

Do you need a Transaction Coordinator?

Having a TC will give you more time to grow your Real Estate business because you have less to worry/follow up on🔥! So here’s what I can do for you:

•You will be hands off after an Accepted Offer and a scheduled Inspection (if needed)

•Considering this would be a business expense, my fee is a write off! 💸

•Frees up time for you to go and get more business and grow! ⏰

•I have an extensive list of lenders, appraisers, home inspectors and attorneys that I can recommend based on the deal if needed

•All docs will be added to your CRM/sent to your office making it easy to get your check when the deal closes 🤑

•A Slack channel/text group chat will be created for your deal including both listing and buyers agent for all updates 🏆

•Looks and sounds more professional to your clients as I am being passed off as a member of your team

•When submitting an offer, to be at the top of their list, you can now include a FREE Transaction Coordinator for them to use

•Will follow up with your client on your behalf 3-6 months after closing to get you more referrals!

•My payment will be upon closing!

Feel free to call me if you have any questions 631-793-5425. Look forward to helping you crush it!

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