In Tune Along the Way
When you purchase a home in Memphis, there are certain steps you can
expect to keep you "in tune" along the way:
Getting acquainted
Expect to spend some time with me discussing your housing needs.
Together we determine the preferred location, style, size, features,
schools, and other important issues. I then locate a variety of suitable
homes for you to choose from.
Prequalification
My goal is the same as your goal: to find the perfect home for you.
To that end, I set up a "pre-qualification" interview with a mortgage
lender before beginning your search. If you know your exact financial
limits, you will feel more comfortable during your home search and have
more clout in negotiations because financially qualified buyers are
generally received more favorably by sellers. I want to make sure you
have every advantage in purchasing your home.
Beginning the search
Your time is valuable. My staff and I research and identify the most
desirable homes which match your requirements - including homes on the
market in the last twenty-four hours. It is important to locates the
"hot" properties which frequently sell very quickly.
Previewing homes
To save you needless viewings, I frequently call the listing agent or
personally preview some or all of the homes, eliminating those, which
upon closer investigation, do not meet your requirements.
Appointments
I set up all the showing appointments, allowing plenty of time to
inspect each of the homes. I arrange for travel to from the homes and
promise a fun-filled, house hunting experience!
Feedback
To make the process smoother, I give you a "home features checklist"
where you can record your comments on the pros and cons of each home.
Your feedback provides the information necessary to narrow the search to
just the right home for you.
Second visits
After viewing a variety of homes, two or three will stand out to you
as the most likely candidates. I make the necessary arrangements for a
return visit to these homes, allowing plenty of time for a more thorough
inspection of each one.
Making the choice
Once you have logically narrowed the search to the homes which suit
you, you can relax and make an informed decision. Feel safe and secure
knowing that Judy will be by your side, holding your hand and guiding
your path to your new home.
Earnest money
When you decide on the home you wish to purchase, you make a written
offer accompanied by an "earnest" money check. The amount of earnest
money reflects the sincerity of the buyers' intentions to complete a
purchase. In the Memphis area the expected amount of your earnest money
check ranges from 1-2% of the purchase price.
Purchase agreement
Your written offer is called a Purchase Agreement. Your purchase
agreement states the price offered, details of financing, possession
date, settlement (closing) date and other conditions of the sale. I
counsel and assist you, of course, through this entire procedure.
Paperwork
I manage all paperwork involved which includes:
- A business disclosure agreement detailing my fiduciary
responsibilities to you, the customer, and in what capacity I
represent you in this transaction.
- A seller's property disclosure form detailing all pertinent
items that relate to the property and any known defects of the
property.
Negotiations
I present your purchase agreement to the sellers' agent along with
support information justifying your offering price. The seller's agent
then "works" the offer with the seller and conveys their response to me.
This process is repeated with counter offers until a successful
agreement on price and terms is reached.
Mortgage application
Once the agreement is reached by all parties, I arrange for you to
meet again with the mortgage company to complete your application for
finance. Detailed employment history information and financial records
are required for this step. I will give you a list, prior to your visit
to Memphis, of the records you need to collect for the mortgage company.
Now you can sit back and relax while I manage your transaction to a
successful conclusion, making sure that all inspections, appraisals, and
paperwork are completed in order for you to close on the date you and
the seller have agreed upon.
Relax
Now you can sit back and relax while I manage your transaction to a
successful conclusion, making sure that all inspections, appraisals, and
paperwork are completed in order for you to close on the date you and
the seller have agreed upon. |
