Competitive Marketing and Sales Al Lewis Real …media.makemyhousefamous.com/20501/09 Estimated...
Transcript of Competitive Marketing and Sales Al Lewis Real …media.makemyhousefamous.com/20501/09 Estimated...
CompetitiveCompetitive
Marketing and SalesMarketing and Sales
byby
Al LewisAl Lewis
Real Estate ProfessionalsReal Estate Professionals
Allstate MarketingAllstate Marketing
Competitive
Marketing and Sales
by
Al Lewis
Real Estate Professionals
Allstate Marketing
CompetitiveCompetitive
Marketing and SalesMarketing and Sales
byby
Al LewisAl Lewis
Real Estate ProfessionalsReal Estate Professionals
Allstate MarketingAllstate Marketing
Competitive
Marketing and Sales
by
Al Lewis
Real Estate Professionals
Allstate Marketing
How to Get to the Future
You Want Quicker by Listing Your House
With Me Today !How to Get to the Future
You Want Quicker by Listing Your House
With Me Today !
Loan Origination Fee Generally a fixed percent of the loan amount. Varies
lender to lender: 1%, 2%, sometimes greater.
Appraisal Fee Generally $450 to $650 charged in advance by lender.
Credit Report Generally $75 to $150 charged in advance by lender.
Tax Prorations If taxes are paid beyond recordation, a refund is due
seller from buyer. If recordation occurs in January: 0 months, February: 1 month, March: 2 months, April: 3
months, May: 4 months, June: 5months, July: 6 months, August: 7 months, September: 8 months, October 1-15: 9
months, October 16 through November: 3 months, December: 4 months.
Tax Impounds If taxes and insurance are impounded by lender, generally
two months in advance. 2/12’s of annual Premium.
Fire Insurance PremiumGenerally $2.50 to $3.50 per thousand, one full
year in advance.
Fire Insurance Impounds If taxes and insurance are impounded by lender, generally
two months in advance: 2/12’s of annual premium.
Lender’s Prepaid Interest Generally, if the close of escrow occurs after the date set for
mortgage payments, the prorated first month’s payment is paid in advance through escrow. Lenders only collect
payments in whole 30 day increments.
Other Lender Fees Many lenders charge substantial fees for document
preparation and handling. Fees vary, to be determined by lender. Generally $200 to $300.
Mortgage Insurance/1Year FHA, VA and 95% conventional loans
require mortgage insurance premiums be paid by the borrower one year in advance and monthly. Fees vary,
to be determined by lender.
Tax Service The County Recorder provides a tax service to lenders,
notifying them of delinquent taxes on properties they have recorded interests. Approximately $75.
Title Insurance A one-time premium charged at settlement for a
lender’s title policy which protects the lender against loss due to problems or defects in connection with title.
Premiums can run $2.50 per thousand for loan amounts up to $150,000, $1.75 to $200,000, $1.50 to $250,000,
$1.40 to $300,000, $1.35 to $350,000, $1.30 per thousand thereafter.
Escrow Fee Generally $250 plus $1.50 per thousand of the sale price.
Recording Fee Document recordation. Approximately $50 per
document: Trust Deeds and Grand Deeds.
Notary Fee Notary fees can run $75 per document: Trust Deeds,
Notes, Grant Deeds.
Home Warranty Generally $250 to $500, paid by either Buyer
or Seller per negotiations.
Misc/Natural Hazard Insurance/Etc. Generally $250 to $500 as a cushion against
unexpected or required costs.
This estimate based upon the above proposed purchase price, type of financing, and projected closing date has
been prepared to assist Buyer in computing costs. Lenders, escrow and title companies will vary in their charges;
therefore, these figures cannot be guaranteed by the broker or broker’s representatives. All estimates are from sources
believed reliable but not guaranteed.
Estimated Buyer’s Costs
PURCHASE PRICELOAN AMOUNT/Type_____ESTIMATED CLOSING DATE
Down PaymentLoan Origination FeeAppraisal FeeCredit ReportTax ProrationsTax ImpoundsFire Insurance PremiumFire Insurance ImpoundsLender’s Prepaid InterestOther Lender FeesMortgage Insurance/1YearTax ServiceTitle Insurance PolicyEscrow FeeRecording FeesNotary FeesHome WarrantyMisc/NH Insurance/Etc.
TOTAL ESTIMATED COSTSLESS SELLER’S ASSISTANCEADJUSTED COST
P&I ____ Yrs @ ____% InterestEst. Homeowner’s InsuranceEstimated Mort. InsuranceEstimated HOA FeesEstimated Taxes
PROJECTEDMONTHLY PAYMENT
Real Estate ProfessionalsAllstate Marketing
$$
$
$$$$$$$$$$
$$$$$$$
$$$
$
$$$
$
$
Estimated Seller’s Proceeds
Prepayment Penalty Generally six months interest.
Reconveyance and Demands Generally $150 per reconveyance or
recorded lien.
Tax Stamps Generally $1.10 per thousand of the
sale price OC/LA, Plus $4.50 for Culver City, $4.50 LA, $2.20 Pomona and
Redondo Beach, $3.00 Santa Monica.Check Local Rates Online.
Home Warranty Generally $500 to $1000.
Title Insurance Policies can run $6 per thousand
for properties priced to $100k,$5 to $200k, $4 to $300k, $3 to $400k, and
$2 per thousand thereafter.(www.TitleWizard.com)
Escrow Fee Generally $250 plus $1.50 per
thousand of the sale price.
FHA/VA Discount Points Subject to current FHA/VA requirements.
Consult lender if applicable.
Termite Inspection/Repair Inspections can run $75 to $150 and
repairs per bid.
Miscellaneous/Cushion Generally $250 to $500 as a cushion
against unexpected costs.
Tax Prorations If taxes are paid beyond recordation,
a refund is due seller from buyer.If recordation occurs in January: 0 months.
February: 1 month, March: 2 months, April: 3 months, May: 4 months, June: 5 months, July: 6 months,
August: 7 months, September: 8 months, October 1-15: 9 months, October 16
through November: 3 months, December: 4 months. Delinquent taxes
should be shown as Other Liensor Payoffs.
Insurance Prorations If insurance is paid beyond recordation
a refund is due seller from insurer: 1/12 of policy per month.
The above information is deemed reliable, but is not guaranteed. The estimated seller’s proceeds is based upon the probable final sales price,
estimated unpaid loan balances, estimated interest rates and estimated costs. Lenders, insurance companies,
escrow companies, termite companies and other vendors will vary in their
charges. Because of that, these figures cannot be guaranteed by Broker
or its representatives.
Reconveyance & Demands
Tax Stamps
Home Warranty
Title Insurance
Escrow Fee
Termite Inspection/RepairFHA/VA Discount Points
Miscellaneous/Cushion
Above Costs
Seller’s Assistance
Total Estimated Costs
Estimated Sales Price
Estimated Net (SP-Costs)
Adjusted Net
Adjusted Net
Insurance Prorations (+)
Tax Prorations (+)
1st TD Balance
2nd TD Balance
Total Other Liens/Payoffs
Prepayment Penalty
Broker’s “Listing” Fee
Interest on 1st: 1-30 Days
Interest on 2nd: 1-30 Days
Less Amount Owner Will Carry
Broker’s “Selling” Fee
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Real Estate ProfessionalsAllstate Marketing
Estimated Seller’s Proceeds
Prepayment Penalty Generally six months interest.
Reconveyance and Demands Generally $150 per reconveyance or
recorded lien.
Tax Stamps Generally $1.10 per thousand of the
sale price OC/LA, Plus $4.50 for Culver City, $4.50 LA, $2.20 Pomona and
Redondo Beach, $3.00 Santa Monica.Check Local Rates Online.
Home Warranty Generally $500 to $1000.
Title Insurance Policies can run $6 per thousand
for properties priced to $100k,$5 to $200k, $4 to $300k, $3 to $400k, and
$2 per thousand thereafter.(www.TitleWizard.com)
Escrow Fee Generally $250 plus $1.50 per
thousand of the sale price.
FHA/VA Discount Points Subject to current FHA/VA requirements.
Consult lender if applicable.
Termite Inspection/Repair Inspections can run $75 to $150 and
repairs per bid.
Miscellaneous/Cushion Generally $250 to $500 as a cushion
against unexpected costs.
Tax Prorations If taxes are paid beyond recordation,
a refund is due seller from buyer.If recordation occurs in January: 0 months.
February: 1 month, March: 2 months, April: 3 months, May: 4 months, June: 5 months, July: 6 months,
August: 7 months, September: 8 months, October 1-15: 9 months, October 16
through November: 3 months, December: 4 months. Delinquent taxes
should be shown as Other Liensor Payoffs.
Insurance Prorations If insurance is paid beyond recordation
a refund is due seller from insurer: 1/12 of policy per month.
The above information is deemed reliable, but is not guaranteed. The estimated seller’s proceeds is based upon the probable final sales price,
estimated unpaid loan balances, estimated interest rates and estimated costs. Lenders, insurance companies,
escrow companies, termite companies and other vendors will vary in their
charges. Because of that, these figures cannot be guaranteed by Broker
or its representatives.
Reconveyance & Demands
Tax Stamps
Home Warranty
Title Insurance
Escrow Fee
Termite Inspection/RepairFHA/VA Discount Points
Miscellaneous/Cushion
Above Costs
Seller’s Assistance
Total Estimated Costs
Estimated Sales Price
Estimated Net (SP-Costs)
Adjusted Net
Adjusted Net
Insurance Prorations (+)
Tax Prorations (+)
1st TD Balance
2nd TD Balance
Total Other Liens/Payoffs
Prepayment Penalty
Broker’s “Listing” Fee
Interest on 1st: 1-30 Days
Interest on 2nd: 1-30 Days
Less Amount Owner Will Carry
Broker’s “Selling” Fee
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Real Estate ProfessionalsAllstateMarketing
Loan Origination Fee Generally a fixed percent of the loan amount. Varies
lender to lender: 1%, 2%, sometimes greater.
Appraisal Fee Generally $450 to $650 charged in advance by lender.
Credit Report Generally $75 to $150 charged in advance by lender.
Tax Prorations If taxes are paid beyond recordation, a refund is due
seller from buyer. If recordation occurs in January: 0 months, February: 1 month, March: 2 months, April: 3
months, May: 4 months, June: 5months, July: 6 months, August: 7 months, September: 8 months, October 1-15: 9
months, October 16 through November: 3 months, December: 4 months.
Tax Impounds If taxes and insurance are impounded by lender, generally
two months in advance. 2/12’s of annual Premium.
Fire Insurance PremiumGenerally $2.50 to $3.50 per thousand, one full
year in advance.
Fire Insurance Impounds If taxes and insurance are impounded by lender, generally
two months in advance: 2/12’s of annual premium.
Lender’s Prepaid Interest Generally, if the close of escrow occurs after the date set for
mortgage payments, the prorated first month’s payment is paid in advance through escrow. Lenders only collect
payments in whole 30 day increments.
Other Lender Fees Many lenders charge substantial fees for document
preparation and handling. Fees vary, to be determined by lender. Generally $200 to $300.
Mortgage Insurance/1Year FHA, VA and 95% conventional loans
require mortgage insurance premiums be paid by the borrower one year in advance and monthly. Fees vary,
to be determined by lender.
Tax Service The County Recorder provides a tax service to lenders,
notifying them of delinquent taxes on properties they have recorded interests. Approximately $75.
Title Insurance A one-time premium charged at settlement for a
lender’s title policy which protects the lender against loss due to problems or defects in connection with title.
Premiums can run $2.50 per thousand for loan amounts up to $150,000, $1.75 to $200,000, $1.50 to $250,000,
$1.40 to $300,000, $1.35 to $350,000, $1.30 per thousand thereafter.
Escrow Fee Generally $250 plus $1.50 per thousand of the sale price.
Recording Fee Document recordation. Approximately $50 per
document: Trust Deeds and Grand Deeds.
Notary Fee Notary fees can run $75 per document: Trust Deeds,
Notes, Grant Deeds.
Home Warranty Generally $250 to $500, paid by either Buyer
or Seller per negotiations.
Misc/Natural Hazard Insurance/Etc. Generally $250 to $500 as a cushion against
unexpected or required costs.
This estimate based upon the above proposed purchase price, type of financing, and projected closing date has
been prepared to assist Buyer in computing costs. Lenders, escrow and title companies will vary in their charges;
therefore, these figures cannot be guaranteed by the broker or broker’s representatives. All estimates are from sources
believed reliable but not guaranteed.
Estimated Buyer’s Costs
PURCHASE PRICELOAN AMOUNT/Type_____ESTIMATED CLOSING DATE
Down PaymentLoan Origination FeeAppraisal FeeCredit ReportTax ProrationsTax ImpoundsFire Insurance PremiumFire Insurance ImpoundsLender’s Prepaid InterestOther Lender FeesMortgage Insurance/1YearTax ServiceTitle Insurance PolicyEscrow FeeRecording FeesNotary FeesHome WarrantyMisc/NH Insurance/Etc.
TOTAL ESTIMATED COSTSLESS SELLER’S ASSISTANCEADJUSTED COST
P&I ____ Yrs @ ____% InterestEst. Homeowner’s InsuranceEstimated Mort. InsuranceEstimated HOA FeesEstimated Taxes
PROJECTEDMONTHLY PAYMENT
Real Estate ProfessionalsAllstateMarketing
$$
$
$$$$$$$$$$
$$$$$$$
$$$
$
$$$
$
$