TeamWebster K E L L E R W I L L I A M S

HOME BUYING

BUYING A HOME IS A BIG DECISION

The more prepared you are at the beginning, the

less overwhelming and chaotic the buying process

will be. From the initial planning to selecting the

home that’s right for you, there are many steps

throughout the buying process. At Team Webster,

we are here to guide you every step of the way.

Each office is independently owned and operated

HERE ARE SOME POINTS FOR YOU TO REVIEW:

A buyer’s agent represents the consumer who is purchasing the

property in the real estate transaction, not the seller. The buyer’s

agent works directly for the buyer and has their clients’ best

interests in mind throughout the entire real estate transaction.

As a consumer, how often do you buy real estate? Once, twice,

three times in your lifetime? Purchasing real estate is a complex

transaction with many details to be handled. In the majority of

home sales, the seller will have their own representation.

Wouldn’t you want to have equal, complete and fair representation

in the real estate transaction on your end as well?

AN OVERVIEW OF THE PROCESS:

- Selecting a lender and pre-approval

- Forming a “wish list”

- Implementing a home search

- Homework (studying the neighborhoods)

- Making an offer, reviewing contracts

- Risks of earnest money

- Contingencies

- Inspections and appraisals

- Moving preparations

- Settlement

How do our clients make us feel?Let’s start with ecstatic!

So many of our clients make our work enjoyable.

We’re humbled by their kindness.

A PROVEN APPROACH

At Team Webster, we believe buying or selling a home requires a

wide array of skills and expertise to ensure that our clients have

a clear advantage in the real estate market. We continuously look

to build upon our expert knowledge so that we may effectively

understand current opportunities and challenges in the industry.

Our agents are focused on delivering unparalleled results and

are committed to exceeding our clients’ expectations with our

professionalism, industry knowledge and innovation. When you

work with Team Webster, you’ll have an experienced team from

start to finish who are dedicated to delivering stellar results.

Team Webster’s level of communication

and correspondence is stellar. Their

attention to every detail is outstanding.

The pace in which they handle the whole

purchase process is quick and efficient.

They value both your time and YOU!

We appreciate everything!”

-Kris and Sarah

“

INITIAL CONSULTATION

- Understand your objectives, priorities and time frames.- Discuss buying process.- Examine local market conditions.- Discuss lending qualification.- Define agency relationship.- Define how we will work together.

LOAN PRE-APPROVAL

- Obtain loan pre-approval letter from lender.- Determine budget and price range for home based on income, assets and personal financial plan.

HOME SHOPPING

- Tour properties that meet your home search criteria.- Monitor market activity with listing alert service.- Leverage Keller William’s network for upcoming available listings to preview.- Discuss lending qualification.- Identify off-market and expired listings that match requirements.

MAKE AN OFFER

- Review comparable sales and discuss appropriate offer strategies.- Review and sign all disclosures and reports.- Prepare detailed offer package including good faith deposit, loan pre- approval and any inclusions.

SUBMIT HOME INFORMATION TO LENDER

- Submit purchase contract to lender for processing.- Schedule appraisal (by lender).- Confirm contingencies and loan condition dates.

INSPECTIONS AND PROPERTY CONDITION

- Conduct buyer inspections: Home, Radon, Termite, Septic, Pool, etc.- Review Home Owner Assoc. documents if available.

HOME BUYING PROCESS: AN OVERVIEW

The home buying process is filled with many details that can greatly

impact your experience. Your Team Webster realtor will help by

working with you and the appropriate vendors to properly guide

you to a successful close.

INSPECTION REVIEW

- If issues or concerns are discovered during buyer inspections, we may attempt to negotiate repairs, credits or negotiate price.

LOAN UNDERWRITING ANDAPPRAISAL

- Underwriting file review.- Appraisal completed and reviewed by lender.- Final financing approved by lender.

HOME INSURANCE

- Buyer selects home insurance company and coverage.

CONTINGENCY REMOVAL

- Upon complete buyer satisfaction with inspections, loan documentation, and all other contractual obligations, contingencies will be removed.

FINAL WALK-THRU

- Confirm property condition and completed repairs, if any. Property condition should be consistent with condition on date of ratification.- Review walk-thru checklist.

MOVING DETAILS

- Set up utilities: electricity, water, garbage, phone, internet, alarm, etc.- Schedule movers.

SETTLEMENT

- Review all transaction and closing costs.- Sign loan documents.- Provide cashiers check for down payment and closing costs.- Obtain keys for new home!

Team Webster was great! They made a

stressful process easy. We will definitely recommend them.”

-David and Barbara “

FINDING THE RIGHT HOME:THE SEARCH BEGINS

Your Team Webster agent will

help begin your search by

narrowing your preferences

to determine what homes

fall within your particular

parameters (affordability,

size and neighborhood).

We will enlist all of our

resources available to us

including Multiple Listing

Service (MLS), off market

properties, new construction,

agent-to-agent networking,

open houses as well as bank

owned properties. You will

also be included in daily

listing alerts, notifying you

of properties that meet your

criteria, as they hit the market.

CREATE A WISH LIST, THEN PRIORITIZE

Let your imagination run wild when creating your initial list of

parameters. Then prioritize your list carefully. You may have to make

some trade-offs between the various items on your wish list, but

start as big and wide as your net will cast.

PREVIEWING PROPERTIES

Whenever possible you should drive through neighborhoods where you see a potential property. This will help you determine if the house and neighbor-hood is desirable. Then we can sched-ule a viewing.

WEEKEND OPEN HOUSES

You may wish to attend an open house on your own. When doing so, please inform the agent holding the open house you are working with Team Webster and provide him or her with the agent’s name.

QUESTIONS TO CONSIDER

- When would you like to move?- How long have you been looking?- What do you like most about your present home?- What do you like least about your present home?- What neighborhoods do you like?- Are schools a factor? If so, which ones?- What style of home would you like?- What property condition are you looking for (e.g. fixer upper, new construction)? If interested in new construction, please talk to us about that process.- Is your home currently on the market? How long has it been on the market? What is asking price?- Do you need to sell your home in order to buy?- Do you need to be near public transportation or highways?- Do you prefer to be in a location with close proximities to amenities?- Are you the sole buyer’s or do you have partners?- What features are you looking for: detached, condominium, number of bedrooms and baths, separate dining room, square footage, pool or no pool, fenced backyard, etc.

THE BEST APPROACH TO VIEWING A PROPERTY

Each time you view a property, compare that property’s

characteristics to your search parameters. If a specific home falls

short of your desires, consider whether you can alter the home to

make it acceptable. Some features are impossible to change, such

as location, but other features can be changed or modified by

painting, remodeling or making structural alterations.

FINANCIAL AND EMOTIONAL CONSIDERATIONS

Once you have identified the property that meets your criteria and

are prepared to make an offer, you will meet with your agent to

discuss the best offer strategy. Is this property extremely desirable...

one that could invite multiple offers? If the seller counters your

offer and asks for a higher price, what is your top dollar? Does the

property need improvement? How motivated is the seller? How

motivated are you? What contingencies have you placed on the

offer? Do you have to sell a property in order to purchase this one?

Are you already pre-approved for a loan?

“ Thank you and for making it a pleasant experience!

We enjoyed working with you and appreciated all of your suggestions,

input and help. Definitely will recommend you to family and friends.”

-Mary and Jesse

THE POWER OF NEGOTIATING

The art of negotiation is being able to walk

away. The skill is not having to. Our goal is

simply to help you buy the right property,

at the best possible price.

THE POWER OF NEGOTIATING

The art of negotiation is being able to walk

away. The skill is not having to. Our goal is

simply to help you buy the right property,

at the best possible price.

CLOSING COSTS: WHO PAYS WHAT?

Closing costs are the various fees charged by the lender, the title

company, real estate agents, and other service providers in order

to complete a real estate transaction. Your lender will supply you a

detailed estimate of all closing costs.

THE SELLER CUSOMARILY PAYS:

- Real estate commission.

- Transfer Tax (according to contract).

- City transfer tax (if applicable and

according to contract).

- Payoff all loans against property.

- Interest accrued on loans being paid

off and pre-payment penalties.

- Home warranty (if in contract).

- Any judgements or tax liens

against the seller.

- Prorated HOA fees (if applicable).

- HOA fee for providing all home

owner documents (if applicable).

- Delinquent taxes.

- Pre-sale inspection fees.

- Negotiated repairs or credits (if any).

THE BUYER CUSTOMARILY PAYS:

- Title insurance.

- Escrow fees.

- Document preparation (if applicable).

- Transfer tax (according to

contract).

- City transfer tax (if applicable and

according to contract).

- Recording charges for all documents

in buyers name.

- Tax proration (from acquisition).

- All new loan charges (except those

required by lender for seller to pay).

- Appraisal fee.

- Prorated HOA fees (if applicable).

- KW administration fee.

- Inspection fees (property inspection,

pest, radon, etc.).

Team Webster: 302-299-1140

Email: teamwebster@kw.com

Each office is independently owned and operated

www.teamwebsterhomes.comwww.youtube.com/teamwebsterhomeswww.facebook.com/teamwebsterhomes

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2015 TEAM WEBSTER

THIS PUBLICATION IS NOT INTENDED TO SOLICIT ALREADY LISTED PROPERTIES.INFORMATION HERE WITHIN IS NOT WARRANTED.

Bill Webster Realtor - DE, PA, MDCRS, GRI, ABR, SFR, e-Pro, SRES

Jay WebsterRealtor - DE, PA, MDSRES, Accredited Home Stager

DE Broker: 302-299-1100

PA Broker: 610-444-7171