Lacey Buyers Guide
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Transcript of Lacey Buyers Guide
Laceys Personalized Marketing Strategy
B u y e r s Gu id e
Get Serious about Buying
Hire a Realtor
Get Your Finances In Order
Get Pre-Qualified for a loan
Find your Dream Home & Make an Offer
Welcome to Your New Home!
4 REASONS TO BUY YOUR HOME NOW!
Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment
strategists, and housing market analysts. Their most recent report projects appreciation in home values
over the next five years to be between 10.5% (most pessimistic) and 25.5% (most optimistic).
The bottom in home prices has come and gone. Home values will continue to appreciate for years.
Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase Freddie Macs Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage
have started to inch up, most experts predict that they will begin to rise even more over the next
12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of
Realtors are in unison projecting that rates will be up almost a full percentage point by this time next
An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be
more a year from now if a mortgage is necessary to purchase your next home.
3. Either Way You are Paying a Mortgage As a paper from the Joint Center for Housing Studies at Harvard University explains:
Households must consume housing whether they own or rent. Not even accounting for more favorable tax
treatment of owning, homeowners pay debt service to pay down their own principal while households that
rent pay down the principal of a landlord plus a rate of return. Thats yet another reason owning often
doesas Americans intuitend up making more financial sense than renting.
4. Its Time to Move On with Your Life The cost of a home is determined by two major components: the price of the home and the current
mortgage rate. It appears that both are on the rise.
But, what if they werent? Would you wait?
Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to
have a great place for your children to grow up, you want your family to be safer or you just want to
have control over renovations, maybe it is time to buy.
If the right thing for you and your family is to purchase a home this year, buying sooner rather
than later could lead to substantial savings.
Reasons to Hire a
Real Estate Professional
They help with all disclosures & paperwork necessary in todays
heavily regulated environment.
They are well educated in and experienced with the entire sales
They act as a buffer in negotiations with all parties
throughout the entire transaction.
They help you understand todays real estate values when setting
the price of a listing or an offer to purchase.
Understanding of Current Market Conditions
They simply & effectively explain todays real estate head-
lines & decipher what they mean to you.
Wh y u se a S t r a t t o n R e a l Es t a t e a ge n t
w h e n b u y in g a h o m e ?
Our agents: Are full-time professionals Are licensed by the Wyoming Real Estate Commission Are members of the National Association of Realtors & must adhere to NARs code of ethics & conduct Will listen closely to your wants & needs Wont pressure you into making a decision to buy Will explain each step of the home buying process so that you always understand whats happening. Our agents will: Prescreen homes on the market & select those that match your criteria. Educate you about the home buying process and the local real estate market. Make appointments with the sellers & show you the homes you have selected. Provide you with enough information so you can make an informed decision about making an offer Work with you to create an offer & present the offer to the sellers agent. Negotiate the deal-this is one of the most important parts of an agents job! Schedule & attend all inspections that you have selected for the property Keep in contact with all concerned parties to make sure things are running smoothly Perform a walk-through of the property with you prior to closing to make sure that the condition of the home hasnt changed, that everything the seller agreed to leave is actually there & in good shape. Attend the closing with you
Ab o u t La c e y Wilso n ,
L ic e n se d R e a l t o r
Bachelors in Business
10 years in the Human Resource field
Human Resource skills enhanced and supported my real estate career
Efficiently handles difficult situations
Enjoys helping others meet their goals
Will offer options on the best approach
Real estate has always been a passion of mine.
High interest in architecture
Degree in architectural drafting and design
Continuous real estate market research
Member of National Association of Realtors
Member of Casper Board of Realtors
Member of Wyoming Association of Realtors
My P r o m ise t o Yo u
Educate you on each process
Assistance through each step
Dedicated to YOUR success in buying or selling
Your personal advocate in the buying or selling process
It is my goal, desire, and passion to help others through the entire real estate
transaction process, working to ensure the process runs smoothly and to
personally ensure that my clients feel supported each step of the way.
My passion is people and finding that ideal home that each client has
Ensure that each client has their questions answered and is supported
throughout the process.
Ge t Yo u r F in a n c e s
in Or d e r
So you want to buy a house, now what?
Get your finances in order, how?
Check your credit score!
AnnualCreditReport.com offers you a free credit report annually. Check for
any errors on your report and dispute them!
Do not make any large purchases.
Do not apply for loans or credit cards during the buying process
Home purchases require money for loan fees, closing costs, a down payment,
and home inspections and repairs.
Tips to save:
Limit vacations and trips or take shorter trips to a nearby area
Start using coupons and limit name brand purchases
Limit eating out
Stash change and loose bills
Lo a n P r o gr a m s
Maximum conventional loan amount is $417,000 (Over that amount is Jumbo with higher interest rate) -Minimum 5% down -Less than 20% down requires mortgage insurance -Buyers with less than 20% can avoid mortgage insurance by taking a second mortgage No down payment program -Up to 100% financing -Borrower must have at least $500 of own funds -Remaining funds may come from a gift or allowable source Subprime loans (Buyers with credit and/or ratio challenges) -Owner occupied -Interest rate will be higher FHA Max loan amount is $280,880 -Approximately 3% down can be a gift or secured borrowed funds -FHA ARM offers qualification on lower interest rate VA max loan amount is $417,000 -No down payment -Funding fee varies with situation -Must have Cert. of Eligibility and proper documentation Investor loan rates vary WCDA loan offers varying options -Must be owner occupied -Can not have owned home in last 3 years -Income and purchase limits apply RD loan -no max purchase price limit HOWEVER the fact of the max income limit on family of 1-4 is $86,100.00 limits the purchase price they will qualify for
Information courtesy of Wallick & Volk 11/06/2015
Thank you for choosing Wallick & Volk for your financing needs. Below are the items that Julie Condelario will need from you to complete your file. Please have all documents into our office within 48 hours.
1. Most Recent TWO Paycheck Stubs
2. Most Recent TWO Bank Statements for all accounts listed on the loan application
3. 401K Statements *(If Applicable)
4. Documentation of proceeds from 401K Loan *(If Applicable)
5. Gift Letter Form & Documentation of Gift Funds & Deposit of those funds *(If Applicable)
6. Most recent TWO Years Tax Returns & W-2s *(THREE for all WCDA Loans)
7. Copy of Drivers License & Social Security Cards for all Borrowers
8. Landlord Contact Information & Rental History for TWO Years
9. Copies of College Transcripts *(If applicable)
10. Copies of all Divorce Decrees *(If Applicable)
11. Evidence that Child Support is Current & Payment History for ONE Year *(If Applicable)
12. Copy of Cleared (front and back) Earnest Money Check the funds that were given at the time you made the offer to purchase your home
13. Homeowners Insurance Information Agents Name