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Buyer Representation Services
Thank
you again for the opportunity to represent you in the acquisition
of your home. Over the years, we have identified the key components
in the real estate process where our clients typically have
questions. The chart of the process below is a summary of
the "nuts and bolts" of the purchase process. The
STOFFER/ZEH TEAM assists with each element of this process. Our
goal is to not simply assist you in acquiring a product (buying
a home) but to make that process understandable, and even
enjoyable--a process that will hopefully lead to your consideration
of future referrals of your friends, relatives and associates,
to the STOFFER/ZEH TEAM.
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I.
SEARCH PLAN: Location/Price/House
• Marketable Location
• Marketable Price Range
• Marketable House Floor Plan/Design
II.
MARKET CAPTURE
• Competing Resales
• Competing New Homes
• Competing For Sale By Owner (FSBO)
III. CONTRACT: 4"PS" & PROTECTIONS
• Appraisal
• Financing
• Inspection
• Contingencies (various): Home to Sell?
IV. FINANCIAL ANAYLSIS
• Interest Rate Lock-In
• Good Faith Estimate (GFE) of Costs
• Appraisal of Value
• Conditions for Approval
V. INSPECTION PROTECTIONS
• Wood Destroying Organism (WDO)
• Building Inspection
• Other-Mold/Septic/Water/Radon, Etc.
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VI. TITLE PROTECTIONS
• Title Search/Examination
• Commitment: Owner Policy
• Commitment: Lender Policy
• Requirements and Exceptions
VII. SURVEY OF SITE
• Encroachments?
• Boundary Overlap?
• Easements?/Setbacks?
VIII. FLOOD ZONE ANALYSIS
• Flood Prone?
• Flood Insurance Required?
• Optional Coverage
IX. HOMEOWNER'S INSURANCE
• Coverage: Lender Requirements
• Replacement Cost (Building/Contents)
• Liability
• Hurricane/Sink Hole - Deductibles
X. CLOSING/TRANSFER OF TITLE
• Closing Statement (HUD)
• Cashiers Check to Closing Office
• Hazard Insurance Premium/Warranties
• Recordation of Deed/Mortgage
Copyright 1999-2008 Gerald R. Stoffer, MBA |
