Please
Select From The Following:
Introduction: First Things First
The Complete Buyer Service Program By
Stan
Determine How Much Home You Can Afford
Tax Advantages of Owning A Home
What Are You Looking for in a Home?
The Search Begins
Property Reports And Leads
Yard Signs, Magazine and Newspaper Ads
The Internet As A Source
Scheduling Showings to Visit Homes
Immediate MLS Home Details w/ Palm Pilot
New Construction, Before You Go Alone
Open House
For Sale By Owners
Finding That Perfect Home
Factors To Consider Before Making An
Offer
Presenting An Offer
Counteroffers And Negotiations
The Accepted Contract
Contacting An Attorney
Contract Facts For The Buyer
Home Inspections
Monitoring And Follow Up
Final Walk Thru
Closing
After The Closing
Welcome Home
Introduction: First Things
First
Whether this is your first home or tenth, there is no feeling
in the world then the feeling of owning your own home or
property. Until you walk in your home for the first time,
you can not truly appreciate the feeling of home ownership.
This guide has been designed to prepare you for the home
buying process.
A common question I am asked is, “How much do I pay for
your services ?” The answer is Zero. As a buyer, you do
not generally pay me to help you find a home. The Sellers
pay the sales commissions. Only in rare instances would
a buyer be obligated to pay a real estate agent the sales
commission.
Keep in mind that it does not matter what type of home you
are looking to buy, new construction, or even a for sale
by owner, I can represent you.
So why do people turn to a professional real estate agent
when looking for a home ? Because as professionals, we are
organized and experienced in finding people homes. It is
our job and livelihood. I am here to help and guide you
step by step. I will do all the research, work and negotiations.
You have little work to do. Like going through the car wash,
simply put your car in neutral and release the breaks, I
do the rest. I will lead you through the entire process
and answer any questions you may have.
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The Complete Buyer Service
Program By Stan
* Please note that all buyer services will not necessarily
be the same as each buyer will require their own special
needs. Individual needs will be assessed for the best and
most appropriate service programs. Furthermore, I offer
to match any advertised competitor programs .
The Complete Buyer Services
Welcome, And thank you for selecting me as your Real Estate
Agent. Below is a complete list of the primary service programs
that I offer all my clients. Please take a few moments to
review and compare my programs to those of other agents
I am a full service, full time Real Estate Agent and
Tax Advisor. You may call me
any day or time, 24 hours a day 7 days a week. Regardless
of the day or time
you call , most of the time you will reach me in person.
Few full time and no part
time agents can match this level availability.
Regardless of where you live, I will be able to find
a home that is best for you. I travel
you !
Pay zero for my services. It costs you nothing to use
me as you Realtor when shopping
for a home
An initial introduction session will be conducted to
determine your home buying needs
Property reports will be provide to you on a weekly/biweekly
basis, detailing all homes
available today based on the criteria you selected. This
report can be mailed,
e-mailed or even faxed.
On site home shopping experience. I can personally visit
you and show you homes
currently available on the
MLS (Multiple Listing Service) via lap top computer.
No other agent offers this service.
StanServices.com will provide you with links to search
for homes on the Internet at
your own pace. You will also find helpful information
on facts from first time buyer
information, tax advise, moving tips to area demographic
information. StanServices.com
is a privately operated website which is maintained and
updated
on a weekly schedule. Most agents have a generic company
provided website.
Home tours and showings will be scheduled for any time
and day that is convenient
for you. We will visit all the homes that you would like
to see. Simply look
over the property report and call me with the homes you
would like to visit. How
many times have you called an agent to ask about a home,
only to find that the
home advertised has been sold or is under contract ? Never
again. You will receive
a report detailing all homes available as of the print
date, guaranteed. As
a Realtor, I have access to up to the minute information.
Palm Pilot MLS information. How many times have you
been to an open house or
seen a home for sale only to wonder about the home across
the street that is also
for sale ? The agent has no clue about the selling price
or details and no one
in the area has any information. Never again ! While visiting
homes with me,
I will have on site information and details on every home
in the area. How ? With my palm pilot ! I carry a downloaded
version of the MLS. This is current technology that most
agents do not utilize.
Free tax advise and consultation session. I am a Qualified
Income Tax Advisor and specialize in personal income taxes.
I will explain and demonstrate to you the many tax benefits
of owning a home. With over 10 years of experience, I
have completed and filed thousands of income tax returns
on behalf on my clients
I Speak Polish fluently. I can provide you with my services
in English or Polish.
Service providers and leads. Don’t have an attorney
or loan officer ? I can provide you with numerous leads.
Free information. I will provide you with charts, pamphlets,
worksheets, letters and helpful tools to aid you along
the way. Everything will be done to make your home buying
process smooth and easy.
Complete guidance and monitoring of all activity. Even
after a contract has been accepted by the seller. You
will not be left in the dark. I will constantly keep in
touch to update you on progress.
New Construction Tour. If you decide you would like
your home to be newly built, I will take you to visit
any areas that you might be interested in. I will also
provide you with advise and additional services.
Complete support. Even after purchasing your home, I
will be available to help you with any problems or questions
you may have.
Market Analysis and evaluation will be done on any home
you decide to purchase. This will insure that you are
not overpaying for the home and opening the initial offer
with a fair reasonable price.
Much,
much more
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Determine How Much Home You Can Afford
The first thing that needs to be determined is how much home can you afford ? Many first time home buyers are under
the impression that they need a huge down payment like 20%. This is not true today. There are numerous
options/mortgage plans. Contact me for details or leads to a preferred lender. Or you may visit your own Bank
representative for a free consultation. a Loan officer can run your status and determine a comfortable price range.
Depending on you situation, owning your own home may be the same if not cheaper in the long run then renting an
apartment. The after tax savings of owning a home may make it more beneficial to own rather then renting. For a free no
obligation consultation, simply contact me for complete details of tax ramifications. Or visit the Tax section of my
website.
It is well advised to determine your level of affordability before you begin searching for a home. The reason is because
you may be looking at homes out of your price range. Or even qualify for more than they might otherwise think.
A more important reason why you may wish to get pre qualified
or approved is to determine your credit qualifications.
You may find that an old credit card account is still
active, or late fees have created problems for you. These
items may require a few months to be cleared up before
you can successfully apply for a loan. Always keep in
mind that there are banks ready to give a mortgage to
just about anyone regardless of past credit problems,
even bankruptcy.
Be prepared to answer questions. They may also request
certain information: Click here
for Mortgage Pre approval needs.
For more details, contact me. I have a list of preferred lenders. If you do not have a loan officer or bank in mind, I can
give you several leads to select from.
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Tax Advantages Of Owning
A Home
Why are you still renting an apartment or home when you could begin enjoying the many benefits of owning
your own home. Its easier than you think. How many years have you been renting. Have you even stopped and
considered how much money you have spent on rent so far? If, for example, your rent is $800 a month and you have
rented for just two years, you have spent $19,200. And what benefit have you gained ? None, You are simply helping
your landlord pay his mortgage. Stop and think for a moment $19,200 Spent and nothing to show for it. Nothing.
Did you know that you may be able to purchase your first home with little money down ? And with the tremendous
tax advantages that the IRS allows homeowners, you can write off your mortgage and property taxes paid.
I am a Qualified Tax Advisor and can explain the tax benefits to you. You gain no tax benefits from renting. In the
above example, If this was a mortgage instead and you filed your yearly income taxes you would receive a refund
or tax liability reduction of $2,880 if you were in the 15% tax bracket, or up to $5,376 if in the 28% tax
bracket. By renting you get no tax benefit. So why don’t more people stop renting and buy a home?
Did you know that a home appreciates in value each year. So if you buy a home today at $150,000, and it appreciates
a modest 5% ($7,500). The same home would be worth $165,375 after 2 years. That’s a profit of $15,375. And what
kind of a profit did you make renting for 2 years at $800 a month ? None, you spent $19,200. For each year that
you own your home, the greater the potential appreciation value. While owning an apartment your landlord reams all
the tax benefits and appreciation. You gain nothing. This sounds harsh, but unfortunately it’s true.
If you enjoy the carefree maintenance of living in an apartment, perhaps a condo or townhouse is best
for your needs. Many can also be purchased for less than a detached home. Most Condos and Townhouses do not
require you to mow the lawn, rake leaves, shovel snow or maintain the landscaping. Instead, they impose a monthly
assessment fee to cover the cost of these services. So what are you waiting for ?
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What Are You Looking For
In A Home?
Now that you have determined how much home you can afford, you can start selecting the criteria you are looking for.
What exactly do you want in a home ?
3 common types of homes include; a Free standing home (referred to as a detached) or a townhouse or condo
(referred to as attached housing). The difference between the two is that townhouses and condos have association
fees. Because you do not own the common grounds, rather share them, there is a monthly association fee (non tax
deductible) that is charged to each owner. This fee can range from a few dollars to a couple hundred. The fee covers
the expense of cutting the lawn, maintaining the grounds, shoveling the snow and care and maintenance for landscaping
as well as common grounds. Sometimes the association fees may include the use of a clubhouse, swimming pool or
sports facilities. It is the equivalent of living in an apartment where you do not have to worry about doing any work.
Prices of townhouse and condos vary greatly depending on area. As well as parking facilities, property taxes, and
association rules.
If you feel like you want the privacy and control, then a single family home is a better option for you. They to vary
greatly in price. You can choose from a home that needs some minor work to a newly built home.
Once you have decided which type of home is best for you, write down the facts that are most important to you. Here
are just a few items to consider:
Number of bedrooms
Number of Full/half Bathrooms
Garage space for x cars
Full or Partial Basement: finished or unfinished
Square footage of the Home
Age of the home
Style of the home
Lot size/Acreage
Yearly Property Taxes
Distance to Work, Schools and Shopping
And so on.
Once you have this information we can begin your search. When you first speak with me, I will ask you all these
questions. I will enter this search criteria in the computer.
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The Search Begins
Once I receive all the details of your needs and wants,
I will begin searching the market for homes that meet
your selected criteria. I can excess my lap top computer
and pull all available homes from the MLS (Multiple Listing
Service: A service real estate agents have excess to which
contains up to the minute information on all properties
available in the market place.) You can view homes anywhere
(a telephone outlet is necessary). You can even begin
to search for homes on your own. Simply visit the Current
Listings/Home Search tab. Or I can print out all available
homes and send you a property report.
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Property Reports And Leads
One service that I offer my clients that many other agents do not, is my use of property reports. Based on a frequency
you request, I will send you a complete property report detailing all the homes available within the criteria that you
selected. this report will contain;
A Cover Letter detailing the criteria used
Map showing the areas where the homes are located
an MLS key guide to help you read the information
Pictures and MLS printing details of all the homes available
Additional information as School details or demographics
... and much more
I will mail you a full color report approximately every
10 days, 14 days or monthly, based on your needs. Once
you look through the report and find the homes you would
like us to visit together, simply contact me and I will
schedule a time and date that is convenient for you. I
can accommodate any schedule or time slots. Generally
we can schedule up to 8 homes during any given session.
Depending on how much time you spend at each home, and
how far apart they are located, we may be able to preview
more.
Keep in mind that at least a half days notice is generally
necessary. This is because I must contact each respective agent and receive permission form them prior to showing their
clients home. Sometimes it may take hours, even a day to receive a verbal consent. I have been in situations where it has
taken days. If a home is vacant, appointments are usually not necessary. But keep in mind the as Realtors, we have
excess to homes between certain hours, Typically between 9 am-10pm. This is because the SUPRA key boxes are
programmed not to allow excess outside this time frame.
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Yard Signs, Magazine And
Newspaper Ads
Everywhere you go, you will be overwhelmed by Yard signs
from many real estate firms, newspaper ads and even the
free home magazines at your local grocery store. You are
free to search for your future home anywhere. If you are
asked if you are currently working with a Realtor, please
show them my card or simply let them know that you are
represented. You will notice that many of the houses advertised
may be sold or pending contract. And you wonder why are
they still being advertised ? or why did’t the yard sign
say “no longer available or sold” ? This is due to many
reasons.
First of all, yard signs will remain until the property is sold and then closed. Until the house is closed,
we do not remove the yard sign. this is because the deal may fall apart, has not closed, or to generate further leads.
When you see homes advertised in magazines, newspapers and trade publications, keep in mind that it takes a while for
those advertisements to be assembled, printed and then distributed. Because of this, many homes are sold by the time
the ad books reach you. Don’t be discouraged, use these homes to get more ideas or samples of what your looking for
in a home.
The best way to receive up to date and current information on homes available right now is to contact me
for a full property report. I can Fax you the report, mail it, Email you, or even visit you at your current
residence. We can search the Internet on the site. No other agent offers such complete service programs.
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The Internet As A Source
Visit the home search links that I have available under my current listings tab. These links will bring you to the most
popular search engines. on the Internet. These sites are commonly used by buyers to find homes. Keep in mind that
even these sites might not necessarily have current information. This is because these sites do not maintain and update
the sites as frequently as the site I am licensed to use. As a Licensed real estate agent, I have excess to the MLS, most
commonly called the Multiple Listing Service. The MLS is nothing less than a collection of all most every single home
available on the market within a certain geographical area. Our common area here is Northern Illinois. It even
encompasses parts of Indian and even goes as far north as Wisconsin Dells. I have up to the minute, immediate
information. Regardless of where your planning on buying your next home, contact me first.
Even thought the public web sites are not maintained as
frequently, they still provide for an excellent source
of leads and home buyer information.
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Scheduling Showings To
Visit Homes
After you have selected the homes you would like to visit. Contact me and I will schedule a time and date that is
convenient for you. I can accommodate any schedule or time slots. Generally we can schedule up to 8 homes during
any given session. Depending on how much time you spend at each home, and the distance from one home to another,
we may be able to view more homes. Keep in mind that atlas 1/2 days notice is generally necessary. This is because I
must contact each respective agent and receive permission form them prior to showing their clients home. Sometimes it
may take hours, even a day to receive a verbal consent. Often times I will receive an immediate confirmation.
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Immediate MLS Home details w/ Palm Pilot
A service I offer for my buyers is the ability to have immediate available information on any home or property they may
see during our scheduled showing. How many times have you been at an open house or visited a house for sale,
only to find another home for sale across the street ? have you wondered what the asking price was or the
description of the home but couldn’t get an answer from anyone ? No more. While we are visiting homes, if we come
across any home for sale in the area, I will provide you with immediate on the spot details of that home. How? I
carry a palm pilot which contains a down loaded version of the MLS homes. Yet another service that I provide,
which many agents do not.
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New Construction, Before
You Go Alone
Even if you decide to buy new construction, I can still represent your needs. You still pay nothing for my services.
Many people think that they can negotiate a better price because they take the real estate agent out of the
picture. Fact is that I have never seen this happen once, nor is it true. Many sales associated who work at these new
construction sites and help you select your lot, home site and options get paid commissions.
With this being the case, it suffices to say that the more they get you to spend, the more they earn. Real Estate agents
generally get paid a standard commission percentage based on the base price of the model. This means that
you can pick the best oven/range or refrigerator or the standard, and I do not make a penny more. With this in mind, I
remain neutral, and protect your interests and you won’t feel pressured by unnecessary purchases. The sales
associates on the other hand do earn a better commission if they get you to buy that better kitchen cabinet or
carpet upgrade.
Contact me before you visit a new construction site. If you do decide to go by yourself, tell the associates
that you are working with a Realtor, better yet, give them my card.
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Open House
Feel free to visit any open houses you come across. If you come in contact with another agent, or are asked if you
have a real estate agent that you are working with, simply give them my card or mention my name so that they
know you are represented. Otherwise they may solicit you unknowingly.
Open house are generally conducted by agents or many for sale by owners. Should you find a home you like, contact
me immediately. I will assist you in the purchase process.
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For Sale By Owners
Whenever I hear that someone has bought "For Sale
By Owner", the first thing that comes to my mind
is “ I wonder how much they over-paid”! Bottom line is,
you cannot sacrifice for the lack of seeking expert advise.
As A licensed real estate agent and tax advisor, I am
here to protect your interests at zero cost to you. If
you are interested in seeing a home that is advertised
as for sale by owner, simply contact me to schedule a
showing and I will accompany you. That’s all, you need
to do nothing more. Most will cooperate with you even
if you do have a real estate agent.
Be aware that many for sale by owners may try to negotiate with you. But without being adequately represented by a
licensed real estate agent, you may not know if the home is overpriced. You may also lack the courage to say NO or
negotiate properly. Bottom line is: Would you call upon a police officer to visit a domestic dispute (a professional) or
would you walk into the situation yourself and try to settle the dispute. It would be foolish not to call a professional.
As a professional, I will not be intimidated when it comes to negotiating the best price for you. If you do it alone, your
simply asking for problems that may be over your head. Part of my job is to check the pricing of homes. How can you
accurately price the home, and more importantly,, how do you know what all the other houses sold for ? I
received this response from one buyer: “Because the owner told me that his neighbor sold a month ago for
xxxx.” I told the buyer, who was a distant relative, that he should stay clear of flea markets and anyone
trying to sell a bridge.
As a real estate agent, I have excess to virtually all the sales history records of homes sold. Through the MLS I have
excess to far more details and facts. What does that mean for you ?
I will check the records and determine what the seller paid for the home when s/he purchased it
Can determine if the home is over priced or under priced to your advantage
Negotiate on your behalf, better than you can. I am a seasoned professional !
Run a comparative market analysis on the home to check the price accuracy
Tell you what every home on the block sold for
Tell you how many times the home has been on the market before
You still pay no commissions or fees.
Represent you during the entire home buying process, otherwise you are alone
You will not over pay for the home.
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Finding That Perfect
Home
Once you have found that perfect home, the search is over.
You may want to get a second opinion from a friend or
family member. Once you make the final decision that this
is the right home for you, it is time to make an offer.
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Factors To Consider Before
Making An Offer
Once you have found the home you want. I will discuss
all the facts about the home. I will also do a mini-market
analysis to determine the best opening bid, as well as
market value of the home. My services will include:
Calculating your approximate monthly mortgage payments
Property tax assessment of the area compared to other
homes Running a Comparative Market Report on the home
Determining a fair opening bid for the home Analyzing
the homes true market value so that you don’t over pay
Provide you with a history of the homes recent and past sales
Provide you with informative contract facts and
assistance Let you know the sales history of the neighboring homes
... and much more
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Presenting An Offer
Once a Contract has been drawn, I will contact the sellers
Agent. I will notify the Seller’s agent that I have an
offer on the home. I will ask the Seller’s agent where
they would like me to deliver the Offer. We will then
wait until we receive a reply. The Seller will either
except your contract as written with no changes. Or will
make a counteroffer, thereby; negating and voiding the
first offer.
If and when we receive a counteroffer I will go over the
Contract with you in great detail over the phone. Generally,
I will meet you in person and go over a contract when
we are accepting a Contract as Final. At this point it
will be necessary to meet in person because It is preferred
to obtain original signatures. While going over the contract
I will take notes of all your likes and dislikes. For
example, The seller would like to keep the Washer/Dryer,
as well as the microwave. The seller also is asking for
$ 5,000 more than you originally bid. I will give you
my opinions and advise you on concerns and potential issues
the Seller may have. I will also pre plan the next counteroffer
they may propose after we respond to their initial counteroffer.
But you ultimately make any final decision.
Keep in mind that we are Agents and not Attorneys. We
cannot provide you with legal advice.
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Counteroffers And Negotiations
Counteroffers are commonly conducted over the telephone.
The reason is quite simple, if we go back and forth with
constant changes on the Original Contract, it will eventually
be an Indecipherable Mess. I will contact the Seller’s
Agent and go over our changes or alterations to their
counteroffer. At this point the Agent will notify his
Seller and then contact me again with Acceptance of the
terms or with a new counteroffer. This may continue on
for several hours or even days. But once both side reach
a mutual agreement. Any changes will be made on the Original
Offer and I will make arrangements to meet with you to
go over the Contract one final time and to Obtain All
Signatures of All Sellers.
At this point we will have a Valid Legally Binding Contract.
As Real Estate Agents, we can no longer change any portion
of this contract. It will be forwarded to your Attorney
and the Seller will do the same. The Attorneys will take
over from this point. They can negotiate, re-negotiate
or try to change any part of this contract (For Example;
Negotiate a new closing date, extend your mortgage Contingency
Deadline...)But they cannot change the Excepted and agreed
upon Price. This is very important to remember.
For your safety and protection your Attorney will review
the Contract. S/he will even examine it for omissions,
as even agents are not infallible. But you will need to
consult your attorney once a contract is Accepted and
signed by both side.
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The Accepted Contract
Once you the Buyer sign, and the Seller signs the Final
Contract, we have a Valid Legally Binding Contract, Your
selected Attorney will represent you and guide you from
this moment forward. It is his or her responsibility to
review the contract and prepare you for the closing.
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Contacting An Attorney
If you do not have an attorney, I can give you several
leads to select from.
I will notify your attorney that you have a contract to
purchase a home. I will also send and fax your selected
attorney a copy to the contract for review.
Keep in mind that your attorney may make modifications
to the final contract.
Fact: the respective attorneys for the parties may approve,
disapprove or make modifications to the contract, other
than stated purchase price, with 5 business days after
the date of acceptance. Must be in writing. If within
10 business days after date of acceptance written agreement
on proposed modification(s) cannot be reached by the Parties,
Contract is null and void.
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Contract Facts For The
Buyer
Once the contact has been accepted, it is important that
you understand your options specified in the contract.
This is a quick overview of some key points. Please note
that it will be your responsibility to secure an attorney
to review the contract and assist you with your rights
and options from this point forward.
Earnest Money and the original Contract signed by both
parties will be held by the Listing Company as “Escrowee”,
in the trust for the mutual benefit of the Parties.
Mortgage Clause; Contract is contingent upon Buyer obtaining
an unconditional mortgage commitment by the date specified.
Buyer shall make written application within 7 calendar
days after the Date of acceptance. Failure to do so shall
constitute an act of default under the Contract. If Buyer
having applied for the loan specified, is unable to obtain
a loan commitment and serves written notice to Seller
within the time specified, the Contract shall be null
and void and earnest money refunded to Buyer upon written
direction of the Parties to Escrowee.
Residential Property Disclosure; if the Seller gives a
buyer the form after the execution of a written agreement
binding the Buyer to the transaction and the form reveals
a material defect, then the Buyer may, within 3 business
days after the receipt of the form, terminate the contract.
Written notice of termination must be personally delivered
to at least one of the sellers identified in the contract
personally or be mailed by certified or registered mail.
Home Inspections; Buyer may at own expense, conduct a
home, radon, lead-based paint and/or wood insect infestation
inspection(s). Buyer shall serve written notice upon Seller
or Sellers attorney of any defects disclosed by the inspection(s)
which are unacceptable to the Buyer, with a copy within
5 business days. (10 for lead based paint). If within
10 days after date of acceptance written agreement cannot
be reached by parties w/respect to resolution of inspection
issues, either party may terminate the contract by written
notice.
Final walk through; Buyer shall have the right to inspect
the Real Estate, fixtures, and personal property within
72 hours prior to closing to verify that all is in substantially
the same condition as of the date of acceptance.
Attorney Review; The respective attorneys for the parties
may approve, disapprove or make modifications to the contract,
other than stated purchase price, with 5 business days
after the date of acceptance. Must be in writing. If within
10 business days after date of acceptance written agreement
on proposed modification(s) cannot be reached by the Parties,
Contract is null and void.
Buyer’s Specified Party Approval, within 5 calendar days
after the acceptance. In the event the specified party
does not approve, written notice must be given within
the time frame and the contract will be null and void.
* If written notice is not served within the time specified
for any of the above options/contingencies, Buyer shall
be deemed to have waived the said contingency.
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Home Inspections
You are always advised to have a home inspection done.
They will generally cost you $225-350. I or your attorney
can give you several leads to select from. You do not
have to have a home inspection, the choice is yours.
Once you order an Inspection date, I will be contacted
by the Inspector and schedule a time that is accommodating
to both you and the Inspector. You do have the option
of accompanying the home inspector. S/he will walk you
through the home and explain findings during the inspection
process. The main purpose of the inspection is to search
for major defects that need to be repaired or addressed.
Fact :The Buyer may at own expense, conduct a home, radon,
lead-based paint and/or wood insect infestation inspection(s).
Buyer shall serve written notice upon Seller or Sellers
attorney of any defects disclosed by the inspection(s)
which are unacceptable to the Buyer, with a copy within
5 business days. (10 for lead based paint). If within
10 days after date of acceptance written agreement cannot
be reached by parties w/respect to resolution of inspection
issues, either party may terminate the contract by written
notice.
As Buyer, you have 5 Business days from the time the contract
has been accepted in order to conduct a home Inspection.
Your Attorney should contact you with the results of the
home inspection. You may still conduct a Home Inspection
after this time, However; you may not be able to use its
findings as a way to Void the Contract or force the seller
to make repairs deemed major. Consult your attorney regarding
this topic.
You may request a copy of the inspection report from the
inspector or your attorney.
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Monitoring And Follow
Up
During this process and even past the closing, my duty
is to Monitor and Observe all activity. This is done in
order to ensure a smooth transition. I will constantly
be in touch with You, Your Attorney, the Buyers Agent,
Buyer’s Attorney, Home Inspectors, Loan Officer or Broker,
Closing Coordinator and many others, to ensure a smooth
Closing.
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Final Walk Thru
Fact: Several days prior to closing, I will Contact you
and schedule a Final Walk thru. This is conducted to ensure
that the property is in the same condition as it was when
it was agreed to purchase.
Fact: Buyer shall have the right to inspect the Real Estate,
fixtures, and personal property within 72 hours prior
to closing to verify that all is in substantially the
same condition as of the date of acceptance.
If there are any concerns or issues at this point, you
need to notify your attorney immediately. Your attorney
will contact the Seller’s attorney. And notify him of
your concerns. Your attorney will notify you of the results
of the conversation. If, for Example, there is a leak
in the basement and the carpet is stained, you may ask
the seller to either clean/replace it or allow a credit
(reduction of purchase price). If a credit will not be
issued, you may again schedule a Final walk thru to ensure
that it was fixed to your satisfaction.
Closing dates may be postponed if things are not to your
satisfaction. This is more common than you might think.
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Closing
Unlike many Agents, I do my best to attend each and every
closing. Your Attorney should contact you far in advance
of your closing date. Once I obtain the closing information,
I to will contact you with the information. You will also
receive a Closing Information Letter from me with the
closing details.
Your attorney will notify you of anything you need to
bring to closing. The closing generally will take place
at a time and location previously agreed upon by both
Attorneys. The Closing will be conducted by a Title Company.
Their duty is to act as a type of Coordinator for proper
distribution of all funds. They will ensure that funds
are distributed according to Agreement. For Example, they
will make out all the checks and pay the Attorneys their
fees, the Real Estate Agents their Commissions, The State
their Tax, The Bank the Credit Report Fees, etc............
Closings can take 45 minutes to All Day. Sometimes they
run into a second day. There may be a few obstacles that
occur at a closing. Please be prepared so that you are
not worried or stressed out. A common problem is that
Banks may wait till the very last minute to disburse the
funds to the Title Company. If the bank does not disperse
the proper funds to the proper escrow account, this to
can slow down the closing. I have been in a situation
where a bank sent the funds to the wrong Escrow account.
As a result, the closing was postponed a day to locate
the funds and correct the problem.
If the Title company does not receive the funds from your
bank, then a closing Without the funds cannot take place,
since there is no money !
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After The Closing
Once the closing is complete my services still continue.
Should you ever need anything, please do not hesitate
to contact me.
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Thank
You
For
Using My Services. 
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