buyers consultation2

6354 Walker Lane #100, Alexandria, VA

BUYERS CONSULTATION

877-VA-SELLS ~ AjTeamRealty.com ~ [email protected]




Rottanak (Rot) Ouy

Realtor & Buyer’s Manager



Allen Johnson- Associate Broker - CDPE - Realtor - Listing Manager

Dawn Knox Transaction Coordinator


LET’S GET STARTED!!!


What are your expectations?

MOVING IN!

Mortgage Application

• Application and interview

• Buyer provides financial documents

• Credit report pulled

• Appraisal for current home (if any)

• Determine your purchasing power and monthly payment

MOVING IN!

Determine Needs & Desires

How soon are you moving?

# of Bedrooms?

# of Baths?

Areas of interest?

Distressed Homes?

Distressed Homes

MOVING IN!

Previewing Homes Client availability to

view homes?

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Making the Offer

Offer Price & Terms Depends on:

– Length of time on the market

– Buyer activity

– Recent Solds / Neighborhood Comparables

– Urgency of the seller

Contingencies

• Home Inspection ($)

• Financing

• Appraisal ($)

• Homeowner’s Association Disclosure Documents

Offer Submission

• Completed Contract

• Earnest Money Deposit

• Lender Approval Letter

What happens after offer submission?

Your Offer Can Be…

Accepted

Rejected

Countered

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Contract Acceptance!

• Ratified in Virginia means buyer and seller agree to terms IN WRITING

• And NOW the real works begins…

• Role of our Transaction Coordinator, Dawn Knox

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Financing / Mortgage Approval

• Processor

• Underwriting

• Loan approval

• Funding

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Home Inspection

• You NEED to be there for the inspection

Home Inspector's Job is:

• 50% to find issues with the home • 50% to show you how you can maintain the home

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Select Settlement Attorney

• Role of Settlement Attorney

• Title Search Performed

• Title Insurance

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Termite Inspection as required by Lender

Obtain Hazard Insurance

Contact utility company

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Finally Settlement!

• Bring photo ID

• Cashier’s check or wire funds to title company

• You will be signing the Deed of Trust & Mortgage Loan Documents

Congratulations! MOVE IN!

Questions?

877-VA-SELLSAjTeamRealty.com

[email protected]

buyers consultation2

Real Estate