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First Time Home Buyers Seminar

Presented by the M & M TeamLeroy & Theresa Miller

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Choosing a Realtor

Why use a Realtor A Realtor can help you find a house

efficient and quickly. Your Realtor’s expertise and experience

with be crucial in helping you find the right home of your dreams.

How to find a Qualified Realtor Past Experience, Referral, Seminars,

Internet, Open House, Sign or Ad calls

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Realtor Consultation

Meet with your Realtor Ask questions, how long have you been a

Realtor? What areas do you work in? Do you work with buyers only, sellers only or both?

Discuss the type of home you believe will be right for your needs. Growing family, entertain often, gardening, work

at home, Chef, needs lots of closet space, fixer upper, couch potato.

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Realtor Consultation

Discuss with your Realtor if you have met with a Lender and applied for Loan Pre Approval.

Bring in a copy of your Pre Qualification or Pre Approval Letter.

Provide your Realtor with your Lender contact information, name, address, phone number, etc.

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Looking for a Home

Preview homes and make selection Always bring your check book. Always go out with the expectation of

purchasing a home today. Bring your camera (Ask first if it is ok to

take pictures). Bring a pen and some paper to take

notes.

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Making the Offer

Your Realtor will help you complete the Purchase Contract and other required documentation and attach your Pre Qual /Pre Approval Letter.

You will write the Initial Deposit Check. Earnest money to show seller you are serious about

buying. Discuss with your Realtor if you will be putting

money down for your down payment or if you will be doing 100% financing.

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Seller’s Response

Offer Accepted Open Escrow and your Realtor will help you

order the Home Inspection. Offer Rejected

Review with your Realtor as to why the offer was not accepted.

Offer Countered Review the counter offer and accept it or make

another counter offer or cancel the contract

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Offer Accepted

Good Faith Check is deposited. Escrow Instructions will be typed and

send to the Buyer, the Seller and both Realtors for signatures.

Buyer will hire a Professional Home Inspector.

Verification of funds Lender will order the Appraisal.

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Inspection Reports

The Seller will review and response to the Request for Repairs and will complete all Disclosures with his Realtor and order the Home Warranty and the Termite Report.

Escrow will order on behalf of the Seller the Preliminary Title Report and the CC & R (for Condo purchase)

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Disclosures Reviewed

The Buyer will review the Seller’s response to the Request for Repairs, all Disclosures and the Termite Report.

The Buyer will receive a copy of the Appraisal and Prelim Report.

The Buyer will continue to work with the Lender on the process of the loan

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The Closing

Order Hazard and Home Protection Insurance

Termite work completed by Seller. Read and sign Loan documents. Bring in closing cost and down

payment funds (cashiers check only).

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The Closing

Complete Final Walk Through Loan Funding

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Welcome Home

Documents recorded Must Receive Confirmation Number

Receive Keys Move in

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Questions

Leroy & Theresa MillerCentury 21 Landmark Properties

4425 Atlantic Ave, Bldg CLong Beach, CA 90807

Direct Line 310-713-8459www.relocatetocerritos.com

www.relocatetolongbeach.comEmail: theresa.scott@century21.com