1. Initial Meeting
 | Discuss present and future housing needs, i.e.:
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Single family home vs condo/town house |
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Number of bedrooms and bath rooms |
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Square footage of home and lot size |
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Location vs commute to work/school |
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Desired amenities and age of home |
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Your family size – current and projected |
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Any hobbies or special needs to accommodate |
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Preferred condition of the property (fixer upper?) |
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| Financing
| Referrals to a lender or mortgage broker |
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2. Preparing the Purchase
Agreement
| Prepare an itemized estimate of buyer’s closing
costs, down payments and monthly payment for proposed
home purchase. |
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As needed, review a comparable market analysis to
determine approximate fair market value |
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As needed, confer with listing broker to accurately
access buyer's negotiating position vis-à-vis the
seller. |
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Prepare the purchase agreement on behalf of buyer with
special consideration being given to:
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Purchase price |
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The deposit |
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Closing costs |
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Loan contingencies |
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Fixture vs personal property |
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Professional inspections |
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Flood, special study zone & other disclosures |
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Close of escrow |
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Possession |
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Condition of the property at time of possession |
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An overall avoidance of unnecessary controversy,
complications or delays |
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Arrange for contract presentation to seller listing
broker, or both, as appropriate. Meet with the said
parties, negotiate on buyers behalf and facilitate the
negotiations of any seller’s counter offer to buyer,
and vice versa. |
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3. Processing the Escrow
| Open escrow |
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Coordinate loan processing with loan officer |
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Arrange access for inspectors |
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Review all reports, forwarding them to the client (with
interpretations, when needed) |
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Order and schedule all repair work |
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Review and forward all completion notices to client |
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Review client’s escrow instruction with escrow officer |
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Schedule and conduct buyer’s “walk-through”
inspection |
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Arrange client-escrow officer sign-off meeting |
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Coordinate close of escrow and possession |
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Arrange for transfer of the keys to the property |
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In short handle any and all problem that arise along the
way. |
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