YOUR GUIDE TO
home THE O'DWYER-BRAINARD TEAM
MICHAEL O’DWYER & HOLLY BRAINARD Associate Real Estate Brokers
MICHAEL O'DWYER 631.741.4262
YOURLIHOME.COM
HOLLY BRAINARD 631.235.3300
Michael O'Dwyer and Holly Brainard ASSOCIATE REAL ESTATE BROKERS
a little about us... Michael and
has
been
managed
Gale
Sotheby’s Brook
managers
the
office,
restoring
Holly
has
in
is
he
been
in
IBM
real
everyday
marketing
board
member
Scout
leader,
raised
and
provides
are
the
enjoys
estate
instilled
of her
in
the
the
both
perfect
years
having
Estate.
After
the
Michael
with
the
Village
10
to
to
community
families
entrenched combination
real
in
here, the
of
Daniel
manager
of
relationships
the
with
renovating
expertise
lifelong
Her
incorporate
Historical
owned
and
commitment
to
community.
years.
changing
Village
His
the
with
experience
personal
clients.
Three
over
countless His
previously
merger
remained
network.
him
desire
ever
their
40
fostering
gives
for
the
Three
of
and
the
commitment
totally
Real
sharing in
over
Sotheby’s
homes
unmatched
for
roots
entire
for
Realty,
developing
the
manager
Having
O’Dwyer
countless
that
industry
estate
International
other
knowledge
real
Virginia
Stony
and
in
success
estate
Holly
world. PTA,
As
project
into a
and
current past
Girl
unquestioned.
and
community.
traditional
a
technology
Society,
goes
as
Michael Their
have
deep
partnership
marketing
and
technology.
let's connect Michael Holly
631.741.4262
631.235.3300
hollyandmichael@danielgale.com
yourlihome.com
1067 Route 25A, Stony Brook, NY
@HollyandMichaelDGSIR
instagram.com/theodwyerbrainardteam
HOME BUYER'S Roadmap Use this roadmap as a quick overview of the buying process. If you have any questions, please reach out to us!
1
2
3
FIND AGENT
FINANCIALS
TOUR HOMES
Find a great agent that
Determine what you can
Start searching for
you're comfortable
afford, get a credit check
and touring homes
working with
and pre-approved for a loan
6
5
4
INSPECTION
NEGOTIATE
OFFER
Set up an inspection
Let your agent help
Work with your
and plan to attend
you negotiate with
agent to make a
the seller
strong offer
7
8
9
APPRAISAL
LOAN APPROVAL
MOVING
Set up for an appraisal to
Receive your final approval
Set up your moving
be done on the new home
letter from the lender
date with movers
10 CLOSING Attend the closing meeting, get keys and celebrate!
THE O'DWYER-BRAINARD TEAM Associate Real Estate Brokers
Michael O'Dwyer 631.741.4262
hollyandmichael@danielgale.com YOURLIHOME.COM
Holly Brainard 631.235.3300
REAL ESTATE
PRE-APPROVAL A pre-approval is a preliminary evaluation conducted by the lender to show that the buyer has the funds to purchase up to a certain amount. This is extremely helpful when you find a home you're ready to put an offer on.
OFFER An agreement between a buyer and a seller to purchase a piece of real estate. This is sometimes referred to as a sales contract.
CONTINGENCY When an offer is accepted by the seller, but there are certain conditions that must be met before the sale is final.
CLOSING COST The fees that are paid at the end of the purchase by either the buyer, seller or both. These include taxes, insurance and lender expenses.
EARNEST MONEY Also known as "good faith" money, this is money put up by the buyer into a trust or escrow account. This action shows the buyer is serious about purchasing the home.
Terms
TITLE SEARCH A title search proves that the property is, in fact, owned by the seller. You can also purchase title insurance to make that no issues that arise later.
APPRAISAL The appraisal is the value given to a property based on comparable properties that have recently sold. This is typically required by the lender in order to decide if the requested loan amount is in alignment with the value of the property.
HOME INSPECTION An inspection is a professional examination of the property's condition. Your agent can recommend a qualified home inspector for you.
DISCLOSURES All seller's are required to fill out a property disclosure stating what they know about the property - good or bad.
CLOSING This is the final step of your real estate transaction. At closing the funds from the buyer are provided to the seller and the buyer receives the keys. This process typically takes an hour.
REAL ESTATE IS AN IMPERISHABLE ASSET, EVER INCREASING IN VALUE. IT IS THE MOST SOLID SECURITY THAT HUMAN INGENUITY HAS DEVISED. IT IS THE BASIS OF ALL SECURITY AND ABOUT THE ONLY INDESTRUCTIBLE SECURITY.
RUSSEL SAGE
ten steps to
BUYING A HOME 01
FIND A GREAT AGENT
02
FINANCIALS
03
TOUR HOMES
04
MAKE AN OFFER
05
NEGOTIATE OFFER
06
INSPECTION
07
APPRAISAL
08
FINAL LOAN APPROVAL
09
SCHEDULE YOUR MOVE
10
CLOSING
FINDING A GREAT AGENT A
real
you
estate
as
you
buying
you
a
through
skilled the
best
interests
home
a
huge
is
of
the
one
your
asset
home-
of
the
life
and
professional
to
you
guiding
you
process.
agent
you
is
through
This
decisions
Your
guide
go
process.
biggest need
agent
will
be
in
working
mind
through
all
and the
with can
your
help
stages
of
buying.
Connect YOU WITH THE PERFECT HOME Agents often have access to information about homes going on the market before the public. They can also arrange open houses and tours of homes that match your criteria.
Knowledge OF NEIGHBORHOOD Agents will be able to offer insightful details about the neighborhoods you are considering.
Attention TO DETAIL The process of buying a home requires a good deal of paperwork. Your real estate agent will help you fill out all documents and get them submitted properly.
Professional NEGOTIATOR Agents deal with any difficult conversations that need to happen. They will also help you submit a strong offer and negotiate with the seller on your behalf.
Expert GUIDE Realtors are there to help you with any questions you have along the way. They offer an objective opinion when you're analyzing the features you're looking for.
FINANCIALS Lenders spend your
recommend
no
more
annual
home.
You
mortgage which
that
than
3-5
income
can
on
find
a
times
a
new
many
calculators
provide
you
online,
great
starting
point.
When to
calculating,
include
attorney and for
extra
expenses
like
home
inspection
appraisal
costs
and
home
While
it's
put
20%
a
ideal
isn't
necessary.
and
loans
little
home,
ways
as
if
you
can
down-payment
new
many
money
improvements.
your
of
forget
fees,
any
less
don't
to
with you
it
certainly
There
put
3.5%.
are
down
certain may
on
much
types
need
as
CREDIT CHECK It
is
as
important
this
will
mortgage
be
to a
sometimes
you
loan,
or
above.
interest
a
ideally
The
a
factor
approval
While a
have
and
in
higher
check
in
the
want
the
done
determining
interest
score you
credit
rates.
500's
to
aim
score
your
the
can
for
620
lower
rate.
PRE-QUALIFIED & PRE-APPROVED Many
times
different
areas.
which
is
Either
way,
more
seller
that
funds
to
offer.
so
You
being
you
purchase
still
Don't
new
want make
credit
want
in
serious
you
be
your
used to
the
home
can
can
be
any
cards
ask
or
that
help
and
real then
estate
you
most
you
you
shows
likely
choose
budget
agent
apply.
pre-approved
should
also
your
in
to
have
the the
place
as
you
will
be
an
will
know
afford.
does
to
and
interchangebly
market
pre-qualified
you're
what
can
will
credible
pre-approval
time. for
terms
Pre-approval
exactly
This
these
not
guarantee
careful
large during
with
your
purchases, this
a
time.
loan
spending
change
offered
during
jobs
or
this
apply
get
the
TOUR HOMES
Make
a
things
list
of
you a
need
want
in
new
Think
about
bedrooms
all
the
and
home.
how
many
and
bathrooms
you
We
need.
will
homes Do
you
kitchen in
yard
to
you?
want or
is
more
a
big
a
fenced-
start and
touring
weigh
positive
and
aspects
of
all
negative
each
one.
important When your
you next
make
and
through
find
THE
step
will
offer
any
house, be
and
the
photos
photos
remember
Focus or
on
size
Test
at
your
home
details
the
of
phone
with
the
while
visiting
address
of
each
the
house.
property
so
Organize you
things
as
turn
everything
is
you
you
walk
faucets in
can
later.
can't
change
like
the
neighborhood,
bedrooms.
things
windows,
with
through
on
working
and
the
flush
order.
home. toilets
Open to
and
make
close
sure
to
go
negotiations.
Home searching tips...... Take
the
lot
MAKE AN OFFER Once is
to
you've make
properties
found
an in
the
offer. the
We
area
home
you
will
look
and
want, at
decide
the
next
step
comparable
on
a
strong
first
offer.
Many
owners
negotiate well.
so
price we
a
will
little take
high that
expecting into
to
consideration
as
NEGOTIATE OFFER
Many
times
initial
offer
presented will
after
come
the
is
the
owner
back
with
a
counter-offer.
As
a
buyer,
afraid what
to
a
new
whole You
that
be
or
house
don't
unless
for
want.
roof
they're
be
bargain
you
Whether
don't
the
painted.
know
willing you
cost,
ask.
what to
do
INSPECTION It's
always
your
offer
a
good
stating
have
the
property
back
out
of
on
the
idea that
to
add
you
have
inspected.
agreement
a
contingency a
certain
This
if
gives
you
and
amount
you
the
clause
the
into
of
time
right
seller
can't
to
to agree
repairs.
Plan
to
attend
prepared
You it's
will
to
the
ask
receive
sometimes
hear
the
inspection
any
a
questions
report
easier
information
and
to
of
see
be
you
have.
findings, the
directly
issue
from
but and
the
inspector.
After
the
inspection
there
are
any
negotiate
Be not
careful let
pressing
with
to
major
is
the
not
complete,
decide
issues
want
you
seller.
be
too
concerns
picky,
go
but
also
unaddressed.
to
if
APPRAISAL Your lender will require an appraisal of the home before finalizing the loan.
The home appraiser will take into account the neighborhood, housing market, age and condition of the home, etc.
A property title search will ensure that the sellers are truly the owners of the property and any leins or judgments are disclosed.
LOAN APPROVAL The
loan
loan.
You
review once
Home
is
only
will
your
fully
complete
receive
income,
a
final
credit
after
the
approval
report
and
lender
letter
approves
after
employment
the
they status
more.
owners
company
will
insurance finalize
is
the
also loan.
required
before
the
mortage
SCHEDULE YOUR MOVE You will want to get movers scheduled as soon as possible. Make sure to avoid scheduling the move and closing on the same day if possible. If you will be doing renovations, start getting quotes from contractors.
Make sure you set up the transfer of utilities for closing day.
10 CLOSING Closing of
your
closing
is
the
home. to
final You
assure
and
everything
The
closing
patience. ID,
cashier's
title
Don't door
opener
that
is
in
check or
to
Congratulations
a
itself
re-key
to
final
negotiated
any
become
the
legal
walk-through
work
has
been
just
owner before
completed
order.
requires
with
and
your other
a
lot
of
paperwork
government documents
issued
and
photo
required
by
the
officer.
all
when
on
you
working
loan
code
for
take
prepared
company
forget
will
process
Be
step
your
the
the
locks
and
property
new
home!
is
change
the
officially
garage
yours.
CUSTOMERTestimonials Holly referred us to a terrific network of people from plumbers to electricians that helped us prepare the house for sale. She brought in a wonderful photographer to showcase our home with its best possible views; it looked amazing! Holly's greatest strengths are her excellent communication skills, negotiation style, and marketing/technology background. She was always available to answer questions and give feedback and is very hard working and professional. Holly has a real talent and passion for her work and goes above and beyond for her clients. She treats you more like family! We were very happy!
Ann Hooker
Michael was so professional and skillful at selling my house. He was a pleasure to deal with daily. He valued my house at a very high number which was located on a unique street and was able to achieve the number in a short time frame. I highly recommend him for the three village area. Pleasure to work with!!
Zillow 09.15.2016
Holly was a pleasure to work with. She not only found me the perfect house, she negotiated a great price, and helped coordinate everything from the home inspection to recommending a great closing attorney. Thanks Holly...I couldn't have done it without you.
Steve Dressler
Within a few days of our first meeting at an open house, Michael was able to identify and show us a house that met all of our requirements. His knowledge of the area (and local contractors) was very useful, and he was a pleasure to deal with throughout the entire process. We highly recommend Michael for your sale or purchase needs!
Zillow 02.16.2016
RECOMMENDED lenders Anne Castro
Home Mortgage Consultant
Wells Fargo Home Mortgage
631.273.2263
office
631.949.2819
cell
anne.f.castro@wellsfargo.com www.wellsfargo.com 3033 Expressway Drive North Islandia, NY 11749
Marc Franchi
Mortgage Loan Officer
Caliber Home Loans
marc.franchi@caliberhomeloans.com 516-962-8520
cell
www.caliberhomeloans.com 330 South Service Road Suite 130 Melville, NY 11747
Jonathan Bardram
Vice President
Coltrain Inc Funding Group
888.745.3303 X13
office
631.275.5143
cell
jbardram@coltrain.com www.coltrain/jbardram.com 140 Fell Court Suite 101
Hauppauge, NY 11788
RECOMMENDED inspectors John Zeoli
Owner
New Home Inspectors, LLC
631.368.1800
office
631.626.4768
cell
quality@newhomeinspectors.net www.newhomeinspectors.net
P.O. Box 586 East Northport, New York 11731
Blaise Ingrisano
Inspector
Inspecticore
631.366.2776
cell
www.inspecticore.com
1121 Walt Whitman Rd Suite 302 Melville, NY 11747
RECOMMENDED attorneys Susan F. Fitzpatrick, ESQ
631.331.1900
Attorney at Law
office
susanfitz9@optonline.net www.susanfitzpatricklaw.com 1031 Main Street Port Jefferson, NY 11777
Steven Siliato, ESQ
Attorney at Law
Lieb at Law, PC
steven.siliato@liebatlaw.com 646.216.8009 x151
office
www.liebatlaw.com 308 W. Main Street Suite 100
Smithtown, NY 11787
Peter Legakis, ESQ
631.751.1464
Attorney at Law
office
legakis@optonline.net
6 S. Jersey Avenue Suite C Setauket, NY 11733
Elisa P. Gerontianos, ESQ
641.473.5550
Attorney at Law
office
epglaw@outlook.com 503 Main Street Port Jefferson, NY 11777
HOME TOURING
ADDRESS OF PROPERTY:
Checklist
______________________________________________________
DATE VISITED: _______________________ PRICE:
________________________________
BEDROOMS: ________ BATHROOMS: ________ SQUARE FOOT:
__________
LOT SIZE: ____________________________ YEAR BUILT: ___________________________ SCHOOL DISTRICT:
_____________________________________________________________
CURB APPEAL DISLIKE
NEUTRAL
INTERIOR LOVE
DISLIKE
EXTERIOR DISLIKE
NEUTRAL
NEUTRAL
LOVE
PRICE LOVE
DISLIKE
LOCATION DISLIKE
NEUTRAL
NEUTRAL
LOVE
NEIGHBORHOOD LOVE
DISLIKE
NEUTRAL
LOVE
ADDITIONAL COMMENTS: ____________________________________________________________ ___________________________________________________________________________________ ___________________________________________________________________________________ ___________________________________________________________________________________
Notes
THE O'DWYER-BRAINARD TEAM
MICHAEL O’DWYER & HOLLY BRAINARD Associate Real Estate Brokers
MICHAEL O'DWYER 631.741.4262
YOURLIHOME.COM
HOLLY BRAINARD 631.235.3300