Rachel Davenport Presents your: Rachel Davenport Multi Million Dollar Producing Agent Direct: 770.894.9027
My promise is to deliver the best service imaginable for every single one of my clients. I promise to focus on your individual needs in order to ensure the best possible outcome I will be proactive in anticipating potential challenges and minimizing any surprises. I put all my focus on making this a five star experience that exceeds all expectations. MY PROMISE TO YOU: I have built my business with the deep fundamental belief that the phenomenal service I give My clie will always be the foundation that my growth is built upon. I will nev succeed without the consistent satisfaction of my clients. MY MISSION:
I have the trust, honor and privilege of helping clients, like you, purchase their homes. I feel strongly that we should never take for granted the amazing feeling of having a home, having a warm and safe space, where we can be ourselves with the ones we love, where we laugh until we cry (and maybe pee a little). A place where we get to cook huge meals; then overeat and pass out on the couch, or where we order delivery because we just can’t look at the stove right now A home where we make memories that will last our entire lives and we tell stories about things that happened between four walls and a roof. Four walls and a roof…such a simple thing that we all too often take for granted There are too many amazing human beings that share this Earth with us that would never take a home for granted, because they do not have one. They do not have such a simple thing as four walls and a roof. They do not have a place of their own where they can be safe or warm. A place where they can lay down at night with the comfort of a soft bed and a warm blanket They fight the cold, the rain, the shame, and the hunger that comes without having a home everyday. And for those strong and humble people, we at The Davenport Group make it part of our mission to help them. We collect donations throughout the year and work hand in hand with local charities to help those of us that can not say “we have a home” until they are able to say they have one.
I am passionate about giving back to the community, especially those less fortunate, which is why I created “Open Hearts, Open Doors”
OPEN HEARTS, OPEN DOORS
Scan to read what others have said about their experience with me, so you can feel assured you are making the right choice when you hire me!! M Y P R O V E N H I S T O R Y #2 overall producing agent at Keller Williams Realty Partners #21 producing agent in the entire Southeast region #5 Top Luxury Agent in the Southeast region Circle of Excellence Lifetime Member Designated Millionaire Real Estate Agent Status Shooting Star Designation Centurion, Diamond, Ruby & Emerald Awards Over 800 families helped
E N D O R S E D L O C A L P R O V I D E R S Endorsed local providers outperform other agents in the three most important factors of the home-buying process: 1230% 40% 300% at finding and closing homes customer satisfaction home closings FASTER HIGHER MORE RachelDavenport Multi MillionDollarProducingAgent Direct:7708949027
Personal Offer preparation Personal Closing Coordination I'll be there with you at closing Proven Moving Specialists Proven Mortgage Specialists Home inspectors on call Attorney on call Vendors on call W H Y H I R E M E ? I am dedicated to providing you with the best service possible. When you hire me to assist you in finding your prefect home, I will work hand in hand with you and you will not be passed off to someone else who is not the person you hired!
When you hire me I am your personal agent and you will not be working with someone you've never met. Many times, when consumers hire a real estate team they get passed around and end up working with someone they don't know! I assure you, that will never happen when we work together. I will be alongside you, personally making sure you have the best possible experience.
W H Y H I R E A P E R S O N A L A G E N T & N O T A T E A M
M O R E A B O U T M E Name I am a native Georgian and have personally been a Real Estate Agent for over 16 years, during which time I have closed over 800 Real Estate transactions representing both Buyers & Sellers! Because of my experience I have a very thorough knowledge of today’s market & current values. I have built a reputation of professionalism, integrity and placing my clients needs above all else.
was wonderful from moment we meet, very efficient and ional but friendly and made you feel you were on right kept us informed with all transactions and provided all ation we needed to make our decision Rachel was great epartments we dealt with, she is the best and made our experience the best. Thank you!
W H A T O T H E R S S A Y
We were in the loop all the time! Outstanding communication and top notch service make this experience the best of many.
After over 30 years of house flipping we finally found the right agent we were always looking for Our experience working with Rachel to purchase our new home and sell our former house has been wonderful. She excels in communication We were always up to date on information we needed to make decisions We always were able to call if we had questions She is very knowledgable of the market and made each step of the process easy for us. We highly recommend her and will use her again.
Y O U ! Personalized consultation to provide a tailored experience Full time passionate Real Estate Specialists dedicated to you Personal concierge at your fingertips Personalized and detailed property information I am the local expert with connections and knowledge Virtual showings: I know you are busy Knowledgeable guidance and experienced negotiator Personalized closing experience tailored to your needs IT'S ALL ABOUT
PERFECT HOME Most agents only get you access to homes actively listed on the MLS. That means you're missing out! However, when you hire me, I also expand your search to the "Hidden Market." I am dedicated to calling every day to find my clients their perfect home. FINDING YOU THE FOR SALE BY OWNER SELLER'S DATABASE EXPIRED COMING SOON WITHDRAWN
I pride myself on my comprehensive website that hosts a wealth of information about working with me, available properties, and information about buying a property, among other useful resources. Visit me MyWebsite.com for more information. TECHNOLOGY AT YOUR FINGERTIPS
Save & submit all future pay stubs Save & submit all future bank statements (complete with all pages) Keep copies of all documents submitted to processing Do continue to pay all of your debts & loans on time Don't make any cash deposits Don't make any large purchases on your credit cards Don't co sign a loan for anyone Don't change bank accounts Don't apply for new credit cards THE HOME BUYING PATH Start FINISH Pre Approval Preliminary documents include: W2's, pay stubs, bank statements, & tax returns Enjoy the tax advantages of owning a home Grieve your property taxes & apply for STAR exemption Assess your wants & needs, then let your Realtor help you find the perfect home to fit your lifestyle Offer accepted, sign binder & schedule inspection Submit updated documents from pre approval prior to obligating yourself on contract KNOW YOUR NUMBERS Review & sign your contract with your Real Estate Agent or Attorney Order within first week of contract, appraisal inspection is completed Receive your Welcome Package Processor completes all updated information verifications for credit, employment, and assets Received & reviewed; processor updates you of outstanding items needed for approval We will email it to you within 3 days of receipt Processor submits file to underwriting department for review & commitment letter Approved commitment letter issued & sent to you & your attorney to review Submit ALL outstanding closing condition items for the commitment letter prior to final clearance Your attorney submits the title report to the bank attorney for review & clearance Copy of appraisal & mortgage clause provided to you to secure a Homeowner's Insurance Policy You & your attorney are notified that your file is clear to close & a closing date is schedued by your attorneys with the bank attorney You & your attorney are notified that your file is clear to close & a closing date is scheduled by your attorneys with the bank attorney You are at the finish line! All parties sign closing documents with bank attorney Find A Home Make An Offer Contract Appraisal Order Processing Appraisal Report CUnderwritingTommitment itle HReport omeowner ' s Insurance Policy Clear to FClose inal Walk through Post Closing Closing Congratulations, you are a Homeowner! Application Process Helpful Strategy Common Mistakes
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CLOSING ATTORNEY TO
We believe that the customer comes first. Hear that phrase a lot? At Supreme Lending, we prove that it's not just a catch phrase. Experience what it's like to be our priority when you work with loan officers that stay in touch throughout the process and get you and your family into your new home quickly and conveniently MORTGAGE SOLUTIONS David Fox Loan Officer NMLS #252178 Cell: (770) 597 2705 Branch: (678) 495-2800 David.fox@supremelending.co m Understanding the Loan Process
MORTGAGE S Real estate transactions can be really stressful You're either competing with other buyers or worried about settling for the seller's terms and timeline. The thought of losing a home you love or being out negotiated often leads to overpaying and bad decisions But now there's an alternative We designed Buy with cash to strengthen your offer so that you can win the home you want on your terms. Buy with cash Make a winning, all cash offer today. Buy with cash for no cost Convenience fee Our standard convenience fee is 1.9%. But when you use our preferred lender, all of that is credited back to you at closing, reducing your cost to buy with cash to 0% We prorate your rent by day, so you only pay for the time you need Rent Deferred until closing
MOVING SOLUTIONS A FULL SERVICE, LICENSED, BONDED AND INSURED MOVING COMPANY BASED IN METRO ATLANTA Let our team of Angels shoulder the burden of moving for you Avoid the headaches and hassles of moving. Call Charlie’s Angels Movers. We’re based in Metro Atlanta and will carefully transport your valuable cargo across town or across Georgia! Contact us today to schedule your heavenly experience! 678-523-5353 CharliesAngelsMovers@gmail.com
Alan has been an Insurance Agent with State Farm since 2012. He has the Legion of Honor Qualifier Ambassador Travel Qualifier University of Florida, B.S. Over 40 years combined State Farm Experience. I N S U R A N C E Alan Horne Cell: (706) 692-2888 alan.horne.tz5b@statefarm.com
10 MORTGAGE COMMANDMENTS Thou shalt not change jobs Thou shalt not buy a car, truck or boat unless you plan to live in it Thou shalt not max out your credit cards Thou shalt not close any accounts Thou shalt not spend your down payment money Thou shalt not buy furniture (or anything else) before your loan closes Thou shalt not become self employed Thou shalt not make any large undocumented deposits into your bank account over $500 Thou shalt not shuffle, or move, your money around multiple accounts Thou shalt not co sign for anyone 1. 2 3. 4. 5. 6. 7 8. 9. 10. So you have decided that you want to buy or refinance a home. You wonder if your finances are ready. Here are 10 Mortgage Commandments that you need to follow when applying for a mortgage.
HOUSE HUNTING
Check your email daily for property alerts and let me know if you would like me to make an appointment to view a home Check out subdivisions or areas of town that you are considering to become more familiar with the flow of traffic during different times of the day. Use this time to check out school ratings at Greatschools.org Take a drive by the outside of homes to see the curb appeal and to check out the location and neighborhood Send me info of any other homes you may be interested in so I can provide the most up to date info for you Knock on anyone ' s door and ask to see the inside of their home. This includes FSBO's because you will need to be represented for any home you purchase. Remember; the seller pays our commission, even with FSBO's Contact another agent. We will show you all homes currently for sale, even if it is listed by another agent. This includes new construction homes! Remember, the agent only has the builder's best interest in mind, not yours Make any large purchases or open any new accounts. This may negatively impact your ability to secure financing for your new home Look at new construction homes without giving the onsite agent my contact info DO DNOT O
Closing Costs Beyond the cost of the home and the cost inspections, there are other fees associated with obtaining a loan, having the attorney close the transaction and the title company that will insure the loan and insure you as an owner These fees are called "Closing Costs" The Buyer will pay all the costs associated with obtaining the home other than the fee the seller has agreed to pay the Real Estate agent (s). In an effort to reduce "out of pocket" expenses or reduce the amount of cash you will need to bring to the table, we can ask for the Seller to cover a certain amount of those fees, however in this market it may be difficult to request this and you would most likely need to add anything you are asking the seller to pay into your offer amount. Once you have found the property you want, we will write a purchase agreement. While much of the agreement is standard, there are a few areas that we can negotiate:
MAKING AN OFFER
The Price In our current market, the list price is often the starting price and you may need to be prepared to go above the listing price. What you offer on a property depends on a very large number of factors, including its condition, length of time on the market, buyer activity, and the urgency of the seller While some buyers want to make a low offer just to see if the seller accepts, this often isn't a smart choice, because the seller may be insulted and decide not to negotiate at all.
If you can be flexible on the possession date, the seller will be more apt to choose your offer over others. Many sellers like to have a few days after closing to be able to relocate.
Due Diligence In this market, we are seeing many buyers waive their Due Diligence, this is not something we would suggest you do unless you've had the home inspected. The Due Diligence is the time frame in which you want to have all of the home inspections conducted. Average range is 3 5 days allowing you time for home inspectors, pest/termite inspections, radon inspections, etc. This is also the perfect time for you to research the area, neighborhood, school list, sex offender list and crime rates
The Move-in Date
MAKING AN OFFER
Special Stipulations
Additional items of the contract for negotiation are known as special stipulations. This would include home warranties, clearance of HVAC systems, transferring of any existing termite bonds, pieces of existing furniture, etc Sellers take these items into consideration and calculate them into their net amount. We will be keeping this in mind when preparing an offer because in the current market seller's are not finding any special requests appealing. Typically, you will not be present at the offer presentation we will present it to the listing agent and/or seller The seller will then do one of the following:
Once you have found the property you want, we will write a purchase agreement.
By far the most common is the counter offer In these cases, our experience and negotiating skills become powerful in representing your best interests When a counter offer is presented, it may be sent to us on a contract or it may be sent to us by email or even verbally. Any manner in which we receive the seller's counter does not mean it is not a viable counter, it just means that if we counter verbally we MUST have a fully signed and bound contract before you are under contract. A seller has the right to accept another offer, even if we have agreed to terms verbally, up to the point of a fully bound contract We will work together to review each specific area of the counter, making sure that we move forward with your goals in mind and ensuring that we negotiate the best possible price and terms on your behalf.
• Reject the offer • Counter the offer with changes
• Accept the offer
While much of the agreement is standard, there are a few areas that we can negotiate: pt. 2
Earnest Money :
BINDING
Negotiating Repairs: You've hired the inspector with the intention of learning more about the condition of the home. In the event they should find any item that needs to be further addressed, you do have a few options Depending on the item, whether it be large or small, you may need to do further investigation with a licensed professional in that field such as roof, plumbing, electrical, etc In most cases the inspection report, which is provided to us typically within a 24 hour period, is enough to be able to draft an amendment to address property concerns. We use this amendment to either request that the seller make repairs or we ask them to provide money instead of repairs We have come to terms and now you are officially under contract to purchase the property! Now what?
Inspections: If the terms of the contract allow you a period to inspect the property, then you will want to move forward quickly and schedule all the inspections you wish to have done within the first 24 hours of going under contact. That way if issues are found we have time to negotiate repairs before your due diligence period expires and you are forced to purchase "as is". Some of the common inspections buyers choose to have done are radon, home inspections, surveys, termite, foundation, HVAC, septic and well You, as the buyer, are responsible for your own due diligence and must determine which additional inspections, if any, are needed.
This is an area where you can stand out as a buyer. You will want to show the seller how serious you are and will want to make your Earnest Money deposit reflect how dedicated you are to purchasing the home Our agent will be able to guide you in what will make your offer stand out Earnest money will be due just a few days from when we go binding and should always be paid in the form of a check from the account of the purchaser on the loan. Be sure to reference your contract for the deadline. You will need to take a photo of the check for your records and then send the check to the holder. In a typical market, we usually see 1% of the purchase price is offered as earnest money
Appraisal: $450 $550 Home Inspection: $350 $600 Termite Inspection: $35-$50* HVAC Inspection: $125 $250* Radon Inspection: $150 $250 Survey: $1,200+* Septic Inspection: $450-$650* Well Inspection: $150* Roof Inspection: $250* Foundation Inspection: $400* POTENTIAL ASSOCIATED COSTS Pro rated property taxes* Title search & title insurance* Lenders closing costs* GA transfer tax* Downpayment Representation fees not included in the purchase price Recording & Admin fees* Lenders escrow deposits* PriortoClosing AtClosing *You may be able to negotiate for the seller to pay some of these costs
Renegotiate the Deal with the Seller
THE APPRAISAL
You can ask the seller to drop the purchase price to the appraised value. The seller may be willing to do this if the property was on the market for several months If they do not lower the price, the seller risks losing you as a buyer They will have to incur the trouble of putting their property back on the market again and it make take some time for them to receive another offer. Additionally, the next buyer may incur the same problem with the appraisal. Unless the home is in a highly desirable and competitive area, youwill have the advantage in negotiations with the seller.
Since today’s buyers and sellers are savvier and more informed about a home’s “going price,” houses are much less likely to fall below their appraisal price than in years past. However, fair market values can shift, potentially adjusting your appraisal by thousands If this happens to you, consider the following options :
If you have the financial means, you can make up the difference between the purchase price and the appraised value by putting extra cash down. If there were multiple offers on the house, another buyer may be willing to pay above the appraisal value, so the seller may be less likely to negotiate with you. If this is the house of your dreams and will be your “forever” home, you may want to pursue this option.
The dollar amount the bank will lend you is based on the appraised value of the house rather than the agreed upon purchase price between the buyer and the seller The house you are buying may come in at a higher or lower value depending on its comparable age, square footage, physical attributes, and the number of bedrooms and bathrooms.
Make Up the Difference
THE APPRAISAL
The seller and buyer can split the difference The seller can reduce the purchase price by a certain amount and the buyer make up the difference by bringing cash to the table. If the seller has shown good faith in the transaction, for instance, by being fair and reasonable in responding to repairs requested as a result of the home inspection, you may want to go this route. In my experience, this is the most common solution when there is a difference between the purchase price and appraisal value.
Either the buyer or seller can request a second appraisal. If the sellers were surprised by the home’s lower than expected appraisal value, they may opt to pay for the second appraisal, which will still be ordered by the buyer’s lender. If there were attributes of the home that were overlooked or if recent comps in the immediate area were not included in the original appraisal, this should be pointed out to the second appraiser. The second appraisal could come in higher if the first appraiser was inexperienced or was out of the area Cancel the Transaction
Request a Second Appraisal
Split the Difference
Most purchase agreements that contain financing include loan and appraisal contingencies. If the appraisal comes in low and all else fails, a buyer can cancel the transaction and request to receive back their earnest money deposit However, buyers should be aware of contingency deadlines For instance, a 10 day appraisal deadline means that the appraisal must be performed within 10 days after the contract ratification date. If the deadline is missed, then the contingency is no longer in effect
pt. 2
A LOOK BACK & AHEAD
A LOOK BACK & AHEAD
A LOOK BACK & AHEAD
A LOOK BACK & AHEAD
A LOOK BACK & AHEAD
125 Buyers helped 75 H&B Buyers accepted 27 off-market homes sold 126 Sellers Helped 13 local charities helped Over 500 doors knocked 2 0 2 1 A T A G L A N C E
WHY KELLER WILLIAMS
Direct: 770.680.3046 Office: 678.494.0644 DavenportGroupGa.com
