E R ER I C
R O M A N
R E A L T O R®
Making The Move MY
C O MMITME NT
TO
MY
BUYER
As a Real Estate Professional, I will... •
Conduct counseling and information sessions to identify your needs and goals in order to plan an accurate property search.
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Offer to arrange a pre-qualifying or pre-approval meeting with a lender to determine affordability range.
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Commit to priority availability for property research and showings to accommodate your needs and schedule.
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Offer access to community and property information.
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Complete a market search to identify properties consistent with your needs and price range.
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If requested, provide data on properties recently sold within the area of your home selection.
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As available, offer a property description and seller’s statement of property condition.
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Prepare a written Offer to Purchase on the property of your choice, reflecting your price and terms.
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Present all purchase offers in a timely fashion using standardized forms.
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Provide assistance in accessing information on licensed building inspectors prior to the Offer to Purchase.
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Assist you in monitoring the status of satisfaction of contract contingencies.
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Accompany you on walk-through inspections before closing, if provided for in the contract.
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Contact you after closing to ensure the satisfactory completion of all service details.
(407) 342-5594 erom1015@gmail.com eroman.coldwellbankerackley.com
When you buy through me there are specials Benefits Only I Can Provide benefits no one else can offer
Each OfďŹ ce Is Independently Owned And Operated.
I’ll Take You Through The Process Congratulations! You've decided to start fresh and purchase a new home. This is a very exciting time for you and we look forward to guiding you smoothly through this process, helping you to efficiently find the home of your dreams. As you will see, there are several steps you must take before moving into your new house. When working with a Coldwell Banker Vanguard® sales associate, you can feel confident your search for a new home will be a success. Let's get started!
1. You’ll have an expert to guide you through the process.
Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page settlement statements.
2. Get objective information and opinions.
REALTORS® can provide you with local community information on utilities, zoning, schools, and more. They'll also be able to provide objective information about each property.
3. Find the best property out there.
Sometimes the property you are seeking is available but not actively advertised. Your REALTOR® will research on your behalf to find all eligible properties.
4. Benefit from their negotiating experience.
There are many negotiating factors, including, but not limited to, price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment.
5. Property marketing power.
Real estate doesn’t sell by advertising alone. In fact, many real estate sales are the result of a REALTOR'S® contacts through previous clients, referrals, friends, and family.
6. Real estate has its own language.
If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.
7. Buying and selling is emotional.
A home is not just four walls and a roof - it symbolizes family, rest, and security. Having a concerned yet objective third party helps you stay focused on both the emotional and financial issues most important to you.
8. Ethical treatment.
As a REALTOR® client, you can expect honest and ethical treatment in all transaction-related matters. It is mandatory for REALTORS® to take a Code of Ethics orientation, as well as a refresher course every four years. Providing you with the best service is a top priority.
Homebuyer’s Checklist Familiarize yourself with the mortgage process Get pre-qualified and pre-approved Get finances in order and prepare your budget Identify your needs and wants Find the home that meets your criteria Negotiate a price and make an offer Arrange for a home inspection Confirm a closing date Conduct a walk-through of the home Close and settle the deal
Frequently Asked Questions How long is the mortgage application process?
It usually takes 45 to 60 days to process an application, although some transactions can take as few as 7 days - or as long as 90. The actual time depends on how quickly the lender can obtain a credit report, verification of employment and bank accounts, and an appraisal of the property.
What documents will I have to provide?
Be prepared to provide verification of income (including a pay stub and recent tax returns), bank account numbers, and details on any long-term debt from credit cards, auto loans, child support, etc. If you are self-employed, you may be required to provide financial statements for your business. In recent years, lenders have been required to obtain more specific information from borrowers in order to package and sell loans to investors.
Could anything delay approval of my loan?
If the lender is provided with complete, accurate information, everything should go smoothly. You may face a delay if the lender discovers credit problems, or if personal or financial status changes occur between the time you submit an application and closing. There may also be delays associated with the appraisal.
What’s included in my house payment?
Principal and interest on your loan. Depending on the terms of your loan, the payment may also include hazard (homeowners) insurance, mortgage insurance, and property taxes.
Can I pay those other things separately?
Not if it’s an FHA or VA-insured loan. With most other loans, you can pay your own taxes and insurance if you borrowed no more than 80% of the purchase price or appraised value of your home. Check with your lender to be sure.
What do the closing costs include?
Closing costs cover processing and administration of your loan. In addition to a loan fee, you’ll usually be asked to prepay interest charges to cover the partial month in which you close. You may also be required to deposit monies into an escrow account for property taxes, hazard insurance, and mortgage insurance. These are called "reserves".
When do my mortgage payments start?
Usually about 45 to 60 days after closing. The actual date of your first payment will be included in your closing documents.
More Questions? Call Me!
One of the many advantages of working with an agent is our access to multiple listings. This means you can see every house on the market. We can provide a detailed description on any property of interest, including special features. Plus, we screen all the listings before we show them to you, in order to save you time and eliminate any homes that don't meet your criteria. Open houses are a great way to get a feel for a specific property. You can be confident that I will inform you of upcoming open houses, giving you important information and details about the property. If you are looking for particular features, such as wheelchair access, a swimming pool, or even skylights. I will be sure to show you only those properties that accommodate your needs.
What does your future home look like? Where is it located? As you hunt for your dream home, consult this list to evaluate properties and keep your priorities in mind: • What neighborhoods do you prefer? • Which school systems do you want to be near? • How close must the home be to these amenities: • Public transportation • Airport • Expressway • Neighborhood shopping • Schools • What architectural style(s) do you prefer? • Do you want to buy a house, condominium, or town home? • Would you like a one-story or two-story home? • How many bedrooms must your new home have? • How many bathrooms must your new home have? • Do you prefer new construction or an existing home? • If you’re looking for an existing home, how old of a home would you consider? • How much repair or renovation are you willing to do?
Home Features Front Yard
Must Have
Would Like
Willing to Compromise
Not Important
Backyard
Must Have
Would Like
Willing to Compromise
Not Important
Garage (__)Car(s)
Must Have
Would Like
Willing to Compromise
Not Important
Patio/Deck
Must Have
Would Like
Willing to Compromise
Not Important
Pool
Must Have
Would Like
Willing to Compromise
Not Important
Family Room
Must Have
Would Like
Willing to Compromise
Not Important
Formal Living Room
Must Have
Would Like
Willing to Compromise
Not Important
Formal Dining Room
Must Have
Would Like
Willing to Compromise
Not Important
Eat-in Kitchen
Must Have
Would Like
Willing to Compromise
Not Important
Laundry Room
Must Have
Would Like
Willing to Compromise
Not Important
Attic/Storage
Must Have
Would Like
Willing to Compromise
Not Important
Fireplace
Must Have
Would Like
Willing to Compromise
Not Important
Master Bath
Must Have
Would Like
Willing to Compromise
Not Important
Wood Floors
Must Have
Would Like
Willing to Compromise
Not Important
Financing Checklist You apply for a mortgage or loan.
Lender begins processing application.
Lender provides booklet of estimated closing and related costs.
Lender requests a credit report, verification of employment and assets, and an appraisal of home.
Lender provides estimate of your loan costs in form of initial Truth in Lending Disclosure Statement or Good Faith Estimate. Lender evaluates the application and pre-approves the loan.
Search begins. A sales associate shows you multiple listings. You find the house you want and make an offer. Lender processes loan and issues final approval. Lender disburses funds to closing agent.
You sign closing documents and loan is funded.
Before you begin your search for a new home, you need to determine your budget and estimate how much you can afford. One of the most important factors in figuring out your financial budget is getting pre-approved for a mortgage. A mortgage is an advance of money from your lender that covers the finances of your new property. The mortgagee you - must make monthly payments to repay the debt. The monthly payment consists of principal and interest, and is repaid over 15, 20, 30, or 40 years. This is how most homes are financed.
The Road To Home Ownership
Appropriate documents are recorded at county recorder’s office. The home is yours!
Unless you're a cash buyer, homes and financing are closely intertwined. Financing is the difference between the purchase price and the down payment, commonly referred to as the mortgage. Of course, a bank will only lend you money if they are sure your credit is strong and feel confident you have the ability to pay them back. A bank checks your credit by studying your financial history, income, federal tax returns, pay stubs, and long-term debt information (such as credit cards, auto loans, child support, etc.) to determine if you are a good candidate for a loan. If your credit report is good, then you have an excellent chance of obtaining a mortgage. If not, then you must take the appropriate steps to improve your credit rating.
Once you've found the perfect home, your agent will write up the offer. Once the offer is accepted, there are various steps that need to take place before you can close. These include completing a loan application, ensuring your qualification and commitment, completing all inspections, making necessary repairs, surveying and appeasing the property, analyzing the title, receiving an issued title insurance commitment, and securing homeowners insurance. At this time, the sales transaction is finalized, the Disclosure Statement is released, money is exchanged, all paperwork and agreements are signed, and the title of property is transferred. Congratulations! You now own your home! Š2015 Coldwell Banker Real Estate LLC. A Realogy Company. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
E R ERI C
R O M A N
R E A L T O R®
E R
E RIC
ROM AN
R E A L T O R®
ERIC ROMAN, REALTOR® (407) 342-5594
erom1015@gmail.com 10743 Narcoossee Road Suite-A6, Orlando, FL 32832 www.coldwellbankerackley.com
If your property is listed with a real estate broker, please diregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooporate fully. ©2017 Coldwell Banker Ackley Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned And Operated, except for Offices Operated by a subsidiary of NRT LLC. Coldwell and the Coldwell Banker logo are registered service marks owned by Coldwell Banker Real Estate LLC. All information deemed reliable but not guaranteed. USAA® Real Estate Rewards Network is offered by USAA Relocation Services, Inc., a licensed real estatebroker and subsidary of USAA Federal Savings Bank. Program may be unavailable for employer-sponsored relocations. Not available for transactions in Iowa or outside the US. This is not a solicitation if you are already represented by a real estate broker. Obtaining a mortgage from USAA Bank is optional, not required to utilize the USAA® Real Estate Rewards Network, and can be acquired from other sources. Use of the term “member” does not convey any legal, ownership, or eligibility rights for property and casualty insurance products. Ownership rights are limited to eligable policyholders of United Services Automobile Association. USAA means United Services Automobile Association and its affiliates.