Listing Presentation | The Wilcox Group

Page 1

As the fourth-largest city in the United States, Houston is a vibrant, diverse, and bustling metropolitan area that offers a unique blend of art, culture, world-class cuisine, and entertainment.

A family-oriented city, with numerous parks, playgrounds, and outdoor recreation areas, Houston is a wonderful place to call home.

About

THE WILCOX GROUP

The Wilcox Group, led by Emily and Blake Wilcox, stands as a real estate powerhouse renowned for its exceptional performance in Montgomery County and beyond. With an impressive track record of over 800 successful transactions, the team has achieved a remarkable production value exceeding $300 million.

The Wilcox Group’s consistent success is a testament to their dedication to providing unparalleled service and achieving outstanding results for their clients.

About

Name one of Houston Business Journal's Top Real Estate Team, 2018, 2020, 2022, & 2023

Included in the Emerald Elite lists 2018, 2019, 2020, 2021, 2022 & 2023

Ranked #1 Overall Team, 2021, 2022 & 2023.

Awarded 2023 Better Homes & Gardens PAIGE Award.

Awarded Woodforest Agent of the Year.

Recognized in the Houston Agent Who's Who lists in 2018 and 2019.

Consistently a Multi-Million Dollar Producer every year.

Member of the Better Homes and Garden’s Founder's Club.

$305M+ IN PRODUCTION 800+ CAREER CLOSINGS
Awards

The Wilcox Group offers unparalleled real estate services, prioritizing personalized attention and exceeding expectations for each client. With a dedicated team of experienced agents, they navigate the complexities of buying and selling properties with ease, ensuring a seamless and stress-free process. Their commitment to communication ensures clients are informed every step of the way, while their comprehensive services, including relocation, luxury, ranch, land, and investment consulting, cater to diverse needs. Additionally, they actively contribute to their community through events like Give Thanks and Wrapping with The Wilcoxes, demonstrating their dedication beyond real estate transactions.

HAP PY

CLIENTCLUB no . 1

COMPANY-WIDE OVERALL TOP TEAM

I love my job as a realtor because every day presents new challenges and opportunities to make a meaningful impact in people's lives through the joy of finding their dream home.

$96M+

IN PRODUCTION

250+

CAREER CLOSINGS

SCAN QR CODE

TO VISIT MY WEBSITE

EMILY WILCOX

Emily is the co-founder, team lead, and top producing REALTOR of The Wilcox Group of Better Homes and Gardens, Gary Greene. Her expertise lies in the art of buying, listing, marketing, and staging real estate in the captivating regions of Montgomery and North Harris Counties. Emily's diverse background in marketing, corporate merchandising, and pharmaceutical sales, combined with her Marketing degree, imbues her with a wealth of knowledge to navigate the real estate landscape with confidence and ease.

With an unwavering commitment to excellence, Emily has led her team to multiple awards for their outstanding achievements and immaculate production. She has garnered several designations and is certified in relocation, marketing, and luxury home sales. Her fierce negotiation skills, coupled with her profound knowledge of the industry, make her a force to be reckoned with.

Beyond her remarkable accomplishments in real estate, Emily is also a devoted philanthropist. Her altruistic spirit is evident in her leadership and involvement in organizing events for charities such as Give Thanks and Giving Goes Glam. She has been an active member and previous board member of The Junior League of The Woodlands, The Church at Woodforest, and Women of Woodforest.

Emily's passion for giving back is matched only by her dedication to her clients. She derives immense joy from making her clients' dreams come true and is committed to providing top-notch service and unparalleled satisfaction. Emily's team has received numerous accolades, including exclusive awards such as HBJ Women Who Mean Business and HBJ Top Teams In Houston and P.A.I.G.E Award, making them a multi-award winner in the real estate industry.

Meet

Testimonials

THE ABSOLUTE BEST!

The ABSOLUTE BEST real estate experience we have ever had! The Wilcox Group sold our house in less than a day for a record price in our neighborhood in The Woodlands and helped us find our "forever home." HIGHLY RECOMMENDED

VERY RESOURCEFUL

The Wilcox Group is very resourceful, knows the market, listens to your needs and wants and will be straight forward with you. Thanks to The Wilcox Group we are now in our dream home. We highly recommend to anyone who may be looking to buy or sell their home.

QUICK, PERSONABLE AND PROFESSIONAL

The Wilcox Group was fantastic to work with. Easy to talk to, knowledgeable, quick to respond and had great ideas as far as negotiation of our contract. I would definitely recommend them to anyone!

TRUSTED 100%

The Wilcox Group made us feel completely at ease during the whole buying and selling process. Their knowledge truly helped us make the best decisions and we trusted them 100% with the sell of our home. We couldn't of asked for a better experience.

WON'T BE DISAPPOINTED

If anyone is looking to sell their home and or buy one. My family just had The Wilcox Group list our house on the market this past Monday. It sold in less than 24 hours. Full price offer, no exclusions. First class service. Please seek them out. You won’t be disappointed. Huge thank you to the Wilcox team!!!!

Community Outreach

NEED INFORMATION FROM THE WILCOX TEAM

Our Brokerage

v

From our earliest days in Houston, we have remained brokerage leaders in the real estate industry by developing relationships with our clients and our communities. The Better Homes and Gardens ® Real Estate brand was built upon a passion for the home. Sellers benefit from this well known brand through the exposure generated by millions of home searches on their website and the inherent trust of the iconic brand.

$2.46B+

2023 TOTAL SALES VOLUME

$1.15B+

2023 LISTING VOLUME

$1.3B+

2023 BUYER VOLUME

5.5K+

2023 TOTAL TRANSACTIONS

2.5K+

2023 LISTINGS SOLD

3K+

2023 BUYERS REPRESENTED

v

Marketing

& TRANSACTIONS

Our marketing strategy is specifically tailored to your home, utilizing our extensive local and global network. Our team comprises of expert agents skilled in negotiations and possessing in-depth knowledge of the local area. We leverage a range of systems and strategies that ensure a seamless home selling process. Our relocation certification enables us to facilitate the buying, listing, and inventory of homes with ease. We also provide guided transaction management and consistent updates to our clients throughout the entire process. Additionally, we manage title and mortgage relationships and offer professional guidance to ensure a successful experience.

Marketing STRATEGIES

Social Media (paid and organic) - Multi-Sites

Staging Guidance

Luxury Professional Photography

Eye-catching signage and fliers

Multi-level web exposure

Large Database of Agents and Buyers

Strategic Open Houses

Custom Video Marketing

Print Advertising

Relocation Certified Experts

Team of Agents and Staff helping to Selling Your Home

*MARKETING STRATERGIES MAY VARY

home WHERE BUYERS FIND THEIR

FRIENDS,

51% 28% 3% 4% 6% 1% 6%
ESTATE AGENT
ONLINE REAL
RELATIVES, NEIGHBORS
THEIR AGENT
OPEN
HOME BUILDER OR
YARD &
HOUSE SIGNS
NEWSPAPER ADVERTISMENT
KNEW THE SELLER PRINT
®
NATIONAL ASSOCIATION OF REALTORS
BUYER AND SELLER REPORT

WEBSITE EXPOSURE

More than 90% of buyers begin their initial home search on the Internet. We offer an impressive online presence for your property which allows us to present your property to potential buyers across multiple platforms, locally, nationally and globally, offering you maximum digital coverage. Our listings can be found on the following websites:

• GaryGreene.com

• HAR.com

• Realtor.com

• BHGRE.com

• Zillow.com

• Chron.com

• Homes.com

• Listglobally.comSyndicates listings globally to over 93 websites in over 60 countries

CUSTOM LISTING WEBSITE

We generate an entire website dedicated to your listing, with all property information and our professional photography prominently displayed. We are also able to connect a myriad of marketing tools to the site including our custom property videos, tours, etc.

CUSTOM VIDEO

We will create a Search Engine Optimization (SEO) -friendly YouTube video of your property, complete with listing information and professional photos which will allow your listing to get maximum exposure as soon as the property hits the market.

APPLICATIONS

90% of the time people spend on mobile devices is spent using apps, and engagement is up to four times better in apps than mobile web browsers. A more recent study showed 40.1% of website views come from mobile and HAR specifically has over 50%. Our listings can be found on the HAR App, Zillow App, Homes.com App, Realtor.com App, Trulia App, and The Houston Chronicle App.

DIGITAL BOOST

Our digital advertising also includes deploying campaigns targeting users based on characteristics exhibited in their browsing habits which allows us to get your home in front of the right buyers as quickly as possible. Our strategies are crafted to target home buyers with appropriate demographics across a wide array of online networks.

SOCIAL MEDIA

We launch your listing on Facebook, Instagram and Google with a unique approach to maximize your exposure at the critical time when your listing hits the market. This enhanced multi-day campaign is geographically targeted to expose the listing to potential home buyers searching in your market.

NETWORKRealtor

Because statistics show that a large amount of home buyers facilitate their home search and purchase through a real estate agent, it is important that we market your listing to as many real estate professionals as possible.

In addition to providing detailed information and professional photos of your property on MLS®, which reaches 47,000+ Houston Area Realtors. We pride ourselves on going above and beyond by personally connecting with agents who have listed or sold a home in your market area within the past 12 months.

47,000+ HOUSTON AREA REALTORS

Gary Greene has an award-winning, in-house graphics and marketing department skilled in the preparation of effective marketing materials and tools made available to all buyers, including your friends, family, and neighbors.

CUSTOM LISTING WEBSITE

We provide an entire website dedicated to your listing, with all property information and our professional photography prominently displayed, which is easily shared with friends and family. We are also able to connect a myriad of marketing tools to the site, including our custom property

CUSTOM MAILINGS

We create a custom, professionally designed “Just Listed” postcard which is mailed directly to your nearby neighbors alerting them that your home is active on the market. By using smart technology we are better able to pinpoint the recipients, which ensures we are marketing your home as effectively as possible.

© Homes Real LLC. reserved. Homes Gardens Better Gardens Estate Expect service owned MeredithCorporationand Better and RealEstate Better Gardens LLC supports principlesof Housing the Opportunity Eachfranchise independ If you’re considering selling, you should only trust someone with local expertise who knows the neighborhood. CALL ME FOR COMPLIMENTARYA MARKET ANALYSIS OF YOUR HOME. EMILY & BLAKE WILCOX 713.503.3261 blake.wilcox@garygreeene.com 832.797.1768 emily.wilcox@garygreeene.com EMILY & BLAKE WILCOX 713.503.3261 blake.wilcox@garygreeene.com 832.797.1768 emily.wilcox@garygreeene.com 1234 ADDRESS DR JUST LISTED IN THIS NEIGHBORHOOD and FRIENDS, RELATIVES, NEIGHBORS

Relocation

9,500+

RELOCATION BUYERS, SELLERS, & RENTERS HELPED SINCE 2019

Better Homes and Gardens Real Estate Gary Greene remains the oldest relocation brokerage in Houston and has been relocating buyers and sellers in and out of the Greater Houston area since 1970. As a principal broker in the Anywhere Leads Network (formerly Cartus Network), the industry leader in global mobility, we are proud of our affiliation with over 60+ other relocation management companies. Our reach covers the entire Houston metro area.

We actively participate in major mobility organizations and are consistently selected as a broker for group moves such as EXXONMOBIL, XTO ENTERGY, SHELL, SABIC, WESTLAKE CHEMICAL, MCKESSON PHARMACEUTICALS, BP, THE WILLIAMS COMPANY, MURPHY OIL and many more.

YARD SIGNS

and OPEN HOUSES

The Better Homes and Gardens® brand is a trusted and recognized institution, which extends beyond real estate with an audience of over 40 million consumers engaged 365 days a year.

Our brand resonates with buyers when our sign is placed in your yard.

PUBLIC OPEN HOUSES

Your home should be made-ready for the public open house as you would for any showing by keeping the exterior and interior in impressive condition. We will arrive early to place open house signs, turn on all lights, open window coverings, adjust interior temperature, etc. At the conclusion of the public open house, your home will be left as it was found; we will provide feedback, and followup with visitors about a second showing or offer.

OPEN HOUSE PROMOTIONS

Your open house will be promoted on GaryGreene. com, HAR.com, Zillow.com, Realtor.com and all of their corresponding apps. If in-person, there will also be strategically placed open house signs to draw prospective buyers. If virtual, buyers will be able to attend the virtual open house on several technology platforms and view the recorded virtual open house at a later date.

TIMELINE

WEEK 0

Marketing

WEEK 1

WEEK 2+

COMING SOON SIGN

STAGING & PAPERWORK PREP

NARRATIVE / LIFESTYLE STORY

MARKETING COPY DISTILLED

COMING SOON ON MLS

FEATURE ON TWG WEBSITE

EMAIL NETWORK OF AGENTS

PHOTOS UPLOADED TO PROPERTY PAGE

POSTED ON TWG SOCIAL MEDIA

PAID SOCIAL MEDIA AD CAMPAIGN

CLIENT SHARES PROPERTY ON SOCIAL MEDIA

SHOWING SYSTEM SETUP

ANNOUNCE NEW LISTING TO AGENT NETWORK

PROMOTE PROPERTY ON MLS

VIDEO TOUR UPLOADED TO MLS

REAL ESTATE FLYER DESIGNED

CLIENT SHARES FLYER

OPEN HOUSE

RESULTS ANALYZED & CHANGES MADE

VIDEO TOUR UPLOADED TO SOCIAL MEDIA

RE-ORDER PHOTOS IN MLS

IF OPEN HOUSE - SCHEDULE WEEK 3 AND/OR 4

Luxury

MARKETING PROGRAM

Better Homes and Gardens Real Estate Gary Greene has been representing luxury homebuyers and sellers in the Houston market area with great success since 1963. We have in-depth knowledge of the market and are proud to bring the distinctive legacy of our brand to the sale of your property.

ADVERSTISING

BHGRECollection.com - is a central repository for our most exclusive listings, represented by Distinctive Collection real estate professionals across the country. Your property will take its place among this impressive collection, ready to be showcased to affluent prospects.

WSJ.com - reaches an audience of 42M digital readers per month with the average household income of $242K+ and average net worth of $1.4M+

RobbReport.com - reaches an audience of over 2.1M with over 3M in unique page views with the average household income of $480K+ and average net worth of $3.1M

JamesEdition.com - Reaches a luxury audience of 2.4M per month of over 200+ nationalities.

Listglobally.com - reaches over 160M potential buyers in over 61 countries

Luxury Brochure Booklet

Custom Luxury Postcards

• • • • • • •

LAND RANCHand MARKETING PROGRAM

more than 12+ million engaged land buyers with sellers.

website portals,

your home is posted to
it is immediately promoted to over 38 land and ranch
and over
Land.com Network consists of three most visited
listing marketplaces on the web - Lands of
and
in the country. Connecting
AGCAROLINA.COM • AGGEORGIA.COM • AGNEWMEXICO.COM • AGSOUTHFC.COM • AGUPDATE.COM • ALABAMAAGCREDIT.COM • ALABAMAFARMCREDIT.COM • AMERICANCOWBOY.COM • CAPITALFARMCREDIT.COM • CAROLINAFARMCREDIT.COM • CENTRALTEXASFARMCREDIT.COM • COLONIALFARMCREDIT.COM • COWBOYSINDIANS. COM • DRESSAGETODAY.COM • EQUINE.COM • EQUISEARCH.COM • EQUUSMAGAZINE.COM • FARMCREDIT-FL. COM • FCSAMERICA.COM • FINDFARMCREDIT.COM • FRONTIERFARMCREDIT.COM •HERITAGELANDBANK.COM • HIGHPLAINSFARMCREDIT.COM • HORSEANDRIDER.COM • HUNTINGLIFE.COM • KWLAND.COM • LANDANDFARM.COM • LANDSOFAMERICA.COM • LANDSOFTEXAS.COM • LANDWATCH.COM • LEGACYACA.COM • LONESTARAGCREDIT. COM • LOUISIANALANDBANK.COM• MOTHEREARTHNEWS.COM • MSLANDBANK.COM • MYFCSFINANCIAL.COM • MYSANANTONIO.COM • PLAINSLANDBANK.COM • PRACTICALHORSEMANMAG.COM • RIVERVALLEYAGCREDIT.COM • RLILAND.COM • TEXASFCS.COM • UTOPIARANCHREALTY.COM
When
Land.com,
12M potential buyers. The
land
America, Land And Farm
LandWatch. The largest rural property publications

Marketing EXAMPLES

Staging & MERCHANDISING

The Wilcox Group offers a complimentary staging and merchandising, to help better represent your home in the market, by giving you tips on strategic placement of furniture, making it easier for prospective buyers to visualize the property as their future home.

Typically, staged homes sell faster and for more money, according to industry analysis.

INTERIOR CHECKLIST

Repaint a neutral color if necessary

Rooms must be well lit, airy and warm

Open curtains and blinds

Clean carpets, floors, walls and windows

Have light background music playing

Keep pets out of the way or out of the house

Remove all small rugs, shoes and sports equipment

Remove all dead indoor flowers and plants

Clear away all clutter and excess furniture

Clean fireplace and fill with logs

Repair or replace all broken items: light bulbs, windows, fittings, hardware and leaky faucets

Thoroughly cleaned and smelling fresh

Clear kitchen counters

Remove all clutter and personal items

Clean grout or re-grout if necessary

Accessorize with just a few pieces

Thoroughly cleaned and smelling fresh

Remove all clutter and personal items

Clean grout or re-grout if necessary

Clean all tile

Resurface if necessary

Repair leaky faucets

Replace bathroom hardward

Display clean towels and new soap

EXTERIOR CHECKLIST

Pick-up all the litter lying in the gutter

Check the condition of the mailbox

Is the house number clearly visible

Cut the grass and trim edges

Trim bushes

Remove weeds

Rake leaves

Replace mulch

Plant pots and flowerbeds with seasonal color

Pressure wash driveway, patio and decks

Paint exterior if necessary

Paint window frames

Paint and repair gutters and downspouts

Replace missing shingles

Clean up the garage

Store garden tools

Store sports equipment

Store recreational vehicles

Sweep front door area and replace doormat

Repaint or re-stain the front door

Polish or replace the front doorknob

Flank the front door with pots of color

Home & MARKET ANALYSISDetails

v

CompetitivePositioning

Approximately 80% of market activity occurs during the first six weeks and proper “market value” pricing results in greater exposure and an increased probability of a quick sale. An overpriced home may experience fewer showings and can miss this first six week surge of opportunity and may ultimately be overlooked.

AVG. DIFFERENCE BETWEEN LIST PRICE AND SELLING PRICE BY LENGTH OF TIME ON MARKET*

MARKET ACTIVITY OVER TIME
C T I V I T Y 1 2 3 4 5 6 7 8 9 WEEKS ON MARKET 10% +15% 30% +10% 60% +5% 85%95% -5% MARKET LIST PRICE IN RELATION TO MARKET % OF BUYERS WHO WILL VIEW PROPERTY VALUE OF COMPETITIVE POSITIONING
A
-1.9% LESS THAN 4 WEEKS -5.6% 13 – 24 WEEKS -3.6% 4–12 WEEKS -8.9% MORE THAN 24 WEEKS
Timelines

Timelines & RESOURCES

Navigating the complexities of real estate transactions, particularly when selling your home, requires a comprehensive understanding of various elements. We have included helpful timelines, tips & tricks and industry terms and their definitions to help you navigate this process at a glance.

Timeline

LIVE LISTING

CHECKLIST | TIMELINE

LISTING APPOINTMENT:

STAGING DATE:

PHOTOGRAPHY DATE:

COMPLETE ALL PAPERWORD AND RETURN:

SIGN IS INSTALLED:

SUPRA WILL BE LEFT ON PHOTOGRAPHY DAY PUT ON AFTER PHOTOS ARE COMPLETED.

MAKE STAGER SUGGESTIONS AND ANY NEEDED REPAIRS.

APPROVE MLS FROM TRANSACTION COORDINATOR.

CONFIRM PRICE.

HOME WILL GO LIVE.

RECEIVE LISTING BOOK.

PRINTED FLYERS.

SHARE ANY AND ALL SOCIAL MEDIA POSTS.

MAKE APPOINTMENT FOR FIRST OPEN HOUSE.

PREP HOME FOR ALL SHOWINGS.

• • • • • • • • • • • • • • •

Showing

Better Homes and Gardens Real Estate Gary Greene utilizes ShowingTime to schedule and manage showings. ShowingTime is the leading showing management and feedback service provider in the real estate industry. With 24/7 availability, agents and sellers can receive optimal service any time of the year.

Using ShowingTime can result in more showings, a higher feedback response rate and a better home-selling experience. ShowingTime addresses all aspects of the home selling process, starting with bringing each showing request to sellers’ fingertips, sending notifications when a showing is complete, tracking showing activity on a listing(s), and consolidating all feedback and activities in easy-to-read infographics.

As a seller, you can take advantage of the My Home by ShowingTime mobile app and web experience, which makes it easy to manage and take part in the home-selling process.

BY DOWNLOADING THE MY HOME MOBILE APP, YOU CAN:

• Confirm/decline showing requests

• See all upcoming appointments

• Review your home’s showing and feedback activity

• Adjust your notification preferences

SHOWING FEEDBACK

We will contact each buyer’s agent and/or prospective buyer for feedback to discuss the interest level, answer any questions, address buyer concerns, and encourage scheduling a possible second showing of the property. We can also determine what impression your home may have made on the buyer and/or agent and take action on any suggestions or recommendations that might better market your home.

TIPS and TRICKS

CONTACT INFORMATION

Make sure the listing agent has all parties full names and contact information. Also, let them know your prefered method of communication.

PICTURE READY

Make sure your home is ready before picture time. Let your agent know if you have questions. See staging tips and tricks.

PAPERWORK

Make sure all your paperwork is completed, including any physical or e-sign paperwork

APPROVE MLS

Once pictures are done you will have the opportunity to approve them in the MLS before the listing goes live. Please make sure to tell your agent any changes and to read throughly.

SUPRA & SIGN

Your supra and sign will be delived before going live. Please ask your agent for a timeline.

SHOWING SERVICE

The showing service we use is ShowingTime. Please make sure to communicate with your agent the expectations of showings, timeline & processes.

SOCIAL MEDIA

Please make sure to share any and all social media posts about your home. Organic exposure is super helpful.

SHOWINGS

Please make sure to be prompt in leaving for showings. If you are wondering if someone came if the agent didn't leave a card, etc. Don't worry - we can look it up.

Helpful Terms

MORTGAGE TERMS

AMORTIZATION: A payment plan by which the borrower gradually reduces the balance of the mortgage by making monthly payments of principal and interest.

CAP: The maximum interest rate on an adjustable rate mortgage that may be charged.

CONVENTIONAL LOAN: Any mortgage loan other than a governmental loan.

GOVERNMENTAL LOAN: A mortgage loan guaranteed or insured by a government agency such as the Veteran’s Administration (VA) or the Federal Housing Administration (FHA).

POINT: One percent of the loan amount paid to the lender, usually in exchange for a lower interest rate on the loan.

PRINCIPAL AND INTEREST PAYMENT (P&I): The monthly payment of interest charges and part of the principal loan balance. With taxes and insurance included, this makes up the monthly mortgage payment (PITI).

PRIVATE MORTGAGE INSURANCE (PMI): A policy that protects the lender in the event of default, and insures repayment of the loan in case of the borrower’s death or disability. PMI is generally required if the buyer’s down payment is less than 20 percent of the purchase price or appraised value.

CONTRACT/CLOSING TERMS

APPRAISAL: The opinion of an appraiser in estimating the market value of a home; usually required by a mortgage lender.

ASSESSED VALUE: Estimate of property value by a public tax assessor used as the basis for calculating property tax.

CLOSING: The final step in the sales agreement where property ownership is transferred from seller to buyer.

CLOSING COSTS: Fees and expenses, other than the cost of a property, charged to transfer ownership.

EARNEST MONEY: A down payment the buyer gives the seller up front as a show of good faith, indicating the buyer’s intent to purchase the property.

ESCROW:

1. Arrangement between a buyer and seller to place the down payment and other monies or documents with the third party until the completion of the contract closing.

2. A portion of the monthly mortgage is placed in an escrow account to pay taxes and mortgage insurance.

INSPECTION: Service performed by an inspector to identify any possible structural or mechanical problems.

LISTING CONTRACT: An agreement between a homeowner and an agent authorizing the agent to offer the owner’s property for sale.

MARKET VALUE: The highest price a buyer would pay and the lowest price a seller would accept.

OPTION: A real estate option is a specially designed contract provision between a buyer and a seller. The seller offers the buyer the option to buy a property by a specified period of time at a fixed price.

SELLER OR OWNER DISCLOSURE: Legal requirement that the seller disclose in writing any known defects or repairs that have been made to the property.

SURVEY: Required by the lender, a process whereby the property is measured and a

scaled blueprint of the land and its property lines, structures and easements are drawn.

TITLE: A document that refers to the ownership of a particular piece of property.

TITLE INSURANCE: Policy that protects the holder from any loss resulting from defects in the title.

TITLE SEARCH: Research of public records to identify ownership, liens and encumbrances affecting the property.

REAL ESTATE TERMS

AGENCY: A term used to describe the legal relationship between a seller and a broker, or a buyer and a broker.

AGENT: Term used to describe a real estate salesperson licensed by the state who, under the supervision of a broker, represents a buyer or seller in the purchase or sale of a home.

BROKER: A person licensed by the Texas Real Estate Commission who acts as the fiduciary agent of the seller or buyer in a real estate transaction.

BUYER AGENCY: Agency relationship in which a buyer contracts with a broker to represent the buyer’s interests in real estate transactions.

MULTIPLE LISTING SERVICE® (MLS): A computerized list of all properties for sale by member brokers.

REALTOR®: A licensed agent or broker who is a member of the National Association of Realtors®, through local affiliates such as Houston Association of Realtors. Realtor® membership is voluntary and represents a commitment to the highest levels of professionalism.

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.

AFTER THE CONTRACT ISSigned

The Earnest Money Contract (EMC) is signed.

The Realtor® Associate will “open title” at the title company named in the Earnest Money Contract, and the title company will deposit the earnest money check. If the amount of the earnest money is greater than $5,000, and will be held for an extended period of time, you may request it be placed in an interest bearing account.

Seller receives Option Fee as per terms of EMC and deposits.

Buyer schedules property inspections and contacts insurance agent, paying close attention to the Option Period, if applicable, as defined in the EMC.

Buyer makes loan application with their selected mortgage lender according to the time specified in the EMC and delivers documentation requested by lender.

The mortgage lender will begin processing the loan by:

a. ordering an appraisal of the property; and

b. verifying prior loan history, employment and financial position.

Simultaneously with the loan processing, the title company will research the title and send their title commitment to the buyer, seller, Realtor® Associates, attorneys, and mortgage lender.

The title company will act as a neutral 3rd party, escrow agent and title insurer. The escrow agent will coordinate with all entities to receive the following information for closing:

a. invoices and loan documents from the buyer’s mortgage lender

b. buyer’s hazard insurance from the buyer’s insurance agent

c. tax certificates

d. survey

Once the buyer’s loan and title are approved, the closing date is coordinated between all parties.

Buyer and seller contact utility companies to transfer service to buyer. Note: the seller does not turn off utilities until the home is sold.

The title company will prepare a closing statement with charges to both buyer and seller, usually available for review the day prior to closing.

Parties sign closing papers and title transfers from the seller to the buyer upon funding.

CONTRACT TO CLOSING

You and Better Homes and Gardens Real Estate Gary Greene

• Gary Greene helps negotiate the offer.

• Buyer and seller agree on price and conditions.

• The buyer orders mechanical and general inspections.

• The listing or selling agent sends signed earnest money contract to title company.

• Buyer makes loan application (if applicable).

CONTRACT

Your Title Company Begins title work and tax information

Receives executed contract and earnest money check (which is cashed)

Abstractor begins title search

Examiner verifies title

Issues title commitment

Closer reviews title commitment and notifies all parties of any defects

Title company forwards title commitment to lender and Gary Greene

Title company receives closing instructions from lender

Closer consolidates all closing documents

CLOSING OCCURS

Title company sends signed documents to lender for final approval

FUNDING LOAN

Your Mortgage Company

Verifies all financial information on buyer

Orders, receives and reviews appraisal and property survey

Compiles loan package and submits to underwriter

Loan is rated by underwriter

Collects and packages additional materials as requested by underwriter

Repackages and resubmits to underwriter

Loan is approved Orders flood certificate

Prepares and delivers loan documents and funds to title company Gets Buyer approval

REVIEWS FINAL, SIGNED DOCUMENTS SENT FROM TITLE COMPANY

1. All documents are recorded in the county clerk’s office. 2. Title policy is sent to the Mortgagee and the owner.
SCAN QR CODE TO VISIT MY WEBSITE 832.797.1768 Emily.Wilcox@garygreene.com EmilyWilcox

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