Dan Riley | MANAGING BROKER (206) 390-4799 DanRiley@CBBain.com
Christy Shiers | BROKER (206) 409-5631 ChristyShiers@CBBain.com
Dan sperry | MANAGING BROKER (206) 650-1155 DanSperry@CBBain.com
www.bNWproperties.com We’re a trio of real estate professionals with 45 years of combined experience who have joined our talents together to provide our customers with the full range of real estate services at every stage of the process. We know how to buy and sell homes, and we do it very well. What’s more, we’ve developed a proprietary collaborative process to bring you a level of concierge service that’s beyond what others have to offer. We combine the agility and attentiveness of a specialized team with the reach and resources of Coldwell Banker, a global super-power in the real estate world. We know houses. From the inside out. We have a breadth of knowledge on operations, financing, construction, and transactions giving us skills in all aspects of the real estate industry. We have taken houses down to their studs and built new from the ground up. Which means we know value, we know the process, and we see beyond the real estate transaction. We also know your decision is about more than the house—it’s about the neighborhood and community. It’s about living your life to the fullest and a sense of belonging. We know what makes communities and neighborhoods in the Pacific Northwest the kinds of places you want to call home. Our range of life experience ensures that we can provide you with a wealth of knowledge about this diverse and beautiful part of the world.
Our promise to you • No assistants or second-string players. You always get us and only us! • No shortcuts. No avenues unexplored. No oversights. We pay attention to the details in every step of the process and take care to achieve excellence in every aspect of working with our clients. • We always represent you. We begin negotiating on your behalf before an offer is ever on the table. Advocacy for our clients is always our first priority. Coldwell Banker Bain • Mercer Island • 7808 SE 28th Street Suite 128 Mercer Island, wA 98040
TESTIMONIALS Bridge NW Group was an absolute pleasure to work with. The Bridge NW Group assisted us on the sale of our home in Everett and then new purchase in Edmonds. Christy, Dan and Dan bring tremendous value outside of what you can research online by leveraging their vast negotiation experience, and construction backgrounds. They were able to identify potentially expensive pitfalls in several homes we looked at, while also taking the time to really understand what we wanted in our new home. The Bridge Northwest Group was responsive, detail oriented, and knowledgeable throughout the entire process. I would happily recommend them to my friends and family, or anyone else considering engaging in a real estate transaction. – Eric and Alyssa Pedack
Buying a house is a scary, overwhelming, and confusing process that is likely one of the most important decisions of your life. Christy, Dan and Dan carefully guided us throughout the process, and made us both feel comfortable and confident in our decision. They listened to our needs, and have been incredibly responsive. Additionally, they were able to connect us with knowledgeable professionals to assist in the home buying, selling, and moving process. Every referral they gave us was exactly what we needed! The professionalism and trustworthiness of BridgeNW has made the home buying experience much more pleasant, and working with them has been a breath of fresh air. – Tim and Abi Horsfall
We couldn’t possibly have been happier with our realtors - a team of three at COLDWELL BANKER BainChristy Shiers, Dan Riley, and Dan Sperry. Christy helped so much with the move … everything from delivering recycled cardboard boxes, to orchestrating everything that needed to be done with handymen, painters, roofers, gardeners ….. I would have been overwhelmed, but she made it so that all I had to do was sort through 25 years of stuff, which was overwhelming of its own accord. Plus she has a delightful personality and is very good at hand-holding (figuratively in the time of COVID). Dan Riley has years of experience as a managing broker and took the lead in all the contract issues and negotiating a deal. We ended up with a great deal - at well above the asking price. And Dan Sperry, also a Managing Broker with experience in real estate development took care of a lot of little things that we would have otherwise needed to pay someone to do. All 3 have delightful personalities - and most importantly, the highest integrity. When it comes time for you to sell your house, I don’t know how you could do better! - Kim & Jim Rice / Mercer Island
OUR BUYER SERVICES LEAD THE MARKET When you work with us, we expertly manage every detail of your transaction. In addition to industry-standard services, Coldwell Banker Bain offers these additional benefits and trusted services: Bridge NW Benefits: •
Over 40 years of experience
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New listing alerts
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Comparable market analysis
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Private virtual home tours hosted by the agent
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Virtual document signing
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2 Managing Brokers
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After-sale follow-up and evaluation
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Local expertise, accountable to you
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Services guarantee
PRIVATE VIRTUAL
HOME TOURS A fantastic and safe time saver when searching for your new home. A live event that is hosted by your broker.
Affiliate Coldwell Banker Bain Services: •
Affiliated mortgage services
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Affiliated title services
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Affiliated escrow services
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Affiliated home warranty protection
FINDING THE RIGHT HOME
LISTEN Only you know your needs in a home. So it’s our job to listen carefully and to fully understand your needs as we begin our search.
COMMUNICATE Keeping you informed on availability, market trends, status of homes in your search and many other things is critical to a sucessful home purchase. That’s why we value open communication.
PLAN Outlining the steps we need to take to prepare for a successful transaction. From pre-qualifiying to the closing table, we will assist you every step of the way.
FIND A LENDER & GET PRE-APPROVED Having a pre-approved loan amount is a fantastic place to start your road to home ownership. It provides a benchmark for what you can comfortably afford and will allow us to quickly narrow your home search. If you are uncertain about which lender to use, ask us. As brokers, we generally have a good relationship with one or more lenders and can help you find one who will address your needs and get you the best loan terms available.
LISTEN TO YOUR LENDER Your lender will give you specific instructions on getting your finances in order so your closing will go smoothly. Make sure you follow these instructions to avoid delays in closing or possibly losing out on a property.
ASK QUESTIONS There are many special financing programs available to home buyers. Ask your lender and us if there are programs that you may qualify for. From special veteran programs to rehabilitation loans, your lender will be able to tell you what is available. Be sure to ask about any restrictions that may apply to special programs.
LOCATION The only thing better than finding your ideal home is finding your ideal home in the ideal location. Schools, commute to work, proximity to restaurants and activities, views and distances to recreation are all things to consider when deciding on location. Share as much information with us as you can about your ideal location.
YOUR IDEAL HOME Do you dream of a Craftsman with hardwood floors or a modern condo with the latest smart home technology? Whatever your taste, your perfect home is out there and we will help you find it. Beyond the number of bedrooms and bathrooms, share your ideal home features. From garden space to off street parking, each detail is important to note in your search request. The more information you provide, the easier it will be to narrow your search and find homes that are viable options.
SUBMITTING THE OFFER Making the right offer the first time could mean the difference between having your offer accepted, getting a counter offer from the seller, or losing out to a competing offer. It is also very important to make sure you understand 100% of the terms of your offer. The legal terms in real-estate contracts can sometimes be confusing. We will help you avoid common mistakes and guide you through the process to a successful offer.
KNOWLEDGE is the best defensE against regrets
NEGOTIATING Rarely does an offer get accepted the first time around. In a competitive market it is very important to draw on the knowledge of an experienced broker. Sellers typically make a counter offer if they are unsatisfied with an initial offer. Knowing when to bend or when to stand firm on your offer is a skill that requires essential knowledge and experience. With our negotiating skills, experience and knowledge, you will be able to know when and how to make a good counter offer and also when to walk away from the deal.
THEY ACCEPTED YOUR OFFER! After a brief celebration, we will need to get to work to ensure a smooth closing. There are several potential items that will be required to close the transaction. Among these are: 1. Opening escrow 2. Order title report 3. Providing additional documentation to lender 4. Sending the contract to your lender 5. Home inspection 6. Negotiate inspection items 7. Set closing time
THE MORTGAGE Several factors affect your mortgage payment, which will often include the following: PRINCIPAL - The balance owed to the lender INTEREST - Based on your annual percentage rate (APR) TAXES - Property taxes INSURANCE - Property and liability PMI - Private mortgage insurance
HISTORY OF THE 30-YEAR FIXED INTEREST RATE 20 16.63% 15
10
5
0
3.99%
WHY TITLE INSURANCE IS IMPORTANT Protecting your investment in your home is critical. Title insurance offers you protection from unforseen claims against your property like: •
Forged deeds, mortgages, satisfactions, or releases
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Deed by person who is mentally incompetent
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Deed by person in a foreign country, vulnerable to challenge as incompetent, unauthorized, or defective under foreign laws
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Deed challenged as being given under fraud, undue influence or duress
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Deed signed by mistake (grantor did not know what was signed)
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Deed executed under falsified power of attorney
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Undisclosed divorce of one who conveys as sole heir of a deceased former spouse
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Deed affecting property of deceased person, not joining all heirs
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Deed recorded but not properly indexed so as to be locatable in the land records
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Undisclosed but recorded federal or state tax lien
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Undisclosed but recorded judgment or spousal/child support lien
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Undisclosed but recorded prior mortgage
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Undisclosed but recorded boundary, party wall, or setback agreements
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Misinterpretation of wills, deeds, and other instruments
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Discovery of later will after probate of first will
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Erroneous or inadequate legal descriptions
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Deed to land without a right of access to a public street or road
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Forged notarization or witness acknowledgment
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Deed not properly recorded (wrong county, missing pages or other contents, or without required payment)
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Deed to a purchaser from one who has previously sold or leased the same land to a third party under an unrecorded contract, where the third party is in possession of the premises
WHAT EACH PARTY DOES IN ESCROW
SELLER Provides executed deed. Provides evidence of pest inspections and any required repair work.
Because large sums of money move around in a real estate transaction, a trusted closing agent is required to ensure the required obligations of all parties are fulfilled. The safe exchange of proceeds and title are also executed at this time.
Provides other required documents such as tax reciepts etc.
CLOSING/ ESCROW AGENT Orders title insurance Documents approvals on inspections Receives funds from buyer/lender Prorates taxes, rents etc. Disburses funds Records deed and documents Issues final closing statement
LENDER
BUYER
Prepares loan documents
Deposits required funds
Deposits loan proceeds with settlement agent
Arranges funds transfer from lender
Provides conditions for loan funds use
Approves inspections Fulfills conditions of sale
CLOSING The final inspection and closing disclosure statement are complete. By now it should be down to a few simple tasks: 1. Executing the mortgage documents 2. Settle closing expenses and escrow items 3. Receive closing documents 4. Recording of the deed and ownership transfer
SERVICE COMMITMENT
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HOME SEARCH TOOLS
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As you can see, buying a home is no small feat. There are several steps to this process and it’s important that you have an educated, experienced and committed broker protecting your interest.
ACCESS TO NWMLS DATA & LISTING DETAILS
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COMPARATIVE MARKET ANALYSIS
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Each buyer has a unique set of requirements. From the key features of the home to location or special financing needs, we have all the necessary resources to get you the best possible service.
NEIGHBORHOOD AND SCHOOL PROFILES
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PROPERTY HISTORY AND TAX INFORMATION
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MARKET TREND INFORMATION
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EXPLANATION OF REAL ESTATE TERMS
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RELATIONSHIPS WITH LENDERS & TITLE COMPANIES
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HOME INSPECTORS & CONTRACTORS
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INSPECTION REPORT REVIEW
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PROFESSIONAL NEGOTIATIONS
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EXPERIENCE WITH CLOSING PROCESSES
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SERVICE AFTER THE SALE
You will never be alone on this journey and we are committed to making sure your experience is exceptional.
LONG TERM RELATIONSHIP Establishing a long term relationship with clients is important to us. It’s important to us, both personally and professionally. If you valued our service you will most likely reccommend us to others. Once you have moved into your new home we will be available to help you find answers to any questions that may come up. You might need a recommendation on a contractor or handyman or possibly just want to know more about the neighborhood, we are happy to help. We want your new home to be everything you hoped for.
SUCCESSFUL HOME PURCHASES BEGIN WITH AN HONEST CONVERSATION WITH YOUR BROKER. SHARING YOUR NEEDS, EXPECTATIONS AND GOALS.
WHERE DO YOU WANT TO LIVE? Tell me which city, neighborhood or area you want to live in? _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________
WHAT ARE YOUR WANTS? A realistic list of what you want in a property: _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________
WHAT ARE YOUR NEEDS? List the things that are absolutely necessary: _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________
COMMUNICATION Real Estate can be a fast-moving train at times. It is very important we establish reliable forms of communication or we may miss out on opportunity. Some prefer to only communicate via email, others through a phone call. Whatever your preference, be aware that a quick response can mean the difference between winning the bid or losing out to another buyer. What form(s) of communication do you prefer?
Phone
Text
Instant Messenger
Email:____________________________________________________________________________ Phone:___________________________________________________________________________ Instant Messenger Platform & Screen Name:___________________________________________ _________________________________________________________________________________
FREQUENCY Depending on the urgency of your home search, the frequency of our communication can vary a great deal. From several times per day if you’re a highly motivated buyer to a few times per week or less if you are not in a rush to find a property. Your privacy will always be respected.
HOME SEARCH CHECKLIST PREFERRED HOME FEATURES Home style (ie. Colonial, Craftsman etc.)_______________________________________________ Number of Bedrooms ______________________________________________________________ Number of Bathrooms ______________________________________________________________ Family Room ______________________________________________________________________ Bonus or Game Room ______________________________________________________________ Fireplace _________________________________________________________________________ Home Office ______________________________________________________________________ Kitchen Amenities__________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ Basement_________________________________________________________________________ Garage (no. of cars)________________________________________________________________ Central A/C_______________________________________________________________________ Lot Size___________________________________________________________________________ Pool______________________________________________________________________________ View_____________________________________________________________________________ Other Features_____________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________
1-Not important, 2-Somewhat important, 3-Moderately important, 4-Important, 5-Very Important LOCATION Ideal Neighborhood_________________________________________________________________ Ideal Commute Time________________________________________________________________ Convenient to Transportation Convenient to Schools Convenient to Shopping Convenient to Recreation
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Other Location Preferences__________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________
LIFESTYLE Eco-friendly
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Urban life
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Low-maintenance property
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Close to nature
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Gardening
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Outdoor entertaining
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Other lifestyle preferences___________________________________________________________ _________________________________________________________________________________