Buyer Introduction - Kristen Meador, Bellator Real Estate

ABOUT ME

Kristen Meador

REALTOR® | Spanish Fort, AL

• Graduated with BS in Travel Industry Mgt. and Business Admin.

• Based in Daphne, AL

• Married to Zachary since 2004

• Two children, 3 Fur-babies

• I enjoy visiting the beach, live music concerts, and archery.

ABOUT MY CAREER

Testimonials

ABOUT Bellator Real Estate

We service Baldwin and Mobile Co.

Locally owned and operated.

We were established in 2008

Invited to join Leading Real Estate Companies of the World 2017

“Our purpose is to see all we can do with all we have been given”

Faith, Effort, Gratitude, Honor, Courage, Commitment

Relocation Services

THE BUYER’S ROAD MAP

ARE YOU READY TO BUY?

• Steady income

• Low to medium debt

• Cash for down payment/closing

• Two months of pay stubs and bank statements

• Two years with same company or in same industry

Do I need a Buyer’s Agent?

Buyer’s Agent Myths

• Myth 1: I have to call the agent on the sign.

• NO! Understand that ANY agent can show and sell ANY listed property! It does not matter at all if the property is listed with a different company. All too frequently, we hear buyers commenting about a house being listed with someone else, and thinking that they “have” to call the person on the sign. Such is NOT the case.

• Myth 2: If I have an agent, it will cost me a lot of money.

• In some circumstances, a buyer’s agents are paid a % of the agreed listing commission paid out of the seller’s proceeds. In the instance where this is not the case, you still have options, and your agent can advise you if you encounter such a scenario. Purchasing a home without representation is possibly the biggest financial mistake you can make. Since buying a home is one of the largest purchases you will ever make, the real question to ask yourself is, “What will it cost me if I don’t have an agent?”

GETTING PRE-APPROVED

• Choosing a lender

• Filling out loan application

• Approval document

o Paystubs, bank statements, tax returns, proof of employment, 560+ credit score

YOUR HOME SEARCH

Understanding what you’re looking for is a top priority. Let’s talk about the features of your future home.

SEARCH TOOLS

AGENT SEARCH

• MLS

• Agent network

• My website

CUSTOMER SEARCH

• Website

• Yard signs, open houses, model homes, friends, FSBO

HIGH -TECH TOOLS

• Automated home search system

MAKING AN OFFER

• Falling in love with a home

• Seller wants

• Earnest money

• Down payment/financed amount

• Important dates

• Inclusions in home

• An offer can be accepted, counteroffered, or declined

WHEN YOUR OFFER IS ACCEPTED

• Deposit of earnest money to brokerage or title company

• Inspections

• Appraisal

• Home insurance

• Finalize mortgage details

• Final walkthrough

CLOSING COST BREAKDOWN

These are the items that will be included in your closing cost:

$• Property appraisal

• Home inspection

• Processing fee

• Underwriting fee

• Lender fee

• Loan discount fee

• Recording fee

• Settlement officer fee

• Title insurance

• Document preparation fees

• Escrow taxes and insurance

• Prepaid interest

• Credit report

• Transfer taxes

• Attorney/notary fee

CLOSING DAY

Kristen Meador

REALTOR® | Spanish Fort, AL

This is the big day! I’ll accompany you to closing, answer any questions, and verify the closing paperwork matches our purchase contract.

• Bring your identification, Check expiration date

• Everyone who is purchasing the property must be present. If this is not possible, let me know in advance.

• You will need to bring a certified check or wire your down payment/closing costs. Title company will contact you will specifics over the phone. Never send money to anyone based on email directions alone. Voice contact only.

Happy Clients