CONTENT
MEET THE INHOUSE GROUP OWNERS
ROBERT EARL VIRGINIA INCALCATERRA
OWNERS / PRINCIPAL BROKERS
Robert Earl’s and Virginia Incalcaterra’s "out of the box thinking" and mutual desire to redefine the outlook on Real Estate is the basis upon which The InHouse Group was formed. Collaborating as a team since 2005 with wholehearted commitment for exemplary level of personal service with outstanding results.
FINDING YOUR NEW HOME WITH THE INHOUSE GROUP
A HOME PURCHASE MAY VERY WELL BE THE LARGEST FINANCIAL INVESTMENT YOU MAKE, SO WHY GO AT IT ALONE?
Welcome to The InHouse Group's unparalleled real estate expertise specializing in New Development Condo sales in the vibrant boroughs of Brooklyn, Queens, and Manhattan. With a profound understanding of the ever-evolving real estate market and a wealth of knowledge accumulated over years of our dedicated service, we bring a unique edge to your property endeavors.
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UNMATCHED KNOWLEDGE:
Our team boasts a collective wealth of experience and an in-depth understanding of the intricacies of the real estate landscape across Brooklyn, Queens, and Manhattan. From iconic neighborhoods to hidden gems, our expertise spans a diverse range of residential properties.
LOCAL INSIGHTS:
We pride ourselves on our intimate knowledge of each neighborhood's unique charm, market trends, and the distinct characteristics that make Brooklyn, Queens, and Manhattan sought-after destinations. Whether it's the historic brownstones of Brooklyn, the dynamic culture of Queens, or the iconic allure of Manhattan, our insights help guide you through the complexities of these neighborhoods.
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PERSONALIZED SERVICE:
Our commitment to personalized service ensures that each client receives tailored guidance, comprehensive market analysis, and strategic advice tailored to their real estate goals. We are dedicated to exceeding your expectations and achieving optimal results.
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NAVIGATING THE MARKET:
In the fast-paced and competitive New York City real estate market, our expertise serves as your compass, guiding you through every step of the transaction process. From property evaluations to negotiations and closing, we provide a seamless experience backed by expertise and professionalism.
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YOUR TRUSTED PARTNER:
We understand that real estate decisions are significant milestones. As your trusted partner, we prioritize transparency, integrity, and diligence in every interaction, ensuring your interests are represented with the utmost care and dedication.
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EXPERIENCE THE DIFFERENCE:
Experience the advantage of working with a team that possesses an unparalleled understanding of the real estate industry in Brooklyn, Queens, and Manhattan. We form a team of a mortgage broker, home inspectors, a real estate attorney, and interior designers if needed to make sure the buying process is seamless and smooth.
THE MORTAGE BROKER
MEET YOUR BUYING TEAM
THE ARCHITECT
THE INTERIOR DESIGNER
TEAM WORK MAKES THE DREAM WORK
- JOHN MAXWELL
THE CONTRACTOR
IN 10 SIMPLE STEPS THE HOME BUYING PROCESS
MEET WITH YOUR INHOUSE GROUP BUYERS AGENT
Let's start off with getting to know your end goal and go over the process from start to finish! And then..let's create your TEAM!
CLEAN UP YOUR CREDIT
Ask your lender for guidance on any credit score issues you may be facing.
CREATE A HOME WISH LIST
Now that you know your buying power, work with your broker to come up with a 'wish-list' of areas, must-have's, and would-likes.
FIND A LENDER
Discovering your buying power is key. In addition it's important to run numbers on your closing cost and monthly payments post closing. Let one of our preferred lenders guide you.
APPLY FOR MORTAGE PRE-APPROVAL
Our preferred lender will help you determine your buying power. A pre-approval letter will be needed once we submit offers.
MAKE AN OFFER
We will walk you through the steps of making an offer.
Once you find 'the one', we will work together on putting your best foot forward and The InHouse Group agent will write up an offer to purchase on your behalf.
DO YOUR DUE DILIGENCE
ACCEPTED OFFER! From here this is when your team kicks into gear. Your agent, attorney, mortgage broker will being due diligence. (ie. contract review, purchase application assembly [if applicable), building review, inspections, etc.
GET FINAL MORTAGE APPROVAL
THIS IS WHEN THE DEED TO THE HOME IS TRANSFERRED FROM THE SELLER TO THE BUYER. EVERY TRANSACTION VARIES, BUT PLAN TO SIGN A TON OF PAPERWORK. 7
NEGOTIATIONS MAY GO BACK-AND-FORTH BETWEEN SELLER AND BUYER BEFORE COMING TO A MEETING OF THE MINDS. DON'T WORRY, WE GOT YOUR BACK ON THIS! 8 9 10
A lot of moving parts-and documents- start happening now that you have accepted offer and either signed contract or getting very close to that. We are with you every step of the way.
CLOSING TIME!
CHEERS YOU ARE A NEW HOMEOWNER!
WORKING WITH YOUR
BUYER´S BROKER
Searching for your NEW HOME
THE REAL ESTATE BROKER
Working with The InHouse Group, you won't find "sales tactics" being used by our sales team. The InHouse Group approach to the buying process is Basic. We firmly believe that sales people need not to be pushy. We listen to our buyers needs and wants for their new home and guide them through the process. The InHouse Group is the conduit for your buying team, for a smooth home buying experience.
We strongly believe in prompt and open communication. You call us, we answer! Same when a listing agent is trying to reach us, we are there.
The InHouse Group team is very knowledgeable about the neighborhoods of the three Boroughs, Manhattan, Brooklyn, and Queens. We curate your neighborhood searches and set up your showings and open house tours. Our Tours will also include places near by to grab a coffee or lunch and highlighting things to do in the area. You are not just buying a address, but yet a neighborhood.
The InHouse Group is in your corner as we assist you during every step of the transaction.
We have curated searches by neighborhoods. Search and browse to find homes that match your interest. Create a collection of homes that you would like to see.
Your InHouse Group agent then sets up showings for you. We have an extensive co-broke network and relationships with listing brokers which makes it easier for us to get in touch with the brokers to set up appointments. Go to The InHouse Group's website to see our curated New Development listings.
OPEN HOUSE TOURS
Our Tours will also include places near by to grab a coffee or lunch and highlighting things to do in the area. You are not just buying an address, but yet a neighborhood. Click on The Chat with Us button for us to create your weekend Open House Tour
GotoTheInHouseGroup
SUNDAY
OPEN HOUSES
STAY IN CONTACT WITH YOUR INHOUSE GROUP AGENT
If you have questions while you are looking around a neighborhood or see a building that interest you, it is easy to chat with us. If your agent can't attend an open house with you, we are always a phone call away.
SUBMIT AND NEGOTIATE AN OFFER ON YOUR
BEHALF
Once you’re settled on a property you want to purchase, your agent will work with you to determine the best offer price.This offer price will be based on the current market trends and a dive into comparative pricing in the area. If this offer is met with a counteroffer then your agent will negotiate on your behalf to help secure the best deal for you. If an agreement is reached then a purchase contract will be sent to your attorney and the buying process can begin.
CALLING IN AN INSPECTOR
The InHouse Group will refer an inspector to insure your new home is in working order. The inspector looks for any mechanical, structural, and electrical issues.
DUE DILIGENCE WITH YOUR REAL ESTATE ATTORNEY
After your offer is accepted, A deal sheet is made with all involved in your buying transaction. Your Buyers Broker, Your Real Estate attorney, Mortgage Broker, along with seller's side information. The InHouse Group will assist you in referring a Real Estate Attorney to be part of your team, if you do not already have one.
Working with a buyer's broker that has a strong understand of purchasing in a New Development
Condo building gives you an edge-someone who understands the nuances of developer's expectations, knows how to negotiate incentives, has the knowledge of what to look for and what to look out for. We are solely focused on securing the best terms for you!
MORTAGE BROKER WORKING WITH YOUR
You decided you want to buy an apartment in NYC and are ready to jump right in to the search process. Before you get too excited about your NYC apartment search, it’s important that you start your mortgage process early by getting a mortgage pre-approval letter first.
If you want to act quickly when you find the right apartment, it’s crucial for buyers to have their mortgage pre-approvals ready to go because it is customary to submit your mortgage pre-approval letter (or pre-qualification letter) and REBNY Financial Statement with your offer to purchase a NYC condo, co-op, townhouse, single-family or multi-family home.
Information regarding the mortgage process was provided by Citizen Bank. This information should be used as a general example; as dates, timeline and figures may vary. All deals are not created equal and complete steps should be discussed with your chosen mortgage broker.
THE DIFFERENCE BETWEEN
PRE-QUALIFICATION AND PRE-APPROVAL
PRE-QUALIFICATION
A pre-qualification is the first step in the pre-approval process. You submit a snapshot of your financial situation to a bank, lender or mortgage brokerincluding a list of your income, debt, and assets. After a quick review, banks and mortgage lenders provide you with a pre-qualification letter stating an approximation of the mortgage you are pre-qualified for.
Most institutions perform a soft credit pull during this process which will not affect your credit score (it is always important to ask in advance). The pre-qualification process can typically be handled quickly over the phone or as fast as a few minutes online for free.
PRE-APPROVAL
A pre-approval is more detailed and tends to occur as the follow-up step to a pre-qualification. During the mortgage pre-approval process, a homebuyer will complete a full mortgage application including submission of financial documentation and a hard pull of your credit report for review.
This documentation typically includes details on your income and assets, any liabilities or debts you have, pay stubs, and any other relevant documentation the lender may request. Based on this detailed information, the bank or mortgage company will evaluate your debt to income ratio and credit worthiness, and be able to give you a more specific description of loan sizes as well as the potential interest rate and mortgage payment you may be charged on loan products you are eligible for.
Once pre-approved, the bank or mortgage broker will provide you with a pre-approval letter which will be valid for 60-90 days and explain the loan amount you are approved for.
CAN YOU GET DENIED FOR A MORTGAGE AFTER BEING PRE-APPROVED?
After pre-approval, new negative information could appear in your credit history, dropping your score below the lender’s qualification guidelines
If you lost your job prior to closing on the loan, you’d likely be denied. That’s because the lender can no longer verify you’ll be able to make your monthly payments
Running up too much credit card debt before the loan closes could put your approval in jeopardy, too
Basically, anything that significantly impacts your financial picture between your pre-approval and loan closing could change your mortgage eligibility.
COMMON MISTAKES DURING THE
PRE-APPROVAL PROCESS
Any changes to your mortgage application after getting preapproved could affect your eligibility, interest rate, or home buying budget. After getting pre-approved for a mortgage, try to maintain the status quo until you close on the home. For example:
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Keep the same job
At any point in time you can call our preferred mortgage broker with questions with a quick response.
Delay major purchases that could impact your credit or debt-to-income ratio
Protect your savings account
3 4 Gather documentation for any large deposits into your bank accounts
If you do have any major changes in any of these areas, be sure to contact your lender as soon as possible.
Otherwise, by holding steady, you should be able to keep your mortgage pre-approval intact and your home offer secure.
DO MORTGAGE PRE-APPROVALS
AFFECT YOUR CREDIT SCORE?
Most mortgage preapprovals require a hard pull on your credit, which can affect your credit score. But the impact is usually very small. According to myFICO, one hard inquiry will take less than five points off your FICO score. (For perspective, the full scoring range is 300-850.) And if you get multiple pre-approvals within 2-4 weeks of one another, they all count as a single hard inquiry — so your score will only be dinged once.
Information regarding mortgage process was provided by Adam Dahill. This information should be used as a general example as dates, timeline and figures may vary. All deals are not created equal and complete steps should be discussed with your chosen mortgage broker.
WHY DO YOU NEED A SKILLED SUCCESSFUL
MANHATTAN REAL ESTATE ATTORNEY WHEN LOOKING FOR YOUR DREAM HOME?
ASK THE ATTORNEY QUESTIONS WITH QUICK RESPONSE
Seller’s Attorney drafts and delivers Contract to buyer’s Attorney (1-2 days)
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Broker Delivers Deal Sheet, Offering Plan & Financials to buyer's attorney for Review & coordinates inspection (optional for coops / condos –mandatory for houses ) (1-2 days)
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BUYER’S ATTORNEY COMPLETES DUE DILIGENCE
ie. Reviews contract and verifies all info with buyer including parties names, deposit, financing terms, closing dates, and any other miscellaneous info. With some buildings there is a review of board minutes, offering plan, building financials and a management questionnaire. (5 business days from offer acceptance)
BUYER REVIEWS AND SIGNS
THE CONTRACT.
A 10% deposit from buyer is wired to the seller as a contract deposit.
Once seller’s attorney confirms receipt of deposit wire, Seller will countersign and the parties are officially “In Contract”.
A copy of the full executed contract is distributed to the buyer, brokers, and lender. 5
6 Client commences financing with Lender, locks in rate , submits financial docs, and appraisal is ordered. Loan Commitment forwarded to buyer's attorney within 30 days from contract signing ** (Mortgage
Buyer works with their agent on the board package for management approval. The Board can take up to 30 days for review although approvals and procedures will vary based on Co-ops vs. Condos.
*If buying New Development Sponsor sale, there is usually no board package and approval. (speak with your agent regarding this)
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Contingency-protects buyers deposit until loan approval is issued.
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Once Buyer's are approved, buyer's attorney coordinates closing with the lender's attorney and seller's attorney. Speak with your attorney on documents need prior to attending closing. Buyer's attorney receives check breakdown from Seller’s attorney, prepares closing statement and reviews all numbers with buyer. Buyer completes final pre-closing walk through/inspection with their Agent (1-2 days prior to closing)
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Buyer's attorney orders Title report, reviews and clears title so Buyer receives clear and marketable title. (7-10 days)
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CLOSING
ALL CHECKS ARE CUT TO PARTIES INVOLVED, BUYER RECEIVES KEYS AND DEED TO THE PROPERTY AND YOU ARE NOW A PROUD & HAPPY HOMEOWNER!!!
NEIGHBORHOODS
YOUR NEIGHBORHOOD WITH THE
here to see Curated New Development Condos By Neighborhood. The InHouse Group has curated NEW DEVELOPMENT CONDOS FOR SALE in various neighborhoods. Take a browse now to search for new development condos. Or you can contact us now and let our expert buyer´s agent set up a property tour for you.
GET STARTED!
