Adrienne Parker Buyer's Guide

We understand that buying a home in today's market can be challenging While the market can fluctuate daily, hundreds of homes are sold each week in our area If you 're thinking about buying, it's still a Great Time to Buy!

Less Competition, Excellent Mortgage Programs and Closing Cost Assistance Programs available for qualified borrowers.

(757) 748-6938

Adrienne Parker

ABOUT ME

I was born and raised in Chesapeake, VA. I graduated from Great Bridge High School, Class of '99. I currently live in Moyock, NC with my husband Tim. Prior to becoming a Realtor®, I worked for an IT company as well a non-profit organization I have an extensive background in customer relations and project management. I love to cook, go to the beach and do anything adventurous, like scuba or skydive. When I'm not helping you achieve your real estate goals, you can find me traveling to all corners of the world, expanding my appreciation for all facets of life.

adrienneparkerhomes@gmail com

adrienneparkerhomes.com

Meet Our Team

David Wilkey

TEAM LEADER & REALTOR LICENSED IN VA & BROKER IN NC

David has over 35 years of real estate experience in Hampton Roads and N E North Carolina David's extensive knowledge of real estate and construction has proven to be an indispensable asset to his clients

Kim Wilkey

TEAM LEADER & REALTOR LICENSED IN VA

Kim got her real estate license in 2001 and proceeded to win Rookie of the Year, and she hasn't slowed down yet! Kim's passion for real estate and helping families can only be rivaled for her love of shelling on the beach and cooking for family and friends

Kesha Wilkey-Prim

TEAM LEADER & REALTOR LICENSED IN VA & BROKER IN NC

Kesha is a 3rd generation Realtor! You could say that real estate is literally in her blood. Kesha was recently named in the top 500 Realtors in Hampton Roads!

We are excited to help YOU BUY YOUR HOME!

Meet Our Team

Cindi Huey

TEAM SUPPORT & REALTOR LICENSED IN VA

Cindi began her real estate career in 2016 after moving to Hampton Roads. In 2018, she joined the Wilkey Extreme Team where she provides support to all of our agents.

Mathew Obenaus

REALTOR, LICENSED IN VA

Mathew has over been a Realtor® in the Hampton Roads market for over 10 years More than just a Realtor®, Mathew believes in counseling clients through the real estate process

Kate Pitre

REALTOR, LICENSED IN VA

Kate is passionate about guiding her clients through the home buying process and making the experience an enjoyable one. As a military spouse who has moved several times in the last 15 years, Kate understands all the stress involved with moving to a new area.

We are excited to help YOU BUY YOUR HOME!

Meet Our Team

Elizabeth Schwind

VA

Elizabeth is a navy veteran and a spouse of a retired Navy Commander She understands first hand the unique moving experiences of the military and is here to help

Elinor Lee

Elinor is another local agent, born and raised right here in Norfolk. She spent many years building her own real state investment portfolio, so in 2015 she became a licensed agent

Erica Midgett

Erica is fairly new to our team, but not to real estate Erica has deep connections to family and the community here in Hampton Roads and North Carolina!

Meet Our Team

Alison Hutchings

REALTOR®, Licensed in VA

Alison got real estate license in 2010 and took some time off to raise her beautiful children Now she is back on the scene and ready to assist families with their real estate needs!

Ed Holster

REALTOR®

Licensed in VA & Broker in NC

Ed began his career as a new homes agent in North Carolina in 2005 Since this he has expanded his practice to include resale in both NC & VA

Nichole Siegrist

REALTOR®, Licensed in VA

I’ve been a military spouse for 24 years and understand the challenges that can come with frequent moves, buying and selling real estate and life changes… It is not easy!

We are excited to help YOU BUY A HOME!

Client Testimonials

Adrienne has been so wonderful to work with. She made what could be a stressful and tedious process, a great one! This was our first time buying a home and she walked us through every single step and helped us with every question we had. I could not have asked for a better realtor We are so thankful for her and all her knowledge. I will recommend her every chance I get!

- Amanda L

Adrienne is the best! She took care of us in ways we didn't think were possible. She answered every single question and she rest until we were 100% confident and satisfied with our decisions in the home buying process! If you're looking for an honest, and dependable realtor look no further than the team at Rose&Womble reality. Ask for Adrienne!

- Alexander A

Adrienne Parker is a top notch Real Estate Agent. She is on top of every detail and her communication with her clients is exceptional she goes that extra step ..she is truly an asset to Rose and Womble Realty..Thank you Adrienne for making our house hunt so much fun!

-Michelle W

Adrienne is an amazing person and realtor! She has been a crucial part of our relocation from NY to VA! We love her! She is very detail oriented, informative and thoughtful! We look forward to working with her again, and we highly recommend her!

Buyer Mistakes

Homebuyer mistakes are common, but they can be disastrous & lead to unwanted process delays and financial issues down the road. Here are the top 6 common mistakes to avoid:

01

02

NOT GETTING PREAPPROVED BEFORE LOOKING

Beneficial to determine how much house you can afford

NOT WORKING WITH A REAL ESTATE AGENT

Having a real estate expert helps make the home buying process go more smoothly overall

03

NOT SAVING UP ENOUGH MONEY

There are a number of expenses to consider when you ’ re buying a house

04

NEGLECTING FIRSTTIME HOME BUYER PROGRAMS

Programs & grants exist that can help you to get your home

05

NOT RESEARCHING THE NEIGHBORHOOD

Take the time to research the home’s neighborhood before committing to a sale, i e school district & other factors

06

RUSHING TO MAKE AN OFFER

Be 100% sure of your interest in the home before making an offer

Helping you buy your dream home!

Home Buying Process

Most homebuyers dream of a stress-free process, for this to happen you’ll want to be prepared and control the factors that could have a big impact. Here are 10 steps to help prepare you for buying your home.

01

FIRST CONSULTATION

I will meet with you to discuss my responsibilities to help buy your home

02 FINANCES

Set up your finances before you look to buy your new home

03

Meet with mortgage lenders and get a pre-approval letter

START HOME SHOPPING

04

Begin your online search for your new home & schedule some home tours

07

APPRAISAL

Schedule an appraisal for your potential new home checking it's value

MAKE AN OFFER

05

After finding the perfect home, put in a strong offer and negotiate the contract

GET PRE-APPROVED ORDER AN INSPECTION

06

Schedule an inspection and negotiate any repairs discovered

SCHEDULE YOUR MOVE

08

Plan your move ahead of time with our easy to follow list

10

CLOSING

Time to get your keys and celebrate the buying of your home

FINAL DETAILS

09

After choosing an offer your home will be under contract

First Consultation

As your Real Estate Agent, my number one priority is to help you achieve your own home goals. I make it my goal to understand your situation when it comes to buying your forever home.

GETTING IN THE DOOR

We will narrow down the homes that fit your unique wants and needs to get you in the right doors! Looking at dozens of homes every week, I can help identify any potential problems within a home

I have the market knowledge you need to get the best results from your house purchase. Understanding the local real estate market can go a long way when it comes time to make an offer on a house.

NEIGHBORHOOD EXPERT PROBLEM SOLVER

I will work hard to protect all of your interests and take on any issues that may arise throughout the entire process Hopefully making buying a home fun and stress-free process

1 2 3

REAL ESTATE IS MY PASSION. I AM DEDICATED TO HELPING EACH & EVERY ONE OF MY CLIENTS ACHIEVE THEIR REAL ESTATE GOALS & HAVE AN

Mortgage lenders recommend you do not stretch yourself beyond buying a home that is more than 3 to 5 times your annual household income. If you are not purchasing a home with cash, you will need a mortgage pre-approval provided by your mortgage lender.

PREPARING YOUR FINANCES

Study your credit report & make note of any errors

Complete required forms: Pay slips, tax returns, bank statement

Calculate how much of a payment you are comfortable with, don't forget taxes on top!

A mortgage requires a good credit score You can improve your score by:

In order to make your dream of buying a home a reality, you will need to save cash for your downpayment, earnest money, closing costs, and home inspector

Get Pre-Approved

If you ’ re ready to make your dream of owning a home a reality, you ’ ve probably already heard that you should consider getting preapproved for a mortgage. It’s time to understand exactly what that means and how it might help you.

WHAT IS MORTGAGE PRE-APPROVAL?

Preapproval is as close as you can get to confirming your creditworthiness without having a purchase contract in place You will complete a mortgage application and the lender will verify the information you provide They’ll also perform a credit check

There are many different factors that the mortgage lender will use to calculate your pre-approval. It is always best to be prepared, so here are a few documents you can gather for when the time comes:

Lenders look at every detail of your finances when granting preapproval You might be asked about a car loan payment you made with a credit card, for example Be prepared to answer lender questions as soon as they come up

CONVENTIONAL MORTGAGES

Can be used for your primary home or vacation or investment property

Your down payment can be as little as 3% for qualifying loans

Stricter qualifications that require a minimum credit score of 620 & low DTI

For borrowers who need to take out more money than the federal limit for a standard mortgage

You’ll need a large down payment, typically between 10 – 20%

GOVERNMENT-INSURED MORTGAGES

Available through the FHA, VA and USDA, these make homeownership more accessible for qualified borrowers

It

You must meet specific criteria to qualify

You may end up paying more in interest over time if the rates are high.

Start Home Shopping

START VIEWING HOMES

We will take notes on all the homes we visit. It can be hard to remember all the details of each home, so take pictures or videos to help you remember each home, and review the notes you have written.

Once we have found the house for you, we will present an appropriate offer based on recent sales and current buyer activity in the area.

Searching

Browse available homes online to get a feel for your local housing market. Websites can give you a close look at how much the average home sells in your area and provide a more realistic idea of what type of home you can afford

Schedule an in-person tour of the houses you're interested in.

for finding your dream home

Buying a home can be stressful and exciting all at the same time If you're buying a home, this list can help get your search off on the right foot Consider these factors

PLANNING

Write down all of the things you must have in your new home, things that would be nice to have and things that don’t really matter

LOCATION

Consider any potential home's proximity to your work, neighborhoods charm, and how the home is situated on the lot

NEIGHBORHOOD

Drive around on weekdays & weekends, during the day and in the evening Do the neighbors keep the yards clean and tidy?

STAY IN BUDGET

Get pre-approved for a loan before looking at houses. It will make the buying process much easier and you will know which houses to look at.

SIZE & FLOOR PLAN

Think about how the new home space will be used and whether it will fit your lifestyle now and in the future

KEEP AN OPEN MIND

The key is looking past the exterior cosmetic blemishes to the home’s bones. Look for a well-built home with potential for changes.

Happy house hunting!

Make An Offer

The next stage is finding that perfect property and making a competitive offer. As more people are looking to become homeowners, it's important to prepare yourself. Here are 5 strategies to get your offer accepted over other offers.

A good rule of thumb, specifically in a seller's market, is to start strong To do this we will access the property's market value with a CMA and determine what it is worth in the current market.

02

Include a letter to the sellers with your offer, letting them know why you love their home! To create an emotional connection. making you stand out from the rest.

Express your willingness to work with the sellers' timetable to closing. Making a more attractive offer with a shorter timeframe over one with an extended contingency

Paying in cash vs taking out a loan offers a faster closing timeline & fewer chances of issues arising, making it more appealing

An offer that includes a larger earnest money deposit presents a more serious and competitive offer

PROCESS

after making an offer

Once you've locked down your preapproval letter and real estate agent and found your dream home, the next thing to worry about is the actual process of making an offer Here are the stages that your offer on your new home can go through

OFFERS PRESENTED

ACCEPT COUNTER REJECT

Your offer is accepted! It's time to celebrate, now we will move ahead with any conditions laid out in the offer like home inspections.

The seller may reject your offer. We will ask questions to discover why and if there is anything we can do to make the offer more appealing.

The seller may come back with their own counter offer. In this case, we will review the terms with you and proceed to negotiate until we reach an agreement

NEGOTIATE IF NECESSARY

The home inspection will tell you if there are any dangerous or costly repairs that need to be addressed. You can then choose to either back out of the deal, ask the seller to make repairs, or negotiate a lower price to cover the costs.

Order An Inspection

A home inspection can help identify deficiencies in a home you're considering purchasing. If the inspection reveals problems or repairs are needed, you may be able to negotiate with the seller to fix those issues.

During the inspection period, we will schedule an inspection with a reputable home inspector to do a thorough investigation of the home Once this is complete, the inspector will provide us with a list of the findings

TYPES OF POTENTIAL INSPECTIONS

Home Inspection

Radon Testing

Wood Destroying Organism (WDD) Inspection

Mold Inspection Foundation Inspection

HVAC Inspection

Lead-Based Paint Inspection

It is critical that we begin scheduling the inspections you choose to have done as soon as we are under contract on your potential new home This will ensure that we do not run out of time or have any delays in the process.

Appraisal Ordered

A home appraisal is a process through which a real estate appraiser determines the fair market value of a home. It can assure you and your lender that the price you ’ ve agreed to

WHAT DO HOME APPRAISERS LOOK FOR?

ual inspection, an appraiser looks at a ors in the home to determine its value,

ondition of the home - Counting the bedrooms and making sure each one ow and a closet They also check for afety considerations

- Looking at any upgrades or nts made to the property

Schedule Your Move

When it comes to moving there are so many things to do that it’s easy to forget a few. Here is a checklist that is easy to follow, we hope it helps make your move go smoothly!

4 WEEKS TO MOVE

Sell or give anything away you won’t move, maybe plan a garage sale

Call several movers for estimates

Pick up a Change of Address Moving Kit from the Post Office

Contact children’s school and have transcripts forwarded

Make a list of everything to be moved

2 WEEKS TO MOVE

Pack one room at a time and label all boxes

Transfer your insurance to be covered at your new home

Assemble all necessary documents for the new home

Notify utility companies with the moving date to stop services, & get final meter readings

1 WEEK TO MOVE

Obtain certified checks for closing

Arrange for childcare/petcare during the moving day

Confirm moving/travel arrangements

Pack clothes for each person, with enough clothes & personal items needed for a few days

On your successful move and enjoy your

Final Details

You're almost there! This is the final leg of the home buying journey! Prepare all your paperwork, change of address, and insurance before you move into your new home to save time and be prepared for the closing day.

HOMEOWNERS INSURANCE

One of the principal tasks includes getting homeowner's insurance, which protects you against events such as floods, fires, and storm damages. We recommend you start shopping early to compare rates and get the best deal possible.

CHANGE OF ADDRESS & UTILITIES

Before the closing, you will need to change all the addresses on your; subscriptions, bills, banks, etc Additionally, a few weeks before closing, you should call all utilities to have your name changed and schedule them to service your new home

FINAL WALKTHROUGH

We will do a final walkthrough of the new home within 24 hours of closing to check the property's condition. This final inspection takes about an hour. We will make sure any repair work that the seller agreed to make has been done.

Closing Day

Closing day is when you sign ownership and insurance paperwork and receive your new home's keys! Typically the closing process takes 6 weeks. During this time the funds are held in escrow.

CLOSING COSTS

Both buyers and sellers pay closing costs. However, the buyer usually pays most of them

The average closing costs for the buyer is

BETWEEN 2% & 5%

of the loan amount

Things to bring!

Government-issued photo ID

Copy of sales contract

Homeowner's insurance certificate

Certified funds or cashier's check

CLOSING TABLE

Your Agent Your Lender

Your Settlement Agent/Attorney

The closing is usually held at a title company or attorney's office that is convenient to your location and needs

An experienced settlement officer will lead all parties through the closing process