Ann R. Thompson REALTOR

Transcription

1 1 Ann R. Thompson REALTOR 1475 Tampa Park Plaza Executive Suite D Tampa, FL Cell The Real Estate Resource Booklet Prepared For Buyer/Seller

2 2 Ann R. Thompson, Broker A Few of Ann Thompson s Real Estate Credentials: Degree in Organizational Studies and Leadership Over 30 years of experience in the real estate market: Residential, Commercial and Investment Real Estate and Property Management Featured Real Estate Consultant for The Land Lord Academy which provides quality workshops for landlords and investors Consultant and Corporate Trainer to the Apartment Community on Fair Housing and Embracing Diversity Served on Professional Standards Committee Greater Tampa Assoc. of REALTORS Licensed Real Estate Instructor Board of Directors, Greater Tampa Association of REALTORS President of the National Association of Real Estate Brokers, Tampa Chapter 2005 Chairperson, Professional Development Committee, Greater Tampa Association of REALTORS 2007 Chairperson, Affordable Housing Committee, Greater Tampa Association of REALTORS 2008 Professional Member of the National Speaker s Association

3 3 How REALTORS Are Paid (Sample) Sales Price: $100, x 6% Commission (paid by Seller) = $6, Then Listing Office and Selling Office Split the Commission Listing Office (sign in yard) Selling Office (writes offer) $3, $3, Then REALTOR Associate Gets One/Half That Comes Into Their Office Listing REALTOR Selling REALTOR $1, $1, This is an example; all fees are subject to negotiation and can vary from transaction to transaction.

4 4 Steps In the Process of Buying A Home Contact Mortgage Loan Officer to get credit approved and resolve any credit issues. After Credit Approval let your REALTOR know the price range so he/she can begin to help you find your home. Look at homes that meet your needs and fall within your price range. This is often the hardest part of the whole process!!! Don t get discouraged! This is where your REALTOR can really speed up the search. Your REALTOR will present and negotiate your offer on the home you have chosen. There are often several offers and counter-offers before there is a meeting of the minds. Order the Home Inspection (15 day deadline. Do this immediately! as soon as your offer is accepted.) Contact your Lender to finalize the loan application; this includes paying any fees required by the Lender in order to order the appraisal and the credit report. Appraisal is ordered by Lender.* Arrange for Home Owners Insurance (HOI), this also has a deadline. Contact your auto insurance company and two others for quotes. HOI is becoming harder to obtain so start this process early. You do not need to purchase the HOI at this time, just make sure you can find HOI that is satisfactory. * The Lender and REALTOR will coordinate ordering Title Work. Work with Lender to provide all information and documents needed to obtain loan approval. Your Loan Officer will guide you through this.

5 5 Loan Approval Oh Happy Day!!! (Start lining up your friends that own a truck!) Make arrangements for utilities, cable, and telephone. Make sure termite report and survey are ordered, refer to your sales contract for guidance. Your REALTOR should really guide you during this process. Attend Closing, (will take about one hour, try not to bring children). Your REALTOR will attend the closing with you. You will leave closing with the keys to your new home. File for Homestead Tax Exemption (Via County Property Appraiser s Office) Enjoy your new home!!! *These items must be taken care of within 15 calendar days of your offer being accepted.

6 6 What Are My Deadlines? Buyer Seller Property Address Contract date: Closing date: Last day to make complete loan application, includes fee for appraisal and credit report: Last day to secure financing to Buyer s satisfaction Buyer Buyer Last day to provide Sellers Property Disclosure, Buyer HOA docs and C&R Seller Buyer Last day to complete home inspection and complete Inspection Addendum if 12A is checked, or cancel contract if 12B is checked: Buyer Make arrangements for Homeowner s Insurance: (hurricanes) Buyer Binder/Deposit is at risk per contract Title work must be ordered: Seller Buyer Termite report must be ordered: Seller Buyer Survey must be ordered: Seller Buyer Walk through must be completed: Buyer ALL REFERNCES TO TIME FRAMES ARE CALENDAR DAYS, INCLUDES WEEKENDS AND HOLIDAYS

7 7 Key Players Here is a brief description of the key players who need to be involved in the process of buying or selling a home and what they do: Mortgage Loan Officer Credit approval, loan application, will guide you through the financing process. Ann Thompson & Associates Realty Negotiates contract for the sale or purchase of your home, searches for homes, serves as your expert guide in the entire process, attends closing, is available to answer any questions or concerns you may have. Home Inspector Inspects your home, in accordance with regional standards, for any structural or maintenance issues. Appraiser Estimates the fair market value of your home. Termite Inspector In accordance with state and county guidelines, inspects your home for any wood destroying organisms. Surveyor In accordance with the legal description of your property, the surveyor marks the four corners of your lot and draws house placement on the property. Homeowner s Insurance Agent Insures your home against fire, etc. Closing Agent/Attorney Provides legal proof of clear title to home and closes the transaction.

8 8 Helpful Resources Here is a listing of resources clients have found helpful for a variety of purposes: Stop Annoying Phone Calls Department of Agriculture and Consumer Service or The National Do Not Call Registry or Stop Unsolicited Credit Offers Credit Bureau Opt-Outs: If you wish to limit the number of pre-approved credit solicitations that you receive you may contact the National Opt-Out Center to have your name removed for two years from all of the major credit bureau mailing lists. Credit Reporting Agencies (free report from all 3 agencies) Equifax Credit: Trans Union: Experian: Average Utility Bills TECO Duke Energy: School Zones Hillsborough County: Pasco County: Pinellas County:

9 9 The Megan s Law Website Who Are Your Neighbors? Nationwide Data (crime, schools, sex offenders, neighborhoods etc.) Crime Statistics, Arrest Inquiries etc. Hillsborough County Sheriff's Department: Tampa Police Department: Pasco County Sheriff s Department: Pinellas County Sheriff s Department: Additional Resources Neighborhood Assistance Corporation of America (NACA) Credit Counseling, Debt Management, and Mortgage Help: Title Companies Kimberly Martin- Business Consultant North American Title Company 2918 W. Kennedy Blvd Suite 201 Tampa FL (813) kkmartin@nat.com Homes For Heroes Affiliate Partner

10 10 Homes for Heroes Website 90 Second Video Lenders: Larissa D. Colon with Success Mortgage Partners Inc (813) Cell (813) Office John Lamberg with Mid America Mortgage Inc. (727) Cell (813) Office 4600 West Cypress Street Suite 451 Tampa FL James Sorrells with Waterstone Mortgage Corporation (813) Cell/Office 5422 Bay Center Drive Suite 100 Tampa FL Home Inspector: Florida Building Inspection Group (813) Office (877) Toll Free 333 North Falkenburg Road Suite 214B Tampa FL Website

11 11 FHA 203(k) Renovation Loan 203(k) Consultants: Florida Building Inspection Group (813) Office (877) Toll Free 333 North Falkenburg Road Suite 214B Tampa FL Website FHA 203(k) Lenders: Titan Home Lenders LLC. Andy Wood (727) Cell (813) or (423) Office 4302 Henderson Blvd Suite 114 Tampa FL Website PEOPLE YOU CAN TRUST Irvin M. Beacham Jr. REALTOR with Ann Thompson & Associates Realty, LLC Office Cell 1475 Tampa Park Plaza Executive Suite D Tampa FL Irvinrealtor365@gmail.com E mail Website

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