The Anatomy of A Purchase
The Search Begins |
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| Buyer: | • | Gets pre-qualified with Lender, or better yet...Get Pre-Approved! |
| Kruse Company
REALTORS®:
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• | Conducts Buyer Interview to get information about the home |
| • | Discuss Buyer Agency with Buyer and sign contract (Highly Recommended!), or parties must sign a Disclosure of Real Estate Agency form which states that Agent is working on behalf of the sellers of each home shown to Buyers. | |
| • | Locate Properties to Show Buyer(s). | |
| • | Schedule showings of Properties for Buyer(s). | |
| Buyer: |
• | Decides on the house that's just right! |
Writing the Offer |
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| Kruse Company REALTORS®:
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• | Meet with Kruse Company Agent to Draft Offer. |
| • | Review and explain the Offer to the Buyer(s) prior to signing. | |
| • | Present Offer to Sellers or Sellers' Agent. | |
| • | Negotiate any counter-offers or amendments. | |
| Buyer: |
• | Write Earnest money check to Listing Broker Trust Fund. |
| • | If not pre-approved, submit application to Lender to begin the processing of the loan. | |
After Your Offer is Accepted |
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| Kruse Company REALTORS®:
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• | Check Offer for contingencies & time frames/Monitor removal. |
| • | Provide Lender and Title Company copies of the Accepted Offer | |
| • | Talk to Lender/Coordinate Appraisal date and time. | |
| • | Coordinate Closing date and time with all parties. | |
| • | Obtain Title Insurance and Closing Statements. | |
| • | Inform Buyer of amount to bring to closing in the form of a cashier's check. | |
| • | Assist Buyer and stay in constant contact. | |
| • | Set up Inspection to be done within contingency period. | |
| Buyer: |
• | Hire an Attorney (if desired Æ recommended, but not essential) |
| • | Finalize Financing. | |
| • | Obtain Homeowner's Insurance. | |
| • | Change Utilities into your name. | |
The Final Phase : Closing on Your New Home |
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| Kruse Company REALTORS®:
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• | Schedule and conduct the final walk-through with Buyers to insure property is in acceptable closing condition. |
| • | Answer any last minute questions Buyer(s) might have. | |
| • | Accompany Buyers to closing to insure everything is finalized correctly. | |
| Buyer: |
• | Bring Cashier's Check and paid receipt for first year of Homeowner's Insurance to Closing. |
| • | Sign Loan Documents, Deed and Closing Statement. | |
| • | Get the keys to your new home...and go unpack!! | |
