Below is a step-by-step guide from first contact to well after your home purchase, you can expect from my team. As someone looking to purchase a property I believe it’s important for you to know all the services you will receive from start to finish.
Starting Out &
Beginning to Search
Initial meeting - An education of Contract, Law, 101 of Home Buying + Q&A
Agency and Disclosures Explanation (S.C. Law Required)
Analysis of home needs/desires and the difference between the two
Define Time Frame for Purchase
Financial Discussion - Cash? Loan? What kind? Has a pre-approval been completed
If a loan is needed, Lender referrals to help establish loan amount
Based on loan amount, desires and needs. Set up MLS portal
Download our Search App from any app store!
Analyze top properties and schedule showings as needed
Begin to view properties - THE FUN PART!!!
From Offer to Contract
Review property details (disclosures, available materials, visual inspection, DOM)
Establish a fair market value (based on recently sold, Active listings, Absorption Rate)
Identify price, terms and seller motivation
Draft offer w/ Agreement, Addenda, Disclosures, Pre-approval
Negotiate offer with Buyer or Buyers Agent
Negotiate contract terms and at whose expense
Identify and negotiate any other contingencies
Maintain a chronological file on all written or electronic correspondence
Written confirmation of ratified contract
Deposit and record Earnest Monies
Due Diligence and/or Repair Period
Verify county records of property taxes, ownership and sq footage
Confirm school systems
Collect cost of ownership Information
Acquire costs of applicable regime/HOA and/or transfer fees
Check on any possible assessments
Collect standard insurance costs (Flood, wind/hail, contents)
Monthly utility averages for phone, cable, internet, electric, water/sewer
Any home service contracts - termite bonds, pest control
HOA/Regime master deed, covenants and restrictions
Collect any information from HOA/Regime regarding any possible lawsuits
Schedule and complete home inspection (and any other needed inspections)
If needed, schedule qualified professionals for repair quotes
Negotiate repairs or credits as needed
Establish timeframe for repairs and any follow up inspections
Contingency Execution
If using a lender, ensure timely execution of loan process
Send specific lenders for best possible rate and loan delivery
Ensure lender explains rates, down payments and carrying costs
Order appraisal and analyze results. Negotiate price if needed
Schedule CL-100 Inspection and analyze report
If needed, identify and negotiate repairs or clear letter based on results
Schedule survey, elevation certificate and/or topographical survey if needed
Negotiate any adjustments as a result of contingencies to contract
Update and deliver documents to closing attorney and lender
Closing on the Home
Advise and assist in selection of attorney for deed preparation
Arrange for Power of Attorney (if needed)
Delivery fully executed paperwork to closing attorney
Monitor Attorney progress toward closing
Schedule pre-closing walk through
Coordinate exchange of utilities
Review closing statement prior to closing
Attend closing
Verify disbursement of funds
Transition to Homeowner
Enter property sold status into Charleston MLS
Ensure all keys, openers, security codes are transferred before or after close
Give Owner-occupied tax document to change from 4% to 6% property tax assessment ratio
Set up neighborhood alerts for monitoring home values in neighborhood
Offer tools and apps for homeownership monitoring and maintenance
Deliver monthly to annual home estimate
Provide best practices for uncommon events (hurricanes, freezes for protecting home
Attend annual client appreciation party ;)