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BUYER REPRESENTATION
Choose GOLD KEY TEAM
As your REALTORS®, we will make the process of house hunting much easier and more efficient than if you did it all yourself. we will help you get financing, guide you to local neighborhoods, help you determine your budget, and prioritize a list of essential features that you need in your next home. We'll save you valuable time by finding the properties that best suit your requirements, and will show you only the most promising ones.
Once you've found a place that catches your eye, we will look at comparable properties in the area to help determine a purchase offer. Then we will negotiate on your behalf with the seller to make sure you get the most favorable terms.
It's our job to look after your best interests, and this is at no cost to you as a buyer.
Our GOLD KEY Guarantee
Your home will likely be the greatest financial investment you'll ever make. With the help of a trained real estate agent(s), it can also be your wisest. Give yourself every opportunity to come out on top by working with a professional.
Get All The Latest
New homes for sale hit the real estate market daily. We will be in regular contact with sellers and other real estate agents to ensure you see all the newest listings right away, whether or not they're made public. Often, buyers can put in offers with little or no competition and walk away with an impressive deal on the property of their choice. We will save you valuable time by making sure you only see properties that meet your needs and investment preferences.
We Get the "Deets"
As you compare the best deals, we will provide you with important information about the home, its neighborhood, zoning issues, utilities, schools, etc.
Professional On Your Side
Many real estate transactions include an extensive negotiating process. We will represent you and get you the best price possible. We will attend property inspections, make sure any and all agreed-upon repair work is carried out, and to handle the paperwork related to the sale. We can also refer mortgage finance professionals for your investment. We actually recommend our trusted network of agent services for lending, title, escrow because we have a successful history of working together for multiple successful closings.
Expert With First Time Home Buyers
There are many programs available for First Time HomeBuyers. Whether you are a Veteran doing VA loan, being qualified for an FHA loan, or the multitude of other conventional type loans; we have experience with all of them! Believe it or not, there are some first time home buyer programs available even if you have owned previously. We can assist you with the information to get you started on the Pre-Qualification process so that we can start your search for a new home where you can pay your mortgage instead of your landlords!
What Else Is In My Mortgage Payment?
Property Taxes
Calculation is generally 1.25% of the Sales Price
(Example: $600,000 Sales Price x 1.25% = $7,500 per year or $625.00 per month)
That is the number the underwriter will qualify you with for your new loan.
If you are purchasing in a NEW Home Community, the taxes will be quoted by the builder and they can be quite high, sometimes up to 2.25%. Be sure to factor this in if looking at newly built homes.
Homeowners Fire Insurance | Property Coverage
Calculation is generally a % of the loan amount however you have insurance on your existing vehicles and your insurance agent will happily quote you for insurance. Being that you have a car (or 2) on the policy with him/her, they will likely offer a discounted policy rate as well. The rates can vary based on the location of the home. Are you in a fire hazard area, backing up to vacant land with brush? Are you on a hillside? I always calculate high and figure a $1200 annual fee or $100 per month. Generally it is $50-60 per month depending on the homes location.
Private Mortgage Insurance - Conventional Loans
PMI is arranged by the lender and provided by private insurance companies. PMI is usually required when you have a conventional loan and make a down payment of less than 20 percent of the home’s purchase price. If you’re refinancing with a conventional loan and your equity is less than 20 percent of the value of your home, PMI is also usually required. This can also be calculated based on your credit score. Higher credit score = lower pmi rate.
Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan.
MIP - Mortgage Insurance Premium - FHA Loans
Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all borrowers, regardless of the amount of down payment.
HOA Dues - Homeowners Associations
This is for Single Family Planned Unit Developments, Single Family Attached Homes, Townhomes, and Condominiums. Some communities in newly built areas will have an HOA and a Sub-HOA. Be sure to get quotes on that when you are being pre-approved! Your lender will need this information.