Home Buying Packet
My 10+ Customer Service Commitment
As the REALTOR® you have chosen to exclusively represent you in the
purchase of your new home, I promise that I will:
- Provide you with 10+ customer service during the entire buying process.
- Organize and schedule your home search process.
- Discuss the benefits and drawbacks of each home in relation to your specific needs.
- Provide you with on-going updates on available homes.
- Help you to compare homes and make a decision.
- Advise you on the terms and issues of the offer and fill out the purchase offer contract.
- Present your offer and negotiate on your behalf.
- Coordinate and supervise the preparation of all closing documents and guide you through the
closing process.
- Help you resolve any closing issues.
- Coordinate move-in and assist with any post-closing issues.
Testimonials from past buyer clients who have used the Payne Group …
“Jeff Payne was very easy to work with. He was always early for appointments, he always had an answer for your question, and from beginning to end you felt so comfortable that you knew he was doing the job, that you had nothing to worry about. Thank you so much! We tell all our friends to go through Jeff. We will use him again in the future!”
-Renee Watford
“Being out of state trying to locate a home here took time – But! You managed to find one that we could live with after only our second meeting. Thank you. I would be happy to refer anyone needing your company. You said you like to help people. It shows.”
-Joy Raponi
“It was great to have the feeling when I was looking for my next home, that I had my own personal Real Estate Agent.”
-Doug Reed
“Jeff is a good guy helped out with everything, explained stuff I had no clue about to help me out. Made sure I had a home when the time was running out. A pretty damn good Realtor that will do what it takes to get the job done to get me in my first house.”
-Kyle Bedford
“You won’t find a better realtor than Jeff Payne, period!”
-Daniel R. Hood
Home Buying Packet
Your Top Five
The five most important criteria for my new home are:
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Your Home Buying Packet
A Complete Guide to the Home-Buying Process
Welcome! You are about to embark on the exciting journey of finding your ideal home. Whether it is your first home or your tenth home, a retirement home, or an investment property, I will make your home-buying experience fun and exciting. I can help you find the ideal home with the least amount of hassle; and I am devoted to using my expertise and the full resources of my office to achieve these results!
Purchasing a home is a very important decision and a big undertaking in your life. In fact, most people only choose a few homes in their lifetime. I am going to make sure that you are well equipped and armed with up-to-date information for your big decision. I am even prepared to guide you through every phase of the home-buying process. This packet gives you helpful information during and after your transaction. Use its reference pages, note pages and agency explanations, as an invaluable guide on your home-buying journey.
Please keep this packet with you during your home-buying process. There are pages that contain important phone numbers and dates and areas for notes to help you stay organized.
So let’s take an exciting journey together! I look forward to meeting your real estate needs every step of the way!
Keller Williams Success Realty
2110 West 23rd St
Panama City, FL
850-628-4663
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Home Buying Packet
About Keller Williams Realty
Often, we judge the caliber of people by the company they keep – this is why I would like to tell you a little bit about Keller Williams® Realty and my office within the Keller Williams system.
Keller Williams® Realty was founded in Austin, Texas in 1983 with the specific premise that buyers and sellers deserve the best service for their real estate needs. That founding premise has been a major factor in the continued growth of Keller Williams® across North America. Two visionaries lead Keller Williams® Realty – Gary Keller, founder and Chairman of the Board, and Mo Anderson, Chief Executive Officer.
Because each Keller Williams® Market Center has grown within its respective community, Keller Williams® real estate agents have intimate knowledge of each community's character, mood, and growth potential. Due to the fact that the majority of Keller Williams® Associates live in the communities and neighborhoods they serve, they are eager and capable of tackling unique challenges that families encounter when selecting new homes.
We are a profit sharing company where associates are in partnership relationships with the owners; this means that everyone at Keller Williams® Realty wants to find your home because everyone benefits.
The Keller Williams culture is based upon a belief system that is summed up by this acronym: WI4C2TS:
Win-Win or no deal
Integrity do the right thing
Commitment, in all things
Communication seek first to understand
Creativity ideas before results
Customers always come first
Teamwork together everyone achieves more
Trust begins with honesty
Success results through people
The Home Buying Process
I have designed this packet to assist you with the purchase of your new home. I assure you that it is my goal to provide you with the most professional and informative service available. I am always just a phone call away!
Home Buying Packet
Pre-Qualification and Pre-Approval
Many buyers apply for a loan and obtain approval before they find the home they want to buy. Why?
Pre-qualifying will help you in the following ways:
1. Generally, interest rates are locked in for a set period of time. You will know in advance exactly what your payments will be on offers you choose to make.
2. You won’t waste time considering homes you cannot afford.
Pre-approval will help you in the following ways:
1. A seller may choose to make concessions if they know that your financing is secured. You are like a cash buyer, and this may make your offer more competitive.
2. You can select the best loan package without being under pressure.
HOW MUCH CAN YOU AFFORD?
There are three key factors to consider:
1. The down payment
2. Your ability to qualify for a mortgage
3. The closing costs associated with your transaction.
DOWN PAYMENT REQUIREMENTS:
Most loans today require a down payment of between 3.5% and 5.0% depending on the type and terms of the loan. If you are able to come up with a 20-25% down payment, you may be eligible to take advantage of special fast-track programs and possibly eliminate mortgage insurance.
CLOSING COSTS:
You will be required to pay fees for loan processing and other closing costs. These fees must be paid in full at the final settlement, unless you are able to include them in your financing. Typically, total closing costs will range between 2-5% of your mortgage loan.
QUALIFYING FOR THE MORTGAGE:
Most lenders require that your monthly payment range between 25-28% of your gross monthly income. Your mortgage payment to the lender includes the following items:
§ The principal on the loan (P)
§ The interest on the loan (I)
§ Property taxes (T),
§ The homeowner’s insurance (I).
Your total monthly PITI and all debts (from installments to revolving charge accounts) should range between 33-38% of your gross monthly income. These key factors determine your ability to secure a home loan: Credit Report, Assets, Income, and Property Value.
Home Buying Packet
The Ten Commandments
When Applying for a Real Estate Loan
1. Thou shalt not change jobs, become self-employed or quit your job.
2. Thou shalt not buy a car, truck or van (or you may be living in it)!
3. Thou shalt not use charge cards excessively or let your accounts fall behind.
4. Thou shalt not spend money you have set aside for closing.
5. Thou shalt not omit debts or liabilities from your loan application.
6. Thou shalt not buy furniture.
7. Thou shalt not originate any inquiries into your credit.
8. Thou shalt not make large deposits without first checking with your loan officer.
9. Thou shalt not change bank accounts.
10. Thou shalt not co-sign a loan for anyone.
Home Buying Packet
How to Buy a Great House
There are many factors to consider when selecting a neighborhood that is right for you. Below are just a few of the many factors -- you may think of others that are important to you.
Neighborhoods have characteristic personalities designed to best suit single people, growing families, two-career couples, or retirees.
SCOUT THE NEIGHBORHOOD!
It is important that you scout the neighborhood in person. You live in more than your house.
§ Talk to people who live there.
§ Drive through the entire area at different times of the day, during the week and on weekends.
§ Look carefully at how well other homes in the area are being maintained; are they painted, are the yards well cared for; are parked cars in good condition, etc.
NEIGHBORHOOD FACTORS TO CONSIDER --
§ Look for things like access to major thoroughfares, highways, and shopping.
§ Listen for noise created by commerce, roads, railways, public areas, schools, etc.
§ Smell the air for adjacent commerce or agriculture.
§ Check with local civic, police, fire, and school officials to find information about the area.
§ Research things like soil and water.
§ Look at traffic patterns around the area during different times of the day and drive from the area to work.
§ Find out if the neighborhood is near parks, churches, recreation centers, shopping, theaters, restaurants, public transportation, schools, etc.
§ Find out if the neighborhood belongs to a Homeowner’s Association.
Home Buying Packet
The Home Tour
Property Address: ________________________________________________________
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Property
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Exterior
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ü View
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ü Foundation
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ü Lot Size
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ü Roof
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ü Landscaping
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ü Architectural Style
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ü Square Footage
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ü Deck/Patio
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Interior
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