Keller Williams Buyer Packet – Fill Out and Use This PDF

Home Buying Packet

Home Buying Packet_0305r1

CAMP 4:4:3 Tool Kit ed1–rev1 © 2005 Keller Williams ® Realty, Inc.

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:

1.Provide you with 10+ customer service during the entire buying process.

2.Organize and schedule your home search process.

3.Discuss the benefits and drawbacks of each home in relation to your specific needs.

4.Provide you with on-going updates on available homes.

5.Help you to compare homes and make a decision.

6.Advise you on the terms and issues of the offer and fill out the purchase offer contract.

7.Present your offer and negotiate on your behalf.

8.Coordinate and supervise the preparation of all closing documents and guide you through the closing process.

9.Help you resolve any closing issues.

10.Coordinate move-in and assist with any post-closing issues.

11.__________________________________________________________

12.__________________________________________________________

13.__________________________________________________________

14.______________________________________________________

15.______________________________________________________

I look forward to finding you your next home! ___________________

Home Buying Packet_0305r1

CAMP 4:4:3 Tool Kit ed1–rev1 © 2005 Keller Williams ® Realty, Inc.

Home Buying Packet

Your Top Five

The five most important criteria for my new home are:

1.______________________________________________

2.______________________________________________

3.______________________________________________

4.______________________________________________

5.______________________________________________

Home Buying Packet_0305r1

CAMP 4:4:3 Tool Kit ed1–rev1 © 2005 Keller Williams ® Realty, Inc.

Home Buying

Packet

Putting the Pieces

Together

Prepared for: _____________

Home Buying Packet_0305r1

CAMP 4:4:3 Tool Kit ed1–rev1 © 2005 Keller Williams ® Realty, Inc.

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!

Insert your contact information here

Keller Williams Realty

Home Buying Packet_0305r1

CAMP 4:4:3 Tool Kit ed1–rev1 © 2005 Keller Williams ® Realty, Inc.

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:

Home Buying Packet_0305r1

CAMP 4:4:3 Tool Kit ed1–rev1 © 2005 Keller Williams ® Realty, Inc.

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:

ƒThe principal on the loan (P)

ƒThe interest on the loan (I)

ƒProperty taxes (T),

ƒThe 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_0305r1

CAMP 4:4:3 Tool Kit ed1–rev1 © 2005 Keller Williams ® Realty, Inc.