Home Finding Guide

Home Finding Guide
The SCHMID Team Prudential Arizona Properties 3200 E. Camelback Road, Suite 103 Phoenix, AZ 85018 www.WeSellPhoenix.com David Phone: (480) 688-2034 Email: David@SchmidTeam.com Patty Phone: (480) 889-4449 Email: Patty.Schmid@pruaz.com

Your Needs Come First The Home Finding Process Financing Your Home Purchase Who We Are

Your Needs Come First

Your Needs Come First
Finding and buying the right home is a highly personalized process, and it all begins by identifying your needs.
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The values, interests and priorities you want this move to support. The features you are looking for in a home. How a neighborhood can best match your needs and lifestyle. How the home finding process can be tailored to fit your plans. The support you expect to receive from us.

Agency Relationships
When real estate professionals work with buyers and sellers, ³agency relationships´ are established. There are three kinds of agency relationships: 1. Buyer¶s Agent 2. Seller¶s Agent 3. Disclosed Dual Agent
When you agree to have us help you find and purchase a property, we become your ³buyer¶s agent´, which means we will work for your best interests throughout the entire process. When an offer is presented, the sellers will have a separate agency relationship with their broker.

The Home Finding Process

Look Ahead To The Home Finding Process
The following questions will help identify how finding and buying a home can be an enjoyable experience for you.
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What is your timeframe? Who will be included in the home finding and buying decisions? Thinking of previous home finding experiences, what were the most positive features of those experiences? Were there any unpleasant features of your previous home finding experiences that you hope to avoid this time? What are your expectations of us as your real estate professionals? What specific services and support do you expect?

Defining Your Ideal Home
The property you buy will be much more than a house; it will be your home. The following questions will help us find your ideal home:
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How many people will be living in your household? What would you consider a comfortable commute? What are the most important activities for the members of your household? What is something you disliked about the house or area where you have lived previously? What are one or more features you liked most about homes you¶ve lived in previously? What are the most important ³must have´ features of your ideal home and neighborhood?

Home Finding Process
The home finding process typically includes many of the following elements. We will be your resource and guide through every step.

How Buyers Find Their Home
Homebuyers may use several information sources in their search process, but they are most likely to find the home they actually purchase through a real estate professional.

Your Single Source Of Property Information
We have access to virtually every property for sale in this market, regardless of whether or not it is being offered by a Prudential Real Estate sales professional, and will show you the homes that best match your requirements, including:
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All homes marketed by Prudential Real Estate Network members All properties listed by other brokers through the Multiple Listing Service (MLS) Properties not on the open market yet Many properties offered by ³For Sale by Owner´ Properties advertised in newspapers or buyers¶ guide Properties advertised on the Internet Open Houses Properties displaying ³For Sale´ signs

How To Look At Homes
Discovering the right home should be an exciting event. Our commitment is to make your home search as stress-free as possible.
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Identifying up-front what is affordable. We will select only those properties that most closely meet your unique needs and interests. We will schedule time to look at homes and neighborhoods. If the seller or their real estate professional is at the property when we are there, it would be best for you to limit your conversation with them. You can use the Home finding Worksheets we give you to evaluate each property. In order to help us find the right home for you, we will ask you to tell us your thoughts about each property you see²the positives and the negatives We will continue to assess your needs and buying criteria.

Submitting An Offer
Once you have found the right property, the next step is to make the offer to the seller.
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Determine the price you want to offer. Decide on financing. Decide on other issues that are important to you such as:
‡ Items of personal property you want included ‡ Warranty, inspections, repairs, etc. ‡ Closing date and possession

We will prepare an offer for your review and µon-line¶ execution. We will present your offer and negotiate with the seller through their sales professional for your best interests. ‡ Once you have reached an agreement with the seller, you will have a firm contract to purchase the home.
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Important Ways To Protect Your Interests
There are several ways to help support a trouble-free home purchase:

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A written property disclosure statement from the seller will reveal any problems with the house and the surrounding area that you need to know about. Professional inspections can reveal structural, roof, termite and other problems with the property that the seller will need to remedy. A home warranty can give you peace of mind by providing repairor-replace coverage of major home operating systems and appliances. A preliminary title report informs you of any problems with the property¶s title and a policy of title insurance protects your rights to the property. A walk-through before closing will allow you to make sure all required work has been taken care of and that the property is ready to become yours.

Completing Your Home Purchase
It can take 15 - 45 (*) days to complete all the steps involved in a home sale, depending on the complexity of the transaction. We will work closely with everyone involved in the transaction to help ensure that it moves ahead as smoothly as possible.
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Explain to you in detail all the steps that will occur, and answer any questions you might have. Work with the seller¶s broker to see that they fulfill their responsibilities under the contract. Stay in touch with the settlement officer, title officer, lender and others to help coordinate their activities and to help keep the transaction moving forward. Communicate with you on a regular basis so that you can stay informed and as worry-free as possible.

(*) Short Sales and Bank Owned Homes can take 60 - 120 days to complete.

Financing Your Home Purchase

Financing Your Home Purchase
If you need to obtain a home loan (mortgage) to complete the purchase, we will assist you in the process.

In Arizona you will need to be pre-approved before submitting an offer. It will put you in a stronger negotiating position and save time in the loan approval process. We can put you in touch with experienced loan officers at leading banks, insurance companies and mortgage companies. Various financing options may be available to you, including
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Fixed Rate Mortgage Adjustable Rate Mortgage (ARM) Government-assisted (FHA or VA) financing Seller-assisted financing


You can expect the lender to ask for detailed information regarding your income, expenses and obligations.

Loan Application Checklist
The following information is typically needed when applying for a mortgage.
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The SCHMID Team contact information Purchase Contract Property MLS information Personal Information Employment History and Income Tax Returns (3 Years) Recent Payroll µStubs¶ Asset List Liability List - Loans and other debts Checking, Saving and Investment Account Deposit Histories Loan Application, Appraisal and Credit Report Fees Written explanations of any non-reoccurring deposits or payments

Who We Are

How Can We Help You?
We will apply our knowledge and expertise to help you find the right home. Here is what you can expect from us:

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We will work with you at every stage of the home finding process, from the initial selection of properties to view, through the presentation of a purchase offer, to obtaining inspections and financing and the completion of the transaction. We will want to agree to a system of regular communication so that you can be kept informed at all times. We will give you reliable information and solid advice so that you can make informed decisions. It is our hope that you will be so pleased with our service that you will turn to us for advice on your future real estate needs = ³Customer¶s For Life.´

Patty·s Credentials
Professional Designations GRI ± Graduate REALTORS Institute ABR ± Accredited Buyer¶s Representation CSSN ± Certified Short Sale Negotiator ePRO ± Internet Marketing REOS ± Bank Owned Real Estate Professional Accomplishments 1. Top 2% of Prudential Agents Nationwide 2. Luxury Home Tour of Arizona, Inc. I am ready to help you find your home!
± ± ± ± ± Co-Chair 2010 REALTOR® of the Year 2010, 2007 Board Member 2008 - Current East Tour Director 2007 Market Analyst 2006

David·s Credentials
Professional Designations:
CRS = Certified Residential Specialist CPM = Certified Property Manager Member CCIM = Certified Commercial Investment Member

Professional Memberships:
Counsel of Residential Specialists Institute of Real Estate Management CCIM Institute Phoenix RE Investment Advisory Counsel Phoenix Association of REALTORS® Arizona Association of REALTORS® National Association of REALTORS® I am ready to help Arizona Regional MLS you find your home! Commercial RE Development Association

Why The SCHMID Team can do more to meet your home buying needs:

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Experience Full-Time Service Qualifications Reputation Commitment to Customer Service Advanced Technology Network Strength High Standards

Our Pledge To Buyers
How The SCHMID Team will provide a good home finding experience: 1. You will see all the homes that meet your unique requirements. 2. You will be provided market analytics so you know you are not paying too much. 3. You will experience less risk as you will be encouraged to review seller disclosures, conduct home inspections, secure title insurance, purchase a home warranty and conduct a walkthrough. 4. We handle the process. 5. You will remain involved. 6. We will negotiate on your behalf.

We Work With All of Today·s Buyers
The SCHMID Team has the experience and qualifications to help everyone buy a home or property:

Internet Buyers Referred Buyers First Time Buyers Move-Up Buyers Move-On Buyers Move-Down Buyers Experienced Buyers

Luxury Buyers New Home Buyers Relocation Buyers Second Home Buyers Vacation Home Buyers Investment Buyers (Homes) Investment Buyers (Commercial)

About The Schmid Team
Here is our 14 Point Strategic Business Plan: Constancy of purpose ± Have a long-range goal Adopt a new philosophy ± Become a learning, adaptive team Be independent ± Only the customers and clients matter Demand quality ± Demand it of ourselves and of everyone who is part of our team Improve the process ± Search continually for problems and solutions Train ourselves to win ± Model the best in the industry and commit to training Institute leadership ± Lead ourselves and others by raising standards Drive out fear ± Encourage open communication at every moment Break down barriers ± Link our success to the success of everyone around us Eliminate exhortations ± Avoid self-praise and focus on improving quality Eliminate arbitrary targets ± Every goal should have a driving purpose Take pride in our work ± Ensure that every transaction is one we are proud of Encourage education ± Educate customers and clients about the process Commit to action ± Push every day for advancement in at least one area

We Look Forward To Hearing From You

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