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For Buyers

  1. 1

    1. Phase One

    Understanding Your Wants & Needs
    What is your motivation to buy?
    What is your timeline to move?
    What are your ideal features and “non-negotiables” you can’t live without in your new
    home?
    What price range are you considering?
    Do you need to sell your current property to buy your next home?
    What are you looking for in a neighborhood? e.g. walkability, proximity to restaurants,
    school district, etc.
    Planning and Preparation
    Discuss wants/needs and entire process.
    Select a lender and begin loan approval process.
    Review interest rates and different options.
    Obtain loan approval letter (pre-approval letter).
    Sign exclusive buyer-broker agreement.


    Understanding the Market
    Analysis of active, pending and sold transactions.
    Personal timing and seasonal considerations.
    Market forces; supply vs. demand, sellers market vs. buyers market vs. balanced
    market.

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    1. Phase Two

    Finding Your New Home
    Search, browse and review available homes online.
    Notification of new homes for sale and off-market properties.
    Preview homes during broker preview for clients.
    Attend open houses.
    Set up private VIP viewings.


    Offers and Negotiation Strategies
    Learn about the Purchase Contract.
    Discuss multiple-offer techniques and strategies (as needed).
    Offer presentation and highlighting buyer (your) strengths.
    Negotiate to optimize price and terms.
    Review property report and anything affecting the title before making an offer.
    Acceptance of offer.

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    1. Phase Three

    Escrow Process
    Notify escrow of acceptance and send fully executed contract.
    Wire initial deposit (EMD) to escrow per terms of agreement.
    Notify lender to begin the loan details and order appraisal.
    Sign and return opening package of escrow instructions.
    Provide escrow with vesting (Title) information.


    Inspections and Disclosures
    Schedule all desired home inspections and termite report.
    Review all disclosures, reports and contractor’s estimates (if applicable).
    Provide list of scheduled maintenance plans to seller.
    Approve or negotiate repairs based on the inspection report(s).
    Review and approve preliminary tile report.
    Meet deadlines and remove contractual contingencies after above items are agreed
    upon.
    Schedule final walk-through of the home prior to close of escrow.

  4. 4

    Phase Four

    Closing
    Review final closing statement from escrow.
    Meet with escrow to sign loan documents with notary per state law.
    Arrange to wire the down payment and closing cost.
    Transfer all utilities to new your new home.
    Closing, key delivery and celebration!


    Working Together Again
    Staying in touch.
    Client appreciation events.
    Providing resources and introductions (painters, plumbers, etc.).
    Referrals, testimonials and reviews.
    Second homes and investment properties.
    Continuing relationship through service to maintain the home’s value.

Krissia Pena

First Choice Investments

6800 Indiana Ave Ste 110

Riverside, CA 92503


(951) 977-0709

[email protected]

©2019 All rights reserved. Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last updated September 29 at 6:21 am.