Home Buyers Guide

ediuG s'reyuB emoH A
PEOPLE BEFORE PROPERTY
MissionStatement
We are committed to going to work for our
clients. We believe the only way to do that is to
focus on doing what's right - putting
People Before Property.
WWW.ROUNDTABLEREALTY.COM
904.469.SOLD (7653)
SINGLEAGENCY
Loyalty
Obedience
Full Disclosure
Confidentiality
Did you know that only a SINGLE AGENT

provides you with these four things?
Most people think they're getting these things with any Realtor
they work with.
Sometimes they're not.
Round Table Realty affords me the ability to work as a Single
Agent. That means that when the time calls for it, I can go to bat
for you. Occasionally, a situation requires me to work as a
Transaction Broker (the default Realtor in Florida), and I have
no problem doing that if it's in your best interest. Either way, you
can rest assured that my work ethic always remains the same.
Talk to me about it and start getting what you expect!
904.469.SOLD (7653)
KNOWBEFORE
Your Realtor should be an expert in the field
of Real Estate and also an expert in the field
of YOU!
Before you begin your home search, I want to
know at least the following things about you:
The timing and motivation of your move
Determining your needs and wants when it comes to
a new home
Your neighborhood/area of interest
The lifestyle you desire
The amount of money you expect to spend out-of-
pocket and where that money is coming from
Whether you're pre-approved via a lender or need
the name of a lender I trust
Your desired monthly payment
Buyer Checklist
OurBuyers
We take pride in serving our buyers with the absolute
best of the best in the business. Our brokers and
partnerships mean you not only get an expert Single
Agent Realtor, but access to a lot of other experts, too!
Lending Partnerships
In most cases, you should begin to secure financing before you
even start home-shopping! Luckily, I've spent years building
relationships with lenders who believe the client comes first. I can
lead you in the right direction.
Insurance Partnerships
Did you know homeowners insurance alone doesn't cover flood
damage? Did you know certain breeds of dogs aren't covered under
a traditional policy, either? I work with the best of the best in the
insurance world to ensure your home is insured long after we close.
We Hold Escrow
People Before Property means holding your binder (the money you
put down when your purchase offer is accepted). Should the sale fall
through, the seller could fight to keep that money. Holding your
escrow means you have the option to get that money back for free
via the state. No lawyers.
Legal Partnerships
Speaking of lawyers, I'm not a lawyer. But I know some incredible
attorneys throughout Jacksonville who make themselves available
to me when and if we need them!
904.469.SOLD (7653)
HOMEBUYINGOVERVIEW
Find a Single Agent
Realtor you trust.
Buyer Realtor/Buyer Realtor/Buyer
Obtain a Set up a Visit your

mortgage customized favorite
pre- home homes!
approval search. Narrow it
letter. down.
Realtor/Buyer Buyer Realtor/Buyer
Put down Complete

Make an
earnest appraisal,
offer and
money and under-
get ready
schedule writing, and
to
inspections. final walk-
negotiate!
through.
Close on your new

home!
*All days/times/orders of operation in this document are approximate and could change based on your transaction.
YOURPART
These 12 steps are the easiest way to walk you through your
part of a transaction once your offer is accepted.
Remember: you should already be pre-approved through a
reputable lender.
1
SIGN THE CONTRACT: Once all parties agree and sign/initial,
the contract is executed. Our timeline begins! You have 10
days to cancel the contract for any reason. I will set us up with
a calendar to keep everyone on task so no deadline is missed.
This is considered Day Zero in your timeline.
2
SUBMIT BINDER: Also called earnest money, this amount was
negotiated in the offer and is usually about 1% of the
purchase price, but can be higher. It is typically due within 2-3
days of the contract being executed.
COMPLETE FULL LOAN APPLICATION: Within 5 days of the

executed contract, you must finish applying with your lender.
3 Your lender will already have the contract from me. The
lender will ask for any outstanding paperwork or
documentation they need to complete the application. They
should also provide you with an estimated closing cost sheet.
(This could also be provided prior to making an offer to ensure
the dollars work for the monthly payment.)
SCHEDULE INSPECTIONS / SUBMIT REPAIR REQUEST: You
4
have 10 days to complete home inspections. Inspections
could include a general home inspection and a WDO (Wood
Destroying Organism), pool, or septic inspection if applicable.
You may use any certified licensed inspector to get the job
done and I can recommend one. Once inspections are
complete, we’ll review the inspector’s reports and request any
repairs in writing.
5
GET HOMEOWNERS INSURANCE : During the same 10 day
period, a buyer is to select homeowners insurance. Shop
around for the best quote and coverage. Your insurance
carrier will require your inspection reports. This insurance is
required by your lender.
YOURPART
6
NEGOTIATE REPAIRS: Once repairs have been submitted, we
have 7 days to negotiate and agree upon repairs. If no
agreement can be made, you have 3 days from the end of the
7 to cancel in writing.
7
REVIEW APPRAISAL : The lender will order the appraisal to
evaluate the value of your home. If the value is less than the
purchase price, a renegotiation of price could take place. If it
appraises for more—hooray! Instant equity!
GET LOAN APPROVAL AND CLEAR TO CLOSE: It’s imperative
8
to provide the lender and title company with any and all
documentation they request. Don’t change jobs, open new
credit cards (or close any cards/accounts!), buy a car -
anything that can affect your credit score. This is also when
you can set up your utilities and mail forward.
GET THOSE KEYS: Bring your driver’s license and any cash
9
needed to close. Each title company is different and may
require either a cashier’s check or money wire. Always call the
title company directly for instructions to avoid wire fraud.
*NEVER WIRE MONEY WITHOUT CALLING THE TITLE
COMPANY DIRECTLY AND TRIPLE-CHECKING THE WIRE
NUMBER!
10 MOVE IN: Call friends and order pizza for this one.
11
CHANGE DRIVER’S LICENSE / FILE HOMESTEAD EXEMPTION:
Once you get the deed from the title company, change your
driver’s license address and file homestead exemption on the
same day. Easy peasy.
12 THROW HOUSE WARMING PARTY:

I like parties....
MYPART
You have a lot to do and think about before we go to the
closing table. While you're doing your part, here's what my
part will look like:
20Realtor
Days Before Closing
checks to see that the title
company ordered the HOA estoppel
Realtor recommends home owners
insurance broker
Realtor helps buyer negotiate repairs
15 Days Before Closing

Realtor checks to see survey has
been ordered
Realtor affirms no open HOA
violations

Realtor sends title policy to buyer

Realtor asks title company
for ALTA, the final list of
fees and commissions.
MYPART
Realtor helps buyer set up mail
forward
Realtor request Escrow check

Realtor reminds buyer to turn on
utilities and forward mail
Realtor/Buyer review ALTA
1 Day Before Closing

Realtor picks up escrow check for
closing
Day of Closing
Realtor/Buyer have final walk
through and meet at title company
MORTGAGEOPTIONS
*All of the following mortgage information is general and
does not take into account specific situations. It is for
educational purposes only and does not guarantee a
mortgage loan.
Conventional Loan
Not insured or guaranteed by the government and
must adhere to conservative Fannie Mae/Freddie
Mac guidelines.
Minimum credit score of 620
Minimum down payment 3% for first-time
homebuyers, 5% for non
Max loan amount of $484,350
Great for people with high credit scores
because it typically means a lower rate, as
well as those purchasing as an investment
or vacation home
FHA Loan
Insured by the government with relatively lenient
guidelines
Minimum down payment 3.5%
Great for first-time homebuyers who are
looking to buy a primary residence.
MORTGAGEOPTIONS
*All of the following mortgage information is general and
does not take into account specific situations. It is for
educationally purposes only and does not guarantee a
mortgage loan.
VA Loan
Mortgage guaranteed by the U.S> Department of
Veteran Affairs, only available to certain active
military and veterans.
Minimum down payment 0
Great for qualifying active military and
veterans because of the low rates, limited
closing costs, and no monthly mortgage
insurance required.
USDA Loan
A mortgage guaranteed by the USDA and the home
must be located in an eligible rural area as defined
by the USDA.
Minimum down payment of $0
Max loan amount of $0
Great for first-time homebuyers who are
looking to buy a primary residence.
UNDERSTANDINGCOSTS
*All of the following information is general and does not
take into account specific situations. It is for educational
purposes only and does not guarantee a mortgage or sale.
Binder/Earnest Money
Money you agree to put down in order to confirm a
contract. This amount is negotiable and is always
credited towards the down payment or closing
costs.
Home Warranty
Insurance that covers the repair or replacement of
central air conditioning systems, central heating
systems, kitchen appliances, clothes washer and
dryer, plumbing system, electrical system, and roof
leaks.
Inspection Costs
Buyer covers the cost of getting an inspection within 10 days
of an executed contract. The inspection includes condition of
the home’s heating/air systems, interior plumbing and
electrical systems, the roof, attic and visible insulation, walls,
ceilings, floors, windows and doors, the foundation, and
basement and structural components. If repairs are
requests and approved by the seller, the buyer may be
responsible for the cost of another inspection to ensure
repairs were completed correctly.
904.469.SOLD (7653)
UNDERSTANDINGCOSTS
Repairs
The inspection report may uncover defects. The buyer
can elect to ask the seller to pay for repairs prior to
closing or to credit the buyer the amount repairs will
cost. Some loans and home owners insurance will
require repairs to completed prior closing.
Property Taxes
The county will do an assessment and the lender
provides an estimate, and the final annual taxes can
often be broken out into money payments lumped
in with the mortgage payment.
Home Owner's Insurance

This policy is bound prior to closing and is paid for
annually or monthly by the buyer after closing.
UNDERSTANDINGCOSTS
Title/Closing Company
The company that ensures you close on time and
that all parties' interests are protected. This is
where the ownership of the property is transferred
to you. Bring your closing costs check to the title
company on closing day as well as government
issued identification.
Closing Fees
Prepaid home owners insurance
Prepaid taxes (up to 6 months)
Prepaid HOA fees
Mortgage origination fee
Appraisal Fee
Title Fees
Total closing fees often fall within the range of 3-5%
of the total mortgage amount. Your Realtor should
help you negotiate and contract terms you need
including Sellers Concessions, which is the amount
a seller is willing to put towards your closing costs.
904.469.SOLD (7653)
AFTERCLOSING
Your Realtor should remain available

to you after closing to help you with
things like...
Offer you referrals for people like
handymen, contractors, cleaning
companies, landscaping,
painting/remodeling, and more
Answering post-closing questions like how
to file for Homestead Exemption
Provide information about when and how
your monthly payments will be charged
Answer many more questions you'll
undoubtedly have
Help your friends and family find their
perfect homes
Don't forget to leave your Realtor a

Zillow/Facebook review and let your
friends know about your experience!
904.469.SOLD (7653)
SALETYPES
purposes only and does not guarantee a sale.
Traditional Home Sale

Most common type of sale and usually
homes are in good condition
Home values are typically based on
market conditions
Mortgage is not "upside down"
Offer is usually accepted/rejected within
24 hours
Closing is often within 60 days
New Construction Sale

Built to your taste with warranties
included
Homes that are brand new, in process, or
built from scratch
Location usually determines cost per
square foot
Closing is usually within 6 months
904.469.SOLD (7653)
SALETYPES
purposes only and does not guarantee a sale.
Bank-Owned Sale
The bank owns this home because
someone defaulted on a loan
Usually priced below comparable homes
and is sold "as is"
Best financed with cash, conventional
loans, or FHA loans
Offers are accepted or rejected within 5
days
Banks require a 45 day closing
Short Sale
A home being sold for less than what is
owed to the bank after defaulting
Bank hires third party to value the
property
Bank must agree to the offer and can take
up to 60 days to accept or reject
Closing can take more than 4 months
904.469.SOLD (7653)
ConstantCommunication
Never guess or miss a real estate transaction deadline again!
Round Table Realty uses a client online portal to help you keep
your timelines clear. From the day an offer is accepted, both
buyers and sellers can log-in to keep track of the many steps and
details required of both parties!
904.469.SOLD (7653)
YOURNOTES
904.469.SOLD (7653)

Home Buyers Guide

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ediuG s'reyuB emoH A

PEOPLE BEFORE PROPERTY

clients. We believe the only way to do that is to

focus on doing what's right - putting

People Before Property.

Did you know that only a SINGLE AGENT

Buyer Realtor/Buyer Realtor/Buyer

Obtain a Set up a Visit your

Realtor/Buyer Buyer Realtor/Buyer

Put down Complete

Close on your new

COMPLETE FULL LOAN APPLICATION: Within 5 days of the

SCHEDULE INSPECTIONS / SUBMIT REPAIR REQUEST: You

GET LOAN APPROVAL AND CLEAR TO CLOSE: It’s imperative

12 THROW HOUSE WARMING PARTY:

15 Days Before Closing

10 Days Before Closing

3 Days Before Closing

2 Days Before Closing

1 Day Before Closing

Home Owner's Insurance

Your Realtor should remain available

Don't forget to leave your Realtor a

Traditional Home Sale

New Construction Sale

your timelines clear. From the day an offer is accepted, both

details required of both parties!

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