Home Buyer Guide
coldwellbanker.com
Coldwell Banker®
Miguel Felix
520.612.4281 miguel.felix@cbrealty.com 2890 E Skyline Dr Ste 250 Tucson, AZ 85718
Miguel is an experienced and dedicated licensed Realtor® with over 15 years in the world of customer service. With a passion for helping clients achieve their dreams of home-ownership. Miguel brings a wealth of knowledge, professionalism, and exceptional communication skills to every transaction. He specializes in providing his clients with the largest market updates, buyer and seller guides, and marketing plans to ensure they make informed decisions throughout the buying or selling process. Whether you're a first-time home buyer, a seasoned investor, looking to up-size or downsize, Miguel has the expertise and knowledge to guide you through every step of the process. Miguel lives in Arizona with his wife, Dana, and his three sons: Miguel Jr, Dan, and Matthew. In his free time, he enjoys exercising, scuba diving, and most importantly, spending time with his wife and children. He aims to provide the highest level of service to his clients and takes deep pride in helping them achieve their real estate goals.
*Based on the 118-year history of the Coldwell Banker® brand and transaction longevity compared to other national real estate brands. {{team.Disclaimer: Consumer Facing}}
Buying a home is one of life’s biggest investments and most exciting adventures. I am your partner in the process, guiding you along the way to make your experience smooth and successful. This Home Buyer Guide includes helpful information to get you started: • Purchasing Process • The Power of Pre-Approval • Your Home Search • Full-Service Support
Your Search Begins
purchasing process
step by step
When you choose me to represent you, you’ll have someone by your side every step of the way, giving you the insights and information you need to have confidence in your decision. I will: •Meet with you to discuss your needs and goals, and to plan your property search •Help you get pre-approved and establish your budget •Show you properties that meet your criteria •Keep you informed of new properties that come on the market •Work with you until you find the right home •Help you determine your offer •Negotiate the offer and contract in your best interests •Facilitate the home inspection and resolution process •Prepare you for closing and the associated costs •Keep you updated on the progress of your transaction every step of the way
Your trusted advisor in the Process
the power of pre-approval
The first step in any home search is finding out exactly how much home you can afford and securing the financing to make the purchase. While you can get a rough estimate through pre-qualification, taking the extra step to obtain pre-approval will give you some added advantages. Pre-approval helps you: • Understand your financial condition • Know exactly how much home you can afford before you begin your home search • Strengthen your purchasing power when making an offer When you find a home you love and are ready to make an offer, your mortgage pre-approval lets the seller know that you’re serious and fully prepared to buy their home, putting you in a stronger position than other potential buyers.
Why PRE-APPROVAL Matters
The Pre-Approval Process Here are some of the documents that you will need to provide your lender to get the pre-approval process started: Income • Current pay stubs, usually for last two months • W-2s or 1099s, usually for last two years • Tax returns, usually for last two years Assets • Bank statements • Investments/brokerage firm statements • Net worth of businesses owned (if applicable) Debts • Credit card statements • Loan statements • Alimony/child support payments (if applicable)
your home search
Make your online home search easy with one website that gives you access to everything home buyers need. With coldwellbanker.com, you can: • Search all available MLS listings in your preferred location, based on preferences you specify • See the results of your search in map or list view • Look at multiple images and read full details about properties that interest you • Share your favorite properties with your friends via email or social media • Learn more about the home-buying process • Easily conduct your search from your mobile device, tablet or desktop through the site’s responsive design • Use the Coldwell Banker® Move Meter®, ranked the #1 most useful tool in real estate*, to get a side-by-side comparison of the cost of living, quality of life and even job market strength for your hometown vs. cities across the U.S.
ColdwellBanker.com
*September 2023 Ace Metrix consumer survey.
The more I know about the type of home you want, the better. Take a minute to think about the features your new home must have, as well as what you would ideally like it to have, so we can talk it over.
Features
Specify Your Preferences
Importance 1 – 5
Exterior
View
12345
Architectural Style
Swimming Pool
Deck/Patio
Garage
Lakefront
Interior
Floor Plan – Split
Room Sizes
Bedrooms
Bathrooms
Living Room
Family Room
Bonus/Game Room
Dining Room
Kitchen
General Interior Comments
Community/Location
Convenience to Employment
Convenience to Transportation
Convenience to Shopping
Convenience to Schools
Convenience to Daycare
Nearby Recreational Facilities
Near Police and Fire Protection
Appearance of Properties in Area
House Value Relative to Area
Home Preferences
There are many factors that influence the market value of a home. I will give you the insight and information you need to make an offer you’re comfortable with. Some of the factors to consider include: • How long the home has been on the market • If the price has been reduced • How much the home is worth – I will provide a comparable market analysis (CMA) showing the list and sale prices for similar homes in your area • If there are multiple offers • Other items that might be included in the sale (furniture, hot tub, etc.) • The “list to sale price ratio,” an indication of how competitive the market is for homes in this area • Why the seller is selling • Whether the seller is offering an assumable loan or financing Once the offer is written, I will present it to the seller’s agent. At that point the seller can accept your offer, reject it or counter it to start the negotiation process. I will work with you to plan a strategy to ensure the most advantageous terms and acceptable pricing for you and your budget.
making an offer
Closing on Your Home
Once your offer has been accepted, the closing process begins. Here are some of the typical steps involved. Home inspection – Most property sales are contingent on the results of a home inspection, which is paid for by the buyer. The inspection typically occurs within 10 days of offer acceptance, and includes a review of the home’s exterior elements like the roof, siding, trim and windows, as well as kitchen and bathroom fixtures and appliances, and major systems like heating and cooling, plumbing and electrical. If defects are discovered during the inspection, you may exercise the remedy described in your offer or negotiate with the seller to determine what repairs will be made. Title search – This is a historical review of all legal documents relating to ownership of the property to ensure that there are no claims against the title of the property. It is also recommended that you purchase title insurance in case the records contain errors or there are mistakes in the review process.
Appraisal – As a standard part of the mortgage process, your lender will order an appraisal report to ensure that the loan will be guaranteed by the home’s value. Final walk-through – If it’s requested in the contract, you’ll be given the chance to look at the home to make sure it’s in the same condition as when you signed the sales agreement. Closing costs – In addition to your deposit and down payment, there are a variety of other costs involved in closing including: • Loan origination fees, appraisals and reports • Surveys and inspections • Mortgage insurance • Hazard insurance • Taxes • Assessments • Title insurance, notary and escrow fees • Recording fees and stamps
full-service support
Coldwell Banker® is your trusted advisor in all aspects of the home-buying process. Our affiliations with primary service providers ensure that you receive complete assistance from beginning to end, giving you one-stop-shop convenience. Mortgage Services – Our preferred lender provides mortgages and features incredibly low rates, fantastic customer service and a fast, simple process. Warranty Services – American Home Shield® provides an extra measure of security that makes you feel more comfortable and confident in the purchase of your home. insurance Services – We can connect you with agencies that offer competitive rates on homeowners, condominium, renters, automobile, second home, vacant home and umbrella coverage. Commercial Services – Highly skilled Coldwell Banker Commercial® professionals offer a full spectrum of office, industrial, land, retail, multi-family and hospitality services. title Services – Title issues will be researched and resolved before the closing to help ensure your transaction closes smoothly and on time.
from start to finish
Your home-buying needs are one of a kind. Using the unmatched resources of the Coldwell Banker® brand, I will develop a custom plan to: • Provide you with proven, powerful and personal service • Help you find the right home and negotiate the best possible price and terms for it • Close the sale in a smooth, timely manner We are committed to your complete satisfaction, and will represent your interests with the utmost care, honesty, integrity and discretion. Let’s get started!
GETTING STARTED
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