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THE HOMEBUYING PROCESS
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Created by

MYIA ST FLEUR

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SOHO ATLANTA REAL ESTATE reserves the right to make updates to its policies. When/if updates are made, they will be communicated through email, monthly newsletter and/or the weekly company meeting. Agents shall have seven days from notice to review changes and seek clarification. At the completion of the seven days, the changes will be deemed accepted.

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WELCOME TO THE FAMILY

Thank you for the opportunity to serve you as part of the SOHO ATLANTA REAL ESTATE Family! This manual was written to provide details on the brokerage policies and procedures, which are in addition to the requirements that each of us have according to the real estate license we were issued by the GA Real Estate Commission.

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Homebuyer Questionnaire

Please take a minute and help me by answering the questions in this workbook. Your feedback will provide information I can use to simplify your property search and save you time. If there are any details that aren’t addressed in the questions, feel free to add them.

Buyer Representation Contract

These forms will need to be completed to officially work together and for you to be protected by our brokerage, SOHO ATLANTA REAL ESTATE. It puts you in a position knowing that you have a professional real estate advisor working for you and your best interest.

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Home Search Packet

Includes the following: - Property Tour Feedback - Online Home Search Notes - Home Comparison Form

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The Loan Process

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Your Home Loan Toolkit

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Uniform Residential Loan Application (Form 1003)

The most updated version of the mort

Down Payment Assistance Programs

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The Closing Disclosure

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Rocket Mortgage - Preferred Lender

Now through December 31, Rocket Mortgage is offering our clients exclusive pricing. Upon qualification, you will receive 1% in lender credits. Plus, they will cover one principal and interest payment (up to $12,000) at closing.† Our preferred Banker: Kyle Hartford Executive Banker T (313) 545-1360 F (877) 680-4361 NMLS# 1866646 Let Kyle know I referred you.

American Eagle Mortgage - Preferred Lender

Your first home is the biggest investment of your life, and AEM is passionate about educating you. AEM makes you a financing and housing market expert so buying a home and planing your life is a snap. And they have loan products for every need, including: 3% Down Conventional Loans 3.5% Down FHA Loan 0% Down VA Loan 0% Down USDA Loan 1st and 2nd Mortgage Combination Various Mortgage Insurance Options 10% Down Jumbo Financing Family Gift Fund Programs Our Preferred Banker: Kelly Dover Area Sales Manager NMLS #221481 GA License # 26346 Click the link below to complete the application process.

Our Home Search Website

This our home search site that is updated every 15 minutes with the latest properties for sale. This way our clients are always on top of the market! Feel free to search and save listings.

The Purchase and Sale Agreement

Here is the sample contract paperwork we will need to fill out when making offers in Minnesota. They include the following: - Purchase Agreement - Arbitration Disclosure - Broker Compensation Disclosure - Affiliated Business Disclosure - Any Addendums (if needed) Please review these and let me know if you have any questions or if anything is unclear.

Contingencies to Consider When Submitting an Offer

When submitting an offer, there are (3) main contingencies to consider. Take a moment to read through - we will discuss each one so that you can make an informed decision when submitting an offer on a home.

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The Home Inspection

Seller's Property Disclosure Statement

The majority of homes being sold will have this form completed by the homeowners. You will get a chance to review this disclosure prior to writing an offer. This is where the sellers will put down any repairs, issues, etc that they know of. We attach this form to your offer when we present it to the listing agent.

Delivering the Closing Day You Deserve

There are a few things you need to know when it comes to closing costs and about the title process. Please consider using our trusted closing firm, Magnolia Title Solutions.

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The Settlement Statement

Filing Homestead Exemption

Generally, a homeowner is entitled to a homestead exemption on their home and land underneath provided the home was owned by the homeowner and was their legal residence as of January 1 of the taxable year. (O.C.G.A. § 48-5-40)

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