School Loans got you down?

By Jay Cermak, Realtor®

As a Realtor® and College Graduate I experience first hand how tough living with School Loans can be.  Having school loan payments over $1100 a month it's like paying a mortgage.

Common issue I hear these days is "I can never afford a house because of my school loans" it's very difficult to imagine owning a home when school loan payments are so high.

Well there is a solution to school loan debt overwhelming you!  The Law Offices of Paul Krasker have a division dedicated to helping you with federal school loan debt using the governmental loan forgiveness program.


While The J Team Fort Lauderdale is in Florida this program can help in most every state!  The J team's primary mission is homeownership for everyone!  Being affected by school loans ourselves this program has helped many of our team members.

Don't Let Student Loan Debt hold you back any longer.  Contact Krasker Law Student Law Department by calling 855-379-3999  and tell them The J Team Fort Lauderdale sent you!

Once approved by the loan forgiveness program your school monthly payment may be significantly reduced allowing you to qualify for a mortgage.  So instead of paying $1100 a month your loan payment could be slashed in half and leave you $550 a month to use towards a mortgage.  That is Just an example call Krasker Law Student Loans today and see what they can do for you.

Please note the program they help you file for is for federal loans only.  The J Team Fort Lauderdale and Krasker Law Student Loans are committed to Solutions for all!  

There are a wide range of programs that can help you from school loan debt to credit repair!  The J Team truly believes there is a solution for every issue holding you back!  Just contact us today and we will help you find a solution that works!

The J Team Fort Lauderdale at Keller Williams Realty can be reached at 954.235.3589 or visit www.JTeamFL.com and search for Fort Lauderdale Homes now!





Which Color Combinations Go Well Together In Staging?

Which Color Combinations Go Well Together In Staging?

Posted in Staging Tips, by  on December 22, 2014

By Lindsey Schroeder

phpRO0MbcAMConventional wisdom says to paint everything white when a home is up for resale — but savvy sellers know color can actually be a smart staging tool.

A well-chosen color scheme in furniture and décor can do more than add appeal to rooms — it can evoke strong emotional responses. Potential buyers may find themselves drawn to a home with restful tones in the bedrooms, for example, and with unified access throughout.

Consider these tips for using color combinations in staging:

1. Keep the colors cohesive:All the rooms don’t have to match, but do try to keep a unified sense of style throughout the kitchen, bedrooms, bathrooms, and living areas. Paint the largest spaces soft, neutral hues and use accent colors in smaller spaces — with nods to bolder colors throughout. Match all the molding with a bright white color, or use complementary decorating accessories in all the main living areas in order to create an open sense of flow.

2. Use red color schemes to energize, blues to calm: Red is a bold, invigorating color best used in spaces where activity takes place — the kitchen or the dining room, for example. Blues, on the other hand, work well in spaces where buyers will want to find rest, like bedrooms and bathrooms.

3. Think green for trendy impact: Popular today as nature’s neutral, green is hot in staging because it goes with everything from bold yellows to muted grays. Use it in small doses throughout a home — think throw pillows, accent walls or artwork — to enliven drab spaces.

When staging, remember that colors create a sense of style. Choose tones that evoke the responses and feelings you’re going for — and help home buyers fall in love with a property.

How do you use color in staging to draw buyers in?


Schedule your Real Estate Consultation with The J Team Fort Lauderdale at Keller Williams Realy!  Find out value of your Fort Lauderdale Home at http://thejteam.kwrealty.com/sell


Seasons Greetings from The J Team

Gifts of time and love are surely the basic ingredients of a truly merry Christmas. 

Such a great holiday quote.  Christmas time is a time we at The J Team like to reflect on our past year, spend time with Our Families and be grateful for all that we have.

If you are reading this...Thank you for joining us on this Journey called Life.  Your home is typically your largest asset you own and you want to ensure you choose a Real Estate team who will care for you and your home whatever your needs may be.

The J Team Fort Lauderdale at Keller Williams Realty's greatest assett is our Hearts.  We care for each and every one of you to have a nice home and most important to help with the two greatest needs: Shelter and Acceptance no matter who you are.

Merry Christmas and Happy New Year...our goal is to keep the spirit of Christmas year round and make a difference in as many lives we can.

To Learn more about The J Team Fort Lauderdale or to find solutions for your Real Estate needs visit us at http://www.JaySellsFortLauderdale.us today!

Get your Fort Lauderdale Home Value at http://TheJTeam.KWRealty.com

 

The REAL Reasons Americans Buy a Home

The REAL Reasons Americans Buy a Home

By The KCM Crew

The REAL Reasons Americans Buy a Home | Keeping Current Matters

Last week, we reported on the financial reasons that the New York Times felt that homeownership was important. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership.

There’s No Place Like Home

The top 4 reasons to own a home cited by respondents were not financial.

1. It means having a good place to raise children & provide them with a good education

From the best neighborhoods to the best school districts, even those without children at the time of purchasing their home, may have this in the back of their mind as a major reason for choosing the location of the home that they purchase.

2. You have a physical structure where you & your family feel safe

It is no surprise that having a place to call home with all that means in comfort and security is the #2 reason.

3. It allows you to have more space for your family

Whether your family is expanding, or an older family member is moving in, having a home that fits your needs is a close third on the list.

4. It gives you control over what you do with your living space, like renovations and updates

Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you can’t in your own home?

The 5th reason on the list, is the #1 financial reason to buy a home as seen by respondents:

5. Owning a home is a good way to build up wealth that can be passed along to my family

Either way you are paying a mortgage. Why not lock in your housing expense now with an investment that will build equity that you can borrow against in the future?

Bottom Line

Whether you are a first time homebuyer or a move-up buyer who wants to start a new chapter in their life, the holiday season is a great time to reflect on the intangible factors that make a house a home.

Contact The J Team Fort Lauderdale at Keller Williams Realty today for all of your real estate needs!  Fort Lauderdale Homes for sale are available simply visiting http://www.JaySellsFortLauderdale.us


Home Values today Compared to 2006-2007

Home Values Compared to the Peak of 2006-2007

By The KCM Crew

Home Values Compared to the Peak of 2006-2007 | Keeping Current Matters

There is no doubt that the housing market has recovered from the meltdown that occurred just a few short years ago. However, in some states home values still have not returned to the prices we saw in 2006 and 2007. Here is a breakdown showing where current prices are in each state as compared to peak prices.

Home prices are going back up, estimated by 2018 we will be back at 2006-2007 prices.  Some states are already there!  To find out what your home is worth contact The J Team!  Visit http://TheJteam.KWRealty.com/sell for your home value Market Analysis!


2015: The Return of the Millennial Home Buyer

2015: The Return of the Millennial Home Buyer

by The KCM Crew
2015: The Return of the Millennial Home Buyer | Keeping Current Matters
Earlier this month, Zillow predicted that millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old) by the end of 2015. Dr. Stan Humphries, Zillow Chief Economist, explained:
"Roughly 42 percent of millennials say they want to buy a home in the next one to five years, compared to just 31 percent of Generation X, and by the end of 2015 millennials will become the largest home-buying age group. The lack of home-buying activity from millennials thus far is decidedly not because this generation isn't interested in homeownership, but instead because younger Americans have been delaying getting married and having children, two key drivers in the decision to buy that first home. As this generation matures, they will become a home-buying force to be reckoned with."
Two days later, Realtor.com also projected that Millennials will be a driving force in the housing market next year. In their 2015 Housing Forecast, they claim:
“Households headed by millennials will see significant growth as a reflection of economic gains. Millennials will also drive two-thirds of household formations over the next five years. Next year's addition of 2.75 million jobs and increased household formation will be the two key factors driving first-time buyer sales.” 

Has the Millennial Home Buyer already re-entered the market?

AEI’s International Center on Housing Risk also released their first First-Time Buyer Mortgage Share Index this month. The report revealed that the percentage of first time home buyers may have been underestimated in 2014. According to the report, the percentage of first time buyers “averaged an estimated 46 percent over the 12 months ending October 2014”.
That number far exceeds other numbers reported by the National Association of Realtors and others.

Bottom Line

The Millennial generation is growing up, finding jobs, getting married and starting families. Homeownership will definitely be the next step.

Contact The J Team at Keller Williams Realty today for your Buyers Consultation where we will educate you about the buying process, conduct a needs analysis to discuss your needs and provide solutions to any challenges that are holding you back from buying!  954.235.3589 or visit http://www.jaysellsfortlauderdale.us

Do You Fit the Description of the Typical First Time Homebuyer?

Do You Fit the Description of the Typical First Time Homebuyer?

By The KCM Crew

Do You Fit the Description of the Typical First Time Homebuyer? | Keeping Current Matters

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current income would never enable them to qualify for a mortgage.

We want to share what the typical first time homebuyer actually looks like based on the National Association of REALTORS most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first time buyer:

First Time Homebuyers Profile | Keeping Current Matters

Bottom Line

You may not be much different than many people who have already purchased their first home.

Contact The J Team at Keller Williams Realty in Fort Lauderdale Florida today for your buyers consultation!





Two great reasons to Buy not Rent


There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. Based on a recent study, here are two reasons buying a home might make more sense:

Contact the J team today to schedule your free buyers consultation!  954.235.3589 or visit http://www.JaySellsFortLauderdale.us



New York Times: Homeownership is Best Way To Build Wealth

New York Times: Homeownership is Best Way To Build Wealth

By The KCM Crew

New York Times: Homeownership is Best Way To Build Wealth | Keeping Current Matters

The New York Times recently published an editorial entitled, Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment.

The article explains:

“Homeownership long has been central to Americans’ ability to amass wealth; even with the substantial decline in wealth after the housing bust, the net worth of homeowners over time has significantly outpaced that of renters, who tend as a group to accumulate little if any wealth.”

Many of the points that were made in the article are on track with the research that the Federal Reserve has also conducted in their Survey of Consumer Finances.

The study found that the average net worth of a homeowner ($194,500) is 36x greater than that of a renter ($5,400).

The article explains:

“Homeownership long has been central to Americans’ ability to amass wealth; even with the substantial decline in wealth after the housing bust, the net worth of homeowners over time has significantly outpaced that of renters, who tend as a group to accumulate little if any wealth.”

Many of the points that were made in the article are on track with the research that the Federal Reserve has also conducted in their Survey of Consumer Finances.

The study found that the average net worth of a homeowner ($194,500) is 36x greater than that of a renter ($5,400).

Contact The J Team at 954.235.3589 or visit http://www.JaySellsFortLauderdale.us 


Winter Maintenance Tips to Keep Homeowners Comfortable — and Safe — This Winter

Winter Maintenance Tips to Keep Homeowners Comfortable — and Safe — This Winter


American Home Shield recently released five important tips to remind homeowners to take preventative maintenance steps and other precautions to help keep their homes cozy — and safe — this winter.

Heating system and air filters - It is always a good idea to have heating systems professionally serviced every year. Also filters should be checked monthly and replaced if needed, and system exhaust vents should be inspected for rust, damage or any corrosion.

Seals and openings - Check to make sure your doors and windows are properly sealed so heat does not escape. Inspect caulking and weather stripping around openings for wear and tear, and replace if necessary.

Plumbing - Burst water pipes can cause expensive damage. Take time now to wrap outside pipes that might be exposed to extreme temperatures. Review the locations for the main water and fuel shut-off valves with all members of your household.

Water Heaters - Test your water heater’s pressure relief valve once a year to make sure it is not clogged and is working safely. This is also a good time to check the tank for leaks or corrosion, and to flush it per manufacturer’s instructions to eliminate sediment build-up. Inspect your water heater pipes to make sure they are properly insulated, and that no insulation has come loose.

Have a plan – When you own a home, you know that things are going to break down – and when it happens, it is important to know who to call. A home warranty is a great way to protect your budget against costly repairs, and save yourself the time and hassle of finding a qualified professional to get major systems and appliances up and running again.

Find out what your home is worth...visit http://thejteam.kwrealty.com/sell


Confusing Real Estate News? An Agent can help

Confusing Real Estate News? An Agent Can Help

By The KCM Crew

Confusing Real Estate News? An Agent Can Help | Keeping Current Matters

Below are the headlines from three separate news releases issued over a one month period:

11/3/2014 - Millions of Potential New Households Waiting Out the Recovery

11/11/2014 - Experts: First-Time Homebuyers' Weak Finances Holding Back Housing Market

And then, the contrarian view:

12/2/2014 - In 2015, Millennials Will Be Biggest Home Buying Group

It sure seems that the group that released the first two stories emphatically disagrees with the organization that published the last news release.

Amazingly, the same entity published all three reports. What?

It seems the company (a well-respected provider of housing information) reported that those forming new households are not looking to buy a home. They actually surveyed over one hundred housing experts who agreed. But 30 days later, they reported that millennials (most new households) will be the biggest group of home buyers this year. All in one month!!

All the headlines could actually be true. However, a consumer reading them might be misled. This is evidence of how difficult it is to actually understand the intricacies of today’s housing market. Even the experts can seem confused.

Bottom Line

If you are thinking of either buying or selling a home, it is probably best to engage a local real estate professional to help you successfully navigate the ins-and-outs of today’s real estate transaction.

The J Team understands how overwhelming the information is regarding buying a home.  We offer a consultation to help explain the reality of the local market and areas you are interested in moving too. Contact The J Team today for your Real Estate consultation at 954.235.3589 or visit http://www.JayCermak.us

 

Rent Increases Expected to Continue through 2015

Rent Increases Expected to Continue through 2015

By The KCM Crew

Rent Increases Expected to Continue through 2015 | Keeping Current Matters

CNBC’s Diana Olick recently reported that rents in the residential housing sector continued to rise in 2014. She interviewed Jed Kolko, Chief Economist at Trulia,who revealed:

"Rents are rising because of strong demand that supply hasn't kept up with. Nearly all the new households are renters, and young people moving out of their parents' homes will keep fueling rental demand."

Where are rents headed in 2015?

The question now is where rents will be heading over the next twelve months. In a press release last week, Zillow chief economist Dr. Stan Humphries predicted residential rental prices will continue to climb in 2015:

"Home value appreciation will continue to cool down, from roughly 6 percent now to around 2.5 percent by the end of 2015. But rents will see no such slowdown, and will continue to grow around 3.5 percent annually throughout 2015. As renters' costs keep going up, I expect the allure of fixed mortgage payments and a more stable housing market will entice many more otherwise content renters into the housing market."

However, those potential buyers must make a decision quickly because, as Kolko explains:

“Paying more on rent makes it harder for would-be homebuyers to save for a down payment."

Bottom Line

Ryan Severino, a senior economist at Reis, in Olick’s article stated the obvious:

"Landlords should still be able to push asking rent increases on to their tenants."

If you are thinking about buying a home in 2015 instead of continuing to rent, it probably makes sense.  Contact The J Team today at http://www.JayCermak.us or call us at 954-235-3589



Will an Increase in Interest Rates Crush Home Prices?

Will an Increase in Interest Rates Crush Home Prices?

By The KCM Crew

Will an Increase in Interest Rates Crush Home Prices? | Keeping Current Matters

There are some who are calling for a substantial drop in home prices should mortgage interest rates begin to rise rapidly. Intuitively that makes sense. The cost of a home is determined by the price of the home and the price of financing that home. If mortgage interest rates increase, less people will be able to buy. The logic says prices will fall if demand decreases.

However, history shows us that this has not been the case the last four times mortgage interest rates dramatically increased.

Here is a graph showing what actually did happen:


We will have to wait and see what happens as we move forward. But, a fall in prices should rates go up is not guaranteed.

If you would like to discuss your Real Estate needs contact The J Team at Keller Williams Realty Professionals today!  www.JayCermak.us


The Real Estate Market Has Turned The Corner

The Real Estate Market Has Turned The Corner

By the KCM Crew

The Real Estate Martket Has Turned The Corner | Keeping Current Matters

As we finish 2014, it appears the real estate market is once again on solid footing and ready to advance forward over the next few years. The strength of the market can be viewed using two metrics: projected home values and projected house sales.

We recently reported that the Home Price Expectation Survey revealed future home values will continue to appreciate nicely. Today we want to look at projections on the number of home sales (existing and new construction) we will see over the next two years. We researched what the National Association of Realtors (NAR), Freddie Mac and the Mortgage Bankers’ Association(MBA) are projecting for the housing industry going forward.

Here is what we found:

The Real Estate Market Has Turned The Corner | Keeping Current Matters

All three entities see the number of home sales increasing in both 2015 and 2016. This is further proof the housing market is back.

Contact The J Team today for a Real Estate Consultation.  www.JayCermak.us


Sales Up in almost Every Price Range

Sales Up in almost Every Price Range

By The KCM Crew

Sales Up in Almost Every Price Range | Keeping Current Matters

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-6%). Every other category showed a minimum increase of at least 9.7%.

Here is the breakdown:

Sales Up in almost Every Price Range | Keeping Current Matters

What does that mean to you if you are selling? 

Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit with your agent and see if it is priced appropriately to compete in today’s market.

Contact The J Team today for your Sellers Consultation at www.TheJTeam.KWRealty.com/sell


Home Prices Continue to Rise

 Home Prices Continue to Rise
By The KCM Crew

Home Prices Continue to Rise | Keeping Current Matters

“Broad-based Slowdown for Home Prices”

That is a headline you might have seen over the past weekend. And though it is true, we must understand the story behind the headline. Case Shiller reports on the year-over-year difference in home values. Their latest report revealed that the rate of appreciation has slowed – not that prices are falling!!Here is exactly what they said:

“The 20-City Composite gained 4.9% year-over-year, compared to 5.6% in August.”

Prices are still up this month over last year’s values (4.9%) just not as much as they were last month (5.6%).

Home Prices are NOT Falling.

As a matter of fact, the latest Home Price Expectation Survey by Pulsenomics (a survey of a nationwide panel of over one hundred economists, real estate experts and investment & market strategists) showed that home prices will continue to appreciate for the next several years.

Home Price Expectation Survey Projected Prices | Keeping Current Matters

Bottom Line

Both first time buyers and families thinking of moving-up to their dream home can be assured that their investment in their new home makes sense.

Thinking of Buying or Selling a Home?  The J Team at Keller Williams Realty is committed to helping you buy and sell in Fort Lauderdale, Florida!  Visit: www.JayCermak.us today!


NAR’s November Existing Home Sales Report [INFOGRAPHIC]

Home prices are up and Real Estate sales still happen.  Now is a great time to sell or buy while interest rates are still low!

Thinking of buying or selling contact The J Team at Keller Williams Realty today!

Freddie Mac: Buy Sooner Rather than Later

Freddie Mac: Buy Sooner Rather than Later

By The KCM Crew


Freddie Mac: Buy Sooner Rather than Later | Keeping Current Matters

In a recent video update on the housing market, Frank Nothaft, Freddie Mac’s chief economist, stated that with both mortgage interest rates and home prices projected to increase in 2015 buying now makes sense.

“If you are planning to buy a home in the next year, it’s better to do it sooner rather than later.”

Here are the latest mortgage interest rate projections from four major housing entities: Fannie MaeFreddie Mac, the Mortgage Bankers Association (MBA) and the National Association of Realtors (NAR):

Mortgage Rate Projections | Keeping Current Matters

Thinking of Selling & Moving Up?

This advice isn’t limited to just the first-time buyer. If you are considering moving up to the home your family has always wanted, waiting also makes no sense.

Contact The J Team at Keller Williams today at www.JayCermak.us!



Critical Role of a REALTOR®

As a team of Realtors® it is sometimes hard to begin to explain everything that we do.  I understand not every agent does the same thing.  The J Team at Keller Williams Realty strives to provide outstanding customer service and ensure a win-win in as many real estate transactions as possible.  Check out this information published by the National Association of REALTOR®:

The Critical Role of the REALTOR® in the Real Estate Transaction
 
Below is a list of more than 230 possible actions, research steps, procedures, processes, and review stages that a REALTOR® may provide in a typical, successful residential real estate transaction. 
 
As residential real estate transactions can vary, each action, step, or process may not be mandatory in every residential transaction. However, this list underscores the importance of having the help and guidance of a professional who understands the residential real estate sales process.
 
REALTORS® are members of the National Association of REALTORS® and pledge to uphold the stringent, enforceable tenets of the REALTOR® Code of Ethics in their professional dealings with the public. 
 
Seller(s)’ Representation
 
Pre-listing Activities
  1. Contact property owner(s) and make appointment with seller(s) for listing presentation.
  2. Send seller(s) confirmation of listing appointment and call to confirm.
  3. Review pre-appointment questions.
  4. Research appropriate sampling of currently listed comparable properties (i.e., appropriate by property type, price range, and location).
  5. Research trends and sales activity for an appropriate period (past three to six months is recommended) from MLS and public records databases.
  6. Research "average days on market” for the property type, price range, and location.
  7. Download and review property tax roll information.
  8. Research property’s public record information for ownership and deed type.
  9. Research property’s public record information for lot size and dimensions.
  10. Research and verify legal description.
  11. Research property’s land use coding and deed restrictions.
  12. Research property’s current use and zoning.
  13. Ascertain need for lead-based paint disclosure.
  14. Prepare market analysis to establish broker opinion of value.
  15. Prepare listing-presentation package with above materials.
  16. Perform exterior "curb-appeal assessment” of subject property.
  17. Verify public-school zoning and discuss with the seller(s) the impact of school districts on market value determination.
  18. Review listing-appointment checklist to verify that all steps and actions have been completed.
Listing-appointment Presentation Activities
  1. Review broker’s and company’s credentials and accomplishments in the market with seller(s).
  2. Present company’s profile and position of "niche” in the marketplace.
  3. Give seller(s) an overview and projections of current market conditions.
  4. Present market analysis results to seller(s), including sold comparables, current listings, and expired.
  5. Offer pricing strategy based on professional judgment and interpretation of current market conditions.
  6. Discuss goals with seller(s) to market effectively.
  7. Explain marketing power and benefits of the MLS.
  8. Explain the different marketing options and their effectiveness.
  9. Explain work the brokerage does "behind the scenes” and the broker’s availability on weekends.
  10. Explain brokerages role in taking calls to screen for qualified buyers and to protect seller(s) from curiosity seekers.
  11. Present and discuss strategic master marketing plan.
  12. Review results of curb-appeal assessment with seller(s) and provide suggestions to improve sale-ability.
  13. Research and verify city sewer/septic tank systems. Verify when property’s septic system was last pumped or inspected.
  14. Well water: Confirm well status, depth, and output from third-party well report.
  15. Natural gas: Research/verify the availability of natural gas and supplier’s name and phone number.
  16. Verify security system, current term of service, and determine if it’s owned or leased.
  17. Verify if seller(s) has transferable termite bond – obtain a copy of the terms and conditions of bond that may be available to buyer(s).
  18. Discuss home-warranty program with homeowner.
  19. Verify if property has rental units involved.
  20. Make copies of all leases for retention in listing file.
  21. Verify all rents and all deposits.
  22. Assess interior décor and suggest changes.
  23. Prepare net sheet for seller(s).
  24. Review accuracy of current title information with sellers. (If possible, obtain copies of seller(s)’ deed, owner’s title insurance policy, and most-recent survey.)
  25. Verify names of owner(s) as they appear in county’s public property records.
  26. Verify with seller(s) if there are any outstanding or expired construction permits or if any changes have been made to the property since the seller(s) purchased the property.
  27. Obtain copy of current Title Insurance Policy.
  28. Complete listing contract and addenda (using names of seller(s) as they appear on deed or title policy). Obtain seller(s)’ signature(s) on the listing agreement and return a signed copy of the listing contract to the seller(s).  (If property is jointly owned, all owners should sign listing agreement.)
  29. Review with seller(s) the standard closing costs and pro-rations typical to the HUD statements.
  30. Obtain seller(s)’ permission to use a lock box.
  31. Measure interior room sizes.
  32. Confirm lot size via owner’s copy of certified survey, if available.
  33. Note any and all unrecorded property lines, agreements, and easements that are known to the seller if they are not otherwise noted.
  34. Obtain house plans, if applicable and available.
  35. Review house plans and make a copy.
Post-listing Activities
  1. Compile and assemble formal file on property.
  2. Obtain copy of subdivision plat/complex layout.
  3. Verify with seller(s) if there are any outstanding or expired construction permits or if any changes have been made to the property since the seller(s) purchased the property.
  4. Obtain copy of current title insurance policy.
  5. Provide seller(s) with a copy of a blank sales contract to review in preparation of their receipt of an offer.
  6. Inform tenants of listing and discuss how showings will be handled.
  7. Arrange for installation of yard sign.
  8. Have seller(s) complete the seller(s)’ disclosure form.
Listing Activities
  1. Order plat map for retention in property’s listing file.
  2. Prepare showing instructions for buyer(s)’ broker and agree on showing-time window with seller(s).
  3. Install electronic lock box and program the lock box with agreed-upon showing-time windows.
  4. Obtain current mortgage loan(s) information: companies and loan account numbers.
  5. Verify current loan information with lender(s).
  6. Identify homeowner association manager, if applicable.
  7. Verify homeowner association fees and pending or unpaid assessments with homeowner association manager.
  8. Research electricity availability and supplier’s name and phone number.
  9. Prepare detailed list of property amenities and assess market impact.
  10. Prepare detailed list of property’s "inclusions and conveyances with sale.”
  11. Compile list of completed repairs and maintenance items.
  12. Explain benefits of homeowner warranty to seller(s).
  13. Assist sellers with completion and submission of homeowner-warranty application.
  14. Place homeowner warranty in property file for conveyance at time of sale.
  15. Make extra key for lockbox.
  16. Place a copy of the seller(s)’ completed disclosure form in the property file.
  17. Arrange for interior and exterior photos to be taken for MLS listing.
  18. Arrange for creation of a virtual tour if one will be used in marketing the property.
  19. Complete a new-listing checklist.
  20. Enter listing into office records and/or create listing file. 
MLS-related Activities
  1. Prepare "MLS profile sheet.” (Listing broker is responsible for "quality control” and accuracy of listing data).
  2. Enter property data from profile sheet into MLS listing database.
  3. Proofread MLS database listing for accuracy, including proper placement in mapping function.
  4. Take additional photos of the property to upload into MLS and for use in flyers.
  5. Provide seller(s) with a copy of the MLS profile sheet data form.
  6. Add property to company’s active listings list.
Marketing and Showing Activities
  1. Create print and Internet ads with seller(s)’ input and approval.
  2. Provide "special feature” cards for marketing, if applicable.
  3. Submit ads to company’s participating Internet real estate sites
  4. Reprint/supply brochures promptly as needed.
  5. Create QR codes.
  6. Prepare mailing and contact list.
  7. Generate mail-merge letters to contact list.
  8. Order "just listed” labels and reports.
  9. Prepare flyers.
  10. Prepare property marketing brochure for seller(s)’ review.
  11. Order an appropriate quantity of marketing brochures or flyers.
  12. E-mail marketing material to brokers and agents with marketing material.
  13. Upload listing to company and broker’s Internet site, if applicable.
  14. Mail out "just listed” notice to all neighborhood residents.
  15. Inform Network Referral Program of listing.
  16. Coordinate showings with owners, tenants, and other REALTORS®. Return all calls promptly (weekends included).
  17. Provide showing time comments and feedback to seller(s) and recommend changes according to potential buyer comments.
  18. Review comparable MLS listings and new trends regularly to verify property remains competitive in price, terms, conditions, and availability.
  19. Provide marketing data to buyers coming through international relocation networks.
  20. Provide marketing data to buyers coming from referral network.
  21. Convey price changes promptly to all Internet groups.
  22. Request feedback from buyers’ brokers after showings.
  23. Review weekly market study reports.
  24. Discuss feedback from showing sales associates with seller(s) to determine if changes will accelerate the sale.
  25. Call seller(s) weekly to discuss marketing and pricing.
  26. Promptly enter price changes in MLS listing database.
Offer and Contract Activities
  1. Verify proper licensure of buyer’s broker and salesperson.
  2. Obtain a signed and dated verification that escrow deposit was delivered to escrow agency.
  3. Receive and review all offer to purchase contracts submitted by buyers or buyers’ brokers.
  4. Evaluate offer(s) and prepare a "net sheet” on each offer, for the seller(s) to make comparisons.
  5. Review offers with seller(s) and review merits and weaknesses of each component of each offer.
  6. Contact buyers’ broker to review buyer(s)’ qualifications and discuss offer.
  7. Provide seller(s)’ disclosure to buyer(s)’ broker or buyer upon request (prior to offer if possible).
  8. Confirm buyer(s) is pre-approved by contacting lender.
  9. Obtain a copy of the buyer(s)’ pre-approval letter from lender.
  10. Negotiate all offers and counteroffers on seller(s)’ behalf.
  11. Prepare and convey any counteroffers, acceptance, or amendments to buyer(s)’ broker.
  12. When offer to purchase is accepted and signed by seller(s) ("contract”), deliver contract to selling/buyer(s)’ broker or if none, to buyer(s).
  13. Verify contract is signed by all parties.
  14. Provide copies of the contract and all addenda to closing attorney and the title company.
  15. Record and promptly deposit buyer(s)’ earnest money with escrow agent.
  16. Disseminate "under-contract showing restrictions” as seller(s) requests.
  17. Deliver copies of signed contract to seller(s).
  18. Provide copies of contract to lender.
  19. Inform seller(s) how to handle additional offers to purchase submitted between effective date of contract and closing.
  20. Change status in MLS to "sale pending”.
  21. Update listing file to show "sale pending”.
Loan-process Activities
  1. Contact buyer(s)’ lender weekly to verify processing is on track.
  2. Follow buyer(s)’ loan processing through to the underwriter.
  3. Relay final approval of buyer(s)’ loan application to seller(s).
Home-inspection Activities
  1. Coordinate buyer(s)’ professional home and termite (WDO) inspections with seller(s).
  2.  If property is vacant, arrange for power and water to be turned on.
  3. Review home inspector’s report and WDO report with seller(s) and discuss issues and options, if needed.
  4. Enter home inspection WDO inspection completion into listing file.
  5. Verify seller(s)’ compliance with home inspection report and WDO report repair requirements.
  6. Recommend or assist seller(s) with identifying trustworthy contractors to perform any required repairs.
  7. Obtain copies of repair bills showing seller(s) has made required repairs.
  8. Coordinate entry into the property and buyer’s review of completed repairs, if needed.
Appraisal Activities
  1. Make arrangements for appraiser to enter property.
  2. Follow-up on appraisal.
  3. Enter appraisal completion into listing file.
  4. Discuss appraisal report with seller(s) and suggest options, if necessary.
Closing-preparation Activities
  1. Distribute signed contracts to all involved parties (buyer, seller(s), title company, lender, seller(s)/buyer(s) broker, closing agent) and provide contact information as needed.
  2. Coordinate closing process with buyer(s)’ broker and lender.
  3. Update closing forms and files.
  4. Confirm location, date, and time where closing will be held and notify all parties.
  5. Confirm with closing agent that all title problems have been resolved.
  6. Confirm that the seller has the proper Power of Attorney or trust documents, as required.
  7. Work with buyer(s)’ broker in scheduling and conducting buyer(s)’ final walk-through prior to closing.
  8. Confirm with closing agent that all tax, HOA, utility, and other applicable pro-rations have been resolved.
  9. Request final closing figures from closing agent.
  10. Review closing figures on HUD statement with seller(s) to verify accuracy of preparation.
  11. Forward verified closing figures to buyer(s)’ broker and confirm buyer(s)’ broker has received and reviewed closing figures.
  12. Confirm buyer(s) and Buyer(s)’ broker has received title insurance commitment.
  13. Provide homeowners warranty for availability at closing.
  14. Recommend courtesy closing agent for absentee seller(s), as needed.
  15. Review closing documents with seller(s) and their counsel.
  16. Provide earnest money deposit check from escrow account to closing agent. If closing agent is holding escrow funds make sure it appears on the final HUD.
  17. Coordinate this closing with seller(s)’ next purchase and resolve any timing problems, if applicable.
  18. Confirm seller(s)’ net proceeds check at closing.
After-closing Activities
  1. Provide REALTOR® referral information for seller(s)’ relocation destination, if applicable.
  2. Change MLS status to "sold.” Enter sale date, price, selling broker, and listing broker’s ID numbers, etc.
  3. Close out listing in company files.
  4. Follow up with seller(s).
Buyers(s)’ Representation
Buyer(s)-presentation Activities
  1. Respond to prospective buyer(s) inquiries.
  2. Interview the buyer(s) prospect and obtain buyer(s) personal information and explain the homebuying process.
  3. Determine if REALTOR® has a conflicting brokerage relationship or other conflict of interest with the buyer(s).
  4. Discuss the pre-approval financial process with the buyer(s).
  5. Suggest at least three mortgage lenders to assist buyer(s) in becoming pre-approved.
  6.  Determine through discovery the buyer(s)’ preferences in a home as well as the location, price, size, type of home, special needs, and ADA accommodations etc.
Pre-contract Activities
  1. Obtain and review pre-approval letter from lender.
  2. Search the MLS for properties that meet the buyer(s)’ criteria.
  3. Make appointments with seller(s) or seller(s)’ listing broker to show the properties selected by the buyer(s).
  4. Show the buyer(s) their selected properties.
Offer and Contract Activities
  1. Obtain a "good faith estimate” from the buyer(s)’ lender for the target purchase price and review with buyer(s).
  2. Meet with buyer(s) to preview offer, contract form, addenda, and miscellaneous forms.
  3. Complete offer to purchase and all addenda.
  4. Provide seller(s)’ disclosure forms to buyer(s).
  5. Submit offer to purchase signed by buyer(s) to seller(s)’ broker. 
  6. Provide credit report information to seller(s) if property will be seller-financed.
  7. Provide buyer(s) a copy of all forms used in making the offer.
  8. Negotiate all offers on buyer(s)’ behalf.
  9. Prepare and convey any counteroffers, acceptance, or amendments to seller(s)’ broker.
  10. Verify final offer is signed by all parties ("contract”), and that all necessary documents are attached.
  11. Deliver fully signed and initialed contract to buyer.
  12. Distribute signed contracts to all involved parties (buyer(s), seller(s), title company, lender, seller(s)/buyer(s) broker, and closing agent) and provide contact information as needed.
  13. Record and promptly deposit buyer(s)’ earnest money in escrow account or deliver to closing agent and obtain a receipt.
  14. Provide receipt of escrow deposit to seller(s)’ broker.
  15. Place copies of signed contract in office file.
  16. Inform buyer(s) of additional offers to purchase that are submitted between effective date of contract and closing.
  17. Update listing file to show "sale pending.”
Home and Termite Inspection Activities
  1. Provide buyer(s) with at least three home inspection companies and three WDO inspection companies from which to select.
  2. Coordinate buyer(s)’ professional home and WDO inspection with seller(s)’ broker
  3. Review home and WDO inspection reports with buyer.
  4. Enter completion of home and WDO inspection reports into the listing file.
  5. Order septic system, well, or mold inspections, if applicable.
  6. Receive and review septic system, well, or mold reports with buyer(s) and note any possible impact on sale.
  7. Provide copy of septic system, well and mold inspection reports, if any, to lender and seller(s).
  8. Verify seller(s)’ compliance with all inspection repair requirements.
Tracking the Loan-process Activities
  1. Coordinate with lender on discount points being locked in with dates.
  2. Confirm verifications of deposit and buyer(s)’ employment have been returned.
  3. Contact lender weekly to verify processing is on track.
  4. Follow loan processing through to the underwriter.
  5. Relay final approval of buyer(s)’ loan application to seller(s).
Appraisal Activities
  1. Schedule appraisal with seller(s) or seller(s)’ broker.
  2. Inform buyer(s) of options if appraisal report is different than the ontract/purchase price.
  3. Provide comparable sales used in market pricing to appraiser.
  4. Follow-up on appraisal until completed.
  5. Enter completion into the listing file.
Closing-preparation Activities
  1. Coordinate closing process with seller(s)’ broker, lender, and closing agent.
  2. Update closing forms and files.
  3. Verify all parties have all forms and information needed to close the sale.
  4. Assist in obtaining power of attorney or trust documents, as required.
  5. Work with seller(s)’ broker in scheduling and conducting buyer(s)’ final walk-through prior to closing.
  6. Confirm buyer(s) has received title insurance commitment.
  7. Confirm location, date, and time where closing will be held and notify all parties.
  8. Confirm with closing agent that all tax, HOA, utility, and other applicable pro-rations have been resolved.
  9. Request final closing figures from closing agent.
  10. Review and verify closing figures on HUD statement with buyer(s).
  11. Forward verified closing figures to seller(s)’ broker and confirm seller(s)’ broker has received and reviewed closing figures.
  12. Verify that seller(s)’ broker has provided homeowners warranty, if purchased, at closing.
  13. Forward closing documents to absentee buyer(s) as requested, if applicable.
  14. Provide earnest money deposit check from escrow account to closing agent. If closing agent is holding escrow funds make sure it appears on the final HUD.
  15. Confirm collected funds from buyer(s) are available for closing.
  16. Explain filing for homestead exemption.
  17. Verify transfer of all keys (house, mailbox, and HOA/community), garage- door openers, HOA/security/gate access codes, pool equipment, and appliance manuals.
  18. Close out listing.
After-closing Activities
  1. Assist with filing claims with homeowner’s warranty company, if requested.
  2. Respond to any follow-up calls and provide any additional information required from office files.
  3. Follow up with buyer(s).
In addition to the above activities/services which may be performed by a REALTOR® during a real estate transaction, today’s real estate market requires REALTORS® to offer additional assistance when the transaction involves short sales, foreclosures, or bank-owned properties.
 
Also, during the marketing process, homeowners may be in need of property-management services which REALTORS® also perform. Whether you are buying, selling, or in need of a property manager, we encourage you to discuss with your REALTOR® in detail what additional services may be necessary for you to accomplish your objective.
 
Contact The J Team at Keller Williams Today to discuss your Real Estate needs!