BUYING YOUR SF HOME
AGENT BACKGROUND
Prepared by:
Todd Montgomery
DRE: 01875716
Bridgepointe Group
Senior Real Estate Adviser
415.203.6022
todd@bpgroupsv.com
QUALIFICATIONS
• First Time Home Buyer Specialist
• New Construction and Loft Expert
• Residential condo specialist
• Financing expert
PERSONAL
• SF Association Realtors, Member
• 16 year San Francisco Resident
• Former Accenture Consultant
• Tech sales and marketing for
20yrs.
ACHIEVEMENTS
• Top Producer 2010
• #1 sales agent One Hawthorne Dst.9
• Sales Team has over 15 years
•Sold 12mm in 2010
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BUYING PROCESS
WHAT IS INVOLVED IN BUYING A HOME?
• Select your Realtor
• Remove contingencies
• Establish a working relationship
• Loan, appraisal, pest, condo docs,
property inspection
• Sign Agency Relationship
• Financing
• Evaluate your needs and resources
• Final Walk-through inspection
• Obtain financing pre-approval
• Loan conditions are cleared
• View and select a property
• Loan Funded
• Structure an effective offer
• On public record as legal owner
• Negotiate the terms of the contract
• Close Escrow
• Ratify the contract
• Keys, fobs, clickers will be released
• Open escrow
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OUR PROFESSIONAL RELATIONSHIP
MY COMMITMENT TO YOU
• I make the process of home buying as efficient and stress free as possible - Let me do the leg work for you
• As your buyer’s agent, I will preview anywhere from 10-30 different properties each week looking for the right fit for you
• Through an exceptional knowledge of the market, I am able to negotiate the best deal for you
OUR RELATIONSHIP
• I make a commitment to you to act in your best interests working diligently to find you the best fit for your needs
• I bring to the table many years of highly successful experience in the Real Estate industry and expert area, community,
construction, social, and business knowledge
• My service does not cost you anything. I am compensated by the seller or developer of the home you buy
• I ask for your commitment to exclusively work with me in the search for your new home. I will ask you to sign a Buyer
Broker Agreement and Disclosure of Agency Relationship.
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SELECTING THE RIGHT HOME
• Factors In Comparing Properties
Multi-unit, Single Family, Condo, Loft, TIC
• Different Neighborhoods
• Property Features
Fireplace, View, W/D, Remodeled Kitchen/Bath,
Custom Closets
Light, Floorplan, Orientation
• Square Footage
• Outdoor Space
• Parking: Deeded, Valet, Leased
• Monthly Costs
• Storage: Requirements
• Amenities
Doorman, Concierge, Fitness Center, Security,
Pool, Media Room, BBQ, Club Room, Common
Area, Guest Suite
Water, Garbage, Sewer, Outside Management,
Fire And Hazard Insurance, Window Washing
• Proximity To Public Transportation
• Proximity To Lifestyle Attractions
Restaurants, Theaters, Bars, Museums, or Parks
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LOAN PROCESS
• Provide lender referral
• You will need to complete a loan application
• You will be asked for supporting documentation and credit will be ran
• You will be pre-approved for a purchase price
• After you have a ratified contract, your loan will be submitted for approval
• The loan is approved *There may be conditions for you to meet
• Loan documents will be drawn and sent to the escrow officer
• You will sign loan documents
• The loan is funded and then closed
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MORTGAGE PAYMENT COMPONENTS
Your monthly payment has many components:
You should also know about:
• Non-conforming, Jumbo conforming, and Conforming
• FHA Loans
• Principle
• SF Projects currently FHA approved
• Interest
• Information about Loan Types
• Taxes (1.141% of purchase price paid monthly or semi-
• Current Tax Credits
annually paid Dec 10th and April 10th)
• Hazard Insurance
• PMI(private mortgage insurance)
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WHO PAYS WHAT?
THE SELLER USUALLY PAYS FOR THE FOLLOWING:
• Judgments, liens, etc against the seller
• Recording charges
• Tax pro-ration
• Unpaid homeowners dues
• Bonds or assessments
• Delinquent taxes
• Notary fees
• Real estate commissions
• Document preparation fee for the deed
• Document transfer and city transfer taxes
• Payoff of all the loans in the sellers name
THE BUYER USUALLY PAYS FOR THE FOLLOWING:
• Title insurance premiums
• Escrow fee
• Document preparation
• Notary fees
• Recording charges for all documents in buyers name
• Tax pro-ration
• Homeowners transfer fee
• New loan charges
• Beneficiary statement fee
• Inspection fees
• Home warranty
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THE INSPECTION PROCESS
• The condition of the property will be evaluated by a third party
• Pest inspection can be done
• There will be a contractor inspection
• There will be a geological inspection completed
• Structural Engineer report can also be ordered
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THE ESCROW
• Escrow is a neutral third party
• It is a legal procedure for handling the transaction
• Opened after mutual acceptance of the purchase offer
• Preliminary Title report will be ordered
• Title insurance will be ordered to ensure free and clear title with no mortgage encumbrances
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PLEDGE OF PERFORMANCE
OUR COMMITMENT TO YOU
Your needs will be heard and together we will focus on finding you the best possible home to meet those needs.
I will endeavor to limit your liability and make sure you are prepared for your new home purchase.
I will negotiate the best possible deal for you.
I will keep in touch with you regularly.
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