Buying with Kristine Fowler Sapp - Realtor® | Associate Broker | CRS®| GREEN
I’m dedicated to making the process as smooth and seamless as possible. When working with me as your Designated Buyer agent, you will receive personal attention, constant communication, flexible scheduling, professional service and vast knowledge of the Kansas City Metropolitan Market.
Buying Process- Getting Started And What to Expect
- Finances & Funds – The first step to purchasing a home is lining up your cash funds and getting financing secured; Call a reputable lender. In most cases you will need at least 3.5% for FHA or up to 20% on a conventional loan. Plan another 3% in closing costs and pre-paids. Contacting a reputable, experienced and ethical lender is essential. Make sure you feel comfortable and your lender takes time to listen to your needs, wants, questions and concerns. They will be the one to discuss current loan rates, money required and loan programs available for your situation. This is an essential step, purchasing a home can be emotional and will be time consuming. Have faith in your team and it will all work out. If you don’t have a preferred lender, I work closely with Danielle Coon at Prime Lending. Danielle has been in the industry for years. She’s dedicated and knowledgeable. Get Preapproved Now 913-645-8900
- Your search – Share your needs and wants with me, including bedrooms, baths, floor plan, location and price range. Together we will find homes to tour. Do not try to love everything, you will know it’s the home for you.
- Make an offer. You’ve found the one you love, now it’s time to make an offer. Our experience is a must when negotiating offers. It’s important to be aggressive but realistic, it must be a “win win” or neither party will agree.
- Offer is Negotiated and Accepted Congratulations! You have a contract pending! Your earnest money will now be deposited and applied at closing to your balance due. Schedule your inspections and call your insurance agent.
- Complete your mortgage loan. Work with your lender to complete the formal loan paperwork. Make sure to get your lender everything they ask for as soon as you can. Any delays, can cause a delay in closing. Keep in mind there is a lot going on behind the scenes between the lender, underwriter, agents, insurance agents and closers creating a perfect closing package for you.
- Inspection and Insurance It’s important to hire a professional, independent inspector. The inspection is normally done within 2 weeks of the effective date. An inspection report will provide you with detailed information and condition of major components of the home such but not limited to electrical, plumbing, roofing, structure, termite, radon etc. This is also the best time to ensure the home is insurable. Alert your insurance agent that you will be purchasing a new home. Your insurance agent will also need to be in contact with your lender to set up your insurance escrows and insure coverage beginning the day of closing.
- Set up Utilities. After inspections are over and any repairs agreed to, schedule all utilities to be transferred into your name the day of closing or possession, this includes electric, gas, water, wastewater, trash, cable, phone etc.
- Close on your new home. Closing day includes signing final loan documents and transfer of title. Bring a state or federal ID for closing, your amount due at closing must be in certified funds… sign your papers and Congratulations you’ve done it! It’s all yours! Make sure to keep in touch with us, we’re here if you need anything at all!
Selling Process- Getting Started and What to Expect
We have an incredible, proven marketing and exposure program that blends into one powerful resource for our sellers. Every step from “pre-packing”, staging, professional photos to navigating offers, inspections and closing/possession dates is crucial.
At our first meeting we will discuss your goals, tour the property, go over all aspects of the home including condition, updates, repairs if any, as well as our exclusive and proven marketing plan and realistic expectations of the process. For our meeting, make sure to have a list of repairs/updates you’ve done in the last 5 years. After reviewing the home, the comparables in the area and deciding if we are a great fit to work together, we’ll discuss your goals and price!
You only have one chance to market your home correctly the first time. In any market, the first few weeks are the most important. Selling your home shouldn’t be about finding cheap services, it’s about finding the one that will do it correctly the first time.
When considering and interviewing Realtors, make sure to ask these very important questions:
- How long have you been a Realtor?
- Are you a full time Realtor?
- How many homes have you sold in the last 12 months?
- What designations do you have?
- Do you provide a display book for prospective buyers in print and digital?
- How will you present my house to prospective buyers and buyer agents?
- What is your average list-to-sales price ratio?
- What is the market average for days on the market in my neighborhood.
- What is your average days on the market?
- What type of reports and programs do you provide sellers?
- How often will you communicate with me?
- Do you have a solid marketing plan?
‘It’s better to get a GREAT company at a Fair price
than a fair company at a great price’. – Warren Buffett