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NAUMANN
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R E A L E S TAT E , I N C .
Recognized Leaders in New and
Existing Real Estate in Tallahassee.
WHY NAUMANN? IN THIS GUIDE
best Real
Estate Services available. To accomplish our objective, we start with selecting only the best candidates
to be Associates with The Naumann Group. Secondly,
they adhere to a rigorous continuing education
program and must produce results for the customers
they serve. Our per agent productivity ranks among
the top in the Board of Realtors. Throughout the
process you can expect your transaction to be
handled with honesty and integrity.
850-325-1681
Buyer Chain of Events..........pg. 2
Help for You.............................pg. 2
Buyer’s Checklist.....................pg. 3
Moving Checklist...................pg. 3
Buyer FAQ’s..............................pg. 4
Contact Information............pg. 4
www.NaumannGroup.com/buyer
BUYER CHAIN OF EVENTS
Your Realtor will submit and negotiate a contract for
purchase of your new home.
Once Contract has been accepted and your new
home is off the market to other prospective buyers,
your due diligence period begins.
The due diligence period is approximately 15 days
from the date the contract was accepted and gives
the buyer time to have inspections done. Your Realtor
will immediately set up a home inspection in which
you are welcome to attend and ask questions of the
inspector. Once we receive the inspection results,
we will review it and submit a “Home Inspection
Addendum” to the seller’s agent. This addendum
covers “warranted and non-warranted items.” Once
the inspection is signed off by the sellers, the noted
repairs (if any) will begin. All repairs are to be
completed prior to closing and you have the right to
a final walk through to confirm they are completed.
During this time the seller will order the WDO (Wood Destroying Organism) report.
This is where a certified pest control company checks the home for any type of WDO
activity/damage. These repairs (if checked in the contract) will also be repaired prior to
closing.
It will be your responsibility during this time to get to your lender any requested items
for loan approval. You will also want to begin shopping for homeowners insurance.
An appraisal will be ordered by the lender for 3rd party price evaluation.
The week before closing be sure to contact the utility provider(s) to transfer utilities,
phone, etc. into your name.
1-2 days prior to closing, do a final walk through with your Realtor and review the final
closing statements with your Realtor to make sure all information is correct.
Closing day – make sure you have your driver’s license and a cashier’s check for closing
costs made out to the title company.
THE HELP YOU NEED
From movers to plumbers, from painters to mortgage brokers,
we have a long list of partners that are standing by to help you.
Visit www.NaumannGroup.com/help for the complete list.
BUYER’S INFO
WHAT ARE THE BUYER’S RESPONSIBILITIES
IN THE TRANSACTION?
Get pre-approved with a lender before
you look for a home.
Find a seasoned Realtor that you trust.
Determine your needs and wants in a home.
Take an active role in the process,
ask questions.
Review the Seller’s Property Disclosure
Statement with your Realtor.
Hire a professional home inspector and
attend the inspection with your Realtor.
Be aware of all contractual obligations.
A Realtor can provide you with a full
array of services, including:
Identify suitable properties for your
lifestyle and budget.
Provide information about neighborhoods,
community and association dues or
CDD fees.
Help locate that perfect home while
negotiating the best terms for you.
Offer advice about the personal and
financial data needed to apply for a
home loan.
Discuss the pros and cons of buying a
property that is a short sale/foreclosure.
Help navigate the purchase, including
factors like price negotiation, financing,
terms, date of possession, repairs, and
furnishings or equipment.
Assist in finding qualified professionals
to do the property inspections and
provide written reports.
Provide guidance through the closing
process to make sure the transaction
completes in a timely and professional
manner.
850-325-1681
MOVING CHECKLIST
ONE MONTH BEFORE MOVE
Arrange for moving your furniture and
personal belongings either by hiring a
professional service or renting a moving
truck.
Accumulate moving supplies such as boxes,
tape, rope, and anything else you might
need.
Plan your travel route if you are driving to
your new home.
Some moving expenses are tax deductible,
so you should save all moving related
receipts including meals, lodging, and
gasoline.
Develop a plan for packing, such as packing
out a Change of Address Form.
Notify friends, family and businesses of your
move.
Notify Federal and State taxing authorities
TWO WEEKS BEFORE MOVE
Notify utilities like electric, water, cable,
phone companies, to arrange for service at
your new address.
Notify your long distance carrier and
arrange for service at your new address.
Recruit people to help you on moving day.
Arrange for someone to take care of your
pets on moving day.
ONE DAY BEFORE MOVE
Keep moving materials separate so they
Pick up rental truck if you are moving
yourself.
Fill up your car with gas, check the air
pressure in your tires and the oil.
Bring your Driver's License to closing.
Bring a Cashier's Check made out to the
Title Company for the amount needed.
Try to get a good night’s rest. RELAX!!
www.NaumannGroup.com/buyer
FREQUENTLY ASKED QUESTIONS
1. How does my Realtor get paid?
Great question and one that is frequently
asked. You are NOT responsible for
paying your Realtor. The SELLER pays the
real estate commission out of their
closing costs.
2. What responsibilities do I have as a
buyer to my Realtor?
The most important responsibility you
have to your agent is letting any other
Realtor know that you are already
represented by your Realtor. This is
extremely important for the following
reasons:
a. Keeps clear lines of communication.
b. Removes possibility of conflict.
c. Allows your Realtor to be free to
look out for your best interest.
d. Permits your Realtor to negotiate
on your behalf.
e. Protects your Realtor’s compensation in the transaction.
So remember, always let any other
Realtor know that you are already
working with someone. Your Realtor is
licensed to represent you in any
transaction that includes a home, a lot,
or new construction.
3. How will the inspection be handled?
There is a time limit in your contract for
the buyer to complete the inspection,
which is very important to follow. Most
inspections are made within 15 days of
contract acceptance date and are
normally ordered by your Realtor. You, as
the buyer, are encouraged to attend and
ask questions of the inspector. After the
inspection is completed, your agent will
prepare an Inspection Addendum which
request repairs if there are any noted
issues on the report. Once both parties
agree to the repairs, the seller will need
to complete them by the closing date.
4. How long does the Home Inspection
last?
The inspection can last anywhere from
one to three hours depending on the size
of the house and issues found.
5. When do I know my loan is approved
and we have set a closing date?
Your lender will give you a letter of
approval pending appraisal. Your closing
date will be negotiated at time the
contract is written.
6. When should I get my homeowners
insurance?
It is best to have your insurance set up
within 2 weeks of closing.
7. Am I able to move into my new
home right after closing?
Yes, once the buyer and seller sign the
closing docs it’s your home!
NAUMANN
Group
THE
R E A L E S TAT E , I N C .
www.NaumannGroup.com 850-325-1681
[email protected]
1953 Thomasville Rd., Suite 101 Tallahassee, FL 32303 fax: 850-325-1686