Buying Property
What Askew Realty Co. Associates do for our Buyers
Pre-showing activities
1. Explain the benefits of working with us, as your Exclusive Buyer’s Agent.
2. Review the Exclusive Buyer Brokerage Agreement with you and answer questions you may
have relative to same.
3. Consult with you to determine your ability to buy, the correct timing for a purchase, and
the financial requirements incumbent in the purchase of a property.
4. Share names of viable Lenders who you should contact to be “pre-qualified”.
5. Review with the Lender you select to confirm the price range property you should be, or
want to be, looking for.
6. Stay in touch with the Lender you have selected to ensure they stay on track to get you
qualified for a loan which will enable you to acquire a property.
7. Search First Multiple Listing Service database for active listings that match your
needs/desires.
8. Send you, via email, selected FMLS properties for your review.
9. Guide you to our FMLS search engine found on our Office website so that you can also
search all currently active listings in FMLS.
10. Inspect properties that match your parameters, including any that you may have found
through various sources.
11. After inspecting many, many “listings”, cull out the dozen-or-so properties that best suit
your needs and desires.
12. Make appointment with you to show you, and anyone else involved in the buying decision
making process, property.
13. Map out the quickest, most informative route to show the properties you need to see.
14. Contact owners and/or listing agents of the selected properties and make appointments
to show said properties on your desired date.
Showing Activities
15. Meet you at our office, or pick you up at your home.
16. Take you, in a clean car, to inspect the properties selected.
17. Point out places of interests in route to each property, and answer questions** concerning
the community, and non-selected properties you inquire about, to the best of our ability
as we transit from property to property.
18. Access the selected properties for your inspection.
19. Answer questions** concerning the property’s attributes to the best of our ability, and
point out**, if easily seen, any questionable aspects and/or conditions.
20. Double check the list of properties that were eliminated prior to our showing
appointment to make ensure I have not left any stone unturned in your search for the
best property that suits your needs.
21. Research for additional information** on those properties that make it to “the final cut”
and arrange for a second visit.
22.Inspect viable options a second time and take notes on specifics** that may need to be
addressed in an offer.
Activities Involved With Making An Offer
23. Contact Listing Agent and obtain Seller’s Disclosure Statement, Lead-Based Paint Exhibit
(if property constructed prior to 1978), Homeowners’ Association information (if
appropriate), survey (if available), the Seller’s Disclosure relative to Unincorporated
Dekalb County’s Low-flow Ordinance, and any other pertinent documents that may be
needed for review prior to making an offer.
24. Research the property, and the area surrounding same, to assist in determining a
reasonable amount to pay for the desired property.**
25. Consult** with YOU to determine terms desirable, (and realistic), to be included in an
offer. [ If you determine you do not want me to represent you, I merely include terms
you direct me to include in any offer made. ]
26. Draft offer and review with you to ensure terms meet your needs and desires.**
27. Include our Company-originated Special Stipulations in your offer which strengthen your
position in the offer.**
28. Receive your Earnest Money deposit and submit to Holder.
29. Give you our “Preferred Vendor” list so you can compare with other vendors who have
been recommended to you, for services needed. For example – inspectors, extermination
companies, roofers, etc.
30. Submit your offer.
31. Timely follow-up with the Listing Agent and answer any questions the Listing Agent may
have with our offer** to ensure the offer is conveyed to the Seller appropriately.
32. Keep you informed as to when the offer will be actually submitted to the Seller.
33. Receive the counter (if any) and transmit the counter-proposal to you in a timely manner.
34. Review and advise** relative to any counter-offer received.
35. Guide you** in the completion of any/all paperwork needed to secure a Binding
Agreement on the property.
After Acceptance
36. Deliver Binding Agreements, and draft clear, clean copies of Agreements, (if necessary),
to all parties to the Agreement.
37. Provide our office with copies of Binding Agreement.
38. Notify our Holder to deposit Earnest Money as per the terms of the Binding Agreement.
39. Notify our office staff to change the FMLS status of the property to “Pending Sale”.
40. Deliver copies of the Binding Agreement to your Lender and to the selected Closing
Attorney.
41. Coordinate the inspector(s)’s appointment(s).
42. Coordinate termite inspections if desired.
43. Coordinate Radon test, if desired.
44. Coordinate Lead-based paint inspection, if desired.
45. Coordinate Dekalb County inspection(s) and paperwork relative to the “Inefficient
Plumbing Fixtures Replacement Plan Ordinance”.
46. Coordinate any other inspections as may be necessary/desired.
47. Be present at time of inspector(s)’ appointment to allow entrance into property.
48. Return upon completion of inspection(s) to review and inspect any areas of concern so I
am better prepared to answer future questions**, if necessary.
49. Monitor the time limits as per the Binding Agreement to ensure you do not allow an
unknowing lapse**.
50. Coordinate inspection by your Lender’s appraiser.
51. Provide the appraiser with comparables** if requested.
52. Follow loan processing through to the underwriter.
53. Ensure you have coordinated, with your preferred insurance company, and secured, a
Fire & Hazard insurance policy and coverage for your personal items as well.**
Closing preparations and duties
54. Coordinate closing process with the Listing Agent, lender, and Attorney.
55. Update closing forms and files.
56. Ensure all parties have all forms and information needed to close the sale.
57. Assist with the selection of the closing location and time.
58. Coordinate the closing on your purchase in sync with the sale of your prior property, if
necessary.
59. Confirm closing date and time, and notify all parties.
60. Monitor any title problems that may be found.
61. Ensure your insurance company has coordinated with your Lender the correct Mortagee
clause.
62. Review the benefits** of a Home Owners Warranty if one was not offered/secured during
the negotiations of your purchase.
63. Coordinate the acquisition of a Home Owners Warranty if desired.
64. Review the benefits** of you obtaining an Owners Title Policy at time of closing.
65. Notify closing attorney of your desire to obtain Owners Title Insurance Policy, if desired.
66. Notify closing attorney the disposition of your Earnest Money.
67. Ensure you, or the closing attorney, received the correct, and necessary, insurance policy.
68. Coordinate final walk-through.
69. Attend final walk-through and assist in determining** if all issues that may have been
negotiated have been addressed.
70. Request final closing figures from your Lender and the closing attorney.
71. Endeavor to have no “surprise” at the closing.
72. Review HUD1 Statement to ensure accuracy**.
73. Coordinate forwarding of closing documents to absentee Seller as may be required.
74. Attend closing.
Follow-up after closing
75. Change FMLS status to Sold. Enter sales date, price, etc. into MLS system.
76. Answer questions** regarding Home Owner Warranty issues that may arise.
77. Attempt to clarify, and assist to resolve, any repair conflicts if you are dissatisfied.
78. Respond to subsequent calls and provide any additional information possible.
79. Follow-up with you to remind you about filing for Homestead exemption if the property
is your primary residence.
80. Send you periodic updates relative to the real estate activity in the area surrounding your
purchase.
** as per Georgia law, only if the Exclusive
Buyer Brokerage Agreement has been executed