guide to buying your home

8/13/2019 Guide To Buying Your Home

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www.verani.com 2 Prudential Verani Realty

Welcome To Prudential Verani Realty!

We understand that buying a home is a major decision for you. Equally important is theselection of choosing the right real estate professional. At Prudential Verani Realty we arededicated to helping you through the home buying process, making it as efficient, stress-freeand successful as possible.

The purpose of this Home Buyer’s Guide is to help you understand the process of finding andbuying a home, and to acquaint you with the kinds of housing and financing choices that areavailable.

In order to best serve you as your real estate professional, I will need to spend time with you tolearn more about the specific requirements you are looking for in a home. My goal is for you tobe delighted with your home buying experience, not only the day you move in, but years fromnow.

As a real estate professional of Prudential Verani Realty, I am proud to be a part of a companythat has been a leader in the New Hampshire real estate market for over four decadesspecializing in the sale of homes, land and commercial properties. Family-owned and operatedsince 1967, we have become one of the most dynamic and progressive real estate companiesin the area!

Prudential Verani Realty offers the highest level of market expertise and the most sophisticated

home search strategies. Reflected in everything we do is our philosophy of trust, integrity andan unparalleled customer focus.

Core Values

• Customer Focused

• Mutual Respect

• Integrity

• Winning Relationships

• Strength




Local Market Knowledge And Presence

In 1951, our father Osvaldo Verani came to the United States from Italy in search of a better life.Beginning as a worker in the mill yard in Manchester NH, he had a vision of someday becomingan entrepreneur and owning his own business. In 1960, he opened his first business, Verani’sItalian Restaurant which later became one of the most well known dining establishments in theGreater Manchester area.

Taking with him the relationships he had built and the passion for providing quality customerservice, he then started Verani Realty in 1967 and laid a solid foundation for growth. It was atime when most transactions were face to face, when his personal touch won him a loyal

customer base, and his hard work and vision helped others find or build the house that wouldbecome their home.

He framed his philosophy on the principles of mutual respect, trust, customer service andquality. We continue to reflect his philosophy today through providing you with a higher standardof quality, customer service and employing dedicated professionals who strive to exceed yourexpectations.

Over the years we have indeed broadened our specialization. In 1988 we joined the PrudentialReal Estate Affiliates family…an invaluable global network that has allowed us to become oneof the premier real estate companies in New Hampshire today offering exceptional service in:

• Residential, Commercial & New Homes Real Estate• Relocation & Referral Services

• Integrated Mortgage & Title Services

As we continue to be a leader in the real estate market we will always retain a sense of ourhistory, a respect for what our father set out to accomplish, and the realization that the expertiseand integrity of our people are at the heart of our success.

Margherita Verani, PresidentGiovanni Verani, Vice President




The Power of Prudential

For more than 130 years, the Prudential name has stood for strength, stability and integrity.Founded in 1875, Prudential enjoys an enviable position in the market with 98% consumername recognition, placing it far above all other nationally recognized corporate names.

As part of the Prudential family of companies, Prudential Real Estate Network members canhelp provide their customers with a lifetime of financial services, ranging from insurance tosecurities to retirement planning. With nearly 2,000 network member offices and over 64,000sales professionals, we are able to satisfy your home buying or selling needs virtually anywherein the world.

Awards & Recogni tion At Prudential Verani Realty, the success of our business relies on our ability to provideexemplary quality service in everything we do! That is why we are the proud recipient of thefollowing nationally recognized Prudential Real Estate Network Awards.

Legend, Pinnacle, Chairman, President, Leading Edge and Honor Society Awards:Over 1/3 of our real estate professionals have received these nationally recognized awards.

Gibraltar Award Prudential Top 50:We ranked in the Top 50 out of 2,000 companies in the entire Prudential Network! And, we’vereceived this award 7 years straight in a row making us one of the most highly recognizedPrudential Affiliates in the North East and the go-to-broker for buyer referrals from around thecountry.




One Stop-Shopping…For Al l Your Real Estate Needs

Residential Real Estate:Our dedicated real estate professionals have the local expertise and tools necessary to help youmake the best decision possible in an ever changing real estate market:

• Buying & Selling Assistance

• Extensive Property Searches

• Largest Selection of Online Listings Available

• Local & Regional Knowledge

•

Skillful Negotiators• New Listing Email Notifications

Commercial Services Division:In the Commercial, Industrial and Development markets, our specialized real estateprofessionals are able to offer you a vast menu of services including:

• Acquisition, Sales & Leasing

• Commercial & Industrial Property

• Land Development

• Investments

• Tenant Representation

New Homes Division:Offering you the widest selection of new homes in New Hampshire, our specialized real estateprofessionals can connect you with the most trusted builders in the community of your choice:

• Extensive Residential Land Listings

• In-Depth Web Site Profiles

• Various Town & Price Options

• Development Consulting Services

• Options From Individual Home Sites to New Communities

• Trained & Certified New Home Associates




The Home Buying Process

Initial Consultation

• Understanding Your Needs & Expectations

Home Search Plan

• Defining Home Search Priorities

• How To Get The Most From www.verani.com

• Working Together To Find The Right Home

Mortgage & Financing

• Criteria For Choosing The RIGHT Mortgage Provider

Offers & Agreements

• Preparing & Submitting An Offer

Pre-Closing & Settlement

• Completing The Final Process

• Broker’s Title & Closing, LLC.

• A Smooth Transition To Your New Home




Defining Home Search Priorit ies

Finding and buying the right home is a highly personalized process, and it all begins byidentifying your needs. The following questions will help you identify your ideal home:

• What does “home” mean to you? Is it a hub of activity or a peaceful retreat?

• How many people will be living in your household?

• What would you consider a comfortable work commute?

• What are the most important activities for the members of your household?

• What are the features you liked most about the homes you have lived in previously?

• What is something you disliked about the home or area where you lived previously?

• What are the most important “must have” features of your ideal home andneighborhood?

• Do you have pets or animals?

Searching for Properties According to a National Association of REALTORS® survey, 90% of all potential homebuyers start their search on the Internet. This is why Prudential Verani Realty has invested inthe technology and a rapid customer service philosophy to make your online search quick, easyand informative.

At www.verani.com you can search through the most updated properties for sale in any area -with full details and color photos. Unlike print ads that may be weeks old by the time you read

them, home buyers who are registered at www.verani.com will immediately be notified when aproperty becomes listed within their search profile.




When thinking about specific features in your ideal home, it is helpful to establish a “Shopping”list. Reference the spreadsheet below to help you create your list. Once you have identified yourneeds, wants and dreams, my role is to help you make a decision that is right for you.




How To Get The Most From WWW.VERANI.COM

Now you can easily search through thousands of listingsonline at www.verani.com . With our exclusive online toolsyou can save searches, get email updates, browse VisualTours and more! Plus you can even search Metro areas andview properties on Google Maps.

Search PropertiesOur search feature is EASY! Simply log-on towww.verani.com, and fill in the Search Real Estate section

on the home page. Here you can begin your search byentering:

• A Location or MLS#

• Description or Features: e.g. pool, waterfront, river,adult community

• Price Range

• # of Bedrooms and Bathrooms

• Property Type: residential, multi-family, condo, mobilehome, land, commercial, etc.

Search ResultsOnce you have performed your search a list of results will display. You can view your results in

four different ways:• Map View

• List View

• Photo View

• Compare Your Results

Once you have found a listing you wish to view in more detail, simply click on the desired listingand you will see these special feature icons to provide you with more information.




Getting MORE From WWW.VERANI.COM!

Listing DetailThe listing detail page provides comprehensive property information. From this page you canchoose from the following tools and special feature icons below to learn more. If you choose theSend Me More Info option, you will be able to select my name from a drop down menu of realestate professionals and I will immediately receive your electronic request and respond quickly.From here you can also Print The Listing, Email It To A Friend, use the MortgageCalculator and Add It To Your Favor ites.

Saved Searches & Virtual AgentYou can save your search on a Virtual Agent page that you create by selecting My Virtual Agent . This customized Virtual Agent page allows you to create and manage your savedsearches, email updates, favorite listings and new listings within your search criteria. You caneasily manage multiple searches for different areas or properties.

Verani Blog & YouTube

Blog.verani.com is one of the top real estate blogs for all of New England. Here youcan learn more about the real estate market, the latest real estate news, home buyingtips, new developments, community information, mortgage financing and more!

YouTube.com/pruverani offers Virtual Tours of all new Prudential Verani Realtylistings to view and share.




Criteria For Choosing The RIGHT Mortgage Provider

Choose a Loan Originator that is a good listener. You want an originator who is interested inyour individual situation, not someone who is just trying to close a deal. It is important for thebroker to listen to you and be there every step of the way.

Investigate the kind of rate the Loan Originator is offering. Every Mortgage Provider will dotheir best to offer competitive rates and closing costs. However, if the rate sounds too good tobe true, it probably is. Ask about locking-in, additional fees or closing costs and what happens ifyour lock-in expires.

Look fo r a Mortgage Provider who will fund the loan from their office. There is a differencebetween a mortgage broker and a direct lender. Both offer many choices in loan programs, but itis important to understand if your Mortgage Provider is actually an outside party who has theultimate control over scheduling and financing terms.

Make sure the Mortgage Provider is familiar with the closing and settlement practices inNew Hampshire. Delays can frequently be traced back to a lender's unfamiliarity with localrequirements. Loans which are improperly scheduled and funded can prevent you from gettingthe keys to your house on moving day.

Ask who the Mor tgage Provider uses for clos ing and outs ide services . It is important toknow if their designated real estate appraisers are knowledgeable in the local area. Equally

important is knowing if the closing attorney or title company can accommodate the dates,location, funding and recording schedule you need. Timeliness and accuracy of these thirdparties are critical to a smooth transaction.




Completing The Final Process

Here are some helpful things to remember and consider to support a trouble-free homepurchase:

• Professional inspections can reveal structural, roof, termite and other conditions with aproperty that may require attention. Earnest money deposits need to be given to youragent on or before the deadlines specified in the Purchase Agreement. Escrow checksare deposited and will clear through your bank. If escrow funds are paid within 5-10business days of the scheduled closing, then the funds must be in the form of a certifiedcheck or money order. Lock in terest rate and loan terms with your chosen mortgage

lender. Satisfy remaining contract conditions on or before the deadlines specified inthe Purchase Agreement. Contingencies should be released in writing and signed byboth parties. A home warranty plan can give you peace of mind by providing repair-or-replace coverage of major home operating systems and appliances.

• Communicate frequently with your mortgage lender to ensure appraisals, credit,income and asset verifications, title search and other loan conditions are completed in atimely manner. Verify you can obtain Hazard Insurance on the property and arrange fora prepaid homeowners insurance binder. If possible, leave flexibility in moving dates incase of unforeseen delays with financing, title or other potential issues. A financingcommitment or approval means that the borrower meets the lender's qualificationrequirements and also its underwriting requirements. In some cases, the approval may

be conditional on further verification of information provided by the borrower. Reviewthese conditions carefully with your mortgage lender before you remove your financingcontingency from the contract. A preliminary title report informs you of any issues withthe property’s title, and a policy of title insurance protects your rights to the property.

• A walk -through before closing allows you to make sure the property is being deliveredin an agreed upon condition. Verify with your mortgage lender what funds you need forclosing, what form of payment is acceptable and what funds you need to have inreserves (savings) at closing. Final time and place for the settlement will be confirmedby the lender and a designated title company once final contingencies, financing and titlepolicies are in place. Keys are customarily delivered once the settlement papers are

signed, the new deed is recorded and the closing has been fully funded.




Broker’s Title & Closing, LLC.

When purchasing real estate, it is important to have a title search and title insurance to protectyour investment. It is also important to have experienced professionals to coordinate the realestate closing.

Broker’s Title & Closing, LLC., a joint venture with Prudential Verani Realty, is a full servicetitle company serving buyers for many years. They examine the records at the Registry ofDeeds to protect both you and your investment from problems now and in the future. Titleinsurance protects you from loss resulting from defects in a title. Broker’s Title & Closing, LLC.will record your new deed and file all State and County documents.

You may request Broker’s Title & Closing, LLC. through your mortgage provider, as well asselect them for any cash transactions. If you are interested in speaking with a Broker’s Title &Closing, LLC. Representative, please call (603) 434-1414 or visit their web site atwww.brokerstitlenh.com.




A Smooth Transition To Your New Home

As you make the move to your new home, the following is a helpful checklist.

• Contract with a reputable moving company.

• Arrange to have school records transferred.

• Arrange to transfer (or take with you) medical, dental and other important records.

• Prepare to transfer your homeowners and auto insurance to be sure you will be coveredfor any unforeseen disasters.

• Hold a garage sale to get rid of unneeded items; arrange to place excess items instorage.

• Keep track of moving-related expenses. (Check with your accountant to find out whatexpenses will be deductible).

• Mail change-of-address cards to the post office, subscriptions, credit card companiesand important contacts. Online service is available at www.usps.gov.

• Arrange for a final utility reading at your former residence the day after your move ANDhave the utilities and phone turned on at your new home the day before you move in.

• Close or transfer bank accounts, if needed.

• Terminate newspaper delivery service.

• Arrange the transfer of vehicle licenses and driver licenses.

• Have an extra supply of prescription medications for the next four weeks.

• We will schedule a final walk-through of the property to make sure everything is in order.

• Keep financial records and personal papers with you, do not pack them with the rest ofyour items.

• On closing day, once the home purchase documents are completed and the seller is inreceipt of funding - the keys will be yours!

• MOVE IN & ENJOY YOUR NEW HOME!

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