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It's our pleasure to introduce our company, William J Haverly & Associates and offer our services to you. As the real estate specialist for the Greater Los Angeles Area and Orange County, we had the opportunity to help many homebuyers find their ideal homes. We look forward to working with you, too!
Buying a new home is one of the largest financial transactions that most people ever undertake. Because the process can be lengthy and sometimes confusing, We want you to know that we will be here to help you through every step. Our goal is to help you find the home of your dreams and also make your home buying experience as easy and enjoyable as possible.
When you are ready to purchase your next home, we welcome the opportunity to represent you. In the meantime, we will be happy to provide you with valuable information about homeownership, the real estate market and many other helpful topics by email.
We will also be happy to answer any questions you might have about buying, financing or current market conditions. We can also send you listings of suitable properties currently on the market where you want to live. Our are services are free and include helping you find a home, arrange financing, negotiating the purchase, and handling all of the details to ensure a smooth closing.
When you are thinking about buying a home, there are always plenty of questions to ask. Please don't hesitate to call or email us any time if we can help you with this. Thank you for the opportunity to be of service.
Sincerely,
William J Haverly & Associates
818-551-9000
info@billhaverly.com
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Our Mission Statement
- Competent professional service
- Constant follow-up and feedback
- Compassionate loan counseling
- Competitive interest rates and charges
Our Objectives
- Listen carefully to make sure I understand YOUR objectives and preferences
- Explain the home buying process thoroughly
- Discuss agency representation
- Diligently search for a home that meets your criteria
- Send you new listings as soon as they come on the market
- Provide you with a market analysis, so you are comfortable with the prices in your desired neighborhood
- Negotiate on your behalf
- Diligently track the closing process on the sale of your home
- Communicate consistently, so you know what to expect
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The Closing Process
Once you have found the home you want to buy, there are several additional steps you need to take to close the sale after the purchase and sale agreements have been sign.
| Step 1 |
Contingency removal: The most common contingencies are inspection, financing and, if applicable, the sale of your current home. These conditions must be removed or waived in writing before the sale on your new home can close. |
| Step 2 |
Appraisal and title report: Your lender requires a formal appraisal to confirm the value of the home you're buying, to use as collateral to secure the loan. The title report ensures that the seller has clear title to the property and has the right to transfer ownership to you. |
| Step 3 |
Prepare closing documents: Escrow service companies prepare documents that confirm the transaction, prorate funds, etc. |
| Step 4 |
Signing of closing documents: Although both parties may have signed closing documents and deposited funds, the sale actually closes when the deed is recorded and the proceeds are available to the seller. |
| Step 5 |
Signed documents go to the lender for final review. |
| Step 6 |
The deed is recorded and funds disbursed. |
| Step 7 |
The seller receives the proceeds and the moving van arrives. |
| Step 8 |
You get the keys to your new home! |
There are many opportunities for surprises or delays in a transaction. Part of our expertise is in troubleshooting problems that arise in the closing process, including anticipating and preparing for potential problems before they arise.
Please email or call us any time if you have questions or would like more information about the closing process. |
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Mortgage Application Checklist
Here is a list of information and documents you will need when you apply for a home loan:
- Copy of the Purchase and Sale Agreement
- Your present mortgage information (what if I'm a renter)(or 12 months rental history)
- Two years history of employment and verification of all income sources.
- If self-employed, copies of past two years income tax return and year to date profit and loss
- Information about your checking, savings and credit card accountsThree months checking, savings and investment account information verifying your liquid assets).
- Name, account number and outstanding balance of each of your debts.Information about any assets
- Information regarding any other income to be used
- Information regarding any other assets that will be used as funds to closeIf FHA-copy of Social Security card and photo ID
- If you're applying for a VA loan, you need a Certificate of Eligibility or DD-214 form
- If you are a relocating employee, include relocation information and copy of offer, promissory note and copy of check on bridge loan
- " Two pieces of ID, such as your driver's license or passport and social security card
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Glossary of Real Estate Terms
Addenda (Addendum): An attachment to the Purchase & Sale Agreement.
Agency: The relationship that a real estate agent has with a customer or client.
Buyer Broker: An agent who represents the buyer in a transaction.
CMA: Comparable Market Analysis, or an opinion of a home's value.
Comps: Properties used as" comparables" on a CMA.
Disclosure: Verbal and/or written communication regarding agency, property condition, etc.
Down payment: Initial investment on a home loan.
EM deposit: Earnest money deposit, or good faith deposit provided as consideration when a buyer offers a contract to a seller.
FHA: A type of loan, government insured financing.
Key box: MLS electronic key which allows agents access to listed properties.
List (Listing): When a seller signs a listing agreement with a broker to market their property.
Listing Agent: Agent who takes a listing on behalf of the broker.
Lock-box: Another term for a key box.
Lock-in: A term to obtain the interest rate at today's rate, or lock-in the rate.
MLS: Multiple Listing Service. An organization that distributes information on properties listed by MLS member brokers.
Property Profile: An informational/fact sheet about a property on the market.
Purchase and Sale Agreement: A contract between a buyer and a seller to purchase real property.
Transaction: A listing sold or the sale of real property.
VA: A type of loan, government guaranteed financing available to military veterans. |
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