Buying with Future Real Estate

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DETERMINING YOUR HOME Please take a moment to complete this home preferences worksheet. The more I know about your preferences, needs and priorities, the better I will be able to focus our search on properties that most closely match your criteria. Unless you are building your dream home from the ground up, there are often compromises involved in deciding whether or not you will be satisfied with a given property. Please write down your preference (must have, nice to have, dream item) to each feature then rate from 1 - (no importance) to 5 - (must have): PREFERENCE RATE 1-5 # OF BEDROOMS: # OF BATHROOMS: FAMILY ROOM: DINING ROOM: KITCHEN: 1 OR 2-STORY HOME: SQUARE FOOTAGE: CLOSE TO EMPLOYER: SCHOOLS/DAYCARE: REC CENTERS/PARKS: ARCHITECTURAL STYLE: SWIMMING POOL/SPA: GARAGE: DECK/PATIO: CONDITION OF HOME: SQUARE FOOTAGE: PUBLIC TRANSPORTATION: FREEWAY ACCESS: SHOPPING/DINING: WHICH COMMUNITIES OR AREAS OF HOUSTON WOULD YOU LIKE TO FOCUS ON?
YOUR GUIDE TO REAL ESTATE Amendments: A change—either to alter, add to, or correct—to part of an agreement. Appraisal: An estimated property value resulting from analysis of facts about the property; an opinion of value. Buyer Closing Costs: The expenses incurred by the buyer during the closing process, including loan origination fees, appraisal fees, and title insurance premiums. Close of Escrow: The date when documents are recorded and title passes from seller to buyer. On this date, the Buyer becomes the legal owner, and title insurance becomes effective. Closing Disclosure: A document provided to the buyer by the lender before closing, outlining the final terms of the mortgage loan, including interest rate, monthly payments, and closing costs. Comparable Sales: Sales that have similar characteristics as the subject real property, used for analysis in pricing and for the appraisal. Commonly referred to as “comps.” Earnest Money Deposit: Down payment made by a purchaser of real property as evidence of good faith; a deposit or partial payment. Easement: A right, privilege, or interest, limited to a specific purpose that one party has on land owned by another. Home Inspection: An assessment conducted by a professional to evaluate the condition of a property, identifying any potential issues or defects. Home Insurance: Insurance coverage that protects a homeowner against financial loss from damages to their property and liability for accidents that occur on the premises. Home Warranty: A service contract that covers the repair or replacement of home systems and appliances due to normal wear and tear during a specified period. Interest Rate: The percentage charged by a lender for the use of borrowed money, typically expressed as an annual percentage rate (APR). Lien: Form of encumbrance that usually makes a specific parcel of real property the security for the debt or discharge of an obligation. For example: judgments, taxes, mortgages, deeds of trust. Option Period: A specified timeframe during which a buyer can conduct due diligence on a property and decide whether to proceed with the purchase without forfeiting earnest money. PITI: A payment that combines principal, interest, taxes and insurance. Title: A legal document that establishes ownership of a property and provides details about any existing liens or encumbrances.
Page 1: BUYING WITH HOUSTONLUXURYREALESTATE
Page 4 and 5: THE BUYER’S OUR TEAM’S COMMITME
Page 6 and 7: YOUR CLIENT Embarking on your home-
Page 8 and 9: OUR TEAM’S OF PERFORMANCE - MY RE
Page 10 and 11: • Discovery of the buyer’s goal
Page 12 and 13: NAVIGATING THE BUYING PROCESS - STE
Page 18 and 19: TO ASK YOUR REALTOR ® 1. Are you a
Page 20 and 21: CLIENT STORIES Morad Fiki is an exc
Page 24: THANK YOU HOUSTONLUXURYREALESTATE.C

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