For a Buyer
Analysis of family needs
Search of properties to choose from
Pre-qualification for financing
Coordination of inspections
Application for financing
Search of hazard insurance
Contract negotiation
Assistance the day of closing
For a Seller
Market analysis to determine sales price
Marketing and advertising
Contract negotiation
Analysis of Net Proceeds
Assistance the day of closing
For Both
Consultation for re-financing of existing loans
Organization and management of investment packages
Hands-on training program to become a professional real estate agent.
The Buying Process
The Agent:
An Avangard agent will be your guide through the process detailed hereinafter.
The Offer:
Document that reflects what you are willing to pay for the property and the conditions of sale.
The Contract:
Accepted offer, duly executed and dated.
The Title:
Deed of property generally prepared by title insurance company, after a thorough title search of public records.
The Financing:
Process to secure a loan for the purchase of the property. Our agent will help you choose among all the possibilities.
The Inspections:
Reports of the actual condition of the property, used to request the required repairs from the owner.
The Approval:
Underwriting of the loan package prepared with the information furnished by the applicant.
The Repairs:
Upon confirmation of the loan approval, the owner proceeds to do the required repairs prior to closing.
The Closing:
Execution of the loan documents, the note and the deed of trust, and disbursement of funds. Generally, the closing takes place at a title insurance company, which files the documents on public record.
Documents
Required Documents For a Mortgage Loan
Legal Status:
- Citizen or permanent resident.
- Driver’s License or identification.
- Social Security Number.
Place of Residence:
- Last 2 years address.
- Landlord’s name, address & telephone number.
Work History:
- Employer’s name, address & telephone number for the last 2 years.
- Copy of income tax return with W-2 or 1099 (last 2 years).
- Last pay stubs (30 days).
Financial Status:
- Bank account statements (last 3 months).
- Retirement accounts, 401K, etc.
- Other Income or Liabilities
The Selling Process
The Agent:
You hire Avangard to market and sell your property. An agent assigned to represent you through the process detailed hereinafter.
The Offer:
Document that reflects what a specific buyer is willing to pay for the property and under what conditions. While under negotiations with a particular buyer, any other offers are simultaneously submitted for your analysis.
The Contract:
Accepted offer, duly executed and dated.
The Title:
Deed of property generally prepared by a title insurance company. Your help will be required to clear the exceptions, should any appear after a title search is completed.
The Repairs:
Upon confirmation of the buyer’s approval for a loan, the required and previously agreed repairs must be done and completed prior to closing.
The Closing:
Execution of the warranty deed and disbursement of funds. Generally, the closing takes place at a title insurance company, where documents are notarized and filed on public record.