MY JOB AS A RESIDENTIAL SALE SPECIALIST

BUYER CONSULTATION;

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You and I will meet to Narrow your Search by evaluating what you "want and need" in a home; I will make sure you understand all the steps involved before they happen; I will return your calls promptly; I will be your one connection to all relevant services; I will keep you informed of any changes and you too keep me informed of any changes or Activity Immediately; I will understand your point-of-view and represent it fully in all negotiations; I will do everything I can to simplify the entire process for you; as your broker I work for your best interest.

MORTGAGE PRE-APPROVAL;

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Stribling & Associates, Ltd has worked with many different mortgage companies and we will work with you Step by Step.

VIEWING HOMES;

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You will view available homes that meet your criteria. I will keep you informed about new listing coming on the market and email you new listing and what is happening in the Market.

MAKING AN OFFER;

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When you are ready, I will present a written offer by email,a long with small deposit to show your "earnest" intentions.Seller accepts or rejects your offer, or enters into negotiations by making a counter offer.

REACHING AGREEMENT;

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At this point you or I will inform your lawyer and I will act as ago-between in negotiations. You and Seller greet on the Price and terms.

CONTRACT OF SALE ;

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Down payment placed in Trust account as specified in the contract. In New York an Attorney review of Contract is Customary.

HOME INSPECTIONS/ PUNCH LIST;

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Before going into closing we will have walk-thur we call this "punch list",the seller will repair anything that needs to be fixed. Should any concerns arise I will help you and the seller resolve them.

SCHEDULE HOME APPRAISAL;

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Your bank mortgage will arrange for your home appraisal, it is required whenever a home is Financed. I will work with the appraiser to make sure that everything goes well with the building management team.

BEFORE CLOSING DAY;

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I will manage and track what is happening until closing day and you will be informed by email or phone call.

ESTIMATED CLOSING COST;

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You will get final closing costs from your attorney and lender one day before we go into closing.

The information below is provided for your general information; however, it is meant to be an estimate only and is subject to change at any time. You must consult your accountant or attorney to obtain the closing costs as they pertain to your individual circumstances.

PAID BY PURCHASER;

New York State Mansion Tax:
This tax is 1% of the price on transactions of $1,000,000 or over. For example, on a $1,250,000 sale the tax is $12,500

New York city Mortgage Recording Tax-Condos and Townhouses Only:
1.80% for all mortgages securing less than $500,000

1.925% for mortgages of a 1, 2 or 3-family dwelling, or an individaul condominium apartment securing $500,000 or more.

2.55% for all other mortgages securing $500,000 or more

OTHER EXPENSES;
Legal Fees, Title Insurance{condos and townhouses only},Financing Fees, Move-in Fee, Managing agent Fees, Flip Tax{as per building's by-laws}.

BRING TO CLOSING;

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Certified bank checks for closing, Settlement costs and your check book for any incidental costs or other expenses.

AT CLOSING SETTLEMENT;

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Today you will get the keys to your new Home, Mortgage and other documents signed, adjustments made for miscellaneous item as taxes, closing cost, your broker gets paid by the seller, the seller is paid by the lender and you are given your TITLE or Deed.