Home Shopping
This list contains the features you want in a home.
What is a wishlist?
This deposit shows the seller you're serious about buying the home.
What is earnest money?
This company handles the transfer of ownership and funds.
What is a title company?
Sellers should know this amount before listing their home.
What is home equity?
This emergency fund is recommended for homeowners to cover unexpected repairs such as a new HVAC system, roof replacement, or plumbing issue.
What is a home maintenance or emergency savings fund?
These are the Monthly fees charged in some neighborhoods.
What are HOA (Home Owners Associates) dues?
This document outlines the terms of the purchase.
What is a purchase agreement?
This document officially transfers ownership of the property.
What is a deed? (TN)
This document shows how much a seller still owes on their mortgage.
What is a mortgage payoff statement?
This is one reason a Seller may receive multiple offers.
What is pricing the home correctly?
This term describes a home's location relative to schools, shopping, and work.
What is location?
This clause allows buyers to back out if financing falls through.
What is a Financing Contingency?
This final review of the property occurs before closing.
What is a final walkthrough?
This professional can provide an estimate of a home's market value.
What is a REALTOR?
This professional examines the home's condition during the purchase process.
Who is a home inspector?
This report reveals a home's ownership history and possible liens.
What is a title report?
This contingency protects buyers if serious issues are found during inspection.
What is an inspection contingency?
This disclosure shows the final terms and costs of your loan.
Sellers may need to disclose known issues with the home on this form.
What is a Property Condition Disclosure?
Tonia Scott with Omni Park Realty
Brandee Mills with Primis Bank
Who is the REALTOR?
Who is the Senior Loan Officer or LENDER?
This type of property is owned by the bank after foreclosure
What is REO (Real Estate Owned) property.
This is the process of negotiation repairs after an inspection.
What is a repair amendment?
This is the day ownership officially transfers to the buyer.
What is closing Day (settlement)?
This calculation helps Sellers estimate their proceeds after closing costs and commissions.
What is a Seller Net Sheet?
Ashton Sawyer
Who is the Financial Advisor?