The Process
Speak to a Terry Cooper our mortgage rep
What is the first step to buying a home
EMD
What is earnest money deposit held in the attorney's trust account which goes towards purchase
Huge area of NJ
Advise a seller on a counter offer number
What is something a realtor cannot do if they represent both sides
Tank Sweep
What is something we recommend to the Buyer tocheck the property for underground oil tanks. Usually relevant on homes built before 1975
Realtor gets paid
Where is at the closing table
Comp
What is a comparable home to the subject property, used for price comparison for a buyer or a seller
Buyer's Counseling Session
What is a meeting to understand buyers needs so as not to take them into homes that may waste our time
Meet a new buyer at the property
What a realtor should NOT do for safety reasons before having a zoom or in person meeting in an office first
Call Raja to order title
What is James Mitchell's responsibility
Home Inspection
What is the part of buyer's due diligence and expense to make sure the home has no major defects. Conducted once the property contract is approved by the attorneys.
Seller's Disclosure
CMA
What is an in depth analysis of competing homes when a seller is considering listing his home for sale
Sell a house
What a realtor doesn't do. Real estate is a matchmaking process.
Order the appraisal
What is something the lender does
Under contract
What is the end of an attorney review period. A contract isn't binding until 3 days after executed or whenever attorneys agree on terms.
Referral Fee
What I would receive if I referred a buyer or seller to another agent anywhere in the world
Punching Bag
What is usually what I become midway through a transaction when there is any small problem
Get a Certificate of Occupancy(CO)
What is an inspection a seller MUST have their twp do before closing. Usually requires a safety inspection
Negotiating
What is something the realtor does. This market is one that is best served with an experienced agent.
Rob DeGennaro
Who is the contact for homeowner's insurance that must be secured if getting a loan
Sphere of Influence
Where most of my business comes from. People I already know such as BNI, previous clients and acquaintances.
Absorb the stress
What is what a good realtor does to make the transaction smoother for a seller or buyer
Recommend Claudia Ryan
What is something you should all be doing!
Showingtime
Who is responsible for security, scheduling and tracking appointments for my listing.