VVola teA trusted Name In Real Estate

Put An Experienced Buyer Representative To Work For You

9 1 3 7 Re s e d a B l vd . No r t h r i d g e , C A 9 1 3 3 5

818.326.2446 | www.VolanteRealEstate.com

Why? In most cases, a buyer doesn’t pay an agent; the buyer’s agent splits the commission with the seller’s agent, so our services are essentially free to the buyer! Also, we can access historical price data for home sales in any area, which means we can recommend a bidding strategy that targets comparableproperties that sold for less, rather than the midrange!Lastly, for safety - there’s a lot to securing your newhome correctly. Let us help you do it all in yourbest interests.

28 Years of Experience, Knowledge &

Integrity

For many years now, I have been a #1 agent of choice in the San Ferando Valley with more than 800 homes sold here. With 30 years nearly vested, through the many, many, referrals Real Estate has taken me all over the San Fernando, Simi, and Conejo Valley’s and at times the Riverside and Ventura County areas as well! If you are looking for Knowledge, Integrity, Experience and Pro-fessionalism in a Real Estate Agent, MIKE VOLANTE has them all! In closing nearly 900 transactions over the course of nearly 30 years, it definitely takes a strong team. Like the saying goes, “It takes a village to raise a child”. My success is due to my outstand-ing team who works tirelessly to give the ultimate in service.

Meet Our Buyer TeamWhy let us represent you?

Devin D. FrazierRealtor® | Buyer SpecialistCell: 818.693.4991

Devin@VolanteRealEstate.com

Mike VolanteRealtor® | Listing SpecialistCell: 818.326.2446Mike@VolanteRealEstate.com

Gabriel A. CruzLender & Mortgage Specialist

Office: 818.226.0084Gabcruz@sbcglobal.net

I have been in the mortgage business for over 25 years now; the first 10 as an FHA DE underwriter & manager. My #1 goal on every file is to insure the borrower has a complete & through understanding of the process, program, and loan. I like to believe that by the end of the transaction, I have been more of an educator that just a loan officer. Transparency is key, so I use a progress report system to ensure that at all stages of the process, all have a complete understanding of the status of a file on a day by day basis.

A tremendously energetic & driven professional who is dedicated to his clients’ success, Devin brings the highest level of hones-ty and integrity to all his endeavors. He is constantly praised for his attention to detail & personalized client service. As a buyer’s agent for Volante Real Estate, Devin provides his clients with cus-tom solutions to their home buying needs, guiding them through transactions with maximum effort, educating them on the intri-cacies of the market, keeping them updated on any and all devel-opments, and negotiating deals that put their best interests front & center. With his background in business & web optimization, Devin is excited to provide you with exceptional service & do whatever it takes to make your deal a win/win!

Sara Garcia is passionate about helping you achieve success; she will effi-ciently help you through the title transaction process. With over 21 years of diverse experience in the title industry, Sara possesses a comprehensive knowledge of how each job equates to an overall reputation of superior ser-vice. She also believes it is the support and effort of the entire Priority Title team which ensures all of your transactions proceed smoothly by providing high quality and custom closing solutions.

Sara GarciaPresident | Priority TitleOffice: 818.279.2177

SaraGarciaTitle@gmail.com

The Volante Real Estate team prides itself on our patience & ded-ication with many previous clients; from first-time buyers to ex-perienced investors! We take your next home or investment prop-

erty as serious as you do.Throuhout the process, we will commit our all our attentions to accomodating you & your fam-ily’s or business’ needs in your transaction in every way possible. We’re excited to get started in finding you the perfect purchase!

The Home Buying Process S t e p - B y - S t e p

Following this guide is the optimal path to finding & securing your perfect home

1. Select/establish a relationship with a Realtor.We are full time, professional REALTORS with extensive market knowldge. We will work together to find the right home for you. 2. Initial consultation with your Realtor to eval-

uate your needs & resourcesWe will meet to discuss your needs & analyze your resources. Once we establish your needs, we will provide guidance to financial instituions where you can obtain information in order to get the best financing available.3. Find the right home for you & your family.We will show you homes based upon the criteria that we have established together. The more precise and direct you are with us, the more successful our search will be.4. Determine the seller’s motivation.Once we have found the home that you wish to purchse, we will do the necessary research to help structure a successful offer.5. Write the purchase offer.We will draft the “Purchase Agreement” for you, advis-ing you on protective coningencies, customary practic-es, and local regulations. At this time, you will need to provide an “Earnest Money” deposit, usually 3% of the purchase price. The deposit check is not cashed until your offer has been accepted by the seller.6. Present the offer.We will present your offer to the seller & the seller’s agent. The sellers have 3 options: they can accept your offer, counter your offer, or reject your offer. Our knowl-edge of your needs & qualifications will enable us to represent you in the best way possible.7. Seller responds.We will review the seller’s response with you. Our nego-tiating skills and knowledge will benefit you in reach a final agreement.

8. Open escrow.When the purchase agreement is accepted and signed by all parties, I will open escrow for you. At this time, your earnes money will be deposited. The escrow company will receive, hold & disburse all funds asso-ciated with your transaction.9. The contengency period.This is the time allowed per your purchase agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject.

Typical Contingencies Include:• Approval of the seller’s Transfer Disclosure State-

ment• Approval of the preliminary report from the title

company• Loan approval, including an appraisal of the

property• Phyaical inspections of the property• Pest inspection & certification

10. Obtain homeowner’s insurance.We will work with your insurane agent and escrow office to make sure your policy is in effect at the close of escrow.11. Make down paymentWe will need a cashier’s check or money transfer for the down payment several days prior to the closing date of escrow.12. Close escrow!When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs into escrow and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Recorder’s office & you will take ownership of your new home!

The Inspection Process Cautionary But Necessary

When You Make An Offer On A HomeYour Purchase Contract will likely contain provisions allowing you various inspections of the prop-erty. The purpose of these inspections is to educate you as to the physical condition of the property you are puchasing. While these inspections do not provide guarantees of the condition of the prop-erty, they do provide valuable information to you as a Buyer. It is important to remember that your Purchase Contract may provide for withdrawal from the contract if these reports are unsatisfactory to you, but inspections should not be considered an open door to renegotiate the purchase price.

STRUCTURAL PEST CONTROL INSPECTIONOften referred to as a “Termite Report”, the Structur-al Pest Control Inspection is conducted by a licensed inspector. In addition to actual termite damage, the Pest Report will indicate any type of wood destroy-ing organisms that may be present, including Fungi (sometimes called “dry rot”), which generally results from excessive moisture.

• Section 1 ConditionsMost Pest Reports classify conditions as Section 1 or Section 2 items. Section 1 conditions are those which are “active”, or currently causing damage to the prop-erty. Generally, Section 1 items need to be corrected before a lender will make a loan on a home.• Section 2 ConditionsThose which are not currently causing damage, but are likely to, if left unattended. A typical Section 2 item is a plumbing leak where the moisture has not yet caused fungus decay.

Who Pays?Your Purchase Contract will specify who is respon-sible for the cost of the inspection & making these corrections. This is a negotiable item and should be considered carefully. I will advise you as to what is customary and prudent.

PHYSICAL INSPECTIONThe physical inspection clause in your Purchase Con-tract, when initialed by both parties, allows you the right to have the propeerty thouroughly inpected. This is usually done through a General Home Inspection. While Home Inspectors are not currently required to have a license, most are, or have been, General Contractors. The inspection and the resulting report provides an overall assessment of the present condition of the property.

What Is Inspected?The Home Inspection covers items such as exterior sid-ing, paint, flooring, appliances, water heater, furnace, electrical service, plumbing, and other visible features of the property. This is a general inspection and will often call for additional inspections by specific trades, such as roof and furnace inspections.

Further InspectionsIf conditions warrant, the Home Inspector may rec-ommend a Structural Engineer’s Report. Such a report would identify structural failures and detail recom-mended corrections.

Who Pays?Typically, this inspection is paid by the Buyer.

Associated CostsW h o Pa y s Fo r W h a t ?

The Seller can general-ly be expected to pay for:

• Real Estate Commission• Document preparation fee for Deed• Documentary transfer tax ($1.10 per $1,000 of

sales price)• Any city Transfer/Conveyance Tax• Any loan fees required by buyer’s lender• Payoff of all loans in seller’s name (or existing

loan balance if being assumed by buyer)• Interest accrued to lender being paid• Statement Fees, Reconveyance Fees and any Pre-

payment Penalties• Termite Inspection (according to contract)• Termite Work (according to contract)• Home Warranty (according to contract)• Any judgements, tax liens, etc., against the seller• Tax proration (for any taxes unpaid at Transfer of

Title)• Any unpaid Homeowner’s dues• Recording charges to clear all record against seller• Any bonds or assessments • Any and all delinquent taxes• Notary Fees• Escrow Fee• Title Insurance Premium

Yours Or Theirs?The Personal vs. Real Property Dilemma

The Buyer can general-ly be expected to pay for:

• Title Insurance Premium• Escrow Fee• Notary Fees• Document preparation (if applicable)• Recording charges for all documents in buyer(s)

names (according to contract)• Homeowner’s transfer fee• All new loan charges (except those required by

lender for seller to pay)• Tax proration (from date of acquisition)• Interest on new loan from date of funding to 30

days prior the first payment date• Assumption/Change of Records fees for takeover

of existing loan• Beneficiary Statement Fee for existing loan• Inspection Fees (roofing, property inspection,

geological, etc.)• Home Warranty (according to contract)• City Transfer/Conveyance Tax (according to

contract)• Fire Insurance Premium for first year• CC&R’s book (even if the escrow does not close)

The destinction between personal property & real property can be the source of difficulties in a real estate transaction. A purchase contract is normally written to include all real property; that is, all aspects of the property that are fastened down or an integral part of the structure. If there is any uncertainty whether an item is included in the sale or not, it is best to be sure that the particular item is mentioned in the purchase agreement as being included or excluded.

The Life Of An Escrow How Do We Get To Closing?

• Buyer & Seller sign purchase & sale agreement• Buyer places deposit• Buyer or Seller’s agent/broker opens escrow• Escrow holder orders Preliminary Title Report from Title Company• Escrow prepares instructions & documents• Escrow holder & agent/broker review preliminary report for any red flags• Buyer & Seller sign and return escrow supplemental documents• Escrow holder forward the “Statement of Information” to title officer to

clear title under General Index• Excrow holder obtains loan approval, check terms, order loan documents• Escrow holder reviews file and verifies all conditions have been met in-

cluding: Completion of termite reports, New insurance, Homeowner’s association information, Data on liens, Prepare additional documents if needed.

• Escrow holder receives loan documents• Buyer’s loan documents are signed & returned to escrow holder with re-

mainder of funds• Escrow holder reviews buyer & seller

file, verifying that documents are prop-erly executed, notarized, and funds are good & all conditions have been met

• Escrow holder requests funds from lender

• Escrow holder and title company re-view the title insurance requirements

• Escrow holder receives funds from lender

• Record Deed, close file, prepare state-ments, disburse funds and prepare 1099 report

Once Your Offer Is AcceptedW h a t Ha p p e n s Ne x t ?

We begin counting 17 days from the day & hour of offer-acceptance as our

starting day for our due diligence!

• We will set an appointment with an inspector to do the inspection.

• We will all receive (including you) a copy of the inspection report to review.

• We will go over all the details, and if need be, draw a “request for repairs” for you to sign.

• We will present this request of repairs to the seller.

• You will need to provide a “proof of funding” for the funds necessary to the close of escrow (a letter from your bank or something showing that you have the money to close)

• The seller will have to accept or reject our re-quest for repairs and there might be some more negotiating there to do.

• The seller will order a termite inspection and we will be advised on the results and receive a copy of the report. The seller is responsible to “fix”

problems as per our Wood Destroying & pest Inspection addendum.

• You will be recieving a Natural Hazard Disclosure (mainly covering and disclosing the earthquake issue, fire hazard and other local area disclosure.)

• We (including you) will be receiving a “prelim-inary title report” disclosing any problems with the deed or any lien if there is.

• You will be receiving a set of documents for you to sign all disclosures which we will help you go through.

• You will be receiving a full set of Home Owners Association (CC&R’s) covering all the covenants of the community.

• The seller will be orderding a Home Owner Warranty covering one year for all applicances including air conditioning and pool if relevant as per the offer.

On or before the 17th day, you will be asked to sign a “Removal of Contingencies” to confirm the fact that you

are “IN” and commited to close escrow. If you backk out anytime after this point, you will lose your deposit,

except if we have a loan contingency until funding. This would be the only contingency remaining.

Let The Volante Real Estate Team Work For You.

Our team provides our buyer clients with custom solutions to their home buying needs, guiding them through transactions with

maximum effort, educating them on the intricacies of the market, keeping them updated on any and all developments, and negotiating deals

that put their best interests front & center. We pride ourselves on being patient & ded-icated above all else during the process of finding & securing your home with you.

We are excited to earn your trust, provide you with exceptional service, as well as do whatever it takes to make your deal a win-win!

CalBRE Lic. #00969329 OFFICE 818.678.0265

Admin@VolanteRealEstate.comwww.VolanteRealEstate.com

A To p r e a lto r C h o i c e

HUndreds & hundreds o f C lo s e d e s c row s

28 years of knowledge,experience & integrity

Of San fernando valley