Peak Properties Buyers Guide - 2019

GUIDE TO BUYING
YOUR HOME

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WELCOME
LETTER
7
PRESS
TABLE OF
CONTENTS
6
GET TO KNOW
PEAK
8
GETTING
STARTED
12
THE DO NOTS
10
YOUR MORTGAGE
CHECKLIST
14
MAKING YOUR
OFFER
16
UNDER
CONTRACT
18
CLOSING
THE DEAL

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In our experience, a home isn’t a dream
home because of its room dimensions,
it’s about how you feel when you walk
through the front door, and, the way you
can instantly envision your life unfolding
there.
This is about more than real estate; it’s
about your life and your dreams. We
understand you are looking for a new
home and we want to be the real estate
professionals to help you get there. We
work with each of our clients individually,
taking the time to understand their unique
needs and lifestyle, and we want to do the
same for you.
We love matching our clients with the
home they have always imagined. It’s
incredibly fulfilling to know we are
helping them open a new chapter of their
lives. This is why we work so hard to not
only find that perfect home but also to
handle every last detail of the purchase
process, from negotiating the terms of
sale to recommending moving companies.
WELCOME TO THE
PEAK PROPERTIES
GROUP FAMILY!
This package contains helpful information
for home buyers, including an overview of
the entire purchase process, answers to
frequently asked questions, and fact sheets to
help us discover the home and neighborhood
characteristics most important to you.
After we review this information, our team will
prepare an in-depth, customized tour of homes
for you to consider, highlighting properties
that meet your criteria in neighborhoods that
suit your lifestyle.
WE APPRECIATE THE
OPPORTUNITY TO
WORK WITH YOU!

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ALEX TOOKE REALTOR®
Co-Founder | Employing Broker
CHAD NIXON REALTOR®
Managing Broker Northern Colorado
DEREK WEBER
Co-Founder | Operations Manager

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SUCCESSFULLY
NEGOTIATED OVER
$500,000,000+
IN CLOSED SALES!
WHY HIRE JUST ONE
AGENT, WHEN YOU CAN
HIRE AN ENTIRE TEAM?
LOCAL AND
NATIONALLY
RECOGNIZED
TEAM
DEDICATED
MARKETING AND
TRANSACTION
TEAM
LOCATIONS
IN NORTHERN
COLORADO
AND DENVER
TOP 1% OF ALL REAL
ESTATE TEAMS IN

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RECONGIZED IN
2018 Top 5 Fastest
growing company in
Denver
Five Star Real Estate
Professional
*multiple years
Top teams for production
and sides
Ranked as one of
America's Best Real
Estate Team
Listed in the top 1%
of all teams across
the country
Ranked #2041 out
5,000 business in
the nation
Two hundred + 5-star
reviewed team
AS SEEN ON
THE NATION

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LET’S GET
STARTED
1
INTERVIEW AND
HIRE YOUR PEAK
BROKER
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SELECT AND
WRITE
AN OFFER ON
YOUR DREAM
HOME
2
IN-DEPTH
BUYERS
CONSULTATION
5
GO UNDER
CONTRACT
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COMPLETE YOUR
MORTGAGE
APPLICATION
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SELECT & VIEW
PROPERTIES
WITH YOUR
PEAK BROKER
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SCHEDULE &
ATTEND YOUR
INSPECTIONS
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SHOP FOR YOUR
HOMEOWNERS
INSURANCE
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APPRAISAL
TIME
IT’S ALL ABOUT
YOU & YOUR HOME
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ATTEND FINAL
WALK THROUGH
& CLOSING
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TIME TO MOVE!
EASY EXIT
GUARANTEE

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WHO WORKS
FOR WHO?
BUYER AGENCY
Agent will represent
the best interests of
the BUYER
SELLER AGENCY
Agent will represent
the best interests of
the SELLER
TRANSACTION
BROKER
Agent will facilitate
for BOTH the Buyer
and Seller equally
LOVE IT OR LEAVE IT GUARANTEE
If for ANY* reason you need to sell your home
within the first 6 months after you purchase it,
we will sell it for FREE.
EASY EXIT GUARANTEE
If for ANY reason you need to cancel your
agreement with us you can.
No Questions Asked!
OTHER PEAK ADVANTAGES
Home Hunter Service - We keep you in front
of the market in real time
Showings On Your Schedule - We are a TEAM
of full time agents.
Distressed Listing Alerts - Be the first to know!
BuildFax® Reporting - Know the permit history
of any property before you buy
*Ask for details, guarantee does not apply to
investors or buyers flipping homes.

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START YOUR
PRE-APPROVAL
TODAY!
The first step to making the dream of
homeownership a reality is to find out how
much you can afford. Start your pre-approval
process today with a local lender and find out
just how much house you can buy!
“WORKING WITH A LOCAL
LENDER WILL SAVE YOU
TIME AND MONEY”

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YOUR MORTGAGE
CHECKLIST
1
W-2 forms from the
previous two years,
if you collect a
paycheck.
2
Profit and loss
statements or 1099
forms, if you own a
business.
3
Two most recent
paycheck stubs for
everyone on the
application.
4
Two most recent
SIGNED federal tax
returns.
5
A complete list of your debts, such as credit
cards, student loans, car loans and child
support payments, along with minimum
monthly payments and balances.
6
List of assets, including bank statements,
mutual fund statements, real estate and
automobile titles, brokerage statements and
records of other investments or assets.
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Canceled checks
for your rent or
mortgage payments.

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TOP 10
THINGS
NOT TO
DO WHEN
BUYING
A HOME
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DO NOT CHANGE OR QUIT
YOUR JOB(S)
DO NOT BUY A CAR
DO NOT USE CREDIT
CARDS EXCESSIVELY
DO NOT SPEND YOUR
DOWN PAYMENT
DO NOT OMIT DEBTS ON
YOUR LOAN APPLICATION
DO NOT BUY FURNITURE
DO NOT APPLY FOR ANY
NEW CREDIT
DO NOT MAKE ANY LARGE
DEPOSITS
DO NOT CHANGE BANKS
DO NOT CO-SIGN ANY
LOANS

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EARNEST MONEY
This is an amount you put forth after
you go “Under Contract” on a property.
(Usually 1-2% of the purchase price)
DOWN PAYMENT
The amount you put towards the loan
amount required by the lender.
(Usually 3.5-20% of the purchase price)
CLOSING COSTS
Typically this is an amount required
to pay to “close” the loan and pay for
the title policy.
(Usually 1-2% of the purchase price)
EXAMPLE
DOWN PAYMENT $20,000
EARNEST MONEY ($4,000)
REMAINING DOWN PAYMENT $16,000
CLOSING COSTS $6,000
COST TO CLOSE $22,000
TOTAL INVESTMENT $26,000
Down Payment (5% of Purchase Price)
Earnest Money (1% of Purchase Price)
Closing Costs (1.5-2% of Purchase Price)
*Estimates based on purchase price of $400,000

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WHAT DOES
YOUR FUTURE
HOME LOOK LIKE?
NEIGHBORHOODS
What neighborhoods do you prefer?
SCHOOLS
What school systems do you want to be near?
TRANSPORTATION
How close must the home be to
these amenities:
• Public transportation / Light Rail
• Airport access
• Major highway access
• Neighborhood shopping
• Schools
• Other
HOME STYLES
• What architectural style(s) do you prefer?
• Do you want a home, condo, or townhome?
• Would you like a 1-story or 2-story home?
• How many bedrooms do you need?
• How many bathrooms do you need?
HOME CONDITION
• Do you prefer a new or an existing home?
• What is the age of home you would like?
• How much work would you be willing to do?
• Do you have special needs that your home
must meet?

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AS YOU BEGIN DOWN THE PATH OF FINDING YOUR
DREAM HOME, CONSULT THIS LIST TO EVALUATE
PROPERTIES AND YOUR PRIORITIES.
NEW CONSTRUCTION
REPRESENTATION
Builder sales reps represent the interests of
the Builder not the buyer.
BUYERS COST
Reputable and honest builders absorb this cost
as part of their expense base. So NO COST to
you to work with an agent who has your best
interests in mind.
NEGOTIATION
Once you’re ready to sign the contract, your
Peak Realtor ® will work on your behalf to
negotiate the terms, from upgrade options to
financing and closing costs.
THE PROCESS
Once under contract your Peak Realtor ® will
ensure the process goes according to plan and
will be your advocate with the builder if things
get a bit bumpy.
VISIT A BUILDER
When visiting a builder for the first time make
sure to tell them you’re represented and hand
them one of your Realtors ® business cards.
OR, LET’S GO TOGETHER!
LET'S GO
TOGETHER

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MAKING YOUR
OFFER
Once you have found the property you want,
we will write a purchase agreement. While
much of the agreement is standard, there are a
few areas that we can negotiate:
THE PRICE
What you offer on a property depends on a
number of factors, including its condition,
length of time on the market, buyer activity,
and the urgency of the seller. While some
buyers want to make a very low offer, just to
see if the seller will accept, this often isn’t
a smart choice because the seller may be
insulted and decide not to negotiate at all.
ADDITIONAL PROPERTY
Often the seller plans on leaving major
appliances in the home, however, which items
stay or go is often a matter of negotiation.
DATE AND DEADLINES
If you can be flexible on the possession date,
the seller will be more apt to choose your
offers over others. Make sure you’re available
for inspections and to have conversations with
your agent. If you have vacations planned or
trips that you know about, please let me know.
ADDITIONAL COSTS
You may also have costs such as appraisal,
surveys, title work and more. Because we know
the insides and outs of contracts, we can help
you negotiate these expenses, saving you
potentially hundreds to thousands of dollars.
By far the most common is the counter offer.
In this case, our experience and negotiating
skills become powerful in representing your
best interests to get you the best price.
When a counter offer is presented we will
work together to review each specific area of
the counter offer, making sure that we move
forward with your goals in mind and ensuring
that we negotiate the best possible price and
terms on your behalf.
ACCEPT COUNTER REJECT

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UNDER CONTRACT
OUT OF POCKET
EXPENSES
HOME INSPECTION
($500+)
This is optional and is recommended to get an
overview of general condition of the property.
(based on the size of the home and age)
SURVEY FEE / ILC
($400+ - $3000)
This fee goes to a survey company to verify all
property lines and things like shared fences on
the property. (When Applicable)
RADON TEST
($150+)
This is optional and is recommended to get an
overview of general condition of the property.
(based on the size of the home and age)
This test will determine the level of Radon Gas
levels in the home. (According to EPA, radon
gas is the second most leading cause of lung
cancer in non-smokers)
SEWER INSPECTION
($99 - $200+)
This will send a camera down into the home’s
sewer system to look for cracks, roots, or
any other breaks in the line. (Average cost to
replace a sewer line - $4500- $15,000)
APPRAISAL
($500+)
This is paid to a 3rd party appraisal company
to confirm the fair market value of your new
home.
*** Keep in mind that there are many
other types of inspections, tests, and
certifications that we can recommend
when appropriate for the property you’re
interested in. The cost of these tests
are not covered by the Seller nor are
they required to fulfill your contract to
purchase. We always recommend that
you choose inspections that will help
you make the best decision possible.

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DON'T FORGET TO
START SHOPPING
FOR HOMEOWNERS
INSURANCE
TOP FIVE THINGS TO CONSIDER
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START AS SOON AS YOU
GO UNDER CONTRACT!
GET MULTIPLE QUOTES
ASK FOR A C.L.U.E.
REPORT
CHECK TO SEE IF YOUR
HOME IS IN A FLOODPLAIN
ASK ABOUT MULTIPLE
POLICY DISCOUNTS

CLOSING
THE DEAL
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PREPARE
FOR IT
Closing day marks the end of your home
buying process and the beginning of your new
life! To make sure your closing goes smoothly
you should bring the following:
SOCIAL
SECURITY
NUMBERS
AN INSURANCE
BINDER AND
PAID RECEIPT
A certified check for closing costs and down
payment. Make the check payable to yourself;
you will then endorse it to the title company at
closing.
ADDRESSES
FOR THE PAST 5
YEARS
PHOTO IDS
OWN IT
Transfer of title moves ownership of the
property from the seller to you. The two events
that make this happen are:
DELIVERY OF THE BUYER'S FUNDS
This is the check or wired funds provided by
your lender in the amount of the loan sent to
the title company.
DELIVERY OF THE DEED
A deed is the document that transfers
ownership of real estate. The deed
names the seller and buyer, gives a
legal description of the property, and
contains the notarized signatures of
the seller and witnesses. At the end
of closing the deed will be taken and
recorded at the county clerk’s office. It
will be sent to you after processing.

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LET'S
GET
STARTED!
OUR TEAM LOOKS
FORWARD TO
WORKING WITH YOU.

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