Accel Realty Partners Home Buyers Guide 2017

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BUYER RESOURCE GUIDE

WE ARE IDAHO REAL ESTATE
Accel Realty Partners has been called one of the finest real
estate firms in the Boise area. Our company is comprised of a
select group of experienced and knowledgeable real estate
Agents and Staff to provide our Clients with the highest level of
personal service and expert advice. Whether you are buying,
selling, or investing our Agents are available to provide
expertise in all areas of your real estate transaction.
We pride ourselves in a culture that resonates with each Buyer
or Seller to feel that they are working with high standards.
Below are some fiduciary responsibilities that as your Agent
we will always abide by:
OBEDIENCE
LOYALTY
FULL DISCLOSURE
CONFIDENTIALITY
ACCOUNTABILITY
REASONABLE CARE
Accel Realty Partners, LLC 2017 All Rights Reserved

We believe every client deserves a distinctive real
estate experience based on a foundation of trust.
As your trusted advisors it is our responsibility to negotiate the
best offer when buying a home. We understand that purchasing
a property brings with it a multitude of emotions. This guide is a
great tool in understanding the entire process from the buyer
consultation to the closing table, in order to ensure your
transaction is as seamless as possible.
We pride ourselves on talented and experienced professionals
who have a passion for real estate and will represent you with
the highest quality.

Our national reach, yet local knowledge provide a great
platform for your home buying experience. Treasure Valley
neighborhoods offer a vibrant lifestyle second to none and
Idaho is one of the best places in the world to live.
Trusted expertise is a core value at Accel Realty Partners. We
know there are many real estate companies to choose from
and we take your trust in us very seriously. Buying a home is
one of the most important decision you can make in a lifetime.
Our experience and high-integrity Agents are there to guide
you through the process every step of the way.
IdahoRealEstateSearch.com

5 FINANCIAL REASONS
TO BUY A HOME
A Harvard University study revealed five financial reasons why
people should consider buying a home:
1. Housing is typically the one leveraged investment available
2. You’re paying for housing whether you own or rent
3. Owning a home is a form of “forced savings”
4. There are substantial tax benefits to owning
5. Owing a home is a hedge against inflation

OVERVIEW

BUYING PROCESS
We will be with you every step of the process as your advocate, fiduciary,
and friend. We will provide accurate information so that you can make
informed decisions. This is more than real estate, it’s about your life and
dreams.

ADVANTAGES OF A BUYERS AGENCY AGREEMENT
Entering into a Buyers Agency Agreement in Idaho has
countless advantages. When you sign the agreement you are
simply hiring a personal representative who, by Idaho law, must
represent and respect your duty of care, confidentiality, and
disclosure to the best of their ability. This personal
representation is available at absolutely no cost to you. (The
Seller's Agent is responsible for paying the Buyer’s Agent fee.)
Working with us means you have a professional team devoted
to protecting you. In today’s environment one mistake in a real
estate transaction can cost you thousands of dollars or worse
the opportunity of not getting your dream home. It is another
reason why a Buyers Agent Agreement is the best way to make
sure that you are properly protected throughout the entire
process.
As your Agent, our job is to leverage all of the resources,
knowledge, tools, and experience we have in order to find you
the perfect home within the time period you tell us. We will treat
your purchase as if it were our own, giving you peace of mind
knowing that every date and detail is being handled with care.
This eliminates confusion, stress, and anxiety.
As a first-time home buyer, having a Buyer’s Agent is an
essential part of making sure that your experience is
educational, enjoyable, hassle free, and, most important,
productive.

LOAN PRE APPROVAL
Few people can buy a home for cash. According to the most
recent statistics nine out of ten Buyers finance their home
purchase. Getting a pre approval is important because it allows
you to know which mortgage (lowest cost and best terms) is
right for you. It allows you to be certain the mortgage terms are
in your best interest and how much home you can afford to buy.
Your lender will provide a pre approval letter that shows your
borrowing power. You are free to visit as many lenders as you
like but keep in mind that each one carries with it a new credit
inquiry, which may show up on credit reports. Although the pre
approval is not a final loan commitment, it is provided to the
Sellers when offering on a home as it demonstrates your
financial strength and shows your ability to go through with a
purchase. This information is important to Sellers since they do
not want to accept an offer that is likely to fall through because
financing cannot be obtained.

WHAT TO EXPECT IN THE MARKET
Navigating and understanding the psychology of the market
can be very complex. In your search for a home, it is likely
you’ll come across different types of Sellers. Each one will
have different closing time frames, negotiation styles, pricing
strategies, previous biases, and time frames for accepting
your offer. Without knowing the varying characteristics of the
different types of Sellers it can be frustrating as a Buyer.
One distinct challenge of our current market is levels of low
inventory in select areas and price ranges. There has never
been a better time to work with a proven, professional Agent
who is committed to your home buying success.
A Partners, LLC 2017 All Rights Reserved

LOOKING AT HOMES
It is important to consider all your priorities when searching for a
home. At a certain price which features do you want and which
features do you need? For instance, would you trade fewer
bedrooms for a larger kitchen? A longer commute for a bigger
lot, or lower cost? You’ll want to consider all your needs in
advance.
We will work with you to narrow down your selection of homes
based on the criteria to find the top choices. The market is
always in flux and never static so it is important to have
representation working for you that has access to multiple
options of homes available for purchase.

It came on the market last night.
You won’t find it on Zillow.
But you will on
IdahoRealEstateSearch.com
When you want the most accurate, up-to-the-minute, Boise area real
estate information, you may not find it on a “last week” national site.
IdahoRealEstateSearch.com, powered by local IMLS data, is the first
place that local real estate information is updated. In addition to finding
every home currently on the market, you can:
• Research Neighborhoods
• Search for Open Houses
• Learn what your current home is worth

HOW TO DETERMINE PRICING
The price you offer for a home is based on a wide variety of
factors. These are specific to the local market, your financial
situation, and the determined property value.
Other factors may include days on market, the condition of the
home, desirability of the neighborhood, sales price of
comparable homes, the re-sale potential, and always the
Seller's motivation level. We use specially-developed tools and
training to help you get the home you want at the best price
possible. We have access to up-to-the-minute information
about the Boise area market, including specifics in your
preferred neighborhood or area. A comparative market
analysis or “CMA” will be used as a guide in making an offer
that is in tune with the current market. Tools and data will take
into account all the variables that may affect a home’s value
and potential price.
We will work closely with you to effectively advise on the right
offer price. There will likely be inventory conditions, competition
factors, seasonal trends, neighborhood amenities, and other
influences that can affect demand. Proximity to schools, parks,
shopping, and transit can play a significant role in determining
your asking price.
DAYS ON MARKET
CONDITION
MORTGAGE RATES
LOCATION
COMPARBLES
INVENTORY
Accel Realty Partners, LLC 2017 All Rights Reserved
5

OFFER

“PENDING” PROCESS
When a Seller accepts your contract to buy their home we say
that the home and offer is “Pending”. There are sequential steps
that must be completed before the purchase is complete, which
happens at the “Closing”. The steps include:
TITLE COMMITMENT
This is a search and examination of the public records for matters
affecting the title to the real estate being purchased. It may
include looking for unpaid taxes, easements, names of people on
title and outstanding liens and mortgages.
INSPECTION
This is where you as the Buyer get to choose a third-party, notrelated-to-the-transaction,
person to inspect the physical
conditions of the property you are buying. They will inspect the
roof, the attic, the crawlspace and all rooms of the structure.
It is strongly recommended that you attend the inspection or at
least the tail end, so that if you have any questions regarding the
property you will have the opportunity to ask the inspector. The
typical inspection takes approximately 1 to 2 hours and the cost is
your responsibility as the Buyer. Every inspector is different and
the time it takes depends on the square footage and acreage of
the property. At the conclusion of the inspection the inspector will
give you a detailed report of items that were found that may be of
concern. These items can be addressed with the Seller as an
addendum to the purchase agreement.
6

“PENDING” PROCESS
APPRAISAL
An appraisal is a standard part of the lending process. Banks
and mortgage companies will grant their loan based on the
appraisal value of the property (as the home will be used as
collateral for the mortgage). An appraisal is done by a state
licensed Appraiser and is much more detailed than a CMA.
Some items in the appraisal will include comparing the subject
property with three similar properties in the area that have
recently sold. The Appraiser will assess the real estate market
in the place where the subject property is located and highlight
any negative aspects affecting the market value like poor
physical conditions, deferred maintenance, or neighborhood
factors.
LOAN CONDITIONS / CLOSING CERTIFICATION
When the lender has fully approved the loan it still needs to be
satisfactory in the Buyers discretion. The closing certification is
a document which states the terms under which the lender
agrees to make the loan. It will include the interest-rate, length
of loan agreement, and any requirements the Buyer is expected
to meet.
FINAL WALK THROUGH
As a Buyer you will be given the chance to look at the home in
person (“Walkthrough”) to make sure it is in the same condition
as when you first saw it and signed the purchase agreement.
6

CLOSING DAY
The closing day brings together all the parties in a real estate
transaction. It is sometimes called settlement or escrow, but in
most cases you will go to a Title Company to sign the
paperwork related to the purchase. The closing takes about an
hour and will be conducted by a trained representative of the
Title Company who will compile all the documents needed to
transfer title in the property and record those documents with
the county. At closing, the Title Company will prepare a new
deed. Your lender will require that you sign the loan documents
and deed as evidence that you are responsible for repaying the
loan. You may be asked to set up an escrow account. This is a
neutral depository for funds that will be used to pay expenses
incurred by the property such as taxes and property insurance
that fall due in the future.
There is little a Buyer needs to bring to closing other than their
state issued identification and possibly a cashiers check for
any amount you are putting down above and beyond the loan.
Be prepared to sign multiple pages of documents.
If there is a mortgage involved in the transaction, the funding
will occur soon after the closing. Once the funding has
happened, the Seller receives their payment for the home and
the Buyer receives ownership…the keys, garage door openers,
etc.
7

Live in the Treasure Valley
Let Accel Realty Partners handle all the details of your new home
purchase in the Boise area. Our neighborhood experts service the
entire Treasure Valley with decades of combined experience to
better serve you. Let us show you the different “hot spots” around
town, our favorite restaurants, and point out what school districts
and programs might make your little ones feel right at home.
Visit IdahoRealEstateSearch.com and start looking for
properties from your computer or phone, with new listings coming
on every few minutes.
8

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creating a global network of professionals to serve the needs
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Within each market the consumer and brokerage communities
alike have direct access to each exclusive global partner.
That exclusive access ensures the appropriate match between
Client and Agent is achieved and the personal attention
accountabilities preserved. All global partners have been
sourced and vetted for their high standards of exceptional
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prospective client each global partners showcased and
supported by a technology rich and user-friendly website