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Tiered Buyer pamphlet_Digital

Step 1 Meet your agent

Step 1 Meet your agent Your initial meeting: It is ideal to get together, the first time, in person. At that meeting you can get to know one another as you share what you hope to accomplish and why. Things to discuss: You will visit about your big picture goals, for instance: • What lifestyle do you enjoy? (a city dweller or more of a great outdoor aficionado,etc.) • In choosing your home, what is more important to you? (architectural design or location) • Do you prefer proximity to neighborhood amenities or would you prefer to be further out? • If compromise is necessary, are you more interested in the house, the lot or location? • Are there others to consider in your purchase choice? (children, extended family, animals, etc.) There will be some upfront out of pocket expenses during the purchase process, for instance: • General Inspection - $350-$550 • Sewer Inspection - $100-$150 • Underground Storage Tank Search: $100-$125 • Radon Testing - $150 - $175 • Earnest Money: Generally 1-2% of the purchase price The cost of your Buyer Agent Representation…. • There is no charge to you. In Oregon and Washington, all commissions are paid by the seller. MEET YOUR AGENT

Step 2 Get loan pre-approval Meet with your preferred lender and get pre-approved for a home loan. A mortgage banker will ask you numerous questions about your specific financial needs and will examine your credit so he or she may match you with the best mortgage. Items you may need to get pre-approved: • A copy of your most recent bank statements • Your most recent W-2 or entire tax return • Proof of IRAs or retirement accounts and their current balances • Statements for any stocks or mutual funds you own outside of retirement accounts • A copy of your driver’s license • The most recent month’s paystub(s) • An application, appraisal and credit check fee (these fees depend on specific lender requirements and can vary) Loan Estimate (LE): At the end of the pre-approval process, you’ll receive a loan estimate (LE), which is a brief document spelling out the likely terms of the loan, including the interest rate, loan type (fixed-rate, adjustable and so on) and closing costs. GET LOAN PRE-APPROVAL

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