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Spencer for Hire :: Realtor Experts Speak on Buyer’s Questions

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I have the great privilege and pleasure of conducting business with 3 of the most influential and professional African American Realtors in the Inland Empire on a daily basis:

Mike Teer Jr from Teer One Properties Inc, Andy Cleaves from Century 21 and Hennie Jones from National Realty Group.

These individuals are the best at their chosen fields and are number one in their respective companies.

They each have their own strategies to achieve client satisfaction and a complete one on one discussion with each of them will be done in the near future. For now, check out how they do business with homebuyers in our community. I asked them 10 popular Buyer questions and here are their combined responses.

1. When will I know the amount of funds required to close escrow?

Upon receipt of your loan documents and preparation of your escrow instructions, these Realtors work as a team with a lender to let you know the amount of funds you will need to close escrow.

2. Who will call me to schedule an appointment?

Normally, these Realtors will call you. However, sometimes they will have the title company make arrangements for your signing depending on the relationship with the title agent.

3. Can I give a personal check?

When I asked them this question, the resounding answer was “No”, According to California State Law, all funds must be in the form of a cashier’s check or via wire transfer. However, a title company can accept teller’s checks as long as they are drawn from a California banking institution. Please verify that your bank will issue a teller’s check. Let them know that you are purchasing a home and the check is being issued to a title company.

4. When do I get my keys?

All three agree it will be at the close of escrow, these Realtors will contact you regarding the disbursement of the keys. Usually, this is by noon on the day you close escrow.

5. How much time should I allow for my signing appointment?

They suggest you allow 45-60 minutes for your signing appointment.

6. What will the escrow officer explain to me at my appointment?

Normally these top-notched Realtors are present to provide support and assistance if you need them. Escrow instructions with terms of sale in your purchase contract, the estimated escrow statement, preliminary report and any documents unique to your transaction will be explained.

The escrow officer will also explain any reports and inspections that may be required on the property. These Realtors insure you are provided with a complete package of all documents you have signed so that you may take it home for further review. Should you have any questions after reviewing your package, you can contact them or your escrow officer.

7. What is a Statement of Information?

These experts explain that a Statements of Information provides title companies with the information they need to distinguish the buyers and sellers of real property from others with similar names. After identifying the true buyers and sellers, title companies may disregard the judgments, liens or other matters on the public records under similar names.

8. When should I shop for homeowners/fire insurance?

These Realtors suggest that you start shopping for homeowners/fire insurance as soon as your offer is accepted (they say it is a good idea to call your current insurer first and I agree). Know the age of your home when shopping for insurance. They also advise you to have your insurance agent contact your escrow officer when you have made your decision.

9. What will I need to take to the Escrow Company when I go in to sign my papers?

You will need to bring your cashier’s check payable to the escrow company (if the amount was given to you previously). Bring a valid driver’s license, California ID card, valid passport or Military ID.

10. When will I get my deed showing proof of ownership?

The day escrow closes is the day the deed records with the county and you become the owner of your home. It could take 6-10 weeks from that date for the county to mail you the original signed/recorded deed.

Well, there you have it, straight from our local experts in the Real Estate Industry. If I were a Realtor I would want to follow in their footsteps. These individuals are all full-time licensed Realtors dedicated to our community and willing to go the extra mile to help you achieve your long and short term goals.

I will try to share their words of wisdom as often as possible. Rates are rising and housing inventory is scarce so contact these gurus quicker than soon. Mike Teer Jr 909-452-2072, Andy Cleaves 909-544-0909, Hennie Jones 909-994-1873. See you next week.

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