Answer: Almost everything.
A real estate agent is your most valuable asset when buying a home. They walk you through every part of the home buying process. They will educate and inform you of all your options. They will represent you throughout the transaction and beyond.

Answer: The Mortgage Pre-Approval.
Unless you are paying cash for a house, you will need to get a mortgage. In order to know how much home you can afford, you will need to get pre-approved for a loan. This is the first-step in the home buying process.

If you don’t already have a mortgage broker you are working with, just let me know and I can connect you with one of the many I work with. Get pre-approval before your search for property. Due to the low inventory, it’s necessary to submit a pre-approval letter with an offer, and without it, you can possibly lose out on a sale. 

Answer: We sit down and work out the details of an offer. Once we’ve determined what you want to include in your offer, I will fill out all the appropriate the paperwork. I review all the forms with you and gather all the necessary signatures. At this time we will ask your mortgage broker for a pre-approval letter specific to the home we’ve identified. I will forward the offer to the listing agent and advocate for you through to final acceptance. Once we’ve reached mutual acceptance, I will continue to see the process through, step by step until closing.

Answer: Both!
I regularly search the local listings in our area and will send you information on any and all homes that fit your needs.

I also, encourage you to use the home home finder search tool on my website. The information is pulled from the database we (local real estate agents) use. All the information is maintained and monitored by the Willamette Valley MLS and is the most accurate information available.

If you are using other websites like Trulia, Realtor.com, Zillow and others, please verify the accuracy of the information by utilizing my search tool or by messaging me personally.

Answer: You tell me!
Just let me know how often you’d like updates and your preferred method of communication. I will keep you up to date as often as you’d like.

Answer: Around 45-60 days
The timeline for finding a house varies greatly from person to person. Once you find a house and have an accepted offer, it usually takes around 45-60 days to close.

Answer: Nothing. In most cases, you do not have to pay your REALTOR® anything to help you purchase a home. The sellers pays their REALTOR® a fee, and then that listing agent pays the buyers agent for bringing the buyer and facilitating the transaction.

Answer: A 620 credit score, or higher, is recommended. As you are probably aware, a higher credit score offers better lending terms. This is an ever evolving topic, however, as loan requirements are constantly changing. There are some lenders who will approve buyers with a 580 score, sometimes even lower. Your loan officer will be the best source to give you a current answer for today’s lending requirements.

Answer: Yes, there are some great home buying programs to research. The main ones would be VA loans, USDA loans, and FHA loans. I work with several great Mortgage Brokers/Loan Officers. I’m happy to partner you with one that is the perfect fit for you. They will inform you of all the great programs available and pair you with the loan that best fits your needs.

Answer: It depends on your loan type. Usually 3% to 5% down.
The most common answer is 3% to 5% of the purchase price. FHA loans just dropped their requirement from 3.5% to 3.0%. There are also some conventional loans that only require 3% down. Veterans are usually eligible for a VA loan, which requires no money down. Properties in rural areas are usually eligible for a USDA loan, which also requires no money down.

Answer: Mainly loan origination and closing costs.
The down payment is usually the largest cost associated with buying a house. Lending fees are the second largest costs to homebuyers. Most lenders will charge between 2% to 4% of the loan amount for loan origination fees, depending on the loan type. Conventional loans usually have lower loan origination fees, but require more money down. Your loan officer will be able to help you determine how much you can expect to pay towards loan origination and closing costs.

Answer: Coldwell Banker Mountain West Real Estate, Inc. agrees to provide the following services FREE*, for as long as you own your home, upon request.  (Buyer must be represented by a Coldwell Banker Mountain West Associate.)

• Leaking Faucets: Only the leak. We do not guarantee to repair damage resulting from the leak. We do not cover fixtures that need to be replaced.
• Leaking Sinks: Only the leak. We do not guarantee to repair damage resulting from the leak.
• Leaking Shower Head: Only the leak. We do not guarantee to repair damage resulting from the leak. We do not cover fixtures that need to be replaced.
• Wall Holes: We will repair holes in dry wall resulting from doorknob intrusion. Painting not included.
• Towel Racks: We will repair loose or removed towel racks where they attach to the wall. We do not replace the towel rack fixture.
• Light Bulbs: We will change out hard to reach light bulbs, interior and exterior. Light bulbs not included.
• Electrical Wall Sockets: We will repair all interior wall sockets. Does not cover code violations or updating to G.F.C.I.
• Interior Light Switches: We will repair all interior light switches. Does not cover code violations or updating to G.F.C.I.
• Leaking Toilets: We will repair toilet leaks at the water connection points. We will repair 'running toilets' if possible, but do not guarantee the internal mechanism.
• Door Adjustment: We will adjust door/cabinets where possible, within the manufacturer's allowed ability to do so. Excludes garage doors.
• Interior Caulking: Sinks, shower and tubs.
• Install Door Locks: As existing holes permit. Owner to supply locks.
• Install Battery/AC Power Smoke Detector: Property owner to supply alarms.

We will attempt to repair other problems you may encounter, but reserve the right to decline repair items not listed, at our sole discretion. When possible, we will perform repairs at no cost, with the exception of charging for materials. This service agreement covers only the items listed. The service agreement is only available to buyers represented by a Coldwell Banker Mountain West agent/broker.

• Call our Service Representatives today to see what we can do!
• 503-485-5357
• Single family residence/duplex units only. All covered items must be in normal operating condition at close of escrow. Primary dwelling only, outbuildings not covered. CCB#152837