Return to flip book view

Page : 1 Your Home BuyingEXPERIENCEPRESENTED BY

Page : 3 WHO WE AREOur TeamYour AgentMullin Blankfeld Top Ten AwardsOur Sales in the Past YearMullin Blankfeld Principles and BehaviorsMullin Blankfeld BeliefsBerkshire Hathaway - A Pedigree Like No OtherBerkshire Hathaway - A Name Respected WorldwideBerkshire Hathaway - Across the US Real EstateBerkshire Hathaway - We Have The Valley CoveredWHAT WE DOSelecng an AgentFinancing Your Home PurchaseWhat kind of Home are you looking for?Zip Code MapHow Do Commissions Work?How Do Commissions Work?Our Website- A great resource for home buyersUlizing all Real Estate ResourcesNew Homes…WE CAN HELP YOU WITH NEW HOMES TOO!The Steps to buying a home in Southern NevadaThe Steps to buying a home in Southern NevadaAgency RelaonshipsThe Mullin Blankfeld Client Portal – We keep you Informed with the Ulmate in TransparencyHome Warranty/ Home Owners InsuranceSome Home Warranty OponsHome Inspecon/Home AppraisalHOA/CIC Home Owners Associaons or Common Interest CommuniesWhat is an Escrow?What a Title Company DoesCircle of an Escrow – All the CollaboratorsForever Concierge – Live EasyLas Vegas Real Estate NOW – Our Radio ShowWIRE FRAUD - Don’t let your money be stolen!Ulies Contact InformaonGlossary of TermsOur Commitment to YOUPage 06Page 07Page 08Page 09Page 10Page 11Page 12Page 13Page 14Page 15Page 18Page 19Page 20Page 21Page 22Page 23Page 24Page 25Page 26Page 27Page 28Page 34Page 35Page 36Page 37Page 38Page 39Page 40Page 41Page 42Page 43Page 44Page 45Page 46Page 47Page 51table of contents

WHO WE AREPage : 5

Page : 6 Choosing Mullin Blankfeld means not only working with one agent, you’re working with an enre team of experts handling every aspect of the process.PRINCIPAL AND FOUNDERSENIOR PARTNER AND GM OF OPERATIONS“A modern and customized approach to Real Estate.”“Whatever it takes and only what works.”“When you have us, you get 7 for the price of 1 - Each of our associates is backed up by Ma Mullin, Harvey Blankfeld and our in-house experts to watch your back every step of the way.”MATTHEW MULLIN HARVEY BLANKFELDPARTNER AND DIRECTOR OF SALESDANIEL BOSTICMANAGER OF CLIENT EXPERIENCEKARLEE AMESMANAGER OF MEMBER EXPERIENCECRYSTAL BROWNDIRECTOR OF ADVERTISING AND MARKETINGKEVIN DORDALstrength in numbers

Page : 7 MEET YOUR PROFESSIONALHARVEY BLANKFELD(702) 203-1165harvey@mullinblankfeld.comLic #S.0048897After being born and raised in Baltimore, Maryland, Harvey Blankfeld looked to the west and decided he saw his future in the bright Las Vegas_ lights. Harvey, his wife, and their two sons have lived in the valley since 1993 and thoroughly enjoy the lifestyle and opportunities they have found here. However, Harvey continues to maintain his east coast ties with family and friends and loves those Baltimore Ravens! With an extensive background in restaurant management, Harvey saw an opportunity to take his people skills to the next level in his own business: real estate. He quickly recognized the importance of education and has acquired three of the most distinguished real estate designations. Harvey is an SRES, or “Senior Real Estate Specialist”, ABR, or “Accredited Buyers Representative,” and also holds the highest designation in residential real estate as a CRS, or”Certified Residential Specialist”. Harvey feels earning a client’s trust is what real estate is all about. He enjoys focusing on the details of the real estate transaction, tying up all the loose ends for his clients. Harvey states, “I know that my clients are entrusting me with some of the largest financial moves they will ever make. I take that faith very seriously. I never want to let my clients down.” Harvey is also the host of his own radio show! That’s right. Harvey hosts Las Vegas Real Estate NOW every SATURDAY at 11 AM on 101.5FM AM720 KOWN here in Las Vegas. Be sure to tune in to hear about what’s going on in the Las Vegas real estate market!

Consistent Results, No Matter the MarketCONSISTENTLY TOP 10awards & recognition2021 2nd 2020 2nd2019 2nd2018 4th2016 4th2015 5th2014 5th2013 2nd2012 6th2011 7th2010 8th2009 6th2008 6th2007 5th2017 4th20221st2006 3rd2005 7th20049th Page : 8

OUR HOME SALESExperse in All Areas of the Las Vegas Valley Experse All Price RangesFROM JAN 2023 - DEC 2023Page : 9

Every client has unique goals, and our role is to discover them and support them1. Ask great quesons2. Listen generously3. Provide customized soluons4. Provide relevant data and facts5. Don’t predict the future or guess6. Follow the processes7. Provide transparency and face reality8. Expect the unexpected and expect to deal with it9. Engage in blameless problem solving with posive acons10. Speak with integrity - make and keep commitments11. Say what you mean, mean what you say and don’t say it mean12. Speak directly with no gossip, respond to everyone13. Take what you like and leave the rest14. Focus on what we can control - respond instead of react15. The opinions of others reect their own personal trust not THE truth16. Have the courage to ask great quesons and express what you really want17. Communicate with others as clearly as possible to avoid misunderstandings18. Don’t predict the future, develop strategies - Maybe. Now What?Facts, data, and processes result in better decisionsTake personal responsibility for delivering resultsBe impeccable with your wordTake Nothing Personally (even the personal stuff)Make no Assumptions19. Know where you are, accept it and adjust your acons20. Simply do your best to avoid self-judgment, self-abuse, and regret21. Connuously learn, grow and improveAlways Do Your Bestour principles and behaviorsPage : 10

Page : 11 We Believe This is More Than A Transaction,We Believe In Improving Lives Through Real Estate.

a pedigree like no otherPage : 12 INTRODUCING BERKSHIRE HATHAWAY HOMESERVICESBy ulizing the strength and valuable resources of one of the world’s most respected brands, we bring operaonal excellence and innovaon as a compelling value for our customers. With a clear vision as one of the most highly valued real estate companies in the market, our powerful network of brands exemplify the reputaon of Berkshire Hathaway — among Fortune’s 2021 most admired companies. A member of the over 300 billion-dollar Berkshire Hathaway Family, one of the most stable companies in the world employing over 377,000 people globally among its family of companies. Berkshire Hathaway HomeServices operates in nine countries; the U.S. under Berkshire Hathaway HomeServices, Prudenal Real Estate and Real Living; Canada under the leading Real Estate Companies, Royal LePage and the luxury Via Capitale, as well as Brazil, U.K., France, Singapore, China and India. It is the only company with such reach, reputaon and resources in the Real Estate Industry.“BERKSHIRE HATHAWAY IS BUILT TO BE FOREVER, IT’S TRUE OF ALL THE BUSINESSES WE OWN.”— WARREN BUFFETT, CHAIRMAN AND CEO OF BERKSHIRE HATHAWAY

Page : 13 APPLEMICROSOFTAMAZONBERKSHIRE HATHAWAYJP MORGAN CHASECOSTCOALPHABETAMERICAN EXPRESSWALMARTNVIDIA123456789102023 WORLD’S MOST ADMIRED COMPANIES BY FORTUNE MAGAZINEa name respected worldwide

Page : 14 ST. ROSE OFFICE3185 St. Rose Pkwy #100Henderson, NV 89052702.458.8888SOUTHWEST OFFICE 8850 W. Sunset, Suite 200Las Vegas, NV 89148702.734.5555SUMMERLIN OFFICE 1490 Center Crossing RoadLas Vegas, NV 89144702.312.7070SUN CITY OFFICE9406 Del Webb Blvd.Las Vegas, NV 89134702.256.3333WE HAVE THEVALLEY COVERED

Page : 15 across the us real estate

WHAT WE DOPage : 17

YOUR REAL ESTATE PROFESSIONAL SHOULD BE.....Page : 18 SELECTING AN AGENTMost people don’t venture out into the Real Estate market without the support of an agent who nds new lisngs, shows homes that are on tour and oers real estate advice. The few who decide to look for a house on their own put themselves at a real disadvantage; they may not know the market in a given area, nor do they have help or access to the Mulple Lisng Service (MLS) computerized lisngs of homes for sale that only an agent can ulize. So before you start your home shopping, you should rst start shopping for a real estate professional.A major factor in nding your “special home” that suits your personal lifestyle meets your needs and wants, yet stays within your budget.Able to access and analyze the mulple lisng service system, locang properes for sale in your specied area of interest.Knowledgeable about your marketplace.Respecul of your desires, lets you make your own decisions, and does not force you into buying something that isn’t right for you. Aware of the complicated local and state requirements aecng property that may aect your rights of ownership. Successful in mul-party, face-to-face negoang. Your Realtor will write up your oer and then present it to the seller for you.Willing to cooperate with all brokers to get the best value for you in your market

Page : 19 A very important part of buying a home is nding the right lender and the right mortgage product. There are many dierent kinds of lending instuons oering a wide range of loan packages. Therefore, it is important to do some research and shop around.We have access to some of the best lenders in town who have many lending programs that you can choose from. All of these lenders are experienced and will take you through the process to help you get a loan that ts your needs.Do Your Homework When Looking For a MortgageFINANCING YOUR HOME PURCHASE• You can determine which loan program best ts your needs and for which you qualify.• You’ll know exactly how much you are approved for. It’s no fun to nd your ideal home and then realize that you can’t aord it.• Your down payment, monthly payment and closing costs will be set so you can budget your money in advance.• If you are a rst-me buyer, you may qualify for a special rst-me buyer program which may allow you to aord more home for your money.Other good reasons to get pre-apporved include:Getting Pre-ApprovedIt is recommended that home buyers get approved for a loan with a lender before searching for a home to purchase. This way, you will have completely reliable informaon about what you can aord. Addionally, any oer that you make on a home will be taken much more seriously if you have been pre-approved than if you haven’t. In fact, in today’s market, sellers generally will not consider an oer without a pre-approval from a reputable lender.

The more we know about what kind of home you’re hoping to buy, the more eecvely we will be able to facilitate your search. When you get the chance, please ll in the quesonnaire below so that we will be able to schedule appointments to see homes that t the prole.Main RequirementsPrice range:Area:Single Family or Condo/Townhome:Age of property:Pool Y/N:Specic Features(Large lot, replace, garage size, school district, addional room preferences, etc..)Addional ThoughtsLot Size:Square footage:Number of bedrooms:Number of bathrooms:Garage:Gated Community Y/NPage : 20 WHAT KIND OF HOME AREYOU LOOKING FOR?

Page : 21 ZIP CODE MAP

Page : 22 At the Mullin Blankfeld Group at Berkshire Hathaway HomeServices we believe that no two properes and no two client situaons are exactly the same, which is why we customize our proposals to best t the needs of our clients and the homes we help them buy or sell. Here we’ve addressed some of the MOST commonly asked quesons from our clients regarding commissions for you so that we can address your concerns and focus on what’s most important: Geng you the RESULTS you WANTAre there “standard” or “normal” commissions and what do you charge? There is no such thing as a “standard” or “normal” commission in the sale of real estate. Commissions and fee structures are set at the brokerage level and each brokerage designs a fee and commission structure that reects the levels of services and experience that they provide.We encourage you to interview mulple brokerages and/or explore other fee models to make sure you’re nding the services, experience and brokerage that best ts your needs and the property you plan to buy or sell. At The Mullin Blankfeld Group at Berkshire Hathaway HomeServices, we charge either Buyers or Sellers anywhere from 3.0% to 3.5% of the nal gross sales price of the home bought or sold at successful closing with no upfront fees. In other words, you don’t pay ANYTHING unl you’ve achieved the results that you seek.Am I required as a seller to pay a buyer broker commission? No. While local market customs and standards may vary by market and by Mulple Lisng Service, “MLS”. Here at The Mullin Blankfeld Group at Berkshire Hathaway HomeServices and the Las Vegas Associaon of Realtors MLS, there is no requirement that a seller pay a buyer broker commission, and it won’t be oered in MLS.When you hire us to sell your home, we will complete a comprehensive analysis on the compeve landscape of what incenves other sellers you’re compeng against are oering in the markeng of their homes with regards to closing cost incenves, repair incenves and/or incenves to cover the buyers’ brokers’ commissions. Based on this analysis we will make some recommendaons for you to be properly posioned with your markeng and pricing strategy so that you have the best chance of achieving the specic results you’ve shared with us.What you need to know about how commissions workHOW DOCOMMISSIONS WORK?

Page : 23 How do I pay my agent as a Buyer for their services?One of the BEST ways to create a clear agreement for the services and experse that you seek for the purchase of your next home or investment property is to negoate a Buyer Brokerage agreement with your agent and broker. The terms outlined in this agreement will be customized to your prefer-ences and will address things like:• How long will this agreement last?• How much commission will my agent earn and when and how will that be paid?• What types of purchases will be subject to this agreement?• What type of properes do I want my agent to seek out and send to me?• How do I want my agent to negoate for me on my behalf in terms of how closing costs, commissions and fees are handled?• How will my agent/broker handle situaons where another client of my agent is seeking the same property as me or is selling the property I’m interested in purchasing (i.e. conict of interest situaons)• How do I cancel the agreement if I don’t get the results I want?Is a Buyer Brokerage Agreement really necessary or required? It is NOW REQUIRED (eecve in Las Vegas on 8/1/24), we believe it’s necessary for us to provide 100% commitment to your goals and interests. We’ve been selling homes for over 20 years in Las Vegas and have relaonships, resources, experse and processes that we KNOW WORK in helping our clients get CLEAR on what they REALLY want, nd creave and custom-ized soluons to achieve the RESULTS they want, and negoated the deals that are right for them. In order for us to provide these resources to you with 100% commitment and priority, we need the same level of commitment from you.When you hire us, you will not pay ANYTHING unl you’ve successfully closed and own the home that you want and have received the results that you want. We believe in direct, transparent and clear communicaon with our clients and therefore craing these customized agreements upfront we believe contributes to a more eecve and trusng relaonship for all pares involved. Every agreement we write for you will include the terms you need to be successful. Including a credit from the seller to oset the cost of our commission if necessary.

Page : 24 www.MULLINBLANKFELD.com 150 - 170 Acve Buyers On Our Website Every Dayour websiteattracts buyers

Page : 25 There are many different ways that you might find out about properties for sale. For instance:UTILIZING ALLREAL ESTATE SOURCES• The Internet• A local real estate magazine• A real estate television channel• Another agent’s markeng materials• Another agent’s FOR SALE sign• Another agent’s OPEN HOUSE• Another agent’s exclusive lisng• A “For Sale by Owner” sign• A friend or relave• A new home subdivision adversing materialsWe just want to emphasize that we can help you buy a home from any of these sources. More importantly, we will represent your best interests and eecvely negoate the best price and terms for you.When you work with us, we search all of the available public and private sources so we can help you get what you want, in the me you want!However, if you view a property with another agent, we won’t be able to represent you in connecon with that property. So if you see a sign, an open house, or even hear about a property that interests you, please call us rst and we will provide you with detailed informaon about it, make all the necessary arrangements for viewing it, and then view it with you to ensure that you don’t in any way compromise your negoang posion.

Page : 26 NEW HOMESWhen looking for your next home, you may consider new homes. We have represented many buyers in their purchase of a new home and we will be happy to help you too. You need to know that while the agent in the sales oce will be happy to work with you, they are paid by and have duciary responsibility to the builder/ seller. We become your advocate in the deal and we don’t cost you any commission. We are with you throughout the process from nding the right home, selecng nishes and upgrades, negoang the incenves and pricing, to signing papers at close of escrow.You need to know that the rules about us represenng you in a new home transacton are quite simple. WE MUST ACCOMPANY YOU ON YOUR FIRST VISIT TO THE HOMES OR THE WEBSITE! Once we do that, we are able to help you every step of the way, but we don’t have to accompany you every me you go back.Most builders like to have the buyers of their homes represented, and they do pay us a commission. That commission does not aect the price you pay.We also have access to a database that will give you informaon on all the available new homes in Southern Nevada.

Page : 27 THE STEPS TO BUYINGA HOME IN SOUTHERN LAS VEGAS

Page : 28 • Select a lender you can trust. If you don’t have one, we will be happy to recommend several that we work with on a regular basis.• We highly recommend you select a local lender as out-of-state lenders oen don’t have a grasp of melines here in Southern Nevada.• Review your nancial situaon with the lender and establish a budget for both down payment and monthly payments going forward.• Make sure you explore all your opons: Convenonal, FHA, VA, etc.• You will be a stronger buyer in a competve market if you are “Pre-Approved” instead of “Pre-Qualied”.• Buyer closing costs can be paid by the seller in certain situaons, but sellers don’t just look at the sale price. They look at the net gure they will receive at COE. So those costs come o the seller’s boom line.• You will need to provide the seller with either a leer from your lender or “Proof of Funds” if you are a cash buyer.0102• Share the details of your perfect home with us and we will search everywhere to nd it for you.• We look in MLS, FSBO, New Homes.• We encourage you to look on REALTOR.com, Zillow, Trulia, Homes.com etc. You may nd ideas on homes that change our parameters.• The home you end up with may be very dierent from the home you thought you wanted. You just didn’t know what was available.• When searching for a NEW home, keep in mind that we represent our buyers with builders and they pay our commission. Our representaon doesn’t cost you. The agent in the home center works for the builder. We work for you.PLEASE DON’T SIGN IN AT ANY NEW HOME COMMUNITY OR ANY WEBSITE WITHOUT US BEING WITH YOU.

Page : 29 • We will take you on tours of homes and neighborhoods.• If you are moving from another area, we will be happy to show you around the valley to help you decide which area best suits you and your family.• PLEASE DON’T SIGN IN AT ANY NEW HOME COMMUNITY OR ANY WEBSITE WITHOUT US BEING WITH YOU.• The home tours are designed to help you select the best home, but oen they are ulized to help you eliminate opons.• Keep score and make a lot of notes. The homes somemes start to overlap.0304• We will prepare all the necessary paperwork for your oer.• We will review the oer and disclosures with you so you understand the documents. Wring too aggressively somemes gets a rejecon.• We oen use digital signing services and these are normally acceptable, but somemes we will need actual “wet” signatures.• $$ The earnest money will be deposited upon acceptance of the oer05• Negoang your contract involves price, terms, disclosures, ming and a lot more.• Normal course in Southern Nevada rarely takes a deal beyond 1 or 2 counter oers

Page : 30 • $$ Earnest money to be sent to escrow. This is your money and will be returned to you should the deal not go through based on any of the conngencies. Most deals require the money be wired.• The money is yours and will be credited to you at closing.• The date we open escrow is the start date of all your melines. (10 days of diligence).• The escrow company acts as a neutral party to see that the monies and paperwork are properly distributed throughout the transacon.0607• $$ Home inspecons and a request for repairs are is usually concluded within 10 days of acceptance.• The home inspector will normally point out any areas that may require follow up inspecons, (roof, mold, etc).• The incidence of termites in Southern Nevada is less than 5% of homes, but for the price, it’s good peace of mind and required in VA deals.• If follow-up inspecons or cercaons are required , we will ask for sucient me.• You may have to do a CIC document review. The sellers will provide you with a package of documents from the HOA for you to review and approve. This is one of your conngencies.• $$ Appraisal is ordered by your lender, but normally paid by you. If it doesn’t come in at value, the deal may be renegoated.• You will want to get your homeowners insurance quote at this me too and have a binder sent to escrow and your lender.

Page : 31 • Once your diligence is complete, the balance of the work involved is done by your lender and the escrow company.• The escrow ocer takes the contract and the lender instrucons and turns that into your deal.• The escrow company is normally going to validate tle and procure tle insurance for your transacon.• Your lender will connute to request items from you. You will need to provide these items to your lender quickly so they can keep the melines in the contract.• Delays in the closing usually occur when the lender cannot produce their documents in me and that is usually because the borrower doesn’t repond to their requests promptly.0809• The Closing Disclosure (CD) must be presented to you at least 3 days prior to signing your loan documents.• If you are a cash buyer, this doesn’t apply.• You will want to connually follow up with your lender’s about the delivery of this document as it is normally the last piece of the lender’s puzzle!• Our team will set an appointment for you to sign your closing document at the escrow oce.

Page : 32 • We will accompany you to the signing to help you understand the documents and answer any quesons we can.• You will need to bring two forms of legal ID with you.• You will not receive keys unl the deal records at the county. That normally takes a day or two aer you sign because the lender will need to review the documents before they are allowed to record.• $$ You will also need to arrange your closing funds to be wired to escrow. Escrow will not accept checks (even cered) or cash. The wire is not an ACH and you may have to physically go to your bank to arrange it.• Your signing appointment usually takes about an hour and will be during bankers’ hours.• $$ This is also the me we will discuss having the ulies changed in your name and the ming of that change.1011• The nal walk through is usually within the last 3 days of the escrow period.• You have an opportunity to make sure the home is in the same condion as when you last saw it and that any repairs made by the seller are to your sasfacon.• We will have you complete a form that our broker provides. We aren’t allowed to write on this document, so please understand that we will need you to complete it.• The seller and lisng agent may be there and or the seller’s stu might sll be in the home too.

Page : 33 • Escrow will close aer all of the following is done: » You have signed all necessary documents (some might be aer your signing appointment). » All the loan documents have been sent back to lender and approved by the lender (this somemes requires overnight delivery). » The lender has wired their funds to escrow (might take 24-48 hours). » You have wired your funds to escrow (might take 24-48 hours). » The deed and other documents have been recorded at the county.• Once recording takes place, the home is yours!• Make certain you arrange for mail to be forwarded.• Sellers oen won’t allow1213• CONGRATULATIONS!• Movers may need to provide some exibility as the closing date is open changed in the last days of the escrow period.

Page : 34 In Nevada, as professional Real Estate agents, we are required and must disclose in wring, whom we represent in every transacon.In order to meet this requirement, I am enclosing a “Dues Owed” disclosure for your review. This disclosure outlines our duciary responsibilies to you and that we represent you and only you in a given transacon.In the event that you choose to purchase one of our own lisngs, we are required by law of to provide you with “Consent to Act” form outlining that we represent both pares. We will discuss this in more detail if this situaon arises.Finally, we ask that you actually hire us as your real estate professionals! How do you hire us? It’s prey simple! You may do this by signing a Buyer’s Agency Agreement. We commit to you to work diligently in helping you nd your next home. We will make the process simple and as stress free as possible by sharing with you the “secrets” of buying a home in Las Vegas! When you come into our oce, we will answer any quesons you have about these forms and we will ask you to sign them so we can move forward.We are excited about working with you and helping you find your next home!AGENCYRELATIONSHIPS

Page : 35 A HIGHER LEVEL OF COMMUNICATION AND TRANSPARENCY!Your Roadmap for your Home SaleThe Details and the CollaboratorsFinally we provide all your important documents here too! the mullin blankfeldclient portal

Home WarrantyA home warranty is a service contract that covers the repair or replacement of important home system components and appliances that break down over me. A home warranty can help save you money. It doesn’t cover everything, but it does cover a lot of important elements in your home. Typically, sellers will provde buyers with a one-year warranty, but not all sellers will provide one.The warranty is renewable annually and has a deducble amount applied to each service call.It can cover:home warranty / HOME OWNERS INSURANCEHome Owner Insurance1. Structural2. Personal Belongings3. Liability4. Short-Term Living Expenses (if your home is inhabitable)This type of insurance is not just recommended, but required if you use a mortgage to purchase your home. It may be impounded by your lender and paid by your lender to be certain your coverage doesn’t lapse. You can choose any insurance agent / company you like.Shop coverages and costs and be sure you compare apples to apples.Page : 36

BENEFITS8 OUT OF 10 BUYERS PREFER TO BUY A WARRANTED homeCoverage while your home is on the market. This means if something goes wrong, you can connue to concentrate your e lling your home instead of worrying about repairs.A powerful markeng tool. Your real estate professional will tell you that buyers prefer to buy a house that includes a home warranty. In fact, research shows that 8 out of 10 buy-ers prefer to buy a warranted home. It ’s an added incenve that gives you the edge and sets your home apart from the compeon.Help prevent post-sale disputes. If an unexpected failure oc-curs in the home aer the sale, the buyer will turn to us, not you, to solve the problem.Avoid the worry and inconvenience of dealing with unexpected home repairs. With a Home Warranty, you get reliable protecon backed by exceponal service.As a seller you can protect the equity investment in your home with a Home Warranty. The warranty is a service con-tract that helps protect you against the high cost of unexpect-ed repairs/replacement of mechanical systems and applianc-es that fail due to normal wear and tear. A warranty placed during the lisng period can eliminate many “out-of-pocket” expenses sellers oen experience from unexpected break-downs and repairs.home warrantyPage : 37

Home InspectionHOME INSPECTION / APPRAISALA home inspecon is a limited, non-invasive examinaon of the condion of a home, oen in connecon with the sale of that home. Home inspecons are usually conducted by a home inspector who has the training and cercaons to perform such inspecons.We encourage all our our buyers to pay for a home inspecon. Aer the inspecon, we are given a report with issues. Then, you as a buyer can choose to ask for some repairs or cancel the purchase.The home inspecon and the subsequent request for repairs must be completed within your diligence meline (usually 10 days).AppraisalA home appraisal is a professional opinion of value based on facts. Your lender will order it and have you pay for it. It normally takes place within the rst two weeks of an accepted oer.If the appraisal comes in short of the contracted price, negoaons can be opened to proceed or the deal can be cancelled. The lender will only lend on the appraised amount and whatever percentage of loan was arranged. When an appraisal comes in light it usally goes one of four ways:1. The buyer agrees to pay the dierence in cash.2. The seller agrees to reduce the price to the appraisal amount.3. The buyer and seller agree on a price between the appraised value and the contracted value.4. The deal is cancelled.5. New rules?The appraisal can be challenged, but this normally doesn’t result in any change of appraised value.Page : 38

Homeowner’s Association or Common Interest CommunityHere in Southern Nevada, a vast majority of homes are in communies with an HOA. Some associaons are stricter than others, and some homes have two or even three separate associaons.You will be given an opportunity to review a package of documents that will let you know about the associaons rules, nancial health and other factors you will want to be aware of as you choose to live in that community. These documents will be provided to you withinthe rst 10 days of acceptance and you will have 5 days to review and accept them.HOAs have a lot of power here in Nevada. You should not fall into arrears on your monthly assessments, or they could foreclose on your home.HOA /CICPage : 39

HOW DOES THE ESCROW PROCESS WORK?An escrow is an independent “stakeholder” account and is the vehicle by which the interests of all pares to the transacon are protected. The escrow is created aer you execute the contract for the sale of your home and becomes the depository for all monies, instrucons and documents pertaining to the sale. Some aspects of the sale are not part of the escrow. For example, the buyer and seller must decide which xtures or personal property items are included in the sales agreement. Similarly, loan negoaons occur between the buyer and the lender. Your real estate agent can guide you in these non-escrow maers.WHAT IS AN ESCROW?The escrow ocer takes instrucons based on the terms of your Purchase Agreement and the lender’s requirements. The escrow ocer can hold inspecon reports and bills for work performed as required by the purchase agreement. Other elements of the escrow include hazard and tle insurance, and the grant deed from the seller to you. Escrow cannot be completed unl these items have been sased and all pares have signed escrow documents.HOW DO I OPEN AN ESCROW?Either your real estate agent or the buyer’s agent may open escrow. As soon as you execute the Purchase Agreement, your agent will place your inial deposit into an escrow account at the tle companyHOW DO I KNOW WHERE MY MONEY GOES?Wrien evidence of the deposit is generally included in your copy of the sales contract. The funds will then be deposited in a separate escrow or trust account and processed through your local bank. You will receive a receipt for the funds from the tle company. WHAT INFORMATION DO I NEED TO PROVIDE?You may be asked to complete a Statement of Identy as part of the paperwork. Because many people have the same name, the Statement of Identy is used to idenfy the specic person in the transacon through such informaon as date of birth, social security number, etc. This informaon is considered condenal. HOW LONG IS THE ESCROW?The amount of me necessary to complete the escrow is determined by the terms of the Purchase Agreement. It is normally 30 to 45 days, but can range from a few days to several months. Page : 40

Page : 41 TITLE REPORT: A report showing the condion of tle before a sale or loan transacon. Aer compleon of the transacon, a tle insurance policy is issued.TITLE POLICY: Title insurance is insurance against loss resulng from defects of tle to a specically described parcel of real property. Defects may run to the fee (chain of tle) or to encumbrances on the property.PAYS OFF EXISTING LOANS The tle company pays o exisng loans when so ordered.TAXES AND INSURANCE The tle company prorates the taxes and insurance upon instrucons from the buyer and the seller.COMPUTES INTEREST ON LOANSACQUIRES HAZARD INSURANCESIGNING OF DOCUMENTS Assists the buyer and seller when signing documents.RECORDING DOCUMENTS The tle company records the appropriate documents with the county oce, giving public noce.DISBURSEMENT The tle company disburses the documents and money to each party involved.REQUESTS A TITLE REPORT AND POLICYWHAT A TITLE COMPANY DOES

Page : 42 CIRCLE OFAn ESCROW• Seller Broker & Sta• Tenants Existing In Either Escrow• Sellers Escrow Of Purchase Property• Title Ocer• Title Representative• Government Bldg. Permits/Zoning• County Property Taxes• Buyers Bank• Escrow• Home Warranty Company• Loan Funder• Review Appraiser• Investor• Appraiser• Credit Reporting Agencies• Contractors for Repairs• Roof Inspector• Geological Inspection• Mold Inspection Company• Pool Inspection Company• Physical Inspection Company• Buyer of Buyers Property• Agents Selling Buyers Property• Homeowners Association• Government Retrofits• Natural Hazard Company• Termite Company• Loan Underwriter• Buyers Employer• Lender - Mortgage Broker• Buyers Broker & Sta Circle of an EscrowSELLERSeller’s AgentBuyer’s AgentBUYER

Page : 43 By combining the power of today’s technology with the personal touch of a live concierge, FOREVER CONCIERGE powered by MoveEasy breaks the barrier between what has become the norm in customer service to a level unexpected by consumers in today’s digital world. Regardless of whether you are buying, selling, renng, relocang or anything in between, FOREVER CONCIERGE is ready to assist you with every home service you will need for living in and maintaining a home. Services like mortgage, insurance, internet and cable, home security, ulies, painters, landscapers and more. FOREVER CONCIERGE also features a built-in savings calculator to comparison shop and apply exclusive discounts, so you do not have to wonder, “Am I paying too much for this service?” Everything you will need is available on your individual homeowner’s dashboard or through your personal concierge who is always ready to assist you. Since day one, FOREVER CONCIERGE has remained laser-focused on providing homeowners with a seamless homeowner-ship journey. FOREVER CONCIERGE powered by MoveEasy’s goal – to provide you with a lifeme of home experiences that is unparalleled in the industry – today, tomorrow, and FOREVER! YOUR Forever concierge

our Radio showWWW.LVREALESTATERADIO.COMPage : 44

WIRE FRAUD ADVISORYPage : 45

SOUTHERN NEVADA UTILITIESPage : 46

Page : 47 ADJUSTMENT PERIODAGENCYAMORTIZATIONANNUAL PERCENTAGE RATEAPPLICATION FEEASSESSED VALUEASSUMPTION OF MORTGAGEBALLOON PAYMENTBENEFICIARYBUY DOWNCAPCHAIN OF TITLECCR’SGLOSSARY OF TERMSPeriod of me between interest rate changes on an ARM. For example, a loan with an adjustment period of one year is called a one-year ARM, which means the interest rate can change once a year.A legal relaonship in which someone (principal) hires someone else (agent) to represent them to a third party.Repayment of a loan in equal installments of principal and interest rather than interest only paymentsThe total nance charge (interest, loan fees, points expressed as percentage of the loan amount).A fee to cover some of the charges of the loan process.The value placed on property by the Appraisal District as a basis for taxaon.A buyer’s agreement to assume the liability under an exisng note secured by a mortgage or deed of trust. The lender must approve the buyer to assume the loan.An instance in which the nal installment payment on a note is greater than the preceding payments, and pays the note in full.The recipient of benets, oen from a deed of trust; usually the lender. A xed-rate loan where the interest rate and payment are reduced for a specic period of me by paying the interest up front to subsidize the lower paymentThe limit on how much the interest rate or monthly payment can change, either at each adjustment or over the life of the mortgage.Chain of Title A history of conveyances and encumbrances aecng the property tle.Covenants, Condions and Restricons. A document that controls the use, requirements and restricons of a property.

Page : 48 CLOSING STATEMENT CONVENTIONAL MORTGAGECONVEY OR CONVEYANCECOURIER FEECREDIT REPORT FEEDEEDDEED OF TRUSTDISCLOSUREDISCOUNT POINTSDUE ON SALE CLAUSEEARNEST MONEYENCUMBRANCEESCROW FEEESCROWGLOSSARY OF TERMSThe nancial disclosure statement that accounts for all of the funds received and expected at the closing of the escrow, including deposits for taxes, hazard insurance and mortgage insurance.A mortgage securing a loan made by investors without government underwring– that is, not FHA insured or VA guaranteed.Process of transferring ownership of property from one person to another.Charges for delivery.Assessed by the lender for a required credit report from a credit bureau.A document which, when properly executed and delivered, conveys tle of real property.An instrument used in many states to place a mortgage.To make known or public. When dealing with real property, all disclosures should be made in wring.A negoable fee paid to the lender to secure nancing for the buyer. Discount points are upfront interest charges to reduce the interest rate on the loan over the life, or a poron, of the loan’s term. One discount point equals one percent of the loan amount.An acceleraon clause that requires full payment of a mortgage or deed of trust when the secured property changes ownership.Money deposited by a buyer as evidence of good faith.Anything that aects or limits the ownership of real property, such as mortgages, liens, easements or restricons of any kind.Charged by the tle company to service the transacon and to escrow money and documents. Usually paid by the buyer.The deposit of documents and funds with instrucons to a neutral third party to carry out the provisions of an agreement or contract.

Page : 49 EXCLUSIVE RIGHT TO SELL LISTINGFAIR MARKET VALUEFANNIE MAEFREDDIE MACGINNIE MAEFINANCE CHARGEIMPOUND ACCOUNTSLEGAL DESCRIPTIONLIENLOAN ORIGINATION FEEMORTGAGEMORTGAGEE’S TITLE POLICYGLOSSARY OF TERMSA wrien agreement between owner and agent giving agent the right to sell a property and collect a fee for a set term. The price at which a willing seller would sell and a willing buyer would buy, neither being under abnormal pressure.A private corporaon dealing in the purchase of rst mortgages, at discounts.A mortgage that has a rate that is adjusted at certain intervals during the loan period. The adjustment can either be higher or lower depending on the current market rate at the me adjustment is due.A federal associaon, working with FHA, which oers special assistance in obtaining mortgages, and purchases mortgages in a secondary posion.The total cost a borrower must pay, directly or indirectly, to obtain credit.A trust type of account established by lenders for the accumulaon of borrower’s funds to meet periodic payments of taxes, mortgage insurance premiums and / or future insurance policy premiums, required to protect their security.A descripon of land recognized by law, based on government surveys, spelling out the exact boundaries of the enre piece of land. It should so thoroughly idenfy a parcel of land that it cannot be confused with any other.A form of encumbrance that usually makes a specic property the security for the payment of a debt or discharge of an obligaon. For example, judgments, taxes mortgages and deeds of trust.Normally 1% of the loan amount, charged by the lender to the buyer.A legal document that provides security for repayment of a promissory note.Required by lenders to ensure that the lender has a valid lien. It does not protect the buyer. Also required for second mortgages.

Page : 50 OWNER’S TITLE POLICYPOINTSPRINCIPALRECORDING FEESEPTIC INSPECTIONSURVEYTAX SERVICE FEETERMITE INSPECTIONTIME IS OF THE ESSENCETITLE POLICYTITLEUNDERWRITING FEEVA FUNDING FEEWAREHOUSE FEEZONINGGLOSSARY OF TERMSOwner’s Title Policy Insures the buyer against loss due to any defect of the tle not excepted to or excluded from the policy.Paid by the buyer or seller. One point is equal to one percent of the loan amount.The employer of an agent in an agency relaonship.Charged by the County Clerk to record documents in the public records. Charges are based on number of pages recorded.The sepc system must have cercate by the city or county health department.Survey of property required by lender; shows lot size, easements, any encroachments, locaons of improvements, etc.Required by the lender for collecon and disbursement of tax escrow by a servicing company.Required by lender to show property free and clear of acve termites.Demands punctual performance in a binding contract.Insurance policy on the ownership of real property, against defects in tle.In dealing with Real Property, tle means ownership.Charged by a lender to underwrite the loan.Veteran’s Administraon charge for originang a VA loan.Charged by the lender to hold the loan locally before selling it in the secondary mortgage market to an investor.Act of city authories specifying type of use for which property may be used.

OUR COMMITMENT TOThere are many factors that go into fully compleng a successful sale of a home. We believe our job is to help you make the best decisions along the way and provide you with customized soluons that are right for you. We are here to help you get clear on what you really want, and a plan to get it, in the me you want it, on the best price and terms possible.Along the way we’ll keep you informed on market trends, markeng opons, and more so that you can make the most informed decisions possible as circum-stances change daily. In addion, you’ll have the benet of our extensive pro-fessional network, developed through years of experience. If you happen to need addional services throughout the process, we’ll work to help you get quality work done at a compeveprice.We are commied to comprehensive, customized and high-quality service for our clients’ selling homes, from helping streamline paperwork craed to limit your liability, to negoang terms that are right for you, to making sure that everyone is prepared for a successful closing day.That is our commitment to you, and we look forward to being of service.Sincerely,Matt Mullin and Harvey BlankfeldThe Mullin Blankfeld GroupYouPage : 51

©2024 BHH Aliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway aliate, and a franchisee of BHH Aliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway aliate. Equal Housing Opportunity.