Military/ Veteran’s Home Buying Guide Jason P Fieldman R(S), MRP, MAHRM License #77520, Combat Veteran Military Specialized Team Ewa Beach, Hawaii

The Purpose of this Presentation Understand your goals, objectives and expectations…it’s all about you! Understand the home and neighborhood needs. Discuss your loan options to include the VA Loans. Assure your confidence in my service. Discuss current market conditions and market data so you better understand the buying marketplace. Discuss your affordability and financing strategies. Identify price range of your home purchase. Explain my plan of action Break Down the key elements of the buying process Start the search for your new HOME!!

Understanding Your Needs Your goals, dreams, expectations and objectives are front and center during the buying process. In order to set the foundation for a successful transaction, let’s discuss the following topics: Why are you buying a home? Tell me about the time frame for your move? What is determining that specific deadline? Are there any challenges that you anticipate with purchasing a home? Are there specific services that you want from me? What would it take for you to be confident my services would meet your requirements

We Know What You Want, What Can You Afford? As your real estate professional it is important that we know what you can afford and what type of mortgage best suits your needs. Price and type of loan could limit property options. We need to make sure that all of your interests are protected. A mortgage professional will review all of your finances and customize a mortgage program that you are comfortable with.

VA Loan Guide

Buying Power 2017 Purchase Power Chart Grade With Dependents Monthly Rate 36 Months of BAH Purchase Power Single Family Home Purchase Power Condo/Town Home E1-E4 $2,466.00 $88,776.00 $485,000 $435,000 E6 $2,961.00 $106,596.00 $600,000 $545,000 E7 $3,072.00 $110,592.00 $625,000 $570,000 E8 $3,192.00 $114,912.00 $650,000 $595,000 W2 $3,120.00 $112,320.00 $635,000 $580,000 W4 $3,399.00 $122,364.00 $695,000 $640,000 O1 $2,667.00 $96,012.00 $530,000 $475,000 O3 $3,261.00 $117,396.00 $665,000 $610,000 O4 $3,615.00 $130,140.00 $755,000 $690,000 O5 $3,864.00 $139,104.00 $830,000 * Condo = $400/mo. Association Fees + $150/mo. Taxes & Insurance * SF Home = $300/mo. Taxes & Insurance *AS OF: 21APR17 Additional assumptions: 3.25% interest rate on a 30 year fixed VA entitlement 1st time use - VA funding fee of 2.15%   $0 down up to county loan limit of $721,050 (down payment of 25% required of the difference of purchase price and county limit up to $1.5 million purchase price)

Once the Home Search Begins… Now that I know what you are looking for and what price range you are comfortable in, I will send you daily e-mail alerts with all the new listings. Feel free to drive by and take a look. When you are ready to view the property in person, let me know. I will schedule all of the appointments for you. I will accompany you on all showings. It is important to remember that the “Listing Agent” is representing the Seller, while I am representing, “YOU”…

The Negotiations Once we find your dream home, we will work together to build a negotiating strategy to allow us to employ a successful deal. We need to understand the seller as much as possible to help us leverage our negotiations. We need to make offers in a timely matter.

Offer and Counter Offers Now that we have found your home and came up with a strategy, it is time to put it in writing. Draft Purchase Contract and Addendums. Submit offer to Listing Agent. Wait to hear back from Listing Agent. The moment I hear back from the Listing Agent, I will contact you with the Seller’s decision . The sellers will either accept, counter or refuse your offer. Refusal – The seller can simply say “NO” and I can guide you on how to proceed from there. Counter Offer – The seller can say “Maybe” if you agree to my new terms. Acceptance – The seller can accept your offer as written.

Done negotiating, what’s next? You will open escrow with your initial earnest money. You will receive the sellers disclosures. (Contingency) Per our contract, we now have an opportunity to bring in inspection professionals to make sure that the home is: Sound, Safe and Secure. (Contingency) The contract also states the Seller must have a termite inspection prior to closing. (Contingency) (If Needed)We will also receive the Condo and Homeowner/Community Association Documents. (Contingency) The mortgage company will order an appraisal to verify the homes value. (Contingency) (If Needed) The Seller must have the property staked and surveyed prior to closing. (Contingency)

Buyer To Do List Now that inspections are done… Finalize mortgage paperwork. Obtain Home Owners Insurance. Consider a Home Warranty Arrange the transfer of utilities. Arrange for Movers…

Pre-Closing Inspection Prior to signing the final documents on your home, we will visit the property to make sure it is being transferred to you the way you expected it. It is time to start getting excited to move in to your new home and start enjoying your Hawaii life!!!!

Signing Day and Closing I’ll meet you at the escrow company and you will spend about an hour or two signing all the documents for your loan/transaction. After you have signed all necessary documents, you will need to wait until the loan has funded and recorded before getting the keys (About 3 business days). Closing day- I will bring you your keys and you can move in!!!!!

Flow Chart Find a Realtor You Can Trust Analyze Your Housing Needs Obtain Financial Pre-Approval Receive Listing Updates Daily View Properties Write an Offer to Purchase Earnest Deposit into Escrow Negotiate and Counteroffer (if Needed) Review Documents and Disclosures (Slide 10) Additional Deposit Money Seller Accepts Offer Inspections Remove Contingencies Obtain Mortgage Commitment Letter Sign Closing Documents at Escrow Office Take Possession of your NEW HOME Enjoy Your Hawaii Life!!! Transaction Funds Home Closes

Mahalo for taking the time to review purchasing your new home. the steps of the home buying process. I can’t wait to get started on assisting you in purchasing your new home. Jason P Fieldman R(S), MRP, MAHRM License #77520, Combat Veteran Military Specialized Team Ewa Beach, Hawaii (808) 754-8728 JasonFieldman@HawaiiLife.com