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PLEASE USE THE FOLLOWING LINK FOR A PRINTABLE VERSION:
PURCHASE INFO PACKET.pdf
Dear Buyer:
Thank you for giving me the opportunity to introduce myself and present my professional Real Estate service.
I trust you will find the information provided in the Home Buying Package helpful in understanding the process of purchasing your property.
Please take the time to read this information, so you will feel comfortable knowing something about the professional you will hire and also to gain knowledge about the home buying process- from writing the contract to the close of escrow.
I look forward to providing you with an unusually high level of service and commitment giving you a new definition of results in the real estate industry. After all, it’s your satisfaction that defines my success.
Sincerely,
Carin S. Nguyen
ABOUT
CARIN S. NGUYEN
BUYER AND SELLER AGENT
- Positive, Enthusiastic and lots of Energy.
- Full time Real Estate Professional.
- Specializing in Maricopa County.
- National Association of Realtors.
- Member in Good Standing Arizona Regional Multiple Listing Service.
- Coached by # 1 North American Real Estate Coaching Company.
- Graduate of REALTOR Institute (Advanced Education Program)
- Multi-million dollar Producer
- Member of Masters of Real Estate Society
- Top Producer-DPR Realty, LLC (top 1% of over 1500 agents)
MISSION STATEMENT
To find you the home of your dreams, negotiate the lowest price possible and provide you a smooth & memorable home buying experience.
CARIN S. NGUYEN HAS BEEN AWARDED THE CERTIFIED RESIDENTIAL SPECIALIST DESIGNATION BY THE COUNCIL OF RESIDENTIAL SPECIALISTS.
Carin S. Nguyen, an Arizona REALTOR has been awarded the prestigious Certified Residential Specialist (CRS) Designation by the Council of Residential Specialists, the largest not-for-profit affiliate of the National Association of Realtors.
Realtors who receive the CRS Designation have completed advanced courses and have demonstrated professional expertise in the field of residential real estate. Fewer than 38,000 Realtors nationwide have earned the credential.
Home buyers and sellers can be assured that CRS Designees subscribe to the strict Realtor code of ethics, have access to the latest technology and are specialists in helping clients maximize profits and minimize costs when buying or selling a home.
Carin S. Nguyen is a sales associate with DPR Realty, LLC in Glendale. She is a member of the Phoenix Board of Realtors. Carin S. Nguyen also holds the GRI designation.
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My Personal Commitment to You |
Integrity
Whether you are a home seller, home buyer or another sales associate, every decision reflects the strict code of ethics I adhere to and have committed to as a Realtor.
Honesty
I am legally bound by my fiduciary responsibility with both my sellers and buyers to provide “honesty, integrity, and the utmost of care.”
Communication
I will exceed your expectations and make sure all of your questions are answered within a 24-hour period. I will strive to return your phone calls and emails within a 4-hour period and will provide you with communications and updates per your direction and discretion.
Partnership
Together we will attack challenges with creative solutions that protect your interests and support your highest priorities.
Knowledge
The real estate industry is constantly evolving. Being informed and up-to-date on contracts and disclosures are key factors in ensuring a closing on time. However, what is perhaps most important to you is my knowledge and guidance which protects you from potential default and future litigation.
Professionalism
I pride myself as professional REALTOR with a responsive, communicative, proactive work ethic and practice. Because of this high standard, buyers, sellers and industry professionals have all come to respect and look forward to working with me.
It is truly my pleasure to represent you in the sale or purchase of your next property.
What My Past Clients Have Said… |
“Move The Household Across The Country to Phoenix: $10,000
Price of New House in Phoenix: $600,000
Having a Realtor who Really, REALLY Knows Your Needs: PRICELESS.”
~David & Melissa Kahn, Mason, OH to Goodyear, AZ
“We found Carin through one of her real estate magazine ads and as first time buyers she really made us feel comfortable with everything that was happening. She gave us that fuzzy feeling & really took care of us throughout the process. The comfort level was there, because there was never an, "I don't know" statement. She always had a good answer for all of our questions, even the silly ones.”
~Zachary Crocker & Ashley South
Goodyear, AZ
“Thanks for the terrific job you did for us! We appreciate it more than you know. We will definitely sing your praises and recommend you to anyone we know that wants to sell a house.”
~Kevin & Joyce Hawkins
Litchfield Park, AZ
“We were referred to Carin after several months of having our home on the market with another agent. We listed the home with Carin at the same price it had been listed at with the previous agent and with 50,000 plus homes on the market she was able to get our home under contract in less than a week and get it closed in less than 30 days! She did what the others couldn’t!”
~Jeff & Yvonne Wood
Litchfield Park, AZ
“I WANT TO BE YOUR REALTOR!”
The Purchase Transaction
The following are the steps to purchasing a home in Arizona and what to expect with Carin Nguyen as your buyer’s agent:
1. Get pre-qualified and obtain The Loan Status Report Form (LSR) from your lender (required w/ AZ real estate contract).
2. Home buyer consultation to determine wants & needs (what area, price, min # of bedrooms, etc).
3. Search for homes. I will set you up on a customized search to receive email updates of homes that meet your desired criteria. NOTE- If you see a home you would like information on, in another agent’s ad, by driving by or in some other means- PLEASE CALL ME! I am your buyer’s agent and I have access to all of the same homes you see elsewhere. Calling other agents interrupts our agency relationship (see Agency Disclosure).
4. Make an offer & negotiate the terms.
5. Schedule inspections (full professional inspection, termite inspection septic inspection (if necessary)).
6. Provide you tools & resources to research the area, school district, HOA, crime stats, etc.
7. Request repairs from the seller (if necessary).
8. Follow up with lender to ensure timely closing.
9. Coordinate move-in & final inspection- to review that all requested repairs have been completed and that delivery of your new home is timely & hassle free.
10. Schedule closing appointment with the title company and deliver your keys to you & provide a list of service providers (locksmith, painter, landscaper, etc).
Reasons to Use a REALTOR® When Buying a New Home
Although 97% of homebuyers utilize the services of a Realtor when purchasing a resale, they don't realize that a Realtor is even more important when purchasing a new home. A market knowledgeable Realtor representing you is critical to achieving your goals in the purchase of your dream home. Consider the following eleven facts.
1. It does not cost you anything: Many buyers have the misconception that they will save money by going directly to the builder. They think they can negotiate the amount of the commission off the price of their home. Some buyers even think that they will be required to pay for a Realtor's services/representation.
A sound investment idea! This is absolutely not true! The builder has allotted marketing dollars to pay the Realtor's commission and should you come unrepresented 1 of 2 things will occur- the builder's real estate agent will be compensated more than they would have been if you had your own agent and/or the builder will pocket more money to spend on marketing.
2. Lot size and location: The lot you select will determine a significant amount of the home's future value. Your choice should not be based on what the builder needs to sell but what gives you the best return on your investment and meets your individual needs.
A sound investment idea! Make your selection based on your personal choice and then let me assess it according to how it will appraise in resale in relation to other lots available.
3. Personal Representation: Who is on your side protecting you and the investment you are making in your new home? The real estate agents in the builder's sales office are employed by and represent the builder. The designers at the Design Center are employed and or affiliated with the builder. The subcontractors and customer service personnel that conduct your walk throughs are all employed by the builder.
A sound investment idea! I will represent you solely! As an active real estate professional, I am constantly abreast of the price changes in our market and have been able to negotiate several thousand dollars off the price just before closing. This only applies when the builder has had price reductions since your time of contract, however within your contract it states that you are bound to the sales price and the builder is not required to reduce your sales price, even if they have made price reductions. If you have no Realtor or an inexperienced/passive agent, it could cost you thousands of dollars!
4. Get clarity on upfront, non-refundable expenses: When entering into a new home transaction with a non-represented consumer builders often do not explain what expenses are upfront and/or nonrefundable.
A sound investment idea! Let me assist you in the process before you sign anything and make sure all of the costs, upfront, nonrefundable and long-term, are clearly communicated and understood by all parties.
5. Get a Home Price Evaluation before you sign: Builders do not generally know how the market treats its product in resale. Once you purchase the home, it is your investment.
A sound investment idea! Let me give you a Home Price Evaluation on the property based on how it would compete in the market today. This will tell you if the lot, floor plan, and your selections will most likely retain value in relation to the current market.
6. Get the best loan for your needs: Builders often offer monetary incentives to work with their mortgage company and this may not be in your best interest.
A sound investment idea! Let's compare the builder's incentive with the actual mortgage product as well as other products available on the market that are competitive. You may pay more in mortgage closing fees than the actual builder incentive is worth.
7. Watch for those appraised values: A builder often gets his mortgage company to qualify you based on the assessed value of the unimproved property. When the property gets reassessed with the improvements of a home, the increase in taxes can place a tremendous financial strain on a budget based on a lower tax assessment.
A sound investment idea! Let me review property taxes in the neighborhood that have been reassessed with improvements and make sure you are comfortable with the house payment based on the future tax. In this way, you know your future obligations before you purchase.
8. The home is new, why should it be inspected? Your builder should stand behind warranties and guarantees, however, making needed improvements/corrections to the construction after you live in the home or addressing code/repair items after your closing may be costly, inconvenient or at the very least, complicated.
A sound investment idea! Let's get a qualified inspector to give you a professional opinion of current condition and potential future problems. Often, this can result in making a builder bring the home up to a code that although not currently required may become an issue in case of future annexation. It will either be the builder's cost or your future cost and you are the one I represent.
9. Market Knowledge: In addition to the immediate value of the home, there are other important facets to purchasing that should be considered. When you work with me, disclaimers and disclosures endemic to the area/subdivision, addenda regarding homeowner's associations, recent information regarding the surrounding community, the local schools, and utility districts, will all be presented and evaluated.
A sound investment idea! Allow me to guide you through the myriad of local market conditions so you can be an informed homeowner and make the most of your homeownership experience.
10. Do you need to sell your current home in order to purchase new? Clearly, the builder has an interest in the selling of your current home. You should personally select the REALTOR who will be representing you and be wary of builder recommendations, which may come with hidden incentives that do not serve consumer needs. Few builders know the actual performances of Realtors in resale, and make recommendations that are not based on representing your interests, but their own. Choose a Realtor whose goal is your highest possible profit and not their builder allegiance.
A sound investment idea! Allow me to give you an honest Home Price Evaluation. This gives you a good idea of the equity you will be able to reinvest. If at anytime you are not happy with my services, you can be released from our agreement.
11. Home Services to save you time and money: There are many services you need in a new home purchase, for example, moving company estimates, utility connect and disconnect, cable or satellite hook up, and estimates on homeowner’s insurance. The builder expects you to handle all of these.
A sound investment idea! I have a complete list of service providers. If moving from outside the area, one of our support staff can establish necessary accounts on your behalf.
1st Time Home Buyer
Before looking for a home…
Determine your wants vs. needs. This is the all-important first step to a home purchase. Buyers tend to buy with emotion, so evaluating your situation will help you make a more logical decision between the expensive 3 bedroom home with the granite countertops, and the practical 4 bedroom with lots of closet space. When are you planning to move? Maybe a new construction is the best choice for your time frame. A builder spec-home is a good alternative to an existing home if you need to move quickly. There are still some amazing incentives on quick-delivery homes in some areas of the Valley. This step is also where you take into consideration any large or unique furniture pieces that your new home will have to accommodate. Determine your buying power. When shopping for a home loan, the terms of the financing being offered (such as fees, length of contract, and pre-payment penalties) are just as important as the rate. This is where knowing your wants vs. needs first come into play. Knowing how long you plan to hold the property will help you determine the right financing for you. Then you can evaluate programs based on how much the loan will cost to acquire and how much it will cost you while you remain in the home. I am well-versed in various financing programs and can help you understand what each program means to you.
What’s available?
Now that you know what you are looking for and have your financing in place it’s time to see what is available meeting your preferences. Finding your dream home is easier than ever before. I provide free access to the Arizona Regional MLS using IDX technology, which allows home buyers to search MLS listings in real time. You will find other options available on the internet through companies like REALTOR.com and AZCentral.com that have a 3-5 day information delay. This is on purpose. The Arizona Regional Multiple Listing Service is a subscription service allowing REALTORS® to better serve our clients in a timely fashion, and offers access to organizations as a continued benefit to promote our clients homes for sale. Another option is to sign up for our VIP Buyer auto-search service. This is a free service provided to Buyer’s who know what they are looking for and want to monitor specific areas without performing manual searches throughout the day. My VIP Buyers receive better-than-daily email updates of all new properties meeting their preferences. The auto-search runs 4 times per day and automatically loads all new listings into a personalized web-portal. As a VIP Buyer you will then be able to access your web-portal to review the new listings and flag a home as a favorite or possibility, make notes, or reject the property listing if it is not what you are looking for.
Let’s go shopping!
A buyer’s tour of homes is exactly what it sounds like. You have identified a few properties that seem to be perfect matches on paper and merit a closer look. A typical buyer’s tour lasts 2-3 hours and usually consists of the top 4-6 homes on your list. You let me know which properties are your favorites and I will arrange private showings for us to visit the properties. I also provide you with a packet of the homes we are visiting so you can take notes when visiting the homes. Note taking is a great way to ensure you remember the details after a few days pass.
What should I offer?
CMA’s, they’re not just for sellers anymore. Once we have found the home you want, I will prepare a Comprehensive Market Analysis of the property. Though it’s not an appraisal, it is a good start in determining fair market value of a home. Recent sales of comparable properties in a given area are an excellent indicator of how home buyers perceive the value of the community. Gathering and analyzing as much information as possible will help you make your decision of offer price and terms.
The Contract
Preparing the purchase contract and required addenda to accurately convey the terms and conditions of your offer is the next step. The contract consists of 10 pages and there are typically 2-3 addenda required for each transaction, depending on your situation and the area/condition of the property. I will explain each paragraph of the contract and addenda so you know what each means and can move forward with the confidence of knowing what your obligations and protections are during the purchase process.
Negotiating Your Offer
As your agent I owe you a fiduciary duty, the highest standard of care imposed at either equity or law. I am obligated to put your interests first, even ahead of my own, throughout the course of your home purchase. So you can rest assured my only goal is to negotiate your best price and terms.
Due Diligence
Your safety net when purchasing a home is the inspection period. This is your time to find out anything and everything that could affect your decision to purchase the home. Aside from issues such as school district, HOA rules, and crime rates, there are two preliminary inspections that should be performed before moving forward with your purchase. A wood-destroying organism inspection is required by most lenders before they will fund your purchase. This inspection looks for any active infestations or conditions conducive to an infestation, both of which must be corrected before the sale can occur. The second is a home inspection, which should be performed by an Arizona certified inspection company that meets the minimum standards of the American Society of Home Inspectors (ASHI). Home inspectors are well trained in all major components of a home and can usually spot potential problems within the initial 3 hour inspection. They will then deliver a report of their findings with suggestions of items to be repaired, replaced, or inspected further by a specialist.
Requesting Repairs
Inspectors are obligated to report all of their findings on the inspection report, regardless of how minor the issue may seem. The terms to keep in mind when requesting repairs on your new home are 1) safe and 2) functioning as designed. Asking for everything on the inspection report may upset the seller and cause them to reject all of your requests, putting the purchase in jeopardy. While not asking for enough may cause you undue hardship and extra dollars out of your pocket due to the sellers' deferred maintenance of the home. I help you by negotiating the right balance of seller repaired items and which items you can repair yourself after moving in to keep the purchase moving forward as smoothly as possible.
Coordinate Move-In
I provide you with a checklist of items that are typical when preparing to move. Items such as switching the utilities into your name, coordinating movers with the date of possession, address change with the postal service, etc.
Final Walk-Thru
The final is usually conducted without the help of a professional inspector. The purpose of a final walk-thru is to re-inspect the home ensuring the property is in reasonably the same condition as when you agreed to purchase it, and to ensure the requested repairs have been completed to your satisfaction. The final walk-thru is usually scheduled to occur 2-3 days before the close of escrow.
The Signing
A day or two before the home is scheduled to close the escrow company will call to schedule the signing. The signing will consist of your loan documents, tax forms, and ownership transfer documents. The escrow company will prepare all of the documents necessary and send me a copy of the settlement statement (form HUD-1) for review. The settlement statement is an accounting document showing who paid for what and the amounts of each. This is where you will see the itemized costs, both to you and the seller, of your home purchase.
The Close of Escrow (COE)
After signing the closing documents the escrow company will package the loan documents and send them back to the lender for review. A typical lender in Arizona will hold the documents for 24-48 hrs before authorizing the release of funds to the escrow company. Once they receive the funds and release authorization from the lender the escrow company will record the sale and transfer ownership to you. When I receive the call from the escrow company that they have completed the transfer I will release the keys to you and the home is yours to enjoy!
CARIN NGUYEN'S RECENT SALES
Address List Price Sold Price Sold By
17361 W.Lincoln St $440,000 $432,675 Carin Nguyen
11721 W.Cocopah $399,200$395,000 Carin Nguyen
13613 W.Avalon Dr $339,000 $339,000 Carin Nguyen
22925 W.Hopi St $318,734 $305,400 Carin Nguyen
19307 W.Flower St $299,900 $292,000 Carin Nguyen
6743 N.75th Dr $289,800 $286,000 Carin Nguyen
8133 W.Hilton Dr $265,000 $268,500 Carin Nguyen
11522 W.Bermuda $249,900 $245,000 Carin Nguyen
13789 W.Vernon $239,500 $237,500 Carin Nguyen
10949 W.Griswold $219,800 $221,650 Carin Nguyen
7230 S.42nd Lane $219,800 $219,800 Carin Nguyen
13644 W.Keim Dr $214,736 $215,000 Carin Nguyen
605 N.Redwood $196,800 $200,000 Carin Nguyen
7431 W.Shangri La $184,800 $188,000 Carin Nguyen
6226 N.41st Ave $180,000 $184,000 Carin Nguyen
RECENT TRANSACTIONS
Address Price Sold By
13609 W. Denton St $900,000 DPR Realty, LLC
12922 W. Solano Dr $790,000 DPR Realty, LLC
12721 W. San Miguel Ave $662,500 DPR Realty, LLC
8248 W. Hatfield Rd $580,000 DPR Realty, LLC
26107 N. 85th Lane $501,000 DPR Realty, LLC
7351 W. Solano Dr $474,000 DPR Realty, LLC
9126 W. White Feather Ln $469,900 DPR Realty, LLC
12343 W. Hazelwood St $387,000 DPR Realty, LLC
8983 W. Citrus Way $309,000 DPR Realty, LLC
7925 W. Frank Ave $303,000 DPR Realty, LLC
11560 W. Lincoln St $299,900 DPR Realty, LLC
11119 W. Dana Lane $258,000 DPR Realty, LLC
9911 S. 183rd Lane $255,000 DPR Realty, LLC
16072 W. Grant St $255,000 DPR Realty, LLC
14089 W. Brookridge Ave $242,000 DPR Realty, LLC
11453 W. Cambridge Ave $229,000 DPR Realty, LLC
Professional References:
Karen Barnes, Loan Officer, Chase Mortgage: 602-620-5252
Michael Carabio, Loan Officer, CTX Mortgage: 480-538-4967
Ara Ortiz, Loan Officer, Bank of America: 623-537-3192
Michael Schuette, Inspector, Alta Vista Inspection: 480-816-8552
Shawn Shoucair, Owner, 1st Choice Home Inspection: 480-777-5564
Susan Gilbert, Escrow Officer, Premier Title: 623-792-2140
Israel Navarro, Escrow Officer, Guaranty Title: 602-265-6156
David Johansen, Appraiser, Jarnagin Appraisal: 602-230-8020
Lula Smith, Insurance Broker, State Farm: 602-232-0793
Doug Silver, Insurance Broker, ANPAC: 480-704-2122
Howard Zipser, CPA, Howard M. Zipser, P.C.: 602-263-5571
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