Buyer Information

If you are buying or selling in Monmouth or northern Ocean County, give me a call!  My extensive experience, positive attitude and integrity are key in making the most complicated real estate transactions run smooth and trouble-free.  As your real estate consultant, I will dedicate myself to helping you clarify your needs, negotiating the best deal for you And working closely with you to ensure your success and happiness. I have and in-depth knowledge of the local communities, school systems, and local flair of what makes each town unique.  Call me at 732-492-4437 or email me at Mraffay@Dianeturton.com

Home Buying Checklist
Answers to frequently asked questions
Schools
Monmouth County Informative Links
Ocean County Informative Links
Turton Signature Title Services
Turton Signature Insurance Services
Mortgage Info


Home Buying Checklist

Whether your dream home is new construction or an existing home or condominium , you will want to know what to look for as you begin your home search.  Think of features that are important to you and create a checklist to serve as your roadmap for buying a home.

Review the list below and find out how I will help you conduct a home search, negotiate, and close on a new home.

I will help you with the process of buying a home while representing your best interests throughout the purchase process.  I will educate and assist you with my experience, expertise and knowledge to insure your happiness.

Use the home buyer checklist below to prevent errors and to stay on track:

  • Get pre-approved for a mortgage, look into credit report, FICO score, type of mortgage, shop for best rates, and programs. Determine your wants and needs: style of home, size, price, location
  • Check out the neighborhoods, schools, crime rate, traffic, zoning, and work commutes
  • Rely on your Sales Associate’s expertise and in-company resources.
  • Check the Web for helpful information
  • Do your research and evaluate each property of interest
  • Visit the town or city hall to learn of any zoning changes, liens, easements, or other restrictions. .
  • Hire a certified inspector to conduct a home inspection and any other specific inspections
  • To prevent surprises and disappointments after you move into your new home, use the inspection period written into your contract to fullest advantage by hiring a home inspector to thoroughly examine the home you want to buy.
  • Be aware of the final negotiating factors that may benefit you in the purchase of the home.
  • Use the inspection report to re-negotiate, if necessary.
  • To prevent surprises after the fact, your agent will schedule a walk-through of the property before the actual closing (usually an hour or two before). Together, you and your agent will re-examine the home to (1)  see that requested repairs have been made, (2) to determine if there are any changes or new damage since the home inspection, and (3) see that all of the sellers belongings have been removed from the premises as agreed. Once your walk-through has been completed, you can sit at the closing table with less worry knowing that your home is ready and waiting for you.

You many find that you need to add some steps, based on your special situation, to create a customized home buying checklist for yourself. However, this should serve as a helpful guide as you start on the road to purchasing your dream home.


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Answers to frequently asked questions

What is the difference between "pre-qualified" and "pre-approved"?
If you are "pre-qualified" you have determined, with a loan officer, what price you can afford based on the down payment, your debts and the amount the mortgage company will approve for your mortgage. Being "pre-qualified" is only a determination of your probable credit. If you are "pre-approved", your credit, employment and funds have been approved by the lender.

What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For buyers, they are usually about 4-6% of the total sales price of a property. Some of the closing costs you might encounter are: application fees, appraisal fee, county taxes, credit report, discount points, documentation fee, escrow fees, homeowners' association fees, loan fees, mortgage insurance, origination fees, tax registration and title insurance premium.

What is a point?
One point is equal to 1% of the new loan amount. Whenever government regulation, state usury laws and/or competitive practices prohibit the lender from charging a rate of interest that would make the real estate loan competitive with other fields of investments, the lender must seek some method of increasing the yield for the investors. By charging "points", the lender can bring the real estate loan up to those other investments.

What is earnest money?
When you make an offer, you will need to put up an earnest money deposit as a sign of good faith that you are seriously interested in buying a home. That deposit becomes a part of the purchase price and is held in a trust account until there is full acceptance of the offer. Typically, an earnest money is 3-5% of the offer amount.

What is title insurance?
Title insurance protects the named insured against loss because of defects, liens, encumbrances, adverse claims or other matters not shown or disclosed to the new owner that attach before date of policy.

Is VA or FHA financing unfair to sellers?
FHA and VA loans provide purchasers the opportunity to buy homes with minimal cash investment and at lower interest rates. The result is a larger market for sellers, who also benefit by receiving all cash for their equity.

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New Jersey Schools

http://www.state.nj.us/education/index.html

Private School Information
Local Colleges and Universities

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Monmouth County Informative Links

Chamber of Commerce Monmouth County

City & County Services Momouth County

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Ocean County Informative Links

Chamber of Commerce Ocean County

City & County Services Ocean County

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Turton Signature Title Services

Owner's title insurance is an essential part of the home-buying process, providing homeownership protection that is essential to the security of any home and is issued only after a thorough search of the title, requiring a detailed examination of the historical public records, by experts. Turton Signature Title Agency, LLC utilizes only highly qualified attorneys, title agents and notaries to conduct closings. For more information, please call 732-492-4437, or  Visit the Turton Signature Title Agency website at www.turtonsignaturetitle.com.

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Turton Signature Insurance Services

Signature Insurance Agency, LLC, through Turton Financial Holdings, LLC, an affiliate of Diane Turton, Realtors, provides insurance services including homeowners, automobile and flood insurance.
As a result of its agreement with the Insurance Agency Connection, Signature Insurance Agency, LLC is able to offer a wide variety of products and providers, including some of the nation's most highly-rated companies as well as other major regional and national insurance carriers. With their expertise, combined with advanced technological systems and personalized customer service, Signature Insurance Agency, LLC is positioned to be able to find the best coverage, at the best price, for each customer's unique situation.
Obtain a quick, no obligation quote on automobile,home and flood insurance.
Or, for more information, call 732-492-4437

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Mortgage Info

Diane Turton, Realtors is backed by the expertise of Metrocities Mortgage, a national direct lender, Turton Signature Mortgage customers have access to more than 7,000 different loan programs. Our extensive library of programs include loans such as Jumbo, Super Jumbo, Zero and Low Down Payment, Bridge Loans, Non-Prime, Government, Construction and Commercial.
Additionally, Turton Signature Mortgage utilizes a proprietary search engine to access the most competitive loan programs and financing terms, as well as automated loan underwriting software to further streamline the application and funding process.

With one of the nation's highest application approval rates, Turton Signature Mortgage works hand-in-hand with Melissa Raffay, Diane Turton, Realtors Sales Associate, to get you your loan approval fast. Fill out the form below to see if you qualify and to have any questions that you may have answered for you.

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