BUYER'S PERFORMANCE WARRANTY
Buyer(s) Address: ___________________________________
Brokers/Owners: Brad Smith
Phone Numbers: (303 858-8100)
Allan VanInwegen, 303 858-8100 Office, 303 978-0287 Direct
1. Buyer Counseling Session
We will conduct a buyer counseling session to discuss your needs and goals, and to plan the search for your property.
2. Buyer Agency Alternatives
We will discuss agency alternatives for you.
3. Buyer Representation Agreement
We will present and explain to you the representation agreement and the special services and benefits it offers.
4. Financing Pre-Qualification
We will offer to arrange a pre-qualification or pre-approval appointment with a reputable lender to identify your range of affordability and to increase your negotiating strength.
5. Property Search
Our goal is to present you, when possible, with properties as they debut or before they appear on the open market.
6. Property Showing
We will show you properties that meet the criteria you have selected.
7. Property Evaluation
We will discuss the positive and negative features of a property that may affect its value and future resale.
8. Offer Preparation
We will prepare a written offer on the property you choose to purchase, with terms approved by you.
9. Negotiation Strategy
We will prepare a negotiation strategy for the property you have selected, including a Market Analysis and advice on the initial price and terms to offer where permitted.
10. Offer Presentation
We will immediately present your purchase offer directly to the listing agent.
11. Review of Written Seller Disclosure
We will thoroughly review with you the seller's written disclosure statement to enable you to accept or specify the remedy for each fault disclosed.
12. Property Disclosure
We will review with you all inspection reports and other documents pertaining to the condition of the property and disclose all physical defects of the property that are known to us.
13. Home Warranty
We will explain to you the option of a home warranty plan to reduce your risk of repair when purchasing a property.
14. Estimate of Funds Required
Your lender will provide you with a preliminary estimate of closing costs and downpayment requirement anticipated in the transaction (Good Faith Estimate).
15. Building and Radon Inspection
We will recommend that you obtain professional building and radon inspection. We will work with you to request the seller to remedy the items you specify after your review of the building and radon inspection reports as your Offer to Purchase specifies.
We will accompany you on a thorough walk-through of the property before closing, and we will assist you in dealing with any problems discovered during the walk-through.
17. Closing the Sale
We will monitor and inform you of the progress of the purchase agreement, including the satisfaction of all contingencies and conditions, during the entire transaction.
18. After-Sale Service
We will contact you after the closing to follow up on remaining details or service needs.
19. Service Satisfaction Survey
We will provide you with a confidential opportunity to give an evaluation of our services.
This Warranty is our commitment that we will perform the services above as a part of the exclusive Buyer's Agency Agreement. Should we not perform the services as stated above, you are entitled to terminate the exclusive agreement. Written termination notice must state the reason(s) for the termination and must be presented by you, in person, to the Managing Broker of the Home Real Estate office. You also agree to provide Home Real Estate with the opportunity to correct the situation within a 24-hour period following the delivery of the termination notice. If the Exclusive Buyer's Agreement with you is terminated, the termination provisions of the Exclusive Buyer's Agency Agreement shall apply. You acknowledge that you have read and understand the terms of this Performance Warranty and that the agreement is not binding unless signed by you and me. If, during the term of this agreement, you have any questions or concerns, you may reach Brad Smith, the Managing Broker, and 303.858.8100.
Buyer:_________________________ Date:__________ Buyer:_________________________ Date:__________
Broker Associate:______________________________________________ Date:_________________________