Buyer's Guide | The Simonian Team

TheHome BuyingProcess

WhyWorkwith aBuyer?sAgent?

The decision to purchase a home is likely one of the largest financial and lifestyle decisions you will make By aligning yourself with a trusted advisor, you will be well positioned to find the right property, negotiate fair terms and overcome any obstacles that occur along the way.

Leveraging our vast local expertise, industry connections, and resourceful tools, Gibson Sotheby?s International Realty will not only assist in helping you find the right home, but guide you through the entire purchase process.

We have the keys to where you want to be.

Prepares a Comparative Market Analysis

STEPS TO BUYING A HOME

From initial meetings to the final closing,below is an overview of what to expect throughout the home buying process.

01| GET PRE-APPROVED

The first step of the home buying process is getting pre-approved for a loan During this process, your mortgage lender will review your income and credit history to determine what size loan you are eligible to receive

02 | BEGIN THE SEARCH

Once you have determined your budget, you and your agent will meet to review your wish list, desired timing, and begin your search Together you will review inventory and visit properties.

03 | OFFER STRATEGY MEETING

Prior to preparing an offer, your agent will show you comparable properties and collaborate with you to clearly review different offer strategies. You have the right to a home inspection, a mortgage contingency and a lead paint inspection. Discuss ways to make your offer more appealing and the implications including having a pre-inspection or waiving your rights to other contingencies

04 | SUBMIT AN OFFER

Once you find a property that you love, you will choose an offer strategy and discuss with your agent how to position your offer to get it accepted Based on the seller's response, your agent will guide you through next steps Offer deposit due (typically $1,000).

05 | SIGN THE PURCHASE & SALEAGREEMENT

After the offer and terms are accepted, the seller?s attorney will draft a Purchase and Sale Agreement It states the final sale price and all terms of the purchase. This binding contract needs to be reviewed by your attorney prior to you signing it P&S deposit due (typically 5%).

06 | FORMALLY APPLYFOR A LOAN & LOCK IN YOUR RATE

Your mortgage lender will work with you to review all final loan documents

07 | APPRAISAL

The property will be reviewed by a licensed professional to assess its value

08 | HOME INSURANCE

You will need to review various options and select your homeowners insurance policy

09 | FINAL WALK-THROUGH

Just prior to the closing, you will go through a final walk-through of the property. This will ensure that the property is in the same condition as when you visited previously.

10 | CONGRATULATIONS!

Once you sign the final paperwork, exchange the payment, and the transaction is recorded at the Registry of Deeds, you are officially a homeowner Congratulations, you will now receive the keys to your new home

PeopletoHaveonYourTeam

BUYER?S AGENT

Take your time to select a buyer?s agent with whom you feel comfortable discussing your goals and priorities in home buying. A good agent is knowledgeable in market prices, neighborhood qualities, and the offer process. In addition to helping you shop for homes, using their experienced eye to point out features and flaws in the home that you might otherwise miss, they will negotiate on your behalf and will be your advocate from the beginning of the process right through closing

REAL ESTATE ATTORNEY

Ask friends, co-workers or your real estate agent for referrals to a good real estate attorney Don? t be shy about interviewing them, and finding one you are compatible with, who regularly represents home buyers and sellers. Your attorney should be reasonably affordable, accessible and not too busy for you

LENDER

Your lender is the one who assists you with borrowing the funds to purchase your home, typically in the form of a mortgage Your lender should have a variety of consistently competitive lending programs They should also be accessible as you may need them on weekends or at night especially during the offer process

INSURANCE AGENT

The insurance agent comes in after you have signed the purchase and sale agreement Most lenders will not close the sale until the buyer has purchased insurance on the home

HOME INSPECTOR

However similar they may seem, a home inspector is different than an appraiser The home inspector can enter the home buying process either before or after the offer is submitted The inspector takes a deep dive into the home's condition and points out any areas of concern Armed with this information, the buyer can ask the seller to complete some of these repairs themselves, lower the total purchase price,or terminate the sale altogether

CONTRACTORS

You may need various contractors throughout the process to assess issues that came up at the home inspection, or provide estimates for work you would like to do once you purchase the home Your real estate agent can usually help you with references for good contractors, including plumbers, electricians, painters, contractors, movers and cleaners

TheRight ToolsForYourSearch

DEPOSIT LINK

A simple, secure, and efficient way to send earnest money deposits electronically Payments clear in less than 24 hours. You can safely send your deposits from anywhere Track the status of transfers in real-time with your phone

OFF MARKET & COMING SOON

Our powerful local network has access to exclusive off market inventory as well as properties before they launch on the MLS

SOTHEBY'S INTERNATIONAL REALTY WEBSITE AND APP

Our enhanced website now in 14 languages engages millions of buyers via high-resolution photography, 3D virtual reality tours, and ultra-high-definition videos. Listings from around the globe can be accessed seamlessly on any device and mobile users can directly text their buyer's agent from any listing page.

REALSCOUT

A collaborative home search tool that allows our clients and their buyer?s agent to share listings, compare properties and spotlight market alerts throughout the home buying process

TheSimonianTeam

With over 25 years of combined experience in the real estate industry and more than half a billion in sales, Madison and Jeff Simonian offer unmatched expertise in the diverse housing markets of Boston, the surrounding suburbs, Cape Cod,and beyond

The Simonian Team is dedicated to achieving the highest sale price for their sellers by employing strategic marketing and precise property positioning For buyers, they excel at locating unique, hard-to-find homes that align with their clients?needs, even in the most competitive markets They also provide expert guidance for investors and offer development consulting services, ensuring comprehensive support throughout every phase of the real estate process.

Known for offering white glove service, the Simonian Team is committed to providing a seamless and exceptional experience for every client, from initial consultation to closing and beyond

As longtime Boston residents who have lived in various neighborhoods, along with a part-time residence on Cape Cod and experience in suburban home development, Madison and Jeff bring invaluable firsthand knowledge of local markets and neighborhoods, offering clients a distinct advantage in their real estate endeavors

Driven by proven results, they have been recently recognized by Boston Magazine and RealTrends as being in the top 15% of real estate professionals in the country,as well as being top producers year after year since 2017.

TheSimonianTeamStats

AMONGTHETOP15% OFREALESTATEAGENTS IN THEUNITEED STATES

OVER $500 MILLION IN CAREERSALES VOLUME

TOP REAL ESTATEPRODUCERS SINCE 2017

25+ YEARS IN BUSINESS

Jeff Simonian REALTOR®

774 275 4030

Jeff Simonian@GibsonSIRcom

Madison Dulgarian Simonian REALTOR® 401524 5836

Madison Dulgarian@GibsonSIRcom

SimonianTeam@GibsonSIRcom | thesimonianteam com 556 Tremont Street,Boston,MA02118

LocalExpertise, GlobalConnections.

#1Massachusetts Based Firm

Locally owned and operated, Gibson Sotheby?s International Realty is Massachusetts?s largest independent real estate company and the premier provider in luxury real estate across Eastern Massachusetts With over 700 expert real estate advisors throughout our 33 offices coupled with our powerful network of more than 1,100 Sotheby?s International Realty offices worldwide, we truly have the power to assist wherever your real estate needs may take you 33

North End | Waterfront

South End

Thereviewsspeak forthemselves

"Jeff and Madison were phenomenal to work with They were very communicative and always very responsive They consistently gave us great advice and feedback on places and offers we were considering; importantly, they always made sure to understand our wants and perspective We ended up making two offers with them; they really walked us through every step, making sure we understood what was required, what were market comps, and what next steps would be Their network made the process straightforward; from legal reviews to site assessments, everyone was professional and knowledgeable. Even after we closed and moved in, Jeff and Madison continue to be involved and supportive, helping navigate and work through any small post closing surprises that have come up. All in all, we're glad to recommend Jeff and Madison, and would be happy to work with them again for any future real estate needs "

? Buyer,South Boston

"Madison and Jeff are professional and always make availabilities for us.They helped us buy our first home and offered their professional advice when we didn't have much knowledge "

? Buyer,Somerville

"The Simonian Team seamlessly got everything ready to list and show our house without any real effort on our part We went on vacation the first week it was listed, they held an open house, and managed multiple offers and the negotiations while flexing to our schedule overseas The house moved quickly due to their guidance, preparation, professionalism, and knowledge of the local market. We'd definitely work with The Simonian Team again!"

? Seller,Natick

"I used the Simonian team for two properties A rental apartment in Boston and home purchase outside the city and cannot recommend them highly enough. They know both areas,city and suburb,very well and were able to find exactly what we wanted in both and in our price range I would definitely use them again when the opportunity arises!"

? Buyer,Wellesley

"Jeff and Madison are outstanding brokers Our search took several years, stretched over a pandemic and required multiple shifts as we refined our wishes. The Simonian Team was not only patient and available but very knowledgeable Together we found the perfect place and even navigated an unusual closing with success and no delay.I couldn't recommend them more highly."

? Buyer,Back Bay

"The Simonian Team was fantastic in helping me rent a new property in Natick, MA I am coming from Phoenix, Arizona and they took the time to show me all around the Boston area while helping me determine the correct location given my offices and proximity to the rail Truth be told, I would have been lost without them! I would highly recommend using The Simonian Team for any real estate needs!"

? Renter,Natick

"We had the best time working with The Simonian Team! They were so thoughtful about all of the homes they showed us and were incredibly responsive the entire time to all of our questions and concerns They clearly are an expert in the Boston, and surrounding areas, and provided us with the best resources! We could not recommend them enough and look forward to working together in the future!"

? Buyer,South Boston

"The Simonian Team helped us get a great condo in a good location Without thier suggestion,we would not get it. After sales service is another outstanding point for The Simonian Team, they gave us lots of information and advice after the closing We really felt lucky to meet them "

? Buyer,Back Bay

"As a first-time homebuyer, I couldn't have asked for better real estate agents! The Simonian Team made the entire process seamless and stress-free They took time to understand exactly what I was looking for and showed me so many great listings. Their deep knowledge of the market and strong network helped me get connected with all the right people, making each step effortless What truly set them apart was finding an off-market opportunity that ended up being the perfect fit for me! I felt completely comfortable and supported throughout the entire process and I will absolutely call them again when I'm ready to sell!"

? Buyer,South End

?Over the past ten years, I?ve worked with the Simonian Group for three property purchases, one sale, and a rental unit in South Boston and Southborough. Their professionalism, meticulous attention to detail, exceptional communication, and outstanding client care consistently stand out Madison and Jeff are not only highly experienced realtors but also truly remarkable people I wholeheartedly recommend the Simonian Group to any buyer or seller seeking a seamless process guided by seasoned real estate experts? ? South Boston Seller,South Boston Investor,and Southborough,MA Buyer ? Seller,South Boston

492 Beacon Street,Unit 34 Buyer | $1,597,000

2,885 CLIENTS HELPED

20.8K

1,341 PROPERTIES

$4.4Million RENTAL VOLUME

3,871Tenants & 648 Landlords Helped