COMPANY RANKING
3RD QUARTER 2025
Top 3 Within Each State - Medium Teams
1st Place in Total GCI in Arizona
COMPANY WIDE TOP 25
October #3 - Teams GCI Ranking
September #4 - Teams GCI Ranking
August #4 - Teams GCI Ranking
July #3 - Teams GCI Ranking
June #3 - Teams GCI Ranking
DESERT ELITE GROUP
OUR DIFFERENTIATORS
1.Desert Elite Group is the number 1 selling team at Berkshire Hathaway Anthem and a winner of the Chairman’s Circle Gold Award. Our members are residents of Anthem and have extensive knowledge and understanding of our city and the surrounding area.
2.We have the brick and mortar location right here in Anthem-our office is open 5 days a week, Saturdays and Sundays by appointment!
3.As our client, you get an entire team of experienced full-time agents working on your behalf.
4.We work for you-we will protect your interests by selling your house in the shortest time, with the least hassle, and maximize your return.
5.Our team of experts is looking over your transaction, making sure the process goes smoothly.
6.You have access to the collective knowledge, experience, and skillsets of a group of agents, transaction coordinators, and marketing experts.
7.We are always accessible-if your agent is not available, another team member will step in to assist you.
8.Our agents deliver strong customer service and will return your calls and answer your emails in the shortest time possible.
9.We take pride in being proactive and giving you feedback, communicating, and making sure our clients stay informed every step of the way.
10.When you hire one of us, you get a whole army of agents marketing your property, holding open houses, and actively looking for a perfect buyer for your property.
HOW WE GET YOUR HOME SOLD
COMPARISON CHART
For sale sign of high quality
Open house with max.
Listed on the Multiple Listing Service
Professional quality pictures
High definition drone photography and videography on properties over 500k
Professional copywriting to sell the property
Full-service marketing, including pre-listing matching program
Tailor your marketing to capture buyers online, through multiple social media platforms
Door knock the neighborhood
Single property website (300% more views)
Post your home for sale on over 1000 websites
Work with ALL brokerages, no pocket listings
Quickly respond to all inquiries on your home and follow up to see how we can increase their interest in your home
Email info on your home to buyers shopping for a home like yours
Give you feedback from all showings
Work with lenders
Help you understand how different
options impact your sale
Provide you with after-close financing options for your home improvements
Provide effortless move to your new home
Assist you with different staging options
Give you decorating and home improvement tips that will cause buyers to fall in love with your home
Help solve any problems that may arise during the process as quickly as possible
Work with you pro-actively to ensure you get the best results on your sale
DESERT ELITE GROUP
YOUR QUESTIONS
1. How long have you been a real estate agent?
2. How many transactions did you have in the last 24 months?
3. What neighborhoods do you specialize in?
4. What’s your schedule and availability?
5. Do you work independently or with a team?
6. How will you keep in contact with me during the transaction process, and how often?
7. How do you come up with the suggested price for the home?
8. Do you have a recommended local vendors list?
9. What is the average number of days on the market for your listings?
10. Once my home is on the internet, ads are placed, the sign is up and flyers are made, what do you do each day to sell my home?
Terms you should know.
Appraisal
An estimate of value of property resulting from analysis of facts about the property; an opinion of value.
Annual Percentage Rate (APR)
The borrower’s costs of the loan term expressed as a rate. This is not their interest rate.
Beneficiary
The recipient of benefits, often from a deed of trust; usually the lender.
Closing Disclosure (CD)
Closing Disclosure form designed to provide disclosures that will be helpful to borrowers in understanding all of the costs of the transaction. This form will be given to the consumer three (3) business days before closing.
Close of Escrow
Generally the date the buyer becomes the legal owner and title insurance becomes effective.
Comparable Sales
Sales that have similar characteristics as the subject real property, used for analysis in the appraisal. Commonly called “comps.”
Consummation
Occurs when the borrower becomes contractually obligated to the creditor on the loan, not, for example, when the borrower becomes contractually obligated to a seller on a real estate transaction. The point in time when a borrower becomes contractually obligated to the creditor on the loan depends on applicable State law. Consummation is not the same as close of escrow or settlement.
Deed of Trust
An instrument used in many states in place of a mortgage.
Deed Restrictions
Limitations in the deed to a parcel of real property that dictate certain uses that may or may not be made of the real property.
Disbursement Date
The date the amounts are to be disbursed to a buyer and seller in a purchase transaction or the date funds are to be paid to the borrower or a third party in a transaction that is not a purchase transaction.
Earnest Money Deposit
Down payment made by a purchaser of real property as evidence of good faith; a deposit or partial payment.
Easement
A right, privilege or interest limited to a specific purpose that one party has in the land of another.
Endorsement
As to a title insurance policy, a rider or attachment forming a part of the insurance policy expanding or limiting coverage.
Hazard Insurance
Real estate insurance protecting against fire, some natural causes, vandalism, etc., depending upon the policy. Buyer often adds liability insurance and extended coverage for personal property.
Impounds
A trust type of account established by lenders for the accumulation of borrower’s funds to meet periodic payments of taxes, mortgage insurance premiums and/or future insurance policy premiums, required to protect their security.
Legal Description
A description of land recognized by law, based on government surveys, spelling out the exact boundaries of the entire parcel of land. It should so thoroughly identify a parcel of land that it cannot be confused with any other.
A form of encumbrance that usually makes a specific parcel of real property the security for the payment of a debt or discharge of an obligation. For example, judgments, taxes, mortgages, deeds of trust.
Loan Estimate (LE)
Form designed to provide disclosures that will be helpful to borrowers in understanding the key features, costs and risks of the mortgage loan for which they are applying. Initial disclosure to be given to the borrower three (3) business days after application.
Mortgage
The instrument by which real property is pledged as security for repayment of a loan.
A payment that includes principal, interest, taxes, and Insurance.
Power of Attorney
A written instrument where by a principal gives authority to an agent. The agent acting under such a grant is sometimes called an “Attorney-in-Fact.”
Recording
Filing documents affecting real property with the appropriate government agency as a matter of public record.
Settlement statement
Provides a complete breakdown of costs involved in a real estate transaction.
Integrated Disclosures
Quick Reference
Count on First American Title.
Count on us for service.
First American Title’s professionals are proud to provide the title insurance that assures people’s home ownership. Backed by First American Title Insurance Company, your transaction will be expertly completed in accordance with state-specific underwriting standards and state and federal regulatory requirements.
Count on us for stability.
First American Title is the principal subsidiary of First American Financial Corporation, and one of the largest suppliers of title insurance services in the nation. With roots dating back to 1889, we’ve served families for generations.
Count on us for convenience.
First American Title has a direct office or agent near you. We also have an extensive network of offices and agents throughout the United States, and internationally.
Count on us to meet your needs.
First American Financial Corporation offers more than title insurance and escrow services through its subsidiaries. Our subsidiaries also provide property data, title plant records and images, home warranties, property and casualty insurance, and banking, trust and advisory services.
The Benefits of Buying
Not sure if you should buy a home? The rent you pay could build equity in your own real estate. Do you realize how much you pay in rent over a period of years? The chart below gives you a total picture of what is happening to your money. The rent you pay adds up to a sizeable sum.
$1,200
$1,300
$1,400
$1,500
$1,750
$2,000
$2,250
$2,500
$2,750
$120,000
$135,000
$150,000
$165,000
$180,000
$210,000
$240,000
$144,000
$156,000
$168,000
$180,000
$210,000
$240,000
$270,000
$300,000
$330,000
$360,000
$420,000
$480,000
No interest payment deductions
Rental amount may increase at any time
Landlord approval needed for any changes
No capitalization; your money disappears forever
Rental is temporary and is often subject to 30 day’s notice
Deductions for your mortgage interest paid
Mortgage payments could be fixed
Decorate and make changes without prior approval
The value of your property may increase in time
Your house will become a home, not a temporary living situation; you are not at the mercy of a landlord
How
This formula is only a guide and not to be construed as actual lending calculations.
Contact your loan officer to determine more accurately what price range you should consider. Lenders abide by certain ratios when calculating the loan amount their customers can qualify for and the ratios vary by lender and loan program. Many use 28% of your gross monthly income as the maximum allowed for your mortgage payment (principal/interest/ taxes/insurance or PITI); for your total monthly debt, the ratio is 36%. Total monthly expenses means PITI plus long-term debt (such as auto loans) and revolving/credit-card debt. Do not include other expenses such as groceries, utilities, clothing, tuition, etc., to calculate this ratio.
3,240 3,411 3,581 3,752 3,923 4,093
1,748 1,923 2,098 2,272 2,447 2,622 2,797 2,972 3,146 3,321 3,496 3,671 3,846 4,020 4,195
Key professionals involved in your transaction.
REALTOR®
A REALTOR® is a licensed real estate agent and a member of the National Association of REALTORS®, a real estate trade association. REALTORS® also belong to their state and local Association of REALTORS®.
Real Estate Agent
A real estate agent is licensed by the state to represent parties in the transfer of property. Every REALTOR® is a real estate agent, but not every real estate agent has the professional designation of a REALTORS®.
Listing Agent
A key role of the listing agent or broker is to form a legal relationship with the homeowner to sell the property and place the property in the Multiple Listing Service.
Buyer’s Agent
A key role of the buyer’s agent or broker is to work with the buyer to locate a suitable property and negotiate a successful home purchase.
Multiple Listing Service (MLS)
TheMLS is a database ofproperties listed for sale by REALTORS® who are members of the local Association of REALTORS®. Information on an MLS property is available to thousands of REALTORS®.
Title Company
These are the people who carry out the title search and examination, work with you to eliminate the title exceptions you are not willing to take subject to, and provide the policy of title insurance regarding title to the real property.
Escrow Officer
An escrow officer leads the facilitation of your escrow, including escrow instructions preparation, document preparation, funds disbursement, and more.
Lenders
A financial institution that provides money to a borrower to purchase real estate, often in the form of a mortgage. Lenders play a vital role in the home buying process by assessing the borrower’s ability to repay the loan and setting the terms of the mortgage.
Inspectors
A licensed professional who evaluates the condition and safety of a property for a buyer or seller. They inspect the property from top to bottom, looking for defects that could be a financial burden or safety risk.
Appraisers
A professional who provides an unbiased estimate of a property’s value.
BenefitsofusingaprofessionalREALTOR®.
Congratulationsonyourdecisiontobuyahome!It’sachallengingproject,andthere aremanywaysaprofessionalcanhelp.Herearesomeofthemanywaysyoumay benefitfromworkingwithaREALTOR®:
Manymorehomechoices.
®
YourREALTORhasthousandsofhomestochoosefrom throughtheMultipleListingService(MLS),soyou’remore likelytofindthehomethat’sjustrightforyouandfindit quicker.Infact,amajorityofthehomesforsalearelistedby REALTORS®andaren’tavailabletoyouunlessyouare workingwithaREALTOR.®
Anumberoftransactions“fallout.”
Unfortunately,it’strue.Sometransactionsfallapartbefore closing.AnexperiencedREALTOR®maybeabletoresolve problemsandseeyourtransactionthroughtoasuccessful closing.
Knowledgeofnewhomesubdivisions.
NewhomesubdivisionswillwelcomeyouandyourREALTOR
®
Ifyou’reinterestedinbuyinganewhome,takeyouragentwith youonyourfirstvisittoeachsubdivision.Yourprofessional REALTOR®isanimportantsourceofinformationwhocan supplybackgroundonthebuilder,nearbysubdivisions,andthe localcommunity.
It’samajorinvestment.
Youuseaprofessionalforyourlegal,financialandhealthneeds. Whygambleonwhatmaybeyourbiggestinvestmentwithouta professionalatyourside?
HelpwithFSBO’s.
Ifyouconsidera“ForSaleByOwner,”takeyourREALTOR® alongtohelpnegotiatethecontract.
LessLiability
Youmayhavemoreprotectionfromlegalandfinancial liability,especiallyasrealestatetransactionsbecomemore complicated.
ThePaperwork
YourexperiencedREALTOR®willnegotiateandpreparethe purchasecontractforyouandassistyouthroughouttheescrow process.
Types of Loans
Adjustable Rate Loan
Adjustable or variable rate refers to the fluctuating interest rate you’ll pay over the life of the loan. The rate is adjusted periodically to coincide with changes in the index on which the rate is based. The minimum and maximum amounts of adjustment, as well as the frequency of adjustment are specified in the loan terms. An adjustable rate mortgage may allow you to qualify for a higher loan amount but maximums, caps and time frames should be considered before deciding on this type of loan.
Assumable Loan
A true assumable loan is rare today. This loan used to enable a buyer to pay the seller for the equity in the home and take over the payments without meeting any requirements. Assumables these days generally require standard income, credit and funds verification by the lender before the loan can be transferred to the buyer.
Community Homebuyer’s Program
This program is designed to assist first-time buyers by offering a fixed rate and a low downpayment, such as 3 to 5% down. The program doesn’t require cash reserves, and qualifying ratios are more lenient; however, the buyer’s income must fall within a certain range and a training course may be necessary if required by the program. Ask your loan officer if this program is available in your community and whether or not you might qualify.
Conventional Loan
This simply describes a loan that is not obtained under any government-insured program, secured by investors. It could be a fixed rate or adjustable.
FHA Loan
This program is beneficial for buyers who don’t have large down payments. The loan is insured by the Federal Housing Administration under Housing and Urban Development (HUD) and offers easier qualifying with less cash needed upfront but the condition of the property is strictly regulated. The seller will pay a portion of the closing costs that would typically be paid by the buyer in a conventional loan program.
Fixed Rate Loan
This loan has one interest rate that is constant throughout the loan.
VA Loan
People who have served in the U.S. armed forces can apply for a VA loan which covers up to 100% of the purchase price and requires little or no downpayment.
Vesting: Ways to hold title in Arizona.
Requires a valid marriage between two persons.
Each spouse holds an undivided one-half interest in the estate.
Parties need not be married; may be more than two joint tenants.
Each joint tenant holds an equal and undivided interest in the estate, unity of interest.
One spouse cannot partition the property by selling his or her interest.
Requires signatures of both spouses to convey or encumber.
Each spouse can devise (will) one-half of the community property.
Upon death the estate of the decedent must be “cleared” through probate, affidavit or adjudication.
One joint tenant can partition the property by selling other joint interest.
Requires signatures of all joint tenants to convey or encumber the whole.
Estate passes to surviving joint tenants outside of probate.
No court action required to “clear” title upon the death of joint tenant(s).
Requires a valid marriage between two persons.
Each spouse holds an undivided one-half interest in the estate.
One spouse cannot partition the property by selling his orher interest.
Requires signatures of both spouses to convey or encumber.
Estate passes to the surviving spouse outside of probate.
No court action required to “clear” title upon the first death.
Parties need not be married; may be more than two tenants in common.
Each tenant in common holds an undivided fractional interest in the estate. Can be disproportionate.
Each tenant’s share can be conveyed, mortgaged or devised to a third party.
Requires signatures of all tenants to convey or encumber the whole.
Upon death the tenant’s proportionate share passes to his or her heirs by will or intestacy.
Upon death the estate of the decedent must be“cleared” through probate, affidavit or adjudication.
What happens next for the buyer.
Identity Statement
You will be asked to fill out an Identity Statement that enables our title department to distinguish you from others with identical names during our search of County records. It also provides basic information that will be useful to your escrow officer.
Home Loan
Unless you are paying cash, assuming a loan, or the seller is financing, you will need to apply for a home loan if you have not already done so. Apply as soon as possible to comply with the purchase contract and prior to insuring to avoid delaying the closing.
Response to Seller’s Notices
If directed by the contract, you may receive the following items which require a response from you:
-Seller’s property disclosure statement listing any existing problems known to the seller
-Information pertaining to the Homeowners Association (HOA) or Planned Unit Development (PUD), such as Covenants, Conditions and Restrictions (CC&Rs), if applicable
-Flood hazard disclosure if the real property is in a flood area
-Independent inspections, such as termite and septic, and any repairs as required
Title Commitment
You will receive a copy of the title commitment when we complete the title search. If you have questions about the title commitment, contact your real estate agent or your escrow officer.
Consider This
One escrow transaction could involve over 20 individuals, including real estate professionals, buyer, seller, attorney, escrow officer, escrow technician, title officer, loan officer, loan processor, loan underwriter, home inspector, termite inspector, insurance agent, home warranty representative, contractor, roofer, plumber, pool service, and so on. And often one transaction depends on another. When you consider the number of people involved, you can imagine the opportunities for delays and mishaps. While your experienced real estate professional, escrow, and title team can’t prevent unforeseen problems from arising, they can help to ensure as smooth a closing as possible.
Your Title Commitment
The information below is to help you understand the contents of the title commitment you will receive from First American Title.
A
This is the information submitted to our title department by the escrow officer. It contains the basic information given to us by the buyer or real estate professional, such as the legal description of the real property, sale price, loan amount, lender, name, and marital status of buyer and seller.
B
The Schedule B “exceptions” are items which are tied to the subject property, and the buyer's rights in the title will be subject to these exceptions. These may include easements, Homeowners Association by-laws, leases, Covenants, Conditions, and Restrictions (CC&Rs) and other items which will remain of record and transfer with the property. The buyer is asked to sign a receipt for the Schedule B documents which states the buyer has read and accepts the contents.
Requirements
These are items that First American Title needs to delete and/or record prior to insuring title to the real property. Items that need to be addressed include:
-Current property-tax status
-Any assessments that are owed, such as those for a Homeowners Association
-Any encumbrances (or liens) on the real property
Sometimes items show up against a parcel of real property because another person has a name similar to an involved party. This is one reason we ask for an Identity Statement, to determine if items are inaccurate and can be deleted.
Schedule
Schedule
What to avoid during the closing process.
Avoid changing jobs
A job change may result in your loan being denied, particularly if you are taking a lower-paying position or moving into a different field. Don’t think you’re safe because you’ve received approval earlier in the process, as the lender may call your employer to re-verify your employment just prior to funding the loan.
Avoid switching banks or moving your money to another institution
After the lender has verified your funds at one or more institutions, the money should remain there until needed for the purchase.
Avoid paying off existing accounts unless your lender requests it
If your loan officer advises you to pay off certain bills in order to qualify for the loan, follow that advice. Otherwise, leave your accounts as they are until your escrow closes.
Avoid making any large purchases
A major purchase that requires a withdrawal from your verified funds or increases your debt can result in your not qualifying for the loan. A lender may check your credit or re-verify funds at the last minute, so avoid purchases that could impact your loan approval.
Closing Your Escrow
What to do before the closing appointment.
Your escrow officer or escrow technician will contact you to schedule your closing appointment and inform you of the funds you need to bring with you. Obtain a cashier’s check for that amount made payable to First American Title. If a wire transfer is necessary, arrange for it in advance with your escrow officer.
First American Title is required by law to have funds deposited before escrow funds can be disbursed. Expect delays if you submit a personal check! If you have questions or anticipate a problem, contact your escrow officer immediately.
Don’t forget your identification.
You will need valid identification with your photo; a driver’s license is preferred. This is necessary so that your identity can be sworn to by a notary public. It’s a routine step, but it’s important for your protection.
What happens next?
During your signing appointment at First American Title, you will sign loan documents for the home you are purchasing and you will present your identification so the documents can be notarized. You will review the settlement statement and give the escrow officer your cashier’s check. (The seller will sign at a separate appointment.)
First American Title will confirm that all contract conditions have been met and ask the lender to “fund the loan.” If the loan documents are satisfactory, the lender will send funds directly to First American Title. When all necessary funds are received we will disperse escrow funds to the seller and other appropriate payees. The signed loan documents will be returned to the lender. We will record the deed at the county recorder’s office. At this time your escrow is closed.
After the Closing
We recommend you keep all records pertaining to your home together in a safe place, including all purchase documents, insurance, maintenance and improvements.
Loan ayments and mpounds. You should receive a statement from your lender before your first payment is due. If you have not been notified, or if you have questions about your tax and insurance impounds, contact your lender.
Home Warranty Repairs. If you have a home warranty policy, call your home warranty company directly for repairs. Have your policy number available when you call.
Title Insurance Policy. First American Title will deliver your policy and your recorded deed.
Property Taxes You may not receive a tax statement for the current year on the home you buy; however, it is your obligation to make sure the taxes are paid when due. Check with your mortgage company to find out if taxes are included with your payment. For more information on your property taxes, contact your county treasurer’s office.
PlanningYourMove
SixWeeksBefore:
Createaninventorysheetofitemstomove.
Researchmovingoptions. You’llneedtodecideifyours isado-it-yourselfmoveorifyou’llbeusingamovingcompany.
Requestmovingquotes Solicitmovingquotesfromas manymovingcompaniesandmoversaspossible.There canbealargedifferencebetweenratesandserviceswithin movingcompanies.
Discardunnecessaryitems. Movingisagreattimefor riddingyourselfofunnecessaryitems.Haveayardsaleor donateunnecessaryitemstocharity.
Packingmaterials Gathermovingboxesandpacking materialsforyourmove.
Contactinsurancecompanies. (Life,Health,Fire,Auto) You’llneedtocontactyourinsuranceagenttocancel/ transferyourinsurancepolicy.Donotcancelyourinsurance policyuntilyouhaveandclosedescrowon thesale.
Seekemployerbenefits Ifyourmoveiswork-related,your employermayprovidefundingformovingexpenses.Your humanresourcesrepshouldhaveinformationonthispolicy.
ChangingSchools Ifchangingschools,contactnewschool forregistrationprocess.
FourWeeksBefore:
Contactutilitycompanies Setutilityturnoffdate,seek refundsanddepositsandnotifythemofyournewaddress.
Obtainyourmedicalrecords . Contactyourdoctors, physicians,dentistsandothermedicalspecialistswho maycurrentlyberetaininganyofyourfamily’smedical records.obtaintheserecordsormakeplansforthemtobe deliveredtoyournewmedicalfacilities.
Notefoodinventorylevels. Checkyourcupboards, refrigeratorandfreezertouseupasmuchofyour perishablefoodaspossible.
Servicesmallengines foryourmovebyextractinggasand oilfromthemachines.Thiswillreducethechancetocatch fireduringyourmove.
Protectjewelryandvaluables Transferjewelryand valuablestosafetydepositboxsotheycannotbelostor stolenduringyourmove.
Borrowedandrenteditems. Returnitemswhichyoumay haveborrowedorrented.Collectitemsborrowedtoothers.
Planyouritinerary. Makeplanstospendtheentireday atthehouseoratleastuntilthemoversareontheirway. Someonewillneedtobearoundtomakedecisions.Make plansforkidsandpetstobeatthesittersfortheday.
Changeofaddress VisitUSPSforchangeofaddressform. Bankaccounts. Notifybankofaddresschange.Makesure tohaveamoneyorderforpayingthemovingcompanyif youaretransferringorclosingaccounts.
Serviceautomobiles. Ifautomobileswillbedrivenlong distances,you’llwanttohavethemservicedforatroublefreedrive.
Cancelservices Notifyanyremainingserviceproviders (newspapers,lawnservices,etc)ofyourmove.
Startpacking Beginpackingforyournewlocation.
Travelitems Setasideitemsyou’llneedwhiletraveling andthoseneededuntilyournewhomeisestablished. Makesurethesearenotpackedinthemovingtruck!
Scanyourfurniture Checkfurnitureforscratchesand dentsbeforesoyoucancomparenoteswithyourmoveron movingday.
PrepareFloorPlan
Preparefloorplanforyournewhome. Thiswillhelpavoidconfusionforyouandyourmovers.
MovingDay:
Reviewthehouse Oncethehouseisempty,checkthe entirehouse(closets,theattic,basement,etc)toensureno itemsareleftornohomeissuesexist.
Signthebilloflading. Onceyouaresatisfiedwiththe mover’spackingyouritemsintothetruck,signthebillof lading.Ifpossible,accompanyyourmoverwhilethemoving truckisbeingweighed.
Doublecheckwithyourmover Makesureyourmoverhas thenewaddressandyourcontactinformationshouldthey haveanyquestionsduringyourmove.
Vacateyourhome Makesureutilitiesareoff,doorsand windowsarelockedandnotifyyourrealestateagentyou’ve lefttheproperty.
OneWeekBefore:
Quick Reference
Count on First American Title
Count on us for service.
First American Title’s professionals are proud to provide the title insurance that assures people’s home ownership. Backed by First American Title Insurance Company, your transaction will be expertly completed in accordance with state-specific underwriting standards and state and federal regulatory requirements.
Count on us for stability.
First American Title is the principal subsidiary of First American Financial Corporation, and one of the largest suppliers of title insurance services in the nation. With roots dating back to 1889, we’ve served families for generations.
Count on us for convenience.
First American Title has a direct office or agent near you. We also have an extensive network of offices and agents throughout the United States, and internationally.
Count on us to meet your needs.
First American Financial Corporation offers more than title insurance and escrow services through its subsidiaries. Our subsidiaries also provide property data, title plant records and images, home warranties, property and casualty insurance, and banking, trust and advisory services.
DESERTELITEGROUP
DESERTELITEGROUP
DESERTELITEGROUP
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DESERT ELITE GROUP DESERT ELITE GROUP
Closing Costs: Who Pays Whats
This
Property Inspection (If Requested By Buyer)
Property Repairs, If Any (Negotiable)
New Loan Origination Fee (Negotiable)
Discount Points (Negotiable)
Document Preparation Fee (Charge Seller On Fha/Va)
Credit Report
Appraisal Or Extension Fee (Negotiable)
Interest Proration On Seller’s Existing Loan
Existing Loan Payoff
Existing Loan Payoff Demand
Loan Prepayment Penalty (If Any)
Next Month’s Piti Payment
Prepaid Interest (Approx. 30 Days)
Reserve Account Balance (Credit Seller / Charge Buyer)
Fha Mip, Va Funding Fee, Pmi Premium
Assessments Payoff Or Proration (Sewer, Paving, Etc.)
Taxes
Tax Impounds
Tax Service Contract
Fire/Hazard Insurance
Flood Insurance
Homeowners Association (Hoa) Transfer Fee
Hoa/Disclosure Fee
Current Hoa Payment
Next Month’s Hoa Payment
Home Warranty Premium (Negotiable)
Homeowners Title Policy (Negotiable on all but VA loan)
Lenders Title Policy And Endorsements
Account Servicing Set-Up Fee (Negotiable)
Escrow Fee (Note: Charge Seller On Va Loan)
Recording Fees (Flat Rate)
Reconveyance/Satisfaction Fee
Courier/Express Mail Fees
Email Loan Documents
Compare First American Title’s Eagle Policy®for Owners
Protection from:
Someone else owns an interest in your title
A document is not properly signed
Forgery, fraud, duress in the chain of title
Defective recording of any document
There are restrictive covenants
There is a lien on your title because there is:
a) a mortgage
b) a judgement, tax, or special assessment
c) a charge by a homeowner’s association
Title is unmarketable
Mechanics lien **
Forced removal of a structure because it:
a) extends on another property and/or easement
b) violates a restriction in Schedule B
c) violates an existing zoning law*
Cannot use the land for a Single-Family Residence because the use violates a restriction in Schedule B or a zoning ordinance
Unrecorded lien by a homeowners association
Unrecorded easements
Building permit violations*
Restrictive covenant violations
Post-policy forgery
Post-policy encroachment
Lack of vehicular and pedestrian access
Post-policy adverse possession
Post-policy prescriptive easement
Covenant violation resulting in your title reverting to a previous owner
Violation of building setback regulations
Discriminatory covenants
Other benefits:
Pays rent for substitute land or facilities
Rights under unrecorded leases
Plain language statements of policy coverage and restrictions
Coverage for boundary wall or fence encroachment **
Added ownership coverage leads to enhanced marketability I
Insurance coverage for a lifetime
Post-policy inflation coverage with automatic increase in value up to 150% over five years
Post-policy Living Trust coverage
and
Consider This
One escrow transaction could involve more than 20 individuals, including real estate agents, buyers, sellers, attorneys, escrow officer, escrow technician, title officer, loan officer, loan processor, loan underwriter, home inspector, termite inspector, insurance agent, home warranty representative, contractor, roofer, plumber, pool service, and so on. And often, one transaction depends on another.
When you consider the number of people involved, you can imagine the opportunities for delays and mishaps. Your experienced escrow team can’t prevent unforeseen problems from arising; however, they can help smooth out the process.
Closing Your Escrow
What to do before the closing appointment.
Your escrow officer or escrow technician will contact you to schedule your closing appointment and inform you of the funds you need to bring with you. Obtain a cashier’s check for that amount made payable to First American Title. If a wire transfer is necessary, arrange for it in advance with your escrow officer.
First American Title is required by law to have funds deposited before escrow funds can be disbursed. Expect delays if you submit a personal check! If you have questions or anticipate a problem, contact your escrow officer immediately.
Don’t forget your identification.
You will need valid identificationwith yourphoto; a driver’s license is preferred. This is necessary so that your identity can be sworn to by a notary public. It’s a routine step, but it’s important for your protection.
What happens next?
During your signing appointment at First American Title, you will sign loan documents for the home you are purchasing and you will present your identification so the documents can be notarized. You will review the settlement statement and give the escrow officer your cashier’s check. (The seller will sign at a separate appointment.)
First American Title will confirm that all contract conditions have been met and ask the lender to “fund the loan.” If the loan documents are satisfactory, the lender will send funds directly to First American Title. When all necessary funds are received we will disperse escrow funds to the seller and other appropriate payees. The signed loan documents will be returned to the lender. We will record the deed at the county recorder’s office. At this time your escrow is closed.
After the Closing
We recommend you keep all records pertaining to your home together in a safe place, including all purchase documents, insurance, maintenance and improvements.
Loan payments and impounds. You should receive a statement from your lender before your first payment is due. If you have not been notified, or if you have questions about your tax and insurance impounds, contact your lender.
Home Warranty Repairs. If you have a home warranty policy, call your home warranty company directly for repairs. Have your policy number available when you call.
Title Insurance Policy. First American Title will deliver your policy and your recorded deed.
Property Taxes. You may not receive a tax statement for the current year on the home you buy; however, it is your obligation to make sure the taxes are paid when due. Check with your mortgage company to find out if taxes are included with your payment. For more information on your property taxes, contact your county treasurer’s office.
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