• You will know in advance what your payments will be.

• You won't waste your time considering homes you cannot afford.

• You can select the best loan package without being under pressure. There are many options to choose from today's market.

• Sellers find your offer to purchase more favorable if they know in advance proof of your ability to secure financing. This may make your offer more competitive if you are in competition with other offers.

• Peace of mind.

Marc will:

Review your financial position to determine the price most suited to your ability to pay and comfort level. Pre-qualifying will help you in the following ways:

• 1. Interest rates are usually locked in for a set period of time. You will know in advance exactly what your payments will be on offers you choose to make.

• 2. You won't waste time considering homes you cannot afford.

• 3. You can select the best loan package without being under pressure.

• 4. Seller may choose to make concessions if they know that your financing is     ....secured, and this may make your offer more competitive.

• 5. Estimate purchase costs and explain them in detail.

• 6. Explain financing alternatives to help you select the one best suited for you.

• 7. Discuss home styles, availability, location, schools and any specific features  ....that you desire.

• 8. Explain the Offer to Purchase Agreement in detail, as well as the Multiple ....Listing Service (MLS).

• 9. Prepare a market report, pricing recommendations and an estimate of equity ....from the sale of your present home, if applicable.

• 10.Provide you with information on all properties currently for sale, including .....new and pre-owned homes, single family homes and condominiums.

Client Service Standards

My Business revolves around the basic belief that my job is not to work with a brick, mortar and parcels of land, but with PEOPLE... People who buy their homes through me... but first, last and always, PEOPLE. My philosophy has never changed. I know that my success is based entirely upon my ability to satisfy the real estate needs of People. Therefore, I make the following pledge to you:

• To provide unsurpassed SERVICE in order to BUY your home in the SHORTEST TIME, with the LEAST INCONVENIENCE to you... OUR CLIENT... WE WILL...

• Initiate and maintain constant and continuous communication with you.

• Carefully analyze your needs, being sensitive to your special requirements.

• Orient you to current market conditions.

• Provide helpful community data.

• Explain local real estate practices and procedures.

• Provide information on financing alternatives.

• Thoroughly analyze the entire inventory of homes on the market.

• Provide information on selected properties.

• Explain process of offer presentation.

• Coordinate all appoints and showings.

• Carefully review the offer to purchase.

• Conscientiously facilitate the negotiations.

Purchase Contract
(Offer and Acceptance)

In negotiating the purchase of your new home, the initial step will be to make an offer to purchase. This offer should be in writing and accompanied by an earnest money check to show good faith. The offer will include:

• The amount you are willing to pay

• Financing terms

• Any personal property specifically included

• Loan commitment date

• Closing and occupancy date

• Other contingencies, including inspections

The offer will be written on a standard contract form. If the initial offer is not accepted by the seller, further negotiations generally reach terms agreeable to both buyer and seller. When buyer and seller agree on terms, the buyer immediately applies for financing and arranges for inspections. Tiffany Shaffer, the marples team's Escrow Manager, will assist you in these processes.

Earnest Money Deposit

At the time a written offer on a property is initiated, you will be required to make a deposit in the form of a personal check or cashier's check. The amount deposited will be kept in the trust fund account of the Listing office and will not be turned over to the seller. This money represents your sincerity in the attempt to purchase and is fully refundable if the offer is not accepted, if your loan is not approved or if some other condition of the contract is not met by the seller. You should anticipate a minimum of $1,000 for homes under $100,000. In homes over this price range, expect to deposit one to five percent of the purchase price. The check will be made out to the listing office of the home. This earnest money will be credited to you at closing as part of your down payment and/or closing costs.

Title Insurance

When property is sold or refinanced, the lender and/or Buyer needs a preliminary title report to see exactly what liens and encumbrances are against the property. Items that a preliminary title report show include:

• Easements of record

• Restrictions, covenants and conditions

• Liens and/or judgments

• Exact vested owner of record

• Legal description

When the sale of the subject property is final and the title company has recorded the necessary documents, they then will issue a policy of title insurance to the new lender and the buyer showing clear title to the property.

Understanding Closing Costs

Application Fee: Fee charged by lender to offset fixed costs related to mortgage loan processing such as appraisal, credit report, and underwriting.

Closing Fee: The fee charged by the closing agent who prepares the closing documents and closes the loan on behalf of the lender.

Commitment Fee: This is often called an origination fee and is generally computed at 1% of the mortgage amount.

Discount Points: Each point is equal to 1% of the mortgage amount. Points are used by the lender to adjust the yield on the mortgage when it is sold to an investor. By paying more points, the borrower can obtain a lower mortgage interest rate.  These fees are not required however, can be helpful in reducing your monthly payment.  Generally, the longer you plan on staying in a home, the more benefit you will get out of paying points.

Funding Fees: Normally applicable on VA loans only, equal to 1% of the loan amount. The fee is due at closing or may be added to the loan amount and financed.

Home owner's Insurance: One year premium is due in advance at time of closing.

Mortgage Insurance: Insurance required by the lender when the down payment is less than 20%. In the case of loan default, this insurance reduces the lender's loss. Many new options including a 80/20 loan, make it possible to get a loan with little, or often no down payment and still not be liable for PMI.

Pre-payables:  Interest is paid through the end of the month of closing. Two months of PMI (Principle Mortgage and Interest) are collected. Two months of homeowner's insurance may be collected. A homeowner's insurance policy must be provided along with a receipt showing that the first year's premium is paid.

Recording Fees: Fees charged by state or municipal entities for entering the closing documents into the public record.

Survey Fee: Is usually required and is used by the lender to check for encroachments from within or from outside the subject property.  It is common for this to be paid for by seller.

Title Insurance: Provides protection for lenders and homeowners against financial loss resulting from legal defects in the title.

Underwriting Fee: Usually included in the application fee. However, practices vary from lender to lender.

What are the advantages of working with Marc Frisco to buy a home?

Real Estate is a complicated business. There are a million details that must be handled on a timely basis in order to provide the quality of service that you deserve. Marc will search the world over for the home of your dreams. Marc has grown and developed his own marketing and service plan to insure that his customers and clients receive memorable real estate service ... not just satisfactory, but MEMORABLE.

Why Buy?

Pride In Owning
Most people buy homes to have control over where they live. Although investment features are important, the psychological reasons for buying - the satisfaction of owning and freedom from paying rent - are at least as important.

Dislike Paying Rent
Renting offers a lifestyle that's nearly maintenance free, that may appeal to you, but consider that renting offers you no equity, no tax benefit, and no protection against regular increases. Writing a rent check is just like watching your hard earned money sail away.

Settling Down
More then 6 of 10 renters said settling down was an important reason to buy.

Good Investment
76% of owners said the investment aspect of ownership was important.

Tax Advantages
Property taxes and qualified home interests are deductible on schedule A, for itemized deduction.

Long-Term Appreciation
People consider home ownership a good investment because they view it as a long-term investment.

Sacrifices Are Worth It
Almost 7 in 10 renters in the national association of realtors home ownership survey said they planned to buy a home in the future. More than three quarters said they were willing to sacrifice to do that.