Brian Teyssier’s Steps for Purchasing a Home



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Brian Teyssier’s Steps for Purchasing a Home.

All commissions are paid by the seller, the only cost to you from Keller Williams is a $175 Administrative Fee.

Step One - Setting up the Search

During our initial contact, I will ask pertinent questions to set up a search for your home. I will set up an MLS search free of charge that will send properties that match the description you gave me directly to your e-mail without me even knowing. The benefit of this is we do not have to waste time nor gas driving all around. The search I do searches ALL listings by ALL brokers, eliminating the need for you to go to each broker’s website. Included in the e-mail will be,

• several pictures of the property, provided the listing agent included them,

• virtual tour, if the agent provided one,

• room dimensions,

• school district,

• amount of bedrooms,

• amount of bathrooms,

• whether there is a garage & number of parking,

• taxes,

• inclusions (appliances, etc…),

• water source (public, well, etc…),

• sewer type (public, septic, etc…),

• approximate lot size,

• fire places,

• floor type,

• heat and cooling type,

• condo fees,

• if there is a basement and if it is finished,

• approximate age,

• directions,

• and of course price!

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When an agent puts a property on the market in the future, the listing will be e-mailed right to you for a period of 60 days. If we have not found some properties you would like to view in 60 days, we will have to reevaluate your needs/desires.

Step 2 – Making a list

The first e-mail I send you after I create the search will have multiple properties for you to view. Make a list of properties that interest you and send me an e-mail with the properties MLS numbers (numbers assigned by the Multiple Listing Service) to every property. Once I receive them, we will schedule a day/night to view them and I will contact the listing agents and chart a course for the day.

Step 3 – Pre-approval

It is a requirement of the listing agents and me that all buyers have spoke with a lender and that lender e-mails me a “pre-approval” letter. This letter states to me and the listing agent that after reviewing your finances, you can qualify for a mortgage for the home. I MUST have the pre-approval letter before we visit our first house. Agents are not permitted to force you into using one lender over another. I have had great success for my buyers with Craig Pfister, branch manager of Apex Lending. You can contact him by,

• cpfister@

• Direct: 412.600.6629

•

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Step 4 - The Tour

I will provide a folder with a copy of the listings and a pen for you to make notes about each property. Things you like and dislike are a good idea especially if we are looking at over 5 properties. You will thank me after you get home and your head is spinning and you open that folder and there are all of those notes! I will also include on each listing when the property went on the market and all activity such as price reductions, if it went on contingent or under contract status. Knowing this gives me the leverage to get you the best possible deal.

Step 5 - Found a Home

After we find a home you like enough to put an offer in on, we will meet at my office. You will need to bring what is called a “hand money” or “earnest” money check which shows that you are serious about the purchase of the house. The amount of the check is usually 1-5% of the offering price, however, if a buyer really wants the house it can be more and if a buyer is not real serious, it can be less. The hand money check is applied to your closing costs. The check (made out to ERA Showcase Homes) will be held in a folder by me until we have a fully executed contract then it will be put into an escrow account of ERA Showcase Homes. A “fully executed contract” means the sellers sign the offer or the offer after we have had negotiations. During this meeting I will figure out a “buyer cost estimate” which gives you an estimate based on information from the pre-approval, the amount of money you would need to bring to the closing table and what your monthly payment would be including taxes and insurance.

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I will explain the contract which is also the offer with you and then you will initial the lower left corner and sign in the appropriate box. We will select the closing date we would like when we fill out the offer. We will also have a date in there that we want an answer by.

There will be a copy of the seller’s disclosures in every home we tour which is a legal requirement for the sellers to disclose and problems or repairs the may have had/done during their ownership. You will sign the last page acknowledging you have read this document.

After this meeting I will e-mail the offer, the signed page of the seller’s disclosure, the pre-approval and a copy of the check with your account numbers blacked out to the listing agent. Once they receive and review it, two things can happen, they can accept or they can counter offer. Counter offering is usually done verbally until we arrive at an agreement then I will retype the changed page(s), have you sign and initial then e-mail them back to the seller for their initials and signatures. Then and only then do we have a fully executed agreement.

Step 6 - Transaction Management

This is a very important step that can cost us both thousands of dollars if not kept a close eye on. The date we have a FULLY EXECTUED contract the clock starts ticking. If you choose to have a home inspection, you will have whatever amount of days is written in the contract to have a home inspection completed and come to an agreement with the seller to have repairs, if any made to the property. If we get close to the end of the amount of days, I can compose an addendum to extend the deadline.

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By law, an agent can not make you chose an inspector.

Many of my buyers, me included have used Finial Property Inspections. You may choose any inspector you want.

Doug Kaup – owner

Office: (412) 366-8111

Direct: (412) 491-1254



E-mail: finialpi@

You may also have him do a radon inspection and pest at an additional cost. Most inspections run between $250 - $300, depending on the season. If the water and sewage are not public, you may choose to have them inspected for an additional cost as well.

If we elect property insurance availability, there will be “x” amount of days again to make sure you can get the home insured.

There is also a mortgage contingency clause where you have until a certain date that we choose to have a “mortgage commitment”. You will have from the date of the fully executed contract to the mortgage commitment to select and sign a contract with a lender. You do not have to sign a contract with the lender that gave you the pre-approval. There is also a clause that if the mortgage rate goes over a certain percentage (we choose the percentage) that you can get out of the deal with your hand money.

If you have to sell your current home before you move in, there is a clause in the offer that we will fill out at this time.

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Step 7 - Day before Closing

By this time you should have all of your mortgage information finalized, property insurance ready to go, and utilities ready to be switched into your names. Your lender and I will receive what is called a “HUD-1” on this day. The HUD-1 shows all of the proceeds for each side, along with what is being paid and by home, tax prorations to the day.

Your lender and the title company will at this time let you know the amount, if any, that you will need to bring to closing. Typically you will have a cashier’s check for the amount made out to yourself for safety reasons.

We will also meet at the property to schedule what is called a “walk through”. This is where we walk through the property and look to make sure the property is the way we saw it when we put forth our offer. We will also make sure nothing is left behind that should not be and if something is supposed to be left behind that it is.

Step 8 - Day of Closing!

We will have closing at our office, this will be the first time you will see the sellers. You will sign all documents required by the title company and the lender. The seller will also sign some documents. You will receive the keys, garage door transmitters (if any) and that is when you officially take possession! Closings usually take between 45 minutes and an hour.

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Step 9 – Refer all Friends and Family to Brian Teyssier!

If you were pleased with my services, you should pass them on to people you love and care about. I treat every client like my own parents.

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