Buyer Package-The Zehm Team

Buyer Resource Package

Purchasing Your Home with the Zehm Team

Table of Contents

The Zehm Team Difference .....................................................................................3

By The Numbers ...............................................................................................4

Our Services for Buyers ....................................................................................5

Our Process for Buyers ...........................................................................................7

Your Homebuying Team ..........................................................................................9

Mortgage Information ............................................................................................10

Types of Loans ..................................................................................................11

Your Mortgage Payment ...................................................................................12

Payment Estimator ...........................................................................................13

Escrow....................................................................................................................14

Title ........................................................................................................................15

Transaction Expenses for Buyers ............................................................................16

What Happens Once Your Make an Offer ................................................................17

Pending to Closing Flowchart ............................................................................18

Frequently Asked Questions ...................................................................................19

What to Ask Other Agents ................................................................................20

Testimonials ...........................................................................................................21

Direct: 206-999-3724 I OfÏce: 425-483-5100 I aaronandkaren@windermere.com I www.thezehmteam.com

Open and honest communication, a tireless dedication to fulfilling the needs of their clients and a commitment to educating

their clients about the real estate process that describes the foundation upon which Aaron and Karen have built their successful

real estate business that has flourished since 1999.

Both Karen and Aaron are Washington natives and are not only familiar with why people want to live in the Pacific Northwest,

but also why many of those who leave, eventually return.

The Zehm Team Difference

Areas of Expertise

The Zehms work Seattle, the Eastside and Snohomish County, both condominium and residential markets. Aaron’s expertise

also includes the commercial market, working with clients looking for investment properties. “We know both the Seattle

and the Eastside markets and how each one ticks,” says Karen. In addition, both have taken staging training and investment

property analysis training. Aaron is e-Pro certified, a technical program that trains real estate agents to make the most of

technology and the internet to best serve and keep in communication with their clients.

Commitment to Action…and Community!

Karen and Aaron share a very active lifestyle and the discipline and commitment required to sustain this lifestyle has them

well-prepared for the rigors of real estate. Aaron had a previous career as a personal trainer and his other fitness interests

include weight lifting, Cross Fit and martial arts. Karen is an avid runner and has completed several marathons and Ultra

Runs. Karen is currently the President of the Bothell High School Volleyball Boosters Club. The Zehms are also active in their

commitment to enriching the community in which they live and work. Both Karen and Aaron also participate annually in the

Windermere Community Service Day in which agents in every community served by a Windermere ofÏce work on several

projects to improve their local neighborhoods.

The Aaron and Karen Zehm “Get it Done Right” Difference

Aaron and Karen Zehm put their hearts, combined brainpower and even elbow grease into finding best solutions for buyers

and sellers. When you work with the Zehms, you get two very experienced, different and complementary agents working

the solutions. Aaron is calm, a great listener, good with the details and market trends. Karen is more outgoing, equally

knowledgeable, patient and an awesome contract writer.

“We strongly believe in educating our clients on the real estate process and how the market works,” says

Aaron. “At the same time, we listen carefully to what our clients want and don’t work on our own agenda.”

BUYERS

HELPED

COMMERCIAL LEASE

TRANSACTIONS

SELLERS

HELPED

INVETMENT PROPERTY

TRANSACTIONS

TOTAL

TRANSACTIONS

COMMERCIAL

TRANSACTIONS

160

35

374

39

214

25

By The Numbers

Awards

Certifications and Designations

Memberships

Community Support

Five-Star Award 2004-2009 and 2020

Staging Training through

Our Services for Buyers

Direct: 206-999-3724 I OfÏce: 425-483-5100 I aaronandkaren@windermere.com I www.thezehmteam.com

Home Search

We know the local markets and neighborhoods

inside and out and will use our skills to find

properties that suit your search parameters.

We will research existing neighborhoods and new

developments in areas you may be interested in.

We will focus in on the areas that have the greatest

possibilities for finding a home at the price you

want.

To save you time, we will organize, expedite, and

review the property documents. Homes that don’t

meet your specific needs are removed.

We will make appointments, preview homes, look

at properties with you, and help you determine

which homes best fit your needs.

We will supply information and make appointments

to see any property listed for sale. We will get

detailed information, or an appointment, no matter

what company the home is listed with.

Create an online account for you that allows us to

coordinate your home search allowing us to share

listings, save favorites, and make comments so we

are all on the same page.

Provide you with additional documents on any

available property you want to investigate further.

Represent you if you want to buy new construction

from a builder (let’s discuss the process for this).

We will communicate with you based on your

communication style and preferences.

Mortgage

If you are getÝng a mortgage and are in need of a

lender referral, we will provide you with references

who have done a great job for our buyer clients.

We will keep in touch with you and your lender on a

regular basis to ensure your loan is processing and

is on track.

We will communicate with the listing agent as

needed regarding the status of the loan.

When the appraisal is scheduled, we will assist as

needed.

Pending to Close

You will receive transactional excellence from

beginning to end.

We will make sure you receive the Seller Disclosure

statement and dive deeper into any questions or

concerns you may have.

We will make sure you receive your Title Report and

will review any questions or concerns you have.

We will coordinate the closing process with you,

the listing agent and escrow company.

When it is time to schedule the signing, we can

coordinate the location with you and the escrow

company or closing agent should you need.

Should you need a moving company, we can

provide references.

If you are buying and selling, we will lend a hand

in coordinating closings to correspond if possible.

We will coordinate the possession details and

timing, working with the listing agent and seller

on everything from keys to garage remotes and

instructions for any systems and appliances left

behind.

We will coordinate your final walk-through prior to

closing.

We will closely track all the details with all parties

with the goal of a “no surprises” closing.

Let you know when the property ownership change

has been recorded with the county and deliver the

keys to you.

If you are in need of an inspector referral, we will

provide you with local inspectors who have done a

great job for my buyer clients.

We will coordinate a professional home inspection

with the listing agent and inspector and will be on

hand to provide access and talk with the inspector.

When your inspector has provided their report, we

can review this with you and provide our feedback.

Based on any items and issues you would like to

work on with the seller, we will draft an inspection

response and negotiate work items with the listing

agent and the seller.

If needed, we will recommend contractors to

perform any negotiated or required repairs.

We’ll oversee the completion of all required repairs

on your behalf, if needed.

Inspection

Our Process for Buyers

Are you buying your first home? A condo? A recreational property? A waterfront home? An investment

property or second home? We have the expertise to get the job done!

We bring our own expertise to the table – expertise that will be put to work for you. Solving the numerous

challenges that can come up during the transaction is something we have become known for. Our unique

skillset as well as our ability to make your home-buying experience fun and memorable hopefully will make

us your go-to real estate consultants for life.

Here is a bit more about what you can expect when buying a home with us:

Direct: 206-999-3724 I OfÏce: 425-483-5100 I aaronandkaren@windermere.com I www.thezehmteam.com

Relocating to the Area?

We will help you every step of the way, showing you the

different neighborhoods and areas so you can get a feel for

your options. The Eastside has so many neat neighborhoods

and amenity-rich properties that it will be hard to choose!

Homebuying Needs

Do you need a single story home with a fenced yard? A

three or four bedroom home in a newer neighborhood? A

condo with a view? Whatever you are looking for, we will

strategize with you to find you the perfect home.

Mortgage Options

We have connections to great local mortgage lenders. It is

important to get pre-approved before we really begin our

home search, but with a great lender at your side, you will

know what to expect from the financial side.

Home Search

We will make a plan for seeing homes that meet your

criteria in a way that suits your schedule. We are both very

used to making a quick schedule adjustment when a great

property comes on the market!

Direct: 206-999-3724 I OfÏce: 425-483-5100 I aaronandkaren@windermere.com I www.thezehmteam.com

Research

As you find homes that may be a good fit, we will supply

you with additional information on each property as well as

anything you should be concerned about. Our goal is to find

you a great investment both for your pocketbook as well as

peace of mind.

Making an Offer

Once we find the home that is the right fit, we will work with

you on the offer by educating you on market conditions and

what is expected in our area. There are items besides price

that can be included in the offer such as closing date, down

payment, earnest money, and more.

Negotiations

If needed, we will negotiate on your behalf, pointing out

the strengths of your offer to the seller, working with you to

see where there is wiggle room, and approach negotiations

with a win-win atÝtude. We have your back!

Pending to Close

Once your offer is approved and contingencies met, we will

work with you on all the steps of the process between your

contract acceptance and closing. Rest assured that we are

both looking out for you every step of the way!

Inspection

The inspection is an important step in the buying process.

We have great inspectors we can refer you to and we will be

there during the inspection to note any red flags. You may

have an opportunity to work with the seller to get some of

the items corrected before closing.

When you are getÝng ready to buy a home, it is important to make sure you have the right people who can

get the job done ready, willing, and able to work seamlessly on your behalf. It isn’t enough to just have us

by your side and we look forward to helping you create your dream team!

LENDER

GetÝng pre-approved with a lender is one of the most important steps you can take to

make yourself buyer-ready. The lender you choose should have a reputation for being a

problem-solver and for getÝng the transaction to close.

APPRAISER

Although the appraiser will be assigned by the lender, doing a great job of choosing your

lender is a good indicator of the strength of the appraiser in terms of getÝng the job

done in a timely manner and utilizing great local data to make sure your investment is a

sound one.

INSPECTOR

You are able to choose the inspector who will be conducting the inspection on your

home. You want to find someone who is thorough, provides you with a written report

and photos, charges market rate, and who can be scheduled within a few days of your

offer.

ESCROW

Escrow makes sure that all the documentation is correct, timelines are met, and all the

details are adhered to in the transaction. They will also make sure all parties sign the

correct forms and that all monies are distributed correctly.

TITLE

Title will review the property history, verify legal description matches what is being sold,

make sure the seller has the right to sell the property, identify other possible lienholders,

identify easements, codes, covenants and restrictions, and more. You want to make sure

the title company has a reputation for identifying all potential problems.

While you can’t choose all of these team members, we will help you with referrals for the ones you can.

The more team members you can secure up front, the better. Often, once you make an offer, things can get

fast and furious in a hurry. During the transaction is not when you want to be checking online reviews of an

inspector and hoping for the best. Do your vetÝng up ahead of time and you will not be sorry!

Let us know if you would like to start building your team now and I will send you some referrals!

Your Homebuying Team

Direct: 206-999-3724 I OfÏce: 425-483-5100 I aaronandkaren@windermere.com I www.thezehmteam.com

Mortgage Information

Buyers can easily get overwhelmed by the options they are confronted with when it is time to apply for a

loan. Conventional? Government-backed? Fixed rate? Adjustable rate? Even within these categories there

can be several options.

Before you can determine which loan is right for you, you need to have an understanding of how each work

and the costs and benefits of each. Let’s start with definitions:

• FIXED RATE MORTGAGE: Fixed rate mortgages are exactly that – the mortgage rate remains fixed

for the life of the loan. Monthly payments are fixed (for the principal and interest – if property taxes

and homeowners insurance are paid as part of your payment, these are paid through an “escrow”

account which can fluctuate from year to year).

• ADJUSTABLE RATE MORTGAGE: These are also called ARMs. This type of loan has the potential

to have monthly payments that change since the interest rate can change. There is usually an initial

period of time where the interest rate does not adjust. This might be a 3-year, 5-year, or 7-year ARM.

How often the interest rate adjusts will also depend on the loan. Since interest rates do change over

time, the payment can either be higher or lower depending on the difference in the interest rate. For

example, if someone took out a loan now when interest rates were at record-low levels, it is unlikely

that interest rates will continue to be this low when the interest rate adjusts. Furthermore, ARMs

generally start out with a lower interest rate than a fixed rate loan.

It is important to know your future plans when determining the type of loan

which is ideal for you. For example, if you are planning on staying in your

home for only seven years, it might save you money to use an adjustable

rate mortgage with the expectation that you will be moving and taking out

a new loan before the interest rate is adjusted. However, what happens if

there is a health issue or something else which prohibits you from moving

in seven years? What if you cannot move into a fixed-rate mortgage? These

things must be taken into consideration when determining whether you

can afford your monthly payment – now and later.

In addition to the fixed rate mortgage and adjustable rate mortgages,

mortgages may also be either “conventional” (meaning funded by

the private sector – usually a bank) or a “government-backed” loan.

Government-backed loans are backed by the federal government, including

the Department of Veteran Affairs or the Department of Housing and Urban

Development. The government agency is “insuring” the loan, although the

funding may still be by a bank.

Direct: 206-999-3724 I OfÏce: 425-483-5100 I aaronandkaren@windermere.com I www.thezehmteam.com

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