Real Estate Buyer Success Playbook

REAL ESTATE Buyer Success Playbook ISSUE N 20 | 202X Your Step-by-Step Guide to Finding and Securing Your Dream Home

01 TABLE OF CONTENTS OVERVIEW Say something 03 BUYER READY Say something 02 CONSULTATION Say something 04 UNDER CONTRACT Say something 05 CLOSING PREPARATION Say something 06 CLOSING Say something

07 POST CLOSING Say something 08 DISCLAIMER Say something 09 CONTACT US Say something ISSUE N 20 | 202X

PLAYBOOK OVERVIEW Buying a home is one of the most exciting and important decisions you'll ever make. At NovaKey Realty, we’ve created this Buyer Success Playbook to guide you through every step of the journey—from understanding the market to getting the keys to your new home. With expert advice, proven strategies, and insider tips, you’ll gain the confidence to make informed decisions and secure the perfect home with ease. Our approach is centered on you—your needs, your goals, and your vision for the perfect home. Whether you're a first-time buyer or looking to invest in your next property, we provide expert advice, market insights, and a seamless experience tailored to your journey. With the right strategies and support, your dream home is closer than you think. From modern city lofts to serene suburban retreats, NovaKey Realty specializes in finding homes that match your lifestyle, budget, and dreams.

CONSULTATION PHASE The journey to homeownership starts with a clear understanding of your goals, preferences, and financial readiness. In this phase, we take the time to get to know you—what you’re looking for in a home, your must-haves, and your deal-breakers. We’ll also review your budget, financing options, and the current market landscape to set realistic expectations. At NovaKey Realty, our priority is to provide personalized guidance and ensure you feel confident from day one. We’ll answer your questions, outline the home-buying process, and help you define a strategy that aligns with your needs. With the right foundation in place, we’ll move forward with a focused approach to finding your perfect home.

5 COMMON MORTGAGE TYPES Choosing the right mortgage is just as important as finding the perfect home. The type of loan you select will impact your monthly payments, interest rates, and long-term financial commitment. At NovaKey Realty, we believe in educating our buyers so they can make informed decisions that align with their goals. 1. Conventional Loan A standard mortgage not backed by the government, ideal for buyers with strong credit and a stable income. Offers flexible terms and competitive interest rates. 2. FHA Loan A government-backed loan by the Federal Housing Administration, designed for first-time buyers or those with lower credit scores. Requires a lower down payment and has more lenient qualification criteria. 3. VA Loan Available exclusively to eligible military service members, veterans, and their families. Backed by the Department of Veterans Affairs, this loan offers no down payment and competitive interest rates. 4. Jumbo Loan Designed for high-value properties exceeding conventional loan limits. Requires a strong credit profile and larger down payment but provides financing for luxury or high-cost homes. 5. Adjustable-Rate Mortgage (ARM) Features an interest rate that starts lower than a fixed-rate loan but adjusts periodically based on market conditions. Ideal for buyers planning a shorter stay in their home before refinancing or selling. Check Your Credit Score Early A higher credit score can secure better interest rates. Review your credit report and address any issues before applying for a loan.

HOME BUYING PROCESS Buying a home is an exciting journey, and understanding the steps can help you move forward with confidence. At NovaKey Realty, we simplify the process to ensure a smooth and stress-free experience. The process begins with an initial consultation where we discuss your needs, budget, and goals. Getting pre-approved for a mortgage early helps define your price range and strengthens your buying position. Consultation Post Closing Closing Prep Closing Day Under Contract Buyer Ready

VENDORS At NovaKey Realty, we partner with a network of trusted professionals to ensure a seamless home-buying experience. From financing to home maintenance, our recommended vendors provide top-quality service and expertise. Our preferred lenders help buyers navigate mortgage options with competitive rates and personalized guidance. Home inspectors conduct thorough evaluations to ensure your investment is secure, while title companies handle the legal aspects of ownership transfer with precision. We also work with skilled contractors, interior designers, and moving specialists to assist with everything from renovations to settling into your new home.At NovaKey Realty, we partner with a network of trusted professionals to ensure a seamless home-buying experience. From financing to home maintenance, our recommended vendors provide top-quality service and expertise. With NovaKey Realty’s vendor network, you’ll have reliable professionals by your side at every stage of the journey, making home buying as stress-free as possible.

BUYER READY PHASE Being fully prepared before starting your home search gives you a competitive edge in today’s market. At NovaKey Realty, we guide you through this crucial phase to ensure a smooth and confident buying experience. The process begins with financial readiness. Securing mortgage pre-approval establishes your budget and shows sellers you’re a serious buyer. We also help you understand all costs, including down payment, closing fees, and ongoing homeownership expenses. With a clear financial picture, you’ll be ready to make strong offers when the right home comes along. LOAN APPROVAL Securing loan approval is a key step in the home-buying process, ensuring you have the financial backing needed to purchase your dream home. At NovaKey Realty, we guide you through each stage to make financing as seamless as possible.

TAXES Property taxes are a key part of homeownership, affecting both your monthly mortgage payments and long-term costs. At NovaKey Realty, we ensure buyers understand their tax obligations to make informed decisions. Property taxes are calculated based on the assessed value of your home and the local tax rate set by the municipality. These funds support essential community services like schools, roads, emergency services, and infrastructure. Tax rates vary by location, so it’s important to research the specific rates in your target area before purchasing. BROKERAGE COMPENSATION Understanding how real estate brokerage compensation works is essential for buyers and sellers navigating the home-buying process. At NovaKey Realty, we believe in transparency, ensuring all parties are informed about commission structures and how they impact transactions. In most cases, real estate agents are compensated through commissions paid at closing. The seller typically covers the commission, which is then split between the listing agent and the buyer’s agent. This means that as a buyer, you generally do not pay your agent directly—your representation is covered within the sale price of the home. IMPORTANTE NOTE Real estate transactions involve multiple financial and legal considerations, and it’s essential to understand every aspect before making a commitment. At NovaKey Realty, we emphasize transparency and education to ensure you make informed decisions throughout the home-buying process.

UNDER CONTRACT PHASE Once your offer is accepted, you officially enter the Under Contract Phase, where key steps are taken to finalize the purchase. At NovaKey Realty, we ensure this process runs smoothly, keeping you informed at every stage. The step is to complete the home inspection. A inspector evaluates the property’s condition, identifying any necessary repairs or concerns. Depending on the findings, negotiations may take place to address repairs or adjust terms before moving forward.

ATTORNEY Having a real estate attorney can provide critical legal protection and guidance throughout the home-buying process. At NovaKey Realty, we encourage buyers to work with an attorney to ensure all contracts and documents are in their best interest. A real estate attorney reviews and explains the purchase agreement, making sure the terms are fair and legally sound. They also assist in negotiating contract details, addressing contingencies, and ensuring compliance with state and local laws. During the Under Contract Phase, the attorney helps conduct a title search to verify ownership and resolve any potential legal issues before closing. PROPERTY INSPECTIONS A thorough property inspection is a crucial step in the home-buying process, ensuring you make an informed investment. At NovaKey Realty, we guide buyers through this phase, helping identify potential issues before closing. Once under contract, a licensed home inspector evaluates the property’s condition, examining structural components, electrical and plumbing systems, HVAC, roofing, and more. Their report highlights any concerns, from minor maintenance issues to major repairs that may affect the home’s value and safety. At NovaKey Realty, we connect buyers with trusted inspectors and ensure they understand their report, empowering them to make confident decisions about their new home. HOW TO FIND AN INSPECTOR Start by asking your real estate agent for referrals. We have a network of trusted inspectors with proven track records. You can also check online reviews and ratings to compare inspectors in your area. Look for professionals certified by reputable organizations like the American Society of Home Inspectors (ASHI) or the International Association of Certified Home Inspectors (InterNACHI).

WHY GET AN APPRAISAL? A home appraisal is a crucial step in the buying process, ensuring the property’s value aligns with the purchase price. At NovaKey Realty, we guide buyers through this process to protect their investment and secure financing. Lenders require an appraisal to confirm the home’s market value before approving a mortgage. A licensed appraiser evaluates the property’s size, condition, location, and comparable home sales in the area. This ensures the buyer isn’t overpaying and gives the lender confidence in the loan amount. If the appraisal comes in lower than the purchase price, buyers may need to renegotiate with the seller, cover the difference, or explore alternative financing options. A higher appraisal benefits buyers by confirming they are making a sound investment.

CLOSING PREPARATION PHASE As you approach the final steps of homeownership, the Closing Preparation Phase ensures everything is in order for a smooth transaction. At NovaKey Realty, we help buyers navigate this stage with confidence and clarity. During this phase, final loan approval is secured, ensuring all financial documents are complete and ready for closing. The lender will issue a Closing Disclosure, detailing your loan terms, monthly payments, and closing costs. Buyers should review this carefully and address any questions with their lender or real estate agent.

CLOSING PREPARATION TO-DO LIST Review Your Closing Disclosure Carefully check the loan terms, interest rate, monthly payments, and closing costs. Contact your lender with any questions. Secure Homeowners Insurance Obtain a policy that meets lender requirements and ensures your property is protected from day one. Confirm Title & Escrow Details Ensure the title search is complete and title insurance is in place to protect against future ownership disputes. Schedule a Final Walkthrough Inspect the home one last time to verify its condition, confirm repairs are completed, and ensure everything is as agreed upon. Transfer Utilities & Services Set up electricity, water, gas, internet, and any other essential services in your name before moving in. Prepare Your Funds for Closing Arrange for a wire transfer or cashier’s check to cover your down payment and closing costs as specified in your Closing Disclosure.

CLOSING FAQ What happens on closing day? On closing day, you’ll review and sign all necessary documents, including the final loan agreement and property transfer papers. Once payments are processed and ownership is recorded, you’ll receive the keys to your new home. How much are closing costs? Closing costs typically range from 2% to 5% of the home’s purchase price. These may include loan fees, title insurance, property taxes, and other administrative costs. Your Closing Disclosure will provide a detailed breakdown. When do I get the keys to my new home? In most cases, you receive the keys immediately after closing once all paperwork is finalized and funds are transferred. However, some contracts may have a delayed possession date, so check your agreement. Can anything go wrong before closing? While rare, delays can happen due to financing issues, title concerns, or last-minute contract disputes. Staying in close communication with your lender, agent, and title company can help prevent unexpected surprises.

Video POST-CLOSING PHASE Congratulations! While closing marks the official transfer of ownership, a few important steps remain to ensure a smooth transition into your new home. Store all closing documents, including your Closing Disclosure, title insurance policy, and loan agreement, in a safe place for future reference. Next, confirm that utilities are set up in your name and update your address with banks, employers, and subscription services.

SAFETY Change the Locks & Security Codes Replace all exterior locks and update keypad codes for doors, garage, security systems to ensure no previous owners or contractors have access. Secure Windows & Doors Check all window and door locks, reinforce entry points if needed, and consider installing smart locks or a video doorbell for added security. Set Up a Security System If your home doesn’t already have one, install a security system with cameras, motion sensors, and alarm monitoring for 24/7 protection. Check Smoke & Carbon Monoxide Detectors Ensure all alarms are working properly, replace batteries, and install additional detectors if necessary to maximize safety. Update Your Address & Documents Notify your bank, employer, insurance providers, and DMV of your new address to avoid identity theft and ensure important mail reaches you.

DISCLAIMER The information provided by NovaKey Realty on this platform is for general informational purposes only. While we strive for accuracy, we make no representations or warranties about the completeness, reliability, or suitability of this information. Any reliance on this material is at your own risk. WEBSITE DISCLAIMER All content on this website is provided “as is” and may be subject to change without notice. NovaKey Realty does not guarantee the accuracy, reliability, or availability of any information presented. We are not liable for any losses or damages arising from the use of this website. Professional advice should always be sought before making real estate decisions. EXTERNAL LINKS DISCLAIMER Our website may contain links to third-party websites for additional resources and convenience. NovaKey Realty does not endorse, control, or assume responsibility for the content, policies, or practices of any external websites. Visiting linked sites is at your own discretion and risk.

CONTACT US At NovaKey Realty, we are committed to guiding you every step of the way—whether you’re buying, selling, or building your real estate career. With expert support, cutting-edge resources, and a client-first approach, we ensure a seamless and successful experience. Your goals are our priority, and we look forward to helping you achieve them. Let’s make your next move the best one yet! NovaKey Realty 1234 Summit Avenue, Suite 500 Rivertown, NY 10501 Phone: (555) 987-6543 Email: contact@novakeyrealty.com Website: www.novakeyrealty.com