The Real Estate Process

Devil is in the Details in Real Estate
Who Pays the Commission?
Seller Disclosure
Market Value vs. Appraised Value
Insurance
Credit Scores
Home Loan Application
Home Loan Process
Offer Negotiation
Finances During Escrow
Utilities
Downpayments
Angie Peterson, mortgage lender with Northwest Bank, and Kirk talk about the role of the downpayment in purchasing a home. There are many options available and it's not always necessary to have 20% down.
Pre-Qualification
Kirk and Angie Peterson with Northwest Bank speak about the process of getting pre-qualified for a loan. At the same time you're looking for the home of your dreams it is also necessary to work with a lender on getting qualified for a mortgage.
Private Mortgage Insurance
Sheila Zollman with Central Bank Mortgage in Okoboji talks with Kirk about the role that private mortgage insurance (PMI) pays in securing a mortgage.
Lender Closing Costs
Angie Peterson, VP, Residential Real Estate with Northwest Bank, talks with Kirk about the closing costs that can be expected when getting a loan to purchase real estate.
Seller Closing Statement
Kirk reviews the items that will be on the Closing Statement that the Seller receives.
Buyer Closing Statement
Kirk Stauss talks about the items that will appear on the Closing Statement that the Buyer receives.
Final Walk Through
Kirk Stauss talks about the importance of doing a final walk-through of the home before finalizing the purchase.
Property Disclosure Form
Kirk Stauss explains the importance of the Property Disclosure form in a real estate transaction.
Earnest Money
Kirk Stauss explains the concept of Earnest Money and the role these funds play in the real estate transaction.
Presence at Closing Process
Did you know it is possible to close on a property using the mail and electronic signing?
Financing Contingency
Kirk and Sheila Zollman from Central Bank talk about the Financing Contingency and the role is plays in purchasing a home.
Sale of Current Home
Kirk explains how a Contingency can be used when you'd like to purchase a new home, but need to sell your current home first.
Contingences
Broker Kirk Stauss explains the use of Contingencies when making an Offer on real estate.
The Offer
Making an Offer can often be a daunting prospect. However, it is the necessary first step to getting the home of your dreams. Let Brokers Mark Leiss and Kirk Stauss explain more.
Deed
Attorney Barry Sackett gives us an overview of the role that the Deed has in the transfer of real estate. This document has an important, although short-lived, job.
Title Opinions
Kirk Stauss and Attorney Lonnie Saunders speak about how the Title Opinion done by a licensed Attorney helps ensure the passage of good title in Iowa real estate transactions.
Abstracts
Kirk Stauss and Dallas Brown of Cornell Abstract give an overview of the role that an Abstract plays in the real estate process.