Why Us?
BUYERS
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Why Us?
BUYERS
Why The Jarboe Group?
protecting your interests
We are consultants, not salespeople. We are committed to helping you and are not attached to the outcome. Don't be surprised if we advise you not to purchase something or wait a little longer for the market to shift. We would rather turn you into a client for life than earn a commission.
integrity
We will always be upfront and honest with you even if it costs us a deal. We feel there are too many agents that are just in it for the money. We are committed to being an advocate for you and helping you make the best possible decision. When you hire The Jarboe Group you are hiring a team of individuals with integrity who are held to very high standards.
PASSION
Here at The Jarboe Group we love what we do. We are passionate about helping others reach their goals and dreams. We are not just agents that look at customers as a paycheck. When you simply come into the office and sit down with us, you will quickly see why so many buyers hire us to help them buy a home.
Buying Process & Terms
Buying Process & Terms
Buying Process & Terms
Buying Process & Terms
The Buyers Process
- Contact Us so we can schedule an in depth consultation. No matter if you are pre-qualified for a mortgage or not, we have your back every step of the way.
- We will conduct a thorough buyers consultation where some of the many topics discussed include; your financial situation, referrals to lenders/banks, wants vs needs analysis, a current market snapshot, and the buying process.
- Get your pre-qualification letter / proof of funds prepared.
- Video call to search for homes, and set up a very unique and specific algorithm search of the MLS of only homes that interest you (we will talk further about this later).
- Conduct drive by's of homes you are considering to make sure you like the area and the home in person.
- Let us know which homes you like so we can schedule in person viewings.
- View homes and rate them.
- Choose a home and put in an offer!
GLOSSARY OF TERMS
APPRAISAL
A 3rd party opinion of value by a certified appraiser to provide the bank with reassurance that they are not lending too much money on the house. This is required by all mortgage companies. This is typically paid by the Buyer and is approx $500-$1,000.
ASSOCIATION FEES
AKA HOA fees - are monthly fees charged by a homeowners association that are pooled and used to pay common area expenses in a condo development / private establishment.
BYLAWS
Rules set forth for a condo development to control the actions of its owners.
DEPOSITS
First deposit
Is made when writing the offer and is held by the listing agent's escrow account. This amount typically ranges from $1,000 - 10,000 and goes towards your downpayment.
Second deposit
Is made when you sign the purchase and sale agreement and is typically held by the Sellers attorney escrow. This amount typically ranges from 3%-5% of the purchase price and goes towards your downpayment.
DOWN PAYMENT
The total amount you are putting down on your loan.
LTV: (Loan to Value) A term that lenders use regarding the loan program you are applying for. Loan to value is the ratio of your loan amount vs your down payment. (Ex: a 95%LTV on a $100,000 house means you are financing $95,000 and your down payment is $5,000)
PITI: (Principal, Interest, Taxes, Insurance) A term that lenders use regarding the total payment you will be responsible for.
DTI: (Debt to Income Ratio) A term that lenders use regarding the your eligibility for a loan. (Ex: if you pay $1,500 a month for your mortgage and another $500 a month for an auto loan, your monthly debt payments are $2000. If your gross monthly income is $6000, then your debt-to-income ratio is 33 percent.)
PMI: (Private Mortgage Insurance) AKA Lenders mortgage insurance; typically when you put down less than 20% down payment the lender will require you to purchase PMI. PMI is not insurance for you, it is insurance for the lender in case you default on your loan. PMI is permanent on your loan unless you refinance after you have 80% equity in your home OR you financed via a conventional loan.
HOME INSPECTION
A thorough examination of a home's condition by a third party. Home inspections are usually conducted by a home inspector who has the training and has certifications to perform such inspections.
Home Owner's Insurance
Insurance that covers your home and belongings from damage, accidents, theft, etc. This is required in order to finance.
TITLE INSURANCE
A form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. Highly recommended, however, not required.
Buying a Home
Buying a Home
Buying a Home
Buying a Home
WORKING FOR YOU
CLOSING PROCESS
We will guide you step-by-step through the closing process and ensure that everything flows together smoothly.
CODE OF ETHICS
We subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying real estate.
NEGOTIATIONS
We are professional negotiatiors striving to keep the most money in each buyers pocket; the data proves that our team performs as we are consistently above the industry average. As your advocate, we will advise you and hep you make the best possible decision.
PROPERTY SELECTION
We will assist you with in conducting an in depth rigorous search and set up an advanced algorithm to ensure you have a competitive advantage over other buyers in the marketplace.
THOROUGH
Justin and the team are an extremely thorough bunch. So much so that they are often asked if they are themselves home inspectors. For the record...we are not.
Q + A
DO I PAY FOR MY REAL ESTATE AGENT'S FEES?
In the end, it is your responsibility as the Buyer to remit the commission to your Buyers Agent. Frequently, Sellers express a willingness to collaborate by providing compensation to Buyers agents to some extent. Should the Seller not cover the Buyer agent's entire commission (a rate mutually agreed upon between you and your agent, subject to negotiation), you, as the Buyer, will be accountable for covering any shortfall, if applicable. Please reach out to us to learn ways to reduce this liability.
SHOULD I BUY OR RENT?
Most of the time we recommend buying over renting, however, please check this great Buy v. Rent calculator. Real Estate properties are investments that can be sold at a later date and often at a considerable return. When renting, you are helping to pay off the Landlord's mortgage. [Scheduling a consultation][2] with us and request a net worth analysis can help with your decision.
WHAT CAN I AFFORD TO SPEND?
We will connect you with knowledgable Bankers & Mortgage Lenders who can walk you through the mortgage process, and start the pre-approval process.
WHAT ARE THE ADDITIONAL COSTS ASSOCIATED WITH BUYING?
After your initial deposit to hold the house, you will incur the cost of a home inspection (this is an opinion and non-refundable). Typical inspection costs range from $350-$1,500 depending on what needs to be inspected (general, water quality, radon, pest, etc.).
After the home inspection you will submit an additional down payment when you sign the Purchase & Sale agreement. Both the initial deposit and this one will go towards your full down payment.
Next you will pay for an appraisal (non-refundable opinion of value ordered by your banker/lender). The appraisal typical costs between $500-$1,000. There are other fees associated with the sale, however, they won't be billed at closing. All in, you should budget for $850-$2,500 in addition to your downpayment and closing costs.
Buying a Condo
Buying a Condo
Buying a Condo
Buying a Condo
Q + A
DO I PAY FOR MY REAL ESTATE AGENT'S FEES?
In the end, it is your responsibility as the Buyer to remit the commission to your Buyers Agent. Frequently, Sellers express a willingness to collaborate by providing compensation to Buyers agents to some extent. Should the Seller not cover the Buyer agent's entire commission (a rate mutually agreed upon between you and your agent, subject to negotiation), you, as the Buyer, will be accountable for covering any shortfall, if applicable. Please reach out to us to learn ways to reduce this liability.
SHOULD I BUY OR RENT?
Most of the time we recommend buying over renting, however, please check this great Buy v. Rent calculator. Real Estate properties are investments that can be sold at a later date and often at a considerable return. When renting you are helping to pay off the Landlord's mortgage. [Scheduling a consultation][2] with us and requesting a net worth analysis can help with your decision.
WHAT CAN I AFFORD TO SPEND?
We will connect you with knowledgable Bankers & Mortgage Lenders who can walk you through the mortgage process, and start the pre approval.
WHAT ARE THE ADDITIONAL COSTS ASSOCIATED WITH BUYING?
After your initial deposit to hold the house, you will incur the cost of a home inspection (this is an opinoin and non refundable). Typical inspection costs range from $350-$1,500 depending on what needs to be inspected (general, water quality, radon, pest, etc.).
After the home inspection you will submit an additional down payment when you sign the Purchase & Sale agreement. Both the initial deposit and this one will go towards your full down payment.
Next you will pay for an appraisal (non-refundable opinion of value ordered by your banker/lender). The appraisal typical costs between $500-$1,000. There are other fees associated with the sale however they won't be billed at closing. All in, you should budget for $850-$2,500 in addition to your downpayment and closing costs.
WORKING FOR YOU
CLOSING PROCESS
We will guide you step-by-step through the closing process and ensure that everything flows together smoothly.
CODE OF ETHICS
We subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying real estate.
NEGOTIATIONS
We are professional negotiatiors striving to keep the most money in each buyers pocket; the data proves that our team performs as we are consistently above the industry average. As your advocate, we will advise you and hep you make the best possible decision.
PROPERTY SELECTION
We will assist you with in conducting an in depth rigorous search and set up an advanced algorithm to ensure you have a competitive advantage over other buyers in the marketplace.
THOROUGH
Justin and the team are an extremely thorough bunch. So much so that they are often asked if they are themselves home inspectors. For the record...we are not.
THINGS TO CONSIDER WHEN BUYING A CONDO
- Review the association's financials including but not limited to: Profit and Loss statement, Balance Sheet, Budget, Last year's Budget vs actual spent. This will allow you to get a BIG picture into the financial solvency of the association.
- Review the association's meeting minutes: This will allow you to see if there are any ongoing issues that current unit owners are complaining about.
- Ask when the last time the association has an increase in their HOA dues. Is there a trend where the monthly association dues keep increasing every year?
- Do they allow pets? Are there restrictions?
- What is the owner occupancy to renter ratio: Condo associations with 51% or more of owner occupants are typically eligible for more favorable financing terms.
- Are there restrictions on renting my unit after I buy it?
- How many deeded parking spaces do I get? Is there visitor parking?
- What amenities come with my association? Do I have access to a pool, tennis court, gym, courtyard, meeting room, etc...
- What security is included? Are there cameras inside and out? How long are these recordings archived for before they are deleted?
Ready to Buy
Ready to Buy
Ready to Buy
Ready to Buy
Financing
Financing
Financing
Financing
Are you a buyer who isn't pre-qualified? Follow the link below.
Guarantee
Buyers Guarantee
Guarantee
Buyers Guarantee
Buyer's Guarantee*
- Because we pride ourselves on finding perfect homes for our buyers, we are pleased to offer our first ever Buyer's Guarantee!
- We GUARANTEE that you will be pleased with the next place you choose to call home. If for some reason you decide you made a big mistake and you don't like the home, and need to move within a year, we will sell it for FREE**.
*Excludes Investors
**Property must be approved for the guarantee by The Jarboe Group (TJG) prior to closing. The Seller to pay the Buyer agent commission. TJG also charges a $1,442 admin fee.
1st Time Home Buyer
1st Time Home Buyer
Welcome to our 1st time home buyer page. We are conducting 1st time home buyer seminars fairly regularly now. Although we have the best intentions of updating this information as much as possible, PLEASE contact us for the most up to date days and times. We would also love to hear from you if these days and times don’t work for you so we can consider new days and times. Please join us for this complementary First Time Home Buyer seminar where you'll get the basics of the home buying process from local experts - Realtors, a mortgage lender, and an attorney.
CURRENT OFFERINGS: