David Stoltzman, Realtor®
Through real estate, I will create a platform so massive and so impactful, I can give back to everyone who believed in me; directly supported me; and most importantly -- invest in individuals, neighborhoods, institutions and causes that desperately need and angel.
Buying A Home in Texas
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Get pre-approval Letter from LOCAL LENDER (my local lenders are below)
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Find a home you love!
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Discuss offering strategy
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Submit offer by certain date
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Listing Agent will go over all offers
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Negotiations may happen
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You’re notified your contract has been accepted, contract executed
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Deliver option fee & Earnest Money to the Title office
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Option Fee check delivered before 5:00pm on the 3rd day of Option Period
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Applied to purchase of house
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Made out to Seller
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Earnest Money check to Title company before 5:00pm on the 3rd day of Option Period (depending on holidays)
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Entitled to receive Earnest Money refund as long as terminated for allowable reasons
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Made out to Title Company (they will tender—cash—the check)
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You may use electronic forms of payment!
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ZOCCAM for Earnest Money (Ask Title about ZOCCAM)
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Venmo or Zelle for Option Money (send to Seller's handle; screenshot receipt)
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Once we have executed the contract, agent (David) sends buyer a “Buyer’s Checklist” + "Critical Dates"
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Buyer schedules home inspection
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4 preferred inspectors on our list
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Can do Wood Destroying Insects (WDI) Test if you want... (get the test if home is 10+ years old)
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Buyer attends inspection if they can make it; inspector gives summary
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Recap inspection
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Perfect homes have at least 18-page report, and will have code violations -- DON'T PANIC
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We're looking for material defects (Roof, Foundation, Plumbing, Electric, HVAC, Safety, Destruction, Mold)
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Buyers then tell Realtor (David) what they want repaired or how much money they want Seller to give them for the repairs
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Approach Seller with repairs
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Once repairs agreed upon, home goes to “Pending”
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Only thing left for Buyer is to comply with Lender requirements
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Financial papers
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It’s federal law to resubmit papers lots of times
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DO NOT finance any big purchases until AFTER closing (cars, boats, furniture, etc.)
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Get Title Commitment
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States what the Title Company is going to do in transaction, what liens are on the property, and what the Title Policy covers
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We will see what the title comes back with
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Buyer must read Commitment carefully
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HOA Bi-laws (if applicable)
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Buyer must review and see what’s acceptable to them
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Must receive every document in Bi-Laws!!
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HOA Insurance Rider
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Buyer must review and see what’s acceptable to them
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HOA Budgets
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Agent (David) gives courtesy look at budgets and see if HOA is underwater
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Buyer also checks HOA budget – see if HOA is organized
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HOA addendum
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Can terminate contract within 3 days after receiving HOA Docs!!!
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Entitled to refund of Earnest Money
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Schedule closing time and pick home warranty company/package
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Title companies suggest you close before 2:00pm so you can fund in the same day you close
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Final Walk-thru 24-72 hours before closing
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Go to close, sign papers, get keys!!!
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You own the home when your loan funds (if getting mortgage on property)
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Submit a testimonial for David -- It helps me get better/grow my business :)
Buyer's Guide to a Smooth Transaction
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Use a local mortgage lender
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Get "pre-approved" -- or even better -- have your lender get you "pre-underwritten"
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Be prepared to move quickly to see homes you like, and to make a speedy decision at each one! We're not shopping. Once you have seen a home, please inform David of your decision ASAP. He will be on standby if he feels that you may want to make an offer on a home. We don’t want to miss any deadlines to submit offers and will want to submit as quickly as possible!
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Can you pay cash and refinance later? Depending on the market, do it!
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Consider paying the title policy
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Consider waiving home warranty
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Consider having a short option period with a higher option fee; or no option period
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Consider raising earnest money deposit
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Consider closing at the listing agents preferred title company
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Consider waiving right to terminate due to appraisal; or if appraisal is over a certain amount
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We will need to respond to negotiations promptly. During this process be prepared to answer any phone calls, texts, or emails from me ASAP. If I am calling you during this time it is not to talk about the Dallas Cowboys (Lord, help them...)
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Be prepared to make a 30 second to 1 minute video explaining why you love the house that you are making an offer on. We will submit this with your offer
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Be prepared to get an option fee and earnest fee to my office within 24 hours of executing a contract
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Yes!!! We are contracted!! What do we do next?? Once we get executed you will be receiving a new checklist with action items from us
My Preferred Local Lenders
CrossCountry Mortgage
550 Reserve Street, Suite 190 & 250, Office 24
Southlake, TX 76092
c: 817-754-1498
First United Mortgage
1235 S Main St #100
Grapevine, TX 76051
c: 972-523-1055
Devin Bullard
HECM & HECM for Purchase Specialist
Roundpoint Mortgage Servicing
17300 Preston Rd, Dallas, TX 75252
c: 530-567-1319



Preferred Insurance Agent
Home, Auto, Business Insurance
Farmers Insurance
318 N Main St
Grapevine, TX 76051
c: 817-688-1709

Service Providers
Home Inspectors
Prospect Inspection (Lee Warren): 469-682-0341
Texas Resolute Inspections (Larry Brock): 817-962-9399
Pillar to Post Inspectors (Ken Duggan): 214-399-5862
Pest Control
Arrow Pest Control (Termites & Wood Destroying Insects
888-462-7769
Foundation
Doug Rushing
MBR Foundation
214-455-4076
Roofing
Luke Anderson
Colt Construction & Roofing
817-789-7588
Bryce Buford
Buford Roofing & Construction
817-404-9071
Pools
Scooter Shaffer
Knock Out Pools
817-458-1292
HVAC
Mark Garcia
North Texas A/C
682-564-5378
Alex Wright
JW Mechanical Systems
817-771-1452
Plumbing
Mark Ondres
Schrader Plumbing
817-262-0989
Les Wells (Dallas Area)
Moonlight Plumbing
972-822-0270
Interior/Exterior Work
Ashlee Kratohvil
Complete Exterior Solution
214-735-1363
Omar Hernandez
B&B Remodeling
214-288-9381
Handyman
Carlos Diosdado
940-273-2855
Patrick Price
justaguyandatruck.com
682-319-9519
Electrician
Mike Love
214-524-1243
