Coldwell Banker Hickok & Boardman
Michaela Quinlan | Jennifer Butler | Victoria Rose
346 Shelburne Road, Burlington, VT 05401
QuinlanVT.com | MQuinlan@hickokandboardman.com | 802-881-1170
“Office” Hours: M-F, 9-5pm and nights and weekends as needed - Email anytime!
Deposit: Generally about 2-3% of the purchase price; submitted once you come to terms with a Seller and have a signed contract; wire transfer (verbal instructions only) or personal/bank check; held at the Listing Firm; returned to Buyer at closing. Wire Transfer Fraud Disclosure
Inspection: within first week of going Under Contract; ~$500, Radon Test $150, Water Test $150-300
At Closing: Down Payment, Closing Costs (~3%), Utility Prorations; Oil, Water, Wood, HOA, Tax Prebate
Inspections: Buyer: Structural, Radon, Water, Lead; Seller: Heating, Chimney, Septic, Fire Safety
Financing: Buyer to have the “Clear to Close” from Lender by the Financing Contingency Date
Appraisal: Property to appraise at/ above purchase price, if lower, sellers generally reduce price to appraised value
Suitable Housing: “Contingent on Seller Finding Suitable Housing” aka “CUFSH”; Seller to find rental or purchase
MLS... Multiple Listing Service, a database that has all current and historical data on properties that have sold by a broker. Data used for Comparative Market Analysis or “CMA” by listing & buying agents as well as appraisers. Automated search will be set up and feed directly from the MLS.
PROPERTY STATUS
PENDING | UNDER CONTRACT: NA for purchase or showings, still note if there is interest
Backup Offer; in case current Buyer still has to satisfy inspection negotiations/contingencies.
ACTIVE UNDER CONTRACT “AUC” | CONTINGENT : Pending, however still being marketed, *may still allow showings*
QUINLANVT.com: Lots of resources, Lender, Attorney, Inspectors recommendations; Pre qual info
HickokandBoardman.com: Hickok & Boardman website, view upcoming Open Houses
Zillow.com: If you want to monitor FSBOs (For Sale By Owners) you can create your own search
Picket Fence Previews: For Sale by Owners - search doesn’t allow specific criteria, all of VT
Front Porch Forum: Buyer can log into desired neighborhood/areas and prospect (Realtor can not)
LOCATION: Check out the MAP, what does the commute time look like for Work, Family, Hobbies, Friends?
EMAIL US! Send Tori with MLS # or address, she will send MLS link to view property documents the listing agent has posted: SPIR, listers card, map, deed, septic/well info, HOA docs.
SPIR | Seller Property Information Report | Seller's Disclosure: This form is the seller’s opportunity to disclose anything about the property that a buyer should be aware of.
DRIVE BY: Test out commute, drive surrounding neighborhoods, view lot if you can without going into a driveway.
YARD SIGNS: Listing agents leave signs on a property until it closes.
INTERNET AVAILABILITY: Visit www.xfinity.com to see if the address has comcast services available. A few other options: Consolidated Communications, Green Mtn Access, Starlink
INSTRUCTIONS: MQ must make a request that needs to be approved by Seller/ Listing Agent.
IN HOUSE AUDIO RECORDING: Use caution when discussing pricing, offer scenarios while inside a listing.
PRE INSPECTIONS: Limited scope inspection available; helps when considering waiving inspection
READY TO START SEARCHING? 1. Catch up on active inventory, 2. Move quick on new inventory.
AGENT COVERAGE: Primarily Quinlan Group but H&B Agents may help as needed
A cooperation fee can be offered by the listing firm/seller If that offering credit less than our 3% fee, the difference can be negotiated into the offer price or can be paid for by the Buyer Client as part of the closing costs.
Our fee can be negotiated with the Seller as part of the offer price or paid at closing by our Buyer-Client.
Greater Chittenden County has seen low inventory for years with a very high demand, making it a Seller’s market!
With multiple offers Buyers are told to come in with their “highest and best” offer…
Items to consider: price, escalation clause, deposit amount, additional deposit, % of down payment, local lender, inspections, appraisal, # of contingencies, seller concession, closing date.