The park will be developed in four phases.  At the end of phase 4 it will be a total of 50 acres of recreational are.  The park will be located to the west of Stuart Burns Elementary School.  All four phases is estimated to take 6-10 years to complete, however they plan to complete the first two phases by this fall.

The first phase was completed in 2006 when they received the 30 acres and the grant.

Phase 2 is to acquire the next 20 acres.  Construct an entrance and drainage.   All you dog lovers will be happy to know the second phase includes a dog park.  It will also include 2 baseball fields and a concession stand.  They will also complete half of the first parking lot.

Phase 3 has plans for a baseball field, football field (which will be shared with new middle school).  It calls for the completion of parking lot No. 1.  There will also be a soccer field and fountain playground.  They will begin walking trails and picnic areas and completion of half of parking lot No. 2.

Phase 4 includes additional walking trails, another playground, tennis courts, basketball courts, volleyball courts, the completion of parking lot No. 2 and constructing a trail head.

Monthly Expenses

HOME
(only fill in this section for expenses that will continue after purchasing next home)
examples: rental property or vacation home
Mortgage/Rent            ____________
Second Mortgage        ____________
Taxes & Insurance      ____________
Repairs                        ____________
Association Fees          ____________

UTILITIES
Electric                       ____________
Gas or Oil                   ____________
Water & Sewer          ____________
Phone (Landline)        ____________
Phone (Cellular)         ____________
Cable/Satellite           ____________
Internet                      ____________

TRANSPORTATION
Car Payment 1          ____________
Car Payment 2          ____________
Gas                            ____________
Car Insurance            ____________
Repairs/Maintenance ____________
Other Transportation ____________
(tolls, taxis, parking, subway, bus)

INSURANCE
Life Insurance            _____________
Disability                    _____________
Health Insurance        _____________

DEBT PAYMENTS
Credit Card 1              _____________
Credit Card 2              _____________
Credit Card 3               _____________
Student Loans             _____________
Other Loans                _____________

FOOD
Groceries                   _____________
Eating Out                 _____________

FAMILY EXPENSES
Day Care                    ______________
Child Support             ______________
Alimony                      ______________
School Tuition             ______________

PERSONAL CARE
Hair Cuts                    ______________
Prescription Meds.      ______________
Toiletries/Make Up      ______________
Clothing                       ____________

PETS
Food                               ______________
Care (vet, grooming, etc.) _____________

ENTERTAINMENT
Vacation                         _______________
Books & Magazines        _______________
Movies/Concerts             _______________
Hobbies                          _______________
Other:                            _______________

OTHER
Cleaning Supplies             _______________
Tithes/Donations               _______________

SAVINGS
(Money you take out of your income each month to contribute to separate account)
Stocks/Retirement              _______________
Savings Account                 _ _____________

TOTAL EXPENSES               ___________

Income
Salary                              _______________
Spouse Salary                  _______________
Child Support                  _______________
Alimony                           _______________
Disability                         _______________
Bonus                             _______________
Other                               _______________

TOTAL INCOME         ___________

_________________ — _________________ = ___________________ r>TOTAL INCOME — TOTAL EXPENSES = BUDGET FOR NEW HOME EXPENSES
(Mortgage, Taxes, Insurance, Maintenance, Association Fees)

This is the list I give my buyers to help them to make sure you get everything done the right way and in a timely manner.  Look over the 20 steps I have put together in this handy check list.

____1. Find the BUDGET WORKSHEET post. Gather your   financial records from the last year. Fill out the worksheet based on your records. Remember to always round up numbers. This is may be one of your most time consuming steps, but it is the most important for the long term peace in your new home. This is only for you to see.

____2. Go see a local lender to get pre-qualified. Bring your Budget Worksheet (as a reference for you) and verification of income and assets
* Earnings statements: W-2 forms, recent pay stubs and tax returns for the past two years;
* If you are self-employed: profit and loss statements and tax returns for current year and previous two years;
* Additional income: social security, overtime bonus, commission, interest income, veteran’s benefits and so on
* List of bank account numbers, the address of your bank branch, checking and savings account statements for the previous 2-3 months;
* List of savings bonds, stocks or investments and their approximate market values;
* Copies of titles to any motor vehicles that are paid in full.

____3. After receiving your pre-qualification letter from your lender, look at the Payment Chart in this packet. Find the interest rate your lender quoted. Scan to find the amount that fits into your budget and is under the amount you are pre-qualified for. This will be your top dollar when looking for your next home.
*****DO NOT OPEN ANY CREDIT ACCOUNTS UNTIL AFTER
CLOSING WITHOUT GETTING THE OKAY FROM YOUR
LENDER!!!

____4. Decide what you want your next home to be.
Fill in the blanks.
Price Range $___________-______

___bdrm

__baths

______sq ft range
within___miles to ___________

______acres

garage ___# stalls

Circle features you can’t live without. Check features that are desired.

vaulted ceilings          tray ceilings        hardwood floors                     crown moulding                      unfinished space            basement
rec room             media room                    office            mud room  large laundry room         kitchen with island        granite       pantry mstr on main floor           One level               split fl plan
formal dining room             outdoor living            paved driveway fenced yard                  large yard view         pool                          gated subdivision              community pool            playground waterfront
Write any other special stipulations here.

____5. Go over all of this with me (your Realtor). Let me find some homes that best fit your search criteria. Then out of the listings found, decide which ones you want to look at. I will set up appointments for us to see those ASAP.

____6. Decision time! Which home do you want to purchase? Let’s get together and write an offer. After we write it, I will go over it with my broker to double and triple check for any errors or omissions. Once we have cleared it, I will give you a copy and submit it to the
seller’s agent.

____7. Seller responds. If they counter, we will either accept, decline, or counter until an agreement has been made or we walk away to find another home.

____8. Copies of the contract are given to buyers, sellers, agents, and lenders.

____9. Set up all inspections to be done ASAP. Be present for inspections if at all possible.

____10. Review inspection reports and decide what you want the sellers to repair. Fill out a Repair Proposal and submit it to the sellers with a copy of the inspection reports. Sellers will have a chance to accept, decline, or counter as with the offer. Once agreement has been made everyone again receives copies. There will be a time limit for the repairs to be done. Once the repairs are complete we will go to the home to verify that they have been done as
agreed upon.

____11. Remove any other contingencies.

____12. Set up home owners insurance.

____13. Check in with lender frequently to see if there are any forms that they need from you and fill them out immediately.

____14. Decide who will provide title insurance. Call and set up a closing time. Give them a copy of the contract.

____16. CLOSING COSTS. On the day of closing, ask your lender for the exact amount of money that you need to bring to the closing table. Get a cashier’s check for that exact amount.

_____17. What to bring to closing… cashier’s check, photo identification, paperwork from insurance provider, lender’s contact information, and a copy of the contract.

____18. Show up on time to your closing office. Be prepared to sign lots of legal documents that are there to protect you.

____19. Collect all keys.

____20. Move in!

Listed here are nearly 200 typical actions, research steps, procedures, processes and review stages in a

successful residential real estate transaction that are normally provided by full service real estate

brokerages in return for their sales commission. Depending on the transaction, some may take minutes,

hours, or even days to complete, while some may not be needed.

More importantly, they reflect the level of skill, knowledge and attention to detail required in today’s real

estate transaction, underscoring the importance of having help and guidance from someone who fully

understands the process – a REALTOR®.

And never forget that REALTORS® are pledged to uphold the stringent, enforceable tenets of the

REALTOR® Code of Ethics in their professional dealings with the public. Not every real estate licensee

holds REALTOR® membership. Make sure yours does!  I personally am a member of the Greater Nashville Association of Realtors (GNAR).

This is a Very Long List of things we REALTORS do.   I got this list from the Orlando Regional Realtor® Association.

Pre-Listing Activities

1 Make appointment with seller for listing presentation

2 Send seller a written or e-mail confirmation of listing appointment and call to confirm

3 Review pre-appointment questions

4 Research all comparable currently listed properties

5 Research sales activity for past 18 months from MLS and public records databases

6 Research “Average Days on Market” for this property of this type, price range and location

7 Download and review property tax roll information

8 Prepare “Comparable Market Analysis” (CMA) to establish fair market value

9 Obtain copy of subdivision plat/complex lay-out

10 Research property’s ownership & deed type

11 Research property’s public record information for lot size & dimensions

12 Research and verify legal description

13 Research property’s land use coding and deed restrictions

14 Research property’s current use and zoning

15 Verify legal names of owner(s) in county’s public property records

16 Prepare listing presentation package with above materials

17 Perform exterior “Curb Appeal Assessment” of subject property

18 Compile and assemble formal file on property

19 Confirm current public schools and explain impact of schools on market value

20 Review listing appointment checklist to ensure all steps and actions have been completed

Listing Appointment Presentation

21 Give seller an overview of current market conditions and projections

22 Review agent’s and company’s credentials and accomplishments in the market

23 Present company’s profile and position or “niche” in the marketplace

24 Present CMA Results To Seller, including Comparables, Solds, Current Listings & Expireds

25 Offer pricing strategy based on professional judgment and interpretation of current market conditions

26 Discuss Goals With Seller To Market Effectively

27 Explain market power and benefits of Multiple Listing Service

28 Explain market power of web marketing, IDX and REALTOR.com

29 Explain the work the brokerage and agent do “behind the scenes” and agent’s availability on

weekends

30 Explain agent’s role in taking calls to screen for qualified buyers and protect seller from curiosity

seekers

31 Present and discuss strategic master marketing plan

32 Explain different agency relationships and determine seller’s preference

33 Review and explain all clauses in Listing Contract & Addendum and obtain seller’s signature

Once Property is Under Listing Agreement

34 Review current title information

35 Measure overall and heated square footage

36 Measure interior room sizes

37 Confirm lot size via owner’s copy of certified survey, if available

38 Note any and all unrecorded property lines, agreements, easements

39 Obtain house plans, if applicable and available

40 Review house plans and make copy

41 Order plat map for retention in property’s listing file

42 Prepare showing instructions for buyers’ agents and agree on showing time window with seller

43 Obtain current mortgage loan(s) information: companies and & loan account numbers

44 Verify current loan information with lender(s)

45 Check assumability of loan(s) and any special requirements

46 Discuss possible buyer financing alternatives and options with seller

47 Review current appraisal if available

48 Identify Home Owner Association manager if applicable

49 Verify Home Owner Association Fees with manager – mandatory or optional and current annual fee

50 Order copy of Homeowner Association bylaws, if applicable

51 Research electricity availability and supplier’s name and phone number

52 Calculate average utility usage from last 12 months of bills

53 Research and verify city sewer/septic tank system

54 Water System: Calculate average water fees or rates from last 12 months of bills )

55 Well Water: Confirm well status, depth and output from Well Report

56 Natural Gas: Research/verify availability and supplier’s name and phone number

57 Verify security system, current term of service and whether owned or leased

58 Verify if seller has transferable Termite Bond

59 Ascertain need for lead-based paint disclosure

60 Prepare detailed list of property amenities and assess market impact

61 Prepare detailed list of property’s “Inclusions & Conveyances with Sale“

62 Compile list of completed repairs and maintenance items

63 Send “Vacancy Checklist” to seller if property is vacant

64 Explain benefits of Home Owner Warranty to seller

65 Assist sellers with completion and submission of Home Owner Warranty Application

66 When received, place Home Owner Warranty in property file for conveyance at time of sale

67 Have extra key made for lockbox

68 Verify if property has rental units involved. And if so:

69 Make copies of all leases for retention in listing file

70 Verify all rents & deposits

71 Inform tenants of listing and discuss how showings will be handled

72 Arrange for installation of yard sign

73 Assist seller with completion of Seller’s Disclosure form

74 “New Listing Checklist” Completed

75 Review results of Curb Appeal Assessment with seller and provide suggestions to improve salability

76 Review results of Interior Décor Assessment and suggest changes to shorten time on market

77 Load listing into transaction management software program

Entering Property in Multiple Listing Service Database

78 Prepare MLS Profile Sheet — Agents is responsible for “quality control” and accuracy of listing data

79 Enter property data from Profile Sheet into MLS Listing Database

80 Proofread MLS database listing for accuracy – including proper placement in mapping function

81 Add property to company’s Active Listings list

82 Provide seller with signed copies of Listing Agreement and MLS Profile Sheet Data Form within 48

hours

83 Take additional photos for upload into MLS and use in flyers. Discuss efficacy of panoramic

photography

Marketing The Listing

84 Create print and Internet ads with seller’s input

85 Coordinate showings with owners, tenants, and other Realtors®. Return all calls – weekends

included

86 Install electronic lock box if authorized by owner. Program with agreed-upon showing time windows

87 Prepare mailing and contact list

88 Generate mail-merge letters to contact list

89 Order “Just Listed” labels & reports

90 Prepare flyers & feedback faxes

91 Review comparable MLS listings regularly to ensure property remains competitive in price, terms,

conditions and availability

92 Prepare property marketing brochure for seller’s review

93 Arrange for printing or copying of supply of marketing brochures or fliers

94 Place marketing brochures in all company agent mail boxes

95 Upload listing to company and agent Internet site, if applicable

96 Mail Out “Just Listed” notice to all neighborhood residents

97 Advise Network Referral Program of listing

98 Provide marketing data to buyers coming through international relocation networks

99 Provide marketing data to buyers coming from referral network

100 Provide “Special Feature” cards for marketing, if applicable

101 Submit ads to company’s participating Internet real estate sites

102 Price changes conveyed promptly to all Internet groups

103 Reprint/supply brochures promptly as needed

104 Loan information reviewed and updated in MLS as required

105 Feedback e-mails/faxes sent to buyers’ agents after showings

106 Review weekly Market Study

107 Discuss feedback from showing agents with seller to determine if changes will accelerate the sale

108 Place regular weekly update calls to seller to discuss marketing & pricing

109 Promptly enter price changes in MLS listing database

The Offer and Contract

109 Receive and review all Offer to Purchase contracts submitted by buyers or buyers’ agents.

110 Evaluate offer(s) and prepare a “net sheet” on each for the owner for comparison purposes

111 Counsel seller on offers. Explain merits and weakness of each component of each offer

112 Contact buyers’ agents to review buyer’s qualifications and discuss offer

113 Fax/deliver Seller’s Disclosure to buyer’s agent or buyer upon request and prior to offer if possible

114 Confirm buyer is pre-qualified by calling Loan Officer

115 Obtain pre-qualification letter on buyer from Loan Officer

116 Negotiate all offers on seller’s behalf, setting time limit for loan approval and closing date

117 Prepare and convey any counteroffers, acceptance or amendments to buyer’s agent

118 Fax copies of contract and all addendums to closing attorney or title company

119 When Offer to Purchase Contract is accepted and signed by seller, deliver to buyer’s agent

120 Record and promptly deposit buyer’s earnest money in escrow account.

121 Disseminate “Under-Contract Showing Restrictions” as seller requests

122 Deliver copies of fully signed Offer to Purchase contract to seller

123 Fax/deliver copies of Offer to Purchase contract to Selling Agent

133 Fax copies of Offer to Purchase contract to lender

124 Provide copies of signed Offer to Purchase contract for office file

125 Advise seller in handling additional offers to purchase submitted between contract and closing

126 Change status in MLS to “Sale Pending”

127 Update transaction management program to show “Sale Pending”

128 Review buyer’s credit report results — Advise seller of worst and best case scenarios

129 Provide credit report information to seller if property will be seller-financed

130 Assist buyer with obtaining financing, if applicable and follow-up as necessary

131 Coordinate with lender on Discount Points being locked in with dates

132 Deliver unrecorded property information to buyer

133 Order septic system inspection, if applicable

134 Receive and review septic system report and assess any possible impact on sale

135 Deliver copy of septic system inspection report lender & buyer

136 Deliver Well Flow Test Report copies to lender & buyer and property listing file

137 Verify termite inspection ordered

138 Verify mold inspection ordered, if required

Tracking the Loan Process

139 Confirm Verifications Of Deposit & Buyer’s Employment Have Been Returned

140 Follow Loan Processing Through To The Underwriter

141 Add lender and other vendors to transaction management program so agents, buyer and seller can

track progress of sale

142 Contact lender weekly to ensure processing is on track

143 Relay final approval of buyer’s loan application to seller

Home Inspection

144 Coordinate buyer’s professional home inspection with seller

145 Review home inspector’s report

146 Enter completion into transaction management tracking software program

147 Explain seller’s responsibilities with respect to loan limits and interpret any clauses in the contract

148 Ensure seller’s compliance with Home Inspection Clause requirements

149 Recommend or assist seller with identifying and negotiating with trustworthy contractors to perform

any required repairs

150 Negotiate payment and oversee completion of all required repairs on seller’s behalf, if needed

The Appraisal

151 Schedule Appraisal

154 Provide comparable sales used in market pricing to Appraiser

152 Follow-Up On Appraisal

151 Enter completion into transaction management program

153 Assist seller in questioning appraisal report if it seems too low

Closing Preparations and Duties

154 Contract Is Signed By All Parties

155 Coordinate closing process with buyer’s agent and lender

156 Update closing forms & files

157 Ensure all parties have all forms and information needed to close the sale

158 Select location where closing will be held

159 Confirm closing date and time and notify all parties

160 Assist in solving any title problems (boundary disputes, easements, etc) or in obtaining Death

Certificates

161 Work with buyer’s agent in scheduling and conducting buyer’s Final Walk-Thru prior to closing

172 Research all tax, HOA, utility and other applicable prorations

162 Request final closing figures from closing agent (attorney or title company)

163 Receive & carefully review closing figures to ensure accuracy of preparation

164 Forward verified closing figures to buyer’s agent

165 Request copy of closing documents from closing agent

166 Confirm buyer and buyer’s agent have received title insurance commitment

167 Provide “Home Owners Warranty” for availability at closing

168 Review all closing documents carefully for errors

169 Forward closing documents to absentee seller as requested

170 Review documents with closing agent (attorney)

171 Provide earnest money deposit check from escrow account to closing agent

173 Coordinate this closing with seller’s next purchase and resolve any timing problems

174 Have a “no surprises” closing so that seller receives a net proceeds check at closing

175 Refer sellers to one of the best agents at their destination, if applicable

176 Change MLS status to Sold. Enter sale date, price, selling broker and agent’s ID numbers, etc.

177 Close out listing in transaction management program

Follow Up After Closing

178 Answer questions about filing claims with Home Owner Warranty company if requested

179 Attempt to clarify and resolve any conflicts about repairs if buyer is not satisfied

180 Respond to any follow-on calls and provide any additional information required from office files.