Hello {[{ firstname }]}
One of the first things you need to do is get prequalified. Here are some of the benefits:
Goal: Amount I can comfortably afford and still meet my goals. NOT how much will the lender give me.
Loan Principle
+ Loan Interest
+ Private Mortgage Insurance (PMI)*
+ Property Tax
+ Hazard Insurance
+ Home Owner’s Association Dues
Monthly Payment
*PMI is typically required when putting less than 20% down. Your lender can help you understand these costs.
If you know your credit score than great it will help, otherwise, let the first lender you contact pull it so you can find out what it is. Once you know your score you can get other lenders to give you quotes much quicker. I’m less concerned about the number of lenders pulling my score than I am about the time it takes for me to stay on the phone while they pull it.
To get quick quotes from lenders you will need to know how much you want to put down. Lenders can help you determine this. If you don’t have a set amount ask them to quote you for a few different down payment amounts.
Jumbo Loan = Typically a loan of $417,000 or more. This will cost you more in rate or required down payment.
Trusted Lender - Find a lender you can trust. We have several great lenders in our Provider Marketplace or you can find many online. Check out their reviews. Rate and low fees. Often times you can save money using an online lender but many still prefer someone local.
What to say to prospective lenders: Lenders are like car salesmen. When you call to get a quote, some lenders will try to get you to go through the long application process so they get you invested in their process. Don’t let them. It’s not worth your time.
For example, if you know you want a conventional loan you can tell the lender:
Hi I’m looking for just a quick quote on a $400,000, 30-year mortgage. I have a 720-median credit score and I plan to put 3% down. Could you tell me:
Once you find the lender you like then have them prequalify you.
In order to be pre-qualified, you will typically need to provide the lender with the following:
With Turbo you can search for your next home on any site or by driving around. When agents list properties for sale in the MLS (Multiple Listing Service) they almost always will choose to allow it to be shared with 3rd party sites. This is how you can see pretty much any house for sale on your favorite site.
Call or text the seller - Once you find a house you want to see simply call or text the seller’s real estate agent or the seller directly to setup a time to tour the house.
Give seller time to get ready - You usually want to give at least a few hours or even a day’s notice when possible. Don’t be demanding. It’s not nice.
You can let the seller know that you are not using an agent and that you have a Turbo Homes attorney to help with contracts and the buying process. They should be more than happy to show you the property.
Example text to setup a time to tour a house:
Hi Mark (Seller’s name), I would like to view the house you have listed for sale at 555 S. Main St. in Chandler. Would today between 4-5pm or tomorrow between 2-4pm work? I am not using an agent so I would need a way to access the house. Thanks!
{[{fullname}]}
It is not just about price – Sellers want to know the deal will go through and on time. Here are some things that can entice them.
Price – Determine the value of the home based on market comparable properties.
Making an offer with Turbo is easy. Turbo will handle all the contracts and negotiations for you.
Step 1. Navigate to the Make an Offer Tool - The tool will take you step by step through creating the offer and send you the offer via email for final review
Step 2. Ask Questions - If you have questions about the offer or want to discuss it with a Turbo attorney then we are here. You can request help within the Make an Offer Tool or can just call us directly.
Step 3. Sign Electronically – Upon your final review of the offer you will be prompted to sign it electronically. This is every bit as valid as your actual signature but much more convenient.
Step 4. Negotiate and Send Offer Automatically to Seller – Upon your final review and signature of the offer it will be automatically sent to the seller. If desired, a Turbo attorney will call the seller to present and negotiate your offer.
If the seller replies with a counteroffer Turbo can help you understand the terms and will create the response on your behalf. It is easy when Turbo has your back.
We have some great title companies to choose from in the Provider Marketplace or you can pick your own. Select one that seems easy to work with and has a good reputation. Their fees tend to be very competitive but don’t be afraid to compare.
You can select any title agency you would like. It does not have to be the same agency that the seller uses but you and the seller can typically save some on fees if you both use the same agency.
The title agency provides:
As soon as you have an agreed upon contract to purchase the house you should open escrow at the title company of your choice. This means you submit to the title company:
Then the title company gets to work. There should be no upfront fees for this service. They are paid at closing.
Once your offer to buy is accepted then submit your final loan application right away and provide your lender a copy of your signed contract and addenda. If you were prequalified it will make this step much easier. They will walk you through the rest of the loan process.
The purchase contract also requires that you provide periodic updates on the loan to the seller. The Turbo automated reminders will help you stay on top of all the details.
Lenders require that a professional appraisal is performed on the property. If the appraisal is too low then it could reduce how much the lender is willing to lend against the property. If the appraisal comes in lower than the sales price, you and the seller will still need to abide by the purchase contract.
If your contract is contingent on an appraisal, one option you have is to withdraw your offer and have your earnest money deposit returned. The appraisal can save you from paying too much for the home.
Here are some additional options if you still want to buy the home, despite the low appraisal.
If you want to discuss your options Turbo is here to help.
Now that you are under contract to buy there are various deadline dates within the contract that you must adhere to. Turbo’s Contract Dashboard and Automated Reminders will help you know what to do at each stage.
Contract Dashboard – The dashboard is a great reference for you. It includes important things you need to do and what you should expect from the seller. You can check off the steps as you go.
Automated Reminders – We will send you automated emails to remind you of upcoming requirements.
Within a few days of going under contract the seller should typically provide you the Seller Property Disclosures. Review this closely. Ask to see receipts for repairs to the home. The purchase contract will indicate the deadline for challenging the seller’s disclosure report or for having your own inspections conducted.
Read the deed restrictions, also called CC&Rs (covenants, conditions and restrictions). You might find some of the CC&Rs are very strict, especially those addressing landscaping, RV parking, play equipment, satellite antennas, and other common amenities - particularly if the subdivision is governed by a homeowner’s association.
Most contracts will allow you a period of time (usually 10-14 days) to inspect the home and back out of the deal or request repairs if it is not to your satisfaction.
We always recommend you hire a professional to perform a home inspection and to consider additional inspections. Our favorite inspectors can be found in the Provider Marketplace. Common inspections include:
Here are some simple things you can do to make sure the house is in good shape.
If you have decided to get homeowner’s insurance you will want to set that up during the inspection period to ensure you can get insurance for a reasonable price. You can also then set it up so you have coverage on day one with your new house. Make sure you understand what your insurance covers and does not cover and any deductible requirements.
ALTA Statement - Typically, three days before closing the sale you should receive an ALTA Statement that lays out how all the monies will be dispersed. This will show you exactly what fees, expenses and incoming or outgoing funds are for or required of you. Review this in detail and don’t be afraid to ask questions.
If You Owe Money – Discuss with the Title Agency your options to pay. Typically, a wire to the Title Agency or a cashier’s check drawn on a local FDIC insured bank
The Closing Meeting and Settlement – This typically takes place at the title agency but can be done remotely with a notary. This is when you get to sign a lot of documents! The bulk of the papers are your loan documents if you’re getting a loan. The title agent will walk you through all the paperwork and help answer questions you may have. The same or another title agency will work with the seller as well to have their part of the documents signed and that monies are transferred.
If you are unsure about closing procedures, ask questions. The Title Agency is very helpful.
Once all the documents are signed the deal is still not done. You must wait until you receive confirmation of settlement or in other words that the funds have been exchanged. Then you will receive your keys!
On the ALTA Statement your closing costs will be detailed out for you. Review these and question any that seem strange. Here is a list of typical closing costs and what they are.
Once the seller has accepted your offer to buy their home then you are under contract. This is a legally binding contract. You need to be aware of important dates in the contract and take appropriate action. This table summarizes some of the key dates. Turbo will also send you reminders for these.
Get ReadyCongratulations!
You are on your way to saving lots of mullah.
You have signed up with Turbo
but now it's time to list your home for sale.
Your listing price should be justified by comparable properties. You want to price it competitively with similar homes currently for sale and, in a rising market, at or a little above the price of similar recently sold houses.
![]() |
Go to List Your Home > to provide some basic info. It just takes a few minutes. |
![]() |
Turbo will pull the rest of the info needed from country records and other public sources. |
![]() |
The required paperwork will then be sent to you for review and e-signature. |
Turbo attorneys handle the paperwork
and answer your questions. It's all included
We list your home for sale on all the leading real estate sites.
It’s up to you if you want us to list your home for sale on the MLS (Multiple Listing Service). It is all included in our price. However, we recommend that you have us list your home on the MLS because it still will get you much more exposure to your home.
Here are some of the pros and cons of using the MLS.
(+) A lot more exposure to potential buyers
(-) You will likely pay a buyer’s agent a commission
(+) Less likely to have to pay thousands to a buyer’s agent
(-) Much less exposure to potential buyers
Already listed? Add MLS >
Potential buyers share your photos with friends and family.
Let's make them look greate.
Once you sign up to list your home with Turbo a professional photographer will schedule an appointment with you.
Prepare your home for the photos. Clean, declutter...follow the same recommendations as House Staging >
The basics. As soon as you signup to list:
You get a site dedicated to showcasing your house.
When you receive offers everything is time sensitive.
Forward offers to offers@turbohomes.com.
Turbo attorneys will discuss the offer with you and negotiate for you. It's all included!
Confirm earnest money is deposited into an escrow account. Your Title/Escrow Company can confirm this for you.
Earnest money makes sure that the buyer has skin in the game.
As soon as you have a signed contract to buy your house you need to provide the buyer a form in which you disclose any known issues with the home. Turbo provides the form and can help answer questions.
After you get a signed contract the deal is not done. The contract can allow for several contingencies. Here are some of the big ones. Turbo attorneys can help you understand those that apply to you.
Be ready to allow buyers the ability to do contractually allowed due diligence. This typically includes:
Buyers have most of the due diligence but sellers still have some important things to do:
It's not fun but it feels good when it's done.
Earnest money makes sure that the buyer has skin in the game.
The escrow company will provide you a ALTA Statement before you sign the final closing documents.
Don't forget to schedule time with the escrow company to sign the many papers. They can help you understand the paperwork but Turbo is here to help also.
ALTA Statement
Report that shows where all expenses and money distribution
When you sign papers the sale is not complet.
You must wait until the sale funds.
The escrow company will let you know when it's done.
Need to update your home listing or have a question about your listing? Fill out the applicable details below and we will quickly respond.
We received your update request.
A turbo attorney will be contacting you shortly for your change requests.
Property: {[{ success.address }]}
Changes to be made:
Price: {[{ success.price }]}
Other Changes: {[{ success.other }]}
Congratulations on getting an offer! Now it is time to evaluate the offer and decide whether to accept, reject or counteroffer.
Typically you will receive the offer in an email. Here is what to do:
Once you have accepted an offer to buy your home then you under contract. This is a legally binding document. You need to be aware of important dates in the contract and take appropriate action. This table summarizes some of the key dates. Turbo will also send automated reminders for these.
Get Ready
Property Details |
|
---|---|
Finished Sq Ft | |
Bedrooms | |
Bathrooms | |
Year Built | |
Lot Size SqFt | |
Last Sold Date | |
Last Sold Price | |
Tax Assessment Year | |
Tax Assessment |
Zestimate Valuation |
||
---|---|---|
Low | Zestimate | High |
Last Updated: {[{ $variable.property_details.zestimate['last-updated'] }]}
Valuation Estimate Based on $/SqFt |
||
---|---|---|
Low | Average | High |
Calculation based on comparable properties
# | Comp Score | Street Address | SqFt | Bedroom | Bathroom | No. Of Rooms | Year Built | Lot Size | Last Sold Date | Last Sold Price | $/SqFt |
---|---|---|---|---|---|---|---|---|---|---|---|
{[{ $index + 1 }]} |
You can access the Turbo Hub at any time by logging in. The Hub walks you through the buying and selling process and provides the other resources you will need. It’s designed so you can easily access the most important information, even the information you didn’t know you needed. Just click on the Buyer or Seller Menu tabs to access the tools. It includes:
Take a look around.