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Your Guide to

HOME OWNERSHIP

By: Proven Realty brokered by eXP

EXPERIENCE | SERVICE | RESULTS

Dear

Mr and Mrs Template

We're thrilled to have you join us on your home-buying journey! At Proven Realty, we're committed to providing you with personalized and exceptional experience.

As you embark on this exciting adventure, we're here to guide you every step of the way. Our team of real estate professionals is dedicated to understanding your unique needs & preferences, ensuring that we find the perfect property which exceeds your expectations.

Throughout the process, we'll leverage our deep knowledge of the local market and advanced technology to identify properties that align with your vision. From initial consultations to closing day, we'll be there to offer support, answer your questions, negotiate on your behalf .Our goal is to make the home-buying process as seamless and stress-free as possible. We're confident that together, we'll find the perfect place to call home.

Welcome aboard! The Proven Realty ND Team

Sincerely,

Erik Peterson

Meet

Erik Peterson

Broker, MBA
(701) 369-3949
Erik Peterson is the founder of Proven Realty and brings extensive experience to the market. Erik was born and raised in Missoula, MT and grew up in a real estate family, where both of us his parents had real estate licenses. Over the past six years, Erik has assisted property owners and tenants with all their real estate needs in North Dakota; He has sold and leased commercial and industrial properties, ran successful marketing campaigns, been very involved in residential and workforce housing, business consulting, business sales and property management. In addition, Erik has helped Bakken companies create long term business relationships and develop real estate properties. He has previously held ownership interests in businesses in the Bakken which specialized in gravel transportation, potable water & septic hauling, porta-potties and real estate development.
 
Erik has negotiated on over $400 million worth of real estate in the Bakken. These various projects include industrial shops, retail, office, residential, mancamps, and development projects. He also has worked closely with planning & zoning departments, engineers, architects, contractors, and developers.
 
Previously, Erik was President of Peterson Financial and spent 13 years helping investors reach their personal and financial goals. He held several investment licenses, each with a different specialty. He managed over 400 accounts in 7 states. In addition to his investment management expertise, he has consulted for several corporations to assist them to market, plan, and finance their businesses. This vast financial experience has given Erik a broad and diverse understanding of both corporate finance and business efficiency. 
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Erik has 4 adult children and when he is not working tirelessly to assist clients to find property; he likes to hunt, fish, travel, and compete in Spartan Races.
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Proven Realty Track Record

Experience

Since its inception, Proven Realty has leveraged extensive knowledge and market expertise to help clients make informed decisions. Our team’s years of experience in real estate ensure that we guide you with confidence and skill through every step of your journey.

Service

At Proven Realty, client satisfaction is our top priority. We pride ourselves on offering personalized, solution-oriented services that cater to the unique needs of each client. From start to finish, we are dedicated to providing exceptional service that makes your real estate experience as smooth as possible.

Results

Our proven track record speaks for itself. With a focus on delivering tangible results, Proven Realty has been recognized with the Best of Williston Awards for four consecutive years. Whether you're buying, selling, or investing, we are committed to helping you achieve your real estate goals.

The Home Buyer Roadmap

1

Meet with a Real Estate Professional

We’ll sit down together and help you determine your needs wants and goals while offering my personal industry expertise and strategies for bringing your vision to life.
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2

Choose a Loan Officer & Get Your Mortgage
Pre-Approval Letter

One of the very first steps of purchasing a home or investment property includes meeting with a trusted Mortgage Broker or Bank and obtaining a pre-approval. Having a pre-approval will give you a good idea of what your monthly obligation would look like. Proven Realty has recommended and trusted Mortgage Specialists' list for you. 
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3

Home Search

The fun part! Your agent will schedule showings and help you find the perfect home. Our website, www.ProvenRealtyNDSearch.com, is user-friendly and updates listings by the minute. Accessible on all devices, it ensures you see every home that meets your criteria, generating over 150+ buyer leads monthly.
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4

Make an Offer

Your agent will prepare the offer based on the price and terms you choose.
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5

Negotiations & Contract

It may take a few tries to get it just right, but hang in there! You're on your way. In most cases, the contract provides you with a timeline to obtain financing, as well as time to inspect the physical condition of the home. Your real estate professional will inform you of all of your rights and responsibilities related to the contract. 
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6

In Escrow

You and the seller have agreed to the price and terms. The home is officially held in escrow until closing.
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7

Final Details & Preparing for Closing

Perform due diligence, conduct an appraisal, get inspections, and review terms with the lender. You will be finalizing your loan, reviewing documents, and discussing the findings from inspection. Your agent will be managing this entire process for you. 
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8

Closing

Congratulations! This is the transfer of funds and ownership. A title company or an attorney typically acts as an independent third party to facilitate the closing. 
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Unique Value for You

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Professional Network to help your purchase go smoothly

Professional Network

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Market insights as a result of our recent sales in your area

My Recent Sales in the Williston, ND area!

Market data as of:
The Market Action Index (MAI) is a literal temperature gauge that shows whether the market favors buyers or sellers.
An MAI of 30 is typically balanced; over 30 is a seller's market, under 30 is a buyer's market.

Buyer markets

Buyers get better deals and more choices when MAI is low.

Seller markets

Sellers can list for higher prices and quicker sales when MAI is high
Market data as of:

View current market trends

Scan the QR code to see the current Market Trends report
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Starting August 17th, 2024

It is required to complete and sign a written agreement before showing a home. This applies to buyers requiring the services of any licensed agent in the U.S. to visit a property.
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By Signing the Agreement to Partner with an Agent

Our agent is dedicated to you and committed to finding a home that meets your needs.
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With a Proven Track Record

We have the knowledge and experience to be the BEST asset in your real estate endeavors.

Signing a Buyers Broker Agreement or BBA

  • This is an agreement to engage with a professional real estate agent to consult, show homes, negotiate contracts, and advocate.
  • It will establish the length of the agreement
  • It shows the agent/broker's services and responsibilities
  • It explains the agreement's exclusivity between Broker and client, what fees are owed for services rendered, and how to terminate the agreement. It mentions additional fees if the buyer signs with more than one agent.
  • It provides a clear explanation of the various ways an agent can be compensated for their services to the Buyer.
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Exceptional reviews that reflect a pattern of excellence with my past clients.

Raving Reviews

It was a difficult transaction with several moving pieces and thank goodness we had Proven Reality on our side to guide us through. Erik and Cami are seasoned in their trade and it was a pleasure working with them. I highly recommend.
[Read More]
Proven Realty has effectively managed our properties for years. They quickly found tenants when needed and identified the right buyer when we decided to sell. Erik and Cami ensured a seamless closing process by covering all bases.
* [Read More]
Working with Courtney at Proven Realty was fantastic! She answered questions promptly, provided clear explanations, and kept us informed. Her professionalism, kindness, and local recommendations enhanced our experience. We're grateful to have found her.
* [Read More]
Amariah, you are amazing! This was my first home purchase, and now I have a slice of heaven in NE Montana. You went above and beyond, finding contractors and inspectors and coordinating everything while I was out of state. Thank you for the constant updates!
* [Read More]
Katrina Baker did an amazing job taking care of us! We moved long distance and she helped us sell our home in North Dakota, so that we could make it happen. Thank you Katrina!
[Read More]

* Review has been shortened using AI, click the review to read the full review.

Our Vision

At Proven Realty, our vision is to be the leading real estate company in North Dakota and Eastern Montana, known for our exceptional customer service, deep local expertise, and unwavering commitment to our clients. We believe that our impact extends beyond transactions; we are dedicated to changing the lives of our clients, as well as our agents and employees.

We operate with integrity, placing our clients at the heart of everything we do. Our team continuously enhances its expertise and fosters collaboration to deliver comprehensive, innovative real estate solutions. We also engage with the community, giving back through various initiatives to ensure a positive impact on society through our actions.


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105 More Ways

Agents Who Are Realtors ® Are Worth Every Penny Of Their Compensation.

Here’s a look at all the things – big and small – that a REALTOR ® may do to help clients when buying a home.

Counseling Session Activities

  • Prepare the buyer for executing a buyer representation agreement
  • Explain agency relationships to the buyer and get state required legal consentto represent, if needed
  • Inform the buyer of working relationship based on state law, the REALTORS®Code of Ethics, and the broker’s business policies

Building a Relationship

  • Learn the buyer’s wants and non-negotiable needs
  • Understand the buyer’s budget and what will be needed financially
  • Help the buyer understand what property their chosen budget will buy
  • Consider having the buyer fill out a homebuyer’s checklist
  • Assist the buyer in examining how much they can afford to spend
  • Provide quality lender resources
  • Partner with the buyer to locate suitable properties for consideration
  • Match the buyer’s needs with available property
  • Constantly re-evaluate buyer’s needs and refocus property showings to fit those needs
  • After ensuring the buyer understands what is done for them, how it is done,and the benefit to them, obtain signatures on the buyer representation agreement
  • Explain how compensation is paid, who pays it, and what the buyer’s optionsare for paying it

Educating the Buyer

  • Communicate the working relationship based on state law, the REALTORS®Code of Ethics, and the broker’s business policies
  • Explain Federal and State Fair Housing laws
  • Explain what to look for in applicable property disclosures
  • Reassure the buyer that their personal information will remain confidential
  • Inform the buyer that you will always disclose all known material defects
  • In accordance with state law, provide information on checking the sex-offenderregistry and crime statistics for the neighborhood
  • Discuss available resources that the buyer can check to learn more aboutprospective neighborhoods
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REALTORS® are members of the National Association of REALTORS®

Preparing the Buyer

  • Explain the timeline for house hunting, mortgage approval, and closing
  • Explain the local market and how it impacts the buyer
  • Show statistics on what percentage of list price sellers in the area are currentlyreceiving
  • Inform the buyer on what home features are popular
  • Identify current average days on market
  • Share the dangers of using the price per square foot to figure home values
  • Explain the concept of absorption rate and how it impacts the buying process
  • Indicate current listing months of market inventory
  • Share estimated potential out-of-pocket costs to complete the transaction
  • Assist the buyer in analyzing the loan estimates
  • Qualify the buyer for financial ability to purchase
  • Help the buyer account for the complete costs of homeownership
  • Prepare lender for listing agent calls
  • Assist in comparing different financing options
  • Help the buyer select for viewing only those homes that fit their needs
  • Proceed in showing homes that fit the buyer’s must-haves
  • Caution the buyer on posting information to social media
  • Review the sample sales contract so the buyer is prepared when it comes time to make an offer

Showing Properties

  • Schedule showings and provide access to all listed properties as soon as theybecome available in their local MLS broker marketplaces
  • Educate the buyer on the immediacy of new listings appearing in their localMLS broker marketplaces and the lag time for them to appear on somewebsites
  • Collaborate with the buyer on properties they may have learned about throughtheir sphere contacts
  • Research and assist on all unlisted properties the buyer wishes to see
  • Preview properties prior to showing if needed
  • Network with other agents to source properties not yet in their local MLSbroker marketplaces
  • Contact homeowners in focus areas to see if they are considering selling
  • Set up an automated email alert system through their local MLS brokermarketplaces that immediately notifies the buyer of properties that fit discussed requirements
  • Arrange a tour of areas, schools, and key points of interest
  • Provide resources containing neighborhood information on municipal services,schools, etc.
  • Inform the buyer of negative aspects like nearby venues or operations that may result in issues that could impact value
  • Check applicable zoning and building restrictions
  • Help the buyer decipher public property and tax information
  • Collect and share pertinent data on values, taxes, utility costs, etc.
  • Compare each property shown to the buyer’s wants and needs list and remindthem of what they were looking for
  • Help the buyer narrow the search until the buyer identifies top choices

Negotiating Offers

  • Assist the buyer in getting the best property at the best price
  • Suggest that the buyer learn more about the neighborhood prior to makingan offer
  • Prepare a comparative market analysis (CMA) in advance of making an offer
  • Prepare the buyer to have the most attractive offer in the current marketplace
  • Explain common contract contingencies and include approved protective clauses in the purchase offer
  • Ensure that the buyer receives and understands all state and federally-required disclosure forms
  • Prioritize contract negotiation goals with the buyer
  • Help create a negotiating strategy
  • Use strategies such as an escalation clause to maintain a competitive offer
  • Prepare the buyer for a multiple offer situation and develop negotiation strategies
  • Write an offer that has a reasonable chance of being accepted
  • Recommend optional contingencies and explain the pros and cons of using them
  • Provide information on purchasing incentives that may be available
  • Discuss financing alternatives
  • Negotiate the buyer’s offers to arrive at the best price and terms
  • Utilize hyperlocal expertise and strong communication skills to assist thebuyer in being the successful offer

Advocating for the Buyer and Facilitating the Close (Part 1/2)

  • Advocate for the buyer throughout the entire process
  • Encourage the buyer to fully investigate their options in terms of a home inspector, title company, appraiser, mortgage lender, and other services
  • Present a list of the types of required and optional inspections such as environmental, roofing, and mold
  • Review and discuss home inspection concerns
  • Negotiate repair requests from home inspection
  • Guide the buyer on meeting all contract deadlines
  • Assist in coordinating communications
  • Advise the buyer to review the settlement statement
  • Inform clients that they need to transfer utilities to the new residence
  • Schedule final walkthrough
  • Accompany the buyer on the walkthrough
  • Assist the buyer in questioning the appraisal report if it affects the financing
  • Confirm clear-to-close with the lender
  • Ensure all parties have all forms and information needed to close the sale
  • Remind the buyer of the location where the closing will be held
  • Confirm the closing date and time, and notify parties if there are changes
  • Gather all required forms and documents for closing
  • Explain flood insurance to the buyer
  • Explain title insurance to the buyer and refer to qualified insurance broker
  • Order any surveys needed

Advocating for the Buyer and Facilitating the Close (Part 2/2)

  • Order the appraisal
  • Order the title search
  • Confirm the status of the loan funding
  • Check addendums and alterations for agreed terms
  • Review the buyer’s closing statement to ensure accuracy
  • Explain wire fraud risks and remind clients to verify all wiring instructionsbefore transferring funds
  • Double-check all tax, homeowners’ association dues, utility, and applicable prorations, if relevant
  • Request final closing figures from the closing agent (often an attorney ortitle company)
  • Receive and carefully review closing figures to ensure accuracy
  • Receive and carefully review title insurance commitment with the buyer
  • Advise the buyer to re-key their locks and to consider a one-time cleaningservice or landscaping before moving day
  • Review documents with the closing agent (attorney)
  • Support the buyer in any final closing activities
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Actual services provided will depend on the needs of the buyer and the transaction –not all 105 things will need to be done in every transaction.

Featured content from the Center for REALTOR® Development’s Accredited Buyer’s Representative (ABR®) Designation Course. Visit crd.realtor to learn more.

Let's Chat.

I'm sure you have questions and thoughts about the real estate process. I'd love to talk with you about what you've read here and help you on the path to buying your new home.

I look forward to working with you.
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www.provenrealtynd.com/team/erik-peterson
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Thank you!

In everything we do, we are driven to help others, because behind every transaction there is a vision, a goal, a dream waiting to come to life. In doing so, we bring our expertise, our instincts from years of experience, and our complete dedication to you.

This is only the beginning of an exciting journey to a bright and shining new future. And it's only the beginning of our commitment to servicing your every real estate need. Thank you for the opportunity to help you find your perfect home!
We'll be right there with you, every step of the way.