Transcript: To get the home of your dreams for the best price! Chris Gizzi Carol Kemp Define the Price Define the Area Define the Amenities Ines Negrete Steve Ruiz Doug & Erin Harris Ed & Angie Wright Pay Market Value or Less Good Neighborhood Good Location Good Floor Plan Feels Like Home And one more thing... Thank you for your attention! The Process Transaction Coordinator Meet the Conclusion Our TEAM Goal is your Goal Understanding the Home Buying Process Creating a Buying Philosophy Moshelle Carlson is here How may I serve you?
Transcript: HOME buying Guide ROOTED IN COMMUNITY Having lived and worked in Columbus my entire life, I understand what makes our community, and the people who call it home, so special. Not only that, but I have a vested interest in seeing this city thrive for and with all of the diverse groups of people that call it home. Because of that, I love to connect with, learn about, and serve all of the individuals that make up this group. That’s what it takes to truly be a local real estate expert. Not just expertise in negotiation and marketing, but a love and understanding of our community and the people who live here. That’s just one reason to choose me to stand by your side – and it’s the foundation of everything I do. B.A. in Organizational Leadership (2012) Ohio Christian University Men’s Ministry Leader International Christian Center Founder of Unified Solutions “People Building People” BENEFITS OF HAVING A REALTOR GETTING YOU IN THE DOOR STAYING ON TOP OF PAPERWORK We'll narrow down homes that fit what you're looking for & get you in the door! Looking at dozens of homes every week, I can help you identify potential problems within a home. HANDLING CHALLENGING CONVERSATIONS Contracts? Contingencies? Addendums? Buying a home can involve a lot of documents . I have experience navigating through real estate contracts making sure nothing is overlooked, and that you understand what a paper means before ever signing on the dotted line. When repairs or changes in price need to made, I will be your guide and negotiate on your behalf. NEIGHBORHOOD EXPERT Working daily in neighborhoods with inspectors, contractors, and negotiating with sellers, I have the market knowledge needed to get the best results from your purchase. Understanding the local real estate market goes a long way when it comes time to make an offer on a house. ON YOUR SIDE I will always represent your best interests. With a pulse on the local market and a sound understanding of how various amenities effect the value of a home, I'll make sure we submit a competitive offer on the right house for you. PROBLEM SOLVER FREE I will protect all of your interests and take on any issues that may arise throughout the entire process. Hopefully making home buying a fun and stress-free process. The seller typically pays the commission for both the seller’s agent and the buyer’s agent. Home Buying Process The first step in helping you buy a home, is understanding what you're looking for, when you're planning to move, and what your non-negotiables are. Pairing this information with my knowledge of the market will help me quickly and efficiently find properties that fit what you're looking for. Prepare Your FINANCES GET PRE-APPROVED Being pre-approved, unlike being pre-qualified, means you've actually been approved by a lender for a specific loan amount. You will need to provide documented financial information (income, statements, assets, debt & credit reports etc.) to be reviewed & verified by the lender. Review your credit report for accuracy Limit number of credit checks Keep low balances on credit cards & revolving credit Pay down revolving accounts to 30% or lower Don't make any major purchases on credit No NSF in the last 12 months Pay your bills on time Don't close any accounts Keep a separate checking & savings account Manage credit cards responsibly Don't change jobs Be current on student loans & child support Credit Score Credit History Debt to Income Ratio Employment Down Payment QUALIFYING FACTORS Always check with your lender before doing anything that might impact your income, assets, liabilities, or credit. What you'll need... Most recent pay stubs 3 year's tax returns & W2's 3 most recent checking & saving statements Last quarterly investment statements Legible, blown up copies of your driver's license(s) Your Expected Costs Earnest Money $500-$1,000 Inspection $300 Appraisal $400-$500 Homeowner Insurance (varies) MAKING AN OFFER Once you find the property you want, we will write up a purchase agreement. Much of the agreement is standard, but there are still a few areas we can negotiate. 1. Price 2.Move-in Date 3. Additional Property Being flexible on possession date, can make the seller more apt to choose your offer over others. Often, the seller plans on leaving major appliances in the home; however, which items stay or go is often a matter of negotiation What you offer on a property depends on multiple factors: -Condition of property -Time on market -Buyer activity The seller can: Typically, the seller will counteroffer. In these cases, my experience and negotiating skills become powerful in representing your best interest. -Accept the offer -Reject the offer -Counteroffer Preparing For CLOSING What you need Social security numbers Photo IDs Insurance binder & paid receipt Certified check for closing costs & down payment Let's Connect 614.207.2342 Darrell.Hunter@KW.COM @TheColumbusHouseHunter TheColumbusHouseHunter HTTPS://thecolumbushousehunter.kw.com
Transcript: Understanding the Pre-Approval Process LOCATION, LOCATION, LOCATION The Needs, The Wants and The Wish List. Making An Offer. Home Inspection The Appraisal Scheduling The Closing To make the financing process as painless as possible, ask your agent to introduce you to the preferred financing consultant. This professional will work with you and your agent to make sure the financial aspect of your home purchase is stress free. What will the consultant do for you? 1. Review your current financials. 2. Discuss the options available to you during the home purchasing process. 3. Guide you to an appropriate price point. 4. Negotiate on your behalf to get you the best deal - price, interest rates, loan approval. 5. Keep you informed and updated of the entire financial process throughout your purchase. So you've met with your trusted advisors, and now you're ready to begin your search. But how or where do you start? There are a lot of homes out there, and diving in without a guide can become overwhelming and confusing. As your REMAX agent, I will help you more accurately pinpoint homes that fit your criteria. The right home will meet all your important needs, and as many of your additional wants as possible. Some questions you might ask yourself include: 1. What amenities are crucial for you and your family? 2. How much space do you need and why? 3. Which is more critical: location or size? 4. Would you be interested in a fixer-upper? 5. How important is home value appreciation? 6. Is neighborhood stability a priority? Once you've found a home you love, the next step is deciding on a price. It's important to remember that a home is an investment. As your Agent I can give you information on other properties in the neighborhood to help you ensure you make an informed decision when it comes to price. I can explain and guide you through the offer process. Some things to consider when deciding on the best price point are: List price - Start with the price point that the home is listed at. This will give you a base when looking at the home value. Market Analysis - As your buyer's agent I can give you an idea of comparable home values in the neighborhood to help you decide if the price point is on par. Improvements - I can give you a list of improvements made to the home and help you determine its market value. A home inspection is an all-encompassing examination of the condition of a home. The home inspection process is often but not always performed at the time of the sale of the home. A home is one of the most important purchases one will ever make. A home inspection is an inexpensive way to discover the universal condition of a home. It is important to conduct a home inspection to avoid a costly mistake by purchasing a property in need of major repairs. Knowing what work has and has not been done to your home is important information to have in the buying process. While updates can increase your home value, damages can take money out of your pocket. Very often a problem appears to be big, but can be fixed with very little effort and not a huge budget. A qualified home inspector can help you in determining what is crucial or what would be considered regular maintenance. Appraisals are an important part of your home buying process. A Real Estate Appraisal helps to establish a property's market value and the likely sales price it would bring if offered in an open and competitive real estate market. Your lender will require an appraisal when you use real estate as security for a loan. Experienced agents should come very close to an appraisal price with their Comparative Market Analysis - CMA. However, an appraiser's report is much more detailed--and is the only valuation report a bank will consider when deciding whether or not to lend a loan. What to Expect at the Closing Table You have your mortgage closing date scheduled, which means you’re in the home stretch. Closing is the final step of the process, and the closing table is where the ownership of the home will transfer from the seller to the new owner (that’s you). Finally, you’ll be getting the keys to your new home. What to Bring Your mortgage loan officer and title company representative will provide you with a list of what you will need to bring. Each buyer needs a photo I.D., such as a driver’s license, passport, etc. A certified or cashier’s check for the closing costs that you will owe, made out to the title or closing company. Any outstanding documents or paperwork that you have not yet provided to the title company or mortgage loan officer. Thank You! For sellers: calculating your net proceeds Earnest Money Withdrawing an offer Step 1 What the offer contains continued What does your future home look like? Where is it located? As you hunt down your dream home, consult this list to evaluate properties and keep your priorities top of mind. Neighborhood Schools # of bedrooms # of bathrooms Finished lower level Garage Yard, etc. My Offer is Accepted -- Now What?
Transcript: Why Choose Nothing but the BEST is Good Enough #2 Partnership in Keller Williams Ottawa Realty 2010 Team Work Our Mission & Core Values Founded in 2001 Largest Real Estate Office in Ottawa 2006-2010 Canadian Business Awards INTEGRITY Ashlea Joyce (Office Manager) Mary Caird (Broker of Record) CARE Meron Berhe (Tech Support) RESULTS Sunny Daljit (Team Leader) PROFESSIONALISM Craig Smith Craig Barton-Hill (Buyer Agent) COMMUNICATION Wendy Cheung
Transcript: Buying a Home Understanding the Home Buying Process Understanding the Market Understanding the Market 01. Consultant Vs. Salesperson 02. Buyer's Market Vs. Seller Market 03. Average List to Sell Price Consultant Vs Salesperson Salesperson- A person who sells goods Consultant- A person who gives professional or expert advice. 100% of my clients choose Buyer Agency. I work with tons of buyers and regularly caravan our company's newest listings so I typically see over 100 homes per month. I use this market knowledge to help you! As your buyer's agent, I am able to advise you, instead of simply assisting you. Understanding the Market 01. Consultant Vs. Salesperson 02. Buyer's Market Vs. Seller Market 03. Average List to Sell Price Buyers Market Vs. Sellers Market 1-3 months of inventory= Sellers Market 4-6 months of inventory= Neutral Market 6+ months of inventory= Buyers Market Current Inventory 2 1/2-3 Months Understanding the Market 01. Consultant Vs. Salesperson 02. Buyer's Market Vs. Seller Market 03. Average List to Sell Price Average List to Sale Price Average List price to sales price ratio is 97-98%. When inventory is DOWN demand goes UP. When demand goes UP prices go UP. Financing Financing GETTING PRE-APPROVED WHY YOU GET PRE-APPROVED FIRST WHY YOU GET PRE-APPROVED FIRST Makes you like a cash buyer GIVES YOU LEAVERGE in multiple offer GIVES YOU CONFIDENCE you can buy the home you fall in love with Downpayment is a percentage based on the type of loan PRE-PAIDS Pre-Paids are a portion of the taxes and insurance to be collected at closing and held in Escrow CLOSING COSTS Closing with a mortgage will cost from 3-5% of the total sales price. *There are 100% financing options available in our area. *Closing costs are different than your down payment. *We can ask the seller to contribute toward your closing costs. Downpayment is a percentage based on the type of loan Inspection & Appraisal and sometimes Termite WIR are the only fees paid outside of closing. How do I get paid? How do I get paid? My commission is paid by Seller. It's a no brainer to have a buyer's agent working for you! SHOPPING FOR A HOME Shopping for your home How do I search? How do I search? E-Alerts & My App E-Alerts & My App E-Alerts are custom search set up for you directly from the MLS My App allows you to create your own searches Info is updated hourly WHY NOT Zillow or Trulia? I don't want you to fall in love with a home that is already off the market. Zestimates are not accurate representations of value. For Sale By Owner For Sale By Owner What do you do ? CALL ME FIRST CALL ME FIRST Someone has to take care of the contract and paperwork. If you call me first the seller will pay me to do it. Can I get it cheaper? Can I get it cheaper? Average buyer commission is 2.5-3% PAID BY THE SELLER Attorneys charge by the hour PAID BY YOU Finding you the perfect property Finding you the perfect property Set up a search based on your criteria. Set up showings Narrow down to approx 6 properties Find your dream home MAKE AN OFFER THE PROCESS THE CONTRACT TO CLOSE JAN CLOSING Earnest Money Final Walk Through Clear to Close Appraisal is ordered by lender OFFER Home Inspection CLOSING Final Walk Through Insurance & Internet Final Walk Through Final Underwriting Inspection Addendum The Contract The Contract Being familiar with the contract will help us to submit an offer quickly when you find the property you LOVE!!
Transcript: Discount Brokerages & For-Sale-By-Owner Why Keller Williams? Presented by Andrew Green Keller Williams Elite Realty 604-379-1747 Thank-You! Let's discuss: - Describe what your ideal home would look like. - Size, location, age, features, bylaws etc. - Met with a lender? What's your price point? - Best way to contact you? - What is your time frame? - What is your availability to view homes? The Subject Period Teamwork Keller Williams was designed to reward agents for working together. Based on the belief that we are all more successful if we strive toward a common goal rather than our individual interests. I am confident that every Keller Williams professional shares the common goal of serving you, my client, the best way possible. I am a firm believer that you never stop learning. Keller Williams puts a very large focus on education as new technology is always under development and new innovations make their way into the Real Estate industry. Being able to utilize these technologies to better serve my clients is the end goal and it continues to give me an edge up on the competition. Business Built Around You I know that there are many Realtors out there and that most people know at least a few they could work with, and it's important to me that you know I understand this well and strive to out-perform the competition. I take a pressure-free, service-oriented approach to real estate. I believe in honesty and integrity and work with your best interests at heart at all times. If at any point during our working relationship we encounter a problem - I will fix it. My Approach - My Approach to Real Estate; revolves around you. - What Costs to Expect; mortgage, deposit, and closing costs. - The Offer Process; preparation, presentation & response. - The Subject Period; exploratory period. - Why Keller Williams; advantages that work for you. Buying a Home. Buying a Home What to Expect The Offer Process Whether it's a mortgage specialist, a home inspector or an insurance agent, I have a long list of professionals available to you when you're in need of services. Don't throw a dart at the board, work with a trusted individual who has proven their services in the past, and will get the job done well the first time. Technology & Education Professional Services Some Realtors are hesitant to work with a discount brokerage or FSBO because they offer a lower commission, and yet if we exclude these listings you could be missing out on the perfect home. Keller Williams is happy to work with these Sellers because at the end of the day it's about putting your needs first; and because many agents avoid these listings, we have a distinct advantage when negotiating with them. - A lawyer/notary to convey the title ($1000.00) - An inspection of the home ($500.00) - Property Transfer Tax (1% first $200,000 & 2% balance) - Pro-rated amount of property tax. - Sales Tax (New Construction) (7% of Purchase Price) - House/Contents insurance. - Cleaning costs ($25/hr) - Move-in Condo fee ($100.00 to $300.00) Your Bank will not lend you the money required for these closings costs. The Subject Period is the exploratory period during which the Buyer has the home inspected, receives confirmation from the lender, reviews strata documentation, etc. Once you're satisfied with the findings, you will prepare a Bank Draft for the deposit, and we will remove subjects from the contract making it a firm deal. All documentation will be sent to your Lawyer or Notary and they will contact you for final signatures. Costs From the various costs to expect when buying a home, to professional services you will require along the way - it's important for you to understand the process and avoid any unwanted surprises. - Technology & Education-Based Approach. - Willingness to work with Discount Brokerages. - Willingness to work with For-Sale-By-Owner. - Teamwork. I treat my career as a business, and by doing so it's imperative to the success of my future that each and every client I have the opportunity of working with is highly satisfied with the services they've received. Because at the end of the day the Real Estate industry is fueled by referrals and I know that I have to earn those referrals by providing exceptional service. Once we are ready to write an offer we will discuss the terms of the offer including the purchase price, the move-in date, and any additional property. I will present the offer to the Seller's agent and we will await a response. They can accept, reject, or the most common response is to counter-offer with their terms and price. Once we have found common ground, we can move to the subject period of the process.
Transcript: Our Team Buyer Process Loan Process Our Trusted Lenders & Inspectors Finding a Home Look at Properties Our Team will help you understand and learn the market through showing you homes, market statistics, and previewing homes to save you time and money! Writing a Contract -determine value -submit offer online -negotiate terms acceptable to all parties -offer accepted! -submit earnest money within 4 days -work with lender to get all documents needed for loan approval Inspection Attend Inspection with Brian Wilcox or Inspector of your choice to: -determine if home is in good shape and if you wish to move forward with the purchase of the home -determine any items you wish to ask seller to repair/or replace and submit in writing request by Inspection Objection Deadline. -We recommend keeping this list to the most important items to increase your chances of seller agreeing-negotiate with seller on inspection items/repairs and complete negotiations by Inspection Resolution deadline. Appraisal Deadline -Lender will order appraisal and typically charge you out-of-pocket. -If property does not appraise at agreed purchase price, re-negotiate with seller. -If seller does not agree, determine if you are willing to pay those additional funds through another loan or putting more money down. -If no agreement is made, Buyer can terminate contract. Closing -if we made it through inspection, appraisal, and loan conditions, we are going to close! Congratulations! -you will bring your drivers license and a cashier's check for the money due at closing which will be provided by your lender and the title company. -An hour of signing a large stack of papers (not the most exciting portion) and then "Cheers!" You will be handed keys and garage remotes, and you are a new HOMEOWNER! The City & Mountains Group Buyer Presentation
Transcript: Home Inspections are a tool for gaining an overview on the conditions of the house. While useful in negotiations, it is not a 'to-do' list for the Seller. We have to pick and chose what's important in order to not, "Step over dollars to pick up nickels." We will negotiate for the best deal that ensures a WIN-WIN for everyone. THANK YOU! Getting pre-qualified before beginning the home search helps to know how much you can comfortably spend and which price range to search. Being pre-qualified or pre-approved will provide Leverage when making offers and gives you Confidence in your purchasing power. Know the Local Market Seller nearly always pays the Buyer Agents commission. Before going to a 'For Sale By Owner,' ALWAYS have us talk to them first. We are a team of agents with Barbara Adamson as the team's leader. Each agent and staff member does what they do on this team of yours because nothing is more important to them than getting you into your new home and making your dreams happen. We do this by breaking apart the process between agents and always communicating with each other- and YOU. No one on this team is alone and if any help is needed...it's there immediately. What we do is take your need and make it reality in the smoothest possible way by working together from beginning to end. DO Do's and Don'ts of the Loan Process Jason Reeves New American Funding email@example.com 770-316-5664 Adamson & Associates FREE Buyers Agent: Preferred Lenders Your Agent Team Out of Pocket Expenses before Closing Home Inspections We're Buying a Home! Understanding the Home Buying process Keep accounts current Contact agent and lender when questions arise Make all payment early or on due date Get Pre-Qualified Your Team Buying your New Home Kathy Zimniak Neighborhood Loans firstname.lastname@example.org 678-478-4637 nloans.net/kathy Buyers Home Inspection: $300-400 Property Appraisals: $400-500 Earnest Money: $500-1000 Earnest money is then applies to the down payment at Closing DON'T Travis Wilson Fairway Mortgage email@example.com 678-827-7371 travisbwilson.com Alter your credit Quit your job or change jobs Allow credit inquries besides lender Apply for credit Change bank accounts Deposit undocumented funds Co-sign for anyone Purchase or attempt to purchase on credit Charge abnormal amounts to credit cards Send in late payments Exceed time limit on paperwork submission to lender
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