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: Multiple offers are becoming increasingly common for good homes. Be prepared to make an offer. You can buy a home at any price, you can't buy any home at any price. House prices have become more stable. Even though I represent you and not the seller, my fees are paid by the seller at closing, not by you, the buyer. Most buyers see 5 homes before they buy. Foreclosures and short sales are common in today's market. Even with affordable prices, average selling prices are 97 percent of list price. If you see what best matches your needs first, you can stay focused and save time. I can show you all homes for sale, not just my listings or my brokerage's listings. The market is fantasic for buyers. Sometimes there are less than 5 homes in the market that match your specific. criteria. Offer prices should be guided be comparable solds, instead of a percentage of list price, tax records, or what it sold for to the current owner. A fixed-rate mortgage might not change for 15 to 30 years; rent typically increases 3% per year. Read more: http://buyandsell.houselogic.com/#ixzz1n6khWZx3 The mortgage interest deduction Every year, you can deduct the amount of interest Read more: http://buyandsell.houselogic.com/articles/7-homeowner-tax-advantages/#ixzz1n6m1766K Typically, you can deduct the “prepaid interest” you paid when you got your mortgage loan. That includes points, loan origination fees, and loan discount fees listed on your settlement statement, even if the seller paid those fees for you. Each time you refinance your home, you can deduct prepaid interest fees. Read more: http://buyandsell.houselogic.com/articles/7-homeowner-tax-advantages/#ixzz1n6n1LX4f Historically, home owners’ net worth has ranged from 31 to 46 times that of renters. Read more: http://buyandsell.houselogic.com/#ixzz1n6lHfmty - Where? How big? Beds/Baths? Style? - Get pre-approved - What are my 'wants', 'don't wants' and 'musts'? - Home ownership at all time record affordability -Mortgage rates at record lows -More oppritunity than ever before - Get an estimate mortgage payment "I need to buy a home.." Get started - Keep saving for down payment House Hunting My price range... What am I looking for? http://saxton.kwrealty.com - Work on credit
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: CC JOHNSON REALTY "Where It's All About You!" It’s All About You My real estate business has been built around one guiding principle: It's all about you. Your needs Your dreams Your concerns Your questions Your finances Your time Your life My focus is on your complete satisfaction. In fact, I work to get the job done so well, you will want to tell your friends and associates about it. Maybe that's why more than 50 percent of my business comes from repeat customers and referrals. Good service speaks for itself. I’m looking forward to the opportunity to earn your referrals too! Your Home Search I love helping buyers find their dream home. That's why I work with each client individually, taking the time to understand their unique lifestyles, needs and wishes. This is about more than a certain number of bedrooms or a particular zip code. This is about your life. And it's important to me. When you work with me, you get: A knowledgeable and professional REALTOR® A committed ally to negotiate on your behalf The backing of a trusted company, Keller Williams Realty I have the systems in place to streamline the home-buying process for you. As part of my service, I will commit to helping you with your home search by: Previewing homes in advance on your behalf Personally touring homes and neighborhoods with you Keeping you informed of new homes on the market Helping you preview homes on the web Advising you of other homes that have sold and for how much Working with you until we find the home of your dreams Getting Started What is prompting your move? When do you need to be in your new home? Are you pre-approved for a mortgage? What is your price range? If we found a home today that meets all of your needs and as many of your wants as possible, would you make an offer? The Home-Buying Process The Mortgage and Loan Process Funding Your Home Purchase 1. Financial pre-qualification or pre-approval Application and interview Buyer provides pertinent documentation, including verification of employment Credit report is requested Appraisal scheduled for current home owned, if any 2. Underwriting Loan package is submitted to underwriter for approval 3. Loan approval Parties are notified of approval Loan documents are completed and sent to title 4. Title company Title exam, insurance and title survey conducted Borrowers come in for final signatures 5. Funding Lender reviews the loan package Funds are transferred by wire Why pre-qualify? We recommend our buyers get pre-qualified before beginning their home search. Knowing exactly how much you can comfortably spend on a home reduces the potential frustration of looking at homes beyond your means. Making an Offer Once you have found the property you want, we will write a purchase agreement. While much of the agreement is standard, there are a few areas that we can negotiate: The Price What you offer on a property depends on a number of factors, including its condition, length of time on the market, buyer activity, and the urgency of the seller. While some buyers want to make a low offer just to see if the seller accepts, this often isn't a smart choice, because the seller may be insulted and decide not to negotiate at all. The Move-in Date If you can be flexible on the possession date, the seller will be more apt to choose your offer over others. Additional Property Often, the seller plans on leaving major appliances in the home; however, which items stay or go is often a matter of negotiation. Typically, you will not be present at the offer presentation - we will present it to the listing agent and/or seller. The seller will then do one of the following: • Accept the offer • Reject the offer • Counter the offer with changes By far the most common is the counteroffer. In these cases, my experience and negotiating skills become powerful in representing your best interests. When a counteroffer is presented, you and I will work together to review each specific area of it, making sure that we move forward with your goals in mind and ensuring that we negotiate the best possible price and terms on your behalf. Closing 101 Prepare for It Closing day marks the end of your home-buying process and the beginning of your new life! To make sure your closing goes smoothly, you should bring the following: • A certified check for closing costs and down payment. Make the check payable to yourself; you will then endorse it to the title company at closing • An insurance binder and paid receipt • Photo IDs • Social security numbers • Addresses for the past 10 years Own It Transfer of title moves ownership of the property from the seller to you. The two events that make this happen are: Delivery of the buyers funds This is the check or wire funds provided by your lender in the amount of the loan. Delivery of the deed A deed is the document that transfers ownership of real estate. The deed names the seller and buyer, gives a legal description of the property, and contains the notarized signatures of the
Transcript: First Time Home Buyers Presented by, Alyssa Hillegass Contact Why Buy with me? The Home Buying Process Reviewing your Wants, Needs, and Objectives A few Key Factors to think of when choosing the right area What area? -How far commute time to work do you want to travel? -Is there a certain school district you would like to be near? -How close are you to gas stations, stores, entertainment? Home Features: What style home, square footage, how many bedrooms/bathrooms, fenced yard, garage, size lot, age of home? Home Features? Consider all of these factors. Determine your wants vs. needs Have you arranged financing? Financing? - Do you have money saved for a downpayment? - Have you been pre-qualified or pre-approved? - What monthly payment do you feel comfortable with? -Do you need help coming up with a plan or need any tips? Topic https://vimeo.com/575369481 * All of these qualities are essential for choosing a realtor to help you find your home. - I will focus on what it is you want within your price range, features, help you find a lender and many other services you may need - Quick and very responsive, I make my clients a priority!! - I have access to many tools and systems used for the search Contact me to get started! Topic Alyssa Hillegass REALTOR, Century 21 New Millennium Licensed in VA Phone: 540-706-4566 Email: firstname.lastname@example.org Any Questions? Let's find your dream home!
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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