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Steps To Buying A Home

The Connie Carlson Team

Connie Carlson

on 27 October 2014

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Transcript of Steps To Buying A Home

Presented By: The Connie Carlson Team
Steps To Buying A Home
#1 Understanding The Market
Final Steps To Get Started
And How It Impacts How You Buy
Finding A Great Home
#2 Narrowing Down Your Search
#3 Understanding Contract to Close
FMLS SF Detached residences data. Data believed to be accurate, but not warranted. Analysis includes previous listing period data where applicable. © 2012 ChartMaster Services, LLC. For exclusive use of participating Keller Williams Realty offices.
* Medians: Half are above and half are below
What is the REAL STORY?
Many times listed properties will have expired or been withdrawn one or more times prior to the listing period in which they sold. Including the original listing prices and cumulative days on market from those previous listing periods, results in a more realistic set of measurements.
Wrong Price/Wrong Agent
Right Agent/Wrong Price
Right Price/Wrong Agent
Right Price/Right Agent
Wants & Needs
Property Searches
Driving By
Tour the Homes
Determining What To Offer
The Closing
Understanding The Contract
Get Your Financing
Things To Do
Making An offer
(cc) image by nuonsolarteam on Flickr
Let's you know how much you feel comfortable spending
Provides leverage in negotiations with sellers
Shows you are a serious buyer
Establishes Expectations
Choose a Reputable Lender
Compare Home To Other Homes That Have Recently Sold
How Long Has it Been On the Market
Are There Any Other Offers On The Home
Do You Need Closing Cost Paid?
By Asking For the $3000 You Are Financing $3000 More Into Your Loan
Thou shalt not change jobs, become self-employed or quit your job.
Thou shalt not buy a car, truck or van (or you may be living in it)!
Thou shalt not use charge cards excessively or let your accounts fall behind.
Thou shalt not spend money you have set aside for closing.
Thou shalt not omit debts or liabilities from your loan application.
Thou shalt not buy furniture.
Thou shalt not originate any inquiries into your credit.
Thou shalt not make large deposits without first checking with your loan officer.
Thou shalt not change bank accounts.
Thou shalt not co-sign a loan for anyone
10 Commandments
Due Diligence 7-12 Days
Earnest Money
Due Diligence Contingency
Financing Contingency
Appraisal Contingency
Final Walk Thru
Importance of a Survey
Importance of Title Insurance
What To Bring
What to Expect
Set Up Next Appointment
Benefits of a "Team" Approach
- Over 450 homes sold
- In House Lender & Attorney

- Communication Plan
- Phone, eMail, Text
- Transaction Coordinator
- Video Instructions Throughout Transaction
- Largest Real Estate Office in Cobb County
- Find Listings Before They Hit the Market
TEAM Approach
Brandi May
- Buyer Specialist
Property Searches
Full transcript