redfin anne arundel home buying class

Home Buying Class

Presented byMarcie Gatton & Kim Dixson

Meet Marcie & Kim

Kim DixsonRedfin Agent● 85 Redfin buyers &

sellers● $395K median home

price● 4.5 star rating (85

reviews)

Marcie GattonRedfin Agent● 179 Redfin buyers &

sellers● $295K median home

price● 4.5 star rating (114

reviews)

Meet Redfin’s Anne Arundel - PG Team

About RedfinA better way to buy & sell

On Your SideRedfin Agents are paid based on your satisfaction, not commission, so your interests always come first.

Smarter & FasterMove quickly and confidently with our easy online tools and the most complete and accurate home sales data available.

You Get MoreGet full service and better results while saving thousands in fees.

100% Team SupportYou’ll work with a team of real estate pros, so there’s always someone ready to help.

Agenda

1. Local Real Estate Trends2. Home-Buying Process3. Recap4. Conclusion

#1.Local Real Estate Trends

Annapolis Real Estate Overview

Median List Price $550K

Median List $/Sq. Ft. $281

Median Sale Price $440K

Median Sale $/Sq. Ft. $240

Median Sale/List 97.1%

Average Number of Offers 2.2

Average Down Payment 12.3%

Number of Homes Sold 284

Calculated using the last 90 days

Trending: Bidding Wars

New Construction

Foreclosures & Short Sales

#2. Home Buying Process

Before You Buy

● Rent vs. own● Length of

ownership● Life changes

(family, job)● Personal finances

Overview of the Home Buying Process

1. Research

2. Search for Homes

3. Finance Your Home

4. Make Your Offer

5. Closing Process

1. Research

• Home wish list• Location & neighborhoods• Mortgage loans & pre-approval• Real estate agents & reviews

2. Search for Homes

• Create a wish list for home features• Check out open houses• See homes in person on home tours• Save searches on Redfin and get notifications

on the Redfin app & email

See Homes in Person

2211

3. Finance Your Home

• Review your finances• Check your credit score• Find the right loan• Get pre-approved

Latest Mortgage RatesType of Loan August 14, 2014 August 7, 2014

30-Year Fixed 4.12% 4.14%

15-Year Fixed 3.24% 3.27%

5/1 ARM 2.97% 2.98%

1-Year ARM 2.36% 2.35%

Break!● Marcie Gatton

marcie.gatton@redfin.com

● Kim Dixsonkim.dixson@redfin.com

4. Make Your Offer

• Pricing & comparables• Common contingencies• Negotiations• Mutual acceptance

5. Closing Process

• Inspection • Appraisal• Financing & approval• Title• Closing!

The Closing ProcessSuccess! The seller has agreed with your price and terms. You’ve achieved mutual acceptance.

Deposit your earnest money to prove you’re serious about the offer.

The seller will disclose any known problems with the property.

The home’s owner history and title for liens, encroachments, and easements is reviewed.

Schedule a professional home inspection. Your agent will have recom-mendations.

Select your lender and submit your loan within three days of mutual acceptance.

Take your final walkthrough to look for any issues since the inspection.

Sign all of the paperwork at your signing appointment.

Get your keys, take possession, and start moving!

Receive your Redfin commission refund.

Complete the Redfin survey for your agent.

Home Inspection

Congratulations,You bought a home!

#3. Recap

Home Buying Timeline

#4. Conclusion

So, What Now?

Make sure it’s the right time to buy for you.

Find an agent & get pre-approved for a loan.

Search for homes on Redfin.com & mobile app.

See homes in person & make an offer.

Buy a home!

Get More From Redfin• Explore our online tools,

including a home affordability calculator to find out how much you can afford, and the home value tool to see how much a home is worth.

• Take Redfin with you: Download the Redfin app for iPhone, iPad, and Android.

• Claim your home on Redfin and receive monthly home reports.

• Sell your home: Work with a Redfin Agent to sell your home and get free professional photography and online marketing to all the right buyers — for a 1.5% listing fee.

• Check out more classes, including market trends, mortgages, home selling classes, and more at Redfin.com/Events.

Thanks for Coming!