home buyer presentation
DESCRIPTION
This is a free home buyer presentation for first time homebuyers. It goes through the ins and outs of buying a home.TRANSCRIPT
Finding a Home
Detailed Profile
Multiple
Listing
Search
Showings
Finding the right REALTOR®
Finding the right REALTOR®
Northeast Indiana’s Foremost Professional Realty Group
Highest production levels per agent in the Fort Wayne area
Leading the Fort Wayne area in innovative, traditional and strategic internet marketing techniques
Ethical agents with the highest degree of integrity
First class facilities and services designed to serve you
Finding the right REALTOR®
Let us utilize our experience and expertise to ensure the best
possible outcome in your home buying experience!
(and you don’t pay a commission)
Finding a Home
Detailed Profile• Price Range
• Location
• Ranch or Two Story
• Bedrooms
• Baths
• Type of Garage
• Acreage
Establish CriteriaNeeds, Wants and Expectations
Multiple Listing Search
We can submit your criteria to MLS.
You are e-mailed matched listings within 59 minutes after their posting in the MLS system.
We will fax or mail the listings if you prefer.
Monitor the MLS Hour by Hour
Finding a Home
Showings
We will arrange showings for the homes that meet your criteria.
Please allow us at least 2 days notice to prepare seller.
If you visit open houses tell the host that you are working with a REALTOR® so that there is no confusion with representation. We will give you a supply of our business cards that you can give to the hosts.
Finding the Ideal Home
Finding a Home
We will help you learn to decipher the MLS
Finding a Home
MLS
Finding a Home
Sample MLS Report
Finding a Home
Sample MLS Report
Finding a Home
Financing
Pre-approved Lenders
Financing
Lenders
Trustworthy and Competent Lenders
We can recommended lenders that will get you to the closing table.
We have working relationships developed over our years of experience in this industry.
Trustworthy and competent lenders that have earned our confidence.
Pre-Approved
Obtaining Pre-approval LetterEnhance Your Purchase Power
Can be the decisive factor in your favor if another offer, concurrent to your offer, is presented to the seller.
Lower offers are accepted, or at least entertained, over higher offers that were not accompanied by a pre- approval letter.
Financing
Submitting an Offer
CMAEarnest
Money
RealEstateTaxes
Submitting an Offer
CMA
Comparative Market Analysis
We will prepare a thorough CMA to help determine house value.
Comparison of other homes sold in the area.
Compare• square feet• number of baths• garage size• deck• type of heat / air conditioning
CMA
Comparative Market Analysis
Providing a professional recommendation of a home’s value range based on adjustments of CMA variables.
Recommendation based on:• condition, • quality of construction,• materials• and “hot buttons” (sky lights, trayed
ceilings, etc)
Submitting an Offer
EarnestMoney
Earnest $ Check Submitted with Offer
Typically 1% of the offering price.
Reflects the buyer’s sincerity in the purchase.
Check is not cashed until the offer is accepted and signed by all parties.
Deposited in a non interest bank account and credited to the buyer at closing.
Submitting an Offer
Home Inspection
Process Inspectors
Home Inspection
Process
Finding the Major Defects
We will recommend that the desire for a home inspection be written into the purchase agreement.
Response on findings given back to the seller within 15 days after the offer is agreed upon.
Process
Finding the Major Defects
When major defects are identified buyer must determine which, if any, should be corrected by seller.
Often it is best to get quotes for repairs and request dollar amount at closing.
If the seller declines to correct the defect, the buyer can request the return of the deposited earnest money. The buyer is also released from the contract.
Home Inspection
Process
What is a Major Defect
Major Defect: any defect that would have a negative effect on the long term value of the home or the safety of it’s inhabitants if not replaced or corrected.
Examples:• cracked heat exchanger in furnace
(carbon monoxide problems)• leak in the roof (moisture problems)
Home Inspection
Inspectors
Buyer’s Decision in the Choice of Inspectors
There is a wide variance in level of expertise among the home inspectors in the area.
We have had experience with most of them and can offer assistance with choice if desired.
Home Inspection
Closing Details
InitialBuyingCosts
Assistance
Closing Details
Out of Pocket (approximate)
• Appraisal * 300• Credit report * 37• Home inspection * 300• Home owners insurance 700
Total 1337
*sometimes paid at closing
Initial BuyingCost
Closing Details
• Obtaining home warranty• Home owners insurance• Moving companies• Contractors, when required
When needed, we provide assistance with:
Assistance
Protects you from unplanned expenses when you don’t know how reliable your appliances will be.
Includes furnace and air conditioner protection.
We will recommend Seller Includes a Home Warranty
Home Warranty
Closing Details
Call a North Eastern Group Realtor® today!
260-489-7095
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