Buyer Presentation
Transcript of Buyer Presentation
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Finding a Home
Detailed Profile
Multiple
Listing
Search
Showings
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Finding a Home
Detailed Profile• Price Range
• Location
• Ranch or Two Story
• Bedrooms
• Baths
• Type of Garage
• Acreage
CriteriaNeeds, Wants and Expectations
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Multiple Listing Search
We 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
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Showings
Arranging 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 us 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
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MLS
Finding a Home
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MLS
Finding a Home
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MLS
Finding a Home
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Financing
Pre-approved Lenders
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Financing
Lenders
Trustworthy and Competent Lenders
Recommended lenders that will get you to the closing table.
Working relationships developed over our years of experience in this industry.
Trustworthy and competent lenders that have earned our confidence.
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Pre-Approved
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
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Submitting an Offer
CMAEarnest
Money
RealEstateTaxes
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Submitting an Offer
CMA
Comparative Market Analysis
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
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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
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EarnestMoney
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
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Home Inspection
Process Inspectors
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Home Inspection
Process
Finding the Major Defects
Recommend 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.
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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
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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
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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
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Closing Details
InitialBuyingCosts
Assistance
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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
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Closing Details
• Obtaining home warranty• Home owners insurance• Moving companies• Contractors, when required
When needed, we provide assistance with:
Assistance
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Protects you from unplanned expenses when you don’t know how reliable your appliances will be.
Includes furnace and air conditioner protection.
Recommend Seller Includes a Home Warranty
Home Warranty
Closing Details
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Home Sweet Home