Metro1 First Time Home Buyer Presentation
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Transcript of Metro1 First Time Home Buyer Presentation
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Buying Your First Home
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OverviewMetro1 RealtyRenting v OwnershipFinancingHouse HuntingHome-HunterContract to Closing Flow ChartNegotiationsHome Owner ProtectionAction
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Residential / Commercial
Full Service Agency
Kentucky and Indiana
Buyer Program
Availability
Committed to Excellence
www.Metro1Realty.com
Member of Multiple Associations
Cutting Edge Technology
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Renting v OwnershipFire Your Landlord!
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Financing Why it’s Important Which is Better
StandardParticular
PITIPrincipalInterestTaxInsurance
HomeMortgage (80/20)
Realtor / Loan OfficerGrant100% FinancingDown Payment Assistance
Government AgenciesNon Profit Organizations
Seller ConcessionsClosing Costs
Rate Buy DownPrepaid Items
The Holy Grail :
Bring no cash to closing
Prequalification Letter
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House Hunting On Your Own
Internet Drive-bys Cost
With A Realtor MLS Professional Lists Cost Client / Customer Dual Limited Agency Exclusive Buyer Agency Procuring Cause
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Home-Hunter Map Search Cutting Edge Technology
AutomatedDailyColor PhotosVideosMap
Search AreaArea MapZip CodesNeighborhood
sSchool
DistrictConcentric
Search CriteriaBedroomsBathsSquare feetLot sizeFireplaceStyleAnything else…..
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Contract to Closing
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Negotiations Get the Facts – Comps (CMA)
Past Sales Current Listings Condition Bathrooms Garages Square Feet More…._______________________
Other Factors The Other Party Negotiation History (New
Homes) “Standard” % Reduction
PriceDays to ClosePossessionRepairsTermite TreatmentGood Faith DepositTerms
Getting to Yes: Negotiating Agreement Without Giving In. Roger Fisher and William Ury
You will Get What You NegotiateNot What You Deserve
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Home Owner ProtectionHome Inspection
FHA “Inspection”
Home InsuranceCredit ScoreCostDeductible
Home WarrantyCostDeductible
Owner’s Title Insurance
Mortgage Insurance
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ActionMeet with Lender
Become Prequalified
Establish Essential Home Criteria
Meet with Realtor
Receive Daily Home-Hunter Properties
View Homes
Offer Contract
Close: 15 – 45 Days
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Thanks For Attending!
502-254-9600
www.Metro1Realty.com
12504 Nassau Lane, Louisville, Kentucky, 40243