A Quick Overview

Your First Home The Proven Path to Home Ownership Gary Keller, Dave Jenks, Jay Papasan

Think of a few words to describe what owning a home of your own means to you.

A few common ones:

Security

Stability

Financial future

Great Investment

American Dream

There are specific financial reasons to buy a home:

Equity Build Up

Value Appreciation

Tax Benefits

There Are Generally 8 Steps To Buying Your Home:

Deciding To Buy

Hire Your Agent

Secure Financing

Find Your Home

Make An Offer

Perform Due Diligence (your end of deal)

Close

Protect Your Investment

The following facts help dispel common fears about purchasing your home :

If you are renting, you very likely can afford to purchase a home.

There is no wrong time to buy. Just make sure that the home is a good buy, and that you have the financial ability to stay in the home for a long time. If you are a frequent mover there are good buys for you out there too.

A less than perfect credit score does not necessarily mean a road block to home ownership.

Buying a home does not have to be complicated – that’s what the professionals are there for…to make it easier for you and to explain the process in a way that will make sense to you.

A Buyers Agent will:

Educate you about your local market

Analyze your wants & needs

Guide you to homes that fit your criteria.

Negotiate on your behalf.

Coordinate the work of professionals.

Check paperwork and deadlines.

Solve problems that may arise, if any. Here is the lesser know fact: Having a buyers agent does not mean you pay the agent for their services. The Seller agrees to a set commission on the sale of the property, that commission is split between the sellers agent and the buyers agent. Generally even For Sale By Owners will agree to pay a commission to a buyers agent.

6 Steps to Financing Your Home

Choose a loan office or mortgage specialist. Referrals from agents, friends, and family will help.

Complete a loan application and obtain preapproval.

Determine what you want to pay and select a loan option that is best for you.

Submit to the lender an accepted purchase offer contract.

Get an appraisal and title commitment

Obtain funding at closing.

Know Your Loan Options:

There are a variety of mortgage loan options out there. It can seem intimidating or overwhelming. The key to understanding the differences between them is to look at 3 basic factors: 1. Down Payment

2. Interest Rate

3. Term – Length

My Home: Analyzing your wants and needs

Age

Style

# Bedrooms/Baths

Living area sizes

Square Ft

Kitchen

Storage

Extras

Parking

Need for Fencing

Fireplace

Pool

Commute

Condition

Neighborhood

Potential for Improvement

3 Components of an Offer

Price

Should reflect the true market value of the home.

Terms Financial & timing factors that make up the offer.

Conditions Clauses that let you out of the deal if the house has a problem that you were not aware of when you went under contract.

Visit YourFirstHomeBook.com for worksheets and other resources.

Your Preclosing Responsibilities

Stay in control of your finances.

Return all phone calls and paperwork promptly.

Obtain certified fund for closing.

Conduct a final walk-through.

Post Closing

Moving in.. Your agent can suggest local companies to assist you if necessary.

Protect your investment. The right insurance can cover you for those those rainy days. Speak with your insurance agent about the right insurance for you.

Enjoy!

Working With Latonia Parks Working with Latonia Parks was one of the best choices we made when we decided to buy a home in Fayetteville, NC. Latonia provided fantastic service for us throughout the whole process of buying our home. She is very personable and provided straightforward counsel. We were extremely pleased with the high level of service and attention Latonia provided us as we navigated through the process of buying our home. After exchanging stories with other friends, we know that none of them received the same level of service and attention as we did. Latonia would promptly answer all our calls and emails, as well as periodically check-in with us. She helped make what could have been a grueling long-distance process (we were living in El Paso, tx, at the time), a relatively stress free and enjoyable undertaking. Without hesitation, we will use Latonia for any future real estate transactions we may do in Fayetteville, and because of her superb service, we will recommend her to our friends, family and acquaintances. Her service as an agent is an excellent value. Sincerely, SGM Mario D. Cockrell and wife, Sue

Working With Latonia Parks Being a first time home buyer, I was a little anxious. I feel extremely fortunate to have someone as knowledgeable as Latonia working with me. She certainly put me at ease and made my home buying experience a glorious one. The school system, location and neighbors are awesome. I have already recommended her services to friends and co-workers and she will continue to be my Realtor. L. Croom Latonia, Thank you so much for handling this transaction. I appreciate your professionalism and the way you stayed on top of every detail. I will not hesitate to call on you for any future needs I have in the area. Lisa P.

About Latonia Parks Through many years of service to our nation, people are second-nature to me. My golden rule of " CLIENTS AND SERVICE.... FIRST " will be proven in my efforts as I assist you in finding your next home or selling your current home. As a Real Estate Consultant, bound by the REALTOR® Code of Ethics, I will advise you in your search through my professionalism and expertise. If you are looking for the HOME OF YOUR NEEDS or the HOME OF YOUR DREAMS , allow me to work out the details of your decision and make you a SATISFIED customer. I am the REALTOR® you've been looking for!! * U.S. Army (Ret.) * REALTOR® * Member of the National Association of REALTORS® * Member of the North Carolina Association of REALTORS® * Member of the Fayetteville Association of REALTORS® * Member/Vocalist of True Vine Ministries PERSONAL: * Wife to CSM King Parks, U.S. Army * Mother to 2 girls

Visit YourFirstHomeBook.com for downloads and resources. Produced By: TechRani.com Your First Home: The Proven Path to Home Ownership by Gary Keller, Dave Jenks, & Jay Papasan