The Screts Of Buying Real Estate Privately

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A Reason to buy now A Financial Plan to help you buy now Professional Help to guide you along each step An Education of how the buying process works How you arrange a down payment today !

Design a buying plan that suits your budget? Take care of streamlining your financial debts? Provide you with quality new home choices? Help you arrange a mortgage that’s manageable? Provide you legal information to help you buy? Provide options on arranging a down payment? Does this sound to good to be true?

Benefits: Move Anytime No Maintenance No Balcony Snow Shoveling Drawbacks: No Investment No protection ( Prior to 1991)

$850.00 per month (1.8% increase) How much would you spend over 25 years? How much of a rebate do you get back? Do they throw you a party? If you rented from age 20 to 45? What does it really cost with a .60 dollar?

$35,000.00 1996 Market Bottom 2008 Market Top Buyers Market Returns 2009 Confidence Rates Prices Inventory 1989 $135,000.00 1990 P.O.S.

48% of Canadians Under 35 plan to buy within the 2 years (compared to 36% in 2008) Of first time Buyers 36% are single women between the ages of 25-35 Men of the same age demographic represent 18%

Total Gross Combined Income ($70,000 a year) Rule of thumb: One third for a home ($23,333 a year) Divided by 12 months ($1944.44 a month) ($221,000 purchase approx) But what about life?

221,000.00 Purchase Price 11,050.00 5% Down Payment (minimum) 209,950.00 Mortgage Amount 5,774.00 C.M.H.C. Mortgage Insurance 215,724.00 Total Mortgage 215,724 x 5%= 1221.00 Monthly Payment

Personal Savings Programs Builder Savings Programs Gifts Last month’s rent First month’s mortgage payment

Paying off a 225,000 mortgage you pay a total of 562,500.00 337,500.00 in borrowing costs or “interest” Save “interest” by paying Bi-Weekly reduction of 5 years Increase you payments by 10% of original amount each year pay off the mortgage in 10 years total (120,000.oo in savings)

Lawyers Fee? Municipal Documents? Mortgage papers/ Deed? Tarion Fee? Land Transfer Tax? Rule of thumb: 2.0% of Purchase price plus Land Transfer Tax

Our good reason is: Pay yourself first All good programs: Have a financial plan Having a map is good: Hire a professional guide Even with a map and a guide: Having an understanding of the process is a must All the above means nothing without money

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The Screts Of Buying Real Estate Privately - Presentation Transcript

Master The Secrets Of BUYING Your Real Estate Privately!
What We Will Cover A Financial Plan To Help You Buy Now Professional Help To Guide You An Education Of The Buying Process How You Arrange A Down Payment Today 2 3 4 5 1 A Reason To Buy Now
What If We Could Provide Save Money Save Time That Is Manageable 4 Plans 4 Options Buying Plan FSBO Home Choices Mortgage Financing Down Payment Plan That Suits Your Budget
Housing Options Renting Vs Owning Benefits Investment Drawbacks
The Cost of Renting $325,000 20 - 45 $850/mth Increases Celebration .60/ Dollar Rent 25 Years Economics
History of Buying 40 Years 7/ 7 Buy Low Sell High 1990 2009 1982 2003 2015 1996 2008 1989
18% Males 48% Couples 48% / 2 Years 36% Females Who’s Buying First Time Buyers (36% / 2008)
Bank Qualification 1/3 of Income Divided Monthly Approved 70,000 23,333 1,944.44 Lifestyle
$221,000 $11,050 $209,950 $5,774 Your Text Your Text Your Text Your Text Conventional $70,000 5% $1,221 How Much Money Insured Mortgage
Down Payment Plans Savings Programs Deferred Programs Family & Estate Last Payment First Payment Personal Builder Gifts Off-set Month
Incentive Plans New $25,000 Option Tax Credits & Rebates Up to $5,000 Up to $1,350 Purchase Plus HBP Tax Saving Eco Grants Home Renovation
Saving Interest Your Mortgage Interest Principle Payout
- Pay Less Interest
- Bi-weekly
- Accelerated
- Prepayment
- Add 10%
$562,500 $225,000 $337,500 25
Closing Costs Legal Fees Tarion Warranty Disbursements Land Transfer Tax
The Buying Process Mortgage Approval Down Payment Features List Location Choices Step One Enjoy! Referral Financial Plan Close Sale Step Four Meet Condition Negotiate Sale Draft Offer Select Home Step Three Research Price Research Comps Research Area Visit FSBOs Step Two
What We Have Learned All Good Programs Having A Map Is Good Even With A Map And A Guide All The Above Means Nothing Our Good Reason Is Pay Yourself First Have A Financial Plan Hire A Professional Guide Understanding The Process Is A Must Without Money 2 3 4 5 1
Nike
- Just Do It!
Thank You!