Redfin Dream Team Class - Kirkland, WA

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  • 1. How to Win your Dream Home Presented by: Redfin Redmond-Kirkland Team Bellevue, WA August 5, 2014 Facilitator: Paul Siemering Panelists: KC Brants @Redfin facebook.com/Redfin
  • 2. Redfin Agents KC Brants Redmond-Kirkland Team Lead Paul Siemering Redmond-Kirkland Senior Agent
  • 3. Redfin Recommended
  • 4. Agenda ● Overview of the process ● It’s a jungle out there! Why all the multiple offers?! ● Preparing to Buy ● Assembling the Team ● Identifying the Property ● Preparing the Winning Offer ● Q&A
  • 5. A Little Bit About Who We Are Redfin is a real estate brokerage that has helped over 20,000 people buy or sell a home; 97% would refer us to a friend. ● Customers, not commissions ● Informed decisions ● Right home for the right price  No obligation  Commission credit
  • 6. Overview of a Purchase Research Neighborhoods Real Estate Agents Mortgage Options Preapproval Consider your needs Search Define Preferences Saved Search Home Tours Open Houses Offer Comparables Draft Offer Docs Negotiate Mutual Acceptance Closing Earnest Money Inspection Loan application Title Review Appraisal Financing Approval Closing
  • 7. Why all the Multiple Offers?
  • 8. Redmond/Kirkland Area Overview
  • 9. Supply and Demand ● Redmond Inventory
  • 10. Supply and Demand ● Kirkland Inventory
  • 11. Supply and Demand ● Redmond Cost Per Sq/ft
  • 12. Supply and Demand ● Kirkland cost per Sq/Ft
  • 13. Bidding Wars ● Deadlines set to accept and review offers ● Number of offers can range from 10-44 ● Investors ● Waived inspections and other contingencies
  • 14. Bidding Wars ● Percent of Offers That Faced Competition: ► 90 days to cure data ● What Percent of Winning Offers…. ► 90 days to cure data Market March 2014 Feb. 2014 March 2013 % of Homes Sold over asking Average Sale-to- List Difference Seattle 62.1% 60.8% 71.9% 41.9% O% Market All Cash Waived Financing Waived Inspection Waived Pre-Inspection Cover Letter Seattle 14.0% 11.6% 23.3% 23.3% 37.2%
  • 15. Putting Together Your Team!
  • 16. Redfin Agent ● Paul – please add here
  • 17. Associate Agents / Redfin Team ● Redfin works as a team! ● Associate Agents (AA) are here to get you out on tour fast!! ● AA’s typically go on 60-100 tours a week!
  • 18. Mortgage Lenders ● Underwriting ● Pre-approval letter ● Proof of funds ● Local Lenders!!
  • 19. Inspector ● Pre-Inspections vs. Regular Inspection ● What does an inspector look for?
  • 20. The Offer
  • 21. All Done!
  • 22. So What Now? ● Make sure it’s the right time for you ● Start browsing online ● Check out our Home Buying Guide ● Find the right agent ● Look for a local lender and get pre-approved ● Start seeing homes in person ● Make an offer & close the deal
  • 23. Future Events!
  • 24. Thanks for Coming! Questions? Get in touch: KC Brants – kc.brants@redfin.com Paul Siemering – paul.siemering@redfin.com Matt Allen – matt.allen@cobaltmortgage.com Farren West – farren@keyinspectionservices.com Check out our upcoming classes: http://www.redfin.com/buy-a-home/classes-and-events