Tips on Redfin.com Dec. 5
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  • 1. Tips on Redfin.com December 5, 2012 Burbank, CA Follow: @RedfinLosAngeles Like: http://www.facebook.com/RedfinLosAngelesSlide 1 of 21
  • 2. Agenda ● To buy or not to buy ● Understanding the buying process ● Understanding the Market ● Short sales & bank owned ● Touring ● Break! ● Mortgages ● Redfin as a tool ● Choosing an Agent ● Home inspection and other contingencies ● What to know about closingSlide 2 of 21
  • 3. 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 ● The right home for the right price No obligation Get back a portion of our commission Redfin VideoSlide 3 of 21
  • 4. Redfin as a Tool in Your SearchSlide 4 of 21
  • 5. Redfin = More Information ● 20% more agent listed homes for sale than Zillow and Trulia ● Redfin gets new listings 7-9 days faster ● Nearly 2-5 homes that appear on National portals as active listings actually have already soldSlide 5 of 21
  • 6. Highlights of Redfin’s Site ● Search by zip code or neighborhood ● Search by neighborhood ● Saved searches/instant alerts ● Agent notes ● Download results ● Price your home ● Agent scouting report ● Forums ● Home buying guide ● Home inspection guideSlide 6 of 21
  • 7. Searching on Redfin.com Search by zip code or neighborhood Sign up for instant alerts Download your results to a spreadsheetSlide 7 of 21
  • 8. What Happens After You Find a Home?Slide 8 of 21
  • 9. What to Ask Any Agent ● Is this your full-time job? ● Familiar with foreclosures or short-sales? ● Where were your last five deals? ● Who else will be working with me? ● Will you show me all properties for sale? ● When am I committed to working with you? ● Has a client ever filed a complaint? ● How are you paid?Slide 9 of 21
  • 10. Traditional vs. RedfinSlide 10 of 21
  • 11. Make Sure She’s a Good Fit Click here when you decide See all deals & reviewsSlide 11 of 21
  • 12. Partners in the Process AGENT TOUR 1st Meets with client on tour COORDINATOR Responsible for your success Schedules tours Writes your offer Prepares paperwork Handles negotiations TRANSACTION ASSOCIATE AGENT COORDINATOR Takes you to see homes Prepares paperwork Sees 50+ homes a week Works with escrowSlide 12 of 21
  • 13. TouringSlide 13 of 21
  • 14. Now You are Ready to Tour ● Up to six homes per tour in two hour blocks ● Go on as many tours as you need ● Led by agent or field agent ● Need to be verified ● No obligationSlide 14 of 19
  • 15. Making an OfferSlide 15 of 21
  • 16. Offer WizardSlide 16 of 21
  • 17. After your offer is accepted Important milestone tracker Your to do list Your team of agentsSlide 17 of 21
  • 18. Sequence of a Purchase ● Your agent: ► Researches seller & listing agent ► Prepares a comparative market analysis and discusses ► Writes up your offer ► Submits offer ► Negotiates on your behalf ● Mutual Acceptance ► Earnest money (within 3 days) ► Inspection contingency (5-10 days) ► Title review ► Financing contingency (20-25 days) ► Appraisal ► Waiting for loan approval ► ClosingSlide 18 of 21
  • 19. Redfin RebateSlide 19 of 21
  • 20. So What Now? ● Make sure it’s the right time for you ● Start browsing online ● Check out our Home Buying Guide and Events page ● Find the right agent ● Get pre-approved & look for a lender ● Start seeing homes ● Make an offer & close the dealSlide 20 of 21
  • 21. Thanks for Coming! Please fill out the survey that was handed out at the beginning of class. We appreciate the feedback! Check out our upcoming classes and events at http://www.redfin.com/buy-a-home/classes-and-eventsSlide 21 of 21