SlideShare a Scribd company logo
1 of 25
Download to read offline
7 Steps To
Finding
Your New
Home
1. Consulting with a real estate agent
2. Getting pre-approved
3. Finding the home
4. Making an offer
5. Negotiating the offer
6. Processing the loan
7. Closing & funding
The 7 Step Home Buying Process
#1. Consulting with a Real Estate Agent
#1. Consulting with an Agent
Understanding Your Expectations
What questions do you
have about working
with an agent to find
your new home?
What are your
expectations of me?
Why Use A Real Estate Agent?
Helps you determine
how much house you
can afford
Provides you with
information about the
market so you can
develop an offer
including the offering
price and other terms
Why Buyer Representation?
Buyer representation exists to
protect you
I will run comps so we can
determine the fair market value of
the home
I will help you determine the
appropriate price
Note: Without a signed Buyers
Representation Agreement -
real estate agents represent the seller.
2. Getting Pre-Approved
A mortgage pre-
approval will determine
how much money you
can borrow for the
purchase of your new
home
Getting A Pre-approval Letter
The process involves:
Calculating your income vs.
debt ratios
Running a credit review
A pre-approval letter will
strengthen your position when
making an offer on a home!
3. Finding The Home
Assessing Your Needs - Lifestyle
How you live will help
determine where you live
What is the driving force
behind this move?
(Job, family, more space,
schools, lifestyle, etc.)
What type of activities do
you enjoy?
Assessing Your Needs –
Your Dream Home
Putting together your wish list
Who will be living in the house?
How much space do you think
you will need?
Other considerations include:
Age of home, lot size, kitchen,
baths, layout, style, condition.
What are three “must have”
features for your new home?
Listing Alerts
I will set you up to receive
“Listing Alerts” so you can
be the first to know when
new homes matching your
criteria come on the market!
4. Making An Offer
How Much To Offer
Making an offer to purchase
involves more than picking a
price
We will review
comparable properties
in the neighborhood
that have sold recently
Negotiable Terms In The Contract
Other negotiable items in the
contract we will discuss include:
Inspections, repairs and
home improvements
Closing costs, points
or home warranty
Closing data and
possession
5. Negotiating The Offer
Once the offer is submitted,
I will work with you in the
negotiations
Inspecting The Property
Home inspections will serve as an
education in the structure and
systems of the property you are
purchasing
The inspector(s) will give you
information regarding condition,
maintenance, lifespan and more
I will help guide you through the
process so you can negotiate repairs
for the property based on the
review of the inspections
Executing The Deal
6. Processing The Loan
Now that you have the seller’s
final approval, we need the
lender’s final approval
Final Financing Approval
For example:
There are no liens on the
house
The house appraised at a
value equal to or greater
than the agreed upon
sales amount
Final approval means all conditions on
the loan have been removed
7. Closing & Funding
Just before settlement, we
will make one last
inspection of the property
to ensure that the home is
in the condition we expect
Making Arrangements For Closing
Homeowners insurance
Home warranty
Certified funds for down
payment & closing costs
Utilities and movers
Welcome Home!
What Is A REALTOR®?
We adhere to a strict code
of ethics and are committed to
treat all parties to a
transaction honestly
REALTOR® business practices
are monitored at local board
levels
LET’S GET STARTED

More Related Content

What's hot

Working With Me
Working With MeWorking With Me
Working With MeMikemjo331
 
Buyer Proposal Generic
Buyer Proposal GenericBuyer Proposal Generic
Buyer Proposal Genericguest43a29b
 
How Do REALTORS® Get Paid?
How Do REALTORS® Get Paid?How Do REALTORS® Get Paid?
How Do REALTORS® Get Paid?Andrew Fortune
 
TX-AGENT-16 05
TX-AGENT-16 05TX-AGENT-16 05
TX-AGENT-16 05alliedccd
 
TX-AGENT-16 06
TX-AGENT-16 06TX-AGENT-16 06
TX-AGENT-16 06alliedccd
 
TX-AGENT-16 01
TX-AGENT-16 01 TX-AGENT-16 01
TX-AGENT-16 01 alliedccd
 
Presentation1 [autosaved] [autosaved]
Presentation1 [autosaved] [autosaved]Presentation1 [autosaved] [autosaved]
Presentation1 [autosaved] [autosaved]Ihssane HANZAZ
 
The Residential Purchase Process
The Residential Purchase ProcessThe Residential Purchase Process
The Residential Purchase ProcessNash Law Firm PLLC
 
Fort Wayne home buyer presentation
Fort Wayne home buyer presentationFort Wayne home buyer presentation
Fort Wayne home buyer presentationKim Ward
 
TX-AGENT-16 12
TX-AGENT-16 12TX-AGENT-16 12
TX-AGENT-16 12alliedccd
 
Scottsdale real estate brokers
Scottsdale real estate brokersScottsdale real estate brokers
Scottsdale real estate brokersostermanrealestate
 
Delaney Buyer Packet
Delaney Buyer PacketDelaney Buyer Packet
Delaney Buyer PacketDavid Delaney
 
TX-AGENT-16 04
TX-AGENT-16 04TX-AGENT-16 04
TX-AGENT-16 04alliedccd
 
Factors to be Consider Before Purchasing a Home
Factors to be Consider Before Purchasing a HomeFactors to be Consider Before Purchasing a Home
Factors to be Consider Before Purchasing a HomeLinda A. Gary Real Estate
 
Making an offer on the perfect winnipeg home
Making an offer on the perfect winnipeg homeMaking an offer on the perfect winnipeg home
Making an offer on the perfect winnipeg homeBrian Bernacki
 
TX-AGENT-16 07
TX-AGENT-16 07TX-AGENT-16 07
TX-AGENT-16 07alliedccd
 
5 things to consider if you are becoming a landlord
5 things to consider if you are becoming a landlord5 things to consider if you are becoming a landlord
5 things to consider if you are becoming a landlordThe Real Estate CONNECT
 

What's hot (20)

Working With Me
Working With MeWorking With Me
Working With Me
 
Buyer Proposal Generic
Buyer Proposal GenericBuyer Proposal Generic
Buyer Proposal Generic
 
How Do REALTORS® Get Paid?
How Do REALTORS® Get Paid?How Do REALTORS® Get Paid?
How Do REALTORS® Get Paid?
 
TX-AGENT-16 05
TX-AGENT-16 05TX-AGENT-16 05
TX-AGENT-16 05
 
Buyer Presentation
Buyer PresentationBuyer Presentation
Buyer Presentation
 
Buyer's Presentation
Buyer's PresentationBuyer's Presentation
Buyer's Presentation
 
TX-AGENT-16 06
TX-AGENT-16 06TX-AGENT-16 06
TX-AGENT-16 06
 
Buyer's Presentation
Buyer's PresentationBuyer's Presentation
Buyer's Presentation
 
TX-AGENT-16 01
TX-AGENT-16 01 TX-AGENT-16 01
TX-AGENT-16 01
 
Presentation1 [autosaved] [autosaved]
Presentation1 [autosaved] [autosaved]Presentation1 [autosaved] [autosaved]
Presentation1 [autosaved] [autosaved]
 
The Residential Purchase Process
The Residential Purchase ProcessThe Residential Purchase Process
The Residential Purchase Process
 
Fort Wayne home buyer presentation
Fort Wayne home buyer presentationFort Wayne home buyer presentation
Fort Wayne home buyer presentation
 
TX-AGENT-16 12
TX-AGENT-16 12TX-AGENT-16 12
TX-AGENT-16 12
 
Scottsdale real estate brokers
Scottsdale real estate brokersScottsdale real estate brokers
Scottsdale real estate brokers
 
Delaney Buyer Packet
Delaney Buyer PacketDelaney Buyer Packet
Delaney Buyer Packet
 
TX-AGENT-16 04
TX-AGENT-16 04TX-AGENT-16 04
TX-AGENT-16 04
 
Factors to be Consider Before Purchasing a Home
Factors to be Consider Before Purchasing a HomeFactors to be Consider Before Purchasing a Home
Factors to be Consider Before Purchasing a Home
 
Making an offer on the perfect winnipeg home
Making an offer on the perfect winnipeg homeMaking an offer on the perfect winnipeg home
Making an offer on the perfect winnipeg home
 
TX-AGENT-16 07
TX-AGENT-16 07TX-AGENT-16 07
TX-AGENT-16 07
 
5 things to consider if you are becoming a landlord
5 things to consider if you are becoming a landlord5 things to consider if you are becoming a landlord
5 things to consider if you are becoming a landlord
 

Viewers also liked

CIFOR’s contribution to ASFCC: Results from Phase 1 and Plan of work for Phase 2
CIFOR’s contribution to ASFCC: Results from Phase 1 and Plan of work for Phase 2CIFOR’s contribution to ASFCC: Results from Phase 1 and Plan of work for Phase 2
CIFOR’s contribution to ASFCC: Results from Phase 1 and Plan of work for Phase 2CIFOR-ICRAF
 
UNDER THE SEA 5
UNDER THE SEA 5 UNDER THE SEA 5
UNDER THE SEA 5 Judy 1028
 
Under the sea. Power point.
Under the sea. Power point.Under the sea. Power point.
Under the sea. Power point.Paquiunir
 
Under the sea
Under the seaUnder the sea
Under the seajoseklo
 
Parts of the fish
Parts of the fishParts of the fish
Parts of the fishjoseklo
 
10 Steps for Great Brainstorming
10 Steps for Great Brainstorming10 Steps for Great Brainstorming
10 Steps for Great BrainstormingLive Marketing
 
100 images for visual brainstorming
100 images for visual brainstorming100 images for visual brainstorming
100 images for visual brainstormingMarc Heleven
 

Viewers also liked (8)

CIFOR’s contribution to ASFCC: Results from Phase 1 and Plan of work for Phase 2
CIFOR’s contribution to ASFCC: Results from Phase 1 and Plan of work for Phase 2CIFOR’s contribution to ASFCC: Results from Phase 1 and Plan of work for Phase 2
CIFOR’s contribution to ASFCC: Results from Phase 1 and Plan of work for Phase 2
 
UNDER THE SEA 5
UNDER THE SEA 5 UNDER THE SEA 5
UNDER THE SEA 5
 
Under the sea. Power point.
Under the sea. Power point.Under the sea. Power point.
Under the sea. Power point.
 
Under the sea
Under the seaUnder the sea
Under the sea
 
Parts of the fish
Parts of the fishParts of the fish
Parts of the fish
 
10 Steps for Great Brainstorming
10 Steps for Great Brainstorming10 Steps for Great Brainstorming
10 Steps for Great Brainstorming
 
100 images for visual brainstorming
100 images for visual brainstorming100 images for visual brainstorming
100 images for visual brainstorming
 
Brainstorming
Brainstorming Brainstorming
Brainstorming
 

Similar to 7 Steps to Finding A New Home

Buyerconsultationpresentationhorizontal gg-130122224100-phpapp02 (1)
Buyerconsultationpresentationhorizontal gg-130122224100-phpapp02 (1)Buyerconsultationpresentationhorizontal gg-130122224100-phpapp02 (1)
Buyerconsultationpresentationhorizontal gg-130122224100-phpapp02 (1)Karen Rieder-Clements
 
Buyer consultation presentation horizontal
Buyer consultation presentation horizontalBuyer consultation presentation horizontal
Buyer consultation presentation horizontalCynthia1961
 
Finding your new home slideshow
Finding your new home slideshowFinding your new home slideshow
Finding your new home slideshowCallie Smith
 
Buyer presentation
Buyer presentation  Buyer presentation
Buyer presentation Katie Dixon
 
Buyer presentation
Buyer presentation  Buyer presentation
Buyer presentation Katie Dixon
 
160308B ASPIRE Buyers Guide - Revised
160308B ASPIRE Buyers Guide - Revised160308B ASPIRE Buyers Guide - Revised
160308B ASPIRE Buyers Guide - RevisedJosie Boyter
 
Home buyer consultation[1]
Home buyer consultation[1]Home buyer consultation[1]
Home buyer consultation[1]ttelderer
 
Buyer presentation
Buyer presentation  Buyer presentation
Buyer presentation Katie Dixon
 
Your Home Buying Guide
Your Home Buying GuideYour Home Buying Guide
Your Home Buying Guidewendyavelar
 
160308B ASPIRE Sellers Guide - Revised
160308B ASPIRE Sellers Guide - Revised160308B ASPIRE Sellers Guide - Revised
160308B ASPIRE Sellers Guide - RevisedJosie Boyter
 
New Home Buyer's Quick Start Guide
New Home Buyer's Quick Start GuideNew Home Buyer's Quick Start Guide
New Home Buyer's Quick Start GuideAllan Hudson
 
Buyer Your Home
Buyer Your HomeBuyer Your Home
Buyer Your Homejzryder
 
Tracey Taylor Real Estate Buyer Presentation
Tracey Taylor Real Estate Buyer Presentation Tracey Taylor Real Estate Buyer Presentation
Tracey Taylor Real Estate Buyer Presentation Traceytaylor
 
Buyer Consultation Rd3
Buyer Consultation Rd3Buyer Consultation Rd3
Buyer Consultation Rd3barbpowell
 
Home Buyers Seminar
Home Buyers SeminarHome Buyers Seminar
Home Buyers Seminarguest0175c9
 

Similar to 7 Steps to Finding A New Home (20)

FINDING YOUR NEW HOME
FINDING YOUR NEW HOMEFINDING YOUR NEW HOME
FINDING YOUR NEW HOME
 
Buyerconsultationpresentationhorizontal gg-130122224100-phpapp02 (1)
Buyerconsultationpresentationhorizontal gg-130122224100-phpapp02 (1)Buyerconsultationpresentationhorizontal gg-130122224100-phpapp02 (1)
Buyerconsultationpresentationhorizontal gg-130122224100-phpapp02 (1)
 
Buyer consultation presentation horizontal
Buyer consultation presentation horizontalBuyer consultation presentation horizontal
Buyer consultation presentation horizontal
 
Finding yourhome
Finding yourhomeFinding yourhome
Finding yourhome
 
Finding your new home slideshow
Finding your new home slideshowFinding your new home slideshow
Finding your new home slideshow
 
Buyer presentation
Buyer presentation  Buyer presentation
Buyer presentation
 
Buyer presentation
Buyer presentation  Buyer presentation
Buyer presentation
 
Buyer Services
Buyer ServicesBuyer Services
Buyer Services
 
160308B ASPIRE Buyers Guide - Revised
160308B ASPIRE Buyers Guide - Revised160308B ASPIRE Buyers Guide - Revised
160308B ASPIRE Buyers Guide - Revised
 
Home buyer consultation[1]
Home buyer consultation[1]Home buyer consultation[1]
Home buyer consultation[1]
 
Buyer's Real Estate Roadmap
Buyer's Real Estate RoadmapBuyer's Real Estate Roadmap
Buyer's Real Estate Roadmap
 
Buyer presentation
Buyer presentation  Buyer presentation
Buyer presentation
 
Your Home Buying Guide
Your Home Buying GuideYour Home Buying Guide
Your Home Buying Guide
 
160308B ASPIRE Sellers Guide - Revised
160308B ASPIRE Sellers Guide - Revised160308B ASPIRE Sellers Guide - Revised
160308B ASPIRE Sellers Guide - Revised
 
New Home Buyer's Quick Start Guide
New Home Buyer's Quick Start GuideNew Home Buyer's Quick Start Guide
New Home Buyer's Quick Start Guide
 
Buyer Your Home
Buyer Your HomeBuyer Your Home
Buyer Your Home
 
Tracey Taylor Real Estate Buyer Presentation
Tracey Taylor Real Estate Buyer Presentation Tracey Taylor Real Estate Buyer Presentation
Tracey Taylor Real Estate Buyer Presentation
 
Joyce & chris hanson buyers consultation
Joyce & chris hanson buyers consultationJoyce & chris hanson buyers consultation
Joyce & chris hanson buyers consultation
 
Buyer Consultation Rd3
Buyer Consultation Rd3Buyer Consultation Rd3
Buyer Consultation Rd3
 
Home Buyers Seminar
Home Buyers SeminarHome Buyers Seminar
Home Buyers Seminar
 

More from Better Homes and Gardens Real Estate Gary Greene (8)

Why list with Gary Greene
Why list with Gary GreeneWhy list with Gary Greene
Why list with Gary Greene
 
Marketing for the Holidays
Marketing for the HolidaysMarketing for the Holidays
Marketing for the Holidays
 
EZ To Do - Power Flyers from BHGRE Gary Greene
EZ To Do - Power Flyers from BHGRE Gary GreeneEZ To Do - Power Flyers from BHGRE Gary Greene
EZ To Do - Power Flyers from BHGRE Gary Greene
 
Organizing Contacts in Outlook
Organizing Contacts in OutlookOrganizing Contacts in Outlook
Organizing Contacts in Outlook
 
BHGRE Gary Greene Home Marketing Strategies
BHGRE Gary Greene Home Marketing StrategiesBHGRE Gary Greene Home Marketing Strategies
BHGRE Gary Greene Home Marketing Strategies
 
SELL MY HOME
SELL MY HOMESELL MY HOME
SELL MY HOME
 
Absorption rates
Absorption ratesAbsorption rates
Absorption rates
 
Creating mailing labels from outlook contacts
Creating mailing labels from outlook contactsCreating mailing labels from outlook contacts
Creating mailing labels from outlook contacts
 

Recently uploaded

Joyville Hadapsar Annexe Pune Plots Brochure.pdf
Joyville Hadapsar Annexe Pune Plots Brochure.pdfJoyville Hadapsar Annexe Pune Plots Brochure.pdf
Joyville Hadapsar Annexe Pune Plots Brochure.pdfsabhyara24
 
Listing Turkey - Marmarin Elite Beylikduzu Presentation
Listing Turkey - Marmarin Elite Beylikduzu PresentationListing Turkey - Marmarin Elite Beylikduzu Presentation
Listing Turkey - Marmarin Elite Beylikduzu PresentationListing Turkey
 
Valagere Kallahalli- Survey Number 136/6
Valagere Kallahalli- Survey Number 136/6Valagere Kallahalli- Survey Number 136/6
Valagere Kallahalli- Survey Number 136/6revenuekeys
 
Shapoorji Joyville Celestia Pune Brochure.pdf
Shapoorji Joyville Celestia Pune Brochure.pdfShapoorji Joyville Celestia Pune Brochure.pdf
Shapoorji Joyville Celestia Pune Brochure.pdfabbu831446
 
Tiny House New Model Akçay 2+1 - 9 Metre
Tiny House New Model Akçay 2+1 - 9 MetreTiny House New Model Akçay 2+1 - 9 Metre
Tiny House New Model Akçay 2+1 - 9 MetreHA Tiny House
 
Listing Turkey - ALA SAKILIBAHCE USKUDAR_CATALOG.pdf
Listing Turkey - ALA SAKILIBAHCE USKUDAR_CATALOG.pdfListing Turkey - ALA SAKILIBAHCE USKUDAR_CATALOG.pdf
Listing Turkey - ALA SAKILIBAHCE USKUDAR_CATALOG.pdfListing Turkey
 
Sy No- 339- 340/1- 340/2 | RERA - Notice
Sy No- 339- 340/1- 340/2 | RERA - NoticeSy No- 339- 340/1- 340/2 | RERA - Notice
Sy No- 339- 340/1- 340/2 | RERA - Noticerevenuekeys
 
M3M Sector 105 In Noida | Discover the extraordinary
M3M Sector 105  In Noida | Discover the extraordinaryM3M Sector 105  In Noida | Discover the extraordinary
M3M Sector 105 In Noida | Discover the extraordinarybhattrishabh270
 
Mahindra Happinest Tathawade Phase 3 In Pune - PDF.pdf
Mahindra Happinest Tathawade Phase 3 In Pune - PDF.pdfMahindra Happinest Tathawade Phase 3 In Pune - PDF.pdf
Mahindra Happinest Tathawade Phase 3 In Pune - PDF.pdfmonikasharma630
 
Listing Turkey - Ala Camlica 2 Uskudar Catalog
Listing Turkey - Ala Camlica 2 Uskudar CatalogListing Turkey - Ala Camlica 2 Uskudar Catalog
Listing Turkey - Ala Camlica 2 Uskudar CatalogListing Turkey
 
Puraniks Fiorente Premium Residencies Brochure
Puraniks Fiorente Premium Residencies BrochurePuraniks Fiorente Premium Residencies Brochure
Puraniks Fiorente Premium Residencies Brochuresabhyara24
 
Listing Turkey - Basakport Basaksehir Istanbul
Listing Turkey - Basakport Basaksehir IstanbulListing Turkey - Basakport Basaksehir Istanbul
Listing Turkey - Basakport Basaksehir IstanbulListing Turkey
 
Kirti Pine Woods Kondhwa Pune E-Brochure .pdf
Kirti Pine Woods Kondhwa Pune E-Brochure .pdfKirti Pine Woods Kondhwa Pune E-Brochure .pdf
Kirti Pine Woods Kondhwa Pune E-Brochure .pdfManishSaxena95
 
Portico By Wanson Group Floor Plans 2024
Portico By Wanson Group Floor Plans 2024Portico By Wanson Group Floor Plans 2024
Portico By Wanson Group Floor Plans 2024VickyAulakh1
 
SVN Live 3.18.24 Weekly Property Broadcast
SVN Live 3.18.24 Weekly Property BroadcastSVN Live 3.18.24 Weekly Property Broadcast
SVN Live 3.18.24 Weekly Property BroadcastSVN International Corp.
 
Godrej Kalyani Nagar Pune E- Brochure.pdf
Godrej Kalyani Nagar Pune E- Brochure.pdfGodrej Kalyani Nagar Pune E- Brochure.pdf
Godrej Kalyani Nagar Pune E- Brochure.pdfabbu831446
 
Omaxe Bus Stand in Ayodhya | Space Of The Concessionaire
Omaxe Bus Stand  in Ayodhya | Space Of The ConcessionaireOmaxe Bus Stand  in Ayodhya | Space Of The Concessionaire
Omaxe Bus Stand in Ayodhya | Space Of The Concessionairebhattrishabh270
 
6 Financial Considerations When Selling Your House Fast in Cedar Hill.pdf
6 Financial Considerations When Selling Your House Fast in Cedar Hill.pdf6 Financial Considerations When Selling Your House Fast in Cedar Hill.pdf
6 Financial Considerations When Selling Your House Fast in Cedar Hill.pdfFIVE STAR PROPERTIES
 
Listing Turkey Presentation Marmarin Beylikduzu
Listing Turkey Presentation Marmarin BeylikduzuListing Turkey Presentation Marmarin Beylikduzu
Listing Turkey Presentation Marmarin BeylikduzuListing Turkey
 
The Leos Residence Besiktas Gayrattepe Listing Turkey
The Leos Residence Besiktas Gayrattepe Listing TurkeyThe Leos Residence Besiktas Gayrattepe Listing Turkey
The Leos Residence Besiktas Gayrattepe Listing TurkeyListing Turkey
 

Recently uploaded (20)

Joyville Hadapsar Annexe Pune Plots Brochure.pdf
Joyville Hadapsar Annexe Pune Plots Brochure.pdfJoyville Hadapsar Annexe Pune Plots Brochure.pdf
Joyville Hadapsar Annexe Pune Plots Brochure.pdf
 
Listing Turkey - Marmarin Elite Beylikduzu Presentation
Listing Turkey - Marmarin Elite Beylikduzu PresentationListing Turkey - Marmarin Elite Beylikduzu Presentation
Listing Turkey - Marmarin Elite Beylikduzu Presentation
 
Valagere Kallahalli- Survey Number 136/6
Valagere Kallahalli- Survey Number 136/6Valagere Kallahalli- Survey Number 136/6
Valagere Kallahalli- Survey Number 136/6
 
Shapoorji Joyville Celestia Pune Brochure.pdf
Shapoorji Joyville Celestia Pune Brochure.pdfShapoorji Joyville Celestia Pune Brochure.pdf
Shapoorji Joyville Celestia Pune Brochure.pdf
 
Tiny House New Model Akçay 2+1 - 9 Metre
Tiny House New Model Akçay 2+1 - 9 MetreTiny House New Model Akçay 2+1 - 9 Metre
Tiny House New Model Akçay 2+1 - 9 Metre
 
Listing Turkey - ALA SAKILIBAHCE USKUDAR_CATALOG.pdf
Listing Turkey - ALA SAKILIBAHCE USKUDAR_CATALOG.pdfListing Turkey - ALA SAKILIBAHCE USKUDAR_CATALOG.pdf
Listing Turkey - ALA SAKILIBAHCE USKUDAR_CATALOG.pdf
 
Sy No- 339- 340/1- 340/2 | RERA - Notice
Sy No- 339- 340/1- 340/2 | RERA - NoticeSy No- 339- 340/1- 340/2 | RERA - Notice
Sy No- 339- 340/1- 340/2 | RERA - Notice
 
M3M Sector 105 In Noida | Discover the extraordinary
M3M Sector 105  In Noida | Discover the extraordinaryM3M Sector 105  In Noida | Discover the extraordinary
M3M Sector 105 In Noida | Discover the extraordinary
 
Mahindra Happinest Tathawade Phase 3 In Pune - PDF.pdf
Mahindra Happinest Tathawade Phase 3 In Pune - PDF.pdfMahindra Happinest Tathawade Phase 3 In Pune - PDF.pdf
Mahindra Happinest Tathawade Phase 3 In Pune - PDF.pdf
 
Listing Turkey - Ala Camlica 2 Uskudar Catalog
Listing Turkey - Ala Camlica 2 Uskudar CatalogListing Turkey - Ala Camlica 2 Uskudar Catalog
Listing Turkey - Ala Camlica 2 Uskudar Catalog
 
Puraniks Fiorente Premium Residencies Brochure
Puraniks Fiorente Premium Residencies BrochurePuraniks Fiorente Premium Residencies Brochure
Puraniks Fiorente Premium Residencies Brochure
 
Listing Turkey - Basakport Basaksehir Istanbul
Listing Turkey - Basakport Basaksehir IstanbulListing Turkey - Basakport Basaksehir Istanbul
Listing Turkey - Basakport Basaksehir Istanbul
 
Kirti Pine Woods Kondhwa Pune E-Brochure .pdf
Kirti Pine Woods Kondhwa Pune E-Brochure .pdfKirti Pine Woods Kondhwa Pune E-Brochure .pdf
Kirti Pine Woods Kondhwa Pune E-Brochure .pdf
 
Portico By Wanson Group Floor Plans 2024
Portico By Wanson Group Floor Plans 2024Portico By Wanson Group Floor Plans 2024
Portico By Wanson Group Floor Plans 2024
 
SVN Live 3.18.24 Weekly Property Broadcast
SVN Live 3.18.24 Weekly Property BroadcastSVN Live 3.18.24 Weekly Property Broadcast
SVN Live 3.18.24 Weekly Property Broadcast
 
Godrej Kalyani Nagar Pune E- Brochure.pdf
Godrej Kalyani Nagar Pune E- Brochure.pdfGodrej Kalyani Nagar Pune E- Brochure.pdf
Godrej Kalyani Nagar Pune E- Brochure.pdf
 
Omaxe Bus Stand in Ayodhya | Space Of The Concessionaire
Omaxe Bus Stand  in Ayodhya | Space Of The ConcessionaireOmaxe Bus Stand  in Ayodhya | Space Of The Concessionaire
Omaxe Bus Stand in Ayodhya | Space Of The Concessionaire
 
6 Financial Considerations When Selling Your House Fast in Cedar Hill.pdf
6 Financial Considerations When Selling Your House Fast in Cedar Hill.pdf6 Financial Considerations When Selling Your House Fast in Cedar Hill.pdf
6 Financial Considerations When Selling Your House Fast in Cedar Hill.pdf
 
Listing Turkey Presentation Marmarin Beylikduzu
Listing Turkey Presentation Marmarin BeylikduzuListing Turkey Presentation Marmarin Beylikduzu
Listing Turkey Presentation Marmarin Beylikduzu
 
The Leos Residence Besiktas Gayrattepe Listing Turkey
The Leos Residence Besiktas Gayrattepe Listing TurkeyThe Leos Residence Besiktas Gayrattepe Listing Turkey
The Leos Residence Besiktas Gayrattepe Listing Turkey
 

7 Steps to Finding A New Home

  • 2. 1. Consulting with a real estate agent 2. Getting pre-approved 3. Finding the home 4. Making an offer 5. Negotiating the offer 6. Processing the loan 7. Closing & funding The 7 Step Home Buying Process
  • 3. #1. Consulting with a Real Estate Agent #1. Consulting with an Agent
  • 4. Understanding Your Expectations What questions do you have about working with an agent to find your new home? What are your expectations of me?
  • 5. Why Use A Real Estate Agent? Helps you determine how much house you can afford Provides you with information about the market so you can develop an offer including the offering price and other terms
  • 6. Why Buyer Representation? Buyer representation exists to protect you I will run comps so we can determine the fair market value of the home I will help you determine the appropriate price Note: Without a signed Buyers Representation Agreement - real estate agents represent the seller.
  • 7. 2. Getting Pre-Approved A mortgage pre- approval will determine how much money you can borrow for the purchase of your new home
  • 8. Getting A Pre-approval Letter The process involves: Calculating your income vs. debt ratios Running a credit review A pre-approval letter will strengthen your position when making an offer on a home!
  • 10. Assessing Your Needs - Lifestyle How you live will help determine where you live What is the driving force behind this move? (Job, family, more space, schools, lifestyle, etc.) What type of activities do you enjoy?
  • 11. Assessing Your Needs – Your Dream Home Putting together your wish list Who will be living in the house? How much space do you think you will need? Other considerations include: Age of home, lot size, kitchen, baths, layout, style, condition. What are three “must have” features for your new home?
  • 12. Listing Alerts I will set you up to receive “Listing Alerts” so you can be the first to know when new homes matching your criteria come on the market!
  • 13. 4. Making An Offer
  • 14. How Much To Offer Making an offer to purchase involves more than picking a price We will review comparable properties in the neighborhood that have sold recently
  • 15. Negotiable Terms In The Contract Other negotiable items in the contract we will discuss include: Inspections, repairs and home improvements Closing costs, points or home warranty Closing data and possession
  • 16. 5. Negotiating The Offer Once the offer is submitted, I will work with you in the negotiations
  • 17. Inspecting The Property Home inspections will serve as an education in the structure and systems of the property you are purchasing The inspector(s) will give you information regarding condition, maintenance, lifespan and more I will help guide you through the process so you can negotiate repairs for the property based on the review of the inspections
  • 19. 6. Processing The Loan Now that you have the seller’s final approval, we need the lender’s final approval
  • 20. Final Financing Approval For example: There are no liens on the house The house appraised at a value equal to or greater than the agreed upon sales amount Final approval means all conditions on the loan have been removed
  • 21. 7. Closing & Funding Just before settlement, we will make one last inspection of the property to ensure that the home is in the condition we expect
  • 22. Making Arrangements For Closing Homeowners insurance Home warranty Certified funds for down payment & closing costs Utilities and movers
  • 24. What Is A REALTOR®? We adhere to a strict code of ethics and are committed to treat all parties to a transaction honestly REALTOR® business practices are monitored at local board levels

Editor's Notes

  1. Finally, once your offer is accepted, I can help you understand the inspection process and financing options.Note: if you are a REALTOR® please change “real estate agent” to “REALTOR®”
  2. Many homebuyers think that buying a home consists of looking for a house and buying it. In reality, The path to homeownership is comprised of seven different steps.
  3. The first step is to consult with a real estate agent. I can represent you as a buyer’s agent. I will be your guide throughout the process and help you navigate your way to the home of your dreams with ease. Note: if you are a REALTOR® please change “real estate agent” to “REALTOR®” in the header
  4. I am excited to help you find a home, but first I want to hear about your concerns and your expectation of me.
  5. There are several reason why working with a real estate agent is beneficial to you. First, I can help you determine how much you can afford. This is a critical step in the process and will help us better determine and prioritize your wants and needs for your new home.
  6. It is important for you to get representation from a Buyers Agency to help you in the purchase of your home and help you get the best possible price for it. Without this formal representation, an agentsfiduciary duty is to the seller – and the agent would have to negotiate the highest and best price for them. I would like to represent you in the purchase of your home. When we are finished today, I have a form for you to sign. There is no cost to you as I will get paid upon closing and the fee is built into the seller’s closing costs. Have the agency form and disclosures on hand – go over the forms and sign electronically when possible. Be open with your consumers and explain how you get paid in the transaction. Your agency forms and disclosures protect you too!Note to Sales Associate – adjust comments to your model
  7. Getting a pre-approval will also give you any “heads up” in case there are some credit issues or anything else in the way of you getting a loan on the house you want. You can talk with more than one lender. Getting a pre-approval letter is not an obligation for a loan. But when we do find the house you want and go to make an offer, it shows the seller that you are qualified and can “close the deal”. This puts you in a much stronger position with other offers where they may not know if the buyer can even qualify for a home in that price range.I’d be happy to refer you to three lenders in the area so that you can learn more about what they have to offer and get pre-approved. [If the buyer is already working with a lender and you will be representing them, ask for the lender’s contact information]Excellent. That pre-approval will allow you to search for your dream home knowing exactly how much you can afford and will really put you in the driver’s seat when we write the offer.
  8. Now the fun part of the journey begins – finding the home! I have been a real estate (or REALTOR®) in this market for X years, and I understand everything that is happening with market trends and pricing. So once we find the home of your dreams I will be able to help advise you on how to bid on homes. I also have great connections within the area and with other agents, so I will be able to bring new homes to you as they hit the market.
  9. According to a Better Homes and Gardens Real Estate survey, 1 in 5 homeowners have moved or would like to move because their community doesn’t fit their lifestyle. That’s why it is important that we think through all of your choices. I would like to hear about you and the kind of lifestyle you lead – so tell me about YOU! How you live will help us determine where you live.
  10. Now let’s talk about your dream home. Your home search parameters will change over time as you begin to take a closer look at properties and explore possible neighborhoods. ..but let’s start with your “wish list” first. Along the way, we will talk about Needs vs. Wants.Get answers to questions on slide.Now that I have your input, we can start to look for homes that meet your needs. After you have the pre-approval letter, I will set up appointments for us to view the homes together. As we go through each property, we’ll talk about the condition, your likes and dislikes and determine what is right for you. If you want to do some research yourself in the meantime, go to bhgrealestate.com. This site has a lot of tools for searching for homes. If you do venture off onto other websites, please feel free to contact me directly to view the homes. Email me the ones you are interested in, and I will make the appointments for you. I can show you any homes listed in the MLS by any other agent, as well as new construction and For Sale By Owner. We can evaluate all of the properties together.
  11. I will be glad to set you up to receive emails with “Listing Alerts” so you can be auto-notified of new homes as they come on the market, and any price or status changes of homes matching that criteria. This helps put you in the driver’s seat of being one of “the first to know” and get a jump on other buyers looking in the same area.
  12. Once we find the right home – it will be time to make an offer on the home!
  13. We will be sure to compare it to recent sales in the area so that you can be comfortable with your offering price. Every offer we make will be in writing and I will work to make sure you understand the terms every step of the way. Remember, without Buyers Agency representation, I would represent the seller and not be able to show you comps listed below the list price of the home.
  14. Included in the offer will be other items that can also be negotiated – such as repairs, closing costs and date of possession.
  15. I will submit the offer to the listing agent – and will negotiate in your behalf.
  16. You will be responsible for contacting an inspector and deciding which inspections you want done and when. This will all be a part of the contract, and I will also help with those negotiations as needed. There is something called an Option Period, and Iwill tell you more about that when we write an offer. (WHY BRING THIS UP UNLESS THERE IS AN EXPLANATION?
  17. Negotiations have ended when both parties have signed, inspections have been completed and the option period is over .
  18. Then the paperwork begins. Now that you have the seller’s final approval, we need your lender’s final approval.
  19. Final approval from your lender can be tricky. It is critical to complete and submit paperwork quickly to ensure a mortgage commitment by the date specified in our agreement of sale. We will both need to stay in close touch with your loan officer to make sure everything is moving along as it should. What we will want to hear is that (1) You have been approved. Any contingencies in the pre-approval process have been satisfied and removed. (2) The title is clear and free. There are no liens on the house and (3) the house appraised at a value equal to or greater than the agree upon sales amount.
  20. Just before closing, we will do a final walk through of the house and make sure the house is still in the condition we expected. If there are items in the contract – such as certain light fixtures that were supposed to stay – we will make sure they are there. We will make sure there have not been any damages on the property, etc.
  21. You will be given a more detailed list of things you will need to do to get ready for closing… but in the meantime, you will want to start making arrangements for Homeowners Insurance as soon as possible. Soon you will be given the amount of certified funds needed for closing. Those 2 items are a must for closing. Other details you may want to remember are arrangements for utilities , movers, school records, etc. There are a lot of details….and I will be there to help you along the way! We will take care of them as they come.
  22. Then the fun part begins. At the closing table, you will get keys to your new home and start to move in! As you can see, there will be a lot of things happening along the way…………… so let’s get started! Nothing pleases me more than to see the look on your face when you have “Found the right one” and it becomes yours! That is why I am a real estate agent!Note: if you are a REALTOR® please change “real estate agent” to “REALTOR®”.
  23. Not all sales professional are licensed as REALTORS®. Only real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. REALTORS® subscribe to a strict code of ethics . Iam a REALTOR® and I take this designation very seriously. NOTE: ONLY INCLUDE THIS SLIDE IN YOUR PRESENTATION IF YOU ARE A REALTOR®
  24. I want to earn your business and build a lifetime relationship. You can call me anytime should you, or any of your friends have any questions about real estate!