Homefinding Guide
An independently owned and operated member of the Prudential Real Estate Affiliates, Inc.
Homefinding Guide
Prepared for:          [Buyers Name]

Prepared by:Matthew M. Smith, Broker-Associate
                   ...
Your Needs Come First
•Finding and buying the right home is a highly personalized
process, and it all begins by identifyin...
Our Professional
Relationship
   An overview of working together.
   •   My commitment to you
   •   Skilled service
   • ...
Agency Relationships
•When real estate professionals work with buyers and sellers,
“agency” relationships are established....
Selecting the Right
       Home
Looking Ahead to the
         Homefinding Process
•The following questions will help identify how finding and
buying a hom...
Defining Your Ideal Home
The property you buy will be much more than a house; it
will be your home. The following question...
How the Process Works
The Homefinding Process
•The homefinding process typically includes many of the following
elements. I will be your resourc...
The Loan Process

For all your lending needs I suggest:
The Loan Process
 A general guide.
 •   Application
 •   Ordering documentation
 •   Awaiting documentation
 •   Loan subm...
Components of a Mortgage
• A monthly mortgage payment can contain several
components:
    • Principal
    * The original b...
Loan Application Checklist
   •The following information is typically needed when applying
    for a mortgage.

     •   P...
Who Pays What?
Who Pays What
    The seller generally pays for:
•    Judgements, liens, etc. against the seller
•    Recording charges
• ...
Who Pays What
    The buyer generally pays for:
•    Title insurance premiums
•    Escrow fee
•    Document preparation
• ...
Evaluating the Condition of
         a Property
Full Disclosure
Protecting all parties in the transaction.
•   Charm or irritant?
•   All systems go
•   “As is”
•   Envir...
The Inspection Process
    The condition of the property.
    •   Termite report
    •   Physical inspection
    •   Geolo...
The Escrow

A neutral third party.
•   A legal procedure for handling the transaction
•   Opened after mutual acceptance o...
Common Forms of
Ownership
    General information.
    •   Tenancy in common
    •   Joint tenancy
    •   Community prope...
The Distinction
 of Prudential
Power in the Name
   •   Reputation
   •   Global Customer Base
   •   Exposure
   •   Recognition
   •   Network Strength...
Resources of our Network
  –   Our reputation
  –   42 offices
  –   1,700 Sales Associates
  –   $3 Billion in Sales Volu...
Your Marketing Professional
My Professional Credentials
• Choosing the right real estate
  representative
  – Experience
      • Full-time Broker-Asso...
Pledge of Performance
Pledge of Performance
My commitment to you.
•   I will always represent your best interest.
•   I will keep in touch with ...
2009 Buyers Presentation Ca
Upcoming SlideShare
Loading in …5
×

2009 Buyers Presentation Ca

245
-1

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
245
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

2009 Buyers Presentation Ca

  1. 1. Homefinding Guide An independently owned and operated member of the Prudential Real Estate Affiliates, Inc.
  2. 2. Homefinding Guide Prepared for: [Buyers Name] Prepared by:Matthew M. Smith, Broker-Associate DRE #01809126 Prudential California Realty 3320 Grand Avenue Oakland, CA 94610 (510) 828-2732 Matthew.Smith@PruRealty.com [Date]
  3. 3. Your Needs Come First •Finding and buying the right home is a highly personalized process, and it all begins by identifying your needs. The values, interests and priorities you want this move to support. The features you are looking for in a home. How a neighborhood can best match your needs and lifestyle. How the homefinding process will need to be tailored to fit your plans. The support you expect to receive from me.
  4. 4. Our Professional Relationship An overview of working together. • My commitment to you • Skilled service • How I am compensated • Your commitment to me
  5. 5. Agency Relationships •When real estate professionals work with buyers and sellers, “agency” relationships are established. There are three kinds of agency relationships: – Buyer’s Agent – Seller’s Agent – Disclosure dual agent •When you agree to have me help you find and purchase a property, I become your “buyer’s agent”, which means I will work for your best interests throughout the entire process. •When an offer is presented, the sellers will have a separate agency relationship with their broker.
  6. 6. Selecting the Right Home
  7. 7. Looking Ahead to the Homefinding Process •The following questions will help identify how finding and buying a home can be an enjoyable experience for you. What is your time frame? Who will be included in the homefinding and buying decisions? Thinking of previous homefinding experiences, what were the most positivefeatures of those experiences? If you have never bought a home before, what are you looking forward to most in the experience? Were there any unpleasant features of your previous homefinding experiences that you hope to avoid this time? If you are buying your first home, are there any problems or concerns you are worried about? What are your expectations of me as your real estate professional? What specific services and support do you expect?
  8. 8. Defining Your Ideal Home The property you buy will be much more than a house; it will be your home. The following questions will help me find your ideal home: How many people will be living in your household? What would you consider a comfortable work commute? What are the most important activities for the members of your household? What is something you disliked about the house or area where you have lived previously? What are one or more features you liked most about homes you have lived in previously? What are the most important “must have” features of your ideal home and neighborhood?
  9. 9. How the Process Works
  10. 10. The Homefinding Process •The homefinding process typically includes many of the following elements. I will be your resource and guide through every step. Initial Consultation Finding the Right Home Obtaining Financing Preparing an Offer Reaching an Agreement with a Seller Completing the Settlement Process
  11. 11. The Loan Process For all your lending needs I suggest:
  12. 12. The Loan Process A general guide. • Application • Ordering documentation • Awaiting documentation • Loan submission • Loan approval (underwriting) • Draw documents • Closing
  13. 13. Components of a Mortgage • A monthly mortgage payment can contain several components: • Principal * The original balance of money loaned. • Interest * The charge for the use (loan) of money. • Property Taxes * The county assessor charges property taxes based on the value of your home. [ Insert property tax due dates for your area.] • Insurance * Protection against loss resulting from certain hazards, such as theft or fire. • Private Mortgage Insurance (PMI) * Loans with smaller down payments involve greater risk for the lender, who requires protection in case the loan goes into foreclosure. Anything less than 20 percent down payment usually requires PMI.
  14. 14. Loan Application Checklist •The following information is typically needed when applying for a mortgage. • Purchase contract and property information • Personal information • Employment history and income • Assets • Liabilities and debts • Credit Report
  15. 15. Who Pays What?
  16. 16. Who Pays What The seller generally pays for: • Judgements, liens, etc. against the seller • Recording charges • Tax pro-ration • Unpaid Homeowner’s dues • Bonds or assessments • Delinquent taxes • Notary fees • Real estate commission • Document preparation fee for Deed • Document transfer and city transfer taxes • Loan fees • Payoff of all loans in seller’s name • Termite inspection and work • Home warranty
  17. 17. Who Pays What The buyer generally pays for: • Title insurance premiums • Escrow fee • Document preparation • Notary fees • Recording charges for all documents in buyer’s name • Tax pro-ration • Homeowner’s transfer fee • New loan charges • Interest on new loan • Assumption fees for takeover of existing loan • Beneficiary statement fee • Inspection fees • Home warranty
  18. 18. Evaluating the Condition of a Property
  19. 19. Full Disclosure Protecting all parties in the transaction. • Charm or irritant? • All systems go • “As is” • Environmental hazards
  20. 20. The Inspection Process The condition of the property. • Termite report • Physical inspection • Geological inspection
  21. 21. The Escrow A neutral third party. • A legal procedure for handling the transaction • Opened after mutual acceptance of the purchase offer • Preliminary title report • Title insurance
  22. 22. Common Forms of Ownership General information. • Tenancy in common • Joint tenancy • Community property
  23. 23. The Distinction of Prudential
  24. 24. Power in the Name • Reputation • Global Customer Base • Exposure • Recognition • Network Strength • High Standards
  25. 25. Resources of our Network – Our reputation – 42 offices – 1,700 Sales Associates – $3 Billion in Sales Volume – Over 6,500 transactions – Intensive in-house training – Fully-staffed Marketing Department
  26. 26. Your Marketing Professional
  27. 27. My Professional Credentials • Choosing the right real estate representative – Experience • Full-time Broker-Associate • MBA, Marketing – Reputation – Personal Service • Above and beyond – Commitment – Customer Satisfaction – Testimonials
  28. 28. Pledge of Performance
  29. 29. Pledge of Performance My commitment to you. • I will always represent your best interest. • I will keep in touch with you regularly. • I will do everything possible to help you find the right home at the best price and terms.
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×