Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
My Home, My Investment Darouny (D) Kommany Residential & Commercial Specialist The Kommany Group, LLC 601-454-5714 www.Jac...
A Home, an Investment <ul><li>How many renters? </li></ul><ul><ul><li>Many </li></ul></ul><ul><li>How many home owners? </...
Renting Vs. Buying <ul><li>Renting </li></ul><ul><li>Advantages </li></ul><ul><ul><li>Little responsibilities </li></ul></...
Total Annual Rent Payments Monthly 1 Year 3 Years 5 Years $500 $6,000 $18,000 $30,000 $1,000 $12,000 $36,000 $60,000
Purchasing <ul><li>Disadvantages </li></ul><ul><ul><li>Money i.e. down payment, closing, etc.  </li></ul></ul><ul><ul><li>...
Purchasing Continued <ul><li>Based on 100K@6% 30 yrs </li></ul>
Tax Deductions <ul><li>Schedule A - Deductions </li></ul><ul><ul><li>Real Estate Property Taxes </li></ul></ul><ul><ul><li...
How’s the Market? Oh My <ul><li>What started this? </li></ul><ul><ul><li>2000 – Federal Reserve Board Chairman </li></ul><...
<ul><li>Transactions from January 1 – July 10 </li></ul>Area 2008 2007 2006 Clinton 199 211 241 Southwest 686 587 579 Nort...
Should I Buy? <ul><li>5 Reasons to buy now </li></ul><ul><ul><li>Great Prices in your interested area  </li></ul></ul><ul>...
Example of buyer’s investment <ul><li>List price was: </li></ul><ul><li>135,900    129,900   125,700 </li></ul><ul><li>N...
Example of selling client <ul><li>Current Home – Listed for $65,900 </li></ul><ul><ul><li>2br/1ba </li></ul></ul><ul><ul><...
Should I Buy?  <ul><li>5 Reasons to wait </li></ul><ul><ul><li>You’ve lived in your home less than 2 years </li></ul></ul>...
Steps to homeownership <ul><li>Get a good real estate agent </li></ul><ul><ul><li>Experienced </li></ul></ul><ul><ul><li>K...
You Found a Home, Now What? <ul><li>Write the Offer </li></ul><ul><ul><li>CMA </li></ul></ul><ul><ul><li>Negotiate </li></...
Close <ul><li>Final Walk </li></ul><ul><li>Review Paper work </li></ul><ul><li>Others </li></ul><ul><li>Thank you and plea...
Upcoming SlideShare
Loading in …5
×

Buying A Home, Buying Your Investment

Before you buy watch this video. Make an informed decision on your future investment. www.JacksonPropertyInfo.com

  • Be the first to comment

Buying A Home, Buying Your Investment

  1. 1. My Home, My Investment Darouny (D) Kommany Residential & Commercial Specialist The Kommany Group, LLC 601-454-5714 www.JacksonPropertyInfo.com [email_address]
  2. 2. A Home, an Investment <ul><li>How many renters? </li></ul><ul><ul><li>Many </li></ul></ul><ul><li>How many home owners? </li></ul><ul><ul><li>Not Enough </li></ul></ul>
  3. 3. Renting Vs. Buying <ul><li>Renting </li></ul><ul><li>Advantages </li></ul><ul><ul><li>Little responsibilities </li></ul></ul><ul><ul><li>Cost </li></ul></ul><ul><ul><li>Low Commitment </li></ul></ul><ul><li>Disadvantages </li></ul><ul><ul><li>Pay your landlord, 100% Expense </li></ul></ul><ul><ul><li>Rent usually increases after lease term </li></ul></ul><ul><ul><li>Neighbors </li></ul></ul><ul><ul><li>Area Vs Price </li></ul></ul><ul><ul><li>Rules </li></ul></ul>
  4. 4. Total Annual Rent Payments Monthly 1 Year 3 Years 5 Years $500 $6,000 $18,000 $30,000 $1,000 $12,000 $36,000 $60,000
  5. 5. Purchasing <ul><li>Disadvantages </li></ul><ul><ul><li>Money i.e. down payment, closing, etc. </li></ul></ul><ul><ul><li>Commitment </li></ul></ul><ul><li>Advantages </li></ul><ul><ul><li>Pay yourself, Equity </li></ul></ul><ul><ul><li>Deductions </li></ul></ul><ul><ul><ul><li>Interest rate & PMI </li></ul></ul></ul><ul><ul><ul><li>Real Estate Taxes </li></ul></ul></ul><ul><ul><ul><li>Others </li></ul></ul></ul><ul><ul><li>Many Mortgage Programs </li></ul></ul>
  6. 6. Purchasing Continued <ul><li>Based on 100K@6% 30 yrs </li></ul>
  7. 7. Tax Deductions <ul><li>Schedule A - Deductions </li></ul><ul><ul><li>Real Estate Property Taxes </li></ul></ul><ul><ul><li>Interest Paid </li></ul></ul><ul><ul><li>PMI Paid </li></ul></ul><ul><ul><li>Closing Costs (Points) </li></ul></ul><ul><li>Form 5695 </li></ul><ul><ul><li>Residential Energy Credits </li></ul></ul><ul><li>Profits on Sale of Your Home Not Taxed </li></ul><ul><li>(restrictions apply) </li></ul><ul><li>Others </li></ul>
  8. 8. How’s the Market? Oh My <ul><li>What started this? </li></ul><ul><ul><li>2000 – Federal Reserve Board Chairman </li></ul></ul><ul><ul><li>Flexible Mortgage Programs </li></ul></ul><ul><li>Media </li></ul><ul><li>Local </li></ul>
  9. 9. <ul><li>Transactions from January 1 – July 10 </li></ul>Area 2008 2007 2006 Clinton 199 211 241 Southwest 686 587 579 Northeast 299 371 400 Madison/Ridgeland/Canton 666 788 830 Reservoir 393 493 505 Flowood, Pearl 195 205 162 Crossgates/ Brandon 262 333 321 Total Transaction 2,700 2,988 3,038
  10. 10. Should I Buy? <ul><li>5 Reasons to buy now </li></ul><ul><ul><li>Great Prices in your interested area </li></ul></ul><ul><ul><li>Length of stay in the home (5 yrs or more) </li></ul></ul><ul><ul><li>Rent rivals a mortgage payment </li></ul></ul><ul><ul><li>You’ve found the right house </li></ul></ul><ul><ul><li>You moved in a home with equity & leave with tremendous profits </li></ul></ul>
  11. 11. Example of buyer’s investment <ul><li>List price was: </li></ul><ul><li>135,900  129,900  125,700 </li></ul><ul><li>Negotiated Price  116,000 </li></ul><ul><ul><li>$19,700 in instant equity </li></ul></ul><ul><ul><li>3br/2ba plus bonus room </li></ul></ul><ul><ul><li>2,200 sq ft, </li></ul></ul><ul><ul><li>Great schools & desirable neighborhood, etc. </li></ul></ul>
  12. 12. Example of selling client <ul><li>Current Home – Listed for $65,900 </li></ul><ul><ul><li>2br/1ba </li></ul></ul><ul><ul><li>900-1,000 sq ft </li></ul></ul><ul><ul><li>Equity where she was able to give up </li></ul></ul><ul><ul><li>In order to Gain: </li></ul></ul><ul><ul><ul><li>A NEW HOME </li></ul></ul></ul><ul><ul><ul><li>HOME WITH EQUIY </li></ul></ul></ul><ul><ul><ul><li>UPGRADE 4BR/3BA </li></ul></ul></ul><ul><ul><ul><li>GREAT SCHOOLS & LOCATION </li></ul></ul></ul>
  13. 13. Should I Buy? <ul><li>5 Reasons to wait </li></ul><ul><ul><li>You’ve lived in your home less than 2 years </li></ul></ul><ul><ul><li>Your job security is uncertain </li></ul></ul><ul><ul><li>Length of stay in the home </li></ul></ul><ul><ul><li>Credit Challenged &/or No Money </li></ul></ul><ul><ul><li>Existing home location </li></ul></ul>
  14. 14. Steps to homeownership <ul><li>Get a good real estate agent </li></ul><ul><ul><li>Experienced </li></ul></ul><ul><ul><li>Knowledge </li></ul></ul><ul><li>Get a good mortgage officer </li></ul><ul><ul><li>Approval versus Affordability </li></ul></ul><ul><li>Area </li></ul><ul><li>Your life plans </li></ul>
  15. 15. You Found a Home, Now What? <ul><li>Write the Offer </li></ul><ul><ul><li>CMA </li></ul></ul><ul><ul><li>Negotiate </li></ul></ul><ul><li>Contract </li></ul><ul><ul><li>Due Diligence </li></ul></ul><ul><ul><ul><li>Physical Due Diligence </li></ul></ul></ul><ul><ul><ul><li>Financial Due Diligence </li></ul></ul></ul><ul><ul><ul><li>Legal Due Diligence </li></ul></ul></ul><ul><ul><ul><li>Resalable Due Diligence </li></ul></ul></ul>
  16. 16. Close <ul><li>Final Walk </li></ul><ul><li>Review Paper work </li></ul><ul><li>Others </li></ul><ul><li>Thank you and please visit </li></ul><ul><li>www.JacksonPropertyInfo.com </li></ul><ul><li>Darouny (Dee) Kommany </li></ul><ul><li>601-454-5714 </li></ul>

×