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Home Buying - What to Know

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Realtors & Buyers: Start Right, Search Right, Close Right!

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Home Buying - What to Know

  1. 1. Leslie Ashford Buyer's Agent 03/17
  2. 2. HOME WHEN YOU’RE BROWSING: WHEN YOU’RE BUYING: You take time to research the areas you want to live in - internet Request to see homes you’re serious about May Search Outside of the area you really want to live in - curious Meets the location you desire or need to live in (schools, work …) May Feel Unable to decide; no passion for properties available Meets your MUST HAVES (location, rooms, baths . . .) Urge to see EVERYTHING for sale Request showings through your realtor; go with Realtor Done by Buyer alone; consult Realtor Gut says, “YAASSSS!” Desire to Look for the sake of looking – “Looky-loo” Prepared to MAKE AN OFFER! Leslie Ashford Buyer's Agent 03/17
  3. 3.  Comparative Market Analysis › (CMA or “comps”)  Based on the type of Market › Buyers Market vs. Sellers Market  May be Re-negotiated until final Sale Price is reached Leslie Ashford Buyer's Agent 03/17
  4. 4. LIST PRICE SALE PRICE Price a Seller sets to get the attention of Buyers What a Buyer actually pays for the home; agreed upon price of a home May not end up being the Sale Price Result of Negotiations between Buyer & Seller Don’t be intimidated by it May end up lower or higher than List Price Negotiable Final Sale – Not Negotiable Leslie Ashford Buyer's Agent 03/17
  5. 5.  LARGE Inventory of Homes for Sale  Home Prices are Relatively Lower  MORE Opportunity to Offer Below List Price  Sellers Compete Leslie Ashford Buyer's Agent 03/17
  6. 6.  LOW Inventory of Homes for Sale  Home Prices are Relatively HIGHER  LESS Opportunity to Offer Below List Price  Buyers Compete Leslie Ashford Buyer's Agent 03/17
  7. 7. NO SUCH THING! Leslie Ashford Buyer's Agent 03/17
  8. 8. Leslie Ashford Buyer's Agent 03/17
  9. 9.  “Community Shopping” – school district, work/life, conveniences . . .  # Bedrooms  # Bathrooms  Basement?  Garage?  Style – one or two story? MUST BE SAFE, SOUND, & SECURE Leslie Ashford Buyer's Agent 03/17
  10. 10.  PAINT  CARPET  “UPGRADES”  APPLIANCES  TILE  FIXTURES  CABINETS STUCK HERE: YOU’LL NEVER FIND A HOME Leslie Ashford Buyer's Agent 03/17
  11. 11.  Are they QUALIFIED?  Know the HOME BUYING PROCESS  Education/Training/Experience  Not necessarily your FRIEND  Definitely NOT Your Cousin  Ask Questions Leslie Ashford Buyer's Agent 03/17
  12. 12. Leslie Ashford Buyer's Agent 03/17

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