Home Buying Class
Presented by: Katie Scire & Rebecca Love
Meet Katie & Rebecca
Rebecca Love
Redfin Agent
● 5 Redfin buyers & sellers
● $525K median home price
● 5 star rating (5 re...
About Redfin
A better way to buy & sell
On Your Side.
Your Redfin Agent is paid based on
your satisfaction, not commission...
Agenda
1. Local Real Estate Trends
2. Home Buying Process
3. Recap
4. Conclusion
#1.
Local Real Estate
Trends
Washington, DC Real Estate Overview
Median List Price $395K
Median List $/SqFt $466
Median Sale Price $437k
Median Sale $/...
Trending Right Now:
Bidding Wars
New Construction
Foreclosures & Short Sales
• Banks have experts price the home
to sell it at the market rate
• Sales price must be approve...
#2.
Home Buying Process
Before You Buy ● Rent vs. own
● Length of
ownership
● Life changes
(family, job)
● Personal
finances
Overview of the
Home Buying Process
1. Research
2. Search for Homes
3. Finance Your Home
4. Make Your Offer
5. Closing Pro...
1. Research
• Home wish list & requirements
• Location & neighborhoods
• Mortgage loan & pre-approval
• Real estate agents...
2. Search for Homes
• Identify your home wish list & requirements
• Check out open houses
• Request home tours
• Save sear...
See Homes in Person
21
Go Local: Lender
• Benefits of a local lender :
•Makes your offer more
competitive
•Saves you stress
•Check out reviews of...
3. Finance Your Home
• Review your finances
• Check your credit score
• Find the right loan
• Get pre-approved
Latest Mortgage Rates
Type of Loan July 10, 2014 July 3, 2014
30-Year Fixed 4.14% 4.12%
15-Year Fixed 3.24% 3.22%
5/1 ARM ...
Break!
● Katie Scire
katie.scire@redfin.com
● Rebecca Love
rebecca.love@redfin.com
4. Make Your Offer
• Pricing & comparables
• Common contingencies
• Negotiations
• Mutual Acceptance
5. Closing Process
• Inspection
• Appraisal
• Financing & approval
• Title
• Closing!
Home Inspection
The Closing Process
Success! The
seller has agreed
with your price
and terms.
You’ve achieved
mutual
acceptance.
Deposit y...
Congratulations,
You bought a home!
#3.
Recap
Home Buying Timeline
#4.
Conclusion
So, What Now?
Make sure it’s the right time for you.
Find an agent & get pre-approved for a loan
Search for homes on Redfi...
Get More From Redfin
• Explore our online tools,
including a home affordability calculator to find out how much you can af...
Thanks For Coming!
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Redfin Home Buying Class - Washington, DC

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  • Events: Use the agent’s 150x150 or 120x120 image…resize to 1x1” and place into the grey box. Depending on the content you have for each agent, you can show 1, 2 or 3 and layout 2 agents either in a row or stacked.
  • I know you wanted to use a screen shot here, but…that design is changing so filling in the numbers might be easier in the long run. Not all of this data might make it to the new Local Pages. So, you can edit as needed.

    [REQUIRED – Updated every time]
    Agents should use this slide to talk about what they’re seeing on the street
    Tell some stories!

  • http://www.freddiemac.com/pmms/
  • OPTION 2
  • Feel free to ONLY use the bold headlines. The text is supplementary but useful.
    This copy is also used on Courtney’s new customer appreciation event postcard, so we can always update the front side to be used for classes (opposed to closed clients).
  • Redfin Home Buying Class - Washington, DC

    1. 1. Home Buying Class Presented by: Katie Scire & Rebecca Love
    2. 2. Meet Katie & Rebecca Rebecca Love Redfin Agent ● 5 Redfin buyers & sellers ● $525K median home price ● 5 star rating (5 reviews) Katie Scire Redfin Agent ● 22 Redfin buyers & sellers ● $425K median home price ● 4.5 star rating (20 reviews)
    3. 3. About Redfin A better way to buy & sell On Your Side. Your Redfin Agent is paid based on your satisfaction, not commission so your interests always come first. Smarter & Faster. You’ll move quickly and confidently with our easy online tools and the most complete and accurate home sales data available. You Get More… Get full service and better results while saving thousands in fees. …Including 100% Team Support With Redfin, your home search is backed by a team of real estate pros, so there’s always someone available
    4. 4. Agenda 1. Local Real Estate Trends 2. Home Buying Process 3. Recap 4. Conclusion
    5. 5. #1. Local Real Estate Trends
    6. 6. Washington, DC Real Estate Overview Median List Price $395K Median List $/SqFt $466 Median Sale Price $437k Median Sale $/SqFt $501 Median Sale/List 99.7% Average Number of Offers 3.3 Average Down Payment 21.5% Number of Homes Sold 1599 Calculated using the last 90 days
    7. 7. Trending Right Now: Bidding Wars
    8. 8. New Construction
    9. 9. Foreclosures & Short Sales • Banks have experts price the home to sell it at the market rate • Sales price must be approved by the bank and potentially other lien holders • Can be a lengthy process
    10. 10. #2. Home Buying Process
    11. 11. Before You Buy ● Rent vs. own ● Length of ownership ● Life changes (family, job) ● Personal finances
    12. 12. Overview of the Home Buying Process 1. Research 2. Search for Homes 3. Finance Your Home 4. Make Your Offer 5. Closing Process
    13. 13. 1. Research • Home wish list & requirements • Location & neighborhoods • Mortgage loan & pre-approval • Real estate agents & reviews
    14. 14. 2. Search for Homes • Identify your home wish list & requirements • Check out open houses • Request home tours • Save searches on Redfin and get notifications on the mobile app & email
    15. 15. See Homes in Person 21
    16. 16. Go Local: Lender • Benefits of a local lender : •Makes your offer more competitive •Saves you stress •Check out reviews of local lenders on Redfin’s Open Book
    17. 17. 3. Finance Your Home • Review your finances • Check your credit score • Find the right loan • Get pre-approved
    18. 18. Latest Mortgage Rates Type of Loan July 10, 2014 July 3, 2014 30-Year Fixed 4.14% 4.12% 15-Year Fixed 3.24% 3.22% 5/1 ARM 2.98% 2.98% 1-Year ARM 2.40% 2.38%
    19. 19. Break! ● Katie Scire katie.scire@redfin.com ● Rebecca Love rebecca.love@redfin.com
    20. 20. 4. Make Your Offer • Pricing & comparables • Common contingencies • Negotiations • Mutual Acceptance
    21. 21. 5. Closing Process • Inspection • Appraisal • Financing & approval • Title • Closing!
    22. 22. Home Inspection
    23. 23. The Closing Process Success! The seller has agreed with your price and terms. You’ve achieved mutual acceptance. Deposit your earnest money to prove you’re serious about the offer. The seller will disclose any known problems with the property The home’s ownership history and title for liens, encroachments, and easements is reviewed. Schedule a professional home inspection. Your agent will have recom- mendations. Select your lender and submit your loan within three days of mutual acceptance. Take your final walkthrough to look for any issues since the inspection. Sign all of the paperwork at your signing appointment. Get your keys, take possession and start moving! Receive your commission refund. Complete the Redfin survey for your agent.
    24. 24. Congratulations, You bought a home!
    25. 25. #3. Recap
    26. 26. Home Buying Timeline
    27. 27. #4. Conclusion
    28. 28. So, What Now? Make sure it’s the right time for you. Find an agent & get pre-approved for a loan Search for homes on Redfin.com & mobile app. See homes in person & make an offer. Buy a home!
    29. 29. Get More From Redfin • Explore our online tools, including a home affordability calculator to find out how much you can afford, and the home value tool to see how much a home is worth. • Take Redfin with you: Download the Redfin app for iPhone, iPad, and Android. • Claim your home on Redfin and receive monthly home reports. • Sell your home: Work with a Redfin Agent to sell your home and get free professional photography and online marketing to all the right buyers — for a 1.5% listing fee. • Check out more classes, including market trends, mortgages, home selling classes, and more at Redfin.com/Events.
    30. 30. Thanks For Coming!

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