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Home Buying Class - Long Island - April 25, 2012

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Home Buying Class - Long Island - April 25, 2012

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  8. 8. Case-Shiller: Long Island Area v. 20-City 250.00 200.00 150.00 100.00 50.00 0.00Slide 8 of 55
  9. 9. Case-Shiller: Long Island Area Down 2.9% year-over-year Peak was June 2006 Down 25.3% from peak Currently at November 2003 prices Case-Shiller: 20-City Composite Down 3.8% year-over-year Peak was July 2006 Down 34.4% from peak Currently at January 2003 pricesSlide 9 of 55
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  17. 17. Overview •Search homes online & tour •Get pre-approved •Find a dream home Finding •Consult with agent, write offer Your Home •Submit offer to listing agent •Negotiations •Success! •Earnest money •Inspection contingency Mutual •Title review Acceptance •Financing contingency •Waiting for loan approval •Escrow signing appointment •Get keys and take possession! Closing •Receive Redfin refund •Complete Redfin SurveySlide 17 of 55
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  23. 23. Click here when you decide See all deals & reviewsSlide 23 of 55
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  25. 25. AGENT Responsible for your success Writes your offer Handles negotiations YOU COORDINATOR FIELD AGENT Schedules tours Takes you to see homes Prepares paperwork See 50+ homes a week Works with escrowSlide 25 of 55
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  35. 35. *In no way does Redfin benefit financially from recommending lenders – we just think they’re great lenders!Slide 35 of 55
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  39. 39. Making Your OfferSlide 39 of 55
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  41. 41. Overview of a Purchase •Search homes online & tour •Get pre-approved •Find a dream home Finding •Consult with agent, write offer Your Home •Submit offer to listing agent •Negotiations •Success! •Earnest money (within 3 days) •Inspection contingency (5-10 days) Mutual •Title review (5 days) Acceptance •Financing contingency (20-25 days) •Waiting for loan approval •Escrow signing appointment •Get keys and take possession! Closing! •Receive Redfin refund •Complete Redfin SurveySlide 41 of 55
  42. 42. Important milestone tracker Your to do list Your team of agentsSlide 42 of 55
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