Home Buying Class - Schaumburg - March 28, 2012

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Home Buying Class - Schaumburg - March 28, 2012

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  9. 9. Case-Shiller: San Francisco Area v. 20-City 250.00 200.00 150.00 100.00 Chicago Area 20-City Composite 50.00 0.00Slide 9 of 55
  10. 10. Down 6.5% year-over-year Peak was September 2006 Down 34.6% from peak Currently at April 2001 prices Down 4.0% year-over-year Peak was July 2006 Down 33.8% from peak Currently at February 2003 pricesSlide 10 of 55
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  18. 18. 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 18 of 55
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  24. 24. Click here when you decide See all deals & reviewsSlide 24 of 55
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  26. 26. AGENT Responsible for your success Writes your offer Handles negotiations FIELD AGENT Takes you to see homes See 50+ homes a week COORDINATOR Schedules tours Prepares paperwork Works with escrowSlide 26 of 55
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  38. 38. *In no way does Redfin benefit financially from recommending lenders – we just think they’re great lenders!Slide 38 of 55
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  42. 42. Making Your OfferSlide 42 of 55
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  44. 44. 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 44 of 55
  45. 45. Important milestone tracker Your to do list Your team of agentsSlide 45 of 55
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