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Redfin Home Buying Class - Woodland Hills, CA

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Redfin Home Buying Class - Woodland Hills, CA

  1. 1. Home Buying Class Presented by Arto Poladian
  2. 2. Meet Arto! Arto Poladian Redfin Agent ● 90+ Redfin buyers & sellers ● 4.9 star rating (66 reviews)
  3. 3. About Redfin A better way to buy & sell On Your Side Redfin Agents are paid based on your satisfaction, not commission, so your interests always come first. Smarter & Faster 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. 100% Team Support You’ll work with a team of real estate pros, so there’s always someone ready to help.
  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. Woodland Hills Real Estate Overview Median List Price $799K Median List $/Sq. Ft. $364 Median Sale Price $643K Median Sale $/Sq. Ft. $352 Median Sale/List 97.3% Average Number of Offers 1.8 Average Down Payment 54.2% Number of Homes Sold 186 Calculated using the last 90 days
  7. 7. Trending: Bidding Wars
  8. 8. New Construction
  9. 9. Foreclosures & Short Sales
  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 • Location & neighborhoods • Mortgage loans & pre-approval • Real estate agents & reviews
  14. 14. 2. Search for Homes • Create a wish list for home features • Check out open houses • See homes in person on home tours • Save searches on Redfin and get notifications on the Redfin app & email
  15. 15. See Homes in Person 1 2
  16. 16. 3. Finance Your Home • Review your finances • Check your credit score • Find the right loan • Get pre-approved
  17. 17. Latest Mortgage Rates Type of Loan October 9, 2014 October 16, 2014 30-Year Fixed 4.12% 3.97% 15-Year Fixed 3.30% 3.18% 5/1 ARM 3.05% 2.92% 1-Year ARM 2.42% 2.38%
  18. 18. Break! ● Arto Poladian arto.poladian@redfin.com
  19. 19. 4. Make Your Offer • Pricing & comparables • Common contingencies • Negotiations • Mutual acceptance
  20. 20. 5. Closing Process • Inspection • Appraisal • Financing & approval • Title • Closing!
  21. 21. The Closing Process Success! The seller has agreed with your price and terms. You’ve achieved mutual acceptance. The seller will disclose any known problems with the property. Deposit your earnest money to prove you’re serious about the offer. Schedule a professional home inspection. Your agent will have recom-mendations. The home’s owner history and title for liens, encroachments, and easements is reviewed. Take your final walkthrough to look for any issues since the inspection. Select your lender and submit your loan within three days of mutual acceptance. Get your keys, take possession, and start moving! Sign all of the paperwork at your signing appointment. Complete the Redfin survey for your agent. Receive your Redfin commission refund.
  22. 22. Home Inspection
  23. 23. Congratulations, You bought a home!
  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 to buy for you. Search for homes on Redfin.com & mobile app. Find an agent & get pre-approved for a loan. 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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