COMPANY HISTORY
A tradition of service has made Koenig & Strey GMAC Real Estate one of the
most successful real estate fir...
STRATEGICALLY LOCATED OFFICES   Koenig & Strey GMAC is
                                dedicated to meeting the needs
    ...
DELIVERING A HIGHER LEVEL OF SERVICE
94% Customer Satisfaction*
                                                          ...
PREMIER SERVICE®
Premier Service® is an innovative way of doing business that sets us
apart from our competitors while giv...
MY ROLES

Trusted Advisor
As your trusted advisor, I will dedicate myself to helping you
reach your goals by lending my ex...
THE PREMIER SERVICE® COMMITMENT
     By signing this pledge, I am giving you my personal commitment to:

                 ...
BUYING YOUR HOME IS A COMPLEX PROCESS

            Defining Your Housing Priorities
            Agency Options
           ...
DEFINING YOUR HOUSING PRIORITIES




                     We’ll help you define your housing
                     prioriti...
AGENCY OPTIONS


                 Buyer’s Agent
                 Will represent the buyer and only
                 the bu...
WORKING WITH A BUYER’S AGENT


                   A buyer’s agent will:

                   • Listen to the home buyer’s n...
ADVANTAGES OF WORKING WITH A BUYER’S AGENT

By working with a buyer’s agent, you benefit from having a center point of
con...
HOW MUCH HOME CAN YOU AFFORD?

Your Mortgage Payment

The amount of mortgage payment you can afford
may be determined by y...
FINANCING YOUR HOME
Pre-Qualification
• A lender can quickly pre-qualify you over the phone

• Have an estimated monthly p...
THE MORTGAGE PROCESS


          Complete loan application
          Verification of financial, employment information
 ...
ESTIMATED BUYER’S COST




Note: This estimate has been prepared to
assist the buyer in computing costs.
Lenders and other...
DOCUMENTS NEEDED TO APPLY FOR A MORTGAGE

1   Two years W2’s and one month of pay stubs (if you are salaried)

2   Two yea...
FINDING YOUR HOME
FINDING YOUR HOME


                    Property search
                    I will provide information and develop a
     ...
EMAIL UPDATES


 With our email update
 program you have an
 opportunity to be the first to
 hear about a great property
 ...
FACTORS AFFECTING THE PRICE OF A HOME
     FACTORS AFFECTING THE PRICE OF A HOME




1   Asking price is the starting poin...
FACTORS AFFECTING THE PRICE OF A HOME




4   Interest rates, competition, the economy and
    consumer confidence.




5 ...
MAKING THE OFFER


Offer Preparation
I will prepare a written offer on
the property you choose to
purchase and include the...
NEGOTIATING TO CONTRACT



In presenting your purchase offer, I will:

•Negotiate the best price and terms

•Report to you...
CLOSING THE TRANSACTION

Prepare for the closing
I will track the progress of the sale and keep you informed as to
your ne...
COMPREHENSIVE REAL ESTATE SERVICES
Koenig & Strey GMAC Real Estate provides comprehensive real estate services.




  Mor...
MORTGAGE SERVICES
Providing mortgage solutions throughout the Chicagoland area.



Loan officers are available onsite at
K...
FORT DEARBORN LAND TITLE COMPANY, LLC
 “We Put Your Mind At Ease.”

 Title insurance assures buyers and lenders
 in a real...
KOENIG & STREY INSURANCE AGENCY, LLC
“Experience Counts.”
                          Koenig & Strey Insurance has been a
  ...
RELOCATION SERVICES
Providing customized relocation and real estate assistance for buyers and
sellers moving to and from t...
Buyer Presentation
Buyer Presentation
Buyer Presentation
Buyer Presentation
Buyer Presentation
Buyer Presentation
Buyer Presentation
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Buyer Presentation

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Buyer Presentation

  1. 1. COMPANY HISTORY A tradition of service has made Koenig & Strey GMAC Real Estate one of the most successful real estate firms in the Chicago area. Founded in 1961 by the Koenig and Strey families, this company began a pattern of growth and industry leadership that continues to this day. Joining GMAC Home Services in 1999, enabled us to combine local expertise with national resources which has helped us continue that growth.
  2. 2. STRATEGICALLY LOCATED OFFICES Koenig & Strey GMAC is dedicated to meeting the needs of distinct market segments throughout the Chicagoland area with office locations in Chicago, the North Shore, Lake County and the western suburbs.
  3. 3. DELIVERING A HIGHER LEVEL OF SERVICE 94% Customer Satisfaction* After thousands of completed surveys, 94% of our clients say they are satisfied or very satisfied with our services. The goal of our company and our Sales Associates is to deliver a quality customer service experience base on what our buyers and sellers need and want. GMAC Real Estate has more than 1,000 real estate offices with more than 22,000 Sales Associates. * Based on GMAC Real Estate 2008 Customer Satisfaction survey.
  4. 4. PREMIER SERVICE® Premier Service® is an innovative way of doing business that sets us apart from our competitors while giving you the value and attention that you deserve. The Process of Premier Service®  Listen to your needs  Establish clear expectations  Commit in writing  Deliver the service  Solicit your feedback
  5. 5. MY ROLES Trusted Advisor As your trusted advisor, I will dedicate myself to helping you reach your goals by lending my expertise in the industry. Skilled Negotiator As your skilled negotiator, I will work to get you the best price, with the best terms, in the shortest period of time. Expert Facilitator As your expert facilitator, I will offer you outstanding customer service, resources and tools to assist you.
  6. 6. THE PREMIER SERVICE® COMMITMENT By signing this pledge, I am giving you my personal commitment to:  Deliver a service experience  Stay in touch  Give you access to special programs  Make myself available  Deliver caring customer service 8/4/2009 9
  7. 7. BUYING YOUR HOME IS A COMPLEX PROCESS Defining Your Housing Priorities Agency Options GMAC Real Estate Premier Service Working with a Buyer’s Agent Advantages of Working with a Buyer’s Agent How Much Home Can You Afford? Financing Your Home The Mortgage Process Estimated Buyer’s Costs Documents Needed to Apply for a Mortgage Finding Your Home Factors Affecting the Price of a Home Making the Offer Negotiation to Contract Closing the Transaction
  8. 8. DEFINING YOUR HOUSING PRIORITIES We’ll help you define your housing priorities by discussing your specific needs, wants and desires. Then we’ll create an organized plan and timeline for your property search.
  9. 9. AGENCY OPTIONS Buyer’s Agent Will represent the buyer and only the buyer’s best interest throughout the transaction Seller’s Agent Will represent the seller and only the seller’s best interest throughout the transaction Dual Agent Will represent the buyer and seller equally and ethically throughout the transaction
  10. 10. WORKING WITH A BUYER’S AGENT A buyer’s agent will: • Listen to the home buyer’s needs • Solely represent the home buyer’s interest • Fully disclose all information about the transaction • Actively work to assist the buyer in achieving the best terms for the home purchase contract • Keep home buyer’s confidences even after the agency relationship ends
  11. 11. ADVANTAGES OF WORKING WITH A BUYER’S AGENT By working with a buyer’s agent, you benefit from having a center point of contact managing your home buying experience. You save time, gain resources and have piece of mind that a professional is working toward your goals.
  12. 12. HOW MUCH HOME CAN YOU AFFORD? Your Mortgage Payment The amount of mortgage payment you can afford may be determined by your monthly payments on long-term debts. The total of your monthly payments on long- term debts PLUS your proposed mortgage payments should not be more than 36% - 40% of your gross monthly income. This percentage is called your ratio. I will help you to determine what mortgage payment will work for you.
  13. 13. FINANCING YOUR HOME Pre-Qualification • A lender can quickly pre-qualify you over the phone • Have an estimated monthly payment calculated • Know the price range to shop based on the loan size Pre-Approval • Pre-approval gives you more leverage in negotiating your home purchase • Requires you to complete a formal application to the lender • Requires you to submit all necessary documentation • Once you are approved, you are cleared for a loan of a determined amount • You can make your offer with confidence knowing you’re pre-approved!
  14. 14. THE MORTGAGE PROCESS  Complete loan application  Verification of financial, employment information  Home appraisal ordered  Good faith estimate of closing costs and truth in lending disclosures  Loan application evaluation  Loan approval and letter of commitment  Closing is scheduled  Closing is held, signing of documents and funding of loan  Disbursement of funds by lender  Seller is paid and the home title is transferred to you  Documents are recorded at the county office of records
  15. 15. ESTIMATED BUYER’S COST Note: This estimate has been prepared to assist the buyer in computing costs. Lenders and other related services will vary in their charges: therefore, these figures are not and cannot be guaranteed by your Koenig & Strey GMAC office or by any Sales Associate.
  16. 16. DOCUMENTS NEEDED TO APPLY FOR A MORTGAGE 1 Two years W2’s and one month of pay stubs (if you are salaried) 2 Two years tax returns, a year-to-date profit & loss statement (if you are self employed) 3 Three months of statements for each bank, mutual fund, and investment account 4 A current statement from your stock, retirement, and/or 401K statement 5 If you own rental property, have two years tax returns & current rental agreements 6 A copy of your divorce decree (if applicable) 7 If you are not a citizen, provide a copy of the front and back of your Green Card 8 A copy of your Homeowners Insurance Declaration Page (for refinancing) 9 Current driver’s license, state ID card or passport
  17. 17. FINDING YOUR HOME
  18. 18. FINDING YOUR HOME Property search I will provide information and develop a strategy to ensure that you are given the opportunity to view and evaluate as many relevant properties as possible. Property showing I will show you the properties that meet the criteria you have selected, and only those properties. Property evaluation/disclosure I will give you my expert opinion and advice on each property viewed and disclose any defects known to me.
  19. 19. EMAIL UPDATES With our email update program you have an opportunity to be the first to hear about a great property that fits your needs. •Receive email notices of new listings and price changes •Search results includes detailed property information and photos •Save up to 5 searches and receive email updates from each one •Share your favorites with your family and friends
  20. 20. FACTORS AFFECTING THE PRICE OF A HOME FACTORS AFFECTING THE PRICE OF A HOME 1 Asking price is the starting point from which to negotiate the actual price of a home. 2 The second most important factor in the buyer’s mind is location. 3 The structural and mechanical integrity, as well as the upkeep and cosmetic appeal of a property affect a home price.
  21. 21. FACTORS AFFECTING THE PRICE OF A HOME 4 Interest rates, competition, the economy and consumer confidence. 5 The terms of a purchase can make or break the contract. 6 When advertising exposure and positioning are done correctly, a home will sell more quickly and will command a higher price.
  22. 22. MAKING THE OFFER Offer Preparation I will prepare a written offer on the property you choose to purchase and include the terms approved by you. Offer Presentation I will present your purchase offer directly to the seller’s agent.
  23. 23. NEGOTIATING TO CONTRACT In presenting your purchase offer, I will: •Negotiate the best price and terms •Report to you promptly on counter-proposals or counter-offers
  24. 24. CLOSING THE TRANSACTION Prepare for the closing I will track the progress of the sale and keep you informed as to your needs and responsibilities every step of the way. Final walk-through I will accompany you on your final walk-through prior to closing and assist you with solving problems that may be discovered. Closing the transaction I will work with you to ensure that the required and appropriate information is available.
  25. 25. COMPREHENSIVE REAL ESTATE SERVICES Koenig & Strey GMAC Real Estate provides comprehensive real estate services.  Mortgage  Insurance  Title  Relocation  Home Warranty
  26. 26. MORTGAGE SERVICES Providing mortgage solutions throughout the Chicagoland area. Loan officers are available onsite at Koenig & Strey GMAC branch offices. We work with over 30 investors with a multitude of loan products, ensuring that you get you the appropriate loan at the best rate. Loan officers will keep you informed of your status throughout the entire loan process.
  27. 27. FORT DEARBORN LAND TITLE COMPANY, LLC “We Put Your Mind At Ease.” Title insurance assures buyers and lenders in a real estate transaction that the title to a property is uncontested and free of encumbrances.  Prompt title searches  Referrals to attorneys specializing in real estate  Convenient closing locations, including the Koenig & Strey GMAC offices
  28. 28. KOENIG & STREY INSURANCE AGENCY, LLC “Experience Counts.” Koenig & Strey Insurance has been a trusted advisor to our real estate clientele for over 30 years. We pride ourselves on our excellent and our track record of providing the best insurance coverage to our clients.  Full line of insurance  Major carriers (including AAA, Atlantic Mutual, CHUBB, Progressive, Metlife, Travelers and more)  Competitive rates  Exceptional service  Local experience  Free policy coverage & rate analysis
  29. 29. RELOCATION SERVICES Providing customized relocation and real estate assistance for buyers and sellers moving to and from the Chicagoland area.  National and international reach  Departure and destination services  Access to Global Relocation Service

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