Buying Your Perfect Anderson Island Home

Transcription

1 Buying Your Perfect Anderson Island Home

2 Let s Get To Work Finding Your Perfect Home My Mission To help you find the best island home that fits your needs in the time frame important to you. Credentials Cheryl Steffen REALTOR Full time Real Estate Broker on Anderson Island Real Estate Industry since 1997 Realtor 8 years Premier Service Trained 97% Customer Satisfaction Rating Graduate Realtors Institute Buying Your Perfect Home I 2

3 Real Living Real Estate My Company Real Living Real Estate is a network brand of HSF Affiliates LLC, which is majority owned by HomeServices of America, Inc., a Berkshire Hathaway affiliate Launched as the 7 th largest real estate brokerage in America Earned the Inman Innovator Award as the Most Innovative Real Estate Franchise Named the Most Productive Agents In The Nation REALTOR Magazine and The Most Promising New Brand - the Swanepoel TRENDS Report Top 10 Newsmakers the Swanepoel TRENDS Report Named the Fastest Growing Real Estate Brand by REALTOR Magazine* CEO, CMO and COO recognized in Inman Top 100 Leaders *Based on net offices opened/closed between as shown NAR s July/August REALTOR Magazine 2011 Franchise Report Buying Your Perfect Home I 3

4 Premier Service What is Premier Service? Premier Service is our personal guarantee of delivering to our customers a measurably superior and highly satisfying service experience. I am committed to listening closely to you to understand your needs and expectations I will commit to those needs and expectations in writing You have the opportunity to grade my service by completing and returning a survey to an independent third party Buying Your Perfect Home I 4

5 Getting Started

6 Getting Started The Real Deal 1. What are your housing needs and wants? 2. What is your buying power? 3. Do you know the loan options that are available to you? 4. Are you interested in a foreclosure or investment property? Getting Started I 6

7 Finding Your Perfect Home The Real Deal Complete a Housing Needs Analysis Location Lot Size Price Range Style/Architecture Age of Home Number of Bedrooms Number of Baths Special Features Considerations for Children or Pets Getting Started I 7

8 How Much Home Can You Afford? The Real Deal Your Credit Score Determines the type and terms of mortgage Find FREE report at AnnualCreditReport.com Pre-Approval Gives you negotiation power Requires a completed application to the lender Clears you for a loan of a determined amount Getting Started I 8

9 Which Loan Program Is Right For You? The Real Deal I can help you find a lender to meet your needs. Conventional Loans 20% down payment minimum 15-, 30-, and 40-year, fixed rate versions ARMS adjustable rate mortgages JUMBO loans Government Program Loans FHA usually lower down payment/ may provide rehab money VA and USDA programs for veterans and rural residents Sub-Prime Loans For individuals with damaged credit Getting Started I 9

10 Finding Your Home

11 Home Buying Programs Finding Your Home There are many local, regional and federal home buying assistance programs available. Let me tell you about them. Finding Your Home I 11

12 Is A Foreclosed Property An Option? Finding Your Home Largest database in nation Can help navigate through extra requirements Understanding Pitfalls Foreclosures, Bank-owned properties (REOs) and Short Sales can be great deals Prior liens, bank negotiation, poor property condition I can help you with foreclosures and short sales. Finding Your Home I 12

13 Are You Looking For An Income Property? Finding Your Home Current Advantages = Positive Cash Flow Mortgage rates are at historic lows Prices have declined across the nation Distressed properties offer real bargains The rental market is growing Finding Your Home I 13

14 Finding Your Home Working for You Property Search I will provide information so you can view as many properties as possible. Property Visits I will show you the properties that meet your criteria. Property Evaluation/Disclosure I will give you my expert opinion and disclose any defects known to me so you can make an informed decision. Finding Your Home I 14

15 Finding Your Home Searching The Internet Information Sources Used by Buyers of Previously Owned Homes Real Estate Agent Online Website Yard Sign Mobile/tablet Website or App Open House Mobile/tablet Search Engine Online Video Site Print Newspaper Advertisement Home Book or Magazine Home Builder Billboard Television Relocation Company 9 in 10 buyers today use the Internet for their home search 24/7 access The best sites have photos, videos, information on taxes, neighborhoods, interactive maps and more Source: National Association of REALTORS, Profile of Home Buyers and Sellers 2013 Finding Your Home I 15

16 RealLiving.com Searching The Internet Real Living websites attract nearly a million page views each month! Local Office Website My Website Finding Your Home I 16

17 Use Your Phone! Searching The Internet Anytime, Anywhere Convenience. I can send photos and information to your computer, smart phone or tablet. Our internet sites are optimized to detect your device type and deliver our content for smart phone, tablet and pad, or desk top computer. My Mobile Website Finding Your Home I 17

18 Making An Offer

19 Buying A Home Is A Complex Process Making An Offer Getting Started Needs Analysis Pre-Qualify Pre-Approval Property Search Pricing and Terms Negotiating Feedback and Adjustments Negotiations Evaluations and Counter Offers Loan Application and Approval Facilitating the Offer Inspections and Appraisals Title Work Closing Process Financial Disbursements I m with you every step of the way. Making An Offer I 19

20 What Is The Value? Making An Offer Comparative Market Analysis (CMA) Report Nearby homes listed for sale Recently sold or recently listed but no longer available for sale Helps determine the right offer price Making An Offer I 20

21 Homes On The Market Current Market Data Currently, on Anderson Island, there are 39 Homes available Making An Offer I 21

22 Preparing The Offer The Purchase Agreement Purchase Agreement Terms and conditions of the sale Instructions for the mortgage lender and title company Making An Offer I 22

23 Preparing The Offer Representing You Skilled Negotiator sm Protecting your interests Getting the best deal Satisfying your requirements What stays in the home as part of the sale Move-in date Making An Offer I 23

24 Preparing The Offer Home Inspection Professional Home Inspection Before sale is final Identifies flaws/defects Allows for remediation/settlement before purchase Warranty One Year Coverage for Large Repairs Making An Offer I 24

25 Closing On Your New Home

26 Closing On Your New Home Becoming The Home Owner 1. Securing a Clear Title of Ownership 2. Buying Title Insurance Protecting Your Home from Future Claims Forged deeds or other documents Claims by previously undisclosed heirs Inaccurate descriptions of property and boundaries Mistakes in public records Fraudulent acts Closing On Your New Home I 26

27 Closing On Your New Home Becoming The Home Owner 3. Becoming the Home Owner Title will transfer from the seller to you 4. Moving In Your closing date is not always your possession date -- this date is negotiated in your purchase agreement Closing On Your New Home I 27

28 Equal Housing Opportunity Right of Every Buyer Everyone benefits from an open housing market. Restrictions limit the pool of homes for sale and hinder those who are hoping to sell. Federal Law Right of Every Buyer. Closing On Your New Home I 28

29 Let s Get To Work Representing You My Mission To help you find the best house that fits your needs in the time frame important to you. I m ready to put Premier Service to work for you! Nancy Ferguson GRI, ABR Closing On Your New Home I 29