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Redfin Home Buying Class

Date post:16-Nov-2014
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  • 1. Home Buying ClassPresented byMichael Alderfer

2. About RedfinA better way to buy & sellOn Your SideRedfin Agents are paid based on yoursatisfaction, not commission, so yourinterests always come first.Smarter & FasterMove quickly and confidently with oureasy online tools and the mostcomplete and accurate home salesdata available.You Get MoreGet full service and better resultswhile saving thousands in fees.100% Team SupportYoull work with a team of real estatepros, so theres always someone readyto help. 3. Agenda1. Local Real Estate Trends2. Home-Buying Process3. Recap4. Conclusion 4. #1.Local Real EstateTrends 5. Washington, DC Real Estate OverviewMedian List Price $395KMedian List $/Sq. Ft. $455Median Sale Price $430KMedian Sale $/Sq. Ft. $490Median Sale/List 99.3%Average Number of Offers 3.4Average Down Payment 21.9%Number of Homes Sold 1471Calculated using the last 90 days 6. Trending:Bidding Wars 7. New Construction 8. Foreclosures & Short Sales 9. #2.Home Buying Process 10. Before You Buy Rent vs. own Length of ownership Life changes(family, job) Personal finances 11. Overview of theHome Buying Process1. Research2. Search for Homes3. Finance Your Home4. Make Your Offer5. Closing Process 12. 1. Research Home wish list Location & neighborhoods Mortgage loans & pre-approval Real estate agents & reviews 13. 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 onthe Redfin app & email 14. See Homes in Person1 2 15. 3. Finance Your Home Review your finances Check your credit score Find the right loan Get pre-approved 16. Latest Mortgage RatesType of Loan September 18, 2014 September 11, 201430-Year Fixed 4.23% 4.12%15-Year Fixed 3.37% 3.26%5/1 ARM 3.06% 2.99%1-Year ARM 2.43% 2.45% 17. 4. Make Your Offer Pricing & comparables Common contingencies Negotiations Mutual acceptance 18. 5. Closing Process Inspection Appraisal Financing & approval Title Closing! 19. The Closing ProcessSuccess! Theseller has agreedwith your priceand terms.Youve achievedmutualacceptance.The seller willdisclose anyknown problemswith the property.Deposit yourearnest money toprove youreserious about theoffer.Schedule aprofessionalhome inspection.Your agent willhave recom-mendations.The homesowner history andtitle for liens,encroachments,and easements isreviewed.Take your finalwalkthrough tolook for anyissues since theinspection.Select yourlender andsubmit your loanwithin three daysof mutualacceptance.Get your keys,take possession,and start moving!Sign all of thepaperwork atyour signingappointment.Complete theRedfin surveyfor your agent.Receive yourRedfincommissionrefund. 20. Home Inspection 21. Congratulations,You bought a home! 22. #3.Recap 23. Home Buying Timeline 24. #4.Conclusion 25. So, What Now?Make sure its 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! 26. Get More From Redfin Explore our online tools,including a home affordability calculator to find out how much you can afford, and thehome 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 homeon Redfin and receive monthly home reports. Sell your home:Work with a Redfin Agent to sell your home and get free professional photography andonline 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 atRedfin.com/Events. 27. Thanks for Coming!

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