Dreaming of Your First Home Webinar

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Dreaming of Your First Home?:

Dreaming of Your First Home? Not Sure Where To Start?

Lots of Questions!:

Lots of Questions! How do I know if I’m ready to buy a home? How do I begin the homebuying process? How do I know how much a bank will loan me? Should I buy or continue renting? What is happening in the real estate market now?

Ok – I’m Ready To Start!:

Ok – I’m Ready To Start! First, talk to your Lender! Next, talk to your Realtor! Finally – make a Needs & Wants List!

I Found A House-Now What?:

I Found A House-Now What? Your Realtor will run a CMA (Comparative Market Analysis) Your Realtor will discuss price & terms to offer Your Realtor will write up your offer Your Realtor will present your offer to the seller’s agent Your Realtor will discuss the seller’s response with you You will decide how to respond to the seller’s response

Deciding on Price & Terms:

Deciding on Price & Terms How well priced is the home to begin with? How long has it been on the market? Is it a foreclosure, short sale or “as is” sale? How much do you like the home? How does this home compare to the others you have looked at?

What Will Be In The Offer?:

What Will Be In The Offer? All the legal necessities - buyer, seller, address, legal, agents! Your offer – price, terms, close date, type of loan, any closing costs! Any contingencies – inspections, financing, home sale, title! Any addendums – short sale, foreclosure

Offer Accepted – Now What?:

Offer Accepted – Now What? Make formal loan application with lender Schedule all inspections within the time frame in the contract Give notice where you are renting Decide on attorney/title company to do closing

Inspections:

Inspections Whole House Chimney Radon HVAC Roof Termite Well Septic

Ready to Close on Your Home?:

Ready to Close on Your Home? First, schedule a walk through on your new home just prior to closing! * Make sure agreed to repairs have been done! * Make sure home is in the same condition as when you made your offer! Next, you will go to closing at your settlement agent’s office! * Attorney will review the paperwork & witness your signature! * You will give your attorney the certified funds you need to bring! * Your attorney will give you the keys to your home! Congratulations!

This Webinar Brought To You By ---:

This Webinar Brought To You By --- Barbara A. Reagan ABR, GRI, ePro , CRS, SFR, CDPE Long & Foster Realtors 3450 Pump Rd. Henrico, VA 23233 Web: www.YourRichmondHome.com Blog: www.RichmondRealEstateTalk.com Cell: 804-869-1191

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