FINDING YOUR NEW HOME

Welcome to the fun and exciting dream of owning your own home!

READY FOR THE RIDE OF YOUR LIFE?

• This is an exciting, frustrating scary process for everyone
• Believe me when I tell you...we will experience all of those feeling and more!
• There's so much to talk about so let's get started.

Dream the Dream
We call this the "wish list". What is it you'd like the have in your new home? Bedrooms, bathrooms, garage, fireplace, what town,what style...these are just a few of the questions we need to come together on. The key is be realistic. We all want a 6000 sq foot Colonial, with 4 beds and 3 baths but...what's realistic?

FINANCIAL QUALIFICATION:

• The best buyer is a qualified buyer and in order to be that we must talk to a lender to determine how much they'll lend to us in a mortgage. After that we need to decide how much we're comfortable investing on a monthly basis...I'm committed to you owning your home not the home owning you!

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• You can go anywhere you like for your mortgage or I can help by referring you to one of my best lending partners
• Once we achieve this we're the best buyer going, a qualified buyer

DIFFERENT TYPES OF HOMES WE'LL SEE IN THE MARKETPLACE

• Seller sale: The Best! 1 buyer, 1 seller. Everyone is serious and vested. Typically negotiations and the process goes reasonably smoothly

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• Foreclosed or Bank Owned: These aren't as good as a Seller sale but they're better than something called a short sale. There's a number somewhere in a file and the first person to offer that will win. Typically these need substantial work.

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• Short Sales: THE WORST! These are houses that are priced lower than the balance on their mortgage and the current owner is asking the bank to forgive the difference. As you can imagine this is not good news and it takes months or more to even get the bank to make a decision. BAD

BUYERS AGENCY CONTRACTS

• Many agents want you to sign a contract...don't they trust you?
• My buyers service pledge and a handshake
• All I ask is open, honest communication and if I'm not doing the job, Fire Me!

NOW THE SEARCH IS ON...

• We'll search high & low through every means possible.
• When we find a possibility, ride by. Check out neighbors, cars, houses. Get a "first impression"
• When we're there we'll likely be looking at different things and that's good.
• One house on the top of our list, everyone else has to knock that one off.

OPEN hOUSES

• Open houses are fun, interesting and appealing
• CRITICAL you must sign in with my name as your representative
• Poker face (then call me)

WE FOUND IT!!!!

• First understand this could be house number 5, 8, 10 or even 1!
• You must have the faith and trust that I see 100's every month. I know value, I know our goals and I won't steer you wrong
• Lastly I need permission to say "I think this is the one". What you do from there is completely your decision and I'll support you.

TIME TO MAKE THE OFFER...

• We're going to do a comprehensive analysis to validate our investment
• Prepare an offer detailing all of our terms, conditions and amount
• That offer can be either accepted, rejected or countered but we need to apply logic and patience

MULTIPLE OFFERS AND DISAPPOINTMENT

• In today's market multiple offers are typical and when you're in that position you must be aggressive but secure to win
• And unfortunately ready yourself for a couple of disappointing misses before we get our WIN!!!

OFFER ACCEPTED!

• So we won! Once our offer is accepted we’ll move swiftly into Purchase and Sales agreements. A standard RI REALTORS Association form that basically says the same thing as our offer but now in 5 pages.

INSPECTION TIME!

• We now will have 10 days to do formal/professional Inspections.
• Average investment is $300-500 and very well worth it to protect from the unknown as best as possible.
• No property is prefect...inspectors point out everything, our job is to separate the big things from the little things

MORTGAGE TIME!

• Once we’re satisfied with the inspections we’ve got to get the ball rolling on the actual mortgage application...we’re closing in 30-45 Days ya know! 😉

So we found our home, negiotated price and terms, got through inspections and finished our mortgage application now what...

Try to sit back and relax...easier said than done believe me. I will be working hard with everyone involved to get you to the closing table! Lenders, attorneys, fire inspectors, other agents, I’m on it

IT’S CLOSING DAY!!!! 😊

• We’ll start our day with a “walk-through” at the house to be sure it’s in the condition we expect.
• Then we’re off to the Attorneys or lenders to sign about 600 pieces of paper...

The reality is there’s about 3 important documents
1) Federal Lending disclosures 3 days ahead
2) The deed transferring the property from them to you
3) The mortgage doc’s showing all payment details

IF YOU PAY YOU STAY IF YOU DON’T YOU WON’T

CONGRATULATIONS!

THANK YOU!

QUESTIONS???