Haven

HOME OWNERSHIP WITH HAVEN

Presented by Tervor Ottswww.betterlifebettercredit.com

Presentation

Video...

HOME OWNERSHIPWITH HAVEN

The points are…

What is HAVEN?

Home Ownership Survey?

…

…

…

OUTLINE

Presented by Trevor Ottswww.havenrealtycenters.com

WHAT IS HAVEN?

HAVEN is…

The safest place in Real State.

More than a real state company.

WHAT IS HAVEN?

Is a Movement!.

HAVEN is a MOVEMENT…

To create Real State

Professionals that are

service driven, not

commission driven.

WHAT IS HAVEN?


To require Real State

Professionals to be

conscientious about

the welfare of the

costumer.

WHAT IS HAVEN?


To ensure that Real State

Professionals strive to

exceed the

expectations of your

customers.

WHAT IS HAVEN?

OUR MISSION is

To protect you during

the real state transaction.

We help you achieve

your dreams and realize

your goals and your

highest aspirations.

WHAT IS HAVEN?

But… WHY ME?

Because we care about…

WHAT IS HAVEN?

CUSTOMER COMMUNITY YOU

OUR MISSION is

to Help YOU!

WHAT IS HAVEN?

Who I am?...

Have 15 years of Experience,

Energetic,

Enthusiastic,

Dedicated.

Caring.

ABOUT ME


HOME OWNERSHIP SURVEY

Survey…

Thank you for answering the survey.

Now it is time to CONTINUE…

HOME OWNERSHIP


REALISTIC EXPECTATIONS

$ 100,000 $

1,000,000

Fact…

Homebuyers who have a

realistic perspective on

the home purchasing experience

find homes at a FASTER rate

than those who DON’T.


From me to have a realistic perspective……

I MUST understand that…

WHAT IS REQUIRED


1. Some areas are more expensive than others…

WHAT IS REQUIRED


2. My finances play a GREAT factor in

what I CAN afford.

WHAT IS REQUIRED


3. This is NOT my last home.

WHAT IS REQUIRED

My Starter Home…

Let’s assume I paid $100,000

THIS IS NOT MY LAST HOME

Later I sell it for $200,000

How much did I make $100,000

Now it is time to purchase My Dream Home…

I made and placed a down payment of $100,000


Let’s assume I paid $200,000

How much did I owe $100,000

So…

I have upgraded my home

without upgrading my

payment!!!


Am I The Type of Buyer that would prefer to get…

1. More property (Maybe a large

house with more bedrooms or more

space etc.) in a less popular

Neighborhood

STREAMLINING MY CHOICES


2. Less property (Maybe a smaller home,

less rooms or less space.

Perhaps a townhouse

instead of a single family

home etc.) in a more

popular neighborhood.



3- I’m willing to pay whatever premium that is required to have the size & type of

Home I Desire in the Areas I Prefer and I can

Afford it.


It is time to….

CHOOSE ONE!

BE REALISTIC

The Sequel.…

As an informed and

educated buyer, I must

bring my CHOICES in line

with my FINANCIAL

CAPABILITIES.


I….

Can make realistic

choices and bring them in

line with my financial

capabilities by Balancing

My Understanding of:


Of…

Different Areas Different Prices


1. Different Areas VS Different

Prices

Of…


1. Different Areas VS Different

Prices

Of…


2. What I want VS What I need

Of…


What I need?…

A CAR that…Is just for me (I am single)

Does not spent so much gasIs confortable

And safe.

Of…


3. What I Want VS What Can I

Afford?

I CAN Afford…A 10K – 13K

Less than 155” Length By Chevrolet…

Of…


So … Let me Introduce the car

you need and can afford.

Well…

This situation

happens with

houses too…


Of…


What I want?

Of…


What I need?

A House that…Is for my wife,

my 2 small children and me Reasonable Price

ComfortableIn a safe area.

Of…


What Can I Afford?

I CAN Afford…A 100K House…

Of…


So … Let me Introduce the house

you need and can afford.

We are…

A Team and as a team our goal is to…

Get the MOST amount of house

for the LEAST amount of money

for the LOWEST monthly payments!



TEAM WORK makes the DREAM WORK

It is important to say that…

Where there is NO investment there

is No Appreciation


I should expect to invest…

My Time

Purchasing a home does not happen

overnight it requires giving up your time and

being inconvenienced.

WHAT DO I HAVE TO INVEST?


My Energy

Looking at homes is labor intensive. It usually

involves a lot of walking so wear comfortable

shoes.



My Emotions / Sanity

Purchasing a home can be an emotionally

draining experience.



My Money

There are 2 sets of fees associated with purchasing

any home. These fees are commonly referred to as

a Down Payment and/or Closing Cost. There is no

such thing as purchasing a home with no fees.


Well…

There is a possibility

of purchasing a

home with

REDUCED Fees.



HOW MUCH?

You should know….

There are two major costs

associated with home ownership are

closing costs and down payment.

HOW MUCH?

And these are…

Closing Costs

Down Payment

HOW MUCH?

Closing Costs…

Are the fees associated with

purchasing a home. Generally

they equal 6% of the

purchase price. It includes

everything from state and

county taxes to mortgagee

fees and appraisal costs.

HOW MUCH?

Think of Closing costs like this…

Closing cost usually

average about 6% of the

sales price or $6,000 for

every $100,000 in the

sales price of the home.

Let’s see some examples…

HOW MUCH?

Examples…

HOW MUCH?

Example 1:

I decide to purchase a home for $100,000. My C.C. will be…

100,000X 6%

6,000Closing Costs = 6,000

Examples…

HOW MUCH?

Example 2:

I decide to purchase a home for $200,000. My C.C. will be…

200,000X 6%

12,000Closing Costs = 12,000

Down Payment…

Is the amount the client invests into the ownership of the home,

there by reducing the overall

loan amount. Down payment can

be anywhere from 0% to 20%

depending on the lenders

requirements and the clients desire.

HOW MUCH?

Think of Closing costs like this…

The average Down Payment

amount is 3% or $3,000 for

every $100,000 in the sales

price of the home.

Let’s see some examples…

HOW MUCH?

Examples…

HOW MUCH?

Example 1:

I decide to purchase a home for $100,000. the average amount that the client would need to invest is 3%. What is the Loan Ammount?

The total amount that the bank is lending YOU is 97,000

100,000X 3%

3,000

100,000- 3,000

97,000

Examples…

HOW MUCH?

Example 2:

I decide to purchase a home for $200,000. the average amount that the client would need to invest is 3%. What is the Loan Ammount?

The total amount that the bank is lending YOU is 194,000

200,000X 3%

6,000

200,000- 6,000

194,000

It is important to know…

Closing

Costs

Down Payment

Total funds neede

d to purcha

se

HOW MUCH?

Think like this…

If Down Payment = 3%

And Closing Cost = 6%

The Total funds needed to

purchase is 9% of the sales

price of the home. Or 9,000

for every 100,000 in the sales

price of the home

HOW MUCH?

Examples…

HOW MUCH?

Example 1:

For a $100,000 house. I need…

100,000X 3%

3,000Closing Cost

100,000X 6%

6,000Down Payment

3,000+ 6,000

9,000Total funds

needed

Total settlement cost =$109,000

Examples…

HOW MUCH?

Example 2:

For a $200,000 house. I need…

Total settlement cost = $218,000

200,000X 9%

18,000


HOMEBUYER ASSISTANCE PROGRAMS

Haven Realty Centers…

Offers 3 Homebuyer assistance programs to determine

which program is best for you.

It will be necessary to consider your credit score,

your income and your financial savings.

NO ONE WILL BE TURNED AWAY!

ASISTANCE PROGRAMS

They are…

Program #1: The buyer assistance program

Program #2: The rent to own program

Program #3: The credit intervention program

ASISTANCE PROGRAMS

These Program is…

for clients with OK to

great credit, but low

on cash to invest into the

home purchase

transaction.

BUYER ASSISTANCE PROGRAM

These Program is…

Federal Housing

Administration

Requires approximately a 3% down payment

Not a credit based loan.

Purchaser can

receive funds

from 3rd party

agencies.

ADDI, HPAP, CDA

Non profit agency that

provides down payment

assistance to home buyers.

Requires participatio

n by the Buyer and

Seller.

SAP– Seller

Assistance ProgramSeller contribute the necessary

funds on behalf of the purchaser thus allowing the purchaser to own their home for little to no

money out of pocket.

BUYER ASSISTANCE PROGRAM

These Program is…

For clients with damaged

credit and some funds

saved for investing into

the transaction. (Usually

one percent of home

purchase price).

RENT TO OWN PROGRAM

These Program is…

Clients in this program agree to rent a home for a period of 1 to 3 years. During that period of time the customer agrees to work earnestly on repairing credit issues. Afterwards client will be able to acquire a loan and take ownership of the home.

There are rent to own programs in Prince George’s County, Montgomery County, Baltimore, Charles County and Washington D.C. These homes are sponsored by participating realtors and sellers. They are considered on a case by case basis and include factors such as a client’s credit score, income and financial savings.

Clients in the Rent To Own Program must me enrolled in a credit intervention company. The client may choose their own credit intervention company. The cost for credit intervention is the clients responsibility.

RENT TO OWN PROGRAM

These Program is…

Low credit High commitment

Client must seek professional help with their credit. The client must pay for this service

Client must have saved the equivalent of first and last months rent

Client will not be able to look at homes until steps 1 thru 3 are complete

RENT TO OWN PROGRAM

These Program is…

For clients who lack

the necessary

credit and funds necessary to purchase a

home.

CREDIT INTERVENTION PROGRAM

These Program is…

DIY (Do It Yourself) Credit Intervention

• Provide you with the necessary literature to dispute and repair your credit.

Intermediate Credit Intervention

• A low cost solution to credit restoration. A specialist charges a monthly fee between 35 and 75 dollars depending on the severity of the case.

Aggressive Credit Intervention

• For those who want immediate results. This is an attorney driven credit restoration.

RENT TO OWN PROGRAM


ENROLLMENT & CREDIT AUTHORIZATION FORM

Of…

ENROLLMENT

Client must turn in pages 2, 3, 4

and 13 at the front.

To enrollment fee is $65 for

individuals and $85 for couples.


QUESTIONS?

ALWAYS FOLLOW YOUR

DREAMS.

Presented by Trevor Ottswww.betterlifebettercredit.com

Business

Haven