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Buying Your
First Home
Overview
Metro1 Realty
Renting v Ownership
Financing
House Hunting
Home-Hunter
Contract to Closing Flow Chart
Negotiations
Home Owner Protection
Action
Residential / Commercial
Full Service Agency
Kentucky and Indiana
Buyer Program
Availability
Committed to Excellence
www.Metro1Realty.com
Member of Multiple Associations
Cutting Edge Technology
Renting v Ownership
FinancingWhy it’s Important
Which is Better
Standard
Particular
PITI
Principal
Interest
Tax
Insurance
Home
Mortgage (80/20)
Realtor / Loan Officer
Grant
100% Financing
Down Payment Assistance
Government Agencies
Non Profit Organizations
Seller Concessions
Closing Costs
Rate Buy Down
Prepaid Items
The Holy Grail :
Bring no cash to closing
Prequalification Letter
House Hunting
On Your Own
Internet
Drive-bys
Cost
With A Realtor
MLS
Professional Lists
Cost
Client / Customer
Dual Limited Agency
Exclusive Buyer Agency
Procuring Cause
Home-Hunter Map Search Cutting Edge Technology
Automated
Daily
Color Photos
Videos
Map
Search Area
Area Map
Zip Codes
Neighborhoods
School District
Concentric
Search Criteria
Bedrooms
Baths
Square feet
Lot size
Fireplace
Style
Anything else…..
Contract to Closing
Negotiations Get the Facts – Comps (CMA)
Past Sales
Current Listings
Condition
Bathrooms
Garages
Square Feet
More….
_______________________
Other Factors
The Other Party
Negotiation History (New Homes)
“Standard” % Reduction
Price
Days to Close
Possession
Repairs
Termite Treatment
Good Faith Deposit
Terms
Getting to Yes: Negotiating Agreement Without Giving In. Roger Fisher and William Ury
You will Get What You Negotiate
Not What You Deserve
Home Owner Protection
Home Inspection
FHA “Inspection”
Home Insurance
Credit Score
Cost
Deductible
Home Warranty
Cost
Deductible
Owner’s Title Insurance
Mortgage Insurance
ActionMeet with Lender
Become Prequalified
Establish Essential Home Criteria
Meet with Realtor
Receive Daily Home-Hunter Properties
View Homes
Offer Contract
Close: 15 – 45 Days
Thanks
For Attending!
502-254-9600
www.Metro1Realty.com
12504 Nassau Lane, Louisville, Kentucky, 40243
