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First time home buyers guide

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Pocket sized guide to purchasing your first home.

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Page 1: First time home buyers guide

BUYERS GUIDE

THE RASNER GROUP617-823-9780

Page 2: First time home buyers guide
Page 3: First time home buyers guide

MATERIALS INCLUDED:1 STEPS TO BUYING A HOME2 DO YOU WANT TO OWN?3 AS YOUR BUYER’S AGENT4 YOUR NEEDS AND BUDGET5 SELECT AND VIEW6 MAKING AN OFFER7 7 CLOSING

Page 4: First time home buyers guide

(FOR EXAMPLE: JACOB RASNER)

(END)

1 STEPS TO BUYING A HOME

2 YES

3 CHOOSE YOUR BUYER’S AGENT

4 ASSESS NEEDS AND BUDGET

2 DO YOU WANT TO OWN?

2 NO

Page 5: First time home buyers guide

5 SELECT AND VIEW HOMES

7 CLOSE

6 MAKE AN OFFER

Page 6: First time home buyers guide

ADVANTAGES:

• TAX ADVANTAGES• APPRECIATION• PRIDE OF OWNERSHIP• FINANCIAL SECURITY• CONTROL OF YOUR LIVING SPACE

2 DO YOU WANT TO OWN?

Page 7: First time home buyers guide

• MEET FOR CONSULTATION• KEEP YOUR INFORMATION CONFIDENTIAL• NEGOTIATE ON YOUR BEHALF• EXPLORE ALL OPTIONS OUTSIDE OF MLS• FIDUCIARY DUTY TO BUYER• FULL DISCLOSURE OF PROPERTY

3 AS YOUR BUYER’S AGENT

Page 8: First time home buyers guide

NEEDS:

• SEPARATE THINGS YOU ABSOLUTELY MUST HAVE FROM THINGS YOU'D LIKE TO HAVE.• KEEP IN MIND THAT THE AVERAGE OWNER SELLS WITHIN 3-5 YEARS.

4 YOUR NEEDS AND BUDGET

Page 9: First time home buyers guide

BUDGET:

• YOUR BUDGET DEPENDS ON HOW MUCH YOU CAN COMFORTABLY AFFORD EACH MONTH.• SIT DOWN WITH YOUR AGENT AND GO OVER ALL THE MONTHLY EXPENSES INVOLVED.• MONTHLY COST IS MOST IMPORTANT. YOUR HOME IS AN ASSET THAT WILL APPRECIATE IN VALUE.

Page 10: First time home buyers guide

5 SELECT AND VIEW• YOUR AGENT HAS ALL THE DETAILS ON EVERY HOME FOR SALE THROUGH THE MLS LISTING SERVICE• WHEN WORKING WITH A BUYER AGENT, HE OR SHE CAN ALSO SHOW YOU HOMES THAT ARE FOR SALE BY OWNER.•• AFTER SEEING A PROPERTY, GIVE THE AGENT HONEST FEEDBACK ABOUT WHAT YOU LIKED AND DIDN'T LIKE.

Page 11: First time home buyers guide

SOLD TWO BED CONDOSCAMBRIDGE | 2013

% SOLD OVER LIST

% SOLD UNDER LIST

Page 12: First time home buyers guide

PAPERWORK:

• THE OFFER TO PURCHASE• THE 3 PART ADDENDUM• PRE-APPROVAL LETTER• AGENCY DISCLOSURE• PROPERTY TRANSFER LEAD NOTIFICATION

6 MAKING AN OFFER

Page 13: First time home buyers guide

PROTECTION:

1 INSPECTION 2 REVIEW THE CONDO DOCS & BUDGET 3 REVIEW OF MASTER DEED, DECLARATION OF TRUST, RULE AND REGULATIONS AND CURRENT OPERATING BUDGET

Page 14: First time home buyers guide

• BRING CASHIER'S CHECK FOR CLOSING COSTS • ANY ADDITIONAL DOWN PAYMENT• INSURANCE POLICY• BRING DRIVER LICENSE

7 CLOSING

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ILYA JACOB RASNERREALTOR | VICE [email protected] LOVE US ON

THE RASNER GROUP617-823-9780RASNERSELLS.COM

KELLERWILLIAMSREALTY

CAMBRIDGE