Your Dream Home Team

1. Your Dream Home Team “Representing First Time Home Buyers in Pursuit of Their Dream”

2. Your Dream Home Team • You are the Chairperson on the Board • Choose your board members with care

3. Dream Home Team Members Lender – April Horton Realtor – Lela Hankins Inspector – Mike Munyer

4. Dream Home Team Lender April Horton Home Mortgage Consultant

5. Why Buy Instead of Rent? • Buying a home can be a wise investment • Typically, a home increases in value over time. • You build ownership interest called equity. • Interest paid on home mortgage is usually tax deductible.

6. So Where Do I Start? • Put together a personal “Dream Home Team” of experts: • Realtor • Certified Public Accountant • Home Inspectors, Escrow, Title, Etc. • Home Mortgage Consultant

7. What will the Home Mortgage Consultant do for YOU? • Explain the process from start to finish • Credit • Loan Programs & Payments (PITI) • Preapproval-Determine Affordability so you can get started!

8. How Important is Pre-Approval? • We recommend applying for a loan preapproval before you begin your home search. • Find out exactly how much home you can afford. • Complete the application and credit review stages of the mortgage process.

9. How Important is Preapproval? (Continued) • You may be asked to provide documents or letters that: • Verify income for loan qualification. • Confirm down payments and closing costs. • Clarify incorrect items on your credit. • Verify your debts used to ensure accuracy.

10. Now It’s Time For The Next Stage • Comfort Level and Trust are key when deciding on your “Dream Home Team”. • Find a Lender. • Find a Realtor. • Find a Home Inspector.

11. Dream Home Team Realtor Lela Hankins Broker Associate RE/MAX Professionals

12. Our Mutual Objective • To Find YOUR Dream Home • At the best possible price • In the shortest amount of time • With the most favorable terms, and • With as little hassle as possible

13. Where do we find YOUR Dream Home? • Homes currently listed for sale in the multiple listing service • For sale by owners • New Homes • Special Marketing Campaign by Buyer’s Agent • Homes for sale by friend or acquaintance of buyer

14. Buyer’s Agent Professional Commitment to YOU • Work with you and your lender to determine your desires, needs and qualifications • Show you homes which meet your needs • Prepare a Comparative Market Analysis before writing an offer

15. Buyer’s Agent Professional Commitment to YOU continued • Write the offer and negotiate purchase agreement • Point out anything they see which could negatively impact the value of the home

16. Buyer’s Agent Professional Commitment to YOU continued • Provide you with a list of service providers • Handle details during escrow • Follow up and “trouble shoot” after close of escrow

17. Your Dream Home Team Inspector Mike Munyer Peak Property Inspections

18. Why is Home Inspection Important? • Easton vs. Strassburger • No Licensing in California • B&P Code is only regulation • Look for CREIA or ASHI • Gives you Home Maintenance Coach even after you move in!

19. A Home Inspection Is….. • Generalist’s view • Non-invasive physical examination • Three to four hours average • Provides a computer generated report • Determines severity of noted problems

20. A Home Inspection Is NOT… • Destructive Testing • X-ray “leak detection” vision • Code Enforcement • Appraisal • Home Warranty

21. Home Inspection Reports • Checklist or narrative • Include photos • May recommend further evaluation • Do not use terms such as asbestos, termite or mold

22. Dream Home Team • Choose your team members wisely based on their experience, your trust and level of comfort with them • YOU are always Chairperson on the Board – build your team accordingly.