This presentation is used for first time home buyers looking to buy a home in the Louisville Kentucky area. It shows the steps a home buyer must take from becoming pre qualified with a mortgage to contract negotiations and through to closing.

1. Buying Your
First Home

2. Overview
Metro1 Realty
Renting v Ownership
Financing
House Hunting
Home-Hunter
Contract to Closing Flow Chart
Negotiations
Home Owner Protection
Action

3. Committed to Excellence
 Residential / Commercial
 Full Service Agency
Member of Multiple Associations
 Kentucky and Indiana
 Buyer Program
 Availability
Cutting Edge Technology
www.Metro1Realty.com

4. Renting v Ownership

5. Financing
The Holy Grail :
Bring no cash to closing
Realtor / Loan Officer
Grant
Prequalification Letter
 Why it’s Important
 Which is Better
Standard
Particular
PITI
100% Financing
Down Payment Assistance
Government Agencies
Non Profit Organizations
Seller Concessions
Closing Costs
Rate Buy Down
Prepaid Items
Principal
Interest
Tax
Insurance
Home
Mortgage (80/20)

6. 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

7. 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…..

8. Contract to Closing

9. 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

10. Home Owner Protection
Home Insurance
Credit Score
Cost
Deductible
Home Warranty
Cost
Deductible
Owner’s Title Insurance
Mortgage Insurance
Home Inspection
FHA “Inspection”

11. Action
Meet with Lender
Become Prequalified
Establish Essential Home Criteria
Meet with Realtor
Receive Daily Home-Hunter Properties
View Homes
Offer
Contract
Close: 15 – 45 Days

12. Thanks
For Attending!
502-254-9600
Neil@Metro1Realty.com
www.Metro1Realty.com
12504 Nassau Lane, Louisville, Kentucky, 40243