Real Estate in 2016 Led by Dan Suwinski.

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Presentation transcript:

Real Estate in 2016 Led by Dan Suwinski

About Me 5 Years as a Realtor GRI Certified Local 

KCM Market Update

Buying Process Overview Choose a Realtor Get Preapproved by a Loan Officer Identify your wants/needs and search! Present offer Negotiate Terms Transition from Contract to Close ENJOY your new Home 

Finding a Realtor Look for a Local Expert Ask friends or family If someone you know has had a good experience with a realtor, that is a great place to start Read through reviews online from reputable sites Pick a Realtor that you feel comfortable with

Pre-Approval from a Loan Officer Loan officer your Realtor recommends Representative from your bank Someone a family member or friend has had a good experience with

Identify Your Wants/Needs

Making an Offer and Negotiating Coming up with a price range to settle Days on the Market Closing Credits Home Warranty Earnest Money

Sample Contract

Transitioning from Contract to Close Inspection Period Hire a Licensed Inspector to overlook the house and hardware Review report and discuss with Realtor/Attorney Attorney Review Attorney will review contract and make sure all terms are agreeable If repairs need to be made after the inspection, the attorney will request a credit/work order

Sign Closing Documents

Welcome Home!

Selling Process Overview Choose a Realtor Discuss and Decide Price Take tips from your Realtor to get your property ready to list Put home on Market Negotiate Offer (s) Transition from Contract to Close

Finding a Realtor Look for a Local Expert Ask friends or family If someone you know has had a good experience with a realtor, that is a great place to start Read through reviews online from reputable sites Pick a Realtor that you feel comfortable with

Discuss and Decide List Price

Get your Property Ready to List

List Your Home and Wait for Appointments!

Negotiate Offer

Transition from Contract to Close After buyer has inspection, negotiate any additional terms Make any necessary repairs Make moving plans

Enjoy Your Proceeds!

Popular Real Estate Websites Trulia Redfin Zillow Realtor.com HomePath

Pros of Real Estate Websites Maximum Exposure for listing your home 90% of home sales in 2015 started online Easier than ever before for a consumer to educate themselves on the local market Provides a means to locate Real Estate Professionals

Cons of Real Estate Websites Data is not always reliable Cross reference with other sites A good online profile doesn’t always transfer to a skilled agent

Skokie According to Trulia

Skokie According to Zillow

Skokie According to Realtor.com

Skokie According to Redfin

Redfin Search Results

Skokie Foreclosures on HomePath

Let’s Click Around! http://www.realtor.com/ http://www.zillow.com/ https://www.homepath.com/ http://www.zillow.com/skokie-il/home-values/

Questions?

Thanks for attending!