Real Estate For Newbie www.maryellenwood.com Real Estate For Newbie.

Slides:



Advertisements
Similar presentations
TITLE 101 Introduction A real estate investment is substantial, perhaps your clients largest outlay of money, and therefore, the largest risk. A real estate.
Advertisements

Family Economics and Financial Education Take Charge of your Finances
AMERICAN LAND TITLE ASSOCIATION HOMEBUYER PRESENTATION.
Virginia Affordable Housing Title Services 101. What in the World is... Virginia Affordable Housing Title Services (a.k.a. VAHTS)
The Difference Between Renting and Owning a Home
Renting vs. Owning The Difference Between Renting and Owning a Home.
Housing MortgageVocab Advantages True or False.
Carl Johnson Financial Literacy Jenks High School.
The Housing Expenditure. Objectives Discuss the options available for rented and owned housing and whether renters or owners pay more for housing. Determine.
Finding and Selecting a Home.  What Are the Steps for Buying a Home? 1.Determine if you should rent or buy 2.Determine how much you can afford to spend.
FIRST TIME HOMEBUYER What do you need to know to make buying your first house easy and affordable.
Buying a Home. Renting a House AdvantagesDisadvantages.
Contract to Purchase 1 Contracts to Purchase Real Estate Real Estate I Mike Brigner, J.D.
Renting vs. Owning The Difference Between Renting and Owning a Home.
Renting vs. Owning Family Economics and Financial Education Take Charge of your Finances.
Law for Business and Personal Use © South-Western, a part of Cengage LearningSlide 1 Chapter 18 Ownership and Leasing of Real Property Chapter 18 Ownership.
Steps & Finances Involved in Buying a Home cont. Step #2: Determining Preference What else to consider besides financial readiness and location when shopping.
RENTING VS. OWNING FAMILY ECONOMICS AND FINANCIAL EDUCATION TAKE CHARGE OF YOUR FINANCES.
 Security deposit – a refundable amount a renter pays in advance to protect the owner against damage or nonpayment.  Mortgage – a loan to purchase real.
© Oklahoma State Department of Education. All rights reserved.1 Housing Alternatives Standard Renting vs. Buying.
1 Chapter 1 An Introduction to Real Estate Investments: Legal Concepts.
Eastern Mortgage Services, Inc. HELPING YOU TURN “FOR SALE BY OWNER” INTO SOLD! Presented By: Donald Chase, Loan Officer Eastern Mortgage Services, Inc.
Renting vs. Owning G1 © Family Economics & Financial Education – Revised March 2009 – Housing Unit – Renting vs. Owning a Home Funded by a grant.
Homeclosing101.org 1800 M Street, NW, Suite 300S, Washington, D.C | P | F | homeclosing101.org THE HOMEBUYER CHECKLIST:
Housing Legal and Financial Decisions.. Lease Lease – Legal document between the owner of the property and the person wishing to occupy the property.
Renting vs. Owning Economics2015.  Housing is the largest personal expenditure (About 1/3 of a person’s income.)  Choosing where to live is based upon.
Chapter © 2010 South-Western, Cengage Learning Buying a Home Why Buy a Home? The Home-Buying Process 22.
© South-Western Educational Publishing Buying a Home.
The Home-Buying Process Finding and Selecting a Home.
Buying and Selling Real Property CHAPTER THIRTY-ONE.
Section 7.3. The Home Buying Process Buying a home will probably be the most expensive purchase you ever make. You will need to determine your home ownership.
Foreclosure Real Estate Information in Canada. Foreclosure Homes at Massive Discount.
How To Know When To Hire A Lawyer
How To Know When To Hire A Lawyer-
MYPF 13.1 Why Buy a Home? 13.2 The Home-Buying Process
Chapter 12 Real Estate Brokerage and Listing Contracts
Types of Agreements.
Chapter 18 Ownership and Leasing of Real Property
Family Economics and Financial Education Take Charge of your Finances
Military/ Veteran’s Home Buying Guide
Housing: A Place To Call Home
College lesson three buying a home presentation slides 04/09.
Lesson 13.2 The Home-Buying Process
Chapter 7 Selecting and Financing Housing McGraw-Hill/Irwin
THE HOMEBUYER CHECKLIST: 10 STEPS TO BUY YOUR HOME WITH CONFIDENCE
The Housing Decision: Factors and Finances
Family Economics and Financial Education Take Charge of your Finances
CHAPTER 16 Real Property.
Real Estate Law
Housing: A Place To Call Home
Tips on Mortgage Brokers
Buying A Home Objective: SWBAT evaluate the different types of housing and the advantages and disadvantages of purchasing a home Do Now: What are some.
Mortgage Broker - The Ultimate Home Buyer's Guide
Chapter 7, Section 3 Home Buying Process
Major Expenditures: Housing, Transportation and Food
The Difference Between Renting and Owning a Home
Family Economics and Financial Education Take Charge of your Finances
FEFE Take Charge of your Finances
Teens lesson five buying a home presentation slides 04/09.
Houses vs Apartments.
Chapter 9: The Housing Expenditure
Virginia Affordable Housing Title Services 101
Chapter 9: The Housing Expenditure
Family Economics and Financial Education Take Charge of your Finances
Family Economics and Financial Education Take Charge of your Finances
Family Economics and Financial Education Take Charge of your Finances
© OnCourse Learning.
Teens lesson five buying a home presentation slides 04/09.
The Buying Issue The Buying Issue
Presentation transcript:

Real Estate For Newbie www.maryellenwood.com Real Estate For Newbie

Buying and selling property is actually a challenging procedure that needs the help of a realtor and an objective attorney. There are many actions that must be made before a legitimately binding real estate deal can be finished. Real Estate For Newbie www.maryellenwood.com Buying and selling property is actually a challenging procedure that needs the help of a realtor and an objective attorney. There are many actions that must be made before a legitimately binding real estate deal can be finished.

Zoning laws influence the kind of house that can be situated in a particular place. If you’re trying to begin a home business, use a rental as part of your house or have a multi family house, zoning laws will impact whether you can set up these kinds of structures in the region. Zoning Laws www.maryellenwood.com Zoning Laws Zoning laws influence the kind of house that can be situated in a particular place. If you’re trying to begin a home business, use a rental as part of your house or have a multi family house, zoning laws will impact whether you can set up these kinds of structures in the region.

Keeping the Home Secure If you are selling a house, it is necessary that you have specific steps to guard your property and financial well-being. If a visitor is hurt while on your residence, he may be able to make a claim for property liability when the house is held in a irresponsible condition. Keeping the Home Secure www.maryellenwood.com Keeping the Home Secure If you are selling a house, it is necessary that you have specific steps to guard your property and financial well-being. If a visitor is hurt while on your residence, he may be able to make a claim for property liability when the house is held in a irresponsible condition.

Keeping the Home Secure Ensure that you eliminate any possible risks and call your home insurance provider to make sure that when there is an accident that you’ll be protected. Restricting the opportunity to access the house by giving the real estate agent that exhibits the property to potential customers can help keep your property safer. Keeping the Home Secure www.maryellenwood.com Ensure that you eliminate any possible risks and call your home insurance provider to make sure that when there is an accident that you’ll be protected. Restricting the opportunity to access the house by giving the real estate agent that exhibits the property to potential customers can help keep your property safer.

A real estate agent can help you in looking for houses. Every big city includes a website enabling potential house buyers to look for properties according to certain guidelines, like the number of rooms, geographic location and value. Possible home buyers frequently find many houses before they create a deal on a property. Looking for Homes www.maryellenwood.com Looking for Homes A real estate agent can help you in looking for houses. Every big city includes a website enabling potential house buyers to look for properties according to certain guidelines, like the number of rooms, geographic location and value. Possible home buyers frequently find many houses before they create a deal on a property.

Knowing that you’re interested in a home, the next thing is to create a deal. This deal is a legally binding activity. Deals are frequently written up on a typical form that can be made by a lawyer or real estate agent. It usually consists of the value that the buyer wishes to purchase the property, the time frame and any circumstances, such as financing or a home check. Making a Deal www.maryellenwood.com Making a Deal Knowing that you’re interested in a home, the next thing is to create a deal. This deal is a legally binding activity. Deals are frequently written up on a typical form that can be made by a lawyer or real estate agent. It usually consists of the value that the buyer wishes to purchase the property, the time frame and any circumstances, such as financing or a home check.

As soon as you send in your offer, the owner has the decision to take the offer, deny the offer or provide a counteroffer. Making a Deal www.maryellenwood.com As soon as you send in your offer, the owner has the decision to take the offer, deny the offer or provide a counteroffer.

Before the deal is concluded, the title must be evaluated Before the deal is concluded, the title must be evaluated. This is a crucial phase of the home buying process. A title evaluation will show if the home is free from any liens, easements, restrictive covenants or any other parties’ interests. Let’s say you sell the house, you will be given the chance to fix any problems in the title, like paying off old obligations that are demonstrated as liens on the property. Title Evaluation www.maryellenwood.com Title Evaluation Before the deal is concluded, the title must be evaluated. This is a crucial phase of the home buying process. A title evaluation will show if the home is free from any liens, easements, restrictive covenants or any other parties’ interests. Let’s say you sell the house, you will be given the chance to fix any problems in the title, like paying off old obligations that are demonstrated as liens on the property.

The final action of the real estate procedure is closing The final action of the real estate procedure is closing. The home purchaser will sign many forms and have the mortgage note and advance payment ready. The owner provides marketable title and the deed to closing. Closing www.maryellenwood.com Closing The final action of the real estate procedure is closing. The home purchaser will sign many forms and have the mortgage note and advance payment ready. The owner provides marketable title and the deed to closing.

Looking for a residential realtor? I would love the opportunity to help you find or sell that special home. Mary Ellen Wood www.maryellenwood.com Looking for a residential realtor? I would love the opportunity to help you find or sell that special home. Mary Ellen Wood www.maryellenwood.com