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Homebuying 101

Published on Nov 29, 2015

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PRESENTATION OUTLINE

Homebuying 101

U of W Real Estate Club

Why
What
Where
When
How

Photo by Oberazzi

WHY?

Photo by hang_in_there

PAYING RENT

IS NOT A GOOD INVESTMENT

YOU WANT MORE LIVING SPACE

TO MOVE AROUND
Photo by vectorlyme

YOU DON'T WANT TO BE TOLD

HOW TO DECORATE YOUR OWN HOME
Photo by dok1

A LANDLORD DOESN'T TELL YOU

WHO CAN BE YOUR BEST FRIEND
Photo by Rob Swatski

YOU START TO BUILD

FAMILY WEALTH & INVEST FOR RETIREMENT
Photo by 401(K) 2013

KCM

18, 19,20, 21

WHAT?

CONDO (+)

  • Urban Areas
  • No Maintenance
  • More affordable
  • Secure - Lock & Go
  • Sense of Community
  • HOA dues force savings
  • Economy of Scale
Photo by jdeeringdavis

CONDO (-)

  • Rental/Pet Restrictions
  • First down/Last up
  • Special Assessments $$
  • Drama/Bickering
  • Rules & Regulations
Photo by MSVG

HOME +

  • Control Environment
  • Remodel at Will
  • Flexible to Rent
  • Better Long-term Fit
  • Better Investment
  • No HOA Dues

HOME -

  • Maintenance
  • Budget for Big Repairs
  • Generally More Expenses
  • Further from Urban Core
  • Remodel-itis

WHERE?

Commute
Family
Investment
Future

Photo by diffendale

Capitol Hill
Queen Anne
Edmonds
Ravenna/Greenlake
Kirkland
West Bellevue

Photo by Great Beyond

Bothell/Kenmore
Lynnwood
Shoreline
Lake Forest Park
Burien
Columbia City

Photo by Great Beyond

WHEN?

AS SOON AS YOU CAN

Photo by sammydavisdog

KCM

slides 14, 2,

HOW?

CHOOSE A REAL ESTATE BROKER

A PERSON, NOT A CLICK

SELECT FOR

  • Passion
  • Experience
  • Commitment
  • Excellence
  • Technology
  • Personality/chemistry
Photo by blentley

NOT FOR A REBATE

  • Pay on average 3% more
  • Don't know latest winning strategies
  • Not available 24/7
  • Passed from one person to another
  • Expect you to find it yourself
  • Don't help you through the rough spots
  • Aren't there after you close
  • You're a transaction, not a client

TOP AGENTS

  • Know the market
  • Suggest homes & areas
  • Help you avoid over-paying
  • Minimize risks while making your offer stand out
  • Only succeed when you succeed

GET STARTED

  • Research areas
  • Analyze needs
  • Search online
  • Go to open houses
  • Prepare financially
Photo by tableatny

QUESTIONS?

Photo by Scott McLeod