Home Buying Class Presented by Dave Caraway

Meet Dave Dave Caraway Redfin Agent ● 255 Redfin buyers & sellers ● 4.88 star rating (31 reviews)

About Redfin A better way to buy & sell On Your Side Redfin Agents are paid based on your satisfaction, not commission, so your interests always come first. Smarter & Faster Move quickly and confidently with our easy online tools and the most complete and accurate home sales data available. You Get More Get full service and better results while saving thousands in fees. 100% Team Support You’ll work with a team of real estate pros, so there’s always someone ready to help.

Agenda 1. Local Real Estate Trends 2. Home-Buying Process 3. Recap 4. Conclusion

#1. Local Real Estate Trends

Bellevue Real Estate Overview Median List Price$858K Median List $/Sq. Ft.$409 Median Sale Price$660K Median Sale $/Sq. Ft.$317 Median Sale/List102.3% Average Number of Offers4.1 Average Down Payment22.5% Number of Homes Sold549 Calculated using the last 90 days

Trending: Bidding Wars

New Construction

Foreclosures & Short Sales

#2. Home-Buying Process

Before You Buy ● Rent vs. own ● Length of ownership ● Life changes (family, job) ● Personal finances

Overview of the Home-Buying Process 1. Research 2. Search for Homes 3. Finance Your Home 4. Make Your Offer 5. Closing Process

1. Research Home wish list Location & neighborhoods Mortgage loans & pre-approval Real estate agents & reviews

2. Search for Homes Create a wish list for home features Check out open houses See homes in person on home tours Save searches on Redfin and get notifications on the Redfin app &

See Homes in Person

3. Finance Your Home Review your finances Check your credit score Find the right loan Get pre-approved

Latest Mortgage Rates Type of LoanFebruary 5, 2015May 14, Year Fixed3.59%3.85% 15-Year Fixed2.92%3.07% 5/1 ARM2.82%2.98% 1-Year ARM2.39%2.48%

Break! ● Dave Caraway

4. Make Your Offer Pricing & comparables Common contingencies Negotiations Mutual acceptance

5. Closing Process Inspection Appraisal Financing & approval Title Closing!

The Closing Process Success! The seller has agreed with your price and terms. You’ve achieved mutual acceptance. Deposit your earnest money to prove you’re serious about the offer. The seller will disclose any known problems with the property. The home’s owner history and title for liens, encroachments, and easements is reviewed. Schedule a professional home inspection. Your agent will have recom- mendations. Select your lender and submit your loan within three days of mutual acceptance. Take your final walkthrough to look for any issues since the inspection. Sign all of the paperwork at your signing appointment. Get your keys, take possession, and start moving! Receive your Redfin commission refund. Complete the Redfin survey for your agent.

Home Inspection

Congratulations, You bought a home!

#3. Recap

Home Buying Timeline

#4. Conclusion

So, What Now? Make sure it’s the right time to buy for you. Find an agent & get pre-approved for a loan. Search for homes on Redfin.com & mobile app. See homes in person & make an offer. Buy a home!

Get More From Redfin Explore our online tools, including a home affordability calculator to find out how much you can afford, and the home value tool to see how much a home is worth. Take Redfin with you: Download the Redfin app for iPhone, iPad, and Android. Claim your home on Redfin and receive monthly home reports. Sell your home: Work with a Redfin Agent to sell your home and get free professional photography and online marketing to all the right buyers — for a 1.5% listing fee. Check out more classes, including market trends, mortgages, home selling classes, and more at Redfin.com/Events.

Thanks for Coming!