Presented by: Amy Bonis Real Estate Q & A Presented by: Amy Bonis

Today’s Market Update Now is the time to buy!

has created buying/selling DISRUPTIVE WEATHER has created buying/selling opportunities

Distressed Properties account for 20% of market

Home prices are still 31% below their peak in 2006!

Cost of Waiting Demand Exceeds Supply: 2.2 Million jobs created in the last year ÷ 1.01M total permits (excluding manufactured homes) = 2.2 jobs / housing unit 1.2 is considered normal Pent-up demand for 25-34 yr. olds Supply still lower than Average New homes = 4.5 months 6.0 months historical median Resale = 5.5 months 7.0 months historical median

Cost of Waiting Affordability levels are still favorable Rental market remain tight – cost of ownership is still attractive vs. renting We will not see 15% appreciation levels, but 6% is realistic Now One Year Later

Negotiating Power Weather and seasonality has caused a temporary drop in traffic Sellers are nervous and more willing to entertain lower offers How much? A few %. Maybe 5%? Now

Interest Rates The Fed is tapering The US has to rollover an enormous amount of debt Reasonable estimate is an increase of 1/2% in rate Now One Year Later

Cost of Waiting? Appreciation $18,000 Negotiation $15,000 Interest Savings $4,800 Total: $37,800

Demand Finally Outpaces Supply

And it will Continue…

There is Substantial Pent-up Demand

Time Magazine "The US economy remains almost comatose. The slump already ranks as the longest period of sustained weakness since the Depression. The economy is staggering under many “structural” burdens, as opposed to familiar “cyclical” problems. The structural faults represent once-in-a-lifetime dislocations that will take years to work out. Among them: the job drought; the debt hangover; the banking collapse; the real estate depression; the health care cost explosion and the runaway federal deficit.” Written?

Getting your house ready to rent or sell

Top 6 and inexpensive things to do: Selling for Top Dollar Top 6 and inexpensive things to do: Clean Paint De-clutter Small repairs/mold issues Landscaping Curb appeal

#1 Find a Good Realtor FSBOs accounted for 9% of home sales in 2012. The typical FSBO home sold for $174,900 compared to $215,000 for agent-assisted home sales.
 Source: 2012 National Association of REALTORS® Profile of Home Buyers and Sellers

#2 Professional Staging

Staging is priceless Just a few touches can bring any cold space to life! Buyers buy what feels good and homey… That is why many builders spend close to $100,000 to decorate an average model home!

What is wrong with this picture? Light makes a huge difference in buyers perception of the space and size Most people looking for well lighted happy places

What is wrong with this picture? Buyers are not looking to pick up a “project” house at a full price! If targeting higher or full price sale, make sure all the home maintenance is done ahead of time

#3 Price It Right For closed sales where the final list price was equal to the original sales price, the days on market was 65 and the sales to list ratio was 97%. (Q1 TARR Report) For closed sales where the final list price was less than the original list price, the days on market was 170 and the sale to original list ratio was 90%. (Q1 TARR Report) Don’t let emotions get in the way of being competitive!

#4 Estimate Your Net Profit Correctly Mortgage Liens Judgments Property Taxes Revenue Stamps Repairs Seller Concessions Attorney Fees

Want to get your offer accepted

Get Pre Approved in person not just pre qualified.

5 Minute Intermission

Please take this time to fill out your evaluation sheet Please take this time to fill out your evaluation sheet. Don’t forget to schedule your phone consultation! Front Back

Special Programs USDA DAP MCC VETERANS

USDA WEBSITE http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do Go to the above website page and verify property eligibility. Select single family homes under property eligibility.

Rehab Loans 203 K & Homestyle NO PMI Loans as little as 3% Down

If you qualify, No PMI Loans can save you a lot of money every month.

Did you know that you can get up to 3% Down Payment from the state? DAP Did you know that you can get up to 3% Down Payment from the state?

DAP 0% Interest Rate Loan No Geographical Limits 640 Minimum Score

Want to win your bid?

Steps to Preapproval Set a Goal Pre-approval Power Go Shopping Negotiate Inspection Appraisal Close Happy Family!

Please take this time to fill out your evaluation sheet Please take this time to fill out your evaluation sheet. Don’t forget to schedule your phone consultation! Front Back

Keep Existing Home? Consider cash out refinance or regular refinance before you buy your next house. Better rates than rental properties.

Your cash out on your refinance can fund your down payment on next property!

Through our… Corporate Referral Program Lunch and Learns

Thank you for Coming! Thank you. amy@amybonis.com You may contact us to speak at any community event, church or workplace by emailing us at amy@amybonis.com Thank you.