Buying a Home SH NPSD S11

Choosing THE ONE How to choose the proper house to start a family? What if I improperly choose? What would be the consequence? - Bad Investment - Having to move when the family grows - Neighborhood doesnt offer the amenities desired Where do I start?

Overwhelming

David to the Rescue with the New Product & Development Funnel

Phase 1: Ideation Generate as many options as possible all available 2 family homes in Queens Use the following as tools: -Spend more mental time in the future -Mind map different cities in Queens -Take field trips of the different neighborhoods -Entertain radical thoughts about what you would like in a dream house.

Idea Bank Parameters for the Idea Bank Selection - Must be < $950, Family - In Queens - 2 or more Floors - Have a backyard 100 or more homes

Phase 2 :Elimination 1)Ideation Screen -Must be brick -Different modes of public transportation -Close proximity to food markets and malls -Must not be near any traffic Gatekeeper = Real Estate Agent

Phase 2 : Elimination 2) Expansion & Surface Evaluation - Narrow down the area desired - Talk to the neighbors - Walk around area - Drive from house to markets - Trial run the public transportation Only 7 Homes Remain New Ideas

Phase 2 : Elimination 3) Surface Evaluation Screen - Enough Space for Present & Future - Good Neighborhood - Less than 1.5 hours commute to work - No remodeling necessary - Must have at least 3 rooms per floor - Parking Space Gatekeeper = Real Estate Agent

Phase 2 : Elimination 4) Detailed Evaluation -Good School District -Low Home Turnover rate - Must be near family -Washer/Dryer - Sizeable kitchen -Must like floor plan ONLY 3 Homes Remain in Selection

Phase 2 : Elimination 5) Detailed Evaluation Screen - The Mom Test Mom & Dad will check if the chosen house meets all criteria and suits my needs Only 1 House will be selected

Time to Spend $$$$$$

Transition Turn The stage in which the CHOSEN one has been identified Prior to this stage, everything was just talk, no investments have been made Going forward, everything requires $$$$

Cross – Functional Development -Each engaged team will execute their own sub-funnels - Preparation with the following teams: Home Inspection Mortgage Pre-Approval and available products. Research comparable offering prices in area.

Cross Functional Development Gate -Review the results from each team Home Inspection Appraiser Financial Lender - Ensure the house is in line with original parameters. Gate Keeper = Accountant

Testing -Final Walkthrough of house -Loan Approved -House Inspection Passed -Spoke with attorneys -Appraisal above purchase value

Testing Gate -Trial commute to work -Explore the neighborhood -Speak with neighbors -Drive to markets -Speak with school principals Gate Keeper = Family

Deployment -Entering into earnest money agreement with the seller.

Deployment Gate -Seller accepts the offer and agrees to contract -Seller fulfills all pre-closing conditions -Lawyers prepared closing documents -Mortgage secured

Launch House Closing -Sign mortgage -Sign closing documents -Provide seller with check

Post Launch Review