1. HOME ACQUISITION PRESENTED BY DR. AA NEIDERMEYER

2. ASPECTS OF HOME OWNERSHIP • BUYING / RENTING • FINANCING • SELECTING • REFINANCING • SELLING

3. BUYING / RENTING • BUYING ADVANTAGES • TAX SHELTER • LEVERAGE • INFLATION HEDGE • EXCLUSION OF GAIN

4. BUYING / RENTING • BUYING DISADVANTAGES • MAINTENANCE • HIGHER MONTHLY COSTS • LOSS RISK • LOSS OF FLEXIBILITY

5. BUYING / RENTING • RENTING ADVANTAGES • MORE FOR YOUR MONEY • FLEXIBILITY • INVESTMENT ALTERNATIVE(S) • NO MAINTENANCE

6. BUYING / RENTING • INVOLUNTARY RELOCATION • LIMITED DECORATING PREFERENCES • NO TAX DEDUCTIONS • NO LEVERAGE

7. FINANCING ALTERNATIVES • UP-FRONT COSTS • POINTS • DOWN PAYMENT • CLOSING • MONTHLY PAYMENTS • PRINCIPAL • INTEREST, TAXES & INSURANCE

8. FINANCING • LOAN ALTERNATIVES • FIXED-RATE • ARMs • BALLOONS

9. FINANCING SOURCES • S & Ls • SAVINGS BANKS • CREDIT UNIONS • MORTGAGE BANKS • FAMILY • SELLER • COMMERCIAL BANKS

10. SELECTION • SINGLE-FAMILY • DUPLEX • CONDO • COOPERATIVE

11. SELECTION • FINDING YOUR HOME • TIPS FROM ACQUAINTANCES • CLASSIFIEDS • DRIVE-BYS • MULTIPLE LISTING SERVICES • REALTOR LEADS

12. SELECTION • EVALUATION OF THE HOME • INSPECTING THE PROPERTY • APPRAISING THE PROPERTY • NEGOTIATING THE PRICE

13. THE PURCHASE THE PURCHASE CONTRACT EARNEST MONEY INSPECTION WALK THROUGH ESCROW MONIES

14. REFINANCING • 1 – 2 % DOWNWARD SHIFT IN INTEREST RATES • SHOP FOR THE BEST DEAL • ITEMS ARE NEGOTIABLE • DO A COST / BENEFIT COMPARISON

15. SELLING YOUR HOME • YOURSELF: • GET APPRAISAL • DO TOUCH UPS • DEAL WITH POTENTIAL BUYERS • NEGOTIATE THE SALE

16. SELLING YOUR HOME • THROUGH AN AGENT: • SCREEN THEM • COMPARE COSTS ( 5 – 7 %) • LISTING? • EXCLUSIVE RIGHT TO SELL • EXCLUSIVE AGENCY • OPEN LISTING • ACCOUNTABILITY REQUIRED !!!