The 9 Steps to Home Ownership



Step - 1 Make the Decision to Buy

It seems obvious, but it's good to note that the first step to buying a house is making the decision to buy. Consider the reasons you want a new house and write them down. Determine how long you want to live in the new house - does buying still make good financial sense? Can you afford a house that will meet your list of requirements? A good rule of thumb is your mortgage payment should not exceed 1/3 of your net monthly income.

Step 2 - Seek Professional Guidance

Set up a time to meet with one of our experienced agents, so we can talk and hear the reasons why you want to buy a house and your plans for the future. Our agents will talk to you about neighborhoods, schools, the best areas for investment properties, economic factors liable to affect the market today and tomorrow, as well as how you would like your house and neighborhood to grow with you.

At this time, your agent will help you get pre-qualified for a mortgage loan. Pre-qualification is a written statement from a loan officer indicating his or her opinion that you will be approved for a mortgage loan up to a certain amount. The fact that you are pre-qualified will help us when we are negotiating the deal.  Email our Loan Officer Shelley Freeman at  Shelley@FrontlineFloridaRealty.com

Step 3 - Begin the Hunt

After meeting with one of our agents, they will search using all their resources for properties on the market that fit your criteria. They will preview these properties to eliminate the duds and schedule appointments to tour the houses at times convenient to you.


As you tour houses with your agent, they point out positive features and negative features. They will ask you to tell them what you like and what you don't like. You'll probably amend your "wish list" as you tour houses, some things will become more important and others less important. With this new information, your agent will refine the search criteria to narrow in on the property of your dreams.

Step 4 - Know the Market

Our agents knowledge of the local market is an essential factor in the house search. They will let you know when the market in a particular neighborhood is "hot" and requires immediate action or when the market is "cool" and allows for thoughtful consideration.

As you tour houses, your agent will let you know when the asking price has negotiating room and when the house is "priced to sell". Our agents unique market knowledge will keep you a step ahead of the "house hunting competition".

In a "seller's market". It is not unusual to see multiple offers on a property, full-price offers and even above-price offers. On the flip side, during a "buyer's market" there are more houses for sale than buyers. This gives you more negotiating room as houses are taking longer to sell.

Step 5 - Find Your Dream House

Frontline Florida Realty, is confident that your agent will find your dream house. When you do, they will put together the purchase offer tailored for your needs including appropriate contingencies (such as obtaining financing, favorable home inspection, clear title, etc.).

The offer is normally presented with "earnest money". This is a cash deposit made to a home seller to secure an offer to buy the property. The amount is applied to closing costs. If the seller accepts the offer, generally closing is held 30 to 60 days from the offer date (generally dependent on the turn around time of your mortgage financing).

Step 6 - Negotiate the Deal

It is not uncommon to receive a counter offer when the initial purchase offer is submitted. Don't let this discourage you. Your agent will discuss the counter offer with you and to help you decide whether or not to accept the counter offer, submit your own counter offer, or reject the counter offer and move on.

Market conditions will play a role in how aggressively to negotiate the deal. Your agent will also work within your limits. Emotions can lead to buyer's remorse. It is better to set limits prior to negotiating an offer and stick to these limits.

Step 7 - Get a Loan

During the closing period, you will be working with your mortgage lender to close the loan. Since you pre-qualified for the loan before starting your home search, you will be that much closer to the end. Your agent will gather the necessary property information your lender will need to close the loan.

Step 8 - Close the Deal

You will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. Your agent will review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates that may be too low.

Step 9 - Move In

Congratulations! It's time to move into your new house and make it your home. Enjoy this exciting time. Frontline Florida Realty will give you a checklist to help you remember the numerous details that will make your moving day a pleasure.


Do you have a question about buying a home? Please feel free to contact us either by phone: 1-877-438-6815, via email, or alternately, complete the form below, click submit and one of our agents will get right back to you!

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