Are you contemplating purchasing your new home in ?
For most people, purchasing a home can be a stressful event. However, with some up-front planning, it isn't that difficult.
So they understand exactly what they can expect, I will give buyers an outline of the entire deal.
Below are my nine steps to buying a home.
Should you have any questions regarding this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to buy a home
There are several things you need to contemplate before you start searching for a home.
You'll probably want to create an outline of must-have features, get a plan of what neighborhoods you want to live in, and start planning your budget.
Ensuring your mortgage payment is less than or close to 30 percent of your net monthly income is a good principle to follow.
Step 2 – Talk to a real estate agent in
This is where Frontline Florida Realty Inc can help.
I'd love to schedule a time to meet with you and communicate with you about why you want to buy a home and get an idea of your plans for the future.
We'll discuss neighborhoods, school districts in the area, the mortgage and housing industries, and any other economic factors that may potentially affect your buying decision today or in the future.
I'll also help you get started on your loan.
I work with some of 's finest mortgage professionals, so you're in great hands.
They can help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin house-hunting
Following our initial meeting, I'll begin looking for available houses on the market that suit your needs.
I'll get a sneak peek of most of the houses and reject the duds, and then we'll book appointments to tour the houses when it's most convenient for you.
When we view the homes, I'll point out positive features and bad ones. And I'll ask you what things you like and don't like.
As a rule, buyers update their must-have list as we tour houses and some things become more necessary than others.
If that's the case, I'll search all the listings another time and narrow it down to the house you've been wishing for.
Step 4 – Understand the housing market
My knowledge of the market is a necessary component in your home search. I am acquainted with all the neighborhoods and schools, and I can communicate what areas are "hot" and call for immediate action and others that are "cold" and allow for more examination.
As we view houses, I'll make sure to communicate when the list price has room for bargaining and also when I know the home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask a lot of questions. Any real estate agent will tell you they know the market.
If it seems like they don't know everything, call me at 4078324888 or e-mail me at , and I'll be happy to answer any questions you may have. My knowledge of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream house
We'll find the house of your dreams in , and when that happens, I'll thoroughly create your home purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as acquiring financing, completing the home inspection, and a clear title.
Upon submitting your offer, you'll likely need to submit "earnest money." This is a cash deposit given to the seller to secure the offer to buy the property and is most often put towards the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the first offer – it's extremely common to receive a counter offer. But don't let it intimidate you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on the state of the market.
We'll also work within your budget. And at the end of the day, we'll compose a deal that's best for you.
Step 7 – Secure a loan
After the deal is signed, you'll start working with your lender to close the loan.
This won't take long at all if you're pre-approved, but you'll want to keep in close contact with your lender.
And I'll care for all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your loan application.
The estimate rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a strict range of accuracy. I'll analyze the estimate and let you know if it all looks good.
Then it's time to close on your house. This will probably take place at a title company or escrow office and will probably be a smooth and relaxed event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to contact me at 4078324888 or e-mail me at .