Buying or selling a home? Frontline Florida Realty Inc can help.
For a lot of people, buying a home can be an intimidating event. However, with a bit of planning ahead of time, it isn't very difficult.
I like to give buyers an overview of the whole deal so they understand exactly what they can expect.
These are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Prepare to buy a home
Before you begin searching for a home, there are several things you'll want to do.
You'll most likely want to make a list of features you need to have, get a feel for what neighborhoods you want to live in, and start planning your budget.
Ensuring your mortgage payment is no more than a third of your monthly income is a good principle to follow.
Step 2 – Communicate with a real estate agent in Davenport
This is where Frontline Florida Realty Inc can help.
We'll plan a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the Davenport area, the mortgage industry, and any additional economic factors that may affect your buying decision today or in the future.
I'll also help you begin the loan process.
I work with some of the best mortgage professionals in Davenport, so you'll be in great hands.
They can assist you with determining which type of loan is best for you and help you get approved.
Step 3 – Begin looking for a home
After our initial meeting, I'll start looking for available houses on the market that are great for you.
I'll preview most of the houses and remove the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.
When we view the houses, I'll identify positive features and bad ones. And I'll ask you about things you like and don't like.
It's common for buyers to amend their must-have list as we tour houses and some features become far more essential than others.
If that's the situation, I'll search all the listings another time and trim it down to the house you've been waiting for.
Step 4 – Know the market
Your agent's knowledge of the Davenport housing market is a leading factor in your home search. And I assure you I'm informed of all the schools and neighborhoods, and I'll alert you to certain neighborhoods are "hot" and call for immediate action and the ones that are "cold" and allow for thoughtful analysis.
As we tour houses, I'll be sure to tell you when the list price has room for bargaining and also when I know the house is "priced to sell."
Any real estate agent in Davenport will tell you they truly understand the market, but keep an eye out, and make sure you ask your agent a lot of questions.
If things don't add up, contact me at 4073631031 or e-mail me at , and I'd be more than happy to answer any questions you have. My market knowledge will help you stay a step ahead throughout the entire deal.
Step 5 – Find the home you've been waiting for
We'll find the home of your dreams in Davenport, and when that happens, I'll carefully create your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.
Upon sending in your offer, you'll need to submit "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property and is most often put towards the closing costs. If the seller accepts your offer, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the beginning offer. It's extremely common to receive a counter offer. But don't let it intimidate you. We'll talk over whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and go on.
Market conditions will play a big part in how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And at the end of the day, we'll create a deal that is best for you.
Step 7 – Obtain your loan
Upon completing the deal, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, it won't take long at all. However, you should to keep in close contact with your lender.
And I'll take care of all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) outlining your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of taking your loan application.
The estimate is formed from the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a precise range of accuracy, and I'll go over the estimate and let you know if it all looks good.
Then we'll close on your home. This will likely happen at a title company or escrow office and will most likely be a smooth and easygoing occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you call me at 4073631031 or e-mail me at .