Are you buying your home in Davenport? Frontline Florida Realty Inc can help.
Purchasing a home is an intimidating event for most people, but it's not that hard with a little planning ahead of time.
I like to furnish buyers with an overview of the whole deal so they'll know exactly what to expect.
Below are my nine steps to buying a home.
If you have any questions regarding any of this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to buy
There are several things you'll want to do prior to starting your home search.
It's likely that you'll want to put together a list of must-haves, get a feeling for what neighborhoods you want to live in, and begin planning your budget.
Ensuring your mortgage payment is less than 1/3 of your net monthly income is a good rule of thumb to go by.
Step 2 – Speak with a real estate agent
This is where I come in.
We'll arrange a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, school districts in the Davenport area, the mortgage industry, to any other economic factors that could affect your purchase today or in the future.
I can also help you start the loan process.
I partner with some of Davenport's finest mortgage professionals, so you're in great hands.
They'll assist you with choosing which kind of loan is best for you and help you get qualified.
Step 3 – Begin looking for a house
After we meet, I'll start looking for homes on the market that best suit you.
I'll preview many of the houses and ignore the duds, and then we'll set up appointments to view the homes whenever it's convenient for you.
When we view the homes, I'll show you the positive features, as well as negative ones. I'll also ask you to tell us about things you like and dislike.
Oftentimes, buyers amend their must-have list as we tour houses and some features become more important than others.
If such is the case, I'll search the listings once again and trim it down to the home you've been dreaming about.
Step 4 – Understand the housing market
My knowledge of the Davenport market is a crucial agent in your house search. I am familiar with all the neighborhoods and school districts, and I will let you know some districts are "hot" and warrant prompt action and some that are "cool" and allow for thoughtful analysis.
When we view houses, I'll make sure to communicate when the seller's asking price has room for negotiation and also when I know the house is "priced to sell."
Every real estate agent in Davenport will convince you they comprehend the housing market, but be wary, and be sure to ask your agent a lot of questions.
If it doesn't seem like they know everything, call me at 4073631031 or e-mail me at , and I'd be more than happy to answer any questions you may have. My market knowledge will help you stay a step above the rest through the entire deal.
Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in the Davenport area, and when we do, I'll carefully create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are acquiring financing, completing the home inspection, and a clear title.
When we submit your offer, most likely you'll need to present "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property. The amount is typically put towards the closing costs. If your offer is accepted, we should close about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer – it's pretty common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the contract.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll create a deal that's best for you.
Step 7 – Secure financing
After the deal is signed, you'll start working with your lender to close the loan.
If you've been pre-qualified, this shouldn't take very long at all, but you should to stay in close contact with your lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) detailing your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of taking your loan application.
This estimate depends on the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a close range of accuracy. I'll review the estimate and let you know if everything looks permissible.
Then we'll close on your home. This will most likely occur at a title company or escrow office and should be a smooth and calm occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, make sure you contact me at 4073631031 or e-mail me at .