Are you contemplating buying a new home in Davenport?

For most people, purchasing a home can be a stressful event. However, with a bit of planning ahead of time, it's not too complicated. I like to supply buyers with an overview of the whole deal so they know exactly what to expect. Below are my nine steps to purchasing a home. Should you have any questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to purchase
Before you begin your home search, there are several things you should contemplate. You'll probably want to assemble a check list of items you want to have, plan for what neighborhoods and school districts you want to live in, and start planning your budget. Ensuring your mortgage payment is less than or around 30 percent of your monthly income is a good rule to adhere to.

Step 2 – Get in touch with a real estate agent
This is where I come in. I'd be happy to plan a time to get together with you and speak with you regarding your real estate needs and get an idea of your upcoming plans. We'll discuss the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Davenport area.

I can also assist you in getting started on your loan. Frontline Florida Realty Inc works with some of Davenport's best mortgage professionals, so you'll be in great hands. They'll assist you with choosing which type of loan is best for you and help you get approved.

Step 3 – Begin house hunting
Following our first meeting, I'll begin searching for available houses on the market that are a good fit for you. I'll get a sneak peek of many of the houses and exclude the duds, and then we'll schedule appointments to view the houses whenever it's most convenient for you.

When we view the houses, I'll identify positive features and bad ones. And I'll ask you to point out what things you like and don't like. It's pretty common for buyers to amend their wish list as we view houses and some items become far more crucial than others. If that's the case, I'll search all the listings once again and narrow it down to the house of your dreams.

Step 4 – Comprehend the housing market
Your agent's awareness of the Davenport housing market is a necessary element in your house search. And I can assure you I'm mindful of all the schools and neighborhoods, and I can alert you to what districts are "hot" and demand immediate action and the ones that are "cold" and allow for careful examination.

When we view houses, I'll be sure to tell you when the list price has room for negotiation and when I trust the house is "priced to sell." When working with an agent, be careful and make sure you ask a lot of questions. Every REALTOR will claim to know the market. If it appears they don't know everything, just call me at 4073631031 or e-mail me at , and I'll be glad to answer your questions. My market expertise will keep you a step ahead throughout the entire deal.

Step 5 – Find your dream house
I'm confident we'll find the home of your dreams in the Davenport area. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as acquiring financing, finishing the home inspection, and a clean title.

When we turn in your offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property. The amount is typically put towards the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the beginning offer. It's pretty common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.

The state of the market will play a part in how aggressively we negotiate the deal. We'll also work within your financing limits. And at the end of the day, we'll put together a contract that works well for you.

Step 7 – Secure a loan
After the deal is signed, you'll start working with your lender to close the loan. If you're already pre-approved, it won't be a long process at all. But you'll need to keep in close contact with your lender. And I'll handle all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) of closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your application. This estimate is based on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a narrow range of accuracy. I'll review the estimate and let you know if everything looks adequate.

Then it's time to close on your house. This should take place at a title company or escrow office and will likely be a smooth and relaxing occasion.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you contact me at 4073631031 or e-mail me at .

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