Purchasing a home in Fort Walton Beach with Coast to Coast Property Brokers
For a lot of people, buying a home is a stressful event. However, with a little up-front planning, it's not too difficult.
I like to provide buyers with a road map of the whole deal so they'll understand exactly what they can expect.
Below are my nine steps to purchasing a home.
Should you have questions about any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
There are plenty of things you should do before you start searching for a home.
You'll most likely want to make an index of features you need, get an idea of what neighborhoods you'd like to live in, and start working on your budget.
A good rule of thumb to go by is that your mortgage payment should be less than or around 1/3 of your net monthly income.
Step 2 – Communicate with a real estate agent
This is where Coast to Coast Property Brokers comes in.
I'd love to schedule a time to get together with you and speak with you about why you want to buy a home and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, school districts in the Fort Walton Beach area, the mortgage and housing industries, to any other economic factors that may potentially affect your buying decision today or in the future.
I can also assist you in getting started on your loan.
There are some excellent mortgage professionals in Fort Walton Beach, and I partner with a lot of them, so you're in great hands.
They can help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin your home search
After our first meeting, I'll start searching for houses on the market that best suit you.
I'll get a sneak peek of many of the houses and remove the bad ones, and then we'll book appointments to view the houses at a time that's convenient for you.
As we view the homes, I'll call attention to positive features, as well as negative ones. I'll even ask you to tell us about things you like and don't like.
It's common for buyers to amend their list of must-haves as we view houses and some features become more substantial than others.
If that happens, I'll look through the listings another time and narrow it down to the house you've been dreaming about.
Step 4 – Comprehend the market
My knowledge of the Fort Walton Beach home market is an imperative aspect in your home search. I'm informed of all the school districts and neighborhoods, and I can communicate certain districts are "hot" and demand prompt action and the ones that are "cold" and allow for thoughtful analysis.
As we view houses, I'll be sure to tell you if the list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions, as every real estate agent will convince you they comprehend the home market.
If things don't add up, contact me at 8505856466 or e-mail me at , and I'll be happy to answer any questions you might have. My understanding of the market will help you stay a step above the rest through the entire process.
Step 5 – Find the home of your dreams
I'm certain we'll find the house of your dreams in the Fort Walton Beach area. When we do, I'll precisely create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as obtaining financing, completing the inspection, and a clean title.
Upon turning in your purchase offer, you'll want to present "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property, and it's usually put towards the cost of closing. If your offer is accepted by the seller, we should close about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer – it's very common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and move on.
The state of the market will play a large role in how aggressively we negotiate the contract.
We'll also work within your budget. And at the end of the day, we'll compose a deal that is best for you.
Step 7 – Get a loan
Once we sign the final deal, you'll begin working with your lender to close the loan.
If you're already pre-approved, this won't be a long process at all, but you should to keep in close contact with your lender.
And I'll take care of all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) detailing closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application.
The estimate depends on the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a narrow range of accuracy, and I'll review the estimate and let you know if everything looks adequate.
Then it's time to close on your home. This should happen at a title company or escrow office and will probably be a smooth and comfortable occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply contact me at 8505856466 or e-mail me at .