Buying or selling a home in Fort Walton Beach? Coast to Coast Property Brokers can help.
Buying a home is stressful for many people, but with a little planning ahead of time, it's not that complicated.
So they understand exactly what to expect, I'll furnish buyers with an outline of the entire deal.
Below are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Prepare to purchase a home
There are a lot of things you should do before you look for a home.
You'll most likely want to make a checklist of features you want to have, get a plan of what school districts you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is no more than 30 percent of your net monthly income is a good principle to adhere to.
Step 2 – Talk to a real estate agent
That's where I come in.
We'll set up a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll discuss everything from neighborhoods, schools in the Fort Walton Beach area, the mortgage industry, to any other economic factors that might affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
Coast to Coast Property Brokers partners with some of Fort Walton Beach's finest mortgage professionals, so you'll be in great hands.
They will assist you in determining which type of loan is best for you and help you get approved.
Step 3 – Begin your search
After our first meeting, I'll begin looking for houses on the market that meet your needs.
I'll research most of the homes and ignore the duds, and then we'll book appointments to tour the homes when it's most convenient for you.
When we view homes, I'll identify positive features, as well as bad ones. I'll even ask you about things you like and don't like.
Oftentimes, buyers update their list of must-haves as we view houses and some things become more crucial than others.
If that happens, I'll look through the listings another time and narrow it down to the house of your dreams.
Step 4 – Understand the market
My understanding of the Fort Walton Beach housing market is an imperative agent in your home search. I'm conscious of all the schools and neighborhoods, and I'll communicate which districts are "hot" and require immediate action and the ones that are "cold" and allow for thoughtful consideration.
When we tour homes, I'll make sure to communicate when the list price has room for bargaining and also when I think the house is "priced to sell."
Trust your instincts and make sure you ask a lot of questions, as any real estate agent will claim to comprehend the housing market.
If it seems like they don't know everything, contact me at 8505856466 or e-mail me at , and I'd be glad to answer any questions you may have. My knowledge of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find your dream house in Fort Walton Beach, and when that happens, I'll meticulously create your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as getting financing, carrying out the home inspection, and a clean title.
When we present your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit given to the seller to secure the offer to purchase the property, and it's often applied to the cost of closing. If the seller accepts your offer, we should close on the home about 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 initial offer, and it's very common to receive a counter offer. Don't let this alarm you. We'll consider whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing constraints. And at the end of the day, we'll formulate a deal that's best for you.
Step 7 – Secure your loan
Once the deal is signed, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, it won't take long at all, but you'll need to stay in close contact with your mortgage lender.
And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your loan application.
This estimate is based on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a precise range of accuracy. I'll review the estimate and let you know if everything looks good.
Then it's time to close on your home. This will probably happen at a title company or escrow office and will most often be a smooth and pleasant affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, make sure you contact me at 8505856466 or e-mail me at .