Buying or selling a home?
Purchasing a home is a stressful event for a lot of people. However, with a little up-front planning, it isn't very confusing.
I like to give buyers an outline of the whole deal so they understand exactly what to expect.
Below are my nine steps to buying a home.
When you're ready to get started, you can 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
There are many things you need to take into account prior to beginning your home search.
You'll probably want to make a check list of items you need to have, get a feel for what school districts you'd like to live in, and start working on your budget.
Ensuring your mortgage payment is less than or close to a third of your net monthly income is a good guideline to adhere to.
Step 2 – Speak with a real estate agent
This is where Coast to Coast Property Brokers can help.
We'll set up a time to get together so we can talk about your real estate needs and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Fort Walton Beach area, the mortgage industry, to any other economic factors that may affect your purchase today or in the future.
I can also help you start the loan process.
I partner with some of the best mortgage professionals in Fort Walton Beach, so you're in great hands.
They'll assist you with choosing which kind of loan is best for you and help you get approved.
Step 3 – Start house hunting
After our initial meeting, I'll begin looking for homes on the market that are great for you.
I'll get a sneak peek of most of the houses and reject the bad ones, and then we'll book appointments to tour the homes when it's most convenient for you.
As we tour homes, I'll call attention to positive features, as well as negative ones. I'll also ask you to point out what things you like and don't like.
Usually, buyers revise their wish list as we view houses and some things become far more crucial than others.
If such is the case, I'll search all the listings once more and trim it down to the house you've been wishing for.
Step 4 – Comprehend the market
My awareness of the Fort Walton Beach market is a fundamental element in your house search. I'm acquainted with all the neighborhoods and schools, and I can let you know some districts are "hot" and demand immediate action and some that are "cold" and allow for careful analysis.
As we tour homes, I'll be sure to tell you if the asking price has room for negotiation or if I believe the house is "priced to sell."
Trust your instincts and make sure you ask lots of questions, as every real estate agent will convince you they understand the home market.
If it appears they don't know everything, contact me at 8505856466 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
I know we'll find your dream home in the Fort Walton Beach area. When that happens, I'll carefully create your purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as acquiring financing, completing the inspection, and a clear title.
Upon presenting your purchase offer, you'll likely need to present "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property and is usually applied to the closing costs. If the seller accepts your offer, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the first offer – it's very common to receive a counter offer. But don't let it intimidate you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a role in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And at the end of the day, we'll create a contract that is best for you.
Step 7 – Get a loan
Upon completing the deal, you'll begin working with your mortgage lender to close the loan.
It won't take very long at all if you're pre-qualified, but you'll need to keep in close contact with your mortgage lender.
And I'll care for all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking your application.
The estimate rests on the loan amount, and RESPA requirements mandate that it has to include all closing costs and be within a tight range of accuracy. I'll review the estimate and let you know if it all looks okay.
Then it's time to close on your house. This will likely happen at a title company or escrow office and will probably be a smooth and relaxed event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 8505856466 or e-mail me at .