Are you contemplating buying a home in Fort Walton Beach? Coast to Coast Property Brokers can help.
With a little up-front planning, purchasing a home isn't that confusing, but the event is intimidating for many people.
So they know exactly what they can expect, I'll provide buyers with a road map of the entire deal.
Here are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Get ready to buy a home
Before you commence your home search, there are many things you should take into account.
When you start your search, you'll probably want to create an index of items you need, get a plan of what school districts and neighborhoods you want to live in, and start working on your budget.
Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good rule to go by.
Step 2 – Connect with a real estate agent in Fort Walton Beach
This is where Coast to Coast Property Brokers comes in.
I'd like to plan a time to meet with you and speak with you regarding 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 could affect your buying decision today or in the future.
I can also help you get started on your loan.
I work with some of Fort Walton Beach's best mortgage professionals, so you can rest assured that 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 – Start looking for a home
After our initial meeting, I'll begin looking for available houses on the market that are a great fit for you.
I'll research many of the homes and remove the bad ones, and then we'll book appointments to tour the houses when it's most convenient for you.
As we tour the houses, I'll call attention to good features and bad ones. And I'll ask you about things you like and dislike.
It's widely common for buyers to revise their list of must-haves as we view homes and some things become more substantial than others.
If that happens, I'll search the listings once again and narrow it down to the home you've been dreaming about.
Step 4 – Get a grasp of the market
My knowledge of the Fort Walton Beach home market is an imperative factor in your house search. I am informed of all the school districts and neighborhoods, and I'll let you know what districts are "hot" and demand immediate action and others that are "cool" and allow for more consideration.
As we view houses, I'll be sure to tell you when the seller's asking price has room for bargaining and when I believe the home is "priced to sell."
Be on guard and be sure to ask plenty of questions, as any real estate agent in Fort Walton Beach will convince you they know the housing 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 have. My market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find the home you've been looking for
We'll find your dream house in the Fort Walton Beach area, and when that happens, I'll carefully develop your purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as getting financing, completing the inspection, and a clear title.
When turning in your offer, you'll want to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property. The amount is typically put towards the closing costs. If the offer is accepted, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer – it's widely 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, propose our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on market conditions.
In addition, we'll work within your financing budget. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Obtain a loan
Upon finishing the deal, you'll start working with your mortgage lender to close the loan.
It won't be a long process at all if you're pre-approved, but you'll want to stay in close contact with your mortgage lender.
And I'll care for all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) detailing your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your loan application.
This estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a close range of accuracy, and I'll go over the estimate and let you know if everything looks adequate.
Then we'll close on your house. This will most often happen at a title company or escrow office and will most often be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to call me at 8505856466 or e-mail me at .