Are you purchasing a new home in Fort Walton Beach?
Buying a home is a stressful event for a lot of people, but with a bit of up-front planning, it isn't all that hard.
So they'll understand exactly what they can expect, I will supply buyers with a road map of the entire deal.
These 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 answer any questions you have regarding this information.
Step 1 – Get ready to buy a home
Before you start your home search, there are a lot of things you should do.
You'll want to make an index of items you need to have, get a feel for what neighborhoods and school districts you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is no more than 30 percent of your net monthly income is a good guideline to follow.
Step 2 – Communicate with a real estate agent in Fort Walton Beach
This is where Coast to Coast Property Brokers can help.
We'll book a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the Fort Walton Beach area, the mortgage industry, and any other economic factors that could potentially affect your buying decision today or in the future.
In addition, I'll help you get started on your loan.
Coast to Coast Property Brokers partners with some of Fort Walton Beach's finest mortgage professionals, so you're in great hands.
They'll assist you in determining which kind of loan is best for you and help you get approved.
Step 3 – Start your home search
After our initial meeting, I'll start finding houses on the market that are a great fit for you.
I'll research many of the houses and eliminate the bad ones, and then we'll book appointments to tour the houses when it's most convenient for you.
When we view houses, I'll call attention to good features and bad ones. I'll also ask you to talk about things you like and don't like.
Most often, buyers update their wish list as we tour houses and some things become far more crucial than others.
If that's the situation, I'll search the listings once more and trim it down to the home you've been waiting for.
Step 4 – Understand the housing market
My understanding of the Fort Walton Beach market is a necessary agent in your home search. I am acquainted with all the neighborhoods and school districts, and I will communicate which districts are "hot" and demand immediate action and the ones that are "cold" and allow for thoughtful analysis.
When we tour houses, I'll let you know when the asking price has room for bargaining and also when I know the home is "priced to sell."
Any real estate agent will claim to know the housing market, but be mindful, and be sure to ask lots of questions.
If things don't add up, call me at 8505856466 or e-mail me at , and I'd be happy to answer any questions you might have. My understanding of the market will keep you a step ahead through the entire deal.
Step 5 – Find the house you've been looking for
I'm positive we'll find the house of your dreams in Fort Walton Beach. When that happens, I'll carefully create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as getting financing, finishing the inspection, and a clean title.
Upon turning in your purchase offer, you'll need to submit "earnest money." This is a cash deposit given to a home seller to secure the offer to purchase the property, and it's typically applied to the closing costs. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the first offer – it's extremely common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
In addition, we'll work within your budget. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Secure your loan
Once the deal is finalized, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, this won't take long at all, but you should to stay in close contact with your mortgage lender.
And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide 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 closing costs from your mortgage lender within three days of taking your loan application.
This estimate depends on the loan amount. RESPA requirements require that it has to include all closing costs and be within a strict range of accuracy, and I'll go over the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most often occur at a title company or escrow office and will most often be a smooth and stress-free affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, simply call me at 8505856466 or e-mail me at .