Purchasing your new home in Fort Walton Beach with Coast to Coast Property Brokers
Buying a home is an intimidating event for many people, but with a little planning ahead of time, it isn't too hard.
I like to furnish buyers with an overview of the whole deal so they'll know exactly what they can expect.
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 address questions you have about this information.
Step 1 – Get ready to purchase a home
There are plenty of things you should contemplate before you start looking for a home.
When you begin your search, you'll probably want to put together an index of features you want to have, get a feel for what neighborhoods you want to live in, and start working on your budget.
Ensuring your mortgage payment is less than a third of your monthly income is a good rule of thumb to follow.
Step 2 – Talk to a real estate agent in Fort Walton Beach
This is where I can help.
We'll schedule a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about neighborhoods, school districts in the Fort Walton Beach area, the mortgage and housing industries, and any additional economic factors that could affect your purchase today or in the future.
I'll also help you get started on your loan.
I work with some of the best mortgage professionals in Fort Walton Beach, so you can rest assured that you're in great hands.
They'll assist you with figuring out which type of loan is best for you and help you get approved.
Step 3 – Start house-hunting
After our initial meeting, I'll start finding available houses on the market that are great for you.
I'll preview many of the houses and ignore the bad ones, and then we'll set up appointments to tour the homes whenever it's convenient for you.
As we view houses, I'll call attention to good features, as well as bad ones. And I'll ask you to talk about things you like and dislike.
Most often, buyers amend their wish list as we tour homes and some items become far more substantial than others.
If such is the case, I'll go back through all the listings another time and narrow it down to the home you've been wishing for.
Step 4 – Know the housing market
My awareness of the Fort Walton Beach home market is a necessary component in your home search. I'm acquainted with all the neighborhoods and school districts, and I can let you know which districts are "hot" and require immediate action and the ones that are "cold" and allow for careful analysis.
As we view houses, I'll make sure to communicate when the list price has room for bargaining and when I trust the home is "priced to sell."
Any real estate agent will convince you they truly understand the housing market, but be mindful, and be sure to ask your agent plenty of questions.
If it doesn't seem like they know everything, contact me at 8505856466 or e-mail me at , and I'd be happy to answer your questions. My market knowledge will keep you a step above the rest through 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 meticulously develop your purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.
Upon sending in your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property, and it's most often put towards the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the beginning 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 consent to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll compose a contract that's best for you.
Step 7 – Get financing
Upon completing the contract, you'll start working with your lender to close the loan.
If you're already pre-approved, this won't take much time at all. But you should to keep in close contact with your mortgage lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) detailing your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of accepting your loan application.
This estimate depends on the loan amount. RESPA requirements order 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 all right.
Then we'll close on your house. This will probably happen at a title company or escrow office and will most often be a smooth and hassle-free event.
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 .