Buying or selling a home in Fort Walton Beach? Coast to Coast Property Brokers can help.
For many people, purchasing a home is a stressful event. But with a little planning ahead of time, it isn't too difficult.
So they'll understand exactly what to expect, I will give buyers an outline of the entire deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have about this information.
Step 1 – Prepare to purchase a home
There are a lot of things you should take into account before you search for a home.
When you begin your search, you'll want to put together a checklist of items you want to have, plan for what neighborhoods you want to live in, and begin planning your budget.
Keeping your mortgage payment less than a third of your net monthly income is a good rule to follow.
Step 2 – Talk to a real estate agent
This is where I come in.
I'd be happy to book a time to get together with you and talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about the mortgage industry, other economic factors that may affect your buying decision today or in the future, as well as neighborhoods and school districts in the Fort Walton Beach area.
I'll also assist you in getting started on your loan.
There are some excellent mortgage professionals in Fort Walton Beach, and I work with a lot of them, so you'll be in great hands.
They can help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Start house hunting
After our initial meeting, I'll start searching for available houses on the market that are a good fit for you.
I'll research many of the houses and ignore the duds, and then we'll schedule appointments to view the homes at a time that's convenient for you.
As we tour the houses, I'll show you the good features and negative ones. And I'll ask you to tell us about things you like and dislike.
It's pretty common for buyers to change their must-have list as we tour homes and some things become far more crucial than others.
If that's the situation, I'll search all the listings another time and trim it down to the home of your dreams.
Step 4 – Comprehend the market
My knowledge of the Fort Walton Beach market is a fundamental component in your home search. I'm conscious of all the school districts and neighborhoods, and I will communicate certain areas are "hot" and call for prompt action and some that are "cold" and allow for thoughtful examination.
When we view homes, I'll make sure to communicate if the list price has room for negotiation or if I believe the house is "priced to sell."
Any REALTOR in Fort Walton Beach will convince you they truly understand the housing market, but be mindful, and make sure you ask lots of questions.
If things don't add up, call me at 8505856466 or e-mail me at , and I'd be more than happy to answer any questions you have. My knowledge of the market will keep you a step above the rest through the entire process.
Step 5 – Find the house you've been waiting for
I'm certain we'll find your dream home in the Fort Walton Beach area. When that happens, I'll carefully create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are obtaining financing, completing the home inspection, and a clean title.
When presenting your offer, you'll likely need to present "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property. The amount is often applied to the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the beginning offer – it's widely common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your financing limits. And when it's all said and done, we'll compose a contract that is best for you.
Step 7 – Obtain your loan
Once we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
If you've been pre-approved, it shouldn't take very long at all, but you'll need to keep in close contact with your lender.
And I'll manage all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your loan application.
This estimate depends on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks permissible.
Then we'll close on your home. This will most often take place at a title company or escrow office and will likely be a smooth and relaxing occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, be sure to contact me at 8505856466 or e-mail me at .