Are you purchasing a home in Fort Walton Beach? Coast to Coast Property Brokers can help.
Buying a home is stressful for many people, but with a little planning ahead of time, it isn't that complex.
So they'll know exactly what to expect, I like to furnish buyers with an overview of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.
Step 1 – Get ready to buy
Prior to beginning your home search, there are plenty of things you should consider.
It's likely that you'll want to create an outline of features you need to have, get a feel for what neighborhoods you want to live in, and start working on your budget.
A good guideline to follow is that your mortgage payment should be less than 1/3 of your net monthly income.
Step 2 – Speak with a real estate agent
This is where I come in.
We'll arrange a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
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 purchase today or in the future.
I'll also assist you with getting started on your loan.
Coast to Coast Property Brokers partners with some of the finest mortgage professionals in Fort Walton Beach, so you're in great hands.
They can help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start house hunting
After we meet for the first time, I'll begin searching for homes on the market that suit your needs.
I'll get a sneak peek of many of the homes and remove the bad ones, and then we'll book appointments to tour the houses whenever it's most convenient for you.
When we tour the houses, I'll identify good features and bad ones. And I'll ask you what things you like and don't like.
It's widely common for buyers to update their must-have list as we view houses and some features become more important than others.
If that happens, I'll go back through all the listings once more and trim it down to the home of your dreams.
Step 4 – Know the market
Your agent's understanding of the Fort Walton Beach market is a fundamental factor in your house search. And I can assure you I'm familiar with all the neighborhoods and school districts, and I can communicate certain neighborhoods are "hot" and warrant immediate action and the ones that are "cold" and allow for more examination.
As we tour homes, I'll be sure to tell you when the asking price has room for negotiation and when I believe the home is "priced to sell."
When working with an agent, be mindful and be sure to ask lots of questions. Any real estate agent will tell you they truly know the home market.
If it doesn't seem like they know everything, just call 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 help you stay a step above the rest through the entire deal.
Step 5 – Find the house you've been waiting 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 keeping your needs in mind and the home, including several contingencies. A few examples are obtaining financing, finishing the inspection, and a clear title.
Upon sending in your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to purchase the property and is often put towards the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the beginning offer, and it's extremely common to receive a counter offer. Don't let it alarm you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the contract.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll create a contract that works well for you.
Step 7 – Secure a loan
Once the deal is complete, you'll start working with your lender to close the loan.
If you've been pre-qualified, it won't take long at all. However, you'll want to keep in close contact with your lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of receiving your application.
The estimate is based on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a strict range of accuracy. I'll examine the estimate and let you know if it all looks okay.
Then we'll close on your home. This will most often happen at a title company or escrow office and will probably be a smooth and relaxed occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, just call me at 8505856466 or e-mail me at .