Buying or selling a home?
Purchasing a home is a stressful event for most people. However, with a little planning ahead of time, it isn't too difficult.
I like to supply buyers with an overview of the entire deal so they'll understand exactly what they can expect.
Below 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 happy to address any questions you have regarding this information.
Step 1 – Get ready to buy
There are plenty of things you'll want to contemplate before you look for a home.
It's likely that you'll want to make an index of must-have features, get a feeling for what school districts you want to live in, and begin planning around your budget.
Keeping your mortgage payment around 1/3 of your monthly income is a good principle to follow.
Step 2 – Contact a real estate agent in West Palm Beach
This is where I can help.
We can set up a time to meet so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the West Palm Beach area.
In addition, I'll help you get started on your loan.
B & B Realty and Property MTG. partners with some of the finest mortgage professionals in West Palm Beach, so you'll be in great hands.
They will assist you with figuring out which type of loan is best for you and help you get qualified.
Step 3 – Begin your home search
Following our initial meeting, I'll begin searching for available homes on the market that meet your needs.
I'll research many of the homes and reject the bad ones, and then we'll set up appointments to view the homes when it's convenient for you.
When we tour the houses, I'll point out positive features and negative ones. I'll even ask you to point out what things you like and dislike.
It's common for buyers to revise their wish list as we tour houses and some items become far more substantial than others.
If that's the situation, I'll go back through all the listings another time and trim it down to the house of your dreams.
Step 4 – Comprehend the housing market
My understanding of the West Palm Beach housing market is a fundamental aspect in your house search. I am mindful of all the schools and neighborhoods, and I'll let you know certain areas are "hot" and demand immediate action and others that are "cold" and allow for thoughtful analysis.
As we view homes, I'll let you know when the seller's list price has room for bargaining and when I believe the house is "priced to sell."
Every REALTOR in West Palm Beach will claim to truly know the market, but be on guard, and be sure to ask lots of questions.
If it doesn't seem like they know everything, just call me at 5618891143 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market expertise will keep you a step above the rest throughout the entire deal.
Step 5 – Find your dream house
I'm sure we'll find the house of your dreams in West Palm Beach. 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, completing the inspection, and a clean title.
Upon turning in your offer, you'll want to present "earnest money." This is a cash deposit given to a home seller to secure the offer to buy the property, and it's typically applied to the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the beginning offer – it's really common to receive a counter offer. Don't let this discourage you. We'll talk over whether or not to accept the counter offer, present our own counter offer, or refuse the seller's offer and go on.
Market circumstances will play a big part in how aggressively we negotiate the contract.
We'll also work within your financing limits. And when it's all said and done, we'll create a deal that is best for you.
Step 7 – Get your loan
After the deal is complete, you'll begin working with your mortgage lender to close the loan.
If you've been pre-approved, it shouldn't be a long process at all, but you'll want to stay in close contact with your lender.
And I'll deal with all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your loan application.
This estimate is formed from the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a precise range of accuracy. I'll go over the estimate and let you know if it all looks good.
Then we'll close on your house. This will likely take place at a title company or escrow office and should be a smooth and stress-free occasion.
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, be sure to contact me at 5618891143 or e-mail me at .