Are you contemplating purchasing a new home in Davie?
Purchasing a home can be stressful for most people. However, with a little up-front planning, it isn't too difficult.
I like to furnish buyers with a road map of the entire deal so they'll know exactly what to expect.
Below are my nine steps to buying a home.
If you have questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy
Prior to starting your home search, there are plenty of things you'll want to take into account.
You'll most likely want to assemble an index of features you want, get a feel for what neighborhoods you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good rule to adhere to.
Step 2 – Connect with a real estate agent
That's where I can help.
I'd love to plan a time to get together with you and talk about your real estate needs and get an idea of your plans for the future.
We'll discuss the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and schools in the Davie area.
I'll also help you get started on your loan.
Unicasa International USA Realty partners with some of Davie's best mortgage professionals, so you'll be in great hands.
They will assist you with deciding which kind of loan is best for you and help you get approved.
Step 3 – Start your home search
Following our initial meeting, I'll start searching for houses on the market that suit your needs.
I'll get a sneak peek of most of the homes and reject the bad ones, and then we'll book appointments to tour the houses whenever it's most convenient for you.
As we tour the homes, I'll point out positive features and bad ones. And I'll ask you about things you like and dislike.
As a rule, buyers change their list of must-haves as we view homes and some features become far more necessary than others.
If that's the situation, I'll look through the listings once more and trim it down to the home you've been dreaming about.
Step 4 – Comprehend the housing market
My awareness of the Davie housing market is a fundamental component in your home search. I am mindful of all the school districts and neighborhoods, and I can alert you to certain districts are "hot" and call for prompt action and some that are "cool" and allow for more consideration.
As we tour homes, I'll make sure to communicate when the seller's asking price has room for negotiation and when I think the house is "priced to sell."
When working with an agent, be on guard and be sure to ask plenty of questions. Any real estate agent will convince you they comprehend the housing market.
If it seems like they don't know everything, call me at (954) 598-0700 or e-mail me at , and I'd be happy to answer your questions. My knowledge of the market will help you stay a step above the rest through the entire process.
Step 5 – Find the house you've been waiting for
We'll find the home of your dreams in the Davie area, and when that happens, I'll carefully develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are acquiring financing, carrying out the inspection, and a clean title.
When we submit your offer, you'll want to present "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property and is often put towards the closing costs. If your offer is accepted, we should close about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the initial offer. It's pretty common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And at the end of the day, we'll put together a deal that works well for you.
Step 7 – Obtain financing
Upon completion of the deal, you'll begin working with your lender to close the loan.
If you've been pre-approved, this shouldn't take long at all, but you'll want to stay in close contact with your mortgage lender.
And I'll sort out all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of accepting your application.
This estimate is based on the loan amount. RESPA requirements order that it has to contain all closing costs and be within a strict range of accuracy, and I'll analyze the estimate and let you know if everything looks okay.
Then we'll close on your home. This will most likely take place at a title company or escrow office and is often a smooth and easygoing occurrence.
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 (954) 598-0700 or e-mail me at .