Contemplating purchasing a new home in Davie?
Buying a home can be stressful for most people, but with a little up-front planning, it's not all that difficult.
So they know exactly what to expect, I will furnish buyers with an outline of the whole 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 happy to answer any questions you have regarding this information.
Step 1 – Prepare to buy
There are a lot of things you should take into account prior to starting your home search.
When you start your search, you'll probably want to put together an index of must-haves, get a feeling for what neighborhoods and school districts you want to live in, and start working on your budget.
A good principle to go by is that your mortgage payment should be close to 1/3 of your monthly income.
Step 2 – Get in touch with a real estate agent
That's where I come in.
I'd like to plan a time to get together with you and talk about why you want to buy a home and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Davie area, the mortgage industry, and any additional economic factors that could affect your buying decision today or in the future.
In addition, I'll help you facilitate the loan process.
Unicasa International USA Realty partners with some of the finest mortgage professionals in Davie, so you're in great hands.
They can help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Start house-hunting
After our first meeting, I'll begin finding houses on the market that are good for you.
I'll research most of the houses and eliminate the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.
As we view homes, I'll identify good features, as well as bad ones. And I'll ask you about things you like and don't like.
It's pretty common for buyers to amend their wish list as we view homes and some features become far more essential than others.
If that's the situation, I'll search the listings once again and trim it down to the house you've been wishing for.
Step 4 – Comprehend the housing market
An agent's knowledge of the Davie market is a fundamental aspect in your home search. And I can assure you I'm acquainted with all the neighborhoods and schools, and I'll let you know what areas are "hot" and call for prompt action and others that are "cool" and allow for thoughtful examination.
When we view homes, I'll be sure to tell you when the list price has room for bargaining and when I trust the home is "priced to sell."
Any REALTOR will tell you they truly know the housing market, but keep an eye out, and be sure to ask a lot of questions.
If things don't add up, contact me at (954) 598-0700 or e-mail me at , and I'd be happy to answer any questions you might have. My understanding 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
I'm certain we'll find your dream home in Davie. When we do, I'll precisely create your home purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as getting financing, carrying out the home inspection, and a clean title.
Upon sending in your purchase offer, you'll want to present "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property. The amount is often applied to the cost of closing. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the beginning offer. It's widely common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a big part in how aggressively we negotiate the contract.
In addition, we'll work within your budget. And at the end of the day, we'll put together a contract that is best for you.
Step 7 – Obtain a loan
Once we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
This shouldn't take very long at all if you've been pre-approved, but you'll need to keep in close contact with your lender.
And I'll deal with all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) detailing your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of getting your loan application.
This estimate is based on the loan amount. RESPA requirements order that it has to include all closing costs and fall within a narrow range of accuracy, and I'll review the estimate and let you know if it all looks adequate.
Then we'll close on your home. This will probably happen 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 home. Enjoy it. And if you need anything, be sure to contact me at (954) 598-0700 or e-mail me at .