Purchasing your home in Davie
Purchasing a home is intimidating for a lot of people. However, with a bit of up-front planning, it isn't very hard.
So they'll know exactly what to expect, I like to supply buyers with an outline of the whole deal.
These are my nine steps to purchasing a home.
If you have questions regarding this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Prepare to buy
Before you start searching for a home, there are several things you should consider.
When you begin your search, you'll probably want to form an outline of items you need, get a feeling for what neighborhoods you'd like to live in, and begin planning your budget.
A good rule to adhere to is that your mortgage payment should be close to a third of your monthly income.
Step 2 – Contact a real estate agent in Davie
That's where I can help.
I'd love to book a time to get together with you and talk about your real estate needs and get an idea of your upcoming 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.
There are some great mortgage professionals in Davie, and I work with a lot of them, so you're in great hands.
They will assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin house-hunting
After our initial meeting, I'll start searching for available houses on the market that meet your needs.
I'll get a sneak peek of many of the houses and ignore the bad ones, and then we'll set up appointments to view the homes whenever it's convenient for you.
As we tour the homes, I'll identify positive features and negative ones. I'll even ask you about things you like and dislike.
It's pretty common for buyers to change their must-have list as we tour houses and some features become far more crucial than others.
If such is the case, I'll look through the listings once again and narrow it down to the home you've been wishing for.
Step 4 – Get a grasp of the housing market
An agent's awareness of the Davie housing market is a necessary agent in your house search. And I can assure you I'm mindful of all the neighborhoods and schools, and I can let you know which areas are "hot" and call for prompt action and some that are "cool" and allow for careful consideration.
As we tour houses, I'll make sure to communicate if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
Be mindful and be sure to ask plenty of questions, as every real estate agent will claim to 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'll be more than happy to answer any questions you might have. My understanding of the market will keep you a step above the rest through the entire process.
Step 5 – Find your dream house
We'll find your dream house in Davie, and when that happens, I'll meticulously develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are acquiring financing, finishing the inspection, and a clean title.
When we send in your offer, you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property. The amount is typically put towards the closing costs. If your offer is accepted, we should close within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the beginning offer. It's extremely common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your budget. And when it's all said and done, we'll compose a deal that works well for you.
Step 7 – Get a loan
Upon finalizing the contract, you'll begin working with your lender to close the loan.
This shouldn't take much time at all if you've been pre-approved, but you need to keep in close contact with your mortgage lender.
And I'll handle all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of taking your loan application.
This estimate depends on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and be within a strict range of accuracy. I'll go over the estimate and let you know if everything looks permissible.
Then we'll close on your house. This will most likely happen at a title company or escrow office and will probably be a smooth and peaceful event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, simply call me at (954) 598-0700 or e-mail me at .