Are you contemplating buying your new home in Davie?
Purchasing a home can be stressful for many people. However, with a bit of planning ahead of time, it isn't that complicated.
So they know exactly what to expect, I'll furnish buyers with an overview of the whole deal.
Here are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have about this information.
Step 1 – Prepare to buy a home
Prior to starting your home search, there are a lot of things you need to take into account.
When you start your search, you'll want to make an outline of features you need to have, get a feel for what school districts and neighborhoods you want to live in, and start planning around your budget.
A good guideline to adhere to is that your mortgage payment should be less than or around 1/3 of your monthly income.
Step 2 – Get in touch with a real estate agent in Davie
This is where I can help.
I'd love to schedule a time to get together with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage and housing industries, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Davie area.
In addition, I'll assist you in getting started on your loan.
I partner with some of Davie's best mortgage professionals, so you'll be in great hands.
They can help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a house
After we meet for the first time, I'll start searching for available homes on the market that are great for you.
I'll research many of the houses and eliminate the bad ones, and then we'll book appointments to tour the houses at a time that's convenient for you.
As we view homes, I'll call attention to good features, as well as negative ones. I'll even ask you to tell us about things you like and dislike.
It's pretty common for buyers to amend their must-have list as we view homes and some items become far more important than others.
If that happens, I'll go back through all the listings once again and trim it down to the house of your dreams.
Step 4 – Know the housing market
An agent's understanding of the Davie home market is a necessary component in your home search. And I assure you I'm familiar with all the schools and neighborhoods, and I'll let you know certain neighborhoods are "hot" and demand immediate action and the ones that are "cool" and allow for thoughtful examination.
When we view houses, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions. Every REALTOR in Davie will convince you they truly understand the market.
If things don't add up, just call me at (954) 598-0700 or e-mail me at , and I'll be more than happy to answer your questions. My knowledge of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
I'm positive we'll find your dream home in the Davie area. When that happens, I'll carefully create your home purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as acquiring financing, completing the home inspection, and a clean title.
Upon presenting your purchase offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property, and it's most often put towards the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the initial offer, and it's widely common to receive a counter offer. Don't let this discourage you. We'll consider whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a contract that works well for you.
Step 7 – Secure financing
Once the contract is finished, you'll begin working with your lender to close the loan.
If you've been pre-qualified, it won't be a long process at all. However, you should to keep in close contact with your mortgage lender.
And I'll deal with all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) of your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your application.
This estimate is formed from the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a precise range of accuracy, and I'll review the estimate and let you know if it all looks okay.
Then it's time to close on your house. This will likely take place at a title company or escrow office and will most likely be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to call me at (954) 598-0700 or e-mail me at .