Buying your new home in Davie?
Purchasing a home is stressful for a lot of people, but it's not too complicated with a little up-front planning.
So they'll know exactly what to expect, I will provide buyers with an overview of the whole deal.
These 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 glad to address any questions you have about this information.
Step 1 – Prepare to buy a home
Before you begin searching for a home, there are several things you should do.
You'll probably want to assemble a check list of items you need, plan for what school districts and neighborhoods you want to live in, and start planning around your budget.
Keeping your mortgage payment around 1/3 of your net monthly income is a good principle to adhere to.
Step 2 – Get in touch with a real estate agent in Davie
That's where I come in.
We'll arrange a time to get together so we can talk about 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 could affect your purchase today or in the future, as well as neighborhoods and schools in the Davie area.
I can also help you start the loan process.
There are some very good mortgage professionals in Davie, and I partner with a lot of them, so you'll be in great hands.
They'll assist you in figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Start your search
After our first meeting, I'll start looking for available homes on the market that suit your needs.
I'll get a sneak peek of many of the houses and throw out the duds, and then we'll schedule appointments to view the houses whenever it's most convenient for you.
As we view houses, I'll show you the good features, as well as negative ones. I'll even ask you what things you like and don't like.
It's widely common for buyers to change their must-have list as we tour houses and some features become far more substantial than others.
If that's the situation, I'll look through the listings once again and narrow it down to the home you've been waiting for.
Step 4 – Comprehend the market
My understanding of the Davie home market is a leading agent in your home search. I'm familiar with all the school districts and neighborhoods, and I can communicate what neighborhoods are "hot" and warrant prompt action and some that are "cool" and allow for more consideration.
When we view houses, I'll be sure to tell you when the asking price has room for negotiation and when I think the home is "priced to sell."
When working with an agent, be on guard and make sure you ask lots of questions, as any real estate agent will tell you they know the market.
If it appears they don't know everything, just call me at (954) 598-0700 or e-mail me at , and I'll be glad to answer any questions you have. My market expertise will keep you a step ahead throughout the entire process.
Step 5 – Find the house you've been waiting for
We'll find your dream home in Davie, and when we do, I'll meticulously create your home purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are obtaining financing, completing the inspection, and a clear title.
Upon sending in your offer, you'll need to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to buy the property and is most often put towards the cost of closing. If the offer is accepted, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer – it's very common to receive a counter offer. Don't let it alarm you. We'll consider whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll compose a deal that is best for you.
Step 7 – Obtain financing
Upon finalizing the deal, you'll begin working with your mortgage lender to close the loan.
If you're already pre-qualified, this shouldn't take much time at all. But you'll want to stay in close contact with your lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of receiving your application.
The estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a close range of accuracy, and I'll study the estimate and let you know if it all looks permissible.
Then we'll close on your house. This should occur at a title company or escrow office and is often a smooth and easygoing affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you call me at (954) 598-0700 or e-mail me at .