Purchasing a new home in Satellite Beach
Purchasing a home is stressful for many people. However, with some planning ahead of time, it isn't very confusing.
So you'll know exactly what to expect, I like to supply my buyers with an overview of the whole deal.
These are my nine steps to buying a home.
Should you have any questions about any of this information or if you're ready to get started, you can contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Get ready to buy
There are a lot of things you should consider before beginning your home search.
You'll want to make a list of items you need to have, get a feel for what school districts and neighborhoods you want to live in, and begin planning your budget.
Keeping your mortgage payment less than 1/3 of your net monthly income is a good rule of thumb to adhere to.
Step 2 – Get in touch with a real estate agent
This is where I come in.
I'd be happy to book 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 talk about everything from neighborhoods, school districts in the Satellite Beach area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.
In addition, I'll help you get started on your loan.
There are some very good mortgage professionals in Satellite Beach, and I work with a lot of them, so you're in great hands.
They can assist you with choosing which kind of loan is best for you and help you get qualified.
Step 3 – Begin house-hunting
After we meet for the first time, I'll begin searching for homes on the market that are great for you.
I'll preview many of the houses and eliminate the duds, and then we'll set up appointments to view the houses at a time that's convenient for you.
When we tour the homes, I'll identify good features, as well as bad ones. And I'll ask you to point out what things you like and dislike.
It's common for buyers to change their list of must-haves as we view houses and some items become far more essential than others.
If such is the case, I'll search all the listings one more time and trim it down to the home you've been dreaming about.
Step 4 – Understand the market
My knowledge of the Satellite Beach market is a valuable advantage in your house search. I'm familiar with all the school districts and neighborhoods, and I will let you know certain districts are "hot" and call for prompt action and the ones that are "cool" and allow for thoughtful examination.
As we view houses, I'll let you know when the seller's list price has room for bargaining and when I trust the home is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions. Every REALTOR® in Satellite Beach will claim to comprehend the market.
If it appears they don't know everything, call me at 321-626-0041 or e-mail me at email@example.com, and I'd be glad to answer your questions. My market expertise will help you stay a step above the rest through the entire process.
Step 5 – Find the home you've been looking for
I'm confident we'll find the home of your dreams in Satellite Beach. When that happens, I'll thoroughly create your purchase offer. The offer will be tailored exactly to your needs, including some contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.
When sending in your purchase offer, you'll want to present "earnest money." This is a cash deposit given to the seller to secure the offer to buy the property and is most often applied to the closing costs. If the offer is accepted, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the first offer – it's pretty common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.
Market circumstances will play a part in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a contract that's best for you.
Step 7 – Get your loan
Upon finishing the contract, you'll begin working with your lender to close the loan.
It shouldn't take much time at all if you're already pre-approved, but you'll want to stay in close contact with your mortgage lender.
And I'll sort out 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) of your closing costs within three days of getting your loan application.
This estimate rests on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll go over the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and will most often be a smooth and comfortable event.
Step 9 – Move in
You made it! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, be sure to call me at 321-626-0041 or send me an e-mail.