Buying or selling a home in Delray Beach?
Buying a home is an intimidating event for most people, but with a bit of planning ahead of time, it isn't too complicated.
I like to provide buyers with an overview of the entire deal so they know exactly what they can expect.
Below are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are plenty of things you need to contemplate before you search for a home.
You'll most likely want to make a checklist of items you want, get a feel for what school districts and neighborhoods you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than or around a third of your monthly income is a good rule to adhere to.
Step 2 – Connect with a real estate agent in Delray Beach
That's where I can help.
I'd be happy to set up a time to meet with you and talk about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, school districts in the Delray Beach area, the mortgage industry, to any other economic factors that might affect your buying decision today or in the future.
In addition, I'll assist you with getting started on your loan.
Silver International Realty, Inc. partners with some of the best mortgage professionals in Delray Beach, so you'll be in great hands.
They will assist you with figuring out which type of loan is best for you and help you get qualified.
Step 3 – Start house hunting
After we meet, I'll begin searching for homes on the market that best suit you.
I'll research many of the houses and throw out the bad ones, and then we'll set up appointments to tour the houses when it's convenient for you.
When we tour the homes, I'll call attention to positive features and bad ones. I'll even ask you about things you like and dislike.
Frequently, buyers update their list of must-haves as we view homes and some features become more crucial than others.
If such is the case, I'll look through the listings once more and narrow it down to the home you've been dreaming about.
Step 4 – Get a grasp of the market
An agent's understanding of the Delray Beach housing market is a leading factor in your home search. And I can assure you I'm acquainted with all the schools and neighborhoods, and I can alert you to what areas are "hot" and require prompt action and others that are "cold" and allow for thoughtful consideration.
As we tour homes, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be on guard and be sure to ask a lot of questions, as any REALTOR in Delray Beach will convince you they truly understand the market.
If it doesn't seem like they know everything, contact me at 855-693-3572 X 1 or e-mail me at , and I'd be more than happy to answer any questions you have. My knowledge of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream house
I'm confident we'll find your dream house in Delray Beach. When that happens, I'll carefully create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are obtaining financing, carrying out the inspection, and a clear title.
When we turn in your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property and is often applied to the closing costs. If the offer is accepted, we should close within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the beginning offer. It's very common to receive a counter offer. Don't let this alarm you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
The state of the market will play a role in how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Obtain your loan
Once the contract is complete, you'll start working with your lender to close the loan.
If you're already pre-qualified, this won't take very long at all, but you'll need to keep in close contact with your lender.
And I'll take care of all the property information your lender will need to close the loan.
Step 8 – Close the deal
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 require that it has to involve all closing costs and be within a tight range of accuracy, and I'll analyze 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 most often be a smooth and hassle-free occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to call me at 855-693-3572 X 1 or e-mail me at .