Buying or selling a home? Silver International Realty, Inc. can help.
For many people, purchasing a home can be a stressful event. But with some planning ahead of time, it isn't very complex.
I like to provide buyers with an overview of the whole deal so they understand exactly what to expect.
Here 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 about this information.
Step 1 – Prepare to buy a home
There are a lot of things you should do prior to commencing your home search.
You'll most likely want to create a checklist of features you need, get a feeling for what neighborhoods and school districts you'd like to live in, and start planning around your budget.
Keeping your mortgage payment less than or close to 30 percent of your monthly income is a good principle to adhere to.
Step 2 – Get in touch with a real estate agent in Delray Beach
This is where Silver International Realty, Inc. comes 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 discuss neighborhoods, school districts in the Delray Beach area, the mortgage and housing industries, and any other economic factors that might affect your buying decision today or in the future.
In addition, I'll help you facilitate the loan process.
Silver International Realty, Inc. partners with some of the finest mortgage professionals in Delray Beach, so you can rest assured that you're in great hands.
They'll help you figure out which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
After our initial meeting, I'll start searching for available houses on the market that best suit you.
I'll get a sneak peek of most of the homes and ignore the duds, and then we'll book appointments to view the houses when it's convenient for you.
When we view houses, I'll show you the good features and negative ones. I'll also ask you about things you like and don't like.
It's pretty common for buyers to change their must-have list as we tour homes and some things become far more necessary than others.
If that's the situation, I'll search all the listings once again and trim it down to the home of your dreams.
Step 4 – Know the housing market
Your agent's knowledge of the Delray Beach housing market is a leading aspect in your home search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I can communicate what areas are "hot" and call for prompt action and some that are "cold" and allow for careful analysis.
As we view houses, I'll let you know when the list price has room for bargaining and when I think the home is "priced to sell."
Be careful and make sure you ask your agent lots of questions, as every REALTOR in Delray Beach will tell you they truly understand the home market.
If things don't add up, contact me at 561-929-5799 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market expertise will help you stay a step above the rest through the entire process.
Step 5 – Find the home you've been waiting for
I know we'll find the house of your dreams in the Delray Beach area. When that happens, I'll precisely develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are acquiring financing, completing the inspection, and a clean title.
Upon presenting your offer, you'll need to present "earnest money." This is a cash deposit submitted to a 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 about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer, and it's extremely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a deal that works well for you.
Step 7 – Obtain your loan
After the deal is finished, you'll begin working with your lender to close the loan.
It won't take much time at all if you've been pre-qualified, but you'll need to keep in close contact with your mortgage lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) detailing closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of accepting your loan application.
This estimate rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy. I'll go over the estimate and let you know if everything looks okay.
Then we'll close on your home. This will likely occur at a title company or escrow office and should be a smooth and relaxed occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just call me at 561-929-5799 or e-mail me at .