Are you purchasing your new home in Delray Beach?
Purchasing a home is stressful for many people. However, with a little planning ahead of time, it's not all that difficult.
So they know exactly what they can expect, I'll supply buyers with an outline of the entire 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 address questions you have about this information.
Step 1 – Get ready to buy
Prior to starting your home search, there are plenty of things you should take into account.
You'll want to put together a list of items you need to have, plan for what school districts you want to live in, and begin working on your budget.
Keeping your mortgage payment less than 1/3 of your monthly income is a good guideline to follow.
Step 2 – Get in touch with a real estate agent in Delray Beach
This is where I can help.
I'd be more than happy to book a time to get together with you and speak with you about why you want to buy a home and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, schools in the Delray Beach area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.
I can also help you get started on your loan.
I partner with some of the best mortgage professionals in Delray Beach, so you'll be in great hands.
They can help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking
Following our initial meeting, I'll start finding houses on the market that meet your needs.
I'll research many of the homes and ignore the duds, and then we'll set up appointments to tour the homes at a time that's convenient for you.
When we view the homes, I'll identify good features and negative ones. I'll even ask you to tell us about things you like and don't like.
It's widely common for buyers to change their must-have list as we tour homes and some items become more essential than others.
If that's the situation, I'll go back through all the listings another time and trim it down to the home you've been wishing for.
Step 4 – Comprehend the housing market
My understanding of the Delray Beach housing market is an imperative aspect in your house search. I'm mindful of all the neighborhoods and schools, and I'll alert you to certain neighborhoods are "hot" and demand prompt action and others that are "cold" and allow for more consideration.
As we view houses, I'll let you know if the seller's 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 be sure to ask plenty of questions. Every REALTOR will claim to truly understand the housing market.
If it appears they don't know everything, contact me at 561-929-5799 or e-mail me at , and I'll be more than happy to answer any questions you have. My market knowledge will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house you've been looking for
We'll find your dream home in the Delray Beach area, and when we do, I'll carefully develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies, such as getting financing, finishing the home inspection, and a clean title.
When sending in your offer, most likely you'll need to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to purchase the property and is most often put towards the closing costs. If the offer is accepted by the seller, we should close about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer, and it's extremely common to receive a counter offer. But don't let it intimidate you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
The state of the market will play a role in how aggressively we negotiate the deal.
We'll also work within your budget. And when it's all said and done, we'll put together a deal that's best for you.
Step 7 – Secure financing
Upon signing the deal, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, it won't take long at all, but you should to keep in close contact with your mortgage lender.
And I'll take care of all the property information your mortgage lender will need 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 taking your application.
This estimate is based on the loan amount, and RESPA requirements order that it has to include all closing costs and be within a close range of accuracy. I'll examine the estimate and let you know if it all looks good.
Then we'll close on your home. This will probably happen at a title company or escrow office and will most often be a smooth and comfortable occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you contact me at 561-929-5799 or e-mail me at .