Buying your new home in Delray Beach with Silver International Realty, Inc.
With some planning ahead of time, buying a home isn't very complicated, but the event intimidates a lot of people.
So they know exactly what to expect, I'll give buyers an outline of the entire deal.
These are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.
Step 1 – Prepare to buy
Before you commence your home search, there are a lot of things you'll want to do.
When you start your search, you'll probably want to create an outline of items you want, plan for what neighborhoods you'd like to live in, and start planning around your budget.
A good guideline to follow is that your mortgage payment should be close to 30 percent of your net monthly income.
Step 2 – Communicate with a real estate agent in Delray Beach
That's where I can help.
We can schedule a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about neighborhoods, school districts in the Delray Beach area, the mortgage and housing industries, and any other economic factors that might affect your purchase today or in the future.
In addition, I'll help you begin the loan process.
Silver International Realty, Inc. partners with some of Delray Beach's best mortgage professionals, so you'll be in great hands.
They can assist you in figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Begin your home search
After we meet for the first time, I'll start finding available homes on the market that are good for you.
I'll preview most of the homes and reject the duds, and then we'll schedule appointments to tour the houses when it's most convenient for you.
When we tour the houses, I'll show you the good features and negative ones. I'll even ask you about things you like and dislike.
It's pretty common for buyers to change their must-have list as we tour homes and some things become more necessary than others.
If that's the situation, I'll go back through the listings again and narrow it down to the home you've been waiting for.
Step 4 – Get a grasp of the market
Your agent's awareness of the Delray Beach market is an imperative agent in your house search. And I can assure you I'm familiar with all the school districts and neighborhoods, and I can let you know certain areas are "hot" and warrant immediate action and others that are "cold" and allow for more analysis.
When we tour houses, I'll let you know if the asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask plenty of questions. Every REALTOR in Delray Beach will convince you they know the housing market.
If it seems like they don't know everything, call 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 keep you a step above the rest through the entire process.
Step 5 – Find the home you've been waiting for
I know we'll find your dream house in Delray Beach. When we do, I'll meticulously create your home purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as acquiring financing, carrying out the home inspection, and a clean title.
Upon submitting your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to purchase the property and is often applied to the closing costs. If your offer is accepted, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer. It's extremely common to receive a counter offer. Don't let it alarm you. We'll figure out whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your financing limits. And at the end of the day, we'll put together a contract that's best for you.
Step 7 – Get a loan
Once the deal is complete, you'll start working with your mortgage lender to close the loan.
If you're pre-qualified, it shouldn't be a long process at all, but you need to stay in close contact with your mortgage lender.
And I'll deal with all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of getting your application.
This estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a close range of accuracy, and I'll go over the estimate and let you know if it all looks okay.
Then it's time to close on your house. This will likely occur at a title company or escrow office and should be a smooth and pleasant event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to call me at 561-929-5799 or e-mail me at .