Are you contemplating purchasing a home in Delray Beach? Silver International Realty, Inc. can help.
With some planning ahead of time, purchasing a home isn't all that complex, but the event is stressful for a lot of people.
So they'll know exactly what they can expect, I'll furnish buyers with an overview of the entire deal.
These are my nine steps to buying a home.
If you have any questions about this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to buy
There are plenty of things you'll want to do before beginning your home search.
You'll probably want to assemble an outline of features you want, get a plan of what neighborhoods you want to live in, and begin planning your budget.
Ensuring your mortgage payment is less than a third of your net monthly income is a good rule of thumb to adhere to.
Step 2 – Get in touch with a real estate agent in Delray Beach
This is where I come in.
We'll arrange a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about neighborhoods, schools in the Delray Beach area, the mortgage industry, and any additional economic factors that may affect your buying decision today or in the future.
In addition, I'll assist you with getting started on your loan.
There are some excellent mortgage professionals in Delray Beach, and I partner with a lot of them, so you're in great hands.
They'll assist you in determining which type of loan is best for you and help you get qualified.
Step 3 – Begin house-hunting
After our initial meeting, I'll begin finding available houses on the market that are great for you.
I'll get a sneak peek of most of the houses and exclude the duds, and then we'll set up appointments to tour the houses when it's most convenient for you.
When we view homes, I'll call attention to good features, as well as negative ones. I'll even ask you to point out what things you like and don't like.
Oftentimes, buyers amend their must-have list as we view homes and some items become far more essential than others.
If that happens, I'll go back through the listings another time and narrow it down to the house of your dreams.
Step 4 – Get a grasp of the housing market
Your agent's awareness of the Delray Beach housing market is a fundamental component in your house search. And I can assure you I'm mindful of all the school districts and neighborhoods, and I can communicate some neighborhoods are "hot" and require prompt action and others that are "cold" and allow for cautiousness.
When we tour houses, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
Every REALTOR in Delray Beach will tell you they understand the market, but keep an eye out, and make sure you ask lots of questions.
If it doesn't seem like they know everything, contact me at 561-929-5799 or e-mail me at , and I'll be glad to answer any questions you might have. My knowledge of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find the home you've been looking for
I know we'll find your dream home in Delray Beach. When we do, I'll meticulously create your purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as getting financing, carrying out the inspection, and a clean title.
When we submit your offer, you'll need to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property, and it's most often put towards the cost of closing. If your offer is accepted, we should close within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the initial offer, and it's very common to receive a counter offer. But don't let it intimidate you. We'll talk about whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
Market conditions will play a vital role in how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll formulate a deal that's best for you.
Step 7 – Obtain financing
Once the contract is finished, you'll start working with your lender to close the loan.
If you're pre-qualified, this won't take very long at all, but you should to keep in close contact with your lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application.
The estimate is formed from the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a close range of accuracy, and I'll examine the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will probably happen at a title company or escrow office and should be a smooth and calm event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call me at 561-929-5799 or e-mail me at .