Contemplating purchasing a home in Homestead? Worth Real Estate Company can help.
Buying a home can be stressful for many people, but it's not very hard with a little up-front planning.
So you understand exactly what to expect, I like to supply my buyers with an outline of the whole deal.
Here are my nine steps to buying a home.
Should you have questions regarding this information or if you're prepared to get started, simply contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Prepare to buy a home
There are a lot of things you'll want to contemplate prior to commencing your home search.
When you begin your search, you'll want to create a list of items you need, get a feel for what school districts and neighborhoods you'd like to live in, and start planning your budget.
A good guideline to go by is that your mortgage payment should be less than a third of your net monthly income.
Step 2 – Talk to a real estate agent
This is where Worth Real Estate Company comes in.
I can 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 the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Homestead area.
In addition, I'll help you start the loan process.
Worth Real Estate Company partners with some of Homestead's best mortgage professionals, so you're in great hands.
They can help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin house-hunting
Following our first meeting, I'll start finding homes on the market that are great for you.
I'll preview many of the houses and eliminate the bad ones, and then we'll book appointments to view the houses when it's most convenient for you.
As we view the houses, I'll show you the positive features and negative ones. I'll also ask you about things you like and don't like.
It's widely common for buyers to update their must-have list as we view homes and some features become far more crucial than others.
If that happens, I'll look through all the listings one more time and narrow it down to the house you've been dreaming about.
Step 4 – Get a feel for the housing market
An agent's knowledge of the Homestead housing market is a leading factor in your home search. And I can assure you I'm mindful of all the schools and neighborhoods, and I'll communicate what areas are "hot" and demand immediate action and the rest that are "cold" and allow for careful analysis.
As we view homes, I'll let you know when the seller's asking price has room for bargaining and when I know the home is "priced to sell."
Be on guard and make sure you ask your agent plenty of questions, as any REALTOR® will claim to truly understand the home market.
If things don't add up, just call me at 305-900-7854 or e-mail me at email@example.com, and I'd be glad to answer any questions you might have. My market knowledge will help you stay a step above the rest through the entire deal.
Step 5 – Find the house you've been looking for
I know we'll find your dream house in the Homestead area, and when that happens, I'll precisely develop your real estate purchase offer. The offer will be written with your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.
When turning in your purchase offer, you'll probably want to present "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property and is typically put towards the closing costs. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer. It's extremely common to receive a counter offer. But don't let this 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.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll formulate a deal that works well for you.
Step 7 – Obtain financing
After we sign the final contract, you'll start working with your lender to close the loan.
If you're pre-qualified, it shouldn't take very long at all. But you need to stay in close contact with your lender.
And I'll handle all the property information your 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.
This estimate rests on the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a strict range of accuracy. I'll review the estimate and let you know if it all looks adequate.
Then it's time to close on your house. This should happen at a title company or escrow office and should be a smooth and relaxing event.
Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you call me at 305-900-7854 or send me an e-mail.