Buying or selling a home in Mary Esther?
Purchasing a home is intimidating for a lot of people. However, with a bit of planning ahead of time, it isn't too difficult.
I like to give buyers an outline of the entire deal so they understand exactly what to expect.
Below 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 answer any questions you have regarding this information.
Step 1 – Get ready to buy
There are plenty of things you'll want to do prior to commencing your home search.
When you begin your search, you'll probably want to assemble a checklist of must-have features, get a feeling for what neighborhoods you want to live in, and begin working on your budget.
Ensuring your mortgage payment is less than or around 1/3 of your monthly income is a good principle to adhere to.
Step 2 – Talk to a real estate agent in Mary Esther
That's where I come in.
We'll set up 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 the mortgage and housing industries, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Mary Esther area.
I can also help you start the loan process.
I partner with some of Mary Esther's finest mortgage professionals, so you're in great hands.
They will help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin house-hunting
After our first meeting, I'll start finding available homes on the market that are a great fit for you.
I'll get a sneak peek of many of the houses and ignore the bad ones, and then we'll book appointments to view the homes whenever it's convenient for you.
When we tour homes, I'll identify positive features and negative ones. I'll also ask you to tell us about things you like and dislike.
It's pretty common for buyers to revise their list of must-haves as we tour houses and some items become far more crucial than others.
If that's the case, I'll go back through all the listings again and narrow it down to the house you've been wishing for.
Step 4 – Understand the market
Your agent's understanding of the Mary Esther home market is a fundamental agent in your house search. And I can assure you I'm informed of all the neighborhoods and school districts, and I will communicate certain neighborhoods are "hot" and require immediate action and others that are "cold" and allow for thoughtful examination.
As we tour homes, I'll be sure to tell you when the list price has room for negotiation and also when I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions. Every real estate agent will convince you they truly understand the market.
If things don't add up, call me at 850-217-4530 or e-mail me at , and I'll be glad to answer any questions you might have. My market knowledge will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house of your dreams
We'll find your dream house in the Mary Esther area, and when that happens, I'll meticulously develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies, such as acquiring financing, finishing the inspection, and a clean title.
Upon submitting your purchase offer, you'll probably want to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property, and it's often put towards the cost of closing. If your offer is accepted, we should close about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the beginning offer, and it's very common to receive a counter offer. Don't let this discourage you. We'll talk over whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
In addition, we'll work within your financing limits. And when it's all said and done, we'll formulate a deal that works well for you.
Step 7 – Get your loan
Upon completion of the contract, you'll start working with your lender to close the loan.
If you're pre-approved, it shouldn't be a long process at all, but you'll want to stay in close contact with your mortgage lender.
And I'll look after 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 your closing costs from your lender within three days of accepting your loan application.
The estimate is based on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a close range of accuracy. I'll review the estimate and let you know if it all looks all right.
Then it's time to close on your home. This will most often take place at a title company or escrow office and will most likely be a smooth and stress-free occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, simply call me at 850-217-4530 or e-mail me at .