Buying or selling a home? Century 21 Paradise Palm - Linda Lakin can help.
Buying a home intimidates most people, but with a little planning ahead of time, it's not very complicated.
So they'll know exactly what to expect, I'll provide buyers with an outline of the entire deal.
These are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer questions you have about this information.
Step 1 – Get ready to buy
There are many things you need to do before you start looking for a home.
When you start your search, you'll want to put together an outline of items you want, get an idea of what school districts you'd like to live in, and begin working on your budget.
A good guideline to go by is that your mortgage payment should be 1/3 of your monthly income.
Step 2 – Connect with a real estate agent
This is where I can help.
I'd like to plan a time to meet with you and speak with you regarding your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage industry, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Titusville area.
In addition, I'll help you facilitate the loan process.
There are some very good mortgage professionals in Titusville, and I work with a lot of them, so you're in great hands.
They will assist you with determining which type of loan is best for you and help you get qualified.
Step 3 – Begin looking for a home
After our first meeting, I'll start looking for available houses on the market that suit your needs.
I'll research many of the homes and remove the bad ones, and then we'll book appointments to tour the homes when it's convenient for you.
When we view the houses, I'll point out positive features, as well as bad ones. I'll also ask you about things you like and don't like.
Generally, buyers revise their must-have list as we tour houses and some things become far more crucial than others.
If that's the situation, I'll search all the listings again and narrow it down to the home you've been waiting for.
Step 4 – Know the housing market
Your agent's knowledge of the Titusville market is a crucial aspect in your house search. And I can assure you I'm mindful of all the schools and neighborhoods, and I can communicate what districts are "hot" and warrant prompt action and others that are "cold" and allow for careful consideration.
When we view houses, I'll be sure to tell you when the list price has room for bargaining and when I believe the home is "priced to sell."
When working with an agent, be mindful and make sure you ask a lot of questions, as every real estate agent in Titusville will convince you they understand the market.
If things don't add up, call me at 321-268-8884 or e-mail me at , and I'll be more than happy to answer your questions. My market expertise will keep you a step above the rest through the entire deal.
Step 5 – Find the home of your dreams
We'll find your dream home in the Titusville area, and when we do, I'll thoroughly develop your purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies, such as obtaining financing, finishing the inspection, and a clear title.
When we submit your purchase offer, you'll likely want to present "earnest money." This is a cash deposit submitted to a seller to secure the offer to buy the property. The amount is often applied to the closing costs. If the offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the initial offer, and it's really common to receive a counter offer. But don't let it intimidate you. We'll talk over whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the contract depends on the state of the market.
We'll also work within your financing budget. And when it's all said and done, we'll create a deal that is best for you.
Step 7 – Secure financing
After the deal is finalized, you'll begin working with your lender to close the loan.
If you're pre-approved, it won'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
Your lender will send you a Loan Estimate (LE) of your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your loan application.
The estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a close range of accuracy. I'll review the estimate and let you know if everything looks permissible.
Then we'll close on your house. This will probably take place at a title company or escrow office and will likely be a smooth and hassle-free occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, make sure you contact me at 321-268-8884 or e-mail me at .