Let Century 21 Paradise Palm - Linda Lakin help you with buying your new home in Titusville
Buying a home intimidates many people, but it's not very difficult with a bit of up-front planning.
I like to furnish buyers with a road map of the whole deal so they'll know exactly what to expect.
Here are my nine steps to buying a home.
If you have any questions regarding any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
There are many things you need to do before you look for a home.
When you start your search, you'll probably want to create an outline of items you need to have, get a feel for what school districts you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is less than or close to 1/3 of your monthly income is a good rule to adhere to.
Step 2 – Contact a real estate agent in Titusville
This is where I can help.
We'll plan 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 Titusville area, the mortgage and housing industries, and any other economic factors that may potentially affect your purchase today or in the future.
In addition, I'll assist you with getting started on your loan.
Century 21 Paradise Palm - Linda Lakin works with some of the best mortgage professionals in Titusville, so you can rest assured that you're in great hands.
They'll assist you in figuring out which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After our initial meeting, I'll start looking for available houses on the market that are a good fit for you.
I'll preview most of the homes and throw out the bad ones, and then we'll schedule appointments to view the homes whenever it's most convenient for you.
As we tour homes, I'll point out positive features, as well as bad ones. I'll also ask you what things you like and dislike.
It's pretty common for buyers to update their must-have list as we tour homes and some things become more necessary than others.
If such is the case, I'll look through the listings another time and narrow it down to the home you've been wishing for.
Step 4 – Get a grasp of the housing market
Your agent's understanding of the Titusville housing market is a fundamental factor in your house search. And I assure you I'm informed of all the school districts and neighborhoods, and I can alert you to what areas are "hot" and demand prompt action and the ones that are "cold" and allow for thoughtful examination.
As 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."
Every real estate agent in Titusville will convince you they comprehend the market, but beware, and be sure to ask your agent plenty of questions.
If things don't add up, just 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 you've been looking for
We'll find the home of your dreams in the Titusville area, and when that happens, I'll meticulously develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, carrying out the inspection, and a clean title.
Upon turning in your offer, you'll want to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property, and it's usually put towards the cost of closing. If the offer is accepted, we should close on the home within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the first offer – it's widely common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And at the end of the day, we'll formulate a contract that is best for you.
Step 7 – Get your loan
After the deal is finalized, you'll start working with your mortgage lender to close the loan.
If you've been pre-qualified, it won't take long at all, but you'll want to stay in close contact with your 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 give you a Loan Estimate (LE) outlining your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your loan application.
This estimate depends on the loan amount. RESPA requirements require that it has to include all closing costs and be within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks okay.
Then it's time to close on your house. This will most likely happen at a title company or escrow office and will most often be a smooth and comfortable affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. 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 .