Let Century 21 Paradise Palm - Linda Lakin assist you in purchasing your home in Titusville
For most people, buying a home can be an intimidating event. But with a little up-front planning, it isn't too confusing.
So they understand exactly what to expect, I'll supply buyers with an outline of the entire deal.
These are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.
Step 1 – Get ready to purchase
There are several things you need to contemplate prior to starting your home search.
When you start your search, you'll probably want to make a check list of items you want to have, get a feeling for what neighborhoods you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is no more than 1/3 of your net monthly income is a good rule to go by.
Step 2 – Get in touch with a real estate agent in Titusville
This is where I come in.
We'll set up a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about everything from neighborhoods, schools in the Titusville area, the mortgage industry, to any other economic factors that could affect your purchase today or in the future.
I can also help you facilitate the loan process.
There are some great mortgage professionals in Titusville, and I partner with a lot of them, so you'll be in great hands.
They can help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin house hunting
Following our initial meeting, I'll begin searching for homes on the market that are good for you.
I'll preview many of the houses and remove the bad ones, and then we'll set up appointments to view the homes when it's most convenient for you.
When we tour the homes, I'll show you the positive features and negative ones. I'll also ask you to tell us about things you like and dislike.
It's widely common for buyers to update their wish list as we view homes and some items become more necessary than others.
If that happens, I'll look through all the listings once again and narrow it down to the home you've been wishing for.
Step 4 – Understand the market
My awareness of the Titusville market is a leading element in your house search. I'm conscious of all the school districts and neighborhoods, and I can alert you to which areas are "hot" and demand immediate action and the ones that are "cool" and allow for thoughtful examination.
When we tour homes, I'll be sure to tell you if the seller's list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be careful and be sure to ask a lot of questions, as every real estate agent will convince you they comprehend the market.
If things don't add up, call me at 321-268-8884 or e-mail me at , and I'd be glad 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
I'm positive we'll find the house of your dreams in Titusville. When that happens, I'll thoroughly develop your purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are getting financing, completing the inspection, and a clear title.
When turning in your offer, you'll need to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to buy the property and is typically applied to the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer, and it's extremely common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll create a contract that is best for you.
Step 7 – Get a loan
Once we sign the final sales contract, you'll start working with your lender to close the loan.
If you've been pre-approved, this shouldn't take long at all, but you need to keep in close contact with your mortgage lender.
And I'll handle 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 mortgage lender within three days of receiving your application.
This estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a tight range of accuracy, and I'll analyze the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will most often occur at a title company or escrow office and will most likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call me at 321-268-8884 or e-mail me at .