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Buying a home in Delray Beach with D'Addio Realty

Purchasing a home is intimidating for many people, but it's not all that difficult with a little planning ahead of time. So they'll understand exactly what to expect, I like to provide buyers with a road map of the whole deal. Below are my nine steps to purchasing a home. Should you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase
There are several things you'll want to consider before commencing your home search. When you begin your search, you'll probably want to create an outline of items you want to have, get an idea of what neighborhoods and school districts you want to live in, and start planning around your budget. A good guideline to go by is that your mortgage payment should be no more than a third of your net monthly income.

Step 2 – Connect with a real estate agent in Delray Beach
This is where I can help. We'll book a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, school districts in the Delray Beach area, the mortgage industry, to any other economic factors that may potentially affect your buying decision today or in the future.

I can also help you start the loan process. There are some very good mortgage professionals in Delray Beach, and I work with a lot of them, so you'll be in great hands. They can assist you in figuring out which kind of loan is best for you and help you get approved.

Step 3 – Begin house hunting
After we meet, I'll start looking for available homes on the market that are good for you. I'll preview most of the houses and reject the duds, and then we'll set up appointments to view the houses when it's most convenient for you.

When we view houses, I'll show you the positive features, as well as negative ones. I'll also ask you about things you like and dislike. It's widely common for buyers to amend their must-have list as we tour houses and some items become more crucial than others. If such is the case, I'll go back through all the listings once again and trim it down to the home you've been wishing for.

Step 4 – Get a grasp of the market
An agent's awareness of the Delray Beach housing market is an essential factor in your house search. And I assure you I'm acquainted with all the neighborhoods and schools, and I'll alert you to which areas are "hot" and require prompt action and some that are "cool" and allow for careful consideration.

When we tour homes, I'll let you know when the asking price has room for negotiation and when I believe the house is "priced to sell." When working with an agent, be careful and make sure you ask plenty of questions, as every REALTOR in Delray Beach will convince you they understand the housing market. If it seems like they don't know everything, just call me at (561) 212-3347 or e-mail me at , and I'll be more than happy to answer your questions. My market knowledge will keep you a step ahead throughout the entire process.

Step 5 – Find the house you've been waiting for
I'm positive we'll find the house of your dreams in Delray Beach. When that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as getting financing, finishing the home inspection, and a clean title.

Upon presenting your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property. The amount is often put towards the closing costs. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts don't close on the beginning offer – it's really common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.

Market conditions determine how aggressively we negotiate the contract. In addition, we'll work within your financing limits. And when it's all said and done, we'll put together a deal that's best for you.

Step 7 – Obtain your loan
After the contract is complete, you'll begin working with your mortgage lender to close the loan. If you're pre-qualified, this won't take very long at all. However, you should to stay in close contact with your lender. And I'll look after all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) of your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your application. The estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if it all looks all right.

Then it's time to close on your house. This will probably happen at a title company or escrow office and is often a smooth and hassle-free occasion.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to contact me at (561) 212-3347 or e-mail me at .

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