Buying your new home in Delray Beach?
With some planning ahead of time, purchasing a home isn't too complex, but the event is stressful for a lot of people.
I like to supply buyers with an overview of the whole deal so they'll know exactly what they can expect.
These are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer questions you have about this information.
There are several things you'll want to consider prior to starting your home search. You'll want to assemble a check list of must-have features, plan for what neighborhoods and school districts you'd like to live in, and begin working on your budget. A good principle to follow is that your mortgage payment should be less than or close to a third of your monthly income. Step 2 – Connect with a real estate agent in Delray Beach
This is where I can help. We can schedule 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 Delray Beach area, the mortgage and housing industries, and any additional economic factors that could affect your purchase today or in the future.
In addition, I'll help you start the loan process. There are some excellent mortgage professionals in Delray Beach, and I partner with a lot of them, so you'll be in great hands. They'll help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a home
After we meet, I'll begin finding houses on the market that are a good fit for you. I'll preview many of the homes and eliminate the bad ones, and then we'll schedule appointments to tour the houses when it's most convenient for you.
When we view the homes, I'll point out positive features and bad ones. I'll even ask you to tell us about things you like and don't like. It's widely common for buyers to revise their must-have list as we view houses and some items become far more substantial than others. If such is the case, I'll look through all the listings again and trim it down to the home you've been dreaming about.
Step 4 – Comprehend the market
My understanding of the Delray Beach home market is a necessary aspect in your home search. I am conscious of all the school districts and neighborhoods, and I can let you know some districts are "hot" and demand prompt action and some that are "cold" and allow for cautiousness.
As we view homes, I'll make sure to communicate if the list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions. Every real estate agent will tell you they truly understand the market.
If it appears they don't know everything, contact me at (561) 212-3347 or e-mail me at , and I'll be glad to answer your questions. My market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find the house you've been looking for
I'm certain we'll find the house of your dreams in Delray Beach. When we do, I'll meticulously create your home purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.
Step 6 – Negotiate
A lot of contracts don't close on the initial offer. It's extremely common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.
Step 7 – Get your loan
Once the contract is signed, you'll start working with your mortgage lender to close the loan. If you're pre-qualified, this won't be a long process at all, but you'll 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
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of getting your loan application. The estimate is formed from the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a precise range of accuracy. I'll go over the estimate and let you know if everything looks all right.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, be sure to call me at (561) 212-3347 or e-mail me at .