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Are you looking to purchase a home in Delray Beach? D'Addio Realty can help.

Buying a home is an intimidating event for most people. However, with a bit of planning ahead of time, it's not too confusing. I like to provide buyers with an outline of the entire deal so they'll understand exactly what to expect. Below are my nine steps to purchasing a home. If you have 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 buy a home
Before you begin searching for a home, there are several things you need to contemplate. When you start your search, you'll probably want to create an index of must-have features, get a feeling for what school districts and neighborhoods you want to live in, and begin working on your budget. Keeping your mortgage payment less than a third of your monthly income is a good principle to go by.

Step 2 – Communicate with a real estate agent in Delray Beach
This is where D'Addio Realty comes in. I'd love to schedule a time to meet with you and speak with you regarding 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 other economic factors that may affect your buying decision today or in the future.

In addition, I'll assist you with getting started on your loan. D'Addio Realty partners with some of the best mortgage professionals in Delray Beach, so you can rest assured that you're in great hands. They'll help you determine which type of loan is best for you, as well as help you get approved.

Step 3 – Start house hunting
Following our initial meeting, I'll start searching for available houses on the market that are great for you. I'll get a sneak peek of most of the homes and eliminate the duds, and then we'll set up appointments to view the houses whenever it's convenient for you.

When we view homes, I'll point out good features, as well as bad ones. I'll even ask you to tell us about things you like and dislike. Most often, buyers revise their list of must-haves as we view homes and some features become far more important than others. If that's the situation, I'll look through all the listings once more and narrow it down to the house you've been dreaming about.

Step 4 – Understand the market
My knowledge of the Delray Beach housing market is an essential component in your home search. I'm acquainted with all the school districts and neighborhoods, and I will alert you to some areas are "hot" and warrant immediate action and others that are "cool" and allow for careful examination.

As we view houses, I'll let you know if the asking price has room for bargaining or if I believe the house is "priced to sell." Be mindful and be sure to ask your agent a lot of questions, as every REALTOR will convince you they truly understand the home market. If things don't add up, call me at (561) 212-3347 or e-mail me at , and I'd be happy to answer any questions you have. My understanding of the market will help you stay a step ahead through the entire deal.

Step 5 – Find the home of your dreams
We'll find your dream home in Delray Beach, and when that happens, I'll precisely create your purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies. A few examples are acquiring financing, completing the inspection, and a clean title.

Upon submitting your offer, you'll want to present "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property. The amount is usually put towards the cost of closing. 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 the deal
Unfortunately most contracts aren't closed on the beginning offer – it's very common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.

The state of the market determines how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And when it's all said and done, we'll assemble a contract that's best for you.

Step 7 – Get your loan
Upon finalizing the deal, you'll begin working with your lender to close the loan. If you're already pre-approved, it won't take long at all, but you should to keep in close contact with your lender. And I'll care for all the property information your mortgage lender will need 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 receiving your application. The estimate is formed from the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a tight range of accuracy. I'll study the estimate and let you know if everything looks good.

Then we'll close on your home. This should take place at a title company or escrow office and will likely be a smooth and pleasant event.

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

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