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Contemplating purchasing a new home in Delray Beach?

Purchasing a home can be stressful for a lot of people, but it isn't all that difficult with a bit of up-front planning. So they'll understand exactly what to expect, I like to provide buyers with a road map of the whole deal. 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 glad to address questions you have about this information.

Step 1 – Get ready to purchase a home
Before you begin looking for a home, there are many things you'll want to take into account. When you begin your search, you'll probably want to create an outline of must-haves, plan for what school districts and neighborhoods you want to live in, and begin planning your budget. A good rule of thumb to follow is that your mortgage payment should be a third of your net monthly income.

Step 2 – Speak with a real estate agent
That's where I come in. I'd like to schedule a time to meet with you and communicate with you about why you want to buy a home and get an idea of your plans for the future. We'll talk about neighborhoods, schools in the Delray Beach area, the mortgage and housing industries, and any additional economic factors that may potentially affect your buying decision today or in the future.

In addition, I'll help you facilitate the loan process. I partner with some of Delray Beach's best mortgage professionals, so you're 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 – Start your home search
After our initial meeting, I'll start looking for homes on the market that are great for you. I'll research many of the houses and remove the duds, and then we'll book appointments to view the homes whenever it's convenient for you.

When we tour homes, I'll show you the good features and bad ones. I'll also ask you what things you like and don't like. Generally, buyers change their wish list as we view houses and some items become far more important than others. If that happens, I'll go back through the listings another time and trim it down to the home of your dreams.

Step 4 – Get a grasp of the market
My awareness of the Delray Beach housing market is a necessary agent in your home search. I am mindful of all the schools and neighborhoods, and I will let you know certain districts are "hot" and demand prompt action and others that are "cold" and allow for thoughtful examination.

As we tour homes, I'll be sure to tell you if the asking price has room for negotiation or if I believe the home is "priced to sell." Any real estate agent in Delray Beach will tell you they know the housing market, but be on guard, and make sure you ask your agent lots of questions. If things don't add up, contact me at (561) 212-3347 or e-mail me at , and I'll be glad to answer any questions you may have. My market expertise will help you stay a step above the rest throughout the entire process.

Step 5 – Find the home you've been looking for
We'll find your dream house in the Delray Beach area, and when that happens, I'll carefully develop your home purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as acquiring financing, finishing the inspection, and a clean title.

When we present your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property and is usually applied to the cost of closing. If the offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer – it's really common to receive a counter offer. Don't let this discourage 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 move on.

Market circumstances will play a large role in how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And when it's all said and done, we'll create a deal that's best for you.

Step 7 – Get financing
Once the deal is finalized, you'll start working with your mortgage lender to close the loan. If you've been pre-qualified, this won't take very long at all, but you should to keep in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) detailing your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of taking your application. This estimate depends on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy, and I'll study the estimate and let you know if everything looks okay.

Then we'll close on your home. This will probably occur at a title company or escrow office and will probably be a smooth and hassle-free event.

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

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