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Contemplating purchasing your home in Delray Beach? D'Addio Realty can help.

Purchasing a home is stressful for many people, but with a bit of up-front planning, it's not that complicated. I like to give buyers an overview of the entire deal so they understand exactly what to expect. Below 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 happy to address any questions you have about this information.

Step 1 – Get ready to purchase
Prior to starting your home search, there are plenty of things you'll want to do. You'll probably want to put together an index of features you want to have, get a feeling for what neighborhoods and school districts you want to live in, and start working on your budget. Ensuring your mortgage payment is less than or around a third of your net monthly income is a good rule of thumb to adhere to.

Step 2 – Connect with a real estate agent in Delray Beach
This is where D'Addio Realty can help. I'd like to book a time to get together with you and speak with you about why you want to buy a home and get an idea of your future plans. We'll talk about everything from neighborhoods, school districts in the Delray Beach area, the mortgage industry, to any other economic factors that could affect your purchase today or in the future.

I'll also help you get started on your loan. I work with some of Delray Beach's best mortgage professionals, so you'll be in great hands. They can help you determine which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin your home search
After our first meeting, I'll begin looking for houses on the market that are a great fit for you. I'll research many of the homes and remove the bad ones, and then we'll set up appointments to view the homes whenever it's most convenient for you.

When we view the houses, I'll show you the positive features and negative ones. And I'll ask you to talk about things you like and don't like. Frequently, buyers change their wish list as we tour houses and some items become more necessary than others. If that's the situation, I'll go back through the listings once more and narrow it down to the home you've been dreaming about.

Step 4 – Get a grasp of the market
My understanding of the Delray Beach home market is a fundamental aspect in your home search. I am mindful of all the neighborhoods and school districts, and I'll let you know certain areas are "hot" and warrant prompt action and others that are "cool" and allow for cautiousness.

When we tour homes, I'll let you know when the asking price has room for bargaining and when I believe the house is "priced to sell." Every real estate agent will claim to comprehend the housing market, but be mindful, and make sure you ask your agent plenty of questions. If it seems like they don't know everything, call me at (561) 212-3347 or e-mail me at , and I'll be glad to answer any questions you may have. My knowledge of the market will keep you a step above the rest through the entire process.

Step 5 – Find the house you've been looking for
I'm positive we'll find your dream home in Delray Beach. When we do, I'll thoroughly develop your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as getting financing, finishing the home inspection, and a clean title.

When we send in your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit given to a home seller to secure the offer to purchase the property. The amount is often put towards the cost of closing. If the seller accepts your offer, we should close within 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals aren't closed on the first offer. It's extremely common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the deal depends on market conditions. In addition, we'll work within your financing budget. And at the end of the day, we'll put together a contract that works well for you.

Step 7 – Obtain financing
Upon completing the contract, you'll start working with your mortgage lender to close the loan. This shouldn't take long at all if you're pre-approved, but you should to keep in close contact with your lender. And I'll manage all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of getting your application. The estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a tight range of accuracy. I'll go over the estimate and let you know if everything looks permissible.

Then it's time to close on your house. This will most often occur at a title company or escrow office and should be a smooth and calm occasion.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you contact me at (561) 212-3347 or e-mail me at .

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