Are you purchasing a home in PEMBROKE PINES? Miami New Realty can help.For a lot of people, buying a home can be a stressful event. However, with some planning ahead of time, it's not very complicated. So you'll understand exactly what to expect, I like to supply my buyers with an outline of the whole deal. Here are my nine steps to purchasing a home.
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Step 1 – Get ready to purchase
Before you begin searching for a home, there are several things you should do. It's likely that you'll want to create a checklist of items you want to have, get a plan of what school districts and neighborhoods you'd like to live in, and begin working on your budget. Keeping your mortgage payment less than a third of your net monthly income is a good rule to go by.
Step 2 – Speak with a real estate agent
This is where Miami New Realty can help. I'd be happy to book 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 everything from neighborhoods, school districts in the PEMBROKE PINES area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.
I'll also help you start the loan process. I work with some of the finest mortgage professionals in PEMBROKE PINES, so you'll be in great hands. They'll help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
After our initial meeting, I'll begin finding available homes on the market that are great for you. I'll preview most of the houses and remove the bad ones, and then we'll set up appointments to view the homes at a time that's convenient for you.
When we tour the houses, I'll show you the positive features and negative ones. And I'll ask you about things you like and don't like. Usually, buyers amend their must-have list as we tour houses and some features become far more substantial than others. If such is the case, I'll search all the listings once again and narrow it down to the home you've been waiting for.
Step 4 – Understand the market
My knowledge of the PEMBROKE PINES market is an indispensable asset in your search. I am conscious of all the schools and neighborhoods, and I will alert you to some districts are "hot" and require prompt action and the ones that are "cool" and allow for more consideration.
When we view homes, I'll make sure to communicate if the seller's 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, as every REALTOR® will claim to truly know the home market.
If things don't add up, just call me at 954 704 4335 or e-mail me at email@example.com, and I'd be happy to answer any questions you have. My knowledge of the market will help you stay a step ahead through the entire deal.
Step 5 – Find the home you've been looking for
I'm confident we'll find the house of your dreams in the PEMBROKE PINES area. When we do, I'll thoroughly develop your purchase offer. The offer will be tailored with your needs in mind, including some contingencies, such as obtaining financing, completing the inspection, and a clean title.
Upon sending in your offer, you'll likely need to submit "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property, and it's often applied to the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the initial offer, and it's extremely common to receive a counter offer. Don't let it intimidate 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 go on.
The state of the market determines how aggressively we negotiate the deal. In addition, we'll work within your budget. And when it's all said and done, we'll assemble a contract that is best for you.
Step 7 – Secure your loan
After we sign the final contract, you'll start working with your mortgage lender to close the loan. If you're already pre-approved, it won't take much time at all. But you'll need to stay in close contact with your lender. And I'll manage all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing closing costs from your lender within three days of getting your loan application. This estimate is formed from 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 go over the estimate and let you know if it all looks all right.
Then we'll close on your home. This will probably take place at a title company or escrow office and should be a smooth and relaxing occasion.
Step 9 – Move in
Success! It's time to move into your new home. Enjoy it. And if you need anything, make sure you contact me at 954 704 4335 or send me an e-mail.