Purchasing your new home in Jensen Beach
Purchasing a home is a stressful event for many people, but it isn't all that hard with a bit of planning ahead of time. We like to furnish buyers with a road map of the entire deal so they understand exactly what they can expect. These are our nine steps to buying a home.
Step 1 – Get ready to buy a home
There are many things you need to do before beginning your home search. You'll want to create an index of items you need to have, plan for what school districts and neighborhoods you want to live in, and start planning your budget. Ensuring your mortgage payment is no more than 30 percent of your net monthly income is a good guideline to go by.
Step 2 – Speak with a real estate agent
This is where Welcome Home Realty International can help. We can arrange a time to get together so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and schools in the Jensen Beach area.
We'll also help you start the loan process. There are some excellent mortgage professionals in Jensen Beach, and we work with a lot of them, so you'll be in great hands. They can help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a house
After we meet, we'll start finding available houses on the market that are good for you. We'll preview many of the homes and eliminate the duds, and then we'll schedule appointments to view the homes whenever it's most convenient for you.
As we tour homes, we'll call attention to positive features, as well as negative ones. we'll also ask you about things you like and dislike. As a rule, buyers revise their list of must-haves as we view houses and some things become more substantial than others. If that happens, we'll go back through all the listings another time and narrow it down to the home of your dreams.
Step 4 – Know the market
An agent's knowledge of the Jensen Beach housing market is an essential factor in your house search. And we can assure you we're in touch with all the schools and neighborhoods, and we'll communicate which areas are "hot" and demand immediate action and the ones that are "cool" and allow for more examination.
As we view homes, we'll be sure to tell you if the list price has room for bargaining or if we believe the house is "priced to sell." When working with an agent, be careful and make sure you ask plenty of questions, as any REALTOR® in Jensen Beach will convince you they truly understand the home market. If things don't add up, just call us at (772) 934-9400 or e-mail us at firstname.lastname@example.org, and we'd be happy to answer any questions you have. Our understanding of the market will keep you a step ahead through the entire process.
Step 5 – Find the house you've been waiting for
We're sure we'll find your dream home in Jensen Beach. When that happens, we'll meticulously create your real estate purchase offer. The offer will be tailored with your needs in mind, including several contingencies. A few examples are obtaining financing, finishing the home inspection, and a clean title.
When we turn in your offer, you'll probably want to submit "earnest money." This is a deposit given to an escrow agent to show "good faith deposit" to go with your offer to buy the property. The amount is usually put towards the cost of closing. If the offer is accepted, we should close on the home within 30 to 60 days afterward your offer is accepted. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the beginning offer, and it's very common to receive a counter offer. Don't let it discourage you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the deal. We'll also work within your financing budget. And at the end of the day, we'll assemble a deal that's best for you.
Step 7 – Secure financing
After we sign the final sales contract, you'll begin working with your lender to close the loan. If you're already pre-approved, it shouldn't take very long at all, but you need to stay in close contact with your mortgage lender. And we'll manage all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of closing costs from your lender within three days of receiving your application. The estimate is based on the loan amount, and RESPA requirements mandate that it has to include all closing costs and be within a narrow range of accuracy. we'll study the estimate and let you know if everything looks permissible.
Then we'll close on your home. This will probably occur at a title company or escrow office and should be a smooth and relaxing 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 us at (772) 934-9400 or send us an e-mail.