Looking to purchase a home in Fort Lauderdale? Atlantic Properties International can help.
Buying a home is an intimidating event for many people, but with a little planning ahead of time, it isn't too difficult.
I like to provide buyers with an outline of the entire deal so they understand exactly what they can expect.
These are my nine steps to purchasing a home.
Should you have questions regarding this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
Before you begin looking for a home, there are a lot of things you should contemplate.
It's likely that you'll want to make an outline of items you need to have, plan for what school districts you'd like to live in, and start planning around your budget.
Keeping your mortgage payment less than 30 percent of your net monthly income is a good principle to go by.
Step 2 – Communicate with a real estate agent in Fort Lauderdale
That's where I come in.
We can schedule a time to meet so we can talk 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 Fort Lauderdale area, the mortgage industry, and any additional economic factors that might affect your purchase today or in the future.
In addition, I'll help you get started on your loan.
There are some excellent mortgage professionals in Fort Lauderdale, and I work with a lot of them, so you're in great hands.
They'll help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a home
Following our first meeting, I'll begin searching for available houses on the market that are a good fit for you.
I'll get a sneak peek of many of the homes and throw out the duds, and then we'll schedule appointments to view the houses when it's convenient for you.
When we view houses, I'll show you the positive features, as well as bad ones. I'll even ask you to talk about things you like and don't like.
Frequently, buyers amend their list of must-haves as we view homes and some features become more crucial than others.
If that's the case, I'll search all the listings one more time and trim it down to the house of your dreams.
Step 4 – Know the housing market
My awareness of the Fort Lauderdale home market is an imperative factor in your house search. I am acquainted with all the neighborhoods and schools, and I can alert you to some areas are "hot" and demand immediate action and some that are "cool" and allow for more analysis.
When we tour houses, I'll make sure to communicate when the seller's asking price has room for bargaining and when I think the home is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions. Every real estate agent will tell you they truly know the housing market.
If it seems like they don't know everything, call me at 9548811753 or e-mail me at , and I'd be more than happy to answer your questions. My understanding of the market will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house you've been looking for
I know we'll find your dream house in Fort Lauderdale. When we do, I'll thoroughly develop your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies. A few examples are getting financing, carrying out the inspection, and a clean title.
When sending in your purchase offer, you'll probably want to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property. The amount is usually put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the beginning offer. It's really common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a big part in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a contract that's best for you.
Step 7 – Secure financing
Once the contract is finished, you'll begin working with your lender to close the loan.
If you're already pre-qualified, this won't be a long process at all, but you should to stay in close contact with your mortgage lender.
And I'll deal with all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of getting your application.
The estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a precise range of accuracy, and I'll study the estimate and let you know if everything looks okay.
Then it's time to close on your house. This will most likely happen at a title company or escrow office and is often a smooth and stress-free occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, make sure you call me at 9548811753 or e-mail me at .