Purchasing a home is stressful for a lot of people. However, with some planning ahead of time, it isn’t that complicated. We like to provide buyers with an overview of the entire deal so they’ll understand exactly what they can expect. Here are our nine steps to buying a home.
There are plenty of things you need to take into account before you start looking for a home. When you start your search, you’ll probably want to form an outline of features you need to have, get a feel for what neighborhoods you’d like to live in, and begin working on your budget. Keeping your mortgage payment less than or close to a third of your net monthly income is a good rule of thumb to follow.
This is where Southwest Florida Realty 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 upcoming plans. We’ll discuss everything from neighborhoods, schools in the Cape Coral area, the mortgage and housing industries, to any other economic factors that might affect your buying decision today or in the future.
We’ll also help you begin the loan process. There are some great mortgage professionals in Cape Coral, and we work with a lot of them, so you’ll be in great hands. They’ll help you figure out which kind of loan is best for you, as well as help you get approved.
After meeting with us, we’ll start looking for homes on the market that meet your needs. We’ll preview many of the houses and throw out the duds, and then we’ll book appointments to tour the houses whenever it’s most convenient for you.
When we tour homes, we’ll identify good features and bad ones. we’ll even ask you to tell us about things you like and dislike. Usually, buyers revise their list of must-haves as we tour homes and some things become far more necessary than others. If that’s the situation, we’ll search all the listings once again and trim it down to the house you’ve been wishing for.
Our awareness of the Cape Coral market is a crucial benefit in your home search. We am acquainted with all the neighborhoods and schools, and we will communicate what districts are “hot” and call for immediate action and others that are “cool” and allow for thoughtful consideration.
As we view homes, we’ll be sure to tell you when the list price has room for negotiation and when we believe the home is “priced to sell.” Be careful and be sure to ask your agent lots of questions, as any real estate agent will tell you they truly know the market. If it seems like their knowledge of the market isn't where it should be, call us at 239-945-4444 or e-mail us at email@example.com, and we’ll be glad to answer any questions you may have. Our market knowledge will keep you a step ahead throughout the entire process.
We’ll find the house of your dreams in the Cape Coral area, and when that happens, we’ll carefully create your home purchase offer. The offer will be tailored to suit your needs. Whenever necessary, we never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.
A lot of contracts don’t close on the beginning offer, and it’s extremely common to receive a counter offer. Don’t let it discourage you. we’ll talk about whether or not to accept the counter offer, propose our own counter offer, or decline the seller’s offer and go on.
How aggressively we negotiate the deal depends on market circumstances. We’ll also work within your budget. And at the end of the day, we’ll formulate a deal that works well for you.
After the contract is complete, you’ll begin working with your lender to close the loan. If you’ve been pre-qualified, it won’t take very long at all. However, you should to keep in close contact with your mortgage lender. And we’ll take care of all the property information your lender needs to close the loan.
Your lender will provide you with a Good Faith Estimate (GFE) detailing closing costs within three days of getting your loan application. You’ll get a Good Faith Estimate (GFE) of your closing costs from your lender within three days of receiving your loan application. This estimate rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and fall within a tight range of accuracy. we’ll analyze the estimate and let you know if it all looks good.
Then we’ll close on your house. This will, most often, take place at a title company or escrow office and will, most often, be a smooth and relaxed occurrence.
You made it! It’s time to move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact us at 239-945-4444 or send us an e-mail.