Looking to purchase your home in West Palm Beach? Blue to Green Realty can help.
Buying a home is a stressful event for a lot of people, but it isn't all that confusing with some up-front planning.
So they know exactly what they can expect, I'll supply buyers with an overview of the whole deal.
Here are my nine steps to buying a home.
If you have any questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy a home
Prior to starting your home search, there are several things you should consider.
You'll most likely want to make a check list of features you need to have, plan for what neighborhoods and school districts you want to live in, and begin working on your budget.
Ensuring your mortgage payment is less than or close to 1/3 of your net monthly income is a good rule to adhere to.
Step 2 – Get in touch with a real estate agent in West Palm Beach
This is where I can help.
I'd be more than happy to set up a time to get together with you and communicate with you about why you want to buy a home and get an idea of your future plans.
We'll discuss neighborhoods, schools in the West Palm Beach area, the mortgage industry, and any other economic factors that might affect your purchase today or in the future.
I'll also help you start the loan process.
I partner with some of the best mortgage professionals in West Palm Beach, so you're in great hands.
They will assist you with deciding which type of loan is best for you and help you get qualified.
Step 3 – Begin looking
Following our initial meeting, I'll begin looking for available houses on the market that meet your needs.
I'll get a sneak peek of many of the homes and exclude the duds, and then we'll book appointments to tour the homes at a time that's convenient for you.
When we tour the houses, I'll point out positive features and bad ones. I'll even ask you to talk about things you like and don't like.
It's common for buyers to revise their list of must-haves as we tour homes and some items become more important than others.
If that's the case, I'll look through the listings again and narrow it down to the home you've been wishing for.
Step 4 – Understand the market
My awareness of the West Palm Beach market is a necessary aspect in your house search. I'm mindful of all the neighborhoods and school districts, and I will let you know some neighborhoods are "hot" and warrant prompt action and others that are "cold" and allow for careful examination.
When we tour houses, I'll be sure to tell you when the asking price has room for bargaining and when 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 real estate agent in West Palm Beach will claim to comprehend the housing market.
If it doesn't seem like they know everything, just call me at 561-868-0591 or e-mail me at , and I'll be more than happy to answer your questions. My market expertise will keep you a step ahead through the entire process.
Step 5 – Find the house you've been waiting for
I'm positive we'll find the house of your dreams in West Palm Beach. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies. A few examples are acquiring financing, carrying out the inspection, and a clean title.
When turning in your offer, you'll need to present "earnest money." This is a cash deposit made to the seller to secure an offer to purchase the property, and it's often applied to the closing costs. If the offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the first offer – it's widely common to receive a counter offer. But don't let this alarm you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market conditions will play a part in how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And at the end of the day, we'll put together a contract that works well for you.
Step 7 – Obtain a loan
Upon signing the deal, you'll begin working with your lender to close the loan.
If you're already pre-qualified, it shouldn't take very long at all, but you should to keep in close contact with your mortgage lender.
And I'll take care of all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of receiving your application.
This estimate is formed from the loan amount, and RESPA requirements mandate that it has to contain all closing costs and be within a strict range of accuracy. I'll examine the estimate and let you know if everything looks okay.
Then we'll close on your home. This should happen at a title company or escrow office and should be a smooth and relaxed affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, be sure to call me at 561-868-0591 or e-mail me at .