Looking to buy a home in West Palm Beach? J. Briann Realty Group, Inc. can help.
Purchasing a home can be stressful for a lot of people. However, with a bit of planning ahead of time, it's not too hard.
I like to give buyers an overview of the entire deal so they'll know exactly what they can expect.
Here are my nine steps to buying a home.
Should you have any questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy a home
There are plenty of things you should contemplate before you start looking for a home.
You'll probably want to make a checklist of items you need, get a feeling for what school districts and neighborhoods you want to live in, and begin planning around your budget.
A good guideline to adhere to is that your mortgage payment should be close to a third of your net monthly income.
Step 2 – Connect with a real estate agent
This is where I can help.
I'd love to book 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 plans for the future.
We'll discuss the mortgage industry, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and schools in the West Palm Beach area.
I'll also help you get started on your loan.
There are some great mortgage professionals in West Palm Beach, and I work with a lot of them, so you can rest assured that you're in great hands.
They'll assist you with choosing which type of loan is best for you and help you get approved.
Step 3 – Begin looking for a house
After our initial meeting, I'll start finding homes on the market that suit your needs.
I'll get a sneak peek of many of the homes and throw out the bad ones, and then we'll book appointments to tour the houses at a time that's convenient for you.
When we tour the homes, I'll show you the positive features and negative ones. I'll also ask you about things you like and dislike.
It's widely common for buyers to amend their wish list as we tour homes and some things become far more substantial than others.
If that's the situation, I'll go back through all the listings once more and narrow it down to the home of your dreams.
Step 4 – Get a grasp of the market
Your agent's understanding of the West Palm Beach home market is an essential component in your home search. And I can assure you I'm acquainted with all the schools and neighborhoods, and I'll alert you to what districts are "hot" and require prompt action and some that are "cold" and allow for cautiousness.
When we view houses, I'll make sure to communicate when the seller's list 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 plenty of questions, as any real estate agent will convince you they comprehend the market.
If it seems like they don't know everything, contact me at 561-688-1316 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market knowledge will help you stay a step above the rest throughout the entire deal.
Step 5 – Find your dream home
I know we'll find the house of your dreams in West Palm Beach. When that happens, I'll meticulously develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as obtaining financing, finishing the home inspection, and a clear title.
When turning in your offer, you'll want to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property, and it's usually put towards the cost of closing. If your offer is accepted, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the first offer, and it's extremely common to receive a counter offer. Don't let this intimidate you. We'll talk over whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market conditions will play a big part in how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll compose a deal that works well for you.
Step 7 – Secure your loan
After the contract is finalized, you'll start working with your lender to close the loan.
If you're pre-approved, this won't take much time at all. But you need to keep in close contact with your lender.
And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) of your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of taking your application.
This estimate is formed from the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a tight range of accuracy. I'll examine the estimate and let you know if everything looks adequate.
Then we'll close on your house. This should occur at a title company or escrow office and will most likely be a smooth and stress-free occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just contact me at 561-688-1316 or e-mail me at .