Contemplating purchasing your home in West Palm Beach? J. Briann Realty Group, Inc. can help.
Buying a home is intimidating for most people, but it isn't that complex with a bit of up-front planning.
So they'll understand exactly what to expect, I will give buyers an outline of the entire deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Prepare to purchase
There are plenty of things you need to contemplate before commencing your home search.
When you start your search, you'll probably want to form an index of features you need, get an idea of what neighborhoods and school districts you'd like to live in, and start planning around your budget.
A good guideline to adhere to is that your mortgage payment should be 1/3 of your monthly income.
Step 2 – Get in touch with a real estate agent
This is where J. Briann Realty Group, Inc. can help.
We can arrange a time to get together 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 everything from neighborhoods, school districts in the West Palm Beach area, the mortgage industry, to any other economic factors that may potentially affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
I work with some of West Palm Beach's finest mortgage professionals, so you're in great hands.
They will help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Start house-hunting
After our first meeting, I'll begin finding homes on the market that are a great fit for you.
I'll get a sneak peek of many of the houses and eliminate the duds, and then we'll schedule appointments to view the homes at a time that's convenient for you.
When we tour the homes, I'll identify good features and bad ones. I'll also ask you to point out what things you like and dislike.
It's common for buyers to revise their must-have list as we tour houses and some things become more necessary than others.
If such is the case, I'll search the listings another time and trim it down to the house you've been waiting for.
Step 4 – Understand the housing market
Your agent's understanding of the West Palm Beach home market is a leading element in your home search. And I can assure you I'm familiar with all the school districts and neighborhoods, and I can let you know what districts are "hot" and warrant immediate action and some that are "cold" and allow for more analysis.
As we tour homes, I'll be sure to tell you when the seller's list price has room for bargaining and when I believe the house is "priced to sell."
When working with an agent, be on guard and be sure to ask lots of questions. Any REALTOR in West Palm Beach will claim to truly understand the market.
If it doesn't seem like they know everything, call me at 561-688-1316 or e-mail me at , and I'll be glad to answer any questions you have. My understanding of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
I'm positive we'll find your dream home in the West Palm Beach area. When that happens, I'll carefully create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as acquiring financing, finishing the inspection, and a clear title.
Upon turning in your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property. The amount is often applied to the closing costs. If your offer is accepted, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer, and it's pretty common to receive a counter offer. Don't let this intimidate you. We'll discuss whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your financing constraints. And when it's all said and done, we'll put together a deal that is best for you.
Step 7 – Secure a loan
After the contract is complete, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't take very long at all, but you should to stay in close contact with your lender.
And I'll care for all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of taking your loan application.
The estimate is based on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a narrow range of accuracy. I'll review the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will probably occur at a title company or escrow office and should be a smooth and hassle-free occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact me at 561-688-1316 or e-mail me at .