Are you contemplating buying your home in West Palm Beach? J. Briann Realty Group, Inc. can help.
With some up-front planning, buying a home isn't very hard, but the event can be stressful for many people.
So they'll know exactly what to expect, I'll 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 glad to address any questions you have about this information.
Step 1 – Get ready to buy
There are a lot of things you'll want to consider before you start looking for a home.
You'll probably want to assemble a list of features you need, get a feeling for what neighborhoods you want to live in, and start working on your budget.
Ensuring your mortgage payment is around a third of your net monthly income is a good principle to go by.
Step 2 – Talk to a real estate agent in West Palm Beach
That's where I can help.
I'd love to plan a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your plans for the future.
We'll discuss the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and schools in the West Palm Beach area.
I can also assist you with getting started on your loan.
There are some very good 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 will assist you in choosing which type of loan is best for you and help you get approved.
Step 3 – Begin looking for a home
After our initial meeting, I'll begin searching for homes on the market that are good for you.
I'll get a sneak peek of many of the houses and exclude the duds, and then we'll set up appointments to tour the houses whenever it's most convenient for you.
As we tour the homes, I'll call attention to positive features, as well as negative ones. And I'll ask you to point out what things you like and don't like.
It's common for buyers to revise their wish list as we view homes and some features become far more necessary than others.
If that's the case, I'll search the listings once again and trim it down to the home you've been wishing for.
Step 4 – Get a grasp of the market
Your agent's awareness of the West Palm Beach home market is an imperative factor in your house search. And I assure you I'm familiar with all the neighborhoods and school districts, and I can let you know what areas are "hot" and warrant prompt action and some that are "cold" and allow for careful examination.
When we view homes, I'll let you know if the list price has room for bargaining or if I believe the house is "priced to sell."
Be careful and make sure you ask your agent lots of questions, as every REALTOR will claim to 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'd be happy to answer your questions. My market expertise will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house you've been looking for
We'll find the home of your dreams in West Palm Beach, and when that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies, such as getting financing, finishing the inspection, and a clean title.
Upon submitting your offer, you'll likely want to submit "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property, and it's typically put towards the closing costs. If your offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the beginning offer. It's widely common to receive a counter offer. Don't let it alarm you. We'll talk about whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market conditions will play a part in how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And when it's all said and done, we'll compose a contract that's best for you.
Step 7 – Secure a loan
Upon finalizing the deal, you'll start working with your mortgage lender to close the loan.
This shouldn't take much time at all if you're pre-qualified, but you'll need to keep in close contact with your mortgage lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) detailing closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of getting your application.
The estimate is based on the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a tight range of accuracy, and I'll examine the estimate and let you know if it all looks okay.
Then we'll close on your home. This will probably happen at a title company or escrow office and will most likely be a smooth and relaxed affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, make sure you call me at 561-688-1316 or e-mail me at .