Buying or selling a home in West Palm Beach? J. Briann Realty Group, Inc. can help.
With a little up-front planning, buying a home isn't very difficult, but the event can be stressful for a lot of people.
I like to supply buyers with an outline of the entire deal so they'll know exactly what to expect.
Below are my nine steps to buying a home.
If you have questions about this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
There are plenty of things you need to take into account before you start searching for a home.
You'll want to put together a check list of must-haves, plan for what neighborhoods and school districts you'd like to live in, and start working on your budget.
Ensuring your mortgage payment is less than a third of your monthly income is a good principle to go by.
Step 2 – Get in touch with a real estate agent
This is where I come in.
I'd be happy to set up a time to meet with you and speak with you about why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the West Palm Beach area, the mortgage industry, and any additional economic factors that could potentially affect your buying decision today or in the future.
I'll also help you begin the loan process.
I partner with some of the finest mortgage professionals in West Palm Beach, so you can rest assured that you're in great hands.
They will assist you in figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Begin your home search
After we meet for the first time, I'll start looking for available homes on the market that are good for you.
I'll preview many of the houses and ignore the duds, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
When we view houses, I'll show you the positive features, as well as negative ones. I'll also ask you to point out what things you like and don't like.
It's common for buyers to revise their list of must-haves as we view houses and some features become more substantial than others.
If that's the situation, I'll search the listings another time and trim it down to the house you've been dreaming about.
Step 4 – Understand the housing market
My knowledge of the West Palm Beach market is a fundamental factor in your home search. I am acquainted with all the school districts and neighborhoods, and I'll alert you to which neighborhoods are "hot" and demand prompt action and others that are "cold" and allow for thoughtful examination.
As we view houses, I'll be sure to tell you when the seller's list price has room for negotiation and when I believe the house is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions. Any REALTOR will claim to understand the housing market.
If it appears they don't know everything, call 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 through the entire process.
Step 5 – Find the home you've been waiting for
I'm certain we'll find your dream house in West Palm Beach. When that happens, I'll carefully create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are obtaining financing, finishing the inspection, and a clear title.
When we send in your purchase offer, you'll want to present "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property, and it's usually put towards the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the beginning offer, and it's pretty common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your budget. And at the end of the day, we'll create a deal that is best for you.
Step 7 – Secure a loan
Upon finalizing the contract, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, it shouldn't take long at all, but you'll need to stay in close contact with your mortgage lender.
And I'll manage 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) detailing closing costs from your mortgage lender within three days of accepting your application.
This estimate depends on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a strict range of accuracy, and I'll analyze the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will probably occur at a title company or escrow office and will likely be a smooth and calm affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, make sure you call me at 561-688-1316 or e-mail me at .