Buying or selling a home in Stuart?
Purchasing a home is stressful for a lot of people, but it isn't too confusing with a little up-front planning.
So they understand exactly what to expect, I like to furnish buyers with an overview of the entire deal.
These are my nine steps to purchasing a home.
Should you have any questions about any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to purchase
There are many things you'll want to take into account prior to beginning your home search.
When you start your search, you'll want to make a check list of must-have features, get a feeling for what school districts you want 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 guideline to go by.
Step 2 – Contact a real estate agent in Stuart
This is where Lee Property Sales, Inc. can help.
I'd like to arrange a time to get together with you and speak with you regarding why you want to buy a home and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, schools in the Stuart area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.
In addition, I'll help you start the loan process.
There are some excellent mortgage professionals in Stuart, and I partner with a lot of them, so you can rest assured that you're in great hands.
They'll assist you in deciding which kind of loan is best for you and help you get approved.
Step 3 – Begin your home search
After our first meeting, I'll start finding available homes on the market that best suit you.
I'll preview most of the homes and throw out the bad ones, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
When we view the homes, I'll call attention to positive features and negative ones. I'll also ask you about things you like and dislike.
Most often, buyers revise their list of must-haves as we tour houses and some items become more essential than others.
If that's the case, I'll go back through the listings once again and narrow it down to the house you've been dreaming about.
Step 4 – Know the market
My knowledge of the Stuart market is a leading component in your home search. I am familiar with all the school districts and neighborhoods, and I will communicate some neighborhoods are "hot" and demand immediate action and others that are "cool" and allow for careful examination.
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 home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask plenty of questions. Every REALTOR in Stuart will convince you they know the housing market.
If things don't add up, call me at 772-266-4336 or e-mail me at , and I'd be more than happy to answer any questions you may have. My knowledge of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find your dream house
We'll find your dream home in Stuart, and when we do, I'll meticulously develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, finishing the home inspection, and a clear title.
When we present your offer, you'll likely want to present "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property and is most often put towards the closing costs. If the seller accepts your offer, we should close on the home within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning offer, and it's pretty common to receive a counter offer. But don't let it discourage you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
Market conditions will play a big part in how aggressively we negotiate the deal.
We'll also work within your financing limits. And when it's all said and done, we'll create a contract that's best for you.
Step 7 – Secure financing
Upon finishing the deal, you'll begin working with your lender to close the loan.
If you're pre-qualified, it won't take very long at all. However, you should to keep in close contact with your lender.
And I'll sort out 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 your closing costs from your mortgage lender within three days of receiving your loan application.
The estimate is formed from the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a precise range of accuracy, and I'll go over the estimate and let you know if it all looks okay.
Then it's time to close on your house. This will probably occur at a title company or escrow office and is often a smooth and pleasant event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, simply call me at 772-266-4336 or e-mail me at .