Looking to purchase your new home in Fort lauderdale? Charles Rutenberg Realty, Fort Lauderdale, The Scott Todd / Mike Imperiale Team can help.
Purchasing a home is intimidating for most people. However, with a bit of up-front planning, it isn't too complicated.
I like to supply buyers with an outline of the whole deal so they'll understand exactly what they can expect.
These are my nine steps to purchasing a home.
If 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 purchase a home
There are plenty of things you'll want to take into account before you start looking for a home.
It's likely that you'll want to create a list of items you need to have, get a feel for what neighborhoods you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than 30 percent of your net monthly income is a good rule to adhere to.
Step 2 – Connect with a real estate agent in Fort lauderdale
That's where I come in.
I'd be more than happy to set up a time to get together with you and talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, school districts in the Fort lauderdale area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
In addition, I'll help you get started on your loan.
Charles Rutenberg Realty, Fort Lauderdale, The Scott Todd / Mike Imperiale Team works with some of Fort lauderdale's finest mortgage professionals, so you can rest assured that you're in great hands.
They'll help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Start house-hunting
Following our initial meeting, I'll begin looking for available houses on the market that meet your needs.
I'll research most of the homes and remove the duds, and then we'll schedule appointments to tour the houses at a time that's convenient for you.
As we view homes, I'll point out good features, as well as negative ones. I'll even ask you to point out what things you like and dislike.
It's pretty common for buyers to amend their must-have list as we tour homes and some features become far more important than others.
If such is the case, I'll go back through the listings one more time and narrow it down to the home you've been waiting for.
Step 4 – Understand the housing market
An agent's understanding of the Fort lauderdale market is a necessary element in your home search. And I assure you I'm acquainted with all the neighborhoods and schools, and I can let you know which areas are "hot" and call for prompt action and others that are "cool" and allow for thoughtful analysis.
When we tour houses, I'll let you know if the list price has room for negotiation or if I believe the home is "priced to sell."
Be on guard and be sure to ask your agent a lot of questions, as every real estate agent will claim to know the housing market.
If things don't add up, just call me at 9548184743 or e-mail me at , and I'll be glad to answer any questions you have. My market expertise will help you stay a step above the rest through the entire deal.
Step 5 – Find the home you've been waiting for
I know we'll find your dream home in the Fort lauderdale area. When we do, I'll meticulously develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are getting financing, carrying out the home inspection, and a clean title.
When submitting your offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property and is typically applied to the closing costs. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the initial offer. It's extremely common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market circumstances will play a role in how aggressively we negotiate the contract.
We'll also work within your financing limits. And at the end of the day, we'll assemble a deal that works well for you.
Step 7 – Get financing
Once the deal is signed, you'll begin working with your mortgage lender to close the loan.
It won't be a long process at all if you're pre-approved, but you'll want to stay in close contact with your mortgage lender.
And I'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of receiving your application.
The estimate is formed from the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a close range of accuracy. I'll go over the estimate and let you know if it all looks good.
Then it's time to close on your home. This will most likely take place at a title company or escrow office and will likely be a smooth and calm affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, make sure you call me at 9548184743 or e-mail me at .