Purchasing your new home in Tallahassee
Buying a home is a stressful event for most people, but it's not too complicated with some up-front planning.
We like to provide buyers with a road map of the entire deal so they know exactly what to expect.
Below are our nine steps to buying a home.
Should you have questions about this information or if you're prepared to get started, simply contact us here or send e-mail to firstname.lastname@example.org
Step 1 – Prepare to buy a home
There are a lot of things you should take into account prior to commencing your home search.
You'll want to form a list of must-haves, plan for what neighborhoods you want to live in, and start planning around your budget.
A good principle to follow is that your mortgage payment should be less than or around a third of your net monthly income.
Step 2 – Contact a real estate agent in Tallahassee
This is where we can help.
We'd like to plan a time to meet with you and talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Tallahassee area, the mortgage industry, to any other economic factors that could affect your buying decision today or in the future.
In addition, we'll help you start the loan process.
There are some excellent mortgage professionals in Tallahassee, and we work with a lot of them, so you're in great hands.
They can assist you in determining which kind of loan is best for you and help you get approved.
Step 3 – Begin house hunting
Following our first meeting, we'll begin looking for houses on the market that are a good fit for you.
We'll preview most of the homes and exclude the duds, and then we'll book appointments to view the houses when it's convenient for you.
As we view the homes, we'll point out good features, as well as bad ones. we'll also ask you about things you like and don't like.
It's common for buyers to update their must-have list as we view homes and some things become more substantial than others.
If that's the situation, we'll look through all the listings once again and trim it down to the house of your dreams.
Step 4 – Know the market
An agent's knowledge of the Tallahassee market is an imperative element in your house search. And we assure you we're well acquainted with all the neighborhoods and school districts, and we'll communicate what areas are "hot" and call for prompt action and the others that are "cold" and allow for more examination.
When we view homes, we'll be sure to tell you when the seller's asking price has room for bargaining and also when we believe the home is "priced to sell."
Every real estate agent will tell you they comprehend the market, but trust your instincts, and be sure to ask a lot of questions.
If things don't add up, call us at 850.222.3075 or e-mail us at email@example.com, and we'd be more than happy to answer any questions you have. Our market knowledge will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house you've been waiting for
We're positive we'll find the house of your dreams in Tallahassee, and when that happens, we'll thoroughly create your home purchase offer. The offer will be written to suit your needs. Whenever necessary, We never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
When turning in your offer, most likely you'll want to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property, and it's most often applied to the closing costs. If your offer is accepted, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
A lot of deals aren't closed on the initial offer, and it's widely common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll assemble a contract that's best for you.
Step 7 – Secure your loan
After we sign the final deal, you'll begin working with your mortgage lender to close the loan.
This shouldn't take long at all if you're already pre-approved, but you'll want to keep in close contact with your lender.
And we'll sort out all the property information your lender needs to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining closing costs from your mortgage lender within three days of getting your application.
This estimate rests on the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a close range of accuracy, and we'll study the estimate and let you know if it all looks all right.
Then we'll close on your house. This should happen at a title company or escrow office and will probably be a smooth and calm event.
Step 9 – Move in
Success! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, just call us at 850.222.3075 or send us an e-mail.