| Steps to Buying Your New Home
The Exit Beach Realty Buyer's program ensures we assist you in every aspect of finding your perfect home. We are available a FREE 15 minute consultation either over the phone or at our office. Our Buyer's program can find you the right property, for the right price, in the right amount of time. Contact us and decide for yourself. |
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Decide on Your Area and Needs – Whether for business relocation or personal reasons, research and narrow the area(s) you would like find your new home. Get Pre-Approved for Your Loan – Finding out how much you can afford is almost more important that any other step. This will give your and your Realtor the best framework to begin searching for your new home. Knowing your price range can dispense any disappointment or wasted time spent search in areas that are out of your price range. Many times, buyers have found they are approved for more than they expected, which can mean beginning a search in an area the buyers thought was off limits due to affordability. Find a Realtor You Can Trust – Showing you homes is not the only job a good Realtor will do for you. Your Realtor will be you fact checker, your negotiator, your agreement administrator and more. Select someone your are comfortable talking to and working with. List Your Wants & Needs – Take some time and write everything down that you know you want and need (i.e. four bedrooms and at least three baths, two car garage and a large backyard). Even add some amenities you think you may want (for example, an in-ground pool). Once you have your list, schedule a meeting with your Realtor to discuss finding everything you need and what you want in one property. Sign the Transaction Broker Notification – In the State of Florida, Real Estate Associates are 'presumed' to work as a Transaction Broker, which means they represent the transaction (or purchase/sales process) not an individual. Representing different parties as a single agent creates a fiduciary relationship that can lead to 'dual agency' by representing both parties. Dual Agency is illegal in the State of Florida. By signing the Transaction Broker Notification you are acknowledging you are a customer of the Real Estate associate and ready to work with them. Review Properties with Your Realtor – Now comes the fun. Your Realtor has found properties that match your wants and needs; they know exactly where to look because your Pre-Approval letter gives them the price range; and, now it's time to see what is available. Each Realtor is different, some will give you a list of homes in your price range and desired areas along with a map so you can preview the areas on your own. Other Realtors will jump in the car with you and look at every listing with you. If you have a preference, please make sure you tell your associate when your first talk to them. Select Your Perfect Home – You have found the right place. Everything is to your liking and you have the vision of how your life and furniture can fit right in. Congratulations! Submit Your Best Offer – After evaluating your desired property, discuss the best possible offer you would like to make. Discuss the possibilities and necessary items with your associate. Complete all the necessary agreements and include contingencies (like the results of a home inspection, financing requirements or your need to sell your current home). Compute how much your earnest money deposit will be and submit your offer. Negotiate to Buy – Be prepared for a counter offer. When your offer is submitted, the seller may, or may not, accept it. Sometimes a seller will want full asking price, while at other times he/she will ask for an amount more than offered but less than the listed price. The most honest statement that can be said at this time is, "You just do not know until you make an offer." Be ready to work with your Realtor. Your realtor can advise you if the counter offer is reasonable; whether it is on par with current sales; or, not in line with market values. Decide if you will counter, or accept, the seller's new offer being made. Your Realtor will have the best advice and knowledge. And remember, once an offer, on either side, is countered the original offer made is now null. Coordinate with Vendors – Do not wait until the last minute. Contact the moving company, the utility company, water bureau, cable TV, etc. When moving day comes around, have everyone ready to go and avoid unnecessary delays. Prepare for Closing – Be sure you have everything in place. You, or perhaps with your Realtor's help, have ordered an appraisal, a property inspection and/or an insect inspection. You may need extra funds to bring to closing such as additional down payment, be sure you have all the funds needs prior to closing. Closing companies will be sure you have a list of costs and additional funds prior to your closing date. If you need to move money from another account be sure you are ready. Close on your perfect home – Well the work negotiations are complete, the inspections are done and you are ready to finish the deal. The closing company (selected by the seller) will contact you about the date of closing after all the title work , mortgage company criteria and other papers are ready to sign. Depending on where you live, you may close from home (if you are out of state) or make an appointment to sign all the necessary papers at their office. Congratulations, and best of luck, in your new home! |