Let Sanna Eronimous assist you with buying your home in Lake Worth
With a little planning ahead of time, purchasing a home isn't too confusing, but the event is stressful for many people. So you'll understand exactly what to expect, I like to provide my buyers with a road map of the entire deal. Here are my nine steps to purchasing a home.
Step 1 – Get ready to buy
There are a lot of things you'll want to contemplate before you look for a home. When you start your search, you'll probably want to make a check list of features you want to have, plan for what school districts and neighborhoods you'd like to live in, and start planning your budget. A good rule to adhere to is that your mortgage payment should be around 30 percent of your monthly income.
Step 2 – Contact a real estate agent in Lake Worth
This is where I can help. I'll schedule a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, schools in the Lake Worth area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
I can also help you get started on your loan. I partner with some of the best mortgage professionals in Lake Worth, so you're in great hands. They can assist you in figuring out which kind of loan is best for you and help you get approved.
Step 3 – Begin looking
Following our first meeting, I'll start finding houses on the market that are great for you. I'll preview many of the homes and throw out the duds, and then we'll book appointments to view the houses at a time that's convenient for you.
When we tour the houses, I'll call attention to good features, as well as bad ones. I'll even ask you to point out what things you like and don't like. It's common for buyers to revise their wish list as we tour homes and some things become far more substantial than others. If that's the case, I'll go back through the listings one more time and narrow it down to the house you've been wishing for.
Step 4 – Know the housing market
Your agent's awareness of the Lake Worth market is an imperative agent in your home search. And I can assure you I'm conscious of all the neighborhoods and schools, and I can communicate some districts are "hot" and warrant immediate action and the rest that are "cool" and allow for more analysis.
When we tour houses, I'll be sure to tell you when the list price has room for negotiation and also 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, as every REALTOR® will tell you they understand the housing market. If it seems like they don't know everything, contact me at (561) 317-2207 or e-mail me at email@example.com, and I'd be more than happy to answer any questions you may have. My knowledge of the market will help you stay a step ahead throughout the entire deal.
Step 5 – Find the home you've been looking for
I'm confident we'll find your dream house in the Lake Worth area. When that happens, I'll precisely create your home purchase offer. The offer will be tailored exactly to your needs, including several contingencies, such as acquiring financing, finishing the home inspection, and a clear title.
When we submit your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property. The amount is typically applied to the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer, and it's very common to receive a counter offer. Don't let it discourage you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and go on.
Market circumstances will play a vital role in how aggressively we negotiate the contract. We'll also work within your budget. And when it's all said and done, we'll create a contract that works well for you.
Step 7 – Get your loan
After we sign the final sales contract, you'll begin working with your lender to close the loan. If you're pre-approved, it shouldn't take long at all. However, you'll need to stay in close contact with your lender. And I'll sort out all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing closing costs from your lender within three days of accepting your loan application. The estimate depends on the loan amount, and RESPA requirements mandate that it has to include all closing costs and be within a close range of accuracy. I'll analyze the estimate and let you know if everything looks adequate.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and should be a smooth and easygoing occurrence.
Step 9 – Move in
Success! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at (561) 317-2207 or send me an e-mail.