Buying a new home in Daytona Beach
With a little up-front planning, purchasing a home isn't that complicated, but the event intimidates many people.
So you'll understand exactly what to expect, I like to provide my buyers with an overview of the entire deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or send me e-mail
. I'm happy to answer any questions you have about this information.
Step 1 – Prepare to purchase a home
There are several things you'll want to do before starting your home search.
You'll probably want to assemble an index of must-have features, get a plan of what neighborhoods and school districts you'd like to live in, and begin planning around your budget.
Keeping your mortgage payment less than or close to a third of your monthly income is a good guideline to adhere to.
Step 2 – Get with a real estate agent in Daytona Beach
This is where I come in.
I'd be more than happy to arrange a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your future plans.
We'll talk about everything from neighborhoods, schools in the Daytona Beach 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 facilitate the loan process.
I work with some of the finest mortgage professionals in Daytona Beach, so you'll be in great hands.
They'll help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin looking
After our first meeting, I'll start finding homes on the market that are a good fit for you.
I'll research most of the homes and throw out the duds, and then we'll book appointments to view the homes when it's most convenient for you.
When we tour houses, I'll point out positive features, as well as negative ones. I'll even ask you what things you like and dislike.
It's common for buyers to update their wish list as we view homes and some items become far more crucial than others.
If that's the situation, I'll go back through all the listings once more and trim it down to the home you've been wishing for.
Step 4 – Get a grasp of the housing market
An agent's awareness of the Daytona Beach market is a necessary factor in your home search. And I assure you I'm acquainted with all the school districts and neighborhoods, and I can let you know some districts are "hot" and require prompt action and the rest that are "cool" and allow for more consideration.
As we view homes, I'll be sure to tell you when the seller's asking price has room for bargaining and also when I trust the home is "priced to sell."
Be mindful and be sure to ask your agent a lot of questions, as every REALTOR® will convince you they comprehend the housing market.
If it doesn't seem like they know everything, just call me at 386-846-3919 or e-mail me at email@example.com, and I'd be glad to answer any questions you have. My market expertise will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the house of your dreams
I know we'll find the house of your dreams in the Daytona Beach area. When we do, I'll carefully develop your purchase offer. The offer will be tailored keeping your needs in mind, including several contingencies, such as acquiring financing, completing the inspection, and a clean title.
When sending in your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property and is often put towards the closing costs. If your offer is accepted, we should close about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the beginning offer, and it's very common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.
The state of the market will play a part in how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And when it's all said and done, we'll assemble a deal that's best for you.
Step 7 – Get financing
Upon completing the deal, you'll begin working with your lender to close the loan.
It shouldn't take very long at all if you're already pre-qualified, but you should to stay in close contact with your mortgage lender.
And I'll manage all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of receiving your loan application.
The estimate is formed from the loan amount, and RESPA requirements mandate that it has to include all closing costs and be within a precise 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 probably happen at a title company or escrow office and should be a smooth and peaceful occurrence.
Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, simply call me at 386-846-3919 or send me an e-mail.