Are you contemplating buying a home in Pembroke Pines? LMG Realty, Inc can help.
For many people, buying a home can be stressful. But with a bit of up-front planning, it's not all that complicated.
So you'll know exactly what to expect, we like to supply our buyers with an overview of the whole deal.
Below are our nine steps to purchasing a home.
Step 1 – Prepare to buy a home
There are several things you should consider prior to commencing your home search.
You'll want to assemble an index of items you need to have, plan for what school districts and neighborhoods you'd like to live in, and begin planning your budget.
Keeping your mortgage payment around 1/3 of your net monthly income is a good rule of thumb to go by.
Step 2 – Speak with a real estate agent in Pembroke Pines
This is where LMG Realty, Inc comes in.
We'll schedule a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about the mortgage and housing industries, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Pembroke Pines area.
In addition, we'll help you start the loan process.
There are some excellent mortgage professionals in Pembroke Pines, and we partner with a lot of them, so you'll be in great hands.
They can help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a home
After our first meeting, we'll start searching for houses on the market that are great for you.
We'll research most of the houses and ignore the bad ones, and then we'll schedule appointments to view the homes at a time that's convenient for you.
When we view the houses, we'll point out good features, as well as negative ones. we'll even ask you to point out what things you like and don't like.
It's common for buyers to amend their list of must-haves as we tour houses and some items become far more substantial than others.
If that's the case, we'll search all the listings one more time and trim it down to the home of your dreams.
Step 4 – Know the housing market
Our awareness of the Pembroke Pines housing market is a crucial resource in your house search. We're mindful of all the schools and neighborhoods, and we'll will alert you to certain areas are "hot" and call for prompt action and the rest that are "cold" and allow for careful analysis.
When we view homes, we'll be sure to tell you when the seller's list price has room for bargaining and also when we trust the home is "priced to sell."
Be careful and be sure to ask plenty of questions, as every REALTOR® in Pembroke Pines will convince you they comprehend the home market.
If things don't add up, call us at 954-885-4990 or e-mail us at email@example.com, and we'd be happy to answer your questions. Our market expertise will keep you a step ahead through the entire process.
Step 5 – Find your dream house
We know we'll find the house of your dreams in the Pembroke Pines area. When we do, we'll precisely create your purchase offer. The offer will be tailored to suit your needs, including a lot of contingencies. A few examples are getting financing, carrying out the home inspection, and a clean title.
When we present your purchase offer, you'll probably need to present "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property and is usually applied to the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the beginning offer, and it's widely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and go on.
The state of the market will play a big part in how aggressively we negotiate the deal.
We'll also work within your financing limits. And at the end of the day, we'll put together a contract that's best for you.
Step 7 – Get financing
Upon completing the contract, you'll start working with your lender to close the loan.
If you're already pre-approved, this shouldn't take long at all, but you'll want to keep in close contact with your lender.
And we'll look after all the property information your mortgage lender needs to close the loan.>
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of receiving your loan application.
The estimate is based on the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a precise range of accuracy, and we'll review the estimate and let you know if everything looks all right.
Then we'll close on your house. This will most likely occur at a title company or escrow office and will most often be a smooth and relaxed occasion.
Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you have any questions, just contact us at 954-885-4990 or send us an e-mail.