Are you contemplating purchasing a home in Stuart?
Buying a home is a stressful event for many people. However, with a bit of up-front planning, it's not too hard. So you'll know exactly what to expect, I like to give my buyers a road map of the entire deal. These are my nine steps to purchasing a home.
If you have questions regarding this information or if you're ready to get started, simply contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Prepare to buy
Before you start looking for a home, there are many things you'll want to consider. It's likely that you'll want to create an outline of items you want, plan for what school districts you'd like to live in, and start planning your budget. A good guideline to go by is that your mortgage payment should be 1/3 of your net monthly income.
Step 2 – Talk to a real estate agent
This is where I can help. I'd like to arrange a time to meet with you and speak with you about why you want to buy a home and get an idea of your plans for the future. We'll discuss the mortgage and housing industries, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Stuart area.
I can also assist you in getting started on your loan. There are some very good mortgage professionals in Stuart, and I work with a lot of them, so you're in great hands. They will help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Start looking
Following our initial meeting, I'll start searching for homes on the market that are a great fit for you. I'll research many of the homes and ignore the duds, and then we'll set up appointments to view the homes when it's most convenient for you.
When we view houses, I'll show you the positive features, as well as bad ones. I'll even ask you about things you like and dislike. As a rule, buyers amend their must-have list as we tour houses and some features become far more substantial than others. If that happens, I'll search all the listings again and trim it down to the home you've been wishing for.
Step 4 – Understand the housing market
My knowledge of the Stuart market is a valuable advantage in your home search. I'm informed of all the neighborhoods and schools, and I will communicate certain districts are "hot" and require prompt action and the rest that are "cold" and allow for more consideration.
As we view houses, I'll be sure to tell you when the seller's asking price has room for bargaining 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. Any REALTOR® in Stuart will tell you they understand the housing market. If things don't add up, call me at or e-mail me at email@example.com, and I'll be more than happy to answer any questions you might have. My knowledge of the market will keep you a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
I'm sure we'll find your dream home in Stuart, and when we do, I'll carefully create your real estate purchase offer. The offer will be tailored to suit your needs. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
Upon presenting your offer, most likely you'll need to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property, and it's often put towards the cost of closing. If the offer is accepted, we should close on the home within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the first offer. It's very common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
The state of the market determines how aggressively we negotiate the deal. In addition, we'll work within your budget. And at the end of the day, we'll compose a contract that is best for you.
Step 7 – Get your loan
Once the deal is finished, you'll begin working with your lender to close the loan. This shouldn't be a long process at all if you've been pre-qualified, but you'll need to keep in close contact with your lender. And I'll take care of all the property information your mortgage lender needs 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 taking your application. This estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a narrow range of accuracy. I'll go over the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will most often take place 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 have any questions, simply call me at or send me an e-mail.