Contemplating purchasing a home in Fort Myers? RockStar Realty can help.
For a lot of people, purchasing a home can be a stressful event. However, with a bit of up-front planning, it isn't very difficult.
So you understand exactly what to expect, I like to supply my buyers with a road map of the entire deal.
Below are my nine steps to buying a home.
When you're ready to get started, just contact me here or send me e-mail
. I'm glad to answer questions you have about this information.
Step 1 – Get ready to purchase
There are many things you need to take into account before beginning your home search.
When you begin your search, you'll probably want to assemble a checklist of items you need to have, plan for what neighborhoods and school districts you want to live in, and start planning your budget.
A good rule of thumb to follow is that your mortgage payment should be less than 30 percent of your net monthly income.
Step 2 – Get in touch with a real estate agent in Fort Myers
This is where I come in.
I'll schedule a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Fort Myers area, the mortgage industry, to any other economic factors that might affect your purchase today or in the future.
In addition, I'll help you start the loan process.
There are some excellent mortgage professionals in Fort Myers, and I partner with a lot of them, so you can rest assured that you're in great hands.
They'll assist you in choosing which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a house
After our initial meeting, I'll start looking for available houses on the market that are a great fit for you.
I'll get a sneak peek of most of the homes and throw out the bad ones, and then we'll schedule appointments to view the homes when it's most convenient for you.
As we view houses, I'll identify positive features and bad ones. I'll also ask you to point out what things you like and don't like.
It's widely common for buyers to update their must-have list as we view homes and some things become more essential than others.
If that happens, I'll look through the listings another time and narrow it down to the home of your dreams.
Step 4 – Get a grasp of the housing market
My understanding of the Fort Myers market is a valuable advantage in your home search. I am familiar with all the neighborhoods and school districts, and I can alert you to which areas are "hot" and demand prompt action and the ones that are "cool" and allow for cautiousness.
When we view homes, I'll be sure to tell you if the asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be on guard and be sure to ask lots of questions. Any real estate agent in Fort Myers will tell you they truly know the market.
If it appears they don't know everything, contact me at 2393623173 or e-mail me at firstname.lastname@example.org, and I'd be happy to answer your questions. My market expertise will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream house
I'm sure we'll find your dream home in Fort Myers. When that happens, I'll meticulously develop your purchase offer. The offer will be tailored to suit your needs, including a lot of contingencies, such as obtaining financing, finishing the inspection, and a clear title.
When submitting your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property. The amount is most often put towards the closing costs. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the first offer, and it's very common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing constraints. And at the end of the day, we'll formulate a contract that's best for you.
Step 7 – Obtain your loan
Upon finishing the deal, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, it won't take much time at all, but you should to stay in close contact with your lender.
And I'll handle all the property information your mortgage lender needs to close the loan.>
Step 8 – Close the deal
Your lender will supply you with a Good Faith Estimate (GFE) detailing closing costs within three days of accepting your loan application.
This estimate depends on the loan amount. RESPA requirements require that it has to involve all closing costs and be within a precise range of accuracy, and I'll analyze the estimate and let you know if everything looks okay.
Then we'll close on your home. This will likely take place at a title company or escrow office and will probably be a smooth and easygoing event.
Step 9 – Move in
Success! Now you can move into your new house. Enjoy it. And if you need anything, simply call me at 2393623173 or send me an e-mail.