Are you contemplating purchasing your home in Ocala? ERA Big Sun Realty can help.
For most people, buying a home is a stressful event. But with a bit of up-front planning, it's not all that confusing.
So they understand exactly what they can expect, I'll give buyers an overview of the entire deal.
Here are my nine steps to buying a home.
Should you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy
There are several things you'll want to do before starting your home search.
When you begin your search, you'll want to create a check list of must-haves, get a plan of what school districts you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is no more than a third of your net monthly income is a good rule to go by.
Step 2 – Communicate with a real estate agent in Ocala
That's where I can help.
We'll arrange a time to get together so we can talk about your real estate needs and get an idea of your plans for the future.
We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Ocala area.
In addition, I'll help you get started on your loan.
ERA Big Sun Realty partners with some of Ocala's best mortgage professionals, 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 – Begin your home search
After our first meeting, I'll start finding available houses on the market that suit your needs.
I'll preview many of the houses and remove the bad ones, and then we'll set up appointments to tour the homes when it's convenient for you.
When we tour the houses, I'll identify positive features, as well as bad ones. I'll even ask you about things you like and don't like.
Oftentimes, buyers change their wish list as we tour houses and some items become far more important than others.
If such is the case, I'll search the listings once more and narrow it down to the house you've been wishing for.
Step 4 – Understand the market
My understanding of the Ocala market is a crucial aspect in your house search. I'm informed of all the neighborhoods and schools, and I will alert you to what areas are "hot" and demand immediate action and the ones that are "cool" and allow for careful analysis.
As we view homes, I'll be sure to tell you when the asking price has room for bargaining and also when I believe the home is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions, as every REALTOR in Ocala will tell you they understand the market.
If it appears they don't know everything, call me at 352-237-4343 or e-mail me at , and I'd be glad to answer any questions you have. My market expertise will keep you a step ahead throughout the entire deal.
Step 5 – Find your dream home
We'll find the home of your dreams in the Ocala area, and when that happens, I'll meticulously develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are getting financing, completing the inspection, and a clear title.
Upon sending in your offer, most likely you'll want to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property. The amount is often put towards the cost of closing. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the first offer, and it's pretty common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and move on.
The state of the market determines how aggressively we negotiate the contract.
We'll also work within your financing limits. And when it's all said and done, we'll put together a deal that's best for you.
Step 7 – Secure financing
After the contract is complete, you'll begin working with your lender to close the loan.
This won't take very long at all if you've been pre-qualified, but you need to keep in close contact with your lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your loan application.
This estimate rests on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if everything looks all right.
Then it's time to close on your house. This should take place at a title company or escrow office and should be a smooth and comfortable affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just contact me at 352-237-4343 or e-mail me at .