Looking to buy a home in Ocala? ERA Big Sun Realty can help.
With a little up-front planning, buying a home isn't that complex, but the event intimidates many people.
So they'll know exactly what to expect, I'll give buyers an outline of the whole deal.
These are my nine steps to buying a home.
Should you have questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to purchase
Before you begin searching for a home, there are several things you'll want to consider.
You'll probably want to put together an index of items you want to have, plan for what neighborhoods and school districts you'd like to live in, and start planning your budget.
A good guideline to adhere to is that your mortgage payment should be 1/3 of your monthly income.
Step 2 – Speak with a real estate agent in Ocala
That's where I come in.
I'd be happy to set up 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 everything from neighborhoods, school districts in the Ocala area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.
I can also help you begin the loan process.
There are some great mortgage professionals in Ocala, and I partner with a lot of them, so you're in great hands.
They'll assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After our first meeting, I'll start looking for available homes on the market that are a good fit for you.
I'll research most of the houses and throw out the duds, and then we'll schedule appointments to view the houses whenever it's most convenient for you.
When we tour houses, I'll show you the positive features and negative ones. I'll even ask you to talk about things you like and don't like.
It's common for buyers to update their must-have list as we tour houses and some items become more necessary than others.
If such is the case, I'll search the listings again and narrow it down to the house you've been wishing for.
Step 4 – Know the market
My awareness of the Ocala home market is a fundamental element in your home search. I'm conscious of all the schools and neighborhoods, and I can let you know which districts are "hot" and demand prompt action and others that are "cool" and allow for more consideration.
When we view homes, I'll be sure to tell you when the seller's asking price has room for bargaining and also when I think the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask a lot of questions, as any REALTOR in Ocala will claim to truly know the home market.
If things don't add up, just call me at 352-237-4343 or e-mail me at , and I'll be happy to answer any questions you have. My understanding of the market will help you stay a step above the rest through the entire process.
Step 5 – Find the house you've been looking for
I'm sure we'll find your dream home in Ocala. When we do, I'll precisely develop your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are acquiring financing, carrying out the inspection, and a clean title.
When turning in your offer, you'll need to submit "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property and is usually put towards the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer, and it's very common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
We'll also work within your financing constraints. And at the end of the day, we'll create a deal that is best for you.
Step 7 – Get financing
After we sign the final contract, you'll begin working with your lender to close the loan.
If you're already pre-approved, this won't take much time at all. However, you'll want to keep in close contact with your mortgage lender.
And I'll deal with all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) outlining closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of accepting your loan application.
The estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a close range of accuracy, and I'll study the estimate and let you know if everything looks adequate.
Then it's time to close on your home. This will most often take place at a title company or escrow office and will most often be a smooth and hassle-free occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just call me at 352-237-4343 or e-mail me at .