Are you purchasing a home in Ocala? ERA Big Sun Realty can help.
With some up-front planning, purchasing a home isn't too hard, but the event intimidates a lot of people.
So they'll understand exactly what they can expect, I will provide buyers with a road map of the entire deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer any questions you have about this information.
Step 1 – Get ready to buy a home
There are a lot of things you need to do before you look for a home.
It's likely that you'll want to form an index of items you want to have, get a feeling for what school districts you want to live in, and start working on your budget.
Keeping your mortgage payment around 1/3 of your monthly income is a good principle to follow.
Step 2 – Connect with a real estate agent in Ocala
This is where I come in.
We can set up 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 discuss the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Ocala area.
In addition, I'll assist you in getting started on your loan.
There are some very good mortgage professionals in Ocala, and I work with a lot of them, so you're in great hands.
They will help you decide which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start your search
After our first meeting, I'll start searching for available houses on the market that meet your needs.
I'll preview most of the homes and eliminate the bad ones, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
As we tour the houses, I'll point out good features, as well as negative ones. And I'll ask you to talk about things you like and dislike.
It's pretty common for buyers to revise their must-have list as we view houses and some items become far more essential than others.
If that happens, I'll search all the listings once again and trim it down to the house you've been dreaming about.
Step 4 – Understand the market
My knowledge of the Ocala market is an essential component in your home search. I am informed of all the schools and neighborhoods, and I can alert you to what districts are "hot" and require immediate action and the ones that are "cool" and allow for thoughtful analysis.
As we tour houses, I'll make sure to communicate when the asking price has room for bargaining and also when I trust the home is "priced to sell."
When working with an agent, be mindful and make sure you ask a lot of questions, as every REALTOR will claim to comprehend the market.
If it doesn't seem like they 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 help you stay a step ahead through the entire deal.
Step 5 – Find your dream home
I'm sure we'll find your dream home in Ocala. When we do, I'll meticulously develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies. A few examples are getting financing, finishing the home inspection, and a clean title.
Upon turning in your offer, you'll want to present "earnest money." This is a cash deposit given to the home seller to secure the offer to buy the property, and it's most often put towards the closing costs. If your offer is accepted, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer – it's really common to receive a counter offer. Don't let it alarm you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal.
We'll also work within your financing constraints. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Secure financing
Once we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it won't take long at all, but you need to stay 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 send you a Loan Estimate (LE) of closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your loan application.
The estimate rests on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a close range of accuracy. I'll go over the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will most often take place at a title company or escrow office and will probably be a smooth and hassle-free affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just call me at 352-237-4343 or e-mail me at .