Let ERA Big Sun Realty assist you with buying a home in Ocala
Purchasing a home intimidates a lot of people. However, with some up-front planning, it isn't all that complicated.
So they'll know exactly what they can expect, I like to furnish buyers with an outline of the whole deal.
Here are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Get ready to buy a home
Before you begin your home search, there are plenty of things you'll want to contemplate.
It's likely that you'll want to make a checklist of features you need to have, get a feeling for what school districts you want to live in, and begin working on your budget.
Ensuring your mortgage payment is less than 30 percent of your monthly income is a good principle to go by.
Step 2 – Get in touch with a real estate agent in Ocala
That's where I come in.
I'd be more than happy to arrange a time to get together with you and communicate with you 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 assist you in getting started on your loan.
ERA Big Sun Realty partners with some of the finest mortgage professionals in Ocala, so you'll be in great hands.
They'll assist you in deciding which type of loan is best for you and help you get qualified.
Step 3 – Begin your search
Following our initial meeting, I'll begin finding available houses on the market that are a great fit for you.
I'll get a sneak peek of most of the homes and exclude the duds, and then we'll set up appointments to tour the homes at a time that's convenient for you.
When we view houses, I'll identify good features, as well as negative ones. I'll even ask you what things you like and don't like.
Frequently, buyers amend their must-have list as we view homes and some items become more substantial than others.
If that's the case, I'll look through all the listings another time and narrow it down to the house you've been dreaming about.
Step 4 – Comprehend the market
Your agent's understanding of the Ocala market is a leading element in your home search. And I assure you I'm familiar with all the neighborhoods and schools, and I can communicate some areas are "hot" and call for immediate action and others that are "cold" and allow for thoughtful analysis.
When we view homes, I'll make sure to communicate if the list price has room for bargaining or if I believe the house is "priced to sell."
Every REALTOR in Ocala will convince you they comprehend the home market, but keep an eye out, and be sure to ask plenty of questions.
If it seems like they don't know everything, contact me at 352-237-4343 or e-mail me at , and I'll be happy to answer any questions you might have. My market knowledge will help you stay a step above the rest through the entire process.
Step 5 – Find the home you've been looking for
I'm positive we'll find your dream house in the Ocala area. When we do, I'll meticulously develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as acquiring financing, finishing the home inspection, and a clean title.
Upon submitting your purchase offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property. The amount is often put towards the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the initial offer. It's widely common to receive a counter offer. Don't let it alarm you. We'll consider whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and go on.
The state of the market will play a role in how aggressively we negotiate the contract.
We'll also work within your financing budget. And when it's all said and done, we'll put together a contract that's best for you.
Step 7 – Obtain financing
Once the contract is finalized, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it won't be a long process at all. But you should to keep in close contact with your mortgage lender.
And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) outlining closing costs within three days of getting your application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of accepting your application.
This estimate is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a tight range of accuracy, and I'll study the estimate and let you know if it all looks okay.
Then it's time to close on your house. This will probably happen at a title company or escrow office and will probably be a smooth and pleasant event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply contact me at 352-237-4343 or e-mail me at .