Buying a home is one of the most exciting and important decisions most people will make. Having the right agent to provide you with personalized service based on your individual needs is key when starting the home buying process. The first step is finding the right licensed real estate agent who has extensive knowledge of the industry. It is important to discuss your wants, needs and lifestyle. At every stage it is important to act swiftly and deliberately.
Now that you have professional guidance, you can move onto the next step of getting pre-approved for a loan. There are a several of aspects such as income, credit, and assets that determine the type of loan. This will also establish your price point, so you are able to narrow down what homes suit your needs and are within your budget. Once you have started this process with a lender it is important to not make any large purchases or make any financial decisions that may affect your lender’s approval.
With your trusted real estate agent, your wants, needs, and a price point, it is time to start the search for your new home. Your agent will be able to identify homes that suit your criteria and give you options for your consideration. During this time, it is important to take notes and keep honest and open communication with your agent.
After searching and selecting the perfect home, your agent will then prepare a written offer. When establishing your offer, it is important consider the loan approval amount, your budget, list price, market analysis, improvements to the home as well as repairs needed. It is important to present a strong offer. A properly priced home in a low inventory area is going to have a lot of offers: make sure yours, along with your pre-approval, puts you in a place to win.
Before completing the purchase, you will need to perform your due diligence. This is the time period to identify any issues internal and external, restrictions, or any other factors that may affect the home and your purchase. This would be the time, when applicable, to request repair/ replacements or address and clarify any additional concerns regarding the property.
Once you have finalized all negotiations, the loan process and title work come next. In this final stage it is key for you to be in communication with your real estate agent, lender, and closing agent. The lender and closing agent may be asking for additional documentation and it is important to provide them with this information as soon as possible to avoid any delays. Do not make any large purchases or any financial decisions that may affect your lender’s approval.
Moving to Northeast Florida?
Northeast Florida is made up of a number of great communities and neighborhoods. We can guide you through all of your options. Whether you want a place in one of our beautiful suburbs or subdivisions or a nice condo, We’ll help you pick out the areas that suit you best. We provide you with insights into aspects that include local schools, amenities, transportation, shops and more.