Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by your agent will help reduce the stress of buying a home and help you enjoy the journey as much as possible.
Responsible Party: Buyer & AgentLearn expectations for the entire buying process. Get pre-approved for a mortgage to see what you can afford and determine how much you want to afford as monthly payments.
Responsible Party: Buyer & AgentDevelop search parameters for your desired property. Receive daily e-mails of properties to determine what you want/like. Get in the car and go see the property.
Responsible Party: Buyer & AgentOnce you find a property you like and want, make an offer based on market value, interest level, and list price.
Responsible Party: Buyer & AgentIf there are multiple offers or a lower offer, we may need to adjust the offer accordingly.
Responsible Party: Buyer & AgentOnce your offer has been accepted, execute (signed by all parties: Buyer and Seller) the FR-BAR contract, which I have provided during the education process.
Up to 5 days after executed contract.Responsible Party: Buyer & Mortgage AgentYou've already been pre-approved, now it's time to officially apply for your mortgage, which must be completed 5 days after executing the contract. Contact your lender and they will walk you through this process.
$1,000 - $5,000+ depending on variables (cash vs. financing and/or how aggressive do you want to be, etc...) Buyer Expense - 3 days after executed contract.Responsible Party: BuyerGoes towards closing cost and/or purchase price. Buyer must wire money to title company designated no later than the 3rd day after fully executing the contract. EMD is determined by the Buyer when writing the contract. EMD is 100% refundable during the inspection period.
Responsible Party: Buyer & Agent15-calendar days from the executed date is on contract, BUT today’s industry-standard is 7-10 calendar days.
Once the inspection has been completed and we are moving forward with the transaction, begin getting Homeowner’s Insurance quotes. The insurance company will be requesting a copy of the 4-Point Inspection and Wind Mitigation results.
Responsible Party: BuyerLook over all the inspection results to determine if the property is in good standings or requires any repairs.
Responsible Party: Buyer & Agent
After review, we can proceed with the initial offer and terms, cancel the contract and receive your EMD back, or ask for a credit or reduction in purchase price due to possible unseen issues when the offer was made.
Responsible Party: Agent & Title AgentI will be in contact with the title company to make sure there are no issues.The role of a title company is to verify that the title to the real estate is legitimately given to the home buyer. Essentially, they make sure that a seller has the right to sell the property and that there are no liens on the property.
(appraisal upfront cost estimated at $495)Responsible Party: Buyer & Agent & Mortgage AgentBuyer to prepay for appraisal.
Appraisal ordered by the Lender if getting a Mortgage.
Turn on Utilities: Electric, Water, Sewage, Trash, Cable, Internet.
Forward mail to the new address.
Update address on shipping services: Amazon, Chewy, eBay, Target, etc.
(24 hours prior to closing)Responsible Party: Buyer & AgentBuyer and Agent walk the property 1 day prior to or day of closing to ensure the property is in the same condition and/or to ensure any repairs were completed when we executed the addendum after the inspection period.
Wire remaining Funds (down payment and closing costs) to the Title company.
Responsible Party: Buyer/Agent/MortgageGo to the title company and sign all paperwork. The process should take less than an hour. Once all paperwork is signed, you'll receive the keys to your NEW HOME! CONGRATULATIONS!!
Chris will bring all his experience and knowledge to assist you successfully through your real estate transaction and will do it with a level of professionalism and high standards that you should expect from a full-time professional real estate advisor.
309 Belleview Blvd
Belleair, FL 33756
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