Purchasing your home in Clearwater

Buying a home is stressful for many people, but it isn't all that hard with a little up-front planning. So they know exactly what to expect, I will furnish buyers with an overview of the whole deal. Below 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 questions you have about this information.

Step 1 – Prepare to buy
Before you start searching for a home, there are several things you need to consider. When you start your search, you'll want to put together an index of items you want to have, get an idea of what school districts you want to live in, and start planning your budget. Ensuring your mortgage payment is less than or close to 30 percent of your monthly income is a good guideline to adhere to.

Step 2 – Connect with a real estate agent
This is where I can help. We can schedule a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll talk about neighborhoods, schools in the Clearwater area, the mortgage industry, and any other economic factors that may affect your buying decision today or in the future.

I can also assist you in getting started on your loan. There are some very good mortgage professionals in Clearwater, and I partner with a lot of them, so you'll be in great hands. They will assist you in figuring out which kind of loan is best for you and help you get approved.

Step 3 – Start looking
Following our first meeting, I'll begin looking for available homes on the market that are a great fit for you. I'll get a sneak peek of many of the homes and ignore the bad ones, and then we'll set up appointments to tour the homes at a time that's convenient for you.

As we tour homes, I'll show you the good features, as well as bad ones. I'll even ask you to talk about things you like and don't like. It's widely common for buyers to change their must-have list as we tour homes and some items become far more substantial than others. If such is the case, I'll search all the listings again and narrow it down to the house you've been wishing for.

Step 4 – Know the market
An agent's knowledge of the Clearwater home market is a leading component in your house search. And I assure you I'm familiar with all the school districts and neighborhoods, and I'll alert you to what areas are "hot" and warrant prompt action and some that are "cool" and allow for thoughtful analysis.

As we tour homes, I'll let you know if the seller's list price has room for bargaining or if I believe the house is "priced to sell." Any REALTOR in Clearwater will tell you they understand the market, but keep an eye out, and make sure you ask your agent lots of questions. If it appears they don't know everything, contact me at or e-mail me at , and I'd be glad to answer any questions you might have. My market knowledge will help you stay a step above the rest throughout the entire process.

Step 5 – Find your dream house
We'll find your dream house in the Clearwater area, and when we do, I'll carefully develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are obtaining financing, finishing the home inspection, and a clean title.

When submitting your offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property and is often applied to the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts aren't closed on the first offer. It's widely common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and move on.

Market conditions determine how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And at the end of the day, we'll put together a contract that is best for you.

Step 7 – Get financing
After the deal is finished, you'll start working with your lender to close the loan. If you're already pre-approved, it shouldn't take long at all. But you need to stay in close contact with your mortgage lender. And I'll look after all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) of closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your application. The estimate is formed from the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a narrow range of accuracy, and I'll examine the estimate and let you know if everything looks okay.

Then it's time to close on your home. This will most likely occur at a title company or escrow office and will likely be a smooth and relaxed 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 or e-mail me at .

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