The Complicated Process Of Buying a Home
January 28, 2019
We simplify the sometimes complicated process of buying a new home!
Our step-by-step guidelines make it easy.
The next step is to get your financing in order. This is vital to a smooth transaction. Please read our report on the difference between “pre-qualification” and “pre-approval”. This gives us the “ammunition” we need to negotiate on your behalf for the best possible price and terms. Not only will this help, but check out our “Bundle” service for great savings. Having the right mortgage broker is as important as having the right Realtor. They are both vital in your home buying transaction. Accent Properties is a “family” company. …and my son, Michael, is our “in-house” mortgage broker. He is highly qualified to find you the best mortgage rate possible. Obviously you are free to choose any mortgage broker, but we do make our discount service available to you.
At this point, we will enter a detailed description of the home you’re looking for into our MLS service. You will receive every listing within your search criteria and then receive brand new listings as soon as they “hit” the market. We want to put as much detail as possible so you aren’t overloaded with too many homes to look through. It doesn’t make sense to us to keep sending you home listings that won’t meet your needs. We will deposit homes into your shopping cart……and you tell us which ones you like.
Once we find a home that interests you, we will set an appointment to look at the property. If you live out of town, we will preview the home for you. In this case, we usually call you while we’re there and tell you about the home as we walk through. This way, you can ask any questions that you might have at that point. If the seller is agreeable, we will also take additional photos and e-mail them to you. We are careful to tell you both the good and bad points of the home. Sometimes I feel that we go overboard in pointing out negative issues…..but we want you to be advised of anything that will affect your decision.
When we have found the home that is right for you, we will prepare a detailed market analysis to determine the best “offer price”. We consider how long the home has been on the market, the trends within the neighborhood showing what other homes have sold for, how soon you need to move, etc.
It’s time now to write the offer. We want to be sure that it is written with your best interests in mind. Offer price… home inspection….pest inspection…..disclosures, any items that you ask to remain with the home…..earnest money……title insurance…..home warranty…..closing date……any or special stipulations……any environmental tests, including mold inspection and radon gas testing, you wish to have conducted…..and all state required documents. We also attend to any issues regarding zoning, easements or other restrictions that might apply to the property. We always want to ask the seller to provide a CLUE report, which would tell us about any insurance claims that have been made on the property. Note* We actually provide radon gas testing for you as part of our comprehensive service to you.
Negotiation time! We present the offer along with a copy of the market analysis, your earnest money check and your pre-approval letter. This lets the sellers know that we have done our homework and are prepared for a swift closing. We are careful to protect your confidentiality…..never divulging any of your personal information to the listing agent. And they do ask because they work for the seller and want to give them every advantage.
Once we have finished negotiations, we are then ready to send a copy of the executed contract to the mortgage department for processing. At this point, the appraisal is ordered. While the paperwork is being processed, we will be conducting our home inspection and environmental testing. We strive for a smooth, trouble-free transaction.
We will be working with the closing department…. handling all the closing details during this time of mortgage finalization…..making sure that all paperwork is in order. Your responsibility during this time is to provide any required documentation and also to provide the name and phone number of your homeowners insurance agent.
We schedule a final walk-through the day of closing to make sure that the home is in the same condition as it was the day of purchase. At this time, you will need to carefully check the home and sign an agreement that you are accepting the home in its present condition.
Closing time! Once everything is ready, we set a time for closing that is convenient to you. In the State of Florida, closings are handled through a title company or attorney working directly with the lender. If you cannot be present for closing, it can be handled through FedEx. All funds for closing must be in the form of certified funds. We always attend the closing with you to insure that everything is in order…..and all your questions are answered. Our job is finished only when you are satisfied. Click for an overview of the Good Funds Law.
We truly appreciate your business and know that without you, we wouldn’t have a business. Please contact me about anything we can do to help make your home buying process or move easier.