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Let Dave Lowe Realty Inc assist you in buying a home in Mt Dora

Buying a home is a stressful event for a lot of people. However, with some up-front planning, it's not that confusing. I like to give buyers an overview of the entire deal so they'll understand exactly what to expect. Below are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer any questions you have about this information.

Step 1 – Prepare to purchase
Prior to starting your home search, there are a lot of things you'll want to contemplate. You'll want to form a check list of features you want to have, get a plan of what school districts you'd like to live in, and begin planning around your budget. A good rule to follow is that your mortgage payment should be around a third of your monthly income.

Step 2 – Contact a real estate agent
That's where I come in. I'd love to set up a time to get together with you and communicate with you regarding your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, school districts in the Mt Dora area, the mortgage and housing industries, and any other economic factors that might affect your buying decision today or in the future.

I'll also assist you with getting started on your loan. I work with some of the best mortgage professionals in Mt Dora, so you're in great hands. They can assist you in figuring out which kind of loan is best for you and help you get qualified.

Step 3 – Begin your search
Following our first meeting, I'll begin finding homes on the market that are good for you. I'll preview most of the homes and exclude the duds, and then we'll book appointments to tour the homes when it's convenient for you.

When we view homes, I'll point out positive features, as well as negative ones. I'll also ask you to tell us about things you like and dislike. It's widely common for buyers to update their must-have list as we view homes and some things become more important than others. If that's the situation, I'll search the listings another time and trim it down to the home you've been dreaming about.

Step 4 – Know the housing market
My knowledge of the Mt Dora housing market is an imperative factor in your home search. I'm informed of all the neighborhoods and schools, and I can communicate certain districts are "hot" and call for prompt action and some that are "cool" and allow for careful consideration.

As we view houses, I'll let you know if the list price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be on guard and make sure you ask plenty of questions. Any real estate agent in Mt Dora will convince you they truly understand the housing market. If things don't add up, contact me at (352) 383-7104 or e-mail me at , and I'd be happy to answer any questions you might have. My market expertise will keep you a step ahead throughout the entire process.

Step 5 – Find the home of your dreams
We'll find your dream house in Mt Dora, and when that happens, I'll carefully develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as obtaining financing, finishing the inspection, and a clear title.

Upon turning in your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property, and it's often applied to the closing costs. If the offer is accepted by the seller, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Most deals don't close on the initial offer, and it's pretty common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and move on.

Market circumstances will play a part in how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And at the end of the day, we'll create a deal that's best for you.

Step 7 – Secure financing
Once we sign the final contract, you'll start working with your lender to close the loan. It won't take very long at all if you've been pre-qualified, but you'll want to keep in close contact with your lender. And I'll manage all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your loan application. This estimate is based on the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a close range of accuracy, and I'll examine the estimate and let you know if everything looks permissible.

Then we'll close on your home. This will likely occur at a title company or escrow office and will most often be a smooth and stress-free occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply contact me at (352) 383-7104 or e-mail me at .