Buying or selling a home? Dave Lowe Realty Inc can help.

Purchasing a home is intimidating for most people, but with a little up-front planning, it isn't very difficult. I like to give buyers an overview of the whole deal so they know exactly what they can expect. Below are my nine steps to buying a home. Should you have any questions about any of this information or if you're prepared to get started, simply contact me here or e-mail me at .

Step 1 – Prepare to purchase a home
There are a lot of things you should contemplate before beginning your home search. When you begin your search, you'll probably want to make an outline of items you need to have, plan for what school districts and neighborhoods you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is no more than a third of your net monthly income is a good principle to adhere to.

Step 2 – Get in touch with a real estate agent
This is where Dave Lowe Realty Inc comes in. We can arrange a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll discuss neighborhoods, schools in the Mt Dora area, the mortgage and housing industries, and any other economic factors that might affect your purchase today or in the future.

In addition, I'll assist you in getting started on your loan. There are some excellent mortgage professionals in Mt Dora, and I partner with a lot of them, so you're in great hands. They will help you figure out which kind of loan is best for you, as well as help you get approved.

Step 3 – Start your search
Following our first meeting, I'll begin finding available houses on the market that are a great fit for you. I'll research many of the houses and remove the duds, and then we'll book appointments to tour the houses when it's most convenient for you.

As we tour homes, I'll show you the good features, as well as bad ones. I'll also ask you what things you like and don't like. Generally, buyers update their list of must-haves as we tour houses and some features become more substantial than others. If that's the case, I'll go back through the listings another time and narrow it down to the home of your dreams.

Step 4 – Understand the market
My understanding of the Mt Dora housing market is an imperative element in your home search. I am informed of all the school districts and neighborhoods, and I will let you know which areas are "hot" and warrant immediate action and the ones that are "cool" and allow for thoughtful analysis.

As we tour homes, I'll make sure to communicate when the asking price has room for bargaining and also when I know the house is "priced to sell." When working with an agent, trust your instincts and make sure you ask lots of questions, as every real estate agent in Mt Dora will convince you they comprehend the home market. If things don't add up, call me at (352) 383-7104 or e-mail me at , and I'll be happy to answer your questions. My understanding of the market will keep you a step above the rest throughout the entire process.

Step 5 – Find the home of your dreams
I know we'll find the house of your dreams in the Mt Dora area. When that happens, I'll thoroughly create your purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as obtaining financing, finishing the inspection, and a clean title.

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

Step 6 – Negotiate the deal
A lot of deals aren't closed on the first offer. It's really common to receive a counter offer. Don't let this intimidate you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.

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

Step 7 – Secure a loan
After the contract is finalized, you'll start working with your mortgage lender to close the loan. If you're already pre-approved, this shouldn't take much time at all. But you need to stay in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) outlining closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your loan application. This estimate is formed from the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll review the estimate and let you know if everything looks adequate.

Then it's time to close on your house. This will likely happen at a title company or escrow office and should be a smooth and relaxed occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just call me at (352) 383-7104 or e-mail me at .