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Looking to buy your home in Mt Dora? Dave Lowe Realty Inc can help.

Buying a home is stressful for a lot of people. However, with a bit of up-front planning, it's not very hard. I like to supply buyers with an overview of the whole deal so they understand exactly what they can expect. Below are my nine steps to purchasing a home. If you have questions about this information or if you're prepared to get started, simply contact me here or e-mail me at .

Step 1 – Prepare to purchase
Before you start looking for a home, there are many things you should contemplate. When you start your search, you'll probably want to create an index of items you need, get a plan of what school districts and neighborhoods you'd like to live in, and start planning your budget. A good guideline to go by is that your mortgage payment should be around 1/3 of your net monthly income.

Step 2 – Talk to a real estate agent
This is where Dave Lowe Realty Inc can help. We can plan a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. We'll talk about neighborhoods, schools in the Mt Dora area, the mortgage industry, and any additional economic factors that may potentially affect your purchase today or in the future.

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

Step 3 – Start looking
Following our first meeting, I'll begin searching for available houses on the market that are a great fit for you. I'll research many of the houses and eliminate the bad ones, and then we'll schedule appointments to view the homes when it's most convenient for you.

When we tour the houses, I'll identify good features and bad ones. I'll even ask you to tell us about things you like and dislike. It's pretty common for buyers to amend their must-have list as we view houses and some items become more important than others. If that's the situation, I'll search all the listings another time and trim it down to the house you've been waiting for.

Step 4 – Comprehend the housing market
Your agent's understanding of the Mt Dora housing market is a necessary component in your house search. And I assure you I'm mindful of all the neighborhoods and schools, and I'll let you know what districts are "hot" and call for immediate action and others that are "cold" and allow for careful consideration.

As we tour homes, I'll be sure to tell you when the list price has room for negotiation and also when I believe the home is "priced to sell." When working with an agent, be on guard and be sure to ask a lot of questions. Any REALTOR in Mt Dora will tell you they truly know the 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 have. My knowledge of the market will help you stay a step above the rest throughout the entire process.

Step 5 – Find the home you've been looking for
I'm positive we'll find your dream house in Mt Dora. When that happens, I'll precisely create your purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as acquiring financing, carrying out the inspection, and a clear title.

When sending in your offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to a seller to secure the offer to buy the property and is most often put towards the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the first offer – it's widely common to receive a counter offer. But don't let it intimidate you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and move on.

Market circumstances determine how aggressively we negotiate the contract. We'll also work within your financing limits. And at the end of the day, we'll compose a deal that is best for you.

Step 7 – Get your loan
Once the deal is signed, you'll start working with your lender to close the loan. If you've been pre-qualified, this shouldn't take very long at all, but you'll want to keep in close contact with your mortgage lender. And I'll deal with all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of accepting your application. This estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a close range of accuracy, and I'll study the estimate and let you know if it all looks okay.

Then we'll close on your home. This will probably occur at a title company or escrow office and will most likely be a smooth and peaceful affair.

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