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Are you buying a home in Mt Dora?

With some planning ahead of time, buying a home isn't that complicated, but the event is stressful for a lot of people. So they'll know exactly what to expect, I'll give buyers an outline of the whole deal. These are my nine steps to buying a home. Should you have questions regarding any of this information or if you're ready to get started, simply contact me here or e-mail me at .

Step 1 – Prepare to buy a home
There are several things you need to consider prior to commencing your home search. When you start your search, you'll probably want to make a check list of features you want to have, get a feeling for what neighborhoods you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is less than or around a third of your monthly income is a good rule of thumb to adhere to.

Step 2 – Contact a real estate agent
This is where Dave Lowe Realty Inc comes in. We'll set up a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, schools in the Mt Dora area, the mortgage and housing industries, and any additional economic factors that might affect your buying decision today or in the future.

In addition, I'll help you start the loan process. I work with some of the best mortgage professionals in Mt Dora, so you're in great hands. They can assist you in determining which type of loan is best for you and help you get approved.

Step 3 – Start house-hunting
Following our initial meeting, I'll begin finding houses on the market that are good for you. I'll get a sneak peek of many of the houses and reject the bad ones, and then we'll set up appointments to view the homes when it's most convenient for you.

As we view houses, I'll point out good features and bad ones. I'll also ask you to tell us about things you like and don't like. It's widely common for buyers to revise their wish list as we view homes and some things become far more crucial than others. If such is the case, I'll look through all the listings again and narrow it down to the house of your dreams.

Step 4 – Comprehend the market
Your agent's awareness of the Mt Dora market is a crucial factor in your home search. And I assure you I'm mindful of all the school districts and neighborhoods, and I can let you know which areas are "hot" and call for immediate action and the ones that are "cool" and allow for thoughtful examination.

When we view homes, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell." Every REALTOR in Mt Dora will convince you they truly know the housing market, but be on guard, and make sure you ask a lot of questions. If it seems like they don't know everything, call me at (352) 383-7104 or e-mail me at , and I'd be glad to answer any questions you may have. My market expertise will keep you a step ahead through the entire process.

Step 5 – Find the home of your dreams
I'm certain we'll find the home of your dreams in Mt Dora. When we do, I'll precisely develop your purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are acquiring financing, carrying out the home inspection, and a clean title.

When we submit your offer, you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property. The amount is most often put towards the cost of closing. If the offer is accepted, we should close on the home about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
Most contracts aren't closed on the first offer, and it's really common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

How aggressively we negotiate the deal depends on the state of the market. We'll also work within your financing constraints. And when it's all said and done, we'll put together a deal that works well for you.

Step 7 – Secure a loan
Upon finishing the deal, you'll begin working with your mortgage lender to close the loan. If you're pre-approved, this won't take very long at all. However, you should to keep in close contact with your mortgage lender. And I'll look after all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your loan application. This estimate is formed from the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a precise range of accuracy. I'll examine the estimate and let you know if it all looks good.

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 pleasant occasion.

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