Are you buying a new home in Mt Dora?

Purchasing a home is a stressful event for most people, but it isn't all that difficult with a bit of up-front planning. So they understand exactly what to expect, I like to provide buyers with an outline of the whole deal. Here are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address any questions you have about this information.

Step 1 – Prepare to buy
Before you begin looking for a home, there are several things you should take into account. When you start your search, you'll want to create a checklist of features you need to have, get a feel for what school districts and neighborhoods you want to live in, and start planning around your budget. Keeping your mortgage payment around 30 percent of your net monthly income is a good guideline to follow.

Step 2 – Get in touch with a real estate agent
This is where I can help. We'll book a time to get together so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss everything from neighborhoods, schools in the Mt Dora area, the mortgage and housing industries, to any other economic factors that may potentially affect your purchase today or in the future.

In addition, I'll help you get started on your loan. There are some great mortgage professionals in Mt Dora, and I work with a lot of them, so you can rest assured that you're in great hands. They can help you determine which kind of loan is best for you, as well as help you get approved.

Step 3 – Start house-hunting
After our initial meeting, I'll start looking for available houses on the market that suit your needs. I'll get a sneak peek of most of the houses and throw out the duds, and then we'll set up appointments to tour the houses whenever it's most convenient for you.

As we view houses, I'll show you the good features, as well as negative ones. I'll even ask you to tell us about things you like and don't like. Frequently, buyers update their wish list as we tour homes and some features become far more important than others. If that's the case, I'll go back through all the listings once more and trim it down to the home you've been waiting for.

Step 4 – Comprehend the housing market
My awareness of the Mt Dora home market is a leading factor in your house search. I am mindful of all the neighborhoods and schools, and I can let you know what neighborhoods are "hot" and require immediate action and others that are "cool" and allow for thoughtful examination.

When we tour homes, I'll let you know when the asking price has room for negotiation and when I trust the home is "priced to sell." Be careful and be sure to ask your agent plenty of questions, as every REALTOR in Mt Dora will convince you they know the home market. If things don't add up, contact me at (352) 383-7104 or e-mail me at , and I'd be more than happy to answer any questions you may have. My market knowledge will keep you a step above the rest throughout the entire deal.

Step 5 – Find the home you've been looking for
We'll find your dream house in the Mt Dora area, and when we do, I'll carefully develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies. A few examples are obtaining financing, finishing the home inspection, and a clear title.

When submitting your purchase offer, you'll want to present "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 cost of closing. 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
Most deals don't close on the initial offer. It's extremely common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and go on.

How aggressively we negotiate the deal depends on market circumstances. We'll also work within your financing limits. And at the end of the day, we'll compose a deal that works well for you.

Step 7 – Obtain financing
After we sign the final contract, you'll start working with your mortgage lender to close the loan. If you're already pre-approved, it won't be a long process at all, but you need to stay in close contact with your mortgage lender. And I'll handle all the property information your mortgage lender needs to close the loan.

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

Then it's time to close on your house. This will likely occur at a title company or escrow office and will probably be a smooth and peaceful affair.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you call me at (352) 383-7104 or e-mail me at .