Let Charles Rutenberg Realty LLC assist you with buying your home in Fort Lauderdale
Buying a home is intimidating for a lot of people, but it isn't that complicated with a little up-front planning. We like to provide buyers with a road map of the whole deal so they understand exactly what to expect. Here are our nine steps to buying a home.
Should you have any questions about this information or if you're prepared to get started, simply contact us here or send e-mail to email@example.com
Step 1 – Prepare to buy a home
There are many things you need to contemplate prior to starting your home search. You'll want to form a check list of must-haves, plan for what school districts and neighborhoods you'd like to live in, and start planning around your budget. A good rule to adhere to is that your mortgage payment should be no more than 30 percent of your monthly income.
Step 2 – Talk to a real estate agent in Fort Lauderdale
That's where we come in. We can book a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll talk about everything from neighborhoods, schools in the Fort Lauderdale area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.
In addition, we'll assist you with getting started on your loan. Charles Rutenberg Realty LLC partners with some of the best mortgage professionals in Fort Lauderdale, so you're in great hands. They'll assist you in deciding which type of loan is best for you and help you get qualified.
Step 3 – Start your home search
After we meet, we'll begin finding homes on the market that suit your needs. We'll get a sneak peek of most of the homes and throw out the bad ones, and then we'll schedule appointments to view the houses at a time that's convenient for you.
When we tour homes, we'll identify positive features, as well as bad ones. we'll even ask you what things you like and don't like. It's pretty common for buyers to update their must-have list as we tour homes and some things become more essential than others. If that's the case, we'll look through all the listings once more and narrow it down to the home you've been wishing for.
Step 4 – Get a grasp of the market
Our understanding of the Fort Lauderdale housing market is an indispensable benefit in your house search. We are mindful of all the neighborhoods and schools, and we'll will let you know some areas are "hot" and warrant immediate action and the rest that are "cool" and allow for more consideration.
As we view houses, we'll be sure to tell you when the list price has room for bargaining and also when we think the house is "priced to sell." When working with an agent, be careful and make sure you ask a lot of questions, as every real estate agent in Fort Lauderdale will claim to know the housing market. If it seems like they don't know everything, just call us at (954) 298-1650 or e-mail us at firstname.lastname@example.org, and we'll be glad to answer any questions you have. Our market knowledge will keep you a step above the rest through the entire deal.
Step 5 – Find the home you've been looking for
We know we'll find your dream house in the Fort Lauderdale area, and when that happens, we'll precisely create your home purchase offer. The offer will be made to suit your needs. Whenever necessary, We never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
When submitting your offer, most likely you'll need to present "earnest money." This is a cash deposit given to a home seller to secure the 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 on the property about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the first offer – it's extremely common to receive a counter offer. Don't let this intimidate you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the contract 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 compose a contract that works well for you.
Step 7 – Obtain a loan
Once we sign the final contract, you'll begin working with your mortgage lender to close the loan. It shouldn't be a long process at all if you've been pre-approved, but you need to keep in close contact with your lender. And we'll care for all the property information your mortgage lender needs to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining your closing costs from your lender within three days of taking your application. This estimate is formed from the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a strict range of accuracy, and we'll go over the estimate and let you know if it all looks okay.
Then we'll close on your house. This should happen at a title company or escrow office and will probably be a smooth and easygoing event.
Step 9 – Move in
You made it! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, make sure you call us at (954) 298-1650 or send us an e-mail.