The Best way to Buy a Home in Bonita Springs - Estero Florida
Buying a home is a big step and while it can be exciting it can also be a little apprehensive as well. First-time homebuyers may be confused and overwhelmed with the amount of documents and requirements needed to purchase a house. We want to make sure that your entire transaction is conducted as smoothly as possible by informing you every step of the way and getting you prepared before you even look at homes.
How do we get started?
Before you look at any homes it's best to be preapproved for a home loan if you plan on financing the property. Unless you have the cash to buy the home out right, most buyers will apply for a home loan. This is more than just determining how much your mortgage will be with a simple mortgage calculator; it's an in-depth look at your finances by determining your assets, liabilities and income to determine the best price range that comfortably fits your budget. Why is this important to do before you look at homes? There's nothing more disheartening than finding a home you love only to discover later, during the financing process, that you can't afford it. By knowing exactly how much home you can afford it can save heart ache and stress in the future.
Now that you know how much home you can afford you can start looking at properties. There are several ways to do this; either start your broad search online here first, contact a buyers agent to specifically help you purchase the home, or get email notifications when a home that fits your search criteria hits the market.
Offer and Inspection:
When you find a home you love make sure you take a buyers agent along with you. Buyers agents are specifically dedicated to helping you, the buyer, find exactly what you want in your price range. Not enlisting the help of a buyers agent means that you have to go through the listing agent of the specific property you're interested in. This can create a conflict of interest and since the listing agent is first working for the seller and then the buyer, your priorities may not be perfectly met. It costs nothing for buyers to use a buyers agent and we can negotiate on your behalf for your terms and your price.
Once you find a home that you love we will help you present an offer with the preapproval letter stating you are financially responsible to purchase the home. After mutual acceptance, your earnest money deposit, which is typically 1 to 3% of the purchase price of the home, is deposited and the listing moves on to inspection. Remember, this is one of the biggest investments you'll ever make so make sure you have a professional inspector thoroughly review the home and property. As your buyers agent, we can help you write up the inspection report and either ask for repairs, money off of the purchase price, or money at closing. The sellers can then accept, reject, or counter offer this contingency.
Once all the contingencies and addendum's have been satisfied the listing moves on to pending. From here, title, escrow, agents and sellers all prepare the home for the final signing. Escrow agents will call you when and as your buyers agent we would be happy to attend this meeting with you to answer any final questions you may have. Once all the deeds have been recorded and funds have been dispersed, we would be happy to hand over the keys to your new Bonita Springs, Estero, Gateway or Fort Myers real estate.
The Domain Realty Group is dedicated to finding you the home of your dreams in the right price range. Contact us today for information on buying, getting pre-approved for a home loan and to start browsing any listings in the area.
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