Let Seiss Real Estate assist you with buying your new home in Jupiter
Buying a home is intimidating for most people, but it's not all that complex with a bit of up-front planning. So you'll understand exactly what to expect, we like to supply our buyers with a road map of the entire deal. Below are our nine steps to buying a home.
When you're ready to get started, simply contact us here or send us e-mail
. We're happy to address any questions you have regarding this information.
Step 1 – Prepare to buy a home
There are many things you'll want to take into account before commencing your home search. When you start your search, you'll want to make a list of features you want to have, get a feeling for what school districts and neighborhoods you want to live in, and begin planning around your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good guideline to follow.
Step 2 – Get in touch with a real estate agent
That's where we come in. We can 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 Jupiter area, the mortgage industry, to any other economic factors that could potentially affect your purchase today or in the future.
In addition, we'll assist you with getting started on your loan. There are some excellent mortgage professionals in Jupiter, and we partner with a lot of them, so you can rest assured that you're in great hands. They will help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Start your search
After we meet for the first time, we'll start finding houses on the market that are a good fit for you. We'll get a sneak peek of most of the houses and ignore the duds, and then we'll schedule appointments to tour the homes whenever it's convenient for you.
As we view homes, we'll identify good features, as well as bad ones. we'll also ask you to tell us about things you like and don't like. Oftentimes, buyers update their list of must-haves as we view houses and some things become more important than others. If such is the case, we'll look through all the listings again and trim it down to the home you've been waiting for.
Step 4 – Get a grasp of the housing market
Our understanding of the Jupiter home market is a necessary resource in your search. We're mindful of all the neighborhoods and schools, and we'll will let you know which districts are "hot" and warrant immediate action and the rest that are "cool" and allow for careful consideration.
As we view homes, we'll make sure to communicate when the seller's asking price has room for negotiation and also when I trust the house is "priced to sell." Be careful and make sure you ask your agent lots of questions, as any real estate agent will claim to understand the home market. If it doesn't seem like they know everything, just call us at 561.839.8919 or e-mail us at firstname.lastname@example.org, and we'd be glad to answer any questions you might have. Our understanding of the market will keep you a step ahead throughout the entire process.
Step 5 – Find your dream house
We're sure we'll find your dream house in the Jupiter area. When that happens, we'll thoroughly develop your real estate purchase offer. The offer will be tailored to suit your needs, including some contingencies, such as acquiring financing, completing the inspection, and a clean title.
When we send in your offer, you'll want to present "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property and is most 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 after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the first offer. It's really common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the contract depends on the state of the market. In addition, we'll work within your financing limits. And when it's all said and done, we'll compose a contract that works well for you.
Step 7 – Obtain a loan
After we sign the final sales contract, you'll start working with your lender to close the loan. If you're already pre-qualified, this shouldn't be a long process at all, but you'll need to keep in close contact with your mortgage lender. And we'll look after all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of your closing costs from your mortgage lender within three days of getting your loan application. This estimate rests on the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a strict range of accuracy, and we'll analyze the estimate and let you know if it all looks adequate.
Then we'll close on your house. This will most often take place at a title company or escrow office and will likely be a smooth and comfortable affair.
Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you have any questions, be sure to call us at 561.839.8919 or send us an e-mail.