Purchasing a home in Jacksonville?
For many people, buying a home is a stressful event. But with a bit of up-front planning, it isn't all that hard.
So you'll understand exactly what to expect, we like to provide our buyers with an outline of the entire deal.
Below are our nine steps to purchasing a home.
Should you have any questions regarding any of this information or if you're prepared to get started, simply contact us here or send e-mail to firstname.lastname@example.org
Step 1 – Prepare to buy
There are many things you'll want to do prior to starting your home search.
When you begin your search, you'll want to form a list of items you want, get a plan of what neighborhoods you want to live in, and begin planning your budget.
A good guideline to follow is that your mortgage payment should be close to a third of your monthly income.
Step 2 – Speak with a real estate agent in Jacksonville
This is where we can help. We'd like to plan a time to meet with you and communicate with you about your real estate needs and get an idea of your future plans.
We'll discuss the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Jacksonville area.
In addition, We'll assist you with getting started on your loan.
There are some great mortgage professionals in Jacksonville, and we partner with a lot of them, so you're in great hands.
They will help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a house
After our first meeting, We'll start looking for available homes on the market that are a good fit for you. We'll preview most of the houses and reject the duds, and then we'll set up appointments to view the houses when it's most convenient for you.
As we view homes, We'll point out good features and bad ones. And we'll ask you about things you like and don't like.
Generally, buyers revise their wish list as we view homes and some things become more substantial than others.
If such is the case, we'll search all the listings another time and narrow it down to the home of your dreams.
Step 4 – Get a feel for the market
An agent's understanding of the Jacksonville home market is a necessary component in your home search. And we assure you that we are acquainted with all the neighborhoods and school districts, and we'll communicate certain districts are "hot" and demand immediate action and the ones that are "cold" and allow for more consideration.
As we view houses, we'll make sure to communicate when the asking price has room for bargaining and also when we know the house is "priced to sell."
Be mindful and make sure you ask lots of questions, as every REALTOR® will convince you they truly know the housing market.
If things don't add up, contact us at (904) 343-1818 or e-mail at info@JaxBuyer.com, and we'll be glad to answer any questions you might have. Our knowledge of the market will keep you a step ahead through the entire deal.
Step 5 – Find the home you've been waiting for
We're confident we'll find your dream home in the Jacksonville area. When we do, We'll precisely create your home purchase offer. The offer will be tailored exactly to your needs, including several contingencies. A few examples are acquiring financing, finishing the inspection, and a clean title.
When presenting your purchase offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property. The amount is usually applied to the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the beginning offer – it's extremely common to receive a counter offer. But don't let it discourage you. We'll talk over whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your budget. And at the end of the day, we'll formulate a contract that is best for you.
Step 7 – Get a loan
Upon finalizing the contract, you'll start working with your lender to close the loan.
If you're pre-approved, this shouldn't take very long at all. But you need to stay in close contact with your mortgage lender.
And we'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of closing costs from your lender within three days of taking your application.
This estimate rests on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a narrow range of accuracy. We'll go over the estimate and let you know if it all looks all right.
Then it's time to close on your home. This will most likely happen at a title company or escrow office and should be a smooth and calm affair.
Step 9 – Move in
You made it! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, just give us a call at (904) 343-1818 or send us an e-mail.