Investment Property AdviceOLD

Home Buying Process


Step 1:  Loan Pre-Approval

A loan approval is the first and most important step in the home buying process. You cannot move forward in the process till you know how much house you an afford. With a loan approval you will have the knowledge that a lender is willing to work with you on the steps to acquire a mortgage. 

There are many factors to decide and we have the availability to help you understand your options and determine the best finance situation for your needs.  Adjustable-rate (ARM) or fixed-rate? Government-backed or conventional? Before you decide which type of mortgage to pursue, it’s important to learn the advantages and drawbacks of each one.

Choosing the right type of mortgage can boost your chances of approval or save you thousands in the long run. Next, we can make sure you can get a clearer picture of your financial commitment by estimating your monthly mortgage payment, including interest and additional costs.

We have the resoures to help you  to choose the best mortgage.
Determine if a conventional or a government-backed loan — like FHA, VA or USDA — is right for you.
Decide whether an ARM or fixed-rate loan better fits your needs.
Choose whether you want a 10-, 15-, 20- or 30-year loan.
And from there, we can calculate your monthly mortgage payment.

In Florida’s competitive estate market, having a pre-approval informs seller and their real estate agent you have the financial backing and  sure you are ready to make a deal! 



Step 2:   Hiring an Agent

There’s a lot you can do to prepare when looking for a home to buy. In fact, the task could be overwhelming.  Our agents at Birch Real Estate, love what we do and the area we do it in.  Many prospective home buyers have a long list of wants and needs in a property. We work with every buyer personally to determine what is important to you.  Many prospective home buyers have a long list of wants and needs in a property. It's challenging to know where to start looking. Here, we will work with you on developing a plan on how to best move forward when searching for a home to buy.  Having been in business locally for over 25 years, we know market and can assist you to achieve the accomplishment of owning the perfect home for you.  Contact us for more information!



Step 3:   Making an Offer 

Once we have found the home you wish to purchase, the next step is to present an offer to the seller.  Our job is to assist you in writing and presenting your offer to the seller’s agent and negotiating the terms of the contract with your best interests in mind.   


Step 4:   Home Inspection

Once your offer has been accepted, it's important to conduct a thorough home inspection of your prospective home. This will allow you to evaluate its present condition, and decide what repairs will be needed.By waiving the opportunity to have a home inspection, you may actually be creating additional and unnecessary anxiety and stress. Performing a home inspection, you will have the added peace of mind that you’re purchasing a very solid and safe home.



Step 5:   Financing

You may already be pre-approved, but now that you have an accepted offer and know your purchase price, it's time to work more in-depth with your lender on your final loan approval and selecting the best loan for you. 

Step 6:

At closing, the purchase of your new home is finalized. Financing is submitted by the lender and the title company does their part to ensure the title to the property is legally transferred from the seller to you, the buyer. The documents are recorded and the home is officially yours!



BUYERS SERVICES ARE PAID FOR BY SELLERS CONTACT US FOR GUIDANCE! 
 YOU CAN’T AFFORD TO NOT BE REPRESENTED!
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