Steps to buying a home

“We will always remember how you treated us. No half million property but we felt valued.”

                                                                                                                      Charlie & Lorraine Barker

Get a Mortgage Pre-Approval

An important ingredient in a successful home search is knowing how much you can afford. You don’t want to fall in love with a property only to find out it’s outside your price range.

That’s why  I recommend getting a Mortgage Pre-Approval. This is a document from your bank or other lender stating how much of a mortgage they are willing to give you. There are two advantages to getting this pre-approval:

  • It gives you the peace-of-mind of knowing you can afford homes you view on the market, and won’t have problems arranging financing.
  • It’s a sign to sellers that you are a serious, prepared buyer – which gives you the edge when making an offer.

You can arrange for a Mortgage Pre-Approval with your bank or other lender, or by working with a good mortgage broker.  If you’d like me to recommend a reputable broker or lender, please contact me.

You found your house, now what?

The first step will be to make an offer – in writing – along with any associated addenda.  Don’t worry!  I’ve got this handled!  We may have to negotiate a little, but once the Seller accepts the terms of your offer – and all parties have signed the offer – we will have an allotted amount of time to:

  • Deposit your earnest money deposit (EMD) with the chosen escrow holder.
  • Make application for a mortgage with a lender of your choice – usually within five days of acceptance.
  • Conduct inspections – I always recommend having a home inspection done by licensed inspectors.  They supply you with a written report on the condition of many features of the house, including but not limited to – the roof, electrical, plumbing & HVAC systems, windows, appliances and an assortment of other items in the home.  The default time frame for inspections on Florida contracts is 15 days from acceptance – again, don’t worry.  I attend all inspections (and your appraisal) and I have a list of inspectors that you may call and interview for the job!

Once the inspection period is completed, it’s a matter of your lender guiding you through the process of obtaining your loan, having the home appraised and lot survey done.  Your lender will coordinate with the title company to facilitate closing and that’s it!  You have a new home!

Have questions about arranging financing? Please submit the form below or call or email me.

Click this line to search the Central Florida MLS – serving Charlotte, Hillsborough, Lake, Manatee, Okeechobee, Orange, Osceola, Polk, Pinellas, Sarasota, Seminole, Volusia counties.


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