Buying A Home
Ready to purchase a home? Below is a detailed breakdown of our 12 steps for purchasing a new home in beautiful, Southwest Florida!
Determine Financial Readiness – Review your finances, including savings, income, and credit, to estimate how much you can afford. This step sets realistic expectations for your home search.
Get Pre-Qualified – Meet with a lender to get pre-qualified for a mortgage. This preliminary step shows how much financing you may receive and makes you more attractive to sellers.
Find the Right Home – Collaborate with a real estate agent to explore homes that match your criteria for location, size, style, and budget. This stage involves visiting properties and narrowing down your options.
Make an Offer – Once you find a suitable home, submit an offer based on comparable sales in the area. Your agent will guide you on crafting a competitive offer that includes contingencies to protect your interests.
Secure Financing – After your offer is accepted, finalize your loan application. The lender will verify your finances, and you may lock in an interest rate.
Home Inspection – Arrange a professional home inspection to uncover potential issues. If major repairs are needed, you may negotiate with the seller for adjustments or repairs.
Appraisal – The lender orders an appraisal to confirm the home's value aligns with the purchase price, ensuring the loan is appropriate.
Title Insurance – Purchase title insurance to protect against any claims on the property’s title, ensuring that ownership will transfer to you without legal issues.
Homeowners Insurance – Secure insurance for your new home to cover potential damage or loss, often a lender requirement before closing.
Final Walkthrough – Conduct a final walkthrough to check that the property is in the agreed-upon condition, including any repairs that were part of the contract.
Closing – At the closing meeting, you’ll sign the final documents, pay closing costs, and complete the legal transfer of the property.
Receive the Keys – Once the transaction is recorded, you’ll receive the keys and officially become the new homeowner!
