Purchasing a new home in Havana
Purchasing a home is stressful for a lot of people, but it isn't that hard with a bit of planning ahead of time.
I like to supply buyers with an outline of the whole deal so they'll know exactly what they can expect.
Below are my nine steps to purchasing a home.
Should you have any questions about this information or if you're prepared to get started, just contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Get ready to purchase
Before you begin searching for a home, there are a lot of things you'll want to consider.
It's likely that you'll want to make a checklist of items you want to have, get a feeling for what neighborhoods you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule to adhere to.
Step 2 – Communicate with a real estate agent in Havana
This is where I can help.
I'll plan 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 the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Havana area.
I can also help you start the loan process.
Harrell Realty, Inc works with some of Havana's finest mortgage professionals, so you'll be in great hands.
They can assist you in determining which kind of loan is best for you and help you get qualified.
Step 3 – Start your search
After our first meeting, I'll begin looking for available homes on the market that suit your needs.
I'll research most of the houses and exclude the bad ones, and then we'll schedule appointments to view the homes at a time that's convenient for you.
As we tour homes, I'll identify positive features, as well as bad ones. I'll also ask you to tell me about things you like and don't like.
It's common for buyers to revise their must-have list as we tour houses and some features become far more necessary than others.
If such is the case, I'll look through the listings another time and narrow it down to the home you've been dreaming about.
Step 4 – Get a grasp of the housing market
An agent's understanding of the Havana market is a crucial component in your house search. And I assure you I'm acquainted with all the neighborhoods and school districts, and I'll communicate certain districts are "hot" and require prompt action and the ones that are "cold" and allow for thoughtful examination.
As we view houses, I'll be sure to tell you if the list price has room for negotiation or if I believe the home is "priced to sell."
Every real estate agent in Havana will claim to know the home market, but be mindful, and make sure you ask your agent a lot of questions.
If things don't add up, just call me at (850) 539-1000 or e-mail me at email@example.com, and I'll be happy to answer any questions you have. My market knowledge will help you stay a step ahead through the entire deal.
Step 5 – Find the home you've been waiting for
I'm positive we'll find your dream house in the Havana area, and when that happens, I'll precisely create your purchase offer. The offer will be tailored exactly to your needs. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
When submitting your offer, you'll likely need to present "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property. The amount is most often put towards the cost of closing. If the seller accepts your offer, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the initial offer – it's widely common to receive a counter offer. Don't let it alarm you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a deal that is best for you.
Step 7 – Obtain your loan
Once the deal is finished, you'll begin working with your lender to close the loan.
If you're already pre-qualified, it won't be a long process at all, but you need to stay in close contact with your mortgage lender.
And I'll handle all the property information your lender needs to close the loan.>
Step 8 – Close the deal
Your mortgage lender will supply you with a Good Faith Estimate (GFE) of your closing costs within three days of taking your application.
The estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a tight range of accuracy, and I'll go over the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will most often happen at a title company or escrow office and will probably be a smooth and relaxing affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just call me at (850) 539-1000 or send me an e-mail.