Buying a New Home

South East Florida | Delray Beach

Buying a new home is a stressful event for many people, but with some up-front planning, it’s not too complex. I like to give buyers an outline of the entire deal so they’ll know exactly what they can expect. These 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 get in touch

Step 1 – Get ready to buy
Before you start your home search, there are a lot of things you need to consider. You’ll probably want to assemble an outline of features you want, get a feel for what neighborhoods and school districts you want to live in, and begin planning your budget. Keeping your mortgage payment less than or around 30 percent of your net monthly income is a good rule of thumb to adhere to. 

Step 2 – Get in touch with a real estate agent 
This is where Atlantic Grove Realty comes in. I’d be more than happy to arrange a time to get together with you and communicate with you about your real estate needs and get an idea of your future plans. We’ll talk about everything from neighborhoods, schools in the Palm Beach and Broward County area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
In addition, I’ll help you get started on your loan. There are some excellent mortgage professionals in Delray Beach, and I work with a lot of them, so you’re in great hands. They’ll assist you with choosing which kind of loan is best for you and help you get qualified. 

Step 3 – Start looking
After we meet, I’ll begin looking for homes on the market that are good for you. I’ll preview many of the houses and ignore the bad ones, and then we’ll set up appointments to tour the homes when it’s convenient for you.

As we view the homes, I’ll identify good features, as well as bad ones. I’ll also ask you to talk about things you like and don’t like. It’s common for buyers to update their list of must-haves as we view homes and some items become far more important than others. If such is the case, I’ll search all the listings once more and narrow it down to the house of your dreams.

Step 4 – Comprehend the housing market
An agent’s awareness of the Palm Beach and Broward County market is a necessary aspect in your house search. And I assure you I’m conscious of all the neighborhoods and school districts, and I will let you know which neighborhoods are “hot” and warrant immediate action and some that are “cold” and allow for thoughtful examination.

As we tour homes, I’ll let you know if the seller’s list price has room for bargaining or if I believe the house is “priced to sell.” Any REALTOR in Delray Beach will convince you they understand the home market, but beware, and be sure to ask plenty of questions. If it seems like they don’t know everything, contact me at 5616337626 or e-mail me at , and I’d be glad to answer any questions you might have. My knowledge of the market will help you stay a step ahead through the entire process.

Step 5 – Find your dream house
We’ll find your dream house in the Palm Beach and Broward County area, and when that happens, I’ll precisely create your home purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as acquiring financing, carrying out the home inspection, and a clean title.When submitting your purchase offer, you’ll probably need to present “earnest money.” This is a cash deposit made to the home seller to secure an offer to purchase the property. The amount is typically applied to the closing costs. If the seller accepts the offer, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don’t close on the first offer – it’s very common to receive a counter offer. Don’t let it discourage you. We’ll discuss whether or not to accept the counter offer, propose our own counter offer, or refuse the seller’s offer and go on.Market conditions will play a vital role in how aggressively we negotiate the deal. We’ll also work within your financing limits. And when it’s all said and done, we’ll create a deal that’s best for you. 

Step 7 – Secure a loan
After the contract is finished, you’ll start working with your lender to close the loan. This shouldn’t take very long at all if you’re already pre-approved, but you need to stay in close contact with your lender. And I’ll take care of all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) outlining your closing costs within three days of receiving your application. You’ll get a Loan Estimate (LE) detailing closing costs from your lender within three days of getting your application. This estimate is based on the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a tight range of accuracy, and I’ll review the estimate and let you know if it all looks okay.Then it’s time to close on your house. This will most often occur at a title company or escrow office and will most often be a smooth and stress-free occasion.

Step 9 – Move in
Congratulations! It’s time to move into your new home. Enjoy it. And if you need anything or have any questions, make sure you contact me Rowan at 561-633-7626 or  Mary at 561-860-1084 or e-mail us at


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