Contemplating buying a home in Lake Wales?

Buying a home is stressful for a lot of people. However, with some up-front planning, it isn't that complex. We like to provide buyers with an outline of the entire deal so they understand exactly what to expect. Below are our nine steps to purchasing a home.

If you have questions regarding any of this information or if you're prepared to get started, just contact us here or send e-mail to Dolores@legacyrealestatecenter.com.

Step 1 – Get ready to buy
There are plenty of things you should take into account before beginning your home search. When you begin your search, you'll probably want to make a list of items you need, get a feeling for what school districts and neighborhoods you'd like to live in, and start planning around your budget. Keeping your mortgage payment less than or close to 30 percent of your monthly income is a good guideline to go by.

Step 2 – Communicate with a real estate agent in Lake Wales
This is where we can help. We can schedule a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, schools in the Lake Wales area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.

We'll also help you begin the loan process. We partner with some of the best mortgage professionals in Lake Wales, so you'll be in great hands. They will help you figure out which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin your home search
After our first meeting, we'll begin searching for homes on the market that best suit you. We'll preview most of the homes and exclude the bad ones, and then we'll schedule appointments to view the houses whenever it's most convenient for you.

When we tour houses, we'll point out good features, as well as bad ones. we'll also ask you what things you like and dislike. Oftentimes, buyers revise their list of must-haves as we tour homes and some items become far more essential than others. If that happens, we'll search all the listings again and trim it down to the home you've been wishing for.

Step 4 – Get a grasp of the market
An agent's awareness of the Lake Wales market is an essential aspect in your house search. And we assure you we're well-versed in all the school districts and neighborhoods, and we will let you know some areas are "hot" and demand prompt action and the rest that are "cool" and allow for more consideration.

As we view houses, we'll make sure to communicate if the seller's list price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be on guard and make sure you ask a lot of questions, as any real estate agent in Lake Wales will claim to comprehend the housing market. If things don't add up, call us at (863) 676-0200 or e-mail us at Dolores@legacyrealestatecenter.com and we'll be more than happy to answer your questions. Our understanding of the market will keep you a step above the rest throughout the entire process.

Step 5 – Find the house you've been looking for
We're positive we'll find the home of your dreams in the Lake Wales area, and when we do, we'll thoroughly develop your home purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.

Let Legacy Real Estate Center, Inc. guide you through finding your dream home in Lake Wales When sending in your offer, you'll probably need to present "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property. The amount is most often applied to the closing costs. If your offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the initial offer, and it's pretty common to receive a counter offer. Don't let this intimidate you. We'll talk over whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and move on.

Market circumstances determine how aggressively we negotiate the deal. In addition, we'll work within your financing limits. And when it's all said and done, we'll create a contract that is best for you.

Step 7 – Get your loan
After we sign the final deal, you'll begin working with your mortgage lender to close the loan. If you're already pre-approved, it shouldn't take very long at all. However, you should to stay in close contact with your lender. And we'll take care of all the property information your mortgage lender needs to close the loan.>

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining closing costs from your lender within three days of receiving your application. This estimate is formed from the loan amount, and RESPA requirements require that it has to include all closing costs and be within a precise range of accuracy. we'll review the estimate and let you know if it all looks permissible.

Then it's time to close on your house. This will most often happen at a title company or escrow office and will likely be a smooth and relaxing event.

Step 9 – Move in
Success! It's time to move into your new house. Enjoy it. And if you need anything, be sure to call us at (863) 676-0200 or send us an e-mail.

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