THE REAL ESTATE BUYING PROCESS
STEPS FOR BUYING A HOME IN FLORIDA WITH Aqualand Realty
Buying a home can be overwhelming, especially without guidance from
a professional Aqualand Realty sales associate. Below is our proven
system of steps to make purchasing a home in Florida an easy,
convenient and enjoyable experience.
1. THE DECISION TO BUY
Whether you are a first-time home buyer or entering the marketplace
as a repeat buyer, you should define your reasons for purchasing a home
Are you planning to move to a new community due to a lifestyle change
is buying an option and not a requirement? What would you like in your
new home that you do not now have? Do you have a purchasing timeframe?
Whatever your answers, the more you know about the real estate
marketplace, the greater the likelihood you can effectively reach your
goals. It will be helpful to discuss your questions and concerns when
you meet with your Aqualand Realty sales associate. The best place to
find a local, professional Aqualand Realty sales associate is through
this web site...review the sections on Finding an Office and Sales
Associate to quickly find the office and associate best for your needs.
By choosing a Aqualand Realty sales associate, you
will be assured of a professionally trained, experienced individual who
will give you outstanding representation and provide the one-stop,
full-service array of programs for which we're known. . The Aqualand Realty sales associate you select will thoroughly explain your buyer
agency, seller agency and disclosed dual agency options.
2. THE MORTGAGE PRE-APPROVAL
Florida has a vibrant real estate market. The demand for homes and for
home financing is very high. It is strongly recommended that buyers be
"Pre-Approved" by the Mainland Mortgage team prior to starting
the home search
process. Although the pre-approval is not a final loan commitment, your
pre-approval letter is an asset when bidding on a home. It demonstrates
your financial strength and shows that you have the ability to proceed
a purchase. This information is important to owners; it gives them
in your offer and your intentions. We have found that owners are more
to respond positively to a pre-approved buyer since they save time and
and eliminate the risk of accepting an offer the might fall
financing could not be obtained.
3. PREVIEW HOMES FOR SALE
|Have Your Pre-Approval Letter
Call Mainland Mortgage at
You will receive your
pre-approval within about
15 minutes over the phone. Better yet, they guarantee to BEAT any
other lender's price, or
they will pay you $500.
By the way, we don't make any money if you use
Mainland Mortgage, but we know they are fast
and great at what they do.
Ask your Aqualand Realty sales associate about our many home finding
tools, including the Aqualand Realty Florida Buyers' Guide, to assist
with the process of finding the home that matches your criteria. Your
Aqualand Realty sales associate can provide detailed information on any
listed for sale by Aqualand Realty or by another real estate company.
you see a "For Sale" sign on a property or an ad in a newspaper about a
home that interests you, your Aqualand Realty sales associate can
provide you with all the details - including price, description,
special features and financing terms. We have immediate access to data
about properties that are on the market.
During your meeting, your Aqualand Realty sales professional becomes
familiar with every aspect of your real estate wishes and financial
needs. You can rely on your associate for information on any property -
whether it is listed with us or with another company. This saves you
time and takes the hassle out of house hunting . . .and, it doesn't
cost you a penny! It
is another part of our full-service program for clients.
4. HOME SELECTED - PLAN THE APPROACH
Negotiating the purchase agreement is part of every transaction. Good
preparation lets you negotiate the best price and terms obtainable.
Your Aqualand Realty sales associate's experience is invaluable in
developing the correct negotiating strategies and techniques to make
approach a success.
5. MAKE THE OFFER
Once you have previewed suitable homes and have found one you think
is perfect, you are ready to make an offer! This process varies around
the country. Typically, in Florida, you and your sales associate will
complete an offer that will be presented to the owner and /or owner's
representative. This purchase offer will be carefully prepared and
presented by your Aqualand Realty sales associate. At this point, you
will be expected to include a check, usually a percentage of your offer
price, as earnest money. The owner, in turn, may accept, reject, or
make a counter-offer. Because counter-offers are common (any change in
an offer can be considered a counter-offer), it is important for buyers
to remain in close contact with their Aqualand Realty sales associate
during the negotiation process so that any proposed changes can be
6. OFFER ACCEPTANCE
An accepted buyer offer leads to a legally binding purchase contract.
The contract is a signed agreement between the seller and the buyer.
Your Aqualand Realty sales associate will answer any questions you may
regarding this contract.
7. HOME INSPECTIONS ORDERED - PERFORMED
Your Aqualand Realty sales associate, in order to protect your
investment, will encourage you to have a home inspection done prior to
finalizing your transaction. The home inspection should be ordered
within 10 days of the contract being signed. A number of inspections
are common in Florida residential realty transactions. They include
inspection for termites, wood-boring insects, radon problems,
mechanical and structural defects. During these examinations, a
certified inspector determines if there are material physical problems
and whether expensive repairs and replacements are likely to be
the next few years. Such inspections for a single-family home often
two or three hours. This is a safety net for our clients and any home
issues will be addressed by your sales associate immediately after the
results are received.
8. MORTGAGE COMMITMENT - TITLE WORK
AND SURVEY PERFORMED
At this time in the process you, as a buyer, have already been
pre-approved for a loan and await your final mortgage commitment .
Typically, a final written mortgage commitment is received in 30 to 45
days. Whatever time frame is specified in the contract of sale,
normally after 10 business days, the balance of the usual 10% deposit
is due. The process of ordering a survey, and title work now begins.
9. THE WALK -THROUGH - THE CLOSING
Coordinated through your Aqualand Realty associate, the walk-through
inspection is performed the day of the closing. The walk-through of the
home you're about to close on lets you re-confirm the condition of the
home before the closing takes place.
Settlement at closing is a brief process in which the necessary
paperwork needed to complete the transaction is signed. Typically, both
buyer and seller are at the same table, sometimes with each party
completing their paperwork separately. The buyer traditionally arrives
45 minutes earlier than the seller to handle the mortgage paperwork.
Title to the property is
transferred from seller to buyer. The buyer receives the keys and the
receives payment for the home. From the amount credited to the seller,
closing agent deducts money to pay off the existing mortgage and other
costs. Deeds, loan papers, and other documents are prepared, signed and
filed with local property record offices. Please see Buyers Estimated
Costs within this web site.
10. THE MOVE - CONCIERGE SERVICES
Moving can be stressful. Our Concierge Service is designed to assist
you with the myriad details involved in moving to your new home. We can
help you find a moving company, obtain homeowners insurance, find a
house painter, a nursery school or a dog walker.
Or call us to schedule your Free
Branon direct: 786-417-4910
Jelena direct: 786-417-4911