Florida Home Tools - South Florida Real Estate Service

Step 1: Get Pre-qualified By A Mortgage Lender
Before looking at home on the market, you should first be pre-qualified by a licensed mortgage lender. Getting pre-approved for a loan may save you thousands of dollars on your purchase. A lender can discuss all loan programs that match your exact criteria. Your lender will also advise you on what your budget should be when purchasing a home, so you can meet your monthly mortgage payments, taxes, insurance, and possibly homeowner’s association fees. Our team recommends SunTrust Mortgage. Through our relationship with SunTrust, many of our clients have had a satisfaction rate of 98%. To get pre-approved for a mortgage please contact John Little at 1-866-492-RATE or CLICK HERE

Step 2: Free Consultation With Our Team Of Buyer Specialists
Our team will educate you and your family on the home buying process. After asking you a few questions to determine your wants and needs, so we will be ready to better assist you during the home buying process. This meeting will take between 30 minutes to 1 hour. After our meeting, our team will know exactly what you are looking for and only show you properties that match your exact criteria. At this time, we will also ask you to sign a Florida Broker Disclosure Form that is required by law in order to start working for you.

Step 3: Searching For Your Dream Home
After discussing what you are looking and having all of your questions answered regarding financing, we are now ready to find the home of your dreams. Using the latest online technology, we will search the Multiple Listing Service (MLS) as well as from other resources in order to find the properties that fit you and your family’s needs. Our expert team will be able to narrow the search, because we know that your time is valuable. Our team’s duty is to get the best possible price and terms for our clients.

Step 4: Drafting A Purchase Agreement / Offer
Once you find the home of your dreams, we will draw up a purchase agreement. Our team will explain the entire contract, so you completely understand each term and condition.

Step 5: Write Earnest Money Check
After writing an offer on a property, you will also be asked to write an earnest money deposit to go along with your written offer. This amount shows the seller that you are serious about the offer. We suggest that our clients write a check in the amount of 1% of the contract price of the property. We will then present the offer to the seller’s representatives on your behalf. We will also negotiate the best prices and terms of the contract. Once an offer is accepted in writing by the seller, your earnest money will be deposited into a third party escrow company.

Step 6: Formal Loan Application
After your contract is accepted, you will need to meet with your mortgage lender and complete the formal loan application if you have not previously done so already. You will be expected to pay for a credit report and appraisal of the property, which should cost around $400. You will also be required to sign a Verification Of Employment form. We recommend that you have a professional, licensed inspection company inspect the home, especially the roof and the appliances, for known problems or defects. This fee will be in the amount of approximately $250 to $500 and must be paid at the time the inspection is performed.

Step 7: Preparing For Your Move
Our team will make sure that the process goes as smooth as possible. We will be in direct communication with all parties including your mortgage lender, title company, and inspection company. We will also make sure to inform you of the entire process in order to ensure that you will close on the property on the date on the purchase agreement. Our team will also attend the inspection, appraisal, and closing. We will be there to walk you through every necessary detail until you have the keys to your dream home.