Buying a Home
Buying a home can be complex. A Realtor's experience and market knowledge will help guide you through the buying process; property search, financing, negotiation, and the transaction processes.
Get a Pre-Approval Letter or Proof of Funds
Having a proof of funds or pre-approval letter is critical before you even start the property searching process. By doing this it will help you achieve both finding the home of your dreams and meeting your financial needs. If you are not currently working with a lender please see below for reliable professionals in the Brevard area.
The Mortgage Firm
Bryan Troy Office 321-914-3596
924 Garfield Street email@example.com
Melbourne, FL 32935 www.TheMortgageFirm.com
Caliber Home Loans
Julio Paneto Office 321-557-9600
175 E Nasa Blvd Julio.Paneto@caliberhomeloans.com
Suite 203 www.CaliberHomeLoans.com
Melbourne, FL 32901
Nancy Davis Office 321-725-8200
1500 Airport Blvd firstname.lastname@example.org
Melbourne, FL 32901 www.SupremeLending.com
Choose which features & amenities are most important in your future home.
It is important to first distinguish what your "must-haves" and would "like to have", this will help to narrow your search and make the searching process faster. After narrowing the possible properties to a handful of homes your Realtor will schedule showings so you may view and evaluate possible properties.
Making an Offer
Once you have found a property you would like buy, your Realtor will draw up a contract. The contract will include sales price, deposit amount, closing date, and various other terms and clauses. After writing the contract your Realtor will present the offer to the seller and seller's Realtor. From this point the seller can accept, reject, or counter your offer.
Once you are under contract with the seller your next steps include finalizing your mortgage details, getting an inspection of the property, an appraisal, and shop for home owners insurance.
It's important to hire a knowledgeable, independent home inspector for advise on the overall condition of the property. The purchase contract usually requires specific time periods for inspections, and it is critical that this time frame be met. Usually the cost for any and all inspections and re-inspections are paid for by the buyer. Prices can range from $350 to $500+ for house inspections.
Some examples of common inspections are:
* Structural - defects caused by poor construction, soil movement, water or drainage conditions, settlement, fire, etc.
*Environmental Hazards- Including asbestos, lead-based paint, radon gas or any other toxic material.
*Roof- can include framing members, decking and shingle condition
*EMP- Electrical, Mechanical and plumbing - should include electrical and plumbing systems, built-in appliances heating and cooling systems, swimmimg pool/spas, sprinkler systems and security systems.
*Termite- report would show any visible infestation or visible damage caused by an wood destroying organism (termites, water damage, and/or wood rot).
White House Inspections
Fogarty Inspection Services Group
Chrissy Mac Home Inspections
When looking at home owners insurance check with a few local companies to find the best rate of the insurance you desire. Below are local insurance companies that can provide quotes.
Insurance Professionals of Brevard LLC
Prime One Insurance
Great Florida Insurance
Close on the Home
A few days before closing on your new home you should contact the local utility providers to schedule the turning on of your utilities. Also your Realtor will schedule a final walk through of the property. The day of the Closing you will meet at the Title Company's office to sign all of the closing documents.
Title Company Helpful Links
321-757-0130 ext 2008
Tips For Buying
Harold Rusty Melle BK 3185860
1455 South Wickham Road West Melbourne FL 32904