Buyer Resources

12 steps to buying your home

    

  1. Evaluate Your Needs
         Assess what you like and what you need, but your needs are most important.  You may want three bedrooms, but two will suffice. Make a list of both and  decide on the crucial ones.
  2. Receive Financial Approval
         Get in touch with your mortgage broker or financial advisor. You will want  to discuss your current financial situation and determine the amount of mortgage for which you can be approved. This is a crucial step as it helps to determine your price range.
  3. Meet with Bonnie
         This is when you connect with Bonnie, your SWF realtor, to discuss what type of property will suit you best. You will sit down with her at the Keller Williams office to determine the price range you are comfortable with, the number of required bedrooms and bathrooms, and any location preferences.
  4. View Properties
         Bonnie will set up appointments for you to view some potential properties.  This will give you an opportunity to see if there is anything that will meet your likes, and that will meet your needs. You may find something the first time out and you may not.
  5. Re-Assess Your Requirements
         At this point, you may have found the perfect property and feel ready to move to the next step. If you have not, you may want to review your likes/needs list as it may be too constraining, or not constraining enough. Revisit steps 3 and 4 in this situation.
  6. Evaluate the Market
         Once you have found the perfect property, Bonnie will prepare a Market Evaluation. This is a list comprised of three things: comparable properties currently for sale, properties that have recently sold, and properties that haven’t sold (are expired). In doing so, we can determine if the seller asking price is fair given current market conditions, and where we should start with regards to an offer price.
  7. Make an Offer
         This is where a Contract of Purchase and Sale is drawn up. Bonnie will include things such as the offer price, the dates you want to complete the sale and take possession, the subject conditions (financing, building inspection, etc.) and the items you want included in the price.
  8. Negotiate a Sale
         This is where Bonnie works hard to get you the best possible sale price. She will present your offer to the listing realtor and / or seller.

 9. Review Subject Conditions
Once you have an accepted offer with the Seller on terms and conditions in the contract, you will need to work on removing subject conditions. The subject conditions are an opportunity to do your homework and make sure you’re satisfied with all subject conditions. This is typically a 10-day to 2-week period where you may have a building inspection done, strata meeting minutes to review, or approval to be obtained for financing from your lender. Once all subject conditions have been reviewed and you are 100 per cent comfortable in proceeding, you have a firm commitment to the property   

 

10. Title  Companies
     Here in Florida your Title Company will proceed with your conveyance. They  will ensure there are no outstanding liens or open permits etc. on the property. This is when the title to  the property is transferred into your name.


11. Prepare for Completion & Possession

   There is a waiting period until completion and then you      will complete on one day and move into your property at noon the next      (unless specified otherwise in the contract). To prepare for completion,      review Bonnie’s To Do on Completion list to ensure you have transferred      all your services, utilities and insurance.


12. Move in Day!

   Congratulations. This is the day you officially own the property and can move in. 

Thank you for trusting me with your real estate purchase.  



    




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