Get Pre-Approved for a Loan
Getting Pre-Approved is the very first step to the home buying process. We want to figure out how much house you can afford and what your monthly payments will be so we can have all the information to make an educated decision. There is no cost to getting a Pre-Approval. We can give you some great recommendations for lenders if need be. Once we get that taken care of, it’s time to go find you a new home!
Finding Your New Home
Pinellas County has a little something for everyone. Looking for a downtown condo in a bustling city? Looking for a small house in a quiet neighborhood? How about a beach front house overlooking the ocean? We have it all here. Explore Pinellas County Homes and Condos for sale here.
Making An Offer
Once we find a home you like, we’ll do some research and look at a few different factors to determine what kind of offer we’d like to make. We will look at days on market, what the comparable properties in the neighborhood have recently sold for, the condition of the house and the motivation of the seller. When writing up the offer we will discuss and decide on a few things: the offer price, the amount you’d like to put in escrow, the time allowed for an inspection period, the closing date and any additional terms that may be necessary.
The inspection period is usually the make or break time when buying a home. The home inspection will allow us to find out if there are any major defects with the home. If there are any major defects we can take one of two routes – We can ask for the sellers to take responsibility for it where they will either hire someone to make the repairs or credit us money at closing. The second option is we can back out of the contract with no negative repercussions. We will make sure you are certain of your decision before the inspection period is over.
After the inspection we will review the report and figure out what concerns need to be addressed. Every inspection report will find something… we are looking to find the major items that are either a hazard or uninsurable. You might have heard before that houses in Florida are typically sold “As-Is”. This means that the seller has no obligation to complete repairs, however both sides of the party want the transaction to go through so the vast majority of sellers will be willing to make some necessary repairs. As mentioned before, we are able to back out of the contract during the inspection period if we are not able to come to an agreement on repairs.
Loan Underwriting & Appraisal
At this point in the process, your loan should be in the underwriting process. We will coordinate with your lender and the listing agent to schedule an appraisal. If the home has been priced correctly then we should have no problem with the home appraising at value. During underwriting all of your financial documents and credit history will be analyzed and when everything is given the green light we can begin the closing process.
Either the day before or the day of closing we will perform a final walk through of the property. We will walk through the home to make sure all utilities are working properly and we will also verify that any repairs we agreed on were completed. When this is signed off we are ready to go to closing.
You may want to do some hand exercises before closing because you will be signing a ton of documents. Usually closings take anywhere from 60 to 90 minutes. Once we’re done we will give you your keys and congratulate you on being a new homeowner!