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Home Buyer’s Process Step-by-Step (Part 1 of 2)

Home Buyer’s Process

Step-by-Step
The home buying process can be complex. These key steps are the critical
steps to follow:
 
1. Choose & Meet Your Realtor
Building a solid relationship with a Real Estate Agent is important. He or she
will be working closely with you in finding the perfect home to meet your
unique needs. Professional agents have extensive market knowledge and
will provide guidance in your buying process.
 
2. Finding the Perfect Home
Your Real Estate Agent will show you homes based on the criteria that you
have given him. The more precise and direct you are with your agent, the
more successful your search will be.
 
3. Determine the Seller’s Motivation
Once you have found your perfect property, your agent will research
the homeowner’s motivation for selling, helping leverage your negotiating
power in an offer to purchase.
 
4. Offer to Purchase
Your agent will draft a purchase agreement, advising you on customary
practices, local regulations, and protective contingencies. You will need to
provide an “earnest money” deposit at this time, usually ranging from 1%
to 3% of the purchase price (deposit amount is not cashed until your offer
is accepted by the seller). Your realtor will present your offer to the seller’s
agent. The seller will then either accept your offer, counter your offer or
reject your offer.
 
5. Seller’s Response
You and your agent will review the seller’s response. Your agent’s
knowledge of the process and strong negotiating skills will help you reach
an agreement you feel good about.
 
 

 

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Buying or Selling Real Estate in: Aventura, Hallandale Beach, Hollywood FL, Sunny Isles Beach?

 

 
Home Buyer’s Process Step-by-Step (Part 1 of 2)
 
Home Buyer’s Process Step-by-Step (Part 2 of )