1. CONTACT THE TIRINO TEAM
Connect with Cate and Phil of The Tirino Team, local Real Estate specialists who have knowledge about the neighborhoods you are considering. They can help guide your search. Call or text (561) 685-3675.
2. CASH OR MORTGAGE BUYER
If you are a cash buyer all you need is proof of funds. If you are obtaining a mortgage before going out and looking at properties your first step is to get pre-approved for a mortgage loan. Our team can connect you to a mortgage broker. Based on your income and credit history, the mortgage broker will determine how much a bank will lend you, which will help you determine the price range for your search.
3. VISIT PROPERTIES
Once you have been pre-approved and have your pre-approval letter from the lender It is now the time to consider your ideal home’s location and amenities. Cate & Phil will now be able to set up viewings of houses in your pre-approved price range spanning a range of areas and property types.
4. SUBMITTING OFFERS
Once you find a home that you want to purchase we will submit a written offer to the seller’s agent. The contract includes the property description, purchase price, time for acceptance, financing, right to inspection and additional items. This offer needs to be accompanied with your Proof of Funds (POF) and/or a Pre-Approval Letter. Your offer may or may not be acceptable to the seller. No matter the scenario we will provide you with our professional advice throughout the entire process.
5. OFFER ACCEPTED/ESCROW PROCESS
Once the offer is accepted, the clock begins on all contingencies.
Step 1: Initial escrow deposit is due per the terms of the agreement. (There also may be another payment due prior to closing.)
Step 2: The buyer hires a home inspector to perform a home inspection within the contract inspection period. This could include a wind mitigation and 4-point roof inspection. You want to confirm you can obtain propety insurance during this inspection period.
The above is a brief outline. All contingencies and dates on the contract will be reviewed and verbally discussed.
6. HOME INSPECTIONS
It is the buyer’s responsibility to hire and to schedule all desired home inspections and determine the overall condition of the property within the agreed timeline and contractual contingencies. The buyer will also review the Inspection report. You may approve or negotiate credits/repairs. Prior to closing, remember to schedule a final walk-thru of the property to verify the property is still in acceptable condition and any negotiated repairs were completed.
7. LOAN, APPRAISAL, AND CLOSING
If you have a loan the bank will schedule an appraisal of the property. Your loan application should be submitted to the lender based upon the terms of the contract. The lender issues a loan approval which also needs to be within the dates on the contract. You will be notified by the title company how much you need to wire once you are ready to close. ALWAYS follow up with a phone call to the title company to confirm the email because there are email scams that try to trick you into wiring you money to the wrong account.
7. THE PROPERTY CLOSED “WELCOME HOME”
Congratulations on the successful purchase of your new home. Time to move in and make it all yours!
Ready to find your dream home? Let us help you make that happen!