A buyer's agent will be able to help you walk through the pre approval process, selecting the right property, managing the transaction and getting the file closed.
If you consider, a 33% close rate pertaining to offers submitted. This percentage clearly indicates that most offers do not close. Thus, working with an experienced agent will increase this percentage significantly.
Brock Realty Inc.
Please fell free to contact me anytime with any questions. Sincerely,
FRANCHES SCHNELL, REALTOR
FUTURE HOME REALTY, INC.
You should contact a Realtor first. Your Realtor will be able to answer all of your questions and walk you through the home buying process. Having a Realtor will make your home purchase much easier and it does not cost you anything to hire a Realtor. The seller will pay the Realtor's commission. You will also want to get prequalified for a home loan. Having a preapproval letter lets sellers know you are a serious buyer and you also know what you can borrow.
Your closing cost and prepaid items are not fixed numbers so they are going to vary depending on the property you purchase and your loan type.
Please feel free to call or email me with any questions you may have.
I'm an EBA and I wrote a book called "Buying a Home: Don't Let Them Make a Monkey Out of You". It will be the best $6 you've ever spent. Follow the link below.
The new home sales representative while a real estate agent is not your agent. They work for the builder. They usually don't do regular sales and may not be able to answer any questions beyond the builders and community information. If you have any further questions, please contact me directly.
Yes, absolutely work with a Realtor. An experienced Realtor will represent your best interests and will help you in a lot of ways. A "model minder" agent is there to get you to buy and may just gloss over some of the crucial information about the community, i.e. Community Development District Taxes.
We have first time homebuyer Florida Bond money that can help with your downpayment and closing costs. Your Realtor can give you the details on how to get this money.
I would interview a few Realtors and then go with one that you feel most comfortable working with.
All the best,
Alma Rose Kee, PA
Sold On Tampa Team
As a 1st time buyer,
1. DO NOT stroll into any New Home Builder like a Christmas ham walking into Wolf Country without representation! Those builders LOVE IT when a 1st time buyer wonders into their den! They have the perfect "Trifecta," their sales rep, their lender and their title company all speaking with one voice to maintain complete control over the buyer!
2. There is ridiculous money, like big fat low hanging fruit, in the form of real estate commission on New Homes that builders offer ANY buyer's agent that simply signs you in that consumers are completely oblivious to the fact that they can effortlessly share in this Pay Day!
$200,000 purchase could be paying as much as $6,000 to $7,000 in real estate commission!
$300,000 purchase could be paying as much as $9,000 to $11,000 in real estate commission!
Consumers can not only hire a buyer's agent who will help them negotiate their deal, they will only keep approx. $3,000 and rebate the buyer the rest!
Click here to read how this savings can work:
Then email me to be put in touch with a local Realtor who offers this kind of savings to buyers.
You really need to get Pre-Approved before you start looking for a home. This way your financing is all set and when you find your dream home, you are ready!
Closing costs are normally anywhere between $3500.00-$5500.00 on the average. The reason why they can vary so much is depending on where and the age of the home for home owner's/hazard insurance as well as the property taxes for that home. The price of the home dictates the closing costs too for Doc Stamps, Taxes, etc.
Rates are changing constantly right now and on the rise. Depending on the rate, we can also give you a credit back to go towards closing costs. Sometimes, that can be 1%-2% of the loan amount which can dramatically decrease your closing costs as well.
Depending on what area in Tampa you are looking to buy, you may qualify for 0% down (USDA Loan), and then would be either Conventional w/ 3% down or FHA at 3.5% down. These loan how much money you actually have to put down along with Credit Scores, etc.
I hope this helps you out.
Please let me know if I can help you with financing and any other questions.
Having a buyers agent representation is very important. Wether it be a traditional resale or new construction. Purchasing what is most people's largest investment they will ever make, there is much that goes into it. As far as funds you will need, will depend on what you purchase and the type of loan. I specialize in first time home buyers and can assist you with pre approving you for down payment assistance.
Commonly if you use a builders lender they will cover a large portion if not all of your closing costs as well as pre paids such as the property taxes.
In todays sellers market and resales seeing multiple offers and cash offers sellers are finding they dont have to pay any of the buyers closing cost. However builders are still assisting buyers along with other incentives to purchase new instead of resale or bank owned.
Would love the opportunity to assist you through the process and answer any other questions or concerns that you may have. Congratulations on taking your first step in your dream of home ownership becoming your reality!
Century 21 Galleria of New Homes
1501 S Dale Mabry
Tampa FL 33629
You should always have a Realtor help you even when purchasing from a builder. They can help you in your search and offer suggestions that you may not have thought of. Your Realtor can also help negotiate the deal, help you find a lender, and give you guidance. You will pay the standard cost for your loan, taxes, insurance and other fees associated with your loan.
Please review my profile and send me a message, I would love to help.