Latarsha Ale…, Home Buyer in Pompano Beach, FL

Where do you start when first looking to buy a home ?

Asked by Latarsha Alexis, Pompano Beach, FL Mon Jul 1, 2013

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18
Perry Martin…, Agent, Lake Worth, FL
Fri May 30, 2014
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http://www.eRealEstateAgent.net
(954) 445-5426
0 votes
Josh Barnett, Agent, Chandler, OK
Sun May 25, 2014
At the bank to make sure you get the best loan possible.
0 votes
Bill Eckler, Agent, Venice, FL
Sun May 25, 2014
Most will point out the importance of getting pre-approved or identifying a suitable agent to represent you but there are other often overlooked steps that can greatly streamline your search process.

The issues overlooked are evaluating your personal budget accounting for all income and expenditures. Once you are comfortable with this information you will be ready to meet with a lending representative.

Secondly, too many buyers begin their search without any idea of what their needs are and what they should be looking for in their future home. This is why we always recommend to our buyer the importance of investing in creating three different lists. One that identifies everything you are looking for in your home that it MUST have. A second list that includes a list of features that it would be nice to have bit you might be able to live without. And finally a list of features that are totally unacceptable.

Armed with this information, your task becomes much more clearer.

Best wishes,

Bill
0 votes
Stefanie Coh…, Agent, Weston, FL
Sun May 25, 2014
Your first step should be figuring out how much you want to spend on your home. This is done by contacting a mortgage lender. They will let you know how much of a mortgage you can qualify for, and how much cash you will need for a downpayment and closing costs.

Then you should narrow down the area that you want to live in. You can do this by looking on line, driving around areas and getting to know them and doing as much reasearch as you can. If you are looking for certain schools, community amenities, traveling to business or anything else, take this into consideration. Determine the type of property that you want to look for....condo, townhouse or single family home.

Then you can begin looking for a Realtor to work with. Talk to a few different people who specialize in the areas that you are looking. A good Realtor will help you find the perfect property and guide you through the entire process. By working with one Realtor who knows what you want, and what you have already seen, will make the buying experience that much easier.

Best of luck!
Stefanie Cohen, PA, ABR, SFR
Berkshire Hathaway HomeServices Florida Realty
Scohen77@aol.com
http://www.StefanieSellsBroward.com
0 votes
Patty Bauer, Home Buyer, Wasilla, AK
Wed Mar 12, 2014
The very first thing you do is contact a lender to get pre-qualified so you know the price range of homes to search- saving you a lot of time and gas money. Once you have been pre-qualified it is time to find a Real Estate Professional you are comfortable with. You can find one online, or ask friends, family or acquaintances who they have used in the past and had a positive outcome with.

You can research properties online, but it doesn't mean they are still available or are a property that fit into your loan type. For instance, if you are trying to find a home to purchase and you qualified for a Rural Residential loan, that type of loan does not work for every property. Real Estate Professionals can research properties and pull up only the properties that will work for that type of loan. Unless you are paying cash, then you can buy just about anything on the market. A real estate professional has the tools, experience, and knowledge to save you time and money, and most of all keep you from making poor real estate decisions and ending up in a home or area you are not happy with. If you are in need of heart surgery, would you do it yourself? Same goes for Real Estate- use a professional or you may not be happy with the outcome.
0 votes
Ximena Rosen…, Agent, Coral Springs, FL
Wed Mar 5, 2014
Hi Latarsha,

I can help you.

Please feel free to contact me.


Thank you,

Ximena Rosensweig
Realtor
SIGMA
Direct Line: 954-670-7994
xrosensweig@gmail.com
Languages: English, Spanish
0 votes
Tammy Hayes, Agent, Port Charlotte, FL
Sat Dec 21, 2013
First time home buyer tips

Are you a first time home buyer? Here are some helpful tips to get you started on the right path.

1. The first step before you do anything is to find out how much money you can borrow from a bank/mortgage company. Check with different lenders to see who can get you the best deal. Once you know what you can afford, then you can begin to plan.

2. Determine what you need in a home, not necessarily what you want in a home. Make a list of those needs to give to your Realtor. When you are searching for homes you will find that it is very rare to find a home that has absolutely everything you are looking for. If you stick to what you actually need, you will have better success in your search.

3. Research areas/communities that are of interest to you. Determine what things are important such as schools, proximity to shopping, restaurants, and local activities. Drive through the communities to get a feel for what they are like.

4. Learn as much as you can about the process of buying a home. Some local Realtors or lenders will offer first time home buying seminars. If you can find one in your local area it would be helpful to attend. If you cannot attend a seminar, look on the Internet for a home buyers guide such as the one at Bankrate.com – http://www.bankrate.com/brm/news/real-estate/BuyerGuide2004/…

5. Select a local Realtor to help you begin your search for a home. You can search Internet sites such as Realtor.com or Homes.com, but a Realtor has access to all of the homes in the local MLS. They can provide you with information on the home, the area and answer any questions you may have. A Realtor can show you properties of interest.

6. Learn about the contract and what is involved. Your Realtor can take you through step by step the process of a contract. After it is signed by buyer and seller, it is called an executed contract. Then you would want to get a home inspection. If everything is fine with the inspection, then you can go forward towards closing.

7. Know what happens at closing. Again, a Realtor can walk you through what to expect at closing. You will need to have money for closing costs such as title search, processing fees, taxes, and insurance.

Buying your first home is an exciting and overwhelming experience. So make sure you are prepared.

Tammy Hayes, Realtor
Re/Max Palm Realty
tammyhayesre@gmail.com
941-276-6185
http://www.tammyhayes.remaxagent.com/
0 votes
marc jablon, Agent, Boca Raton, FL
Fri Dec 20, 2013
Assuming you have already begun searching for mortgage loan pre-approval, the place to start looking for a home is the city where you think you want to live.

Consider where you work and how long you're willing to drive to get there. Also, consider realistically how much house you really need. If you know you're going to have 4 children in a hurry, then you probably want to find a house with 4-5 bedrooms right now.

If you have 1 child and might or might not have another, then you may be ok with a 3 bedroom home.

Look at neighborhoods you like and ask your realtor how much homes cost in that area. If the neighborhood fits your price range, start looking for available homes there.

However, if the price of homes in the place where you hoped to live exceeds what you can afford, ask your realtor to direct you to nearby neighborhoods in the same city that may be more in your price range. You may be surprised to discover that just around the corner in a slightly older neighborhood, you can get a similar home at a price that's right for you.

There are appealing homes available in almost every price range. If you like a particular neighborhood but the available home does suit your tastes, think about fixing up the place. Sometimes a coat of paint and some new carpeting, or some new appliances, can change the face of an unhappy house.

So, the first step after mortgage pre-approval: start at your office and drive 15-20 minutes in each direction. Chances are good you'll find several neighborhoods you'd like to start exploring.

Marc Jablon, the Jablon Team
RE/Max Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.jablonteam.com
0 votes
Margaret Has…, Agent, Tampa, FL
Fri Nov 29, 2013
You should start by getting a Realtor. Your Realtor will guide you through the process from start to finish and most won't cost you a dime. It would be ludicrous to purchase a home without a Realtor in today's market. There are too many pitfalls to try to do it on your own.
0 votes
Susan J Penn,…, Agent, Weston, FL
Mon Oct 7, 2013
You start in a few places to purchase a home:

* The city where you would like to move.
* The financial means of which you are buying.
*The type of property you are looking for.
* The square footage and number of bedrooms

Susan Penn, PA, SFR, CDPE http://about.me/HomesForSale_SusanJPennPA
EWM Realtors® | A HomeServices of America Company | An Affiliate of Berkshire Hathaway
2000 Main Street, Suite 103 | Weston, FL 33326 l http://www.susanpenn.com
T: 954.306.7337 | C: 954.557.5993 | F: 954.515.0200 | penn.s@ewm.com |
0 votes
Trevor Curran, Mortgage Broker Or Lender, Great Neck, NY
Mon Jul 1, 2013
Good evening Latarsha,

First steps:

Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.

Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.

Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.

Put together your Team of real estate professionals and shop 'til you drop!

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
0 votes
Nubia Rojas, Agent, Parkland, FL
Mon Jul 1, 2013
banks now are getting tough to get approved call me I have couple of loan mortgage. You can go with your bank and then compare then we sit and I see what can I get for u CALL ME AT 954-854 0629 NUBIA
0 votes
Tanya Woodfo…, Agent, Royal Palm Beach, FL
Mon Jul 1, 2013
You should first go to your bank and speak with a loan officer to get prequalified to see how much of a home you can afford based on your income and credit. Once your a preapproved you will know how much of a house you can purchase, once you know that contact a realtor and your ready to start the process good luck!
0 votes
Kathy Settic…, , Pompano Beach, FL
Mon Jul 1, 2013
The first thing you should do is get pre-approved for a loan unless you are going to pay cash. If you are paying cash you need to have proof of funds from your bank. Then you decide on the area you would like to live in and then pick one realtor you like that is knowledgeable and will find out what you like and then preview the properties for you.

I would love to assist you in finding your new home.

Kathy Setticase
Better Homes & Gardens
954-494-9988
0 votes
Simon Campbe…, Agent, Miami Beach, FL
Mon Jul 1, 2013
I agree with the posts here. Your first step is to pre-qualify for a loan. This will let you know how much house you can afford - based on the lender's qualifications. They will give you a pre-qualification letter which should be submitted with your offers.

Other than that, you should determine what you can actually afford. Lenders only look at your income and expenses in a broad sense. They look at your total debt to income but they do not consider living costs and individual spending habits. Just because a bank says you are approved for a $250,000 loan does not mean that you could actually afford it based on your personal spending habits.

Once you have figured out a realistic budget including mortgage, property insurance, property taxes, repairs, maintenance etc., then your best next step is to find a good real estate agent. They will then help you find the home of your dreams.
0 votes
Meir Aloni, Agent, Plantation, FL
Mon Jul 1, 2013
Hello Latarsha,
If you buy with a loan, your 1st step should be to be qualified by a lender and 2nd step will be to contact an experienced Realtor, who will guide you all the way to the closing table!
All the best,

With enthusiasm,

Meir Aloni & Team

CRS (Certified Residential Specialist)

CDPE (Certified Distressed Property Expert)

RECS (Real Estate Cyberspace Society)

Successfully selling Broward County since 1986
0 votes
Ok Thank You!!!
Flag Mon Jul 1, 2013
Barbara East…, Agent, Pompano Beach, FL
Mon Jul 1, 2013
Your first step towards home ownership should be to speak to a lender to find out if you will qualify for a loan. Finding out what amount you qualify for will let you know what price range you can afford. Then you can find what neighborhoods match your price point and all of the other things that you are looking for in a new home for you and your family.

I would be happy to assist you with choosing a lender and getting your search started. I am a full time top producing Realtor here in the Ft. Lauderdale area.

Barbara Easton-Irvin
Atlantic Properties
954-740-7855

check out my website at: http://www.FortLauderdaleHomes4U.net
0 votes
Ronen & Linda…, Agent, Wellington, FL
Mon Jul 1, 2013
Hello Alexis,
Great Question. Depending if you are buying with cash then contacting a Realtor will be your next stop. If a loan is needed then contacting a Loan Broker and schedule an appointment as to break down your finances and see what you qualify for and what monthly payment will fit your budget. This will determine what price range you will be looking for and what area will meet your goals in a home. I'm more then happy to take a call and discuss this with you and my office in Wellington has all the tools to start in one building.
Thank you,
Ronen Tish
Tish Realty Group
9144 Forest Hill Blvd., Wellington, Florida 33411
Direct/Mobile: 561-568-6841
Office: 561-964-9566 Ext. 213
Ronen@TishRealtyGroup.com
http://www.trulia.com/profile/RonenandLinda/
0 votes
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