Step 1: Which Price and Financing terms are Best for You?
Before looking at home on the market, you should first consult with a licensed mortgage lender. Getting pre-approved for a loan may save you thousands of dollars on your purchase. A lender will discuss all the factors which affect your interest rate and the loan programs and price which best fit your budget. Your lender will also advise you regarding the most comfortable financial terms to include your monthly mortgage payments, taxes, insurance, and possibly homeowner’s association fees
Step 2: Free Buyer Consultation
At Berger Realty Group, we make the process of shopping for a home fun and easy! We will ask you a few questions to determine your wants and needs. Also some important info to define your location and Top 10 Feature Wish List. A BRG real estate Consultant will offer you a custom home presentation in our comfortable In-House Media Room. There you will be able to view pictures of different styles and locations of properties for sale in your price range and together, you and your Realtor will select the homes which feel right for you! It is fun and easy to preview many different neighborhoods and make price adjustments to choose the best combination of features and location.
At this time, we will explain and ask you to sign a Florida Agency Disclosure Form that is required by law so you are aware of exactly how we will work for you!
Step 3: Formal Loan Application
It is recommended that you complete a formal Mortgage Application during the home shopping process. The further along your qualification, the better the presentation we can make to the Seller, and very often this means a better price for the Buyer. A Seller is more likely to give their best price to a Buyer who is truly qualified to purchase their home. You will be expected to pay at the time of the application for both a credit report to be obtained and a future appraisal to be performed. The estimated cost is +/- $400.
Step 4: Searching For Your Dream Home
After discussing what you are looking and having all of your questions answered regarding financing, we are now ready to find the home of your dreams. Using the latest online technology, we will search the Multiple Listing Service (MLS) as well as other resources to find the properties which fit your family’s needs. Our expert Realtors will be able to narrow the search, because we know that your time is valuable.
Step 5: Drafting An Offer / Purchase Agreement
Once you find the home of your dreams, we will draw up a contract for sale and purchase on a form approved by the Florida Association of Realtors. Your Realtor will explain the entire agreement, so you completely understand all the terms and conditions of your offer.
Step 6: Write Earnest Money Check
At the time an Offer is written on the property you choose, an Earnest Money Deposit will be required to go along with your written offer. This amount shows the Seller that you are sincere about the offer to purchase. We suggest that our Clients write a check in the amount of 1% of the contract price of the property. We will then present the Offer to the seller’s representatives on your behalf and negotiate the price and terms which you agree shall best meet your needs and financial objectives. Your earnest money will be deposited into a Title company or Attorney Escrow Account.
Step 7: Inspection
We recommend that you have a professional, licensed inspection company inspect the home, particularly the roof, pool, A/C and appliances, for problems or defects. The inspection company fee will be approximately $250 to $500 and must be paid at the time the inspection is performed.
Step 8: Our Experience at Work for You
At Berger Realty Group, our services are not complete until you safely and securely in your new property. We will remain in direct communication with all parties including your mortgage lender, Title Company, and Inspection Company. We will also keep you informed throughout the entire process. Your Realtor will attend the inspection, appraisal, and Closing. We will be there to walk you through every step. Our goal is to provide you with…The Ultimate Real Estate Experience.