South Florida Real Estate Services
Buyer Representation
Atlas Realty International provides a hands-on approach when assisting you in buying a home. Our agents are experienced professionals in negotiating and handling both cash and financing contract contingencies. We value your time and are committed to looking after your best interest with loyalty and confidentiality as we walk through each step of the purchasing process.
Our Commitment to you:
- Educate you on current market conditions
- Research comparable properties before placing an offer
- Advise & Advocate during the buying process
- Negotiate in your best interest
- Coordinate between all parties involved in the transaction
Get Pre-Qualified Today
Dreamhouse Mortgages is our firms preferred lender. From the pre-qualification to mortgage preparation / consultation to receiving the clear to close. The Dreamhouse experience makes easy with their online application process and experience staff to insure you're in good hands throughout the mortgage financing process.
7 Steps to Home Buying
The Home Buying Process
The home buying process can be stressful at times, especially for first time homebuyers.
Working with the right real estate agent can definitely make the difference between a good home buying experience and a bad one.
Step 1: Determining what’s your home buying budget?
Cash Buyer: The amount of cash you have allocated for the purchase dictates your budget.
Finance Buyer: For a finance buyer he or she must check their credit score, which according to
the law, you’re allowed to receive one free copy of your credit report per year.
(Visit Annualcreditreport.com to get your free annual credit report to find out your fico score.)
When it comes to credit scores, generally, the higher your score, the better loan you may qualify for
it is important to check your credit report for errors you may be able to dispute and remove in order improve your score.
Step 2: Financing? (If applicable)
Contact a loan professional /mortgage originator who can analyze the financing market and make sure you receive the best loan offer possible. One can also contact a bank or private lender directly to obtain a prequalification letter.
Financing Formula: Property sales price – Down Payment = Loan Amount
- Step 1: Pre-qualification
- Step 2 Loan Application
- Step 3 Lender Underwriting
- Step 4 Loan Options /Conditional Approval
- Step 5 Clear to close
- Step 6 Bank releases funds for purchase
Step 3: Search for property? (Where would you like to live?)
It is recommended to visit the neighborhood you are considering moving too. Ask friends, family, and locals about the community. It’s also very important to keep in mind that your new home may not feature some of your considering the realities of the marketplace and/or specific financial constraints
Step 4: Submitting an offer
When it comes time to place an offer on a property a comparative market analysis is suggested to determine the appropriate offer amount. If you are working with a Realtor, ask for a market analysis. The listing price is not necessarily considered market value, in fact the listing price can be considered the amount the seller would like to receive for conveyance of the property. Once your offer is accepted and signed by all parties involved the sales contract becomes an executed contract and you are now ready for the next step.
Step 5: Inspection period
After the seller accepts an offer an inspection period follows where the buyer at his or her expense hires an inspection company to inspect the property for damages that could affect the value or purchase of the property. During the inspection period, the buyers have the opportunity to request repairs for such damages found during the inspection or withdraw the offer for the property and receive any escrow deposit.
Step 6: Closing
At closing the purchase is finalized and new ownership is conveyed. A closing statement is prepared by a selected closing agent to outline all closing costs involved in the transaction.
The Seller receives a check or bank transfer for the proceeds of the sale, minus the closing cost and any mortgage payouts the seller might need to payoff.
Step 7: Taking possession of the property
Buyer receives the keys to the property and begins move in personal belongings shares the news with family and friends and starts to enjoy the new home.