Vivienne Cunningham is a real estate broker serving Central Florida and specializing in helping people from the Caribbean region make Florida their home. She has over 11 years of experience in real estate and enjoys helping clients achieve homeownership. Her team, The Caribbean Team, is dedicated to making clients' real estate dreams come true. The document provides information on Vivienne's services and the process of finding and purchasing a home.
This document provides information to home buyers about Houlihan Lawrence, a real estate company, and the home buying process. Houlihan Lawrence has over 1,200 agents serving the New York City suburbs and connects international buyers to homes across six continents. The document outlines factors for buyers to consider when looking for a home, common disclosures, the benefits of pre-approval, typical closing costs, how to make an offer, and what inspections are recommended.
The document provides information on buying a home, including:
1) It recommends getting your finances in order by checking your credit score, saving for a down payment and closing costs, and getting pre-qualified for a loan to understand how much home you can afford.
2) It discusses current mortgage rates being at historically low levels and projections that rates will increase in the coming year, making it beneficial to buy now rather than wait.
3) It explains the home buying process, including hiring a real estate agent, finding a home, making an offer, inspections, and closing to become a homeowner.
Buying a Home is the largest and in many cases the most important financial decision we ever make. That's why we put together this 2016 Home Buyer Guide. Our goal with this comprehensive guide is to educate and empower you to make informed and confident decisions about your home buying process.
This document provides an overview of the home buying process in 6 steps: 1) determining financial comfort zone, 2) getting pre-approved, 3) outlining location and housing requirements, 4) beginning the home search, 5) making and negotiating an offer, and 6) completing the transaction. It then defines key terms like mutual acceptance, inspection, and closing. The remainder of the document discusses financial considerations like determining an affordable price range based on income, understanding credit reports and loan types, and identifying all associated costs of buying a home.
The document provides information for home buyers on the home buying process, including determining needs and budget, finding a home, making an offer, removing contingencies, leading up to settlement, the settlement process, and moving into the new home. It emphasizes working with a buyer's agent to represent the buyer's interests and make the strongest possible offer. The settlement process involves conducting a title search, clearing liens, issuing title insurance, preparing final documents, and completing the closing.
This document provides information to help buyers through the process of purchasing a home, including:
- Working with a real estate agent to find the right home and make an offer
- Understanding financing and pre-qualifying for a loan amount
- Going through the escrow process where terms are carried out by a neutral third party
- Signing documents and fulfilling conditions to complete the transaction by the closing date
This document provides an overview of mortgage qualification guidelines in Canada, including income requirements, down payment amounts, equity sources, and debt service ratios (GDS and TDS). Key points:
- Common income sources considered include employment, self-employment, pensions, and child tax credits, provided they can demonstrate consistency.
- The minimum down payment is typically 5% but increases to 10% or 20% for homes over $500k or $1M. Larger down payments reduce mortgage costs.
- Equity can come from sources like selling another property, savings, RRSPs, gifts, or investments.
- GDS measures housing costs as a percentage of income and is typically capped at 32-35
This document contains questions from a real estate agent, Deborah Stirling, to understand a home seller's expectations for the sale of their property. The questions cover topics like preferred communication methods, motivation for selling, desired time frame, need for relocation assistance, individuals involved in decisions, price expectations, desired marketing activities, previous home selling experience, positive and negative past experiences, and expectations of the real estate agent's services.
This document provides information to home buyers about Houlihan Lawrence, a real estate company, and the home buying process. Houlihan Lawrence has over 1,200 agents serving the New York City suburbs and connects international buyers to homes across six continents. The document outlines factors for buyers to consider when looking for a home, common disclosures, the benefits of pre-approval, typical closing costs, how to make an offer, and what inspections are recommended.
The document provides information on buying a home, including:
1) It recommends getting your finances in order by checking your credit score, saving for a down payment and closing costs, and getting pre-qualified for a loan to understand how much home you can afford.
2) It discusses current mortgage rates being at historically low levels and projections that rates will increase in the coming year, making it beneficial to buy now rather than wait.
3) It explains the home buying process, including hiring a real estate agent, finding a home, making an offer, inspections, and closing to become a homeowner.
Buying a Home is the largest and in many cases the most important financial decision we ever make. That's why we put together this 2016 Home Buyer Guide. Our goal with this comprehensive guide is to educate and empower you to make informed and confident decisions about your home buying process.
This document provides an overview of the home buying process in 6 steps: 1) determining financial comfort zone, 2) getting pre-approved, 3) outlining location and housing requirements, 4) beginning the home search, 5) making and negotiating an offer, and 6) completing the transaction. It then defines key terms like mutual acceptance, inspection, and closing. The remainder of the document discusses financial considerations like determining an affordable price range based on income, understanding credit reports and loan types, and identifying all associated costs of buying a home.
The document provides information for home buyers on the home buying process, including determining needs and budget, finding a home, making an offer, removing contingencies, leading up to settlement, the settlement process, and moving into the new home. It emphasizes working with a buyer's agent to represent the buyer's interests and make the strongest possible offer. The settlement process involves conducting a title search, clearing liens, issuing title insurance, preparing final documents, and completing the closing.
This document provides information to help buyers through the process of purchasing a home, including:
- Working with a real estate agent to find the right home and make an offer
- Understanding financing and pre-qualifying for a loan amount
- Going through the escrow process where terms are carried out by a neutral third party
- Signing documents and fulfilling conditions to complete the transaction by the closing date
This document provides an overview of mortgage qualification guidelines in Canada, including income requirements, down payment amounts, equity sources, and debt service ratios (GDS and TDS). Key points:
- Common income sources considered include employment, self-employment, pensions, and child tax credits, provided they can demonstrate consistency.
- The minimum down payment is typically 5% but increases to 10% or 20% for homes over $500k or $1M. Larger down payments reduce mortgage costs.
- Equity can come from sources like selling another property, savings, RRSPs, gifts, or investments.
- GDS measures housing costs as a percentage of income and is typically capped at 32-35
This document contains questions from a real estate agent, Deborah Stirling, to understand a home seller's expectations for the sale of their property. The questions cover topics like preferred communication methods, motivation for selling, desired time frame, need for relocation assistance, individuals involved in decisions, price expectations, desired marketing activities, previous home selling experience, positive and negative past experiences, and expectations of the real estate agent's services.
The document provides information about the home buying process including researching your goals and finances, finding the right home, making an offer, negotiating, inspections, and closing. It discusses trends in the real estate market, working with a lender, costs of home ownership, and tips for different stages of the buying process.
The document provides information about the home buying process including researching your goals and finances, finding the right home, making an offer, negotiating, inspections, and closing. It also includes trends for the local real estate market and tips for working with a lender.
- Buying a home is a major financial decision and commitment that requires navigating a complicated process. The document provides guidance to help buyers feel informed and prepared.
- It outlines preliminary financing concerns like estimating purchasing power based on income, credit, expenses, down payment, and interest rates. It also provides steps to review credit reports, financial documents, and to talk to a lender.
- The document reviews mortgage types, terms, fees, and questions for buyers to ask lenders to better understand financing options and select the best loan. It also discusses down payment amounts and private mortgage insurance.
Thinking of buying a home in Richmond Virginia area? Whether it is your first home, or you have bought a home before this booklet will guide you through the process
The document summarizes common mistakes made by first-time home buyers and tips to avoid them. The top 5 mistakes are: 1) Not asking their lender enough questions to get the best mortgage deal. 2) Not making a quick decision, allowing other buyers to purchase the home first. 3) Not finding the right real estate agent to guide them through the process. 4) Not making their offer appealing to sellers. 5) Not considering resale value when choosing a home since first-time buyers typically stay in a home for only 4 years.
The document provides an overview of the typical steps in the home buying process:
1) Define your goals and research options and financing; 2) Contact a real estate professional; 3) Get pre-approved for a loan; 4) View homes and make an offer; 5) Negotiate with the seller; 6) Secure financing; 7) Close the deal and take ownership. It emphasizes the importance of being well-informed and working with a trusted real estate professional throughout the process.
The document provides an overview of the typical home buying process in the United States. It outlines the main steps as: 1) defining goals and researching options, 2) contacting a real estate professional for guidance, 3) getting pre-approved for a mortgage loan, 4) viewing homes and making an offer, 5) negotiating with the seller, 6) securing financing, and 7) closing the deal. The document also includes a glossary of common real estate terms to help educate home buyers.
1. The document is a presentation on home buying from Bank of America that covers topics like determining if homeownership is right, getting prequalified, understanding credit, affordable mortgage programs, and the home buying process.
2. It provides information on calculating how much home buyers can afford and borrow, the importance of credit for getting approved, and resources for homebuyer education and counseling.
3. Bank of America promises personal service and affordable loan options to help buyers achieve their goal of successful homeownership.
This document provides a guide for buying a home. It outlines the necessary preparations, including saving for a down payment, improving your credit score, and getting pre-approved for a mortgage. It describes factors to consider when searching for a home, such as condition, size, price, and location. The guide also explains the process of making an offer, getting an inspection, closing on the purchase, and settling into the new home. The overall document serves as a comprehensive overview of the major steps involved in the home buying process.
This document provides an overview and guide to mortgages from Chicago Bancorp. It begins with an introduction to Chicago Bancorp and what they offer. It then outlines the basic loan process in 3 steps. Next, it explains the pre-approval process and compares it to pre-qualification. It also provides information on shopping for a home, the approval process, common loan programs including fixed rate, adjustable rate, FHA, VA, and Jumbo loans. Additionally, it defines what makes up a monthly mortgage payment and provides a good faith estimate and closing costs worksheet. Finally, it concludes with a glossary of common mortgage terms.
This document provides information about the home buying process, including the typical steps involved and common questions homeowners may have. The 10 steps outlined are: researching the area, calculating an affordable budget, getting pre-approval, making an offer, starting paperwork like reviewing contracts, organizing insurance, arranging inspections, exchanging contracts, considering a cooling-off period, and completing settlement. It also answers frequently asked questions and provides a glossary to explain common real estate terms. The overall guide aims to help potential homeowners understand what is involved in purchasing a property.
This document provides an overview of the home buying process from the perspective of a real estate agent, Jewel K. Stockli. It outlines the typical steps in buying a home, including obtaining financing, viewing properties, making an offer, inspections, and closing. It also discusses the agent's role in guiding clients through the process and providing services like connecting clients to lenders and home warranty programs. The document is intended to educate home buyers on working with an agent and navigating the home buying process.
The document provides a guide for buying a home in 2016. It outlines the steps home buyers should take, including preparing finances by saving money, improving credit scores, and getting pre-approved for a mortgage. It also discusses factors to consider when searching for a home, such as condition, size, price, and location. Finally, it covers the process of making an offer, home inspections, closing on the purchase, and handling the logistics of moving into the new home. The guide is intended to help both first-time and experienced home buyers navigate the home buying process.
This document provides an overview of the home buying process. It discusses determining readiness and affordability, shopping for a home and loan, the roles of real estate agents and attorneys, important terms in sales agreements, and required inspections. Key steps include assessing finances and monthly budget, getting pre-approved for a loan amount, finding an agent to represent your interests, reviewing the sales agreement terms carefully, and arranging inspections for issues like pests or lead-based paint in older homes. Taking time on these initial stages helps ensure finding the right home and loan within one's means.
This document provides information and guidance for home buyers. It discusses hiring a real estate team to represent the buyer and receive a 50% rebate on the buyer's agent commission. It outlines the home buying process, including gathering documents, checking credit, understanding loan types and fees. The document aims to educate home buyers on financing options and making an informed purchase.
This document provides a guide to buying a home. It outlines the key steps buyers need to take, including preparing finances by saving for a down payment, improving credit scores, and getting pre-approved for a mortgage. It also discusses factors to consider when searching for a home, such as condition, size, price, and location. The guide covers making an offer, getting an inspection, closing on the purchase, and settling into the new home. The overall process from beginning the search to moving in is described.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
The document provides information about the home buying process including researching your goals and finances, finding the right home, making an offer, negotiating, inspections, and closing. It discusses trends in the real estate market, working with a lender, costs of home ownership, and tips for different stages of the buying process.
The document provides information about the home buying process including researching your goals and finances, finding the right home, making an offer, negotiating, inspections, and closing. It also includes trends for the local real estate market and tips for working with a lender.
- Buying a home is a major financial decision and commitment that requires navigating a complicated process. The document provides guidance to help buyers feel informed and prepared.
- It outlines preliminary financing concerns like estimating purchasing power based on income, credit, expenses, down payment, and interest rates. It also provides steps to review credit reports, financial documents, and to talk to a lender.
- The document reviews mortgage types, terms, fees, and questions for buyers to ask lenders to better understand financing options and select the best loan. It also discusses down payment amounts and private mortgage insurance.
Thinking of buying a home in Richmond Virginia area? Whether it is your first home, or you have bought a home before this booklet will guide you through the process
The document summarizes common mistakes made by first-time home buyers and tips to avoid them. The top 5 mistakes are: 1) Not asking their lender enough questions to get the best mortgage deal. 2) Not making a quick decision, allowing other buyers to purchase the home first. 3) Not finding the right real estate agent to guide them through the process. 4) Not making their offer appealing to sellers. 5) Not considering resale value when choosing a home since first-time buyers typically stay in a home for only 4 years.
The document provides an overview of the typical steps in the home buying process:
1) Define your goals and research options and financing; 2) Contact a real estate professional; 3) Get pre-approved for a loan; 4) View homes and make an offer; 5) Negotiate with the seller; 6) Secure financing; 7) Close the deal and take ownership. It emphasizes the importance of being well-informed and working with a trusted real estate professional throughout the process.
The document provides an overview of the typical home buying process in the United States. It outlines the main steps as: 1) defining goals and researching options, 2) contacting a real estate professional for guidance, 3) getting pre-approved for a mortgage loan, 4) viewing homes and making an offer, 5) negotiating with the seller, 6) securing financing, and 7) closing the deal. The document also includes a glossary of common real estate terms to help educate home buyers.
1. The document is a presentation on home buying from Bank of America that covers topics like determining if homeownership is right, getting prequalified, understanding credit, affordable mortgage programs, and the home buying process.
2. It provides information on calculating how much home buyers can afford and borrow, the importance of credit for getting approved, and resources for homebuyer education and counseling.
3. Bank of America promises personal service and affordable loan options to help buyers achieve their goal of successful homeownership.
This document provides a guide for buying a home. It outlines the necessary preparations, including saving for a down payment, improving your credit score, and getting pre-approved for a mortgage. It describes factors to consider when searching for a home, such as condition, size, price, and location. The guide also explains the process of making an offer, getting an inspection, closing on the purchase, and settling into the new home. The overall document serves as a comprehensive overview of the major steps involved in the home buying process.
This document provides an overview and guide to mortgages from Chicago Bancorp. It begins with an introduction to Chicago Bancorp and what they offer. It then outlines the basic loan process in 3 steps. Next, it explains the pre-approval process and compares it to pre-qualification. It also provides information on shopping for a home, the approval process, common loan programs including fixed rate, adjustable rate, FHA, VA, and Jumbo loans. Additionally, it defines what makes up a monthly mortgage payment and provides a good faith estimate and closing costs worksheet. Finally, it concludes with a glossary of common mortgage terms.
This document provides information about the home buying process, including the typical steps involved and common questions homeowners may have. The 10 steps outlined are: researching the area, calculating an affordable budget, getting pre-approval, making an offer, starting paperwork like reviewing contracts, organizing insurance, arranging inspections, exchanging contracts, considering a cooling-off period, and completing settlement. It also answers frequently asked questions and provides a glossary to explain common real estate terms. The overall guide aims to help potential homeowners understand what is involved in purchasing a property.
This document provides an overview of the home buying process from the perspective of a real estate agent, Jewel K. Stockli. It outlines the typical steps in buying a home, including obtaining financing, viewing properties, making an offer, inspections, and closing. It also discusses the agent's role in guiding clients through the process and providing services like connecting clients to lenders and home warranty programs. The document is intended to educate home buyers on working with an agent and navigating the home buying process.
The document provides a guide for buying a home in 2016. It outlines the steps home buyers should take, including preparing finances by saving money, improving credit scores, and getting pre-approved for a mortgage. It also discusses factors to consider when searching for a home, such as condition, size, price, and location. Finally, it covers the process of making an offer, home inspections, closing on the purchase, and handling the logistics of moving into the new home. The guide is intended to help both first-time and experienced home buyers navigate the home buying process.
This document provides an overview of the home buying process. It discusses determining readiness and affordability, shopping for a home and loan, the roles of real estate agents and attorneys, important terms in sales agreements, and required inspections. Key steps include assessing finances and monthly budget, getting pre-approved for a loan amount, finding an agent to represent your interests, reviewing the sales agreement terms carefully, and arranging inspections for issues like pests or lead-based paint in older homes. Taking time on these initial stages helps ensure finding the right home and loan within one's means.
This document provides information and guidance for home buyers. It discusses hiring a real estate team to represent the buyer and receive a 50% rebate on the buyer's agent commission. It outlines the home buying process, including gathering documents, checking credit, understanding loan types and fees. The document aims to educate home buyers on financing options and making an informed purchase.
This document provides a guide to buying a home. It outlines the key steps buyers need to take, including preparing finances by saving for a down payment, improving credit scores, and getting pre-approved for a mortgage. It also discusses factors to consider when searching for a home, such as condition, size, price, and location. The guide covers making an offer, getting an inspection, closing on the purchase, and settling into the new home. The overall process from beginning the search to moving in is described.
Similar to Steps to buying a house in Florida (20)
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
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2. I am part of The Caribbean Team servicing those that are ready to make
Florida that home away from home.
In 1980, we moved to Florida and have made it my home ever since. I
have made Real Estate my passion for over 11 years and through my
years of experience I have had the opportunity to help change lives
though home ownership, helping people take the next step in their lives
to also call Florida home.
When you work with The Caribbean Team you are working with a
dedicated team that truly understands the meaning of “setting down
new roots”. I am extremely excited to help you take that next step in
your life by finding the right home for you.
The Caribbean Team, is dedicated to helping make your real estate
dreams come true!
Welcome!
SELLING THE AMERICAN DREAM!
3. VIVIENNE
CUNNINGHAM (321) 231-8487 | homesearchcentralflorida.com | thecaribbeanteam@gmail.com
Finding a
Property
Finding a home that can
suit your current or future
lifestyle and budget.
02
Your Finances
Developing good habits
and reprogramming the
mind in a positive
direction.
01
Mortgage
Approvals
Obtaining a pre-approval letter,
which states that you’re
provisionally approved for a
mortgage loan up to a certain
dollar amount.
04
Making an Offer
Signing a purchase offer, purchase
agreement or letter of intent to
purchase, is a legal document that
outlines the price you’re willing to pay
for the home and the terms and
conditions.
03
Closing Sale
Understanding the “final”
approval process where the
lender will release the funds,
purchase of insurance, signing
documents and getting the key.
05
The Process of Buying a Home
3
4. VIVIENNE
CUNNINGHAM (321) 231-8487 | homesearchcentralflorida.com | thecaribbeanteam@gmail.com
Developing good habits
and reprogramming the
mind in a positive
direction.
Your
Finances
4
ASSESS YOUR FINANCES AND CURRENT
LIFESTYLE.
UNDERSTANDING YOUR MOTIVATIONS AND
YOUR “WHYS”.
CREATING GOOD CONTINUOUS
HABITS.
EDUCATE YOURSELF BY DOING YOUR
RESEARCH.
Understanding where you are financially to find out if
your are really ready to own a home.
Assessing your lifestyle and adjustments you can
make in order to be ready for such a large financial
commitment.
If you have not already, get into the habit of paying your
bills on time because this will look good to the lender.
Paying down your debts approximately 30%.
Checking your credit score regularly and finding out how
you can improve your credit score.
Asking yourself why is it important to buy a home and
motivate your mindset to prepare for your purchase.
When you focus on your motives and your “whys” this
will stimulate the power of thinking things into
existence.
There are great books, Podcasts and YouTube
channels that will help with the information you need
to know.
Asking friends and loved ones about their
experiences.
Take a First Time Home Buyer class.
5. VIVIENNE
CUNNINGHAM (321) 231-8487 | homesearchcentralflorida.com | thecaribbeanteam@gmail.com
Finding a home that can
suit your current or future
lifestyle and budget.
Finding a
Property
5
3. BUDGET.
Buying a home is exciting. It’s also a big financial
commitment. Before you start looking at houses, set a
budget and stick to it.
To figure that out what your budget should be, consider
getting pre-approved for a mortgage. But when you do,
remember that the lender is making a mathematical
calculation and will go by your income to debt..
Remember your mortgage payment isn’t the only expense
you’re responsible for.
1. TYPE OF HOME.
Style — Ranch, Colonial, Cape Cod, Victorian.
There’re a lot of different home styles to choose from.
Single-family home, Townhouse, Condo or Apartment
4. LOCATION.
What locations characteristics are important to you?
City. The proximity to shopping, restaurants, grocery stores,
entertainment and public transportation.
Suburbs. The middle ground. Trade in the hustle and bustle
of the city for quieter neighborhoods and more space.
Rural. Ah, the country life. The peace, quiet, and space! The
lower real estate prices! What’s not to like? Well, there’s the
huge lawn to mow, the critters running through the property,
and the time it takes to drive to the grocery store.
2. NEIGHBOURHOOD.
Safety. Some websites will offer crime statistics by
area or check with the local police department.
School district. Homes in good school districts
typically have higher property values. Look up ratings
of schools in the area and check out online reviews or
talk to parents in your preferred area.
Activities. The proximity to parks, trails, playgrounds,
pools or playing fields.
Setting your budget and deciding where
you want to live is just the beginning
when it comes to choosing a home.
6. VIVIENNE
CUNNINGHAM (321) 231-8487 | homesearchcentralflorida.com | thecaribbeanteam@gmail.com
Signing a purchase offer,
purchase agreement or letter of
intent to purchase, is a legal
document that outlines the price
you’re willing to pay for the
home and the terms and
conditions.
Making
an Offer
6
OR
PURCHASE AND SALE AGREEMENT LETTER OF INTENT
You can’t buy a house without first making an offer on it. A purchase offer, also known
as a purchase agreement or letter of intent to purchase, is a legal document that
outlines the price you’re willing to pay for the home, the terms and condition, how you
intend to pay for it, and other key terms of the transaction.
7. VIVIENNE
CUNNINGHAM (321) 231-8487 | homesearchcentralflorida.com | thecaribbeanteam@gmail.com
Signing a purchase offer,
purchase agreement or letter of
intent to purchase, is a legal
document that outlines the price
you’re willing to pay for the
home and the terms and
conditions.
Making
an Offer
7
PURCHASE PRICE
DESCRIPTION (INCL. FIXTURES & APPLIANCES)
EARNEST MONEY
CONTINGENCY
BUYERS ACCESS AT CLOSING
This outlines the total price the buyer is willing to pay for the property, the down payment (cash at closing) amount, the
amount to be financed, and the financing method (such as a conventional, USDA,VA or FHA mortgage).
The earnest money deposit shows that the buyer is serious about purchasing the house. The amount, usually about 1%
of the total offer price, is spelled out in the offer and in the form of a personal check ,cashier’s check or a wire. If the
transaction closes successfully, the earnest money is credited at closing (reducing total closing costs). If the transaction
falls through, the earnest money may or may not be refundable, depending on state law and whether the offer includes
specific language about when the deposit must be refunded.
This section describes any and all fixtures, appliances, mechanical items, personal property, and other “appurtenances”
to be included in the property’s sale at no additional cost. Common examples include kitchen appliances, HVAC
equipment, outbuildings, garden plants, smoke detectors, and light fixtures.
A contingency clause is attached to an offer to purchase a property. This would include financing and negotiating the
right to an inspection and appraisal. Essentially, a contingency clause gives parties the right to back out of the contract
under certain circumstances that must be negotiated between the buyer and seller.
This section stipulates the closing date, or the day the transaction is finalized. It also stipulates when the home is to be
delivered by the seller to the buyer – in other words, when the buyer can move in. Most often, the closing and delivery
dates are identical. Both dates can be pushed back if loan approval, property modifications, or other transaction
components take longer than expected.
8. VIVIENNE
CUNNINGHAM (321) 231-8487 | homesearchcentralflorida.com | thecaribbeanteam@gmail.com
Signing a purchase offer,
purchase agreement or letter of
intent to purchase, is a legal
document that outlines the price
you’re willing to pay for the
home and the terms and
conditions.
Making
an Offer
8
YOU SHOULD FULLY UNDERSTAND
THE FOLLOWING:
1
2
3
4
5
6
7
8
9
10
The components of your purchase offer you
agent can help to guide you.
You should always have contingencies on
the contract.
How to craft a strong offer within the
constraints of your local real estate market
and personal situation.
Key Components of a Purchase Offer.
Order a Comparative Market Analysis.
How to respond to any counteroffers by the
seller.
Consider Time on Market and Other Market
Indicators.
The Seller’s Motivations.
Are There Other Offers On The Property.
Consideration Window.
9. VIVIENNE
CUNNINGHAM (321) 231-8487 | homesearchcentralflorida.com | thecaribbeanteam@gmail.com
Obtaining a pre-approval letter,
which states that you’re
provisionally approved for a
mortgage loan up to a certain
dollar amount.
Mortgage
Approval
9
PRE-APPROVAL
CREDIT REPORT
LOAN APPROVAL LOAN ESTIMATE (LE)
MORTGAGE UNDERWRITER
COMMITMENT LETTER
PRE-CLOSING
APPROVAL
PROCESS Increases the likelihood that your
loan application will be approved.
You will need to provide evidence
of your ability and willingness to
repay debts.
An approval is a lender deciding
that, based on the financial
information you provide, you’re a
good candidate for a mortgage.
The Loan Estimate is the lender's
best estimate of your closing
costs.
Your lender creates a loan file with
all required information and passes
that file on to an underwriter.
To ensure all loan requirements are
met.
A promise from the lender to the
borrower that the loan will be
honored.
The final step once the loan is
approved.
10. VIVIENNE
CUNNINGHAM (321) 231-8487 | homesearchcentralflorida.com | thecaribbeanteam@gmail.com
Understanding the “final”
approval process where the
lender will release the funds,
purchase of insurance, signing
documents and getting the key.
Closing
Sale
10
PURCHASE INSURANCE
RELEASE OF FUNDS
GET THE KEY
MOVING IN
Before the closing is
scheduled, you will order
homeowners insurance,
which covers for
damages or losses
caused by things like
theft, fire, vandalism or
wind.
At the closing, your
lender will release the
funds you borrowed to
purchase the property
and you will send
additional funds by a
wire to cover the
balance of the down
payment and the closing
costs.
When the balance of
your loan is fully
funded, you can get
your keys.
The loan is officially
closed – and you
move into your new
home!