Guide to First Time Home Buyers

1
(No Transcript)
2
Most first time buyers almost always expect that
buying houses for sale in Boynton Beach is as
simple as your everyday shopping where you go and
pick a house, have the seller accept your offer,
you sign your name on a few dotted lines and you
get the house keys in a few minutes. Contrary to
popular belief, acquiring homes for sale in Boca
Raton is one long and complicated process that
culminates in the closing of a successful sale
before ownership is transferred. When all things
are good, you can expect this process to take
between four and six weeks at the very least from
the time the seller house for sale in Boynton
Beach accepts your offer there will be other
processes involving inspection, appraisal and
getting financing.
3
Beyond the down payment When most people go out
to look Boca Raton homes for sale the only think
that rings in their minds is the down payment as
what they will require to pay from their savings
please take note that you will also be paying
other fees and costs. Such fees will include
third party charges like appraisals, credit
reports, lawyer fees etc. This will typically
amount to about six percent of the total loan
even though the closing costs will differ from
one state to another or from transaction to
transaction. You have leverage in bargaining with
the seller but you cannot postpone any of these
payments which must be paid at closing.
4
Closing the sale and making transfers Once you
have finalized issues with your mortgage lender
for the homes for sale in Boca Raton FL that you
are interested in, you will be required to buy
homeowners insurance and make plans for the
transfer of utilities there will be other
parties in the transaction that will also be
completing their own tasks. If during the
negotiation the seller agreed to do any pending
repairs after the inspection, they will be busy
doing their part even as they alert the utility
companies about the changes and settling their
final bills. There are also other tasks that will
need to be completed by the closing agent, the
real estate agents, the Title Company and many
other parties.
5
The practice of patience When you are closing
the process for boca raton real estate you need
to remember to bring along the original purchase
contract, a current drivers license or passport
that will be used to confirm your identity. Your
lender may also require confirmation that you
have already purchased homeowners insurance. As
much as possible, you need to try and set this
meeting early in the day because it almost always
takes longer than expected you can be sure that
you will spend a few hours signing the huge stack
of papers.
6
Signing documents During the closing process for
Boca Raton homes for sale you will be signing a
number of documents take some extra caution
reading between the lines for any unexpected
terms, incorrect amounts, misspelled names and
wrong addresses before you can append your
signature.
7
www.poshflorida.com