Buying or selling a home in Port Charlotte? The McGuire Group can help.

Purchasing a home is an intimidating event for most people, but it's not that hard with some up-front planning. I like to supply buyers with a road map of the entire deal so they'll know exactly what they can expect. Below are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to address questions you have about this information.

Step 1 – Prepare to purchase a home
There are many things you'll want to consider prior to beginning your home search. You'll want to create a checklist of must-haves, get a feel for what neighborhoods and school districts you want to live in, and start planning around your budget. Keeping your mortgage payment less than a third of your net monthly income is a good rule to adhere to.

Step 2 – Speak with a real estate agent
This is where The McGuire Group can help. We can set up a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll discuss everything from neighborhoods, school districts in the Port Charlotte area, the mortgage industry, to any other economic factors that could affect your purchase today or in the future.

I'll also assist you in getting started on your loan. The McGuire Group works with some of Port Charlotte's best mortgage professionals, so you're in great hands. They will help you figure out which type of loan is best for you, as well as help you get qualified.

Step 3 – Start your home search
After our first meeting, I'll begin finding houses on the market that are a great fit for you. I'll get a sneak peek of many of the houses and ignore the bad ones, and then we'll schedule appointments to view the homes whenever it's convenient for you.

When we tour the homes, I'll point out positive features, as well as negative ones. I'll even ask you to point out what things you like and don't like. As a rule, buyers revise their must-have list as we tour homes and some items become more necessary than others. If such is the case, I'll go back through the listings one more time and trim it down to the home of your dreams.

Step 4 – Know the housing market
My awareness of the Port Charlotte home market is a crucial aspect in your house search. I'm familiar with all the neighborhoods and school districts, and I will alert you to certain areas are "hot" and demand prompt action and others that are "cold" and allow for cautiousness.

When we view houses, I'll let you know when the seller's list price has room for bargaining and also when I believe the home is "priced to sell." Be careful and make sure you ask lots of questions, as any real estate agent will tell you they truly understand the market. If things don't add up, call me at 941-702-HOME (4663) or e-mail me at , and I'll be more than happy to answer your questions. My knowledge of the market will keep you a step above the rest throughout the entire process.

Step 5 – Find your dream house
We'll find the house of your dreams in the Port Charlotte area, and when we do, I'll thoroughly develop your purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are getting financing, finishing the home inspection, and a clear title.

Upon turning in your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property and is often put towards the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals aren't closed on the first offer. It's really common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing constraints. And when it's all said and done, we'll create a contract that works well for you.

Step 7 – Secure financing
After the contract is finished, you'll begin working with your mortgage lender to close the loan. It won't take long at all if you've been pre-qualified, but you'll need to stay in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) of your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of accepting your loan application. The estimate depends on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a precise range of accuracy. I'll study the estimate and let you know if everything looks adequate.

Then it's time to close on your house. This should occur at a title company or escrow office and is often a smooth and calm affair.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just call me at 941-702-HOME (4663) or e-mail me at .

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