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We hope this itemized list of the various steps involved in Buying a Home will help to make your home buying experience with us a smooth and pleasant one.

Preliminary Steps

bulletAgency Disclosure Form
bulletPre-qualification Form to check credit, income, etc. & see how much you qualify for.
bulletLook for properties in your price range & desired area.
bulletSelect the Home of your choice
bulletMake offer on property, you will need $500.00 - $1,000.00 for a Deposit

Getting into Contract

When making an offer on a property the Sellers can either accept your offer or make a Counteroffer.  This is part of the negotiating process.  Once an agreement on price and other terms are agreed upon by all parties and signed by all parties you have an executed contract.

Steps Involved on the Road to Closing

bulletMortgage Application - You will need the following:
  1. Last 4 weeks of pay check stubs
  2. Last 3 months of bank statements
  3. Last 2 years Tax returns and W-2 statements
  4. If no credit - 3 letters of credit reference for alternative credit needed
  5. Money for appraisal (Approx. $400.00)
  6. Money for full credit report (Approx. $65.00 per person)
bulletHome Inspection - Not Mandatory but Highly Recommended (Approx. $200.00)
bulletWe will consult with you and your lender in ordering the following:
  1. Appraisal
  2. Survey
  3. Title Insurance Policy
  4. Wood Destroying Organisms Inspection (Termite Report)
  5. Homeowners Insurance

Final Steps

bulletFinal walk thru of the property at least 10 days before closing
bulletReview of HUD Statement (Settlement or Closing Statement)
bulletBalance of closing costs and down payment needs to be in the form of a Certified or Cashier's Check
bulletEach Buyer needs to bring to closing a Driver's License or State Issued Identification
bulletAbout 10 weeks after closing you will receive your Warranty Deed in the mail.
bulletDON'T FORGET TO APPLY FOR HOMESTEAD EXEMPTION!  This will save you money on property taxes!

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Copyright © 2003 Florida Quality Homes & Investments Inc.
Last modified: 06/13/07

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