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Buying With Adam
Adam has an exceptional track record of assisting buyers in successfully securing their desired properties, even in highly competitive scenarios. He consistently achieves remarkable results, often obtaining acceptance for his clients' first offers, eliminating the need for excessive offers. Leveraging his extensive network, Adam also provides access to off-market opportunities, enabling buyers to acquire homes with minimal competition. Rest assured, Adam's expertise ensures that he negotiates the best possible price and terms when representing his buyers.
Process To Buy A Home
Start your home-buying journey with Adam, your dedicated guide to finding the perfect property. With his extensive experience and unwavering commitment to client satisfaction, Adam simplifies the process, ensuring an enjoyable and stress-free experience from start to finish.
Step
01
Obtain Pre-approval
The Significance of Pre-Approval
Securing pre-approval is a vital step in the home-buying process, offering an accurate assessment of your affordability and enabling you to obtain financing for your purchase. The advantages of pre-approval include:
- Gaining a clear understanding of your financial position
- Determining your home affordability range
- Strengthening your negotiating power when making an offer
With a pre-approval letter, sellers perceive you as a prepared and committed buyer, giving you a competitive edge.
The Pre-Approval Process
To get started with the pre-approval process, you will need to provide your lender with the following documents:
Income
- Current pay stubs (last 2 months)
- W-2s or 1099s (last 2 years)
- Tax returns (last 2 years)
Assets
- Bank statements
- Investment/brokerage firm statements
- Net worth of businesses owned (if applicable)
Debts
- Credit card statements
- Loan statements
- Alimony/child support payments (if applicable)
Step
02
Choose Your Agent
Select a Top-Rated Real Estate Agent or Team
The selection of the perfect real estate agent is a pivotal choice that impacts the duration of your home search and the ultimate price you pay. A well-connected and seasoned agent can expedite your quest for your dream home and negotiate a deal that leaves you fully content. Engaging a professional agent who prioritizes exceptional customer service can greatly enhance your home-buying journey.
Adam takes great pride in delivering a concierge buying experience. Select Adam as your representative, and he will skillfully navigate you through the home-buying process with seamless ease.
Step
03
Home Search Begins
Let the official start of your home search commence! Taking your budget into account, Adam will provide you with a selection of available homes that align with your preferences. He will accompany you on home tours, ensuring all your questions and concerns are addressed. When you find a home you adore, the process of making offers and skillful negotiations will commence.
Step
04
Making An Offer
Various factors influence a home's market value, and Adam will provide the insight and information you need to make a confident offer. Factors that Influence the Market Value of a Home:
- Time on the market
- Price reductions
- Comparable market analysis
- Multiple offers
- Included items in the sale
- List-to-sale price ratio
- Seller's reasons for selling
- Assumable loan or financing
Once the offer is written, we'll present it to the seller's agent. The seller can then accept, reject, or counter the offer to initiate the negotiation process. Adam will work with you to devise a strategy ensuring the most favorable terms and acceptable pricing for your budget, taking into consideration all the relevant factors mentioned above.
Step
05
Enter Into Contract
After the seller accepts your offer, congratulations are in order. Adam will inform you that you are now officially in contract! The loan process will commence, and any contingencies outlined in your contract must be fulfilled within the designated timeframe. These contingencies typically include inspections, appraisals, and obtaining financing approval. Throughout this period, your initial earnest money deposit remains protected. Once these contingencies are released, it signifies your satisfaction with the specified conditions. It is crucial to have a trusted loan advisor to ensure timely adherence to these deadlines.
Step
06
Submit Your Loan
Upon receipt of your ratified contract, the lender will send a copy to an Underwriter for thorough review. Once you enter the escrow phase, you will collaborate with the Escrow Officer to provide any required fees or terms. The Escrow Officer will provide instructions on where to submit your initial earnest money deposit, which serves as a tangible demonstration of your commitment as a buyer. This deposit, typically a percentage specified in your purchase contract, will contribute towards your down payment.
The lender will engage in discussions with you regarding the option to lock in your interest rate. They will also furnish disclosure forms that require your signature. These disclosures encompass vital information, such as:
- Lender laws and regulations
- Loan terms and conditions
- Details regarding closing costs and prepaid items
Once you have signed the disclosures, the lender will collaborate with a Loan Processor to compile your file for submission to the Underwriter. The Underwriter will meticulously review the file, evaluating all aspects of your loan application.
Step
07
Order An Appraisal
Upon entering into a contract, the lender will initiate the process of ordering your appraisal. If needed, Adam can oversee and expedite the appraisal procedure on your behalf. It's important to note that you will be responsible for paying for the appraisal upfront.
Once the Appraiser inspects your home, they will prepare a final report that includes the appraised value. Typically, this report is sent to both you and the lender within a few days after the inspection. We will thoroughly review the appraisal with you and address any questions or concerns you may have about the report.
The appraisal, along with your complete loan file, will then be submitted to the Underwriter for a comprehensive review and evaluation. The Underwriter will carefully assess the appraisal and other relevant documents as part of the overall loan review process.
Step
08
Loan Underwriting
The Underwriter, responsible for evaluating your financial documents, will carefully analyze your loan file to assess its overall strength and risk. This assessment includes a review of your credit history, assets, income, and debt-to-income ratios to ensure compliance with lender and investor guidelines. Upon thorough examination of your loan file, the Underwriter will make a decision to approve or deny your application.
If your application is approved, the lender will provide a list of conditions that need to be fulfilled for your loan approval. These conditions may include verifying your tax filing records with the IRS, validating employment information, and receiving the completed appraisal. It is crucial to promptly provide the requested conditions to the lender so that the Underwriter can review and sign off on them.
Step
09
Signing Documents
Once the Underwriter receives your final loan conditions and completed appraisal, they will clear your file for closing. The lender will then confirm the final terms of the loan and proceed to order your loan documents, which will be prepared for your signing appointment. The signing appointment will be arranged with either the Escrow Officer or a licensed notary.
Within the last five days before closing, you will conduct a final walk-through of the property to ensure it remains in the same condition as when you made your offer, with any agreed-upon repairs completed.
Once all contingencies are met, your Escrow Officer will compile your documents into a funding package, which will be returned to your lender and assigned to a Funder for review. The Funder will address any remaining loan conditions and sign off on them. When the loan is ready to fund, the Funder will wire the final loan figures to the Escrow Officer, who will then disburse the funds to the appropriate parties.
Step
10
Receiving Your Keys
Typically, your loan documents are officially filed and recorded with the county one day after funding. Adam will notify you as soon as your loan is on record. Once this milestone is achieved, you will become the official owner of your new home. You can then coordinate with Adam to arrange the pickup of your keys. Congratulations on becoming a homeowner!
The Numbers
Experience, dedication, and proven success distinguish Adam from other real estate agents in South Florida. His impressive track record underlines his exceptional performance, instilling confidence in clients that they're in capable hands when choosing Adam as their South Florida Realtor.
Years of Experience
Adam brings more than 5 years of experience in the South Florida real estate market, providing clients with unparalleled insights and understanding of local market trends and nuances.
Buyer & Seller Sales
Adam has proven his ability to successfully navigate the complex South Florida real estate market on both sides of the table.
Purchases, Rentals,
& Investments
Having facilitated all types of transactions, Adam is well rounded to meet your needs and timeframes.
South Florida Native
Currently living in Boca Raton. Lived in Fort Lauderdale for several years. Grew up in Miami.
Top-Tier Negotiator
Every transaction is unique and requires someone with the negotiating skills to identify and execute the best price for his clients.
Marketing Professional
With a degree in Marketing, Adam is highly educated and skilled to get your property the best visibility and exposure.
Market Expert
With the dynamic market of South Florida, Adam is always up to date with all trends and strives to remain ahead of the curve.
New Construction
New Construction can be tricky, but working with a professional with experience will strengthen your approach and keep you at ease.
Client Network
As a REALTOR and business professional, Adam has developed an esteemed network of likeminded professionals and vendors for all of your Real Estate needs.
Client Testimonials
Hear firsthand from the individuals who have experienced Adam's exceptional service and dedication. With glowing reviews and meaningful stories, Adam's client testimonials provide valuable insight into the personalized attention and commitment to success that Adam brings to each and every transaction.
