FROM MORTGAGE TO MOVING TRUCK:
A FIRST TIME HOMEBUYER'S GUIDE
5 areas of info & tips for buying your rst home!
Buying your rst home?
Read this to get all of the insider info and make your journey from mortgage to moving truck one to enjoy!
Get a FREE Home Value Update at : DianaV.FreeValues4Home.com
Diana Villarreal
Managing Broker
Xclusive Homes LLC www.xclusivehomesrealty.com diana@xclusivehomesrealty.com
Phone: 239-641-9379 , Of ce: 239-228-6242 License: BK3182050, FL
Message and data rates may apply.If your property is now listed with a REALTOR® or Broker, please disregard this offer, as it is not our intention to solicit the offerings of other REALTORS® or Brokers. The information contained herein is deemed reliable but is not guaranteed.Message and data rates may apply.
FROM MORTGAGE TO MOVING TRUCK: A FIRST TIME HOMEBUYER'S GUIDE
1
For most people, the rst huge purchase you make in your life is a home. As a rst time homebuyer, there are a ton of questions to ask and pitfalls to avoid.
This guide will break down some of the key
points you need to know from money to
moving and get you on your way to owning
your own place.
WHAT'S INSIDE:
BASIC STEPS MONEY TIMELINE TASKS MOVING
2 3 4 5 6
Diana Villarreal
Managing Broker
Xclusive Homes LLC www.xclusivehomesrealty.com diana@xclusivehomesrealty.com
Phone: 239-641-9379 , Of ce: 239-228-6242 License: BK3182050, FL
FROM MORTGAGE TO MOVING TRUCK: A FIRST TIME HOMEBUYER'S GUIDE
2
BASIC STEPS
Let’s start at the beginning.
Here is a bird’s eye view of all of the steps you’ll go through when purchasing your rst home.
Research
1
Calculate
2
Preapproval
3
REALTOR®
4
Shop
5
Offer
6
Inspection
7
Loan
8
Appraisal
9
Closing
10
Diana Villarreal
Managing Broker
Xclusive Homes LLC www.xclusivehomesrealty.com diana@xclusivehomesrealty.com
Phone: 239-641-9379 , Of ce: 239-228-6242 License: BK3182050, FL
FROM MORTGAGE TO MOVING TRUCK: A FIRST TIME HOMEBUYER'S GUIDE
3
MONEY
Here is an overview of all of the little details and big picture items you need to check off to get nancing for your rst home.
TERMS TO LEARN
•APR: Annual Percentage Rate •Conventional Loan
•Closing Costs
•Down Payment
•Escrow row-alt
•Net Income
• Pre-Approval
• Pre-Quali cation
DOWNPAYMENT ASSISTANCE:
You may be eligible for:
VA Loans Teacher Grants FHA Loans USDA Loans
LOAN PROCESS:
1.Pre-approval (DTI ratio & how much you can afford)
2.Find a home and make an offer that's within your budget
3.Purchase agreement underwriting (your nances are veri ed)
4.Appraisal and inspection through the lender
5.Depending on appraisal amount, underwriting is nished and all parties can schedule a
closing.
Note: you may be responsible for closing costs!
Diana Villarreal
Managing Broker
Xclusive Homes LLC www.xclusivehomesrealty.com diana@xclusivehomesrealty.com
Phone: 239-641-9379 , Of ce: 239-228-6242 License: BK3182050, FL
FROM MORTGAGE TO MOVING TRUCK: A FIRST TIME HOMEBUYER'S GUIDE
4
TIMELINE
How long does it take to buy a new home?
There are a ton of factors that will make every situation unique. However, in an ideal world, your timeline could look something like this.
01
03 05
07
YOU FOUND ME
TIMELINE:1-2 WEEKS
LIST OF HOME CRITERIA
TIMELINE: 1 WEEK
OFFER & NEGOTIATIONS
TIMELINE: 1-2 WEEKS
WAIT FOR APPRAISAL
TIMELINE: 1-2 WEEKS
02
04 06
08
MORTGAGE PRE-APPROVAL
TIMELINE:1-2 WEEKS
HOME SHOPPING/SHOWINGS
TIMELINE: 1-8 WEEKS
LOAN APPROVAL
TIMELINE: 1-2 MONTHS
HOME INSPECTION
TIMELINE:1-2 WEEKS
Your closing should be a single meeting to sign nal paperwork.
Once that's done:
the home is yours!
Diana Villarreal
Managing Broker
Xclusive Homes LLC www.xclusivehomesrealty.com diana@xclusivehomesrealty.com
Phone: 239-641-9379 , Of ce: 239-228-6242 License: BK3182050, FL
FROM MORTGAGE TO MOVING TRUCK: A FIRST TIME HOMEBUYER'S GUIDE
5
HOMEOWNER RESPONSIBILITIES
There are a lot of experts on deck when you buy your rst home. Loan of cers, REALTORS® and other professionals are going to help you out. But there are still some things on your list. Don't forget that, as a new homeowner, you're responsible for items like the following.
Have nancial records (proof of income, tax history, etc.) available for submission.
Learn mortgage terms and understand the rates you are being offered. Keep paperwork or copies of eDocs from all transactions and agreements. Arrange downpayment or downpayment assistance.
Attend scheduled meetings, such as with a loan of cer or home showings. Decide what you want and need in a home.
Communicate with your REALTOR®.
Handle pre-offer tasks.
Be involved with home inspection and other assessments.
Take part in negotiations during the offer process that include things like home repairs and closing costs
Know what you're expected to bring to closing.
Make moving arrangements.
Diana Villarreal
Managing Broker
Xclusive Homes LLC www.xclusivehomesrealty.com diana@xclusivehomesrealty.com
Phone: 239-641-9379 , Of ce: 239-228-6242 License: BK3182050, FL
FROM MORTGAGE TO MOVING TRUCK: A FIRST TIME HOMEBUYER'S GUIDE
6
MOVING
Here are some answers to frequently asked questions about moving into your newly purchased home.
HOW SOON CAN YOU MOVE INTO A NEW HOME?
As soon as you have left the closing table, the home is yours! You can schedule moving as fast as the day you close.
SHOULD YOU PAY A MOVING COMPANY?
Maybe. Moving can be extremely physical and challenging.
If you're not up to it, paying a company to pack and unpack your belongings may be the right move.
ARE THERE ANY HIDDEN COSTS AT THE END?
Some possible costs a rst-time homebuyer may not know about include hiring professional cleaners, moving company/rental costs, paying to make extra keys or change locks and any immediate repairs.
DO YOU NEED A MOVE-IN CHECKLIST?
No matter how organized you are, moving day can be hectic and full of details. A move-in checklist may help you (and everyone helping) be sure nothing is missed.
Diana Villarreal
Managing Broker
Xclusive Homes LLC www.xclusivehomesrealty.com diana@xclusivehomesrealty.com
Phone: 239-641-9379 , Of ce: 239-228-6242 License: BK3182050, FL
FIRST TIME HOMEBUYER'S RESOURCES
READY TO GET STARTED?
Reach out and learn more about how to get the process started and nd the best new home for you!
Get a FREE Home Value Update at : DianaV.FreeValues4Home.com
Diana Villarreal
Managing Broker
Xclusive Homes LLC www.xclusivehomesrealty.com diana@xclusivehomesrealty.com
Phone: 239-641-9379 , Of ce: 239-228-6242 License: BK3182050, FL
Message and data rates may apply.If your property is now listed with a REALTOR® or Broker, please disregard this offer, as it is not our intention to solicit the offerings of other REALTORS® or Brokers. The information contained herein is deemed reliable but is not guaranteed.Message and data rates may apply.