Buying A Home
Let’s face it… buying a home can be as stressful as it is exciting. When you are house hunting be sure you have a qualified real estate agent on your side.
Are you looking to buy a new home in Hernando, Pasco, Citrus, Hillsborough, Pinellas, or the Tampa Bay area? Contact us and we can help you find the perfect dream house for your family!
Working With The Right Real Estate Agent Can Be The Key To A Successful Home Buying Experience
Top 10 Do’s and Don’ts When Shopping for and Buying a Home
- Do get pre-approved before you start shopping.
- Do realize your lender is working for you to help achieve your dream of ownership.
- Do fully disclose all financial information.
- Do provide documentation to your lender in a timely manner.
- Do keep credit balances low to maximize credit potential.
- Don’t make any large purchases on credit (cars, furniture, etc.).
- Don’t change employment.
- Don’t miss any payments on any debt.
- Don’t make any deposits that cannot be sourced.
- Don’t apply for new credit.
First Time Home Buyers Programs
Check out some of the First Time Home Buyers Programs available in our area.
Hernando County SHIP Program
Hernando County Housing Authority
Pasco County SHIP Program
Home Closing Do’s and Don’ts
Remember to bring two forms of identification
You need to bring one government issued photo ID (driver’s license, passport, etc.) as well as something with your name on it (Social Security card, credit/debit card, insurance statement, etc.). Your photo ID cannot be expired. If you bring an expired license or passport, you will not be able to close.
Set a payment reminder for your first payment
There will be a first payment form in your closing package. Typically, your first payment will be a check that you will have to mail. After your first payment, you will be provided with information to set up automatic payments to the lender.
A Certified Check or Wire Transfer will be needed
Most closing companies will not accept personal checks or money orders. You will need to get a cashier’s check for the amount indicated on your Closing Disclosure. In some states, you may also be required to use a money wire.
While the seller and buyer are not required to show up and sign at the same time, all parties on the loan (and their spouse, if applicable) must show up to sign their loan documents.
Ask your loan originator
If you have any questions at all, please contact the loan originator.
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Don't fill out any mail requesting your closing information
This information is not requested through mail.
Don't send money for a copy of your deed
A copy will be mailed to you once the deed is filed.
Don't be rushed
The closing process is not incredibly lengthy, but you should be prepared to spend some time at closing. There are a quite a few papers to sign. You have the opportunity to review your closing documents before signing, which many people wish to do. You can expect to spend about an hour in closing, but you may need additional time if you have any questions for the closing agent.
Don't forget to apply for a homestead exemption
Technically, this is something that is done after closing, but it’s important. A homestead exemption saves you money on your property taxes, so don’t forget to apply after you close.
Don't forget the little things
In the whirlwind of closing, receiving your house keys, packing, moving, unpacking, and getting settled, some of the smaller things can be forgotten. Remember to update your address with the post office and change your utilities in your new home to your name. Save your closing documents. You should scan them as an e-doc, as well as keep the physical copies. Update your voter’s registration, driver’s license, and your motor vehicle registration.
Palmwood Realty Featured Listings
Interested in one of our featured listings? Feel free to contact us for more information.