Step 1: Assess your financial situation
Before you start looking for properties, it is essential that you know how much you can invest. This includes reviewing your savings, income, debts, and whether you qualify for a mortgage loan.
Step 2: Get a bank pre-approval
A pre-approval letter shows that you're ready to buy and gives you more negotiating power. In addition, it shortens the times when closing the deal.
Step 3: Seek professional advice
Having a local real estate agent saves you time, money, and mistakes. At Real Realty Miami we help you find properties that fit your needs, budget, and goals.
Step 4: Choose the right property
Once you've defined your budget, it's time to explore options. Think not only about aesthetics, but also about location, connectivity, security and potential for resale or rental.
Step 5: Make an Offer and Negotiate
Your agent will help you present a solid offer and negotiate with the seller. Be sure to include protective clauses such as property inspection and title review.
Step 6: Closing and Documentation
Once the offer is accepted, inspections are conducted, the final contract is signed, and the property is transferred. Taxes and associated fees are also paid at this stage.