Coral Gables Real Estate Home-buying In 10 Easy Steps

Whether you're a first-time homebuyer or home-buying pro on the lookout for the next investment

, the basics of buying a home remains unchanged. It doesnt even matter if you're either in a buyers or sellers market because youre sure to survive if you know the proper ways of buying a home. And if you're in Miami looking for a Coral Gables real estate property, fret not. Here is your easy, to-the-point survival guide in home-buying.

1. Pick the neighborhood

The neighborhood is important. And since you're choosing the Coral Gables real estate, youll find several good areas in The Gables.

2. Get your financial ducks in a row

Gather your financial documents and apply for a pre-approval. Be sure to shop around for the best terms and always consult your broker for the best mortgage option that you can commit to in the coming years.

3. Know what you want

Before searching for houses, make sure you know just what type and style you want. Coral Gables real estate is laden with several different types of properties. From single-family homes with moderate-sized yards to sprawling multi-family estates perfect for large families, youre sure to get plenty of options to choose from.

4. Choose an outstanding agent

Dont choose just any agent. If you're a first-time homebuyer, its important to choose the right agent who will help you with your house-hunting needs; someone who will have your best interests at heart.

5. Go online

Even if you're not a web-savvy buyer, you can still use your basic knowhow of the internet to gather prospective houses. There are a lot of websites that can help you find the house you want. You can even check for websites that is based in the city.

6. Keep tabs

Dont settle on two properties. An average homebuyer looks at an average of two houses each week for eight weeks. This can be confusing, so remember to keep a journal and keep tabs on the house. List the best and worst properties for later reference.

7. Research foreclosure

If you're looking at foreclosure homes for affordability, be sure to approach carefully. Research all you can about the process and get acquainted with the risks involved.

8. Review your candidates

Once youre ready to buy and got everything (mortgage, other expenses, etc.) ready, its time to review your candidates. Visit them again and zero-in on the right choice.

9. Crunch the number

Sit down with your agent and put everything into account when getting the market value of the house.

10. Ready your offer

After months of searching and picking, its time to make an offer on the Coral Gables real estate property. But before you do, make sure youve finished number 9 and got the houses market value. Dont forget the inspection and appraisal!

Mark Michael Ferrer

Coral Gables Real Estate

by: Mark Ferrer

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