Buying a home in the Stuart FL area can be a daunting undertaking. With the right preparation, your home buying experience can be smooth sailing and even fun with the right information and assistance. Schedule your free consultation today with the Mona Leonard Group. We'll walk you through the entire process and get you in a strong negotiating position. Buying a home in the Stuart FL area can be easy and stress free with the right Realtor.
As your real estate consultants, we can help streamline the process of buying, making it easier for you. We're Top Pro Negotiators and aligned with top professionals in the industry to successfully assist you in making an offer for purchase. Correctly valuing properties is what we do best. When you know what a property is worth in today's market, you can negotiate a better purchase price.
Take a look at one of the best reasons now is a great time to buy. This is a 30 year history of interest rates for home loans. It's never been better than now to buy!
More about what to prepare for when buying a home...
Once an offer has been accepted, we facilitate the process to transact the closing. By working closely with mortgage brokers, title and escrow companies, home inspectors, appraisers, attorneys, accountants, moving and home warranty companies, we provide the best service possible. Making it look easy for you means we've succeeded in helping you achieve your real estate goals and made the experience a pleasant one.
Create a custom market report to see what’s active, under contract, and sold in the neighborhoods that interest you. If you want to sell or refinance your your current home Get an INSTANT property valuation now!
To find out how we can save you money through the buying process Contact us today to request our Buyer's Guide.
Here's how confident we are about helping you. Check out what we guarantee!
We have proven strategies to help get you the home you want at the price you want. When buying a home in the Stuart Fl area, narrowing your search before viewing properties, helps make the process easier and less stressful. Helping you make a qualified offer, at the best possible price, is our specialty. You'll have expert knowledge of the market, values and strategies to create a successful offer and purchase!
We work hard to help our clients achieve their real estate goals. If, however, you're not completely satisfied with the services we provide, you may cancel our agreement at any time and for any reason.
We're about putting buyers and sellers together to transact great real estate business. We'll search all day, every day and guarantee you'll receive accurate, new listings daily.
Our site allows you to search for homes just like a Realtor! We'll set you up on exactly what you're looking for to make home shopping fast, efficient and thorough.
Once we help you find your home, as long as it's listed on the MLS, all buyer fees are waived. Our services are 100% free to you, our buyer.*
New to the area? Busy with kids, work and moving? We are your resource for every type of vendor imaginable. From real estate attorneys to handymen, we have a vendor database with many in each category to choose from. They're reputable, trustworthy people you may need or want during and after the time of your home purchase.
If you'll be getting a mortgage, a professional can help you through the process of lender pre-approval requirements. Some of our preferred lenders can save you thousands at closing. There's no obligation to use someone we introduce you to. We hope you'll see the benefits for yourself when buying a home in the Stuart FL area.
Here's a quick list of items you'll need to share with at least one lender to determine whether you're qualified to borrow money.
Here's a List of items you'll need to gather when speaking with a lender.
There are so many moving parts to buying and selling real estate. Here are some more things you'll want to consider when planning a home purchase.
When buying property, the amount you'll pay to local government in property taxes. If you're within city limits, you'll pay city and county taxes. Many people confuse the current taxes on a property with what will be paid when purchasing. This incorrect thinking can cause severe sticker shock when the buyer gets the statement showing costs at closing. This document is required by law, yet it's received 3 days before closing.
Wouldn't you rather know now what you may pay in taxes on a particular property?
Click for Martin County's Tax Estimator
Click for St. Lucie County's Tax Estimator
Click for Palm Beach County's Tax Estimator
Click for Indian River County's Tax Estimator
On a more positive note, after you purchase, if you'll be living in the property, you can claim homestead exemption in the state of Florida. New homeowners must apply for homestead before Mar 1 following the year of purchase. Your homestead is also "portable." You take it with you if you're selling when you buy.
If you will be selling a home when you buy, call us for a free in-home comparative market analysis to value your home and give you tips and strategies to get the most for your current residence. In the meantime, for a Quick, Free estimate, go to StuartHousesForSale.com/cma
Keep this list handy to know you've done what you need to in order to close the transaction.
1. Get all contingencies squared away
Most purchase agreements have contingencies - things that buyers must do before the transaction is official. These are the most common contingencies:
Home Inspection Contingency: This gives buyers the right to have the home professionally inspected. If something is wrong, you can request it be fixed or you can back out of the sale, or negotiate a value for the repairs, effectively reducing the purchase price. It's rarely advisable to waive an inspection contingency. Although the average home inspection costs $300 to $500, it's a drop in the bucket considering the costly home issues you might uncover.
Appraisal Contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. If the appraised value is less than the sale price (or whatever amount you have put in the contingency), the contingency enables you to back out of the transaction without forfeiting your earnest money deposit.
Financing Contingency: This contingency gives you the right to back out of the transaction if your mortgage approval falls through. You have a specified time period, as stated in the sales agreement, during which you have to obtain a loan that will cover the mortgage.
2. Clear Title
When you buy a home, you "take title" to the property and establish legal ownership - a process that's confirmed by local public land records. As part of the closing process, your mortgage lender will likely require a title search, and you'll need to purchase title insurance to protect you from legal claims against the house.
Sometimes distant relatives - or an ex-spouse - may surface with the claim that they actually own the home, and that the seller had no right to sell it to you in the first place. Clearing title will ensure this doesn't happen.
As the home buyer, you may be entitled to choose the title company, depending on your agreement. You can get recommendations from your Realtor, mortgage lender, and friends - just be sure to check out the license.
3. Get Final Mortgage Approval
Before you can get to the closing table, your home loan must go through the underwriting process. Underwriters are like real estate detectives - it's their job to make sure you have represented yourself and your finances truthfully, and that you haven't made any false or misleading claims on your loan application.
The underwriter - employed by your mortgage lender - will check your credit score, review your home appraisal, and ensure you financial portfolio has remained the same since you were pre-approved for the loan.
Since underwriting typically happens shortly before closing, you don't want to do anything while you're in contract that's going to hurt your credit score. That includes buying a car, boat, furnishings, or other large purchase that has to be financed within 60 days of closing. if you're receiving a gift from someone to purchase, you'll need a gift letter. In our current market, pre-approval is required before we start looking at properties.
4. Review Your Closing Disclosure
If you're getting a loan, one of the best ways to prepare is to thoroughly review your closing disclosure. This official document outlines your exact mortgage payments, the loan's terms (e.g., the interest rate and duration), and additional fees you'll pay, called closing costs.
Compare your closing disclosure with the loan estimate your lender gave you at the outset. If you spot any discrepancies, ask your lender to explain them.
5. Do A Final Walk-Through
Most sales agreements allow buyers to do a walk-through of the home within 24 hours before closing. During this stage, you're making sure the previous owner has vacated (unless you've allowed a rent-back arrangement in which they can stick around for a period before moving). You're also double checking that the home is in the condition agreed upon in the contract. If your home inspection reveals problems that the sellers had agreed to fix, you'll want to make sure those repairs are made.
6. Bring The Necessary Documents To Closing
Make sure you have the following items when you head to the closing table:
Proof of homeowner's insurance
Copy of your contract with the seller
Your home inspection report
Paperwork the bank required to approve your loan
A government-issued photo ID (Note to newlyweds who just changed their name: The ID needs to match the name that will appear on the property's title and mortgage.
Plan to sign a ton of paperwork. An attorney or settlement agent will guide you through the process. When you're done, you'll collect the keys and you're finally home free!
While getting closer to looking at properties and making offers, it's normal to wonder how much cash you'll need at closing. Title insurance, homeowner's insurance, taxes, doc stamps and more add up. For an instant estimate of your closing costs CLICK HERE.
* Must request at the signing of the buyer agency agreement