Buyer’s Guide


Tampa Bay Florida buyers can expect to engage in a booming housing market. The most valuable item most people own is their home. Therefore, buyers must follow the right steps to ensure they are making a smart investment. This guide will take you through those steps.

Pre-approval
The first step to buying a new home is getting a pre-approval letter or proof of funds letter from your bank. This will let you know how much home you can afford. Once received, you should not make any large purchases or changes to your credit bureau profiles. This will ensure a smooth closing. Most homes require this letter when your agent is requesting access to show you the home. Hence, your agent will ask you for a copy of this letter.

Find a real estate agent
Work with an agent that knows the local market and understands your budget. A real estate agent is free to every buyer and paid for by the seller. Good realtors are everywhere. Great realtors are those that understand your specific needs, will negotiate effectively, and guide you through the process. Kelly Peart provides this to all her clients.

Home shopping
A smart buyer is an aware buyer. Therefore, make a list of the top 5 things that you want in your dream home. Things to consider are home features, commute to work, schools, and neighborhood entertainment. Share this list with your realtor so that they can show you the right homes. It is normal to become a bit anxious or to experience a priorities list change as your shop. Make sure to communicate this to your agent so that they can alter your shopping plan as needed.

Making an offer
Once you’ve found “the one” the next step is for your agent to write an offer. The written offer will state how much you are willing to pay for your dream home and under what conditions you will buy (move-in date, major repairs, etc.). This is a critical part of the process since you don’t want to overpay for your home or miss out on your dream home by presenting a low offer to the seller. A skilled real estate agent is invaluable in helping you make the right offer in our dynamic Tampa Bay market since there may be negotiation before both sides sign an agreement.

Closing the transaction
After the contract is signed, the buyer will deposit down payment money into escrow and the buyer’s due diligence period will begin. During this time, the buyer is responsible for inspections, obtaining financing, and working with the title company to ensure there are no issues with the home’s title.

Finally, on the closing date, the buyer gives the seller money and the seller gives the buyer the title & keys to their dream home.