What Every Homebuyer Needs to Know

It’s my pleasure to introduce myself and offer my services to you. As a real estate specialist in our area, I have had the opportunity to help many homebuyers find their ideal homes. I look forward to working with you, too!

Buying a new home is one of the largest financial transactions that most people ever undertake. Because the process can be lengthy and sometimes confusing, I want you to know that I will be here to help you through every step. My goal is to help you find the home of your dreams and also make your home buying experience as easy and enjoyable as possible.

When you are ready to purchase your next home, I welcome the opportunity to represent you. In the meantime, I will provide you with valuable information about homeownership, the real estate market and many other helpful topics by email.

I would be happy to answer any questions you might have about buying, financing or current market conditions. I can also send you listings of suitable properties currently on the market where you want to live. My services include helping you find a home, arrange financing, negotiate the purchase, and handle the details to ensure a smooth closing.

When you are thinking about buying a home, there are always plenty of questions to ask. Please don't hesitate to call or email me any time if I can help you with this. Thank you for the opportunity to be of service.

Sincerely,

Jane Mongelli

EXIT Realty Gulf Coast

(941) 468-1118 / (941) 685-8707

My Objectives

Listen carefully to make sure I understand YOUR objectives and preferences
Explain the home buying process thoroughly
Discuss agency representation
Diligently search for a home that meets your criteria
Send you new listings as soon as they come on the market
Provide you with a market analysis, so you are comfortable with the prices in your desired neighborhood
Negotiate on your behalf
Diligently track the closing process on the purchase of your home
Communicate consistently, so you know what to expect

The Closing Process

Once you have found the home you want to buy, there are several additional steps you need to take to close the sale after the purchase and sale agreements have been signed.

Step 1 Contingency removal: The most common contingencies are inspection, financing and the sale of your current home. These conditions must be removed or waived in writing before the sale on your new home can close.

Step 2 Appraisal and title report: Your lender requires a formal appraisal to confirm the value of the home you’re buying, to use as collateral to secure the loan. The title report ensures that the seller has clear title to the property and has the right to transfer ownership to you.

Step 3 Prepare closing documents: Escrow service companies or real estate attorneys prepare documents that confirm the transaction, prorate funds, etc.

Step 4 Signing of closing documents: Although both parties may have signed closing documents and deposited funds, the sale actually closes when the deed is recorded and the proceeds are available to the seller.

Step 5 Signed documents go to the lender for final review.

Step 6 The deed is recorded and funds disbursed.

Step 7 The seller receives the proceeds and the moving van arrives.

Step 8 You get the keys to your new home!

There are many opportunities for surprises or delays in a transaction. Part of my expertise is in troubleshooting problems that arise in the closing process, including anticipating and preparing for potential problems before they arise.

Please email or call me any time if you have questions or would like more information about the closing process.

Mortgage Application Checklist

Here is a list of information and documents you will need when you apply for a home loan:

Copy of the Purchase and Sale Agreement
Your present mortgage information (or 12 months rental history)
Two years history of employment and verification of all income sources
If self-employed, copies of past two years income tax return and year to date profit and loss
Two months checking, savings and investment account information verifying your liquid assets
Name, account number and outstanding balance of each of your debts
Information regarding any other income to be used
Information regarding any other assets that will be used as funds to close
If you’re applying for a VA loan, you need a Certificate of Eligibility or DD-214 form
If you are a relocating employee, include relocation information and copy of offer, promissory note and copy of check on bridge loan
Two pieces of ID, such as your driver’s license or passport and social security card

Venice Florida Real Estate