The home buying process typically takes 30 to 60 days from the time your offer is accepted to closing.

The amount you need depends on the home price and your loan product, but typically, you'll need at least 3-20% of the purchase price for the down payment. Additionally, you’ll need funds for closing costs, which can be 3-5% of the loan amount. So, in total we are looking at between 6-25% or more of the home price in cash.

A mortgage pre-approval is a letter from a lender stating that you qualify for a loan up to a certain amount. It shows sellers you're serious and financially capable, which makes your offer stronger. We will need this prior to booking a buyer consultation because it tells us our shopping parameters so we can set realistic expectations.

As a buyer, you typically don’t pay the realtor’s commission directly. The seller usually covers the commission for both the listing agent and the buyer's agent. However, if you're selling a property, the commission is often a percentage of the sale price, which is typically split between the listing agent and the buyer's agent. I’ll ensure transparency regarding all fees and costs associated with your real estate transaction. Commissions will very house by house.

You’re ready if you have a stable income, a good credit score, a reliable down payment, and enough savings to cover closing costs and home repairs. It’s also important to have an understanding of where buying a home fits into your long term family and financial goals.

Both Miami-Dade and Broward Counties have seen a rise in active listings. In November 2024, Broward County's single-family home market experienced a 39.8% increase in active listings compared to the previous year. The surge in inventory suggests a shift toward a more balanced market, offering buyers more options and potentially more negotiating power. Despite the increase in inventory, median home prices continue to show modest growth. Broward County's single-family homes saw a 3.5% rise in median sold price, reaching $621,000 in November 2024. We anticipate that home prices in Florida will experience steady, modest increases in 2025, with a projected growth rate of 3.7%, slightly below 2024's growth rate of 4%.

Upfront costs need to be paid at the beginning of a purchase to cover a buyer's due diligence or performance on a purchase contract.

1. Earnest Money Deposit – A deposit to show the seller you’re serious about your offer. It usually ranges from 1-3% of the purchase price and is applied to the down payment or closing costs.

2. Home Inspection – The cost for a home inspection is typically around $300-$500, depending on the size of the home and location. This is paid to the inspection company.

3. Appraisal Fee – The lender usually requires an appraisal to determine the home’s market value, costing around $300-$700.

   Closing costs are fees paid at the end of a purchase associated with finalizing the sale and typically range from 6-25% of the home’s purchase price. Common closing costs include title insurance, attorney fees, lender fees and down payment, property tax prorations, homeowners insurance, mortgage insurance, and HOA fees.

As a baseline offer should be based on the asking price, comparable sales in the area, and how competitive the market is. What I always say is if you love the house, the seller needs to love your offer by being as close as possible to what they want, while staying within your means.

Yes, you can back out of a deal during the contingency period (such as after a failed inspection or appraisal issues). However, you may lose your earnest money deposit if you back out without a valid reason. We'll go over all contingencies at your buyer consultation.