Buying Your Florida Beach Home

Purchasing a home is probably the biggest financial decision you will ever make. Whether this is your first purchase or you are moving on to a different home that better meets your needs, this decision must be made carefully.

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Homebuyer FAQ

How Do I Choose the Right Home?

Are you tired of paying rent? Have you outgrown your current home? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you choose the right home.

Can Owning a Florida Home Make Money?

Home ownership can be a very good investment. As you pay down the principal part of your loan, you are building equity over time in addition to any market appreciation on your property. Plus, you will also have the opportunity earn rental income on your new Florida beach home with Bay Pointe!

Can I Afford To Buy A Home?

Experts recommend spending between 33-40% of your income on housing. The tax benefits of home ownership can provide a considerable advantage over renting. Before you start shopping for your dream home, it’s a good idea to make some preparations

Step 1: Build your Green File

A green file contains all your important financial documents. You’ll need it to secure financing for your home. The typical green file should contain:

  • Financial statements
  • Bank accounts
  • Investments
  • Credit card
  • Auto loans
  • Recent pay stubs
  • Tax returns for two years

Step 2: Get Pre-Approved 

Now is the time to get pre-approved for a new home. If you plan on financing your home, you will need to meet with a mortgage professional to check your credit score, debt-to-income ratio, and to get pre-approved for your loan amount. This vital information will let you know how much you can spend on your home, and get you one step closer to owning the home of your dreams.

If you’re buying a new home with cash, you will still need to meet with a financial advisor at your bank or with an accountant to discuss your investment.

Step 3: Get Pre-Approved 

Now is the time to get pre-approved for a new home. If you plan on financing your home, you will need to meet with a mortgage professional through your bank or elsewhere to check your credit score, debt-to-income ratio, and to get pre-approved for your loan amount. This vital information will let you know how much you can spend on your home, and get you one step closer to owning the beach home of your dreams.

If you’re buying a new home with cash, you will still need to meet with a financial advisor at your bank or with an accountant to discuss your investment.

Step 4: Meet With a Bay Pointe Realtor 

If you’re looking for a tentative and dedicated team of realtors who specialize in Southwest Florida beach homes, you’ve come to the right place! At Bay Pointe Real Estate, we cater to your specific needs while also providing the best quality service that the real estate world can offer.

We take care of all of the hard paper work so that you can sit back, relax, and make your dreams of homeownership come true!