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Home Buying Process

The Steps, process and details of buying Real Estate in Miami

Buying a property is certainly an  important decision. It can be intimidating and overwhelming for a Buyer. If you’ve never done this before, you likely have no idea how the process begins or what to expect.

A real estate transaction in Miami’s market should follow these steps:

 home buying process miami

WHAT TO EXPECT

  • Get an overview of the Miami real estate market
  • Establish your search criteria according to your budget
  • Start to search for properties available for sale
  • Get pre-qualified / pre-approved for a mortgage
  • Find the right Realtor

MAKING AN OFFER

  • Shop for your home
  • Write an offer to purchase
  • Acceptance or counter-offer from Seller
  • Execution of contract
  • Disclosure review

BUYER’S OBLIGATIONS

  • Funding escrow account with initial deposit
  • Get a home inspection
  • Title and Lien search (title company)
  • Obtain Title insurance (title company)

THE CLOSING

  • Funding escrow account with the remaining balance to close
  • Final Walk Through
  • Signature of buyer’s docs and closing statement