top of page

Pre-Qualification

BUYERS

Modern House
Modern House
Villa Pool
Abstract Architecture

Pre-Approval

While knowing how much you can afford is the first step, sellers will be much more receptive to

potential buyers who have been pre-approved. You’ll also avoid being disappointed when going

after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a

mortgage and receives a commitment in writing from a lender. This way, assuming the home you’re

interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you

are a serious buyer for that property. Costs for pre-approval are generally nominal and lenders will

usually permit you to pay them when you close your loan.

List of Needs & Wants

Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.

Modern Architecture
Abstract Architecture

Representation by a Professional

Consider hiring your own real estate agent, one who is working for you, the buyer, not the seller.

Focus & Organization

In a convenient location, keep handy the items that will assist you in maximizing your home search efforts. Such items may include:

01                  In a convenient location, keep handy the items that will assist you in maximizing your home.

02                  A file of the properties that your agent has shown to you, along with ads you have cut out from the newspaper.

03                  Paper and pen, for taking notes as you search.

04                  Instant or video camera to help refresh your memory on individual properties, especially if you are attending a series of showings.

05                  Location: Look at a potential property as if you are the seller. Would a prospective buyer find it attractive based on school district, crime rate, proximity to positive (shopping, parks, freeway access) and negative (abandoned properties, garbage dump, source of noise) features of the area?

Landscape Architecture
Landscape Architecture
Landscape Architecture
Landscape Architecture
White House with Bush
Designed Backyard
Designed Backyard
Designed Backyard

Be Thorough

A few extra dollars well spent now may save you big expenses in the long run. Don’t forget such essentials as:

01                Include inspection & mortgage contingencies in your written offer.

02                Have the property inspected by a professional inspector.

03                Request a second walk-through to take place within 24 hours of closing.

04                You want to check to see that no changes have been made that were not agreed on (i.e., a nice chandelier that you assumed came with the sale having been replaced by a cheap ceiling light).

All the above may seem rather overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended. Please email me or call me directly to discuss any of these matters in further detail.

Round Architecture
Round Architecture
Round Architecture
Round Architecture

Visualize the house empty & with your decor

Are the rooms laid out to fit your needs? Is there enough light?

Be Objective

Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? There are many houses on the market, so don’t make a hurried decision that you may regret later.

Abstract Architecture
White House

HIGH-QUALITY BUYER SERVICES

MY COMPREHENSIVE, HIGH-QUALITY SERVICES CAN SAVE YOU TIME AND MONEY, AS WELL AS MAKE THE EXPERIENCE MORE ENJOYABLE AND LESS STRESSFUL.

Whether you’re looking for your first home, your dream home or an investment property, I’m committed to providing you with the highest quality buyer service. Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you’re not familiar with all aspects of the process, and don’t have all the best information and resources at hand. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide.

One of my specialties is representing the best interests of Tampa Bay  throughout the home buying process. My comprehensive, high-quality services can save you time and money, as well as make the experience more enjoyable and less stressful. If you’re like most people, buying a home is the biggest investment you will ever make. So whether you’re buying a starter home, your dream home or an investment property, why not take advantage of my experience as a local market expert for the local Tampa Bay to make the most informed decisions you can, every step of the way? The Cancelli Group is ready to show you the finest, most exclusive listings, while being mindful to your own, style, taste and needs. You can rely on The Cancelli Group to help you realize the full potential of your real estate investment while maintaining your privacy in the strictest fashion. Excellence and high quality service is our motto.

PREPARING TO BUY

Before you start shopping for your property, it is a good idea to make some preparations.

 Build Your Green File

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

  • Financial statements

  • Bank accounts

  • Investments

  • Credit cards

  • Auto loans

  • Recent pay stubs

  • Tax returns for two years

  • Copies of leases for investment properties

  • 401K statements, life insurance, stocks, bonds, and mutual account information.

Credit Assessment

Check Your Credit Rating.

Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.

Credit Card

Be Careful With Your Finances.

Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.

Flexible Payment Planning
White on Black.png

DECIDING TO BUY

Purchasing a property is most likely the biggest financial decision you will ever make. Whether this is your first purchase or you are an experienced buyer, this decision must be made carefully

White on Black.png

Why Do You Want To Buy?

Are you tired of paying rent? Have you decided to pay your own mortgage and not your landlord’s? Have you outgrown your current home? Are you looking for an investment portfolio? Are you looking for a rental property? 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 property.

White on Black.png

Has Your Income Grown?

Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.

logo.png
Monochrome on Transparent.png
logo.png

Quick Tips

Quick Tips For A Successful House Hunt

Original on Transparent.png

The Process, Step-by-Step

The Initial Agreement and Deposit.

An effective agreement is a legal arrangement between a potential purchaser and the property’s seller.

Some important tips to keep in mind to streamline the process:

  • Keep written records of everything. For the sake of clarity, it will be extremely useful to transcribe all verbal agreements including counter-offers and addendums and to convert them into written agreements to be signed by both parties. We will assist you in drafting all the paperwork for your purchase and make sure that you have copies of everything.

  • Stick to the schedule. Now that you have chosen your offer, you and the seller will be given a timeline to mark every stage in the process of closing the real estate contract. Meeting the requirements on time ensures a smoother flow of negotiations so that each party involved is not in breach of their agreements. During the process we will keep you constantly updated, so you will always be prepared for the next step.

Original on Transparent.png

The Closing Agent.

Either a title company or an attorney will be selected as a closing agent. 

The closing agent will hold the deposit in escrow and will research the complete recorded history of the property to ensure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title. Some properties are subject to restrictions which limit various activities such as building or parking restrictions. There may be recorded easements and encroachments, which limit the rights to use your property.

Original on Transparent.png

How to Hold Title.

You may wish to consult an attorney or tax adviser on the best way to hold title.

Different methods of holding title have different legal, estate and tax implications, especially when selling or upon death of the title holder.

Original on Transparent.png

Association Approval.

If the property that you are purchasing is conditional upon an association approval, request the rules, regulations, and other important documents from the seller as soon as you have an effective agreement to purchase. 

Make sure that the application documents and processing fees are submitted to the appropriate person at the association by the required time. Fill out all of the information completely and legibly so there is no delay in processing the application. If you are required to meet with the association for your approval, make an appointment as soon as possible for the interview. Most associations require a certificate of approval before move-in. Your closing agent will request that the original copy of this approval letter be brought to the closing, so that it can be recorded with the deed in the county public records.

Original on Transparent.png

Appraisal and Lending.

It is imperative that you keep in close communication with your lender

If the agreement is conditional upon financing, then the property will be appraised by a licensed appraiser to determine the value for the lending institution, via a third party. This is done so that the lending institution can confirm their investment in your property is accurate. Appraisers are specialists in determining the value of properties, based on a combination of square footage measurements, building costs, recent sales of comparable properties, operating income, etc. When you are within two weeks of closing, double check with your lender to be sure the loan will go through smoothly and on time.

Original on Transparent.png

Property Insurance.

How much would you want to get covered if something were to happen. 

If you are obtaining a loan, you will be required by your lender to purchase a certain amount of insurance on the property. The value will depend on the lending institution and the purchase price of the property. You may be able to save hundreds of dollars a year on homeowners insurance by shopping around for insurance. You can also save money with these tips.

We will be happy to recommend experienced knowledgeable insurance agents for every property type.

  • Consider a higher deductible. Increasing your deductible by just a few hundred dollars can make a big difference in your premium.

  • Ask your insurance agent about discounts. You may be able get a lower premium if your home has safety features such as dead-bolt locks, smoke detectors, an alarm system, storm shutters or fire-retardant roofing materials. Persons over 55 years of age or long-term customers may also be offered discounts.

  • Insure your house NOT the land under it. After a disaster, the land is still there. If you do not subtract the value of the land when deciding how much homeowner’s insurance to buy, you will pay more than you should.

Image by Hunters Race

CHOOSE A REAL ESTATE AGENT

Buying a property requires making many important financial decisions, understanding complex issues and completing a lot of paperwork. It helps to have an expert in your corner when undertaking such a large purchase. We can guide you through this process, and also provide you with access to property listings before they hit the general market.

Image by Marten Bjork

FACTORS

Here are some factors to consider when choosing your real estate professional:

  • Look for a full-time agent – one who has experience completing transactions similar to yours.

  • Interview a few agents: Are they familiar with the area in which you are interested?

  • Ask how much time the agent will have for you, and if they are available at night and on weekends.

  • Ask about their credentials and education: A good agent will continually strive to improve and gain knowledge of the latest real estate trends and hold the highest designations in their respective fields of expertise.

  • Does the agent return your calls promptly? Time is money when attempting to buy a property.

  • Ask for a list of properties they have sold or a list of references.

  • Choose an agent who listens attentively to your needs and concerns. Pick an agent, with whom you feel comfortable.

Business Woman Typing

TIME TO GO SHOPPING

Once those preparations are out of the way, it is time to find the right property for you.

 

Take a Drive.

Get to know the neighborhoods, complexes, or subdivisions, which interest you. Drive around and get a feel for what it would be like to own a property in the area. Start getting a sense of the properties available in those areas.

Business Introduction

NARROW YOUR SEARCH

Select a few properties that interest you the most and have your real estate agent make appointments to visit them. Ask your real estate agent about the potential long term resale value of the properties you are considering.

Business Meeting

TIME TO BUY!

Once you have picked out the property you want to purchase, your real estate agent can help you make an offer that the seller will accept. A good agent will investigate the potential costs and expenses associated with the new property. An agent can also help you draft your offer in a way that gives you the advantage over another offer.

Image by Hunters Race

Has Your Income Grown?

Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.

CLOSING DAY

If you have come this far, then this means that it is almost time for a congratulations, but not yet. Do not forget to tie up these loose ends:

Final Walk-Through Inspection.

More of a formality than anything else, the final inspection takes place a day before, or the day of the closing. You will visit the property to verify that all is in working order, everything is the same as when you last viewed the property, that there are no extra items left behind, and that everything included in your purchase is still at the property.

Home Services and Utilities.

We will provide a list of useful numbers for the activation of home services and utilities after the closing occurs.

Be Prepared.

We are ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the property breaks down, or some other minor detail – no need to worry. We have encountered these problems before so we know how to handle them efficiently and in a stress-free manor. The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. You and the seller(s) will sign this statement, as well as the closing agent, certifying its accuracy. If you are obtaining financing, you will have to sign all pertinent documentation required by the lending institution. If you are unable to attend the scheduled closing, arrangements can be made depending on the circumstances and the notice that we receive. 

Building Facade
logo.png
bottom of page