Buying a home is a sequence of fairly predictable stages, even if every purchase has its own surprises. This guide walks through how the process usually works in Florida, in general terms, so you can follow what is happening and ask better questions. Joviland is an independent guide, not a realtor, brokerage or lender, and nothing here is legal or financial advice. For decisions about your own purchase, ask a licensed professional.
1. Get your finances in order and seek pre-approval
Most buyers who need a mortgage start by talking to one or more lenders. A pre-approval generally means a lender has reviewed your income, debts and credit and is prepared, subject to conditions, to lend up to a certain amount. Sellers often expect to see one with an offer. Compare more than one lender and read every condition attached.
2. Research areas and homes
Before touring, decide what matters most: commute, quiet, water access, a short drive to the springs or the trail. Our Citrus County overview is a starting point. Check public records too: the Citrus County Property Appraiser publishes ownership, sales and parcel map information online, and FEMA flood maps show how likely an area is to flood. Read Flood Zones, Explained before you fall for a waterfront lot.
3. Make an offer
An offer is usually a written contract proposal covering the price, deposit, financing, inspection period, closing date and anything that conveys with the house. The seller can accept, reject or counter. Contingencies, such as inspection or financing conditions, are where much of your protection lives, so understand each one before you sign.
4. Inspections
During the inspection period, buyers commonly hire a general home inspector and sometimes specialists for roofs, pests or septic systems. See Home Inspections, Explained for what a report covers and how buyers typically respond to findings.
5. Appraisal and insurance
If you are borrowing, the lender will usually order an appraisal to check that the home's value supports the loan. This is also the time to line up homeowners insurance. Remember that most homeowners policies do not cover flood damage; flood coverage is a separate policy, according to FEMA.
6. Closing
At closing you review and sign the final documents, funds are transferred and the deed is recorded. Read every page you are given in advance and ask about anything that differs from what you expected.
Questions to ask any agent or lender
- How do you get paid, and who pays you?
- What contingencies would you suggest in my situation, and why?
- What does this pre-approval depend on, and what could change it?
- Which deadlines in this contract matter most?
- What costs should I expect at closing besides the down payment?
For a longer list, see Questions to Ask Any Agent, and when you are ready to pack, our moving-day checklist.