1. Home
  2. Things to Consider When Purchasing a Home

Things to Consider When Purchasing a Home

Purchasing a home is a serious, conflicted and detailed process.  It’s a big decision that actually ranks as one of life’s biggest stressors.  So when taking on one of life’s most daunting tasks, arm yourself with a solid team that supports you and represents your interests – that’s your team at the BCDC Group! Then put together a plan. We’re sharing our list of essential points to consider when setting out to purchase your Home Sweet Home.


Know your credit score. Having a lower credit score can impact your ability to get approved for a larger mortgage and may adversely affect the terms of that loan.  If possible, give yourself additional time to boost your score before starting the home-buying process.

Consider your savings. You’ll need money for incidentals and things like homeowner’s insurance, association fees, unexpected repairs, cosmetic changes, property taxes and more.

Make sure your home is an investment that will grow with you instead of a continuous expense. Know the neighborhood where you’re purchasing and understand the property values and the advantages and disadvantages of the community where you’re choosing to live. If you decide to sell in the future, you want to ensure that your property has appreciated in value.


Decide if you prefer a home in an urban, rural or suburban area. Specific laws in each area may influence your decision.  For example: Can you house your boat on your property? Are commercial developments allowed in close proximity to your home?

Go to the neighborhood during the day, at night and during rush hours. Determine if the area is high-traffic and noisy or quaint and quiet.

Your dream home may be perfect for you, but what about your family? Consider the length of the work commute for you and your partner/spouse. Also, consider the quality and reputation of public and private schools in the area.  Investigate local parks and community centers and proximity of supermarkets and those services your family relies on for a smooth and seamless lifestyle. Is public transportation readily available?

Personal Preferences

Visit the chosen property to test your cell phone coverage. If you plan to work from home or have a home-based business, your Internet speed could be of real importance.  And if you have children, Internet access will be critical!

If you live in or are moving to South Florida, energy bills are always a consideration.  Look to a property with lush vegetation (i.e. mature trees) to shield the home from the hot sun.

When purchasing a home, it’s important not only to appreciate the now, the moment, but to also visualize yourself in the home, neighborhood and community in the coming years.  Do you see it as a good fit for you and your family?

If you’re interested in Miami real estate and want to stay up-to-date with our agency news and Miami property and investments, visit our website.  And please take the time to follow us on Facebook, Instagram, and Twitter.

  1. Home
  2. BCDC: Our Frequently Asked Questions (FAQS)

BCDC: Our Frequently Asked Questions (FAQS)

Buying, selling or leasing a home or condo can be a complicated, cumbersome and stressful process. With over 40 years of combined experience in the Miami real estate market, we know that prospective homebuyers make better decisions when they’re confident and informed. To that end, we’re sharing our list of FAQs (Frequently Asked Questions) to shed some light on the home buying process:

Q- How do I know if it’s a buyer’s or seller’s market?
A- In a perfect world, you’d always purchase a home in a buyer’s market–when prices are lower because there’s less demand. A seller’s market boasts higher home prices driven up by increased demand.

Q- I want to buy a home, but where do I start?
A- Your first step is to get pre-approved for a mortgage. Having this information shows you’re a serious buyer and helps determine the types of properties that are in your price range.

Q- What fees are associated with buying a home?
A- Remember that mortgage we were talking about? It’s best not to pick a property at the top of your price range because the cost of a home isn’t simply the down payment and mortgage. You will also have closing costs (typically between 2 – 5% of purchase price) that include lender fees, title fees and any prepaid costs. It might prove wise to anticipate attorney’s fees (if an attorney is necessary or required for the transaction), inspection costs and various other minor fees that might come into play. Moving costs should also be considered, as those can put a slight dent in your wallet – especially if you’re moving city or state.

Q- There are so many incredible properties in Miami. How many should I see before making a decision?
A- See as many as it takes! Because there are so many fabulous Miami homes and condos, make a list of your must-have amenities to narrow your list of properties to view.

Q- What happens after I choose my dream home?
A- Welcome to the purchase process (this is our second favorite part of being realtors)! Your agent will make a purchase offer. Contracts and documents will pass from buyer to seller until you reach an agreement. You’ll also need to get full approval from your mortgage lender.

Q: Is a home inspection an absolute must?
A: Absolutely, YES! You want to know the true condition of your home to avoid any pricey surprises (like an overhaul of the electric work). If something isn’t up to code or doesn’t meet your liking or requirements, it makes for a good bargaining chip with the seller.

Q- We’re closing! Now what?
A- Fabulous! Now, THIS is our favorite part of being realtors. If you’re pleased as punch after the inspection and doing a final walkthrough, as the buyer, you’ll pay the costs to close the transaction. The title is transferred from seller to buyer and – congrats! – you get the keys to your new Miami home or condo!

The team at the BCDC Group wants to congratulate you on making the decision to buy your home sweet home in Miami! It’s our pleasure to provide you with the highest level of client service and unparalleled expertise throughout the purchase process. To see how we sell Miami and to stay informed with agency news, visit our website.  You can also follow us on FacebookInstagram, and Twitter.

  • When are you looking to purchase?

  • Already pre-approved for financing?

  • Are you also looking to sell your home?