Steps in the process of buying a property
MPM Realty Group
MPM Realty Group
Navigating the New Times: Simplified Guide to Buying a Resale Property
In the modern era, the process of purchasing a resale property has evolved, but certain key steps remain fundamental. Here's a brief and simplified version to help you better understand the path to your new home:
Step 1 - The Offer: Your First Step Toward Your Dream Home
After choosing the property that captures your heart, the next step is to make an offer. This is the moment you let the seller know you are interested in buying and at what price. Your guide in this process will be the real estate agent, who will assist you in creating the offer document. Make sure to include the mortgage pre-approval letter if applicable. For cash purchases, attach a bank statement supporting the funds you will use.
Step 2 - Offer Acceptance: Making Things Official
If the seller accepts your offer, the legal gears will start turning. Instruction will be given to a "Title Company" to prepare all the necessary documentation for the property transfer, handled by specialized attorneys. Here, the buyer needs to make a reservation for the property, usually paying between 5% and 10% of the total offer amount. This money is placed in an escrow account known as the "Escrow Money Deposit." It's important to note that this process may vary if it's a pre-construction property.
Step 3 - The Closing: Sealing the Deal
Once the attorneys have thoroughly researched the property title and confirmed there are no additional liens, the closing day will be scheduled. In this ceremony, the final payment of the remaining property amount will be made, and the official title transfer to the new owner will take place.
Important: A resale property implies it has had previous owners and is not a new construction. While these steps are essential, keep in mind that the exact process may vary, and it's always advisable to seek guidance from certified professionals before embarking on this exciting journey. Welcome to your new home!
MPM Realty Group was founded with a simple but ambitious vision: to create a real estate brokerage where relationships matter more than transactions, where collaboration is valued over competition, and where both clients and agents have the opportunity to grow with confidence.
Although the brokerage officially launched in 2025, the experience behind the company has been built over more than two decades in the Florida real estate industry. Under the leadership of Broker-Owner Maria Pia McLeod, MPM combines market knowledge, professional integrity and a personalized approach that allows every client and every agent to receive the attention they deserve.
From the beginning, the company has focused on building long-term relationships instead of pursuing short-term results. Every transaction is guided by professionalism, transparency and a commitment to helping buyers, sellers, investors and real estate professionals make informed decisions with confidence.
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