Buying or selling a home? RE/MAX Town Centre can help.
Purchasing a home can be stressful for most people. However, with a little planning ahead of time, it's not very difficult. We like to furnish buyers with a road map of the entire deal so they'll know exactly what they can expect. Here are our nine steps to buying a home.
If you have any questions about any of this information or if you're ready to get started, just contact us here or send e-mail to firstname.lastname@example.org
Step 1 – Prepare to purchase a home
There are a lot of things you should take into account prior to beginning your home search. You'll most likely want to put together a checklist of items you want to have, get a feel for what school districts you'd like to live in, and start working on your budget. Keeping your mortgage payment less than or around 1/3 of your monthly income is a good principle to adhere to.
Step 2 – Contact a real estate agent
This is where we come in. We'd like to arrange a time to meet with you and speak with you about your real estate needs and get an idea of your future plans. We'll discuss neighborhoods, schools in the Orlando area, the mortgage and housing industries, and any other economic factors that might affect your purchase today or in the future.
In addition, we'll assist you in getting started on your loan. We work with some of the finest mortgage professionals in Orlando, so you're in great hands. They can help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Start your search
After our first meeting, we'll start searching for available houses on the market that are great for you. We'll research many of the houses and remove the duds, and then we'll book appointments to view the homes when it's most convenient for you.
As we tour homes, we'll identify good features and negative ones. we'll even ask you to tell us about things you like and don't like. Frequently, buyers change their must-have list as we view homes and some features become far more important than others. If that's the situation, we'll search the listings once again and trim it down to the home you've been dreaming about.
Step 4 – Get a grasp of the market
Your agent's understanding of the Orlando housing market is a leading element in your home search. And we can assure you we're well-versed in all the school districts and neighborhoods, and we will alert you to what neighborhoods are "hot" and call for immediate action and the others that are "cool" and allow for careful examination.
When we tour homes, we'll let you know if the seller's asking price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be careful and be sure to ask a lot of questions, as every real estate agent will tell you they truly understand the market. If it doesn't seem like they know everything, call us at (407) 996-3200 or e-mail us at email@example.com, and we'd be happy to answer any questions you may have. Our market knowledge will help you stay a step ahead throughout the entire process.
Step 5 – Find the house of your dreams
We're confident we'll find the house of your dreams in Orlando, and when that happens, we'll meticulously create your home purchase offer. The offer will be made to suit your needs. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
When turning in your purchase offer, you'll probably want to submit "earnest money." This is a cash deposit made to the seller to secure an offer to purchase the property, and it's usually put towards the closing costs. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the initial offer – it's widely common to receive a counter offer. Don't let this intimidate you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal. We'll also work within your budget. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Secure financing
Upon completion of the deal, you'll start working with your mortgage lender to close the loan. If you're pre-approved, it won't take long at all, but you'll want to stay in close contact with your mortgage lender. And we'll care for all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of your closing costs from your lender within three days of taking your application. The estimate depends on the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a strict range of accuracy. we'll analyze the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will most often happen at a title company or escrow office and will likely be a smooth and hassle-free occurrence.
Step 9 – Move in
Success! Now you can move into your new home. Enjoy it. And if you need anything, just contact us at (407) 996-3200 or send us an e-mail.