Buying or selling a home in Central Florida?
Buying a home is intimidating for many people, but with a bit of up-front planning, it's not too complex.
We like to give buyers a road map of the whole deal so they'll understand exactly what they can expect.
Here are our nine steps to purchasing a home.
Step 1 – Get ready to purchase
Prior to beginning your home search, there are several things you need to do.
When you start your search, you'll want to form a check list of features you need to have, get a plan of what neighborhoods and school districts you'd like to live in, and begin working on your budget.
A good principle to follow is that your mortgage payment should be a third of your monthly income.
Step 2 – Get in touch with the best real estate team
That's where we come in.
We can arrange a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage industry, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and schools in the Central Florida area.
In addition, we'll help you start the loan process. The Sally and David Team of Charles Rutenberg Realty works with some of the finest mortgage professionals in Central Florida, so you'll be in great hands.
They'll assist you in choosing which type of loan is best for you and help you get qualified.
Step 3 – Start house-hunting
After our initial meeting, we'll start searching for homes on the market that suit your exact needs.
We'll get a sneak peek of the best homes available and remove the duds, share via email an initial group of available homes for you to preview, and then by working with you, we'll schedule appointments to view the homes at a time that's convenient. You will also receive real-time alerts to any new listings that come available as well as market alerts for listings going under contract or recently sold, only within the areas or communities you care about, so that you are always kept in the loop as to new opportunities and market activities.
When we tour the homes you've selected, we'll point out positive features, as well as negative ones. We'll even ask you to tell us about things you like and don't like so that we can refine your search preferences.
It's pretty common for buyers to amend their wish list as we tour homes and some things become far more essential than others.
If that's the situation, we'll search the listings once again and trim it down to the home you've been wishing for.
Step 4 – Get a feel for the market
Your agent's awareness of the Central Florida home market is an essential element in your house search. And we assure you we're well acquainted with all the schools and neighborhoods, and we will communicate which districts are "hot" and warrant immediate action and the rest that are "cool" and allow for thoughtful examination.
As we tour homes, we'll be sure to tell you if the list price has room for negotiation or if we believe the home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask plenty of questions, as every real estate agent will claim to truly know the market.
If it doesn't seem like they know everything, call us at 407-928-3760 / 407-687-7295 or e-mail us at firstname.lastname@example.org / email@example.com, and we'd be glad to answer any questions you have. Our understanding of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
We know we'll find the home of your dreams. When we do, we'll thoroughly develop your real estate purchase offer. The offer will be custom tailored to suit your needs, specific to your goals and most importantly, minimizing your risk and exposure. A few examples are acquiring financing, completing the inspection period, and ensuring clean title and title insurance.
When submitting your offer, you'll likely want to present "earnest money." This is a cash deposit made to secure the offer to purchase the property and shall be credited to you at time of closing. If the offer is accepted, we will manage the process for you, allowing plenty of time for your mortgage financing, home inspections and any final details important to you.
Step 6 – Negotiate
Most contracts don't close on the beginning offer, and it's widely common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing constraints. And when it's all said and done, we'll create a contract that's best for you.
Step 7 – Obtain your loan
Once the deal is signed, you'll start working with your lender to close the loan.
If you've been pre-qualified, this shouldn't take much time at all, but you'll need to keep in close contact with your mortgage lender.
And we'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) detailing your closing costs within three days of taking your application.
This estimate rests on the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a tight range of accuracy. we'll study the estimate and let you know if everything looks permissible.
Then we'll close on your home. This will probably take place at a title company or escrow office and we will ensure that it will be a smooth and comfortable event.
Step 9 – Move in
Success! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, just contact us at 407-928-3760 / 407-687-7295 or send us an e-mail.