Steps To Buying A Home In Orlando Florida

Dated: 09/15/2019

Views: 51

What are the steps to purchase a home in Orlando Florida?

In the event that you intend to live in the house, try to envision that you will live in the house for the following 5 years that way it will be easier to examine the components that will help you figure out which house to purchase.

Regardless of whether you are going to purchase the home cash or get a loan with the bank it is important to decide a range in price.  For example, from $ 200,000 to $ 230,000 or maybe $ 150,000 to $180,000.  If you are getting a loan, familiarize yourself with the various trends in the market, loan costs, up front installment prerequisites and different options.  If you have more detailed questions about the loan process, please email me so I can answer any questions you may have and introduce you to my lending partner that will answer all questions, especially since that is his field of expertise!

The next step in the process is to determine which area you would like to live in? Is there a city, town or zip code you prefer? Do you want to live near a specific school? How close will the home be to your job? How close will your new home be to major shopping areas and grocery stores?

Now that you have determined the area you would like to live in, its time to decide the type of home you will like.  Are you looking for a single-family home?  Townhome or condo? Are you looking for a lease to purchase option?

Next you want to decide what you want and need in your new home.  How many bedrooms and bathrooms would you need to accommodate your family?  Do you want a private pool or a home that has access to a community pool? What about a 2-story or 3-story house? Do you want to live in a gated community and a safe neighborhood?

Now that you have determined the type of home you want and need; you should coordinate with a real estate professional so you can start receiving potential homes that matched your criteria via email.  (click here if you want to see a list of current homes for sale in Orlando, Florida right now!)
Once you have a list of potential homes, sort out the ones you like and coordinate with your agent to go see some of the properties.  I don’t recommend seeing too many homes for a long period of time as you can be risking losing your potential dream home to another buyer.  Once you have at least 3-5 homes that you love, go see them and try and decide based on those 3-5 homes selected.  This will ensure that you will be able to participate in the offer process of that home and not lose potential homes during the process of viewing homes that you weren’t in love with in the first place!

Once you find your dream home, its time to make an offer on it.  Your real estate professional will help you put together the offer and get the contract ready.  If your offer is accepted it can take 30 and 45 days for everything to be completed.  Your agent should write an offer contingent on the home passing an inspection to ensure you are getting a quality home.  When the offer is submitted, a copy of your pre-approval letter is sent to the seller showing that you, as the buyer, have taken the necessary steps to secure financing to purchase the home.  Your agent should also try and work with the terms of the contract and ask for seller contributions towards closing costs or any repairs needed. 

That is pretty much it!  Once the offer has been submitted and accepted, you will be in a contract to purchase your new home. 

I wanted to keep these basic steps as simple as possible but if you would like to chat and talk about the process in more depth, please do not hesitate to contact me at
(407) 922-8432 or send me an email to Theorlandorealtyguy@gmail.com

Thank You

Ramon Rodriguez
http://theorlandorealtyguy.com

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