Buying Process

I understand that this is a major investment and it is important for you. I am here to help you every step of the way. Understanding the buying process will support your success.

Steps

Step 1 - Understanding your goal

Your first step in buying a property is to fully understand your finances. It's not as fun as looking at homes, but it's important and necessary to determine your objective, the property type and how much you want to invest.

The proof of funds and the pre-approval letter are valuable documents that indicates that you are a serious buyer and means that you are ready to move quickly on a property when you find one you love.

Step 2 - Understanding today's market

Buyers are looking into the ascending curve of a real estate investment and Orlando is on the rise.

-Showings: Most showings are being set on a schedule of a few days.

-Offers: As the market is shifting, most offers have been presented by the seller's agent as they come in.

-Your Offer: Most listings requests offers to be submitted with Proof of funds for a cash offer and a pre-approval letter for financed offers.

-Active vs. Pending Status: The inventory is steadily increasing, increasing buying power. The houses are moving relatively quickly average of 38 days. Seeing houses and not being able to make a quick decision is a waste of time.

-Moving Forward: It is important to have a realtor representative that is equipped with mortgage solutions to help you achieve affordable mortgage monthly payments. Looking back will not allow you to move forward.

Step 3 - Finding your team

There are many people involved in your home buying journey. As your real estate agent I will point you to a list of professionals who will help you achieve a successful transaction.

Step 4 - Finding the right home

Now that you've been pre-approved and have your team, it's time to start looking for your new home. This is an exciting time as you'll lock down your location, property type and must-have features.

Step 5 - Working with your lender

Buying a home can seem overwhelming, but your lender can provide a steady hand. The mortgage process can be broken into a number of steps: pre-approval, house shopping, mortgage application, loan processing, underwriting, and closing.

Step 6 - Making your offer

You've found your dream home and now it's time to make an offer. The offer will be presented on the Florida Realtors Residential Contract For Sale And Purchase with a good faith deposit to be held in escrow by a title company. In most real estate markets, the average good faith deposit is between 1% and 3% of the property's purchase price and it can be as high as 10% for highly competitive homes with multiple interested buyers.

Step 7 - Home Inspection and Appraisal

These are two critical steps in your home buying journey. As your real estate agent I will help you find out what you need to know and understand why home Inspection and appraisal are so important to you and your lender.

Step 8 - Closing your loan

The final step of the home buying process involves signatures, documents and keys. As your real estate agent I will help you prepare and understand what to expect.