Buying or selling a home in Orlando? G World Properties can help.
Purchasing a home is intimidating for many people, but with a little planning ahead of time, it isn't that complex.
So you understand exactly what to expect, we like to supply our buyers with a road map of the whole deal.
Below are our nine steps to buying a home.
Step 1 – Prepare to buy a home
There are several things you should consider before you start looking for a home.
It's likely that you'll want to form a check list of items you need, get an idea of what school districts you want to live in, and begin planning your budget.
Ensuring your mortgage payment is less than 1/3 of your monthly income is a good principle to go by.
Step 2 – Get with a real estate agent
That's where we can help.
We'd be happy to arrange a time to get together with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans.
We'll discuss the mortgage industry, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Orlando area.
We'll also help you get started on your loan.
There are some excellent mortgage professionals in Orlando, and we partner with a lot of them, so you can rest assured that you're in great hands.
They will assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Begin house hunting
Following our initial meeting, we'll start searching for available houses on the market that meet your needs.
We'll get a sneak peek of many of the homes and exclude the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.
When we tour homes, we'll identify positive features, as well as negative ones. we'll even ask you to point out what things you like and don't like.
It's pretty common for buyers to amend their wish list as we view houses and some things become far more crucial than others.
If that happens, we'll look through the listings once more and narrow it down to the house of your dreams.
Step 4 – Get a feel for the market
Our knowledge of the Orlando market is an indispensable asset in your house search. We are conscious of all the neighborhoods and schools, and we'll will alert you to certain districts are "hot" and demand prompt action and the ones that are "cold" and allow for careful examination.
As we tour homes, we'll make sure to communicate when the asking price has room for negotiation and also when I trust the house is "priced to sell."
Every REALTOR® will claim to know the home market, but trust your instincts, and make sure you ask lots of questions.
If it seems like they don't know everything, just call us at 407-297-8500 or e-mail us at email@example.com, and we'd be more than happy to answer your questions. Our understanding of the market will keep you a step ahead through the entire deal.
Step 5 – Find your dream house
We're sure we'll find the house of your dreams in the Orlando area. When that happens, we'll precisely create your real estate purchase offer. The offer will be tailored keeping your needs in mind, including a lot of contingencies, such as getting financing, carrying out the inspection, and a clean title.
When we submit your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to buy the property, and it's usually put towards the closing costs. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the beginning offer – it's widely common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and go on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And at the end of the day, we'll create a contract that works well for you.
Step 7 – Get your loan
Once we sign the final deal, you'll start working with your mortgage lender to close the loan.
If you're pre-approved, this shouldn't take very long at all. However, you'll need to keep in close contact with your mortgage lender.
And we'll take care of 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) outlining your closing costs from your mortgage lender within three days of accepting your loan application.
This estimate is formed from the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a narrow range of accuracy. we'll review the estimate and let you know if it all looks okay.
Then we'll close on your house. This should occur at a title company or escrow office and is often a smooth and peaceful event.
Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact us at 407-297-8500 or send us an e-mail.