Buying or selling a home?

Buying a home is stressful for most people, but it isn't all that complex with some up-front planning. So they'll understand exactly what to expect, I like to furnish buyers with an overview of the entire deal. These are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer any questions you have about this information.

Step 1 – Get ready to buy a home
Before you start searching for a home, there are a lot of things you'll want to contemplate. When you start your search, you'll want to form a list of must-have features, get a feel for what neighborhoods and school districts you'd like to live in, and begin working on your budget. A good rule to follow is that your mortgage payment should be close to 1/3 of your net monthly income.

Step 2 – Contact a real estate agent
This is where I come in. We'll schedule a time to get together so we can talk about why you want to buy a home and get an idea of your future plans. We'll discuss neighborhoods, school districts in the Orlando area, the mortgage industry, and any additional economic factors that could affect your buying decision today or in the future.

I can also help you start the loan process. There are some great mortgage professionals in Orlando, and I partner with a lot of them, so you can rest assured that you're in great hands. They will help you decide which kind of loan is best for you, as well as help you get approved.

Step 3 – Begin house hunting
After our first meeting, I'll start looking for houses on the market that are a good fit for you. I'll get a sneak peek of many of the houses and eliminate the bad ones, and then we'll schedule appointments to tour the houses when it's most convenient for you.

As we tour the homes, I'll identify positive features and negative ones. I'll even ask you to tell us about things you like and don't like. It's pretty common for buyers to amend their list of must-haves as we tour houses and some things become far more important than others. If that's the case, I'll look through all the listings again and narrow it down to the home of your dreams.

Step 4 – Comprehend the market
An agent's knowledge of the Orlando housing market is a crucial element in your house search. And I can assure you I'm familiar with all the neighborhoods and school districts, and I will let you know what districts are "hot" and call for immediate action and the ones that are "cold" and allow for cautiousness.

When we view houses, I'll be sure to tell you when the asking price has room for bargaining and also when I know the house is "priced to sell." When working with an agent, be careful and be sure to ask plenty of questions, as every REALTOR in Orlando will convince you they know the housing market. If things don't add up, just call me at 407-380-6363 or e-mail me at , and I'll be glad to answer any questions you may have. My market expertise will keep you a step above the rest through the entire deal.

Step 5 – Find your dream home
We'll find your dream home in the Orlando area, and when we do, I'll thoroughly create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as getting financing, completing the inspection, and a clean title.

When sending in your purchase offer, you'll want to present "earnest money." This is a cash deposit given to the home seller to secure the offer to buy the property. The amount is often put towards the closing costs. If the offer is accepted, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer, and it's really common to receive a counter offer. But don't let this discourage you. We'll talk about whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

The state of the market determines how aggressively we negotiate the deal. In addition, we'll work within your financing limits. And at the end of the day, we'll create a deal that works well for you.

Step 7 – Obtain your loan
Once the contract is signed, you'll start working with your mortgage lender to close the loan. If you're pre-approved, it shouldn't take very long at all, but you should to keep in close contact with your lender. And I'll look after all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of receiving your application. This estimate rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy. I'll examine the estimate and let you know if everything looks adequate.

Then we'll close on your house. This will most likely occur at a title company or escrow office and is often a smooth and relaxing occasion.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 407-380-6363 or e-mail me at .