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There are many aspects involved in the
purchase of a home, homebuyers often find
the process confusing and stressful. That's why it is so important to have a real
estate professional who can walk you through
each step and address your questions along
the way.
CENTURY 21 Solutions Realty's real estate
agents are
experts in the
Orlando real estate
market and will
work to ensure you have a smooth home buying
experience. We've provided
the basic steps of home buying in the
Orlando Florida real estate market below, but we
encourage you to contact a
CENTURY
21 Solutions Realty real estate professional
for a thorough explanation of the home
buying process.
Step 1: Determine Your Needs
The first step is to make a list of the
priorities you have for your home purchase. These
include the features, size, age and ideal
location for your home purchase. Your
CENTURY 21 Solutions Realty real estate
professional and the tools available on this
site can help you find the home of your
dreams. We can also assist you by providing
a market analysis and the latest
Orlando
real estate market trends and local information.
Step
2: Get Pre-qualified for a Mortgage
Now that you have established your ideal
home parameters, you need to determine how
much you can afford. There are many options
for those who require mortgage financing,
your CENTURY 21 Solutions Realty agent will
help you find a mortgage professional to
guide you through the process of qualifying
for a mortgage. The mortgage professional
will request that you complete a mortgage
application. The information you provide on
the mortgage application will be used to
generate your pre-approval. You will then be
asked to supply documents to support the
information in the application. Once this
documentation is reviewed by an underwriter
your loan will move from pre-approved to
approved status. An approved status can be
instrumental in the negotiation process by
giving you a competitive advantage over
other offers in the
Orlando Florida real
estate market.
Step 3: Begin Searching For Your
Perfect Home
Now that you have approved financing, begin
searching for your dream home online. You
may visit our listings page to view many
homes available in , Orange
County, Lake County, Polk County, Seminole
County, Osceola County and the
cities of Orlando, Ocoee, Winter Garden,
Windermere, Gotha, Oakland, Clermont,
Altamonte Springs, Longwood, Maitland,
Deltona, Deland, Oviedo, Apopka, Kissimmee,
Poinciana, Davenport and more. We serve the
entire Central, Florida real estate market.
Step 4: Contact CENTURY 21
Solutions Realty
Once you have gotten an idea of the
Orlando, Florida real estate market and homes you prefer,
it is time to contact a local specialist to
arrange visits and a walk-through.
Step 5: Negotiate
This is perhaps the most difficult and
unpleasant part of the process. To expedite
and smooth the process it is important to
understand both your purchasing
considerations, and the selling
considerations of the seller. Each seller
places different emphasis on timing and
pricing. Understanding the seller will be
essential to a successful negotiation.
Step 6: Inspection & Insurance
Once your offer has been accepted, the offer
becomes a binding legal document. You will
now need to coordinate some home
inspections, attain homeowners insurance and
finalize the mortgage. CENTURY 21
Solutions Realty can help explain
the details and your real estate attorney
can provide counsel on title issues and
title insurance.
The purchase contract can be written to
include a contingency for any repairs needed
on the property or related items that the
seller must take care of before closing. If
these items are not dealt with, and you have
such a clause in your contract, you can
delay or possibly cancel the closing. If
it's not stated in the contract, you could
face losing your deposit. There may also be
costly legal implications stemming from
backing out of a contract.
An "inspection contingency" is always a
good idea because it protects you as a buyer
by allowing you to cancel closing on the
deal if an inspector finds serious problems
with the property. You will usually have the
right to choose the inspector (and be
responsible for paying for the inspections).
You should consider inspections for
structural soundness, insects, environmental
hazards such as asbestos or radon gas, etc.
Contingency clauses usually satisfy the
concerns of both the buyer and the seller.
Buyers also can protect themselves by
inserting additional necessary
contingencies. You can indicate which items
like curtains and appliances are to remain
with the house and then stipulate that you
have the right to personally inspect the
home 24 hours before closing to make sure
all is in order.
Step 7: Closing
Ensure that all the paper work including
mortgage, titles and insurance are complete.
Once the property is officially yours, you
may want to consider a few things before you
move in. These items include arranging for
an alarm system, turning on the electricity
and phone, connecting to cable, cleaning or
replacing the carpet, etc. This is also a
good time to make some needed renovations
such as interior painting. CENTURY 21®
program CENTURY 21 Connections SM
offers new homebuyers great offers with
industry-leading companies on home services,
transportation and temporary housing, and
various financial and real estate services.
Contact CENTURY 21 Solutions Realty
to view the special offers available in you
area. |
