Are you buying your home in Central Florida? Southern Prestige Realty can help.

With a little planning ahead of time, buying a home isn't too complicated, but the event can be stressful for a lot of people.  We like to furnish buyers with a road map of the entire deal so they understand exactly what to expect. Here are our nine steps to buying a home. Should you have any questions about any of this information or if you're ready to get started, you can contact us here or e-mail us at sprcoordinator@gmail.com.

Step 1 - Prepare to buy
Before you commence your home search, there are a lot of things you need to do. It's likely that you'll want to form a list of features you want to have, plan for what school districts you want to live in, and start planning your budget. Ensuring your mortgage payment is less than or close to 30 percent of your net monthly income is a good rule of thumb to adhere to.

 

Step 2 - Connect with a real estate agent
This is where we can help. We can set up a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll talk about everything from neighborhoods, schools in the Clermont area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.

 

We will also assist you in getting started on your loan.  We partner with some of Central Florida's finest mortgage professionals, so you can rest assured that you're in great hands. They'll assist you in determining which kind of loan is best for you and help you get qualified.

 

Step 3 - Start looking
Following our initial meeting, We will begin finding available homes on the market that suit your needs.  We'll preview most of the homes and throw out the bad ones, and then we'll set up appointments to tour the homes when it's convenient for you.

As we tour the houses, We'll show you the good features, as well as negative ones. And we'll ask you to point out what things you like and don't like. It's common for buyers to amend their wish list as we tour homes and some items become far more necessary than others. If such is the case, We can look through all the listings another time and trim it down to the house of your dreams.

Step 4 - Know the housing market
Our awareness of the Central Florida housing market is a leading factor in your home search.  We are familiar with all the neighborhoods and school districts, and we will let you know certain areas are "hot" and call for prompt action and some that are "cool" and allow for more analysis.

As we tour houses, We'll let you know when the list price has room for negotiation and when we trust the house is "priced to sell." Any REALTOR in Clermont will convince you they know the market, but be mindful, and make sure you ask lots of questions. If it appears they don't know everything, contact us at (407) 477-4277 or e-mail us at sprcoordinator@gmail.com, and we'll be more than happy to answer any questions you might have. Our market knowledge will help you stay a step ahead throughout the entire process.

Step 5 - Find your dream house
We are confident we'll find your dream house in Clermont. When we do, we will thoroughly develop your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as obtaining financing, finishing the home inspection, and a clean title.

When sending in your offer, you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property and is often applied to the cost of closing. If the offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

 

Step 6 - Negotiate the deal
A lot of contracts don't close on the first offer, and it's pretty common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

Market circumstances will play a part in how aggressively we negotiate the contract. In addition, we'll work within your budget. And at the end of the day, we'll create a contract that works well for you.

Step 7 - Get financing
After we sign the final contract, you'll begin working with your lender to close the loan. If you're pre-qualified, this won't take much time at all. However, you'll want to keep in close contact with your lender. And we'll care for all the property information your lender needs to close the loan.

Step 8 - Close the deal
Your mortgage lender will send you a Loan Estimate (LE) detailing closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of accepting your loan application. This estimate is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a tight range of accuracy, and I'll analyze the estimate and let you know if it all looks good.

Then it's time to close on your home. This will likely happen at a title company or escrow office and should be a smooth and relaxed occurrence.

Step 9 - Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, be sure to call us at (407) 477-4277 or e-mail us at sprcoordinator@gmail.com.

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