Are you excited about buying a new house? This is a feeling unlike any you have experienced before, so savor every moment. With that being said, we do understand that sometimes you might feel a little overwhelmed, and that is completely natural. Don’t give into your intuitive decision because your time and money are at stake. Don’t pop open that champagne bottle just because you found your dream house. It might seem like a good decision to you now, but feeling regret after you have the keys to your house in your hand will ruin your experience.
Rule 101 of real estate is that you need to have connections with the right people. First up in line is an Orlando buyer’s agent who will guide you throughout the process. If you have a licensed professional working by your side, you can be assured that this process will go quite smoothly.
Let’s begin:
Step #1
Do Your Homework
What is it that you are looking for in a house? Have you picked up a neighborhood? The types of facilities and amenities you want available nearby? Commute reach? These are just some of the factors you should look into before setting out to find a house.
Step #2
Shop for a Buyer’s Agent
A reputed Orlando buyer’s agent has several property listings that will not be found online. Talk to at least three Windermere Florida realtors and then take a decision based on the information you have gained.
Step #3
Get Pre-Approved
Getting pre-approved is a simple process that allows you to find how much you can afford based on your savings and income. The approval letter shows the seller that you are an interested buyer and simplifies your home-buying experience.
Step #4
Visit Open Houses
Before starting with the private tours, ask your Orlando buyer’s agent to take you to open houses. Here, you will get valuable information on how hot the market is and for what features people are willing to pay for.
Step #5
Enter the Bid
Place an offer immediately through Dr. Phillips realtor, even if you find a house that has 8 out of 10 facilities and amenities you were looking for. Sit down with your agent and work on a plan. Several contingencies might come in play after the offer is made, such as a counteroffer, a bidding war, and a tricky negotiation.
Step #6
Negotiate
In order to negotiate like a pro, your buyer’s agent should have all the necessary information on hand, so that you can send your own counteroffer as soon as the seller’s offer comes in.
Step #7
Consider Home Inspection
Once you have settled on a price, get started with the home inspection. If you find any problems such as those concerning the plumbing, insulation, or foundation, re-negotiate with the seller.
Step #8
Shop for a Mortgage
Now that you know the house is in a good condition, start shopping for a mortgage. Visit different lenders and collect quotes on interest rates. This will help you determine your monthly payments. Ask your Ocoee realtor to get you in touch with lenders to speed up the process.
Step #9
Get the House Appraised
In order to make sure that the asking price quoted by the seller is fair, get the house appraised by a third party.
Step #10
Close the Deal
Co-ordinate the paperwork and go over each document to make sure that the clauses mentioned are not misleading. After the title company clears the paperwork, all you need to do is wait for a couple of days for the check to reach the seller and then you can move into your new house.
Congratulations! You are finally a homeowner. You can pop that champagne bottle now.
Looking for a licensed Orlando buyer’s agent? Visit Megan Dowdy Realty to have a great first home buying experience. To get in touch with them, call at 407-509-9279.
