The Home Buying Process
Overwhelmed by the process of buying a home? Our real estate specialists have been living and working in Central Florida for decades and know all the ins and outs of the process. Here are some of the most important steps.
Worth Real Estate Company
Buy a House with Worth Real Estate Company
Whether it is your first time buying a property or not, the buying process is a big and exciting move.
From location to amenities, mortgages to inspections, the process of buying a home can get a little confusing. Fortunately, we’re here to help you stay on top of everything that’s happening. Here are some tips for navigating the home buying process.
You need to go through a process when buying a house. If you are planning to buy properties in the Lake Nona area, you need to follow a step-by-step guide to having a smooth home buying process.
Buying in Your Budget
The type of home you buy will mainly depend on how much you can afford. Now is the time to get your finances in order, because there’s more to budgeting for a home than you might realize. Unless you’re buying your home with cash, you’ll probably be applying for a loan.
Keep your credit score in tiptop shape by staying current on your credit card payments and any other loans you may have, and avoid applying for new lines of credit while you’re shopping for a home.
Make sure you have enough money for any down payment and closing costs. This will be a percentage of the home’s value (anywhere from 3% to 20% minimum depending on the lender) along with any required fees.
Another important financial consideration is auxiliary costs. These include Homeowner’s Association (HOA) fees, homeowner’s insurance premiums, and annual property taxes that you’ll have to keep paying as long as you own your home.
All About Your Home
This is the fun part! You get to dream about your ideal home: the style, layout, size, and more. Do you want extra upstairs bedrooms for the kids or a home office downstairs? Are you looking for a bright, airy kitchen or a backyard with a pool? There’s a home out there for you, and your realtor knows where to find it.
Location, location, location. Where you choose to live helps determine the type and price of homes you might see. Some important factors for you might be proximity to work, the school system, convenience of shopping, and ease of travel or public transportation. Many of our communities offer amenities such as clubhouses, pools, playgrounds, dog parks, and outdoor sports facilities. We can help you find the best home for your needs.
The Offer
Once you’ve found the perfect home, it’s time to make an offer. This is a formal written contract laying out all requirements and terms for both the buyer and seller. Your realtor will help you fill out all the necessary forms and determine your offer amount.
We always keep up with the current market trends and can help you negotiate or decide whether to increase your offer if a property has several interested buyers.
Contracts
Offer accepted! Now we move on to the inspections and contingencies listed in your contract.
In Florida, the two main documents used are the standard purchase agreement and the “as-is” purchase and sale agreement (PSA). We can help you decide the best type of contract for you.
Regardless of which document you choose, it will contain the following items:
- Offer price
- Amount of earnest money (pre-deposit) put down, and value of the full deposit at end of due diligence
- Seller’s response time
- Proposed closing date (typically 30-45 days)
- Days allotted for due diligence
- Repair limits (if using standard contract)
- Financing contingency and time frame
- Inventory of items included in purchase, including any furnishings, decor, and appliances
Closing
Today’s the day! All the hard work you and your team have put in will pay off today. At the closing meeting, you’ll sign all the paperwork and we’ll check everything with you to make sure it’s in order. Finally, the funds will be transferred over and you’ll get the key to your new house.
Congratulations, and welcome home!
It’s your time to buy a house
New Home Buyers
Did you know that it doesn’t cost you anything to hire a realtor? That’s right, the seller pays the fees for both the listing (seller’s) agent and the buyer’s agent.
The right realtor can make a world of difference when it comes to ensuring a smooth transaction. Find out more about what to expect when buying your first home, and get in touch with us today!
Worth Real Estate Company
Ready to find your new home?
Are you planning to buy a new home or list your property for sale in Lake Nona, Kissimmee, Saint Cloud, Downtown Orlando, Central Florida, and other surrounding areas? You need to work with a trusted real firm like Worth Real Estate Company to guide you throughout the process of buying a home.
Download a free Home Buyer’s Guide packed with valuable information on current market trends and other home buying insights.
The best way to buy a house
Why buy a house with Worth Real Estate Company?
We will find a property that is worth it for you!
Your home is one of the most significant investments you will ever make. You need clear, trusted information and guidance on Central Florida real estate for buying or selling your property.
That’s where Worth Real Estate Company comes in. With over 40 years of experience in real estate, we have made a name in the industry as a trusted real estate company in Florida and the United States.
With our experience and expertise, we can find the best properties for your family!
Lake Nona Real Estate
Why work with Worth Real Estate Company?
The numerous investments, listings, and paperwork requirements require a lot of effort to buy or sell a property. Working with a Real Estate Agent lessens the hassle of buying or selling a property. Worth Real Estate Company ensures prompt, dependable, and competent service with the help of our esteemed experts.
Worth Real Estate Company provides service to future homeowners or property sellers. We do Property Listing, Estimates, Property Management, and other services covered when you buy or sell a property. Our services are designed to continue allowing clients to make the best move possible.
