Are you buying a home in Orlando?

Purchasing a home is a stressful event for many people, but with a bit of up-front planning, it isn't very confusing. So they understand exactly what to expect, I like to provide buyers with an outline of the entire deal. Below are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer any questions you have about this information.

Step 1 – Get ready to buy
Before you start looking for a home, there are several things you'll want to do. You'll probably want to create an outline of items you want to have, get a feel for what school districts you'd like to live in, and begin planning around your budget. Keeping your mortgage payment less than or close to 1/3 of your monthly income is a good guideline to go by.

Step 2 – Talk to a real estate agent
That's where I can help. We'll 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 future plans. We'll talk about the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Orlando area.

I'll also help you begin the loan process. I work with some of Orlando's best mortgage professionals, so you're in great hands. They'll help you determine which type of loan is best for you, as well as help you get qualified.

Step 3 – Start looking for a home
After our initial meeting, I'll begin searching for houses on the market that best suit you. I'll get a sneak peek of most of the homes and reject the duds, and then we'll book appointments to view the homes when it's most convenient for you.

When we tour the homes, I'll call attention to good features, as well as bad ones. I'll even ask you to tell us about things you like and don't like. Oftentimes, buyers revise their list of must-haves as we view homes and some features become more important than others. If such is the case, I'll go back through the listings again and trim it down to the house you've been dreaming about.

Step 4 – Understand the market
My awareness of the Orlando housing market is an imperative factor in your house search. I am acquainted with all the neighborhoods and schools, and I will communicate certain neighborhoods are "hot" and warrant prompt action and the ones that are "cold" and allow for cautiousness.

When we view homes, I'll make sure to communicate if the list price has room for bargaining or if I believe the house is "priced to sell." Be mindful and be sure to ask lots of questions, as any REALTOR in Orlando will claim to comprehend 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 your questions. My market expertise will help you stay a step above the rest through the entire process.

Step 5 – Find the home you've been looking for
I'm sure we'll find your dream home in Orlando. When that happens, I'll meticulously develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are getting financing, finishing the inspection, and a clear title.

Upon submitting your purchase offer, you'll need to present "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property. The amount is typically applied to the closing costs. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer – it's extremely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and go on.

Market conditions determine how aggressively we negotiate the deal. We'll also work within your budget. And at the end of the day, we'll compose a contract that is best for you.

Step 7 – Secure a loan
After the contract is finalized, you'll begin working with your lender to close the loan. If you're already pre-qualified, it shouldn't take very long at all, but you need to keep in close contact with your lender. And I'll manage all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your loan application. The estimate is based on the loan amount, and RESPA requirements require that it has to include all closing costs and fall within a narrow range of accuracy. I'll examine the estimate and let you know if everything looks permissible.

Then we'll close on your home. This will likely happen at a title company or escrow office and will likely be a smooth and relaxed event.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, just contact me at 407-380-6363 or e-mail me at .