4 STEP PROCESS TO BUYING A HOME IN FLÓRIDA

Buying or selling a house in Florida can be a complicated process, especially without the help of a Florida Realtor. Here are the typical 4 basic steps buyers will go through when conducting a residential real estate transaction:

1. Mortgage pre-approval and Decision on location

Before you start seriously looking at buying a home, there are some questions you might want to answer: In which part of the Central Florida area are you interested? What are you looking for in a new home?How many months do you have prior to your move? This is especially important if you prefer to build a new home instead of buying a resale home. Are you considering paying cash or are you going to finance?

If you are looking to buy in cash we will need a proof of funds, so this way we can put an offer on any property.But if you are considering to finance, you will need to get in touch with a private lender or a Bank to get pre approved first,that will provides you a definite idea of what you can afford and shows sellers that you are serious about buying. Remember,only with the pre approval letter we will be able to make an offer, without this letter we can’t make any offer.

Don’t know where or how to start the pre-approval process? Don’t worry, I can help you get started. We have trusted mortgage professionals on our team. 

2. Start home search

Working with a skilled and experienced realtor is one of the most important decisions you can make when buying a Florida home. With our complete and unique Data System we will send you all properties available on the market, based on the decision of your preferred location , type of home, your price range and your real estate needs. If you are thinking about building a home, i also can support you at no cost. As you work on compiling your list of the homes you want to see and are interested in, we will schedule walk-throughs and tours of the homes. This gives you the chance to see the home and determine how good of a fit it may be for you and your family.

We can help you throughout the process of buying a Florida home and can also help you get answers to any questions you may have about the properties you visit. 

3. Make an Offer

After you have found your dream home, you are ready to make an offer! As your Real Estate Agent, I will guide you throught all the buying process, from the offer until the closing of your dream home.

Your offer may be accepted, rejected, or the seller may make a counter-offer. After both parties have accepted the offer, it’s considered to be a legally binding purchase contract. 

 4. From offer to closing table

In general, the time between signing the contract and the closing date is about 30-45 days for a resale home, in case you are financing and if you are a cash buyer it can take 1 to 2 weeks. If you are buying a new home it might be 6 to 12 months before you can move into it.

For financing buyers, During these 30-45 days the following important activities below will take place:

• Escrow deposit
• Home inspection
• Mortgage approval including appraisal of home (if not a cash transaction)
• Homeowner’s insurance
• Title work and survey
• Final walk through

The final step would then be to have a closing meeting. After the title company, realtors and all parties involved have checked that everything is as it should be, funds will be transferred to the seller and you will get your keys.

Navigating this whole process on your own is long and confusing. Markets can vary wildly between zip codes and the only real way to prepare is to work with an experienced local agent. We will ensure that you set expectations that make sense for you and that you don’t overspend along the way.Contact us today and we will be more than happy to help you buy a home in Florida.