The typical seller believes that once they pay off their loan and pay their Orlando realtor whatever commission was agreed upon then they get the rest of what’s left over. Very few homeowners give much thought to closing costs. When we say closing costs, we are referring to all the taxes, fees [...]
Before you go house shopping in Orlando, the most important thing to do is get pre-approved for a mortgage.
With a pre-approval letter in-hand, you’ll know how much you can afford to pay for a house.
This amount of the loan you get approved for is determined by your lender based[...]
The pre-approval process is a huge benefit both to buyers as well as Orlando real estate agents, primarily because it lets you know up front how much you qualify for, so you don’t have to waste time looking at homes you cannot afford.
Getting Preapproved also gives is us peace of mind. I [...]
Loan modifications have helped tens of thousands of Orlando homeowners to keep their homes in recent years. However, with Loan Modifications, you have to be aware of the fine print and know exactly what you're getting yourself into.
Sometimes...terms of a loan mod are much worse than the original [...]
2007 was a bad year for Orlando real estate just as it was for the rest of the country. It was especially devastating for people who lost their homes to foreclosure or were forced to do a short sale in order to avoid foreclosure. Since that time many people have managed to recover from the market [...]
Orlando Realtors are highly aware that no homeowner likes to sign a contract that's contingent on a potential buyer selling their primary residence. Most homeowners won't be approved by any lender to purchase a new home without first selling the one that they live in anyway.
Many people that are [...]
Congratulations! After months of having strangers walk through your home with your Orlando listing agent you finally got the offer that you wanted and the closing went off without a hitch. No it's just a matter of handing over the keys to the new owner and turning the page on this chapter of your [...]
First time Orlando home buyers are always bursting with questions about the home buying process, and they should be. Buying a home is one of the most if not the most important decisions of your life, especially if it's your first time. For most people, the process can be overwhelming and even [...]
Buyers looking for that perfect home in Orlando are finding out that they need to prepare for a fight. Because of a hot market causing lower than normal inventory, hungry buyers are engaging in bidding wars everyday. Bidding in a hot market can be a fight and lately, it's been all about who's [...]
Once there is a solid offer on a property, it's time to begin the closing process. The closing process can be explained best by breaking it down into steps.
The first step is the signing of the contract by both the buyers and sellers. This is done after both parties have agreed to all the terms [...]