Category: Orlando Realtors

People’s opinions of what a fixer-upper is may vary depending on who you are and what your experience level is in fixing up homes.  If all the house needs is a coat of paint and some minor cosmetic repairs, then it’s probably worth it to do the work yourself before listing the house on the market so you can sell it to a retail buyer.

It’s always a good idea to consult your Orlando Real Estate agent before doing any work.

However, if the home is in need of some substantial repairs or a major remodel, then that’s a whole different beast altogether. Most of the time, properties that are in need of such repairs will be bought by an investor who fixes up homes for a profit.

Other times the buyer will be looking to fix up the home themselves with the intention of living there.

Most people don’t have the capacity to see past the repairs and visualize the finished product. These people need a little help and it’s up to you [the seller] to sell them what could be their dream house.

In general, it will depend on the extent of the repairs needed but, If you intend to list a fixer-upper, it will be advantageous for you to have some estimates from a few different contractors in the area.

A professional contractor has the skills and equipment needed to complete any repairs safely and in a timely manner. It’s always best to hire someone with the proper licensing and insurance to avoid any problems that may occur during the job.

By taking the time to get a few estimates for the repairs on your fixer-upper, you’ll be able to show a potential buyer the light at the end of the tunnel. It will also show the buyer that you cared enough to go the extra mile for them.

If you have a fixer-upper in Central Florida and need to sell it fast for the highest amount, call or text us at 407-902-7750 or visit https://orlandorealtyconsultants.com/

 There are many steps involved in purchasing a home. Hiring the right Orlando Real Estate Agent will be at the top of the list. There is nothing worse than working with an agent that is not capable of helping you accomplish your goal of buying a home.

Second, you need to make sure you are pre-approved for a loan. This is a big factor that many buyers overlook. Potential homebuyers will start looking at homes without any knowledge of their creditworthiness.

When looking at homes with your Real Estate agent be sure you have done your own research on school zones, commute times, and nearby hospitals, especially families with young kids.

When a homebuyer has found the right home and has an accepted contract you will need to provide the signed documents and financials to your mortgage company to start the loan process. All contingencies must be in writing.

Depending on the terms of the contract, you will have a specific time frame in which you have to complete all home inspections. You want to check the safety and condition of the home.

The inspections must be done by a professional and certified inspector, otherwise, the lender will not accept it.

There are many companies out there so you want to consult with your Orlando Realtor to make sure you hire a reputable company.

As part of the transaction, you will need a termite inspection, also called a WDO (wood destroying organism). Termites are insects that feed on dead plants, such as wood. This can be very destructive in a home.

In addition to this, you need wind mitigation. This will save you hundreds of dollars a year on your home owner’s insurance.

Now, you are approved and ready to sign. Don’t forget the final walk-thru. This is usually done a few days prior to closing to ensure the home is in the same condition as when you signed the contract.