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.
