Purchasing your new home in Central Florida

Purchasing a home is an intimidating event for many people. However, with a little planning ahead of time, it's not that complex.I like to furnish buyers with an overview of the entire deal so they know exactly what they can expect.Below are my nine steps to purchasing a home.

When you're ready to get started, you can contact me here or send e-mail to info@sunstarteam.com. I'm glad to answer questions you have regarding this information.

Step 1 – Prepare to purchase
Before you begin your home search, there are plenty of things you need to do. You'll most likely want to form an outline of features you want to have, plan for what neighborhoods you want to live in, and start planning your budget.Keeping your mortgage payment around 1/3 of your monthly income is a good principle to go by.

Step 2 – Speak with a real estate agent in Kissimmee
That's where I come in.I'd be more than happy to plan a time to get together with you and speak with you about your real estate needs and get an idea of your future plans.We'll discuss the mortgage and housing industries, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Kissimmee area.

In addition, I'll assist you with getting started on your loan.Sunstar Realty LLC partners with some of Kissimmee's best mortgage professionals, so you're in great hands.They will help you choose which type of loan is best for you, as well as help you get approved.

Step 3 – Begin house hunting
After we meet, I'll begin looking for available houses on the market that are a great fit for you.I'll get a sneak peek of many of the houses and reject the bad ones, and then we'll set up appointments to tour the houses at a time that's convenient for you.

As we tour homes, I'll point out positive features, as well as bad ones. I'll also ask you about things you like and dislike. Frequently, buyers change their must-have list as we tour homes and some items become far more substantial than others.If that's the situation, I'll look through all the listings once again and trim it down to the home you've been wishing for.

Step 4 – Know the housing market
Your agent's awareness of the Kissimmee home market is a fundamental aspect in your home search. And I assure you I'm mindful of all the neighborhoods and school districts, and I'll communicate some neighborhoods are "hot" and call for immediate action and others that are "cold" and allow for thoughtful examination.

As we view houses, I'll be sure to tell you when the seller's asking price has room for negotiation and when I believe the house is "priced to sell."When working with an agent, be on guard and make sure you ask plenty of questions. Every real estate agent will claim to truly understand the market.If things don't add up, just call me at 4076414694 or e-mail me at Jrivera@sunstarteam.com, and I'd be more than happy to answer your questions. My understanding of the market will keep you a step above the rest throughout the entire deal.

Step 5 – Find the house you've been waiting for
I'm confident we'll find your dream home in Kissimmee, and when we do, I'll carefully create your home purchase offer. The offer will be written keeping your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.

Let Sunstar Realty LLC guide you through finding your dream home in KissimmeeWhen submitting your offer, you'll likely need to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property. The amount is usually applied to the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the initial offer, and it's extremely common to receive a counter offer. Don't let it alarm you. We'll consider whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.

Market circumstances will play a big part in how aggressively we negotiate the deal.In addition, we'll work within your financing limits. And at the end of the day, we'll put together a deal that is best for you.

Step 7 – Secure financing
Upon finishing the deal, you'll begin working with your mortgage lender to close the loan.If you're pre-qualified, this shouldn't take very long at all, but you need to keep in close contact with your lender.And I'll care for all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining your closing costs from your mortgage lender within three days of receiving your loan application.This estimate is formed from the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a strict range of accuracy, and I'll go over the estimate and let you know if it all looks all right.

Then we'll close on your house. This will most often occur at a title company or escrow office and will most likely be a smooth and peaceful occasion.

Step 9 – Move in
You made it! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call me at 4076414694 or send me an e-mail.

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You made it! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call me at 4076414694 or send me an e-mail.