A few things to consider before selling…. We get it, it is a sellers’ market, but don’t be fooled! Before
Home Purchasing Being Prepared
Hey there Hi there Ho there
Being prepared when purchasing a home will put you at the head of the class. Homes in and around the Orlando area move quickly, and the great value homes ( beautiful at discount price) go quickly. Often a home can have multiple offers on the first day it is available for purchase.
How can you separate yourself from the others? Being prepared may make the difference. If you are searching for homes to purchase, you should also be searching for a lender because in the end if you do not qualify for a home loan all of the searching will not matter. Maybe you find your dream home but the lenders will not borrow the funds, the disappointment can be striking. Be prepared contact a lender now and request a financial qualified pre-approval. Many home sellers are requiring a full financial qualified pre-approval which requires sharing your income statements, monthly debt payments (cars, other home, credit cards, alimony), and money you have available for down payment , so they can determine your maximum purchase power. Being able to show the seller you have the absolute ability to purchase can place your offer ahead of others even with a higher bid. The sellers want to sell, but many will not want headaches for a slightly higher price.
If you do not have a lender in mind we have a relationship with a few we can recommend, just ask email@example.com. Otherwise your local credit union can be a good option, as you are part owner if you have an account. Having been a mortgage loan officer in the past there can be huge money differences between lenders. Shop at least 2 lenders, or even online comparison shop. Always ask for the APR rate which includes the lenders fees. One 5% rate from one lender can really be 5.5% or more at another depending on add on fees. The APR rate is a good measuring point for comparison shopping.
Request the prospective lender give back all documents, and or make copies prior to sending them, or dropping them off. If you need to change lenders, or shop they may need those same documents. When you have your qualified pre-approval lender send a copy to your real estate agent (Me) so he has it when you are ready to make your first offer.
One last thing to keep in mind are home inspectors. When your offer is accepted you will have a short period of time in order to have the home inspected. Now is the time to consider if you will want a home inspection done. Home inspections may save you money and headaches in the future, and should be a consideration. Do you know how to detect for termites, Chinese drywall, flood zones? if not find a good FLORIDA CERTIFIED Home inspector. Unless you know someone we suggest starting with a google search for Orlando Cerified Home Inspectors Quick link .
Thank you and happy hunting
Randy Coppernoll Larosa Realty