Are you contemplating purchasing your home in Kissimmee? Ramada Property Group Inc can help.
Buying a home is an intimidating event for most people, but with some planning ahead of time, it isn't that complicated.
So you'll know exactly what to expect, we like to give our buyers a road map of the whole deal.
Here are our nine steps to purchasing a home.
When you're ready to get started, just contact us here or send us e-mail
. We're happy to answer any questions you have about this information.
Step 1 – Prepare to purchase
Before you start searching for a home, there are plenty of things you should take into account.
When you begin your search, you'll probably want to create an index of features you need, get an idea of what school districts and neighborhoods you want to live in, and start working on your budget.
A good guideline to follow is that your mortgage payment should be less than or around a third of your monthly income.
Step 2 – Contact a real estate agent in Kissimmee
That's where we come in.
We can schedule a time to meet so we can talk 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 buying decision today or in the future, as well as neighborhoods and schools in the Kissimmee area.
We'll also help you begin the loan process.
We work with some of Kissimmee's best mortgage professionals, so you're in great hands.
They'll help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking
After we meet, we'll start finding houses on the market that meet your needs.
We'll get a sneak peek of most of the houses and throw out the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.
When we tour the homes, we'll point out positive features and negative ones. we'll even ask you what things you like and dislike.
It's common for buyers to amend their list of must-haves as we view houses and some things become far more important than others.
If that's the situation, we'll search the listings again and trim it down to the home you've been waiting for.
Step 4 – Get a grasp of the market
Our awareness of the Kissimmee housing market is a valuable benefit in your search. We're familiar with all the school districts and neighborhoods, and we can communicate some neighborhoods are "hot" and call for prompt action and the ones that are "cold" and allow for thoughtful consideration.
When we view homes, we'll make sure to communicate when the list price has room for negotiation and also when I think the house is "priced to sell."
Be careful and be sure to ask plenty of questions, as any REALTOR® will convince you they know the market.
If it doesn't seem like they know everything, just call us at 407-847-8100 or e-mail us at firstname.lastname@example.org, and we'll be happy to answer your questions. Our market expertise will help you stay a step ahead through the entire process.
Step 5 – Find your dream home
We're positive we'll find your dream house in Kissimmee, and when that happens, we'll thoroughly develop your home purchase offer. The offer will be made with your needs in mind. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
When sending in your purchase offer, you'll probably want to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property. The amount is often applied to the cost of closing. If the seller accepts your offer, we should close on the home within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the initial offer – it's really common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
The state of the market will play a role in how aggressively we negotiate the deal.
We'll also work within your financing limits. And at the end of the day, we'll compose a contract that's best for you.
Step 7 – Obtain your loan
Upon signing the contract, you'll start working with your mortgage lender to close the loan.
It shouldn't be a long process at all if you're already pre-approved, but you'll need to keep in close contact with your lender.
And we'll care for all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
Your mortgage lender will give you a Good Faith Estimate (GFE) of your closing costs within three days of receiving your loan application.
This estimate is formed from the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a close range of accuracy. we'll analyze the estimate and let you know if everything looks good.
Then we'll close on your home. This will most often happen at a title company or escrow office and will most often be a smooth and easygoing affair.
Step 9 – Move in
Success! Now you can move into your new home. Enjoy it. And if you need anything, be sure to call us at 407-847-8100 or send us an e-mail.