1) You should already have a strong idea of what you're looking for. LOCATION is extremely important. I try to buy in areas that are in high demand/upscale neighborhoods. On a smaller income this can be tough, but it's not impossible. Many Realtors get bombarded with empty leads - don't waste their time if you aren't ready. There are many sites you can use to view homes, that plus google street view. Some Realtors have multiple clients or work other jobs and will try to put you on the back burner especially if their commission isn't that high. This is not acceptable. Work with an attentive and knowledgeable Realtor. A few of them seem to have left you honest, impressive advice. Use a Realtor who will be blunt with you.
2) A "good deal" shouldn't stop you from performing your due diligence. Do your research. Check with the city for any permit violations, or future plans that might negatively affect property values (i.e. a major highway planned too close to the subdivision, large apartment complex planned too close to residential homes, etc). Alternatively, some future plans are beneficial - SODO, d/t Publix, the Amway & Performing Arts Centers are reasons why I chose to buy my home in the downtown area. Most people want to live closer to amenities. When you find a home, view the neighborhood at various times of the day and talk to the neighbors as they often have a lot of info on the property for sale.
3) How's your credit? A score above 720 can command lower interest rates. Have enough money for a down payment? Conventional= 20% vs FHA =3%. Property taxes, homeowner's insurance, and HOA dues if any are things that need to be considered. There are plenty of mortgage calculators online which would give you an idea of what to expect. Have money set aside for any upgrades or unexpected repairs. Great deals can be found with short sales/foreclosures or homes that need some work.
4) Are you sure you want to buy? Owning is nice, but it's not for everyone. What are your goals? If you don't mind having roomates or owning a property with an apartment suite, they both can bring provide income to lower your mortgage payments, thus freeing up cash for other things. Just be sure to live within your means and plan ahead, and you should be okay.
There are many good buyer agents and unfortunately there are even more that aren't. I would first say that any of the ones that have responded to your question would be a good option because they take their profession seriously. I work with buyers though out central Florida and my process is as follows:
1. Introduction to the different financial options and programs. This includes getting pre-approved with a lender. This isn't so much to know the buyers maximum amount but to really understand what their payments would be and determining their comfort level.
2. Get familiar with the different areas/communities that have properties in the price range that meet your comfort level.
3. Narrow down the area and view the homes that are available that fit your criteria.
4. Decide to make an offer, and I will pull comparable properties so that you will be well informed before making the offer. We then make the offer.
There are many ways that things can go from here based on the response from the seller. Yet by this point you will have a team of professionals working towards your goal (agent, lender, processor, inspectors).
Even if you aren't ready for step 1. just yet, you can still search homes for free and "window shop" until you are ready to speak with an agent. Check out http://www.FreeOrlandoHomeSearch.com
One last key point is when you find the agent that you want to work with; commit to working with that agent by letting them know you are committed and ask that they commit to your needs as well. Believe me the agent will greatly respect this and in return you will be priority client among the many uncommitted buyers.
Magic Key Realty
If you are not already working with an agent I would welcome the opportunity! I would love to meet with you in person, or on the phone so that I can ask you some pertinent questions to help me determine what works best for you. I am a Buyer's Agent with lots of knowledge and experience with first time homebuyers. I have successfully helped many renters just like yourself on the road to homeownership and all the benefits that come with it, and I would be happy to help you also. Feel comfortable to give me a call, or send me a quick email with your personal contact and I will get back to you. Best regards.
Buying a home is one of the most rewarding and stressful things you can do at the same time! So congratulations on deciding to take that step. Choosing the right buyers agent to assist you is key. My detailed first time home buyers package that goes over everything from beginning to end is just one of the tools I use for my buyers. I also have past surveys from several buyers for you to review. It is important to me for future buyers to know what kind of agent I am and sending you past surveys is the best way for you to see that.
When working with a buyers agent it is important that they are knowledgeable. It is also important that you mesh well. Communication is very important throughout the real estate process.Please take a minute to view my profile and endorsements to see if you would be interested in working with my. I look forward to earning your business.
Exit Realty Central
Check out my page there, I have some great articles for you to reaed.
Most important I am patient and I know that is what you are looking for. There is nothing worse than someone trying to push you into something
Contact me at (407)615-2863 or email me tanya@MyEastOrlandoagent.com
I would be glad to help you
I have been selling Real Estate in the Orlando (and all outlying areas) for over 30 years. I specialize in meeting the special needs of the first time buyers and have a vast degree of experience, patience and knowledge that is needed in guiding a buyer through the home purchase process. Pls. contact me at your convenience and be prepared to be impressed. I look forward to derving your real estate needs.
EXIT REALTY CENTRAL
711 N. Orlando Ave., #302
Maitland, FL 32751
I also have been a licensed home improvement contractor for 25 years and am able to see things most other agent can not. So when it comes to walking through on the first visit I can tell what, if any the costs would be if repairs are needed. Is the roof good, is the home in a low lying area, Block VS Wood framing and the list goes on.
I also work with some of the best Local banks & lenders like, RP Funding and Trustco who offer HUD loans with 100% financing, FHA , VA and more.
Please give me a call or email to set up a time to see if you like what I am able to offer you as your buyers agent. You may contact me Via phone from 8AM-7PM 7 days a week, email anytime.
330 E. Central Blvd.
Orlando, Fl. 32801
Please go to this link to check out my recent reviews from my clients.
If you are happy with what you read, contact me to move forth.
DIRECT SELL & TEXT: (407) 619-1961