You’ve decided that you want to plant some roots in Orlando, FL by purchasing a home. So, where do you start? Well, the first step you are going to want to take is to start by doing a little research. You can begin by going online, looking up some of the areas you like, and then finding a few homes you think you might be interested in buying. Remember to look for homes that are more likely to fall within your budget.
After you have created your list of homes, it’s time to consider how much you can really afford. According to Discover, lenders recommend that people look for homes that cost “no more than three to five times their annual household income” if you plan on putting down 20% of the entire cost of the home. Once you know what you are able to spend, then you are going to want to get prequalified and preapproved for credit for your mortgage, says Discover.
Once your lender determines how much they will lend you, this will give you a better idea as to how much you can spend on a home. In the event the lender approved for you an amount that is less than what you wanted, you might need to review your list of homes and decide if you need to look for properties that fall into your price range.
Find a Real Estate Agent
Your next step is to find an agent. A real estate agent will show you additional homes you can afford and provide you with access to them to see if they are the right fit for you. Once you find a home that checks all your boxes, your agent will help you to put in an offer. If your offer is accepted or after some negotiation, the seller is willing to accept what you offered, you are then going to need to consult with a real estate lawyer in Orlando, FL.
Contact an Orlando, FL Real Estate Attorney
After your offer has been accepted, paperwork will need to be drafted and signed. However, before you agree to purchase the home, you are going to want to have an Orlando, FL real estate lawyer at Legal Counsel P.A. conduct a title search on the home. A title search will not only confirm who owns the property, but it will also help you to identify any hidden issues (i.e. claims, liens, etc.) that could come back to haunt you. In the event any issues do arise, your lawyer will work to get those cleared up so that you can complete the home buying process.
When the time comes for you to speak with a real estate lawyer in Orlando, Legal Counsel P.A. will be ready to help you.
Legal Counsel P.A. has an office in Orlando which is located at:
189 S. Orange Avenue, Ste. 1800
Orlando, FL 32801
Email: [email protected]