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Home Buyers Resources

Orlando area Housing Sales Increase 4 months in a row!

June had over 2,000 closed sales!
t's been over 2 years since we've had over 2,000 sales!
Year to date, 2009 sales are up over 53% compared to 2008!
Inventory is down from over 24,000 in June 2008 to just over 17,000 June 2009!
We're down to just over an 8 month inventory supply. A 6 month supply is considered a good balance between buyers and sellers.
There are DOUBLE the number of pending sales June 2009 (7,230) vs June 2008 (3,329)

July had 2,142 sales nearly DOUBLE from last July!

Do not sit on the sidelines long especially if you qualify for the $8,000 tax incentive!

New home sales rise by largest amount in eight years!

Your timing couldn't be better as we are firmly in one of the the strongest buyer's markets in recent history! However, the indications are that the market in this area is reaching a balance.

New U.S. home sales surged 9.6 percent in July, rising for the fourth straight month!

The goal of this page is to provide a one stop resource to learn as much as possible about buying a home. informed buyers are my best customers!

How much do your services cost to work with a buyer?

Buyers don't pay for my services directly.

Some agents/brokers charge an administration fee at closing, costing you several hundred dollars. You will not pay any administration fees with me!

The way I get paid is from an agreed upon commission that is paid out of the Seller's proceeds at closing.

What is a Realtor?

  • A real estate agent is a REALTOR® when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate® -- the world's largest professional association. REALTORS® are pledged to a strict Code of Ethics and Standards of Practice. Working for America's property owners, the National Association provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.
  • About 50% of all real estate agents are REALTORS.

What do I need to look at properties and make an offer?

After you do your research from the links on this page you should have a good idea of what you can afford.

The next step is to get a Pre-Approval letter from a lender. We'll need that to put in a solid offer for any property.

If you will be paying all cash we'll still need Proof of Funds from your institution.

Email or call me to discuss what your specific requirements are for your home. Typically, number of bedrooms and bathrooms, square footage required, pool or not, and general idea of location. Typically one or more people in the family will work therefore it makes sense to narrow the search in relation to where your work place will physically be.

I can set up a search for you in the MLS and you will get new listings daily, weekly, etc...and even immediate notification when a new listing is added to the MLS within your criteria.

NOTE: It is important to be realistic regarding how many properties you can see in a given time frame. The more specific you can get your criteria the better.

Narrowing down location is probably the most helpful factor.

Central Florida is very large physically. I can use the map feature to perform a search within a certain radius of a location. If you know where your work place will be let me know.

Most people will eventually gravitate to a specific subdivision where they like the style of homes and overal design of the neighborhood.

Initially, I'll help you pick out a "sampler" of homes from each subdivision to get a feel for the neighborhoods. Once you settle on 1 or 2 subdivions we can then examine all the houses within your criteria.

If you have any questions feel free to call me or E-mail me!

Home Buyers Resource links

Realtor.com's Home Buyer's Basics

About.com's 11 Steps to Buying a Home

Orlando 8 Year Sales History (link to PDF file)

Map of Orlando Area

City of Orlando Official Website

Orange County Clerk of Courts

Orange County Public School Website

Orange County Property Appraiser Wesbite

Jobs within 30 miles of Orlando Florida

Orlando Regional Chamber of Commerce

First Time Home Buyer Tax Credit

First-Time Home Buyer Tax Credit

First Time Home Buyer Tax Credit information from IRS

***RECENT UPDATE*** 5/29/09

Tax Credit can now be used for Closing Costs!!!

Do you know how much you can afford?

To see what the latest Mortgage Rates are, spend some time at Bankrate.com

Use their Comparison Search to see what finance companies are offering.

Understand your credit before buying a home!

It's critical to understand your credit scores and history prior to purchasing a home.

You can get free credit reports once per year from AnnualCreditReport.com

Here is the FTC page regarding credit reports:

http://www.ftc.gov/bcp/conline/pubs/credit/freereports.htm

To buy a copy of your report, contact:

One of the primary things you can do to make your FICO score pop up is to pay off or down your credit card balance(s).

What is a FICO score? Look here for information- www.myfico.com

It is important that you don't change your spending habits between the time your lender approves your loan and the house closing.

Your lender will likely pull another credit report just prior to closing.

If you maxed out your credit cards or bought a new car, etc...your score will suffer and the lender may need to adjust your loan.

Consult your lender in regards to any purchases you plan to make between the approval process and closing.