BUYING, SELLING, NEW HOMES
The Buying Process - HOW DOES IT WORK?
Step 1 – Choose your Representation
As a buyer or seller you will need to find an agent who will work in your best interests – one that has a strong knowledge of the area you are seeking to buy in. We are licensed Real Estate Agents, working in the short term rental area of Disney World and will work with you to find the perfect property.
Step 2 – Start your Property Search
After ascertaining your property needs and desires, we will set up a property search customized to your property needs and price range. We will add you to our database, providing you with available properties that fit your requirements and sending you updates of any homes that come on to the market.
Once you are ready to start viewing (that may be some time away if you a travelling to Orlando from another country), we will accompany you on the viewings, offering advice and support.
Step 3 – Making an Offer
Once you have decided on the perfect home, we will work with you to assist you in ascertaining what you would like to offer and will go ahead and negotiate a great price and terms for you. As soon as both parties have agreed on price and terms, we can then move forward with the closing process.
Step 5 – Home Inspection
This is the first step for a buyer to order a home inspection and on the contract there will be a contingency with a time frame on to give time for the buyer to have this completed. As soon as the home inspection is completed and the buyer has viewed all of the report and found it to be acceptable then the closing process continues.
If there are repairs in the inspection that the home inspector deems to be urgent repairs and any contract conditions cannot be met, then the contract becomes void and the deposit should be returned to you. If the conditions can be met, but you are unwilling to proceed with the purchase, then the deposit will be forfeited to the seller. This is to compensate the existing owner for having taken the property off the market during this time.
We can recommend several inspection companies and it is your choice to choose from this list. We can coordinate on your behalf with your chosen inspection company.
Step 5 – Preparations for your closing date
As soon as all the contingencies to the contract have expired and been met then we can work towards a successful and timely closing date for you. To time frame to a closing differs depending on is you are a cash buyer (typically 4 weeks) or a financing buyer (typically from 6 – 8 weeks). We will work hard to ensure as smooth a closing as possible for you. At this point if you are an international buyer we would recommend that you start the process of working with your chosen commercial currency company to ascertain an exchange rate and transfer (we always recommend sending your balance funds over to the closing company at least one week prior to closing date).
At least 2 weeks prior to closing if not before, we will be ready to discuss our Property Management services with you and how we will support you, post sale, to get the best out of your invement.
One week prior to closing the title company will send over a prelim HUD for your perusal in readiness for the closing date and your funds will be in place at the title company in readiness to close.
Step 6 – Closing Day
Closing day has arrived and a walk through will be arranged (if you are not in town we will complete this on your behalf). The walk through is completed in order to ensure that the property and the contents according to the contract are acceptable to the buyer). As soon as you are happy to proceed, the title company will go ahead and complete the closing and all funds will be disbursed. The key for your new home will then be released to you (if you are not in town, we will handle this for you.
It’s as simple as that – home ownership in the VACATION CAPITAL OF THE WORLD is indeed possible and VERY EXCITING.