Deland Realtor faq
Get expert advice from the Bee Realty Team. The best Realtors in all of Deland and Volusia County!
Message Bee Realty Corp Today and someone from the team will be more than happy to help. Dont want to wait? You can also call us at either of our locations.
North Deland Office: 386-279-7522
Downtown Office: 386-279-0321
FAQ
Frequently Asked Questions
Intro: Am I Ready to Be a Homeowner?
Buying a house requires a lot of time and effort, but this FAQ can help make the home buying process manageable and help you make the best decisions possible.
Step 1. When should I research the home buying process?
As soon as you can, start reading Web sites, newspapers, and magazines that have real estate listings. Make a note of particular homes you are interested in and see how long they stay on the market. Also, note any changes in asking prices. This will give you a sense of the housing trends in specific areas.
Step 2. What Is the importance of choosing the right home loan?
Lenders generally recommend that people look for homes that cost no more than three to five times their annual household income. You should make this determination based on your own financial situation. Call Bee Realty Corp so they can help you to see how much house you can afford. North Deland Location: 386-279-7522
Step 3. When Can I look at homes and feel them?
Before you start looking for a home, you will need to know how much you can actually spend. The best way to do that is to get prequalified for a mortgage. To get prequalified, you just need to provide some financial information to your mortgage bankers, such as your income and the amount of savings and investments you have. They will tell you the price range of the homes you should be looking at. Your lender can help you verify your financial status and credit. You can call Bee Realty to answer any questions regarding this step.
Step 4. Do I Need a Real Estate agent ?
An agent is in a position to be your important partners when you’re buying or selling a home. Bee Realty can provide you with helpful information on homes and neighborhoods that isn’t easily accessible to the public.
“You can count on us and our knowledge of the home buying process to help assist you. We are expert negotiators. Our familiarity with the area you want to live in will be extremely valuable to you. And best of all, it doesn’t cost you anything to use us as your agent – our compensation comes from the commission paid by the seller of the house!” – Bee Licensed Realtor
Step 5. How does the negotiation process work?
Take as much time as you need to find the right home. Then work with Bee Realty Corp to negotiate a fair offer based on the value of comparable homes in the same neighborhood. Once you and the seller have reached an agreement on a price, the house will go into escrow, which is the period of time it takes to complete all of the remaining steps in the home buying process.
Step 6. How does a home inspection work?
Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. Your real estate agent usually will help you arrange to have this inspection conducted within a few days of your offer being accepted by the seller. This contingency protects you by giving you a chance to renegotiate your offer or withdraw it without penalty if the inspection reveals significant material damage.
Both you and the seller will receive a report on the home inspector’s findings. You can then decide if you want to ask the seller to fix anything on the property before closing the sale. Before the sale closes, you will have a walk-through of the house, which gives you the chance to confirm that any agreed-upon repairs have been made.
Step 7. Why Work With A mortgage banker to select your home?
Lenders have a wide range of competitively priced loan programs and a reputation for exceptional customer service. You will have many questions when you are purchasing a home, and having one of our experienced, responsive mortgage bankers assist you can make the process much easier.
Every homebuyer has their own priorities when choosing a mortgage. Some are interested in keeping their monthly payments as low as possible. Others are interested in making sure that their monthly payments never increase. And still others pick a loan based on the knowledge they will be moving again in just a few years
Step 8. Why have a home appraisal?
Lenders will arrange for an appraiser to provide an independent estimate of the value of the house you are buying. The appraiser is a member of a third party company and is not directly associated with the lender. The appraisal will let all the parties involved know that you are paying a fair price for the home.
Step 9. Who handles all the paperwork?
As you can imagine, there is a lot of paperwork involved in buying a house. Your lender will arrange for a title company to handle all of the paperwork and make sure that the seller is the rightful owner of the house you are buying.
Step 10. How Does Closing The Sale Work?
At closing, you will sign all of the paperwork required to complete the purchase, including your loan documents. It typically takes a couple of days for your loan to be funded after the paperwork is returned to the lender. Once the check is delivered to the seller, you are ready to move into your new home!
