8 Steps to Homeownership

There are many factors to take into consideration when you enter into the process of buying a home. Whether this is your first home purchase or its been a while since the last time you were in the market, the following steps can greatly reduce the stress involved.

Helpful guide to making your first home purchase
Step 1: Are you Ready?

The first step is asking yourself why you want to buy. Do you need a larger home? Are you ready to buy instead of rent? Are you planning to move to a new community due to a lifestyle change? What would you like, in terms of real estate, that you do not have now? Do you have a purchasing time frame? No matter what your answers to these questions are, proper planning will allow you to better assess your goals.

Step 2: Get a Realtor

The buying and selling of a property is a complex process that can be fraught with legal pitfalls. It is important to have experienced, competent representation. Every real estate transaction is a unique maze of forms, inspections, marketing, negotiations, financing, and pricing, so it makes sense to work with professionals who know the community and the ins  and outs of the process. Your local Realtor provides that service to you. Buyers and sellers should chose a Realtor that they feel best understands their goals and the area in which they intend to purchase or sell. Once a Realtor has been chosen, they will provide you with information regarding current market conditions, financing options, and negotiating issues that might apply to a given situation. During your time in the marketplace, your Realtor will be with you every step of the way.

Steps to know before you start looking for a new home

Step 3: Get Loan Pre Approval
It is extremely important to get your loan process started well before you begin bidding on properties. The majority of people qualify for a loan, but you need to make sure that you can obtain the loan that fits your needs and financial situation. There are costs associated getting a loan, and they vary from lender to lender. By getting your pre‐approval prior to looking at homes, you can accurately assess your monthly expenses and determine your price range. With your price range in mind, your Realtor can start the search for your new property with everyone on the same page.

Step 4: Looking at Homes

The housing market is complicated because the stock of homes is always changing. Each of us has different tastes and preferences, and so it is important to make a list of your wants and needs and share that with your Realtor. When making your list, you should prioritize the items listed and consider how your lifestyles could change over the course of the time you plan to be in this property. This information will allow your Realtor to keep you updated when properties that meet your criteria come onto the market. Many buyers like to start looking at properties online, and this can help you get an idea of what is out there in your price range and allow you to give your Realtor an idea of what you like.

Step 5: Choose a Home
Once you have had a chance to view several properties, you may have narrowed the list down to your favorites. When deciding about which home to purchase, think about several things. Does it meet the original criteria that you set for yourself? Will it allow you to grow and change as your lifestyle may over the course of the time you own the property? Can your afford it (taking into account utilities, mortgage payment, taxes, association dues, etc)? Discuss these with your Realtor in order to get further clarification and accurate numbers.

Step 6: Make an Offer
Many times buyers think that this is just about price, but an offer to purchase also includes terms. Terms can represent thousands of dollars in additional costs for the buyers or sellers. It is important to review and carefully understand all of the terms of the Purchase and Sale Contract, and your Realtor can answer any questions you may have. Your Realtor will also provide information on the recent sales that will help you determine the market value of the property you are offering to purchase. Your Realtor will also help you navigate the
negotiation process. Counter-­‐offers are common in the real estate market, and it could take a few rounds of negotiation to come to terms.

8 steps to purchasing celebration luxury homes

Step 7: Inspections, Appraisals, and Insurance
Once terms have been agreed upon, a copy of the fully signed contract will be sent to the lender you chose. They will then get your appraisal scheduled. An appraisal is an assessment of value done by a certified third-­‐party appraiser that the lender hires and schedules. You will be scheduling your home inspection at this time and then reviewing the contents of that report to deem them satisfactory to you and the terms laid out in the contract for purchase. Once those 2 items have been completed, you will need to obtain homeowners insurance. Homeowner’s insurance provides fire, theft and liability coverage. Homeowners’ policies are required by lenders and often cover a surprising number of items, including in some cases such property as wedding rings, furniture and home office equipment. Be sure to ask about deductibles, limitations, and costs.

Step 8: Close the Loan
Settlement is a brief process where all forms needed to finalize the transaction are signed. This is when title is transferred from seller to buyer and the buyer is officially allowed to take possession of the property. Deeds, loan papers, and other documents are prepared, signed, and filed with the local property record offices. Many of the documents that you receive at closing are extremely important, and you may need them to establish tax discounts or ownership should you chose to sell in the future, so hold on to them. Well you have looked at homes, chosen a property, made an offer, and closed the loan. All you have to do now is move in. Congratulations!

If you are looking for Celebration FL homes, Windermere FL homes, Orlando homes, Isleworth FL homes, or real estate in Golden Oak Florida, contact Nectar Real Estate today to guide you through the home buying process.

Egg Hunts This Weekend in Celebration, FL

The weather has been gorgeous here for those in  Celebration FL homes, and this Easter weekend should be just as great. Celebration is hosting 2 Easter Egg Hunts this year:

Residents of celebration fl homes celebrate easter

  • The first is tomorrow, Saturday the 23rd, morning at 9am. The Great Egg Hunt takes place at Lakeside Park in downtown Celebration, and there will be activities for children up to age 10.
  • The second egg hunt takes place at Community Presbyterian Church on Sunday, the 24th, at 9:30am.

No matter which hunt you chose, bring a basket and have some fun!

New Celebration FL Real Estate Listing

Nectar Real Estate has just listed a new home located at 217 Eastpark Drive. It is being offered at $869,900, and is 4447 square feet with 5 bedrooms and 5 bathrooms. Gorgeous custom built Issa home with lovely view of the pond and conservation area from the large front porch.

This spacious Celebration FL home features 5 bedrooms, 5 bathrooms, an office, a bonus room, and 2 laundry rooms (one upstairs and one downstairs). The home has been completely updated in the last 2 years with new interior paint, new GE Profile and Bosch appliances, new light fixtures, refinished hardwood floors, a new fence, and new carpet.

celebration fl real estate
The gourmet kitchen has a wine refrigerator, granite counters, upgraded cabinetry, new travertine floors, and a full size side‐by‐side refrigerator. The Celebration FL house features volume ceilings throughout and tray ceilings in several rooms. The master bedroom has his and hers walk-in closets and french doors to the patio. The attached master bath has dual sinks and a large garden tub with separate shower stall. One side of the upstairs includes 3 bedrooms and 2 bathrooms (including one suite). While the other side of the upstairs offers a huge bonus room and guest suite.

The 3 car garage has an epoxy covering on the floor and offers plenty of storage. The fenced-­in backyard is very private and perfect for pets or children and the patio is a wonderful place to relax. All of this an only 2 blocks from the North Village pool and park complex.

Interested in this listing, or other Celebration FL real estate?

Contact Nectar Real Estate today to schedule a time to see this great home today!

Great New Celebration Condo Listing

231 Goldenrain Dr #4303 came on the market yesterday. This spacious (1380 square feet) Celebration FL condo features 2 master suites. Listed at only $149,900, it is a great buy!

This Celebration FL home boasts great architectural details such as built-­‐in bookshelves, tray ceilings, crown molding, and volume ceilings. A split bedroom floor plan makes each suite private and allows for guests or children to have their own space. The living room has a tray ceiling and built-in bookshelves and opens out onto the large covered balcony. The large kitchen has a breakfast bar and closet pantry. There is also a built-­‐in desk with cabinetry that can be used as a home office.

celebration fl homes

Georgetown at Celebration has a community pool, fitness center, tennis courts, and a playground. Residents also have access to all Celebration has to offer – community pools, multiple playgrounds and parks, public golf course, tennis and basketball courts, walking trails, and seasonal festivals.

The inventory in Celebration has shrink drastically over the course of the last several months, and there are only a handful of 2 bedroom units on the market.

Don’t wait too long – contact us or call to make an appointment to see this unit today!

Golden Oak at Walt Disney World Resort Selling Already!

Golden Oak is still under construction, but the latest Walt Disney World endeavor is already selling fast! Contact Nectar Real Estate today to tour Golden Oak!

Well, sales have certainly started at Golden Oak!

Several home sites and properties within the Golden Oak community are already under contract or have sold.  It is amazing how fast things are moving!  From the landscape and amenities, to the properties under construction, everything is moving quickly here.  People are truly excited to be a part of Walt Disney World’s newest endeavor, and they should be.  The property itself and it’s amenities and inclusion in the resort make it a phenomenal place to be.

Golden Oak at Walt Disney Resort
Golden Oak at Walt Disney Resort

Currently there are 11 properties on the market in Golden Oak.  They range in price from $1,378,900 to $3,495,000; and in size from 3072 to 6788 square feet.  As Golden Oak is being built in sections, these 11 homes are all located on Lounsberry Circle, Earle Court, Blaine Court, or Vista Falls Drive.

If you are interested in taking a tour of Golden Oak or would like more information, please feel free to contact me any time.  This is a wonderful project, and I happy to be a part if it!

Golden Oak at Walt Disney Resort logo
Golden Oak at Walt Disney Resort logo

You can also find out more information about Golden Oak by visiting the Disney Golden Oak website: http://disneygoldenoak.disney.go.com/