As Real Estate agents and home buyers, we know that buying or selling properties is a very detailed transaction that needs to be tailored with care, knowledge and respect to all parties involved. We meet with all clients to ensure that we understand their needs and expectations, explaining the process step by step.
Contribute to your investment by selecting options that meet your expectations and that generates the highest possible profitability of your property in Florida. That is our main purpose. Doing good business with real estate in the Florida region.
John studied economics until he moved to Orlando, Florida, in 1999, to pursue his dream of becoming an equestrian Grand Prix rider. In addition to the shows, John started working in the construction field as a subcontractor for new buildings, and single-family homes.
With experience in the Central Florida area and his knowledge in the construction process, John obtained his Certified Residential Contractor License in 2007. That same year, with one goal in mind, John obtained his Real Estate License and, as the knowledge of both business mixes so well, the real estate sector immediately became a passion. A few years later, John became a real estate broker listed on the BBF (Florida Business Brokers), became CEO of his own real estate company, where he has an excellent team working with him.
John Silva’s specialties are residential and commercial properties, horse properties, investment properties and short sales. With extensive knowledge of the real estate industry, the local market and construction companies, you can trust John with all your real estate needs. He will take care of your interests like no one else.
The Mortgage Pre-Approval.
Unless you are paying cash for a house, you will need to get a mortgage. In order to know how much home, you can afford, you will need to get pre-approved for a loan. This is the first step in the home buying process.
Around 30 to 45 days
The timeline for finding a house varies greatly from person to person. Once you find a house and have an accepted offer, it usually takes around 30 days to close.
Almost everything.
A REALTOR is your most valuable asset when buying a home. They will walk you through every part of the home buying process. They will educate and inform you of all your options. They will represent you throughout the transaction and beyond.
There is a difference between a REALTOR and a real estate agent; many people do not know this. A REALTOR is regulated by the National Association of REALTORS and subscribes to a strict Code of Ethics. A real estate agent does not. It is recommended that you work with a licensed REALTOR to avoid potential problems.
Nothing
In most cases, you do not have to pay your REALTOR anything to help you purchase a home. The sellers pay their REALTOR a fee, and then that listing agent pays the buyer’s agent for bringing the buyer and facilitating the transaction.
Trust the Professionals.
Beware of advice from people who do not work in the industry. Real estate is a popular topic and almost everyone feels like they have some great insight to offer. The people who know best are the people that work in the business. Good REALTORS have sold hundreds (maybe thousands) of properties. We know what to expect and what to look out for.
Usually 620+
A 620 credit score, or higher, is recommended. As you are probably aware, a higher credit score offers better lending terms. This is an ever-evolving topic, however, as loan requirements are constantly changing. There are some lenders who will approve buyers with a 580 score, sometimes even lower. Your loan officer will be the best source to give you a current answer for today’s lending requirements.
Yes
There are some great home buying programs to research. The main ones would be VA loans, USDA loans, and FHA loans. Knowing the difference between these loan types is particularly important.
It depends on your loan type. Usually, 3% to 5% down.
The most common answer is 3% to 5% of the purchase price. FHA loans just dropped their requirement from 3.5% to 3.0%. There are also some conventional loans that only require 3% down. Veterans are usually eligible for a VA loan, which requires no money down. Properties in rural areas are usually eligible for a USDA loan, which also requires no money down.
Mainly loan origination and closing costs.
The down payment is usually the largest cost associated with buying a house. Lending fees are the second largest costs to homebuyers. Most lenders will charge between 2% to 4% of the loan amount for loan origination fees, depending on the loan type. Conventional loans usually have lower loan origination fees but require more money down. Your loan officer will be able to help you determine how much you can expect to pay towards loan origination and closing costs.
Mainly loan origination and closing costs.
The down payment is usually the largest cost associated with buying a house. Lending fees are the second largest costs to homebuyers. Most lenders will charge between 2% to 4% of the loan amount for loan origination fees, depending on the loan type. Conventional loans usually have lower loan origination fees but require more money down. Your loan officer will be able to help you determine how much you can expect to pay towards loan origination and closing costs.
Do you have a real estate question that you would like answered? Feel free to contact me directly, or leave a comment below for others to answer as well. Remember, a good REALTOR is your best source of information when buying a home. Once you have a REALTOR that you trust, start asking as many questions as possible. They will gladly inform and educate you through each step of the home buying process.
Remember to have fun. Buying a home is an exciting achievement!
How can we help you today?