11118 Laxton St Orlando, FL 32824
Not having a mortgage loan preapproval before home hunting can be real estate SUICIDE! Before you look into 11118 Laxton St Orlando, FL 32824 you NEED to have your financing lined up.
You have found the perfect home at 11118 Laxton St Orlando, FL 32824. It’s just what you and your family have always wanted. It has a beautiful, spacious yard for the children, a lovely office away from the noise of the daily activities and a master bedroom with a killer walk-in closet. Wouldn’t it be best to know that you can afford this home before you fall in love?
Get pre-approved as the first step in your home-buying process. If your credit isn’t strong enough, there are things you can do to repair it. Likewise if you aren’t earning enough, it is better to know that up front, rather than waste time and energy finding the perfect home, only to realize you can’t get it.
Know what you can afford and make sure you are getting the best loan possible. There are many programs to choose from, so you will need to learn about your options.
1. A pre-approval letter is more reliable than a pre-qualification letter. Getting a pre-qualification letter is easy. You just call a mortgage broker or lender, provide some basic financial information, then wait a few minutes for the letter to come through your fax machine. Getting a “pre-qual” from a Web site is just as easy. Enter some information, click “submit” and voilà. A pre-approval letter, on the other hand, involves verification of the information. Rather than taking your word on faith, the lender will ask for documentation to confirm your employment, the source of your down payment and other aspects of your financial circumstances. Granted, a pre-approval is more time-consuming (and possibly more stressful) than a pre-qualification The additional due diligence is exactly why the pre-approval carries more weight.
2. You’ll know how much money you can qualify to borrow. Most home buyers have a rough idea of how much they would feel comfortable paying every month on their mortgage. However, there’s no quick-and-dirty way to translate that monthly payment into a specific maximum mortgage amount because other factors — down payment percentage, mortgage insurance, property taxes, adjustable interest rates and so on — are part of the calculation. And, you might not be qualified to borrow as much as you think you should be able to borrow, depending on your income, your debts and your credit history.
3. You’ll have more leverage in negotiations with the seller. Sellers often prefer to negotiate with pre-approved buyers because the sellers know such buyers are financially qualified to obtain the financing they need to close the transaction. A pre-approval letter is an especially favorable point in a close multiple offer situation. And, you might feel more confident about making an offer with a pre-approval letter in hand and the knowledge that you’ll be able to obtain a mortgage.
4. Your real estate agent will work harder on your behalf. A pre-approval letter signals to your real estate agent that you’re a well-qualified buyer who is serious about purchasing a home. The increased likelihood of a closed sale — and a commission — will naturally motivate your agent to devote more time and energy to you. In fact, some agents won’t even show property to buyers who don’t have a pre-approval letter.
Top 10 Reasons to Hire a Real Estate AgentWith so much information readily available online, clients sometimes ask me, “Why should we hire a real estate agent?” They wonder, and rightfully so, if they couldn’t buy or sell a home through the Internet or through regular marketing and advertising channels without representation, without a a real estate agent. Some do OK, many don’t. So if you’ve wondered the same thing, here are 10 reasons why you might want to consider hiring a professional real estate agent.
1. Education & Experience
“You don’t need to know everything about buying and selling real estate if you hire a real estate professional who does. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. The trick is to find the right person. For the most part, they all cost about the same. Why not hire a person with more education and experience than you? We’re all looking for more precious time in our lives, and hiring pros gives us that time.”
“2. Agents are Buffers”
“Agents take the spam out of your property showings and visits. If you’re a buyer of new homes, your agent will whip out her sword and keep the builder’s agents at bay, preventing them from biting or nipping at your heels. If you’re a seller, your agent will filter all those phone calls that lead to nowhere from lookie loos and try to induce serious buyers to immediately write an offer.”
“3. Neighborhood Knowledge”
“Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data on schools, crime or demographics. For example, you may know that a home down the street was on the market for $350,000, but an agent will know it had upgrades and sold at $285,000 after 65 days on the market and after twice falling out of escrow.”
“4. Price Guidance”
“Contrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help to guide clients to make the right choices for themselves. If a listing is at 7%, for example, an agent has a 7% vested interest in the sale, but the client has a 93% interest. Selling agents will ask buyers to weigh all the data supplied to them and to choose a price. Then based on market supply, demand and the conditions, the agent will devise a negotiation strategy.”
“5. Market Conditions Information”
“Real estate agents can disclose market conditions, which will govern your selling or buying process. Many factors determine how you will proceed. Data such as the average per square foot cost of similar homes, median and average sales prices, average days on market and ratios of list-to-sold prices, among other criteria, will have a huge bearing on what you ultimately decide to do.”
“6. Professional Networking”
“Real estate agents network with other professionals, many of whom provide services that you will need to buy or sell. Due to legal liability, many agents will hesitate to recommend a certain individual or company over another, but they do know which vendors have a reputation for efficiency, competency and competitive pricing. Agents can, however, give you a list of references with whom they have worked and provide background information to help you make a wise selection.”
“7. Negotiation Skills & Confidentiality”
“Top producing agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because they are skilled. It’s part of their job description. Good agents are not messengers, delivering buyer’s offers to sellers and vice versa. They are professionals who are trained to present their client’s case in the best light and agree to hold client information confidential from competing interests.”
“8. Handling Volumes of Paperwork”
“One-page deposit receipts were prevalent in the early 1970s. Today’s purchase agreements run 10 pages or more. That does not include the federal- and state-mandated disclosures nor disclosures dictated by local custom. Most real estate files average thicknesses from one to three inches of paper. One tiny mistake or omission could land you in court or cost you thousands. In some states, lawyers handle the disclosures, thank goodness!”
“9. Answer Questions After Closing”
“Even the smoothest transactions that close without complications can come back to haunt. For example, taxing authorities that collect property tax assessments, doc stamps or transfer tax can fall months behind and mix up invoices, but one call to your agent can straighten out the confusion. Many questions can pop up that were overlooked in the excitement of closing. Good agents stand by ready to assist. Worthy and honest agents don’t leave you in the dust to fend for yourself.”
“10. Develop Relationships for Future Business”
“The basis for an agent’s success and continued career in real estate is referrals. Few agents would survive if their livelihood was dependent on consistently drumming up new business. This emphasis gives agents strong incentives to make certain clients are happy and satisfied. It also means that an agent who stays in the business will be there for you when you need to hire an agent again. Many will periodically mail market updates to you to keep you informed and to stay in touch.”
11118 Laxton St
Orlando, FL 32824
- 3 bed, 2 bath
- 1,435 sqft
- Single-Family Home
- Provided by: Karlarealty.com
- Broker: Karla Robinson Realty
- Listing Agent: Karla Robinson
Splendid 3 Bedroom home in South Orlando!
11118 Laxton St Contact Karla today! 407 448 0857 or email@example.com
Listing Info for 11118 Laxton St
Most recent information provided by karlarealty.com on 02/03/2013 10:08 PM:
- Price: $139,900
- Status: For Sale
- 3 Bedrooms
- 2 Bathrooms
- 1,435 sqft
- Single-Family Home
- Zip: 32824
Public Records for 11118 Laxton St
Official property, sales, and tax information from county (public) records as of 11/2011:
- Single Family Residential
- 3 Bedrooms
- 2 Bathrooms
- 1,435 sqft
- Built In 2002
- Stories: 1 story
- A/C: Central
- Heating: Forced air unit
- Parking: Garage
- Parking Spaces: 2
- Exterior Walls: Stucco
- Roof: Composition Shingle
- 1 Building
- Subdivision: WETHERBEE LAKES SUB PH 2
- County: Orange
- Tax Rate Code Area: U-10
Property Taxes for 11118 Laxton St
Price History for 11118 Laxton St
|05/20/2004||Sold view details||$141,000||Public records|
|11/21/2002||Sold view details||$126,500||Public records|