Buying a Winter Garden Home: FAQ's

Q: Can I get an idea of how much my home is worth from the Internet?

A: You can certainly get a range of your home's value by searching websites on the Internet, including the houses for sale on Winter Garden's Best Home Website. A lot of sites offer services that crunch numbers from historic public records of home sales and produce the statistics. Some sites even offer an actual estimate of your home value based on software appraisals. They rely heavily on historic home sales records in the area to calculate the estimate. However, it is impossible for a website or software to factor in the difference in buildings, amenities, view, floor plan, and more important market conditions. In today's market, it may not matter if your home has a beautiful view of the pool or if there are 10 bank owned foreclosures next door priced well below market value. If you contact our residential home specialists, we can create a custom CMA (Comparitive Market Analysis) for your house or get your free report here.

Q: What are the most common ways of finding out how much my house is worth?

A: A CMA (Comparative Market Analysis) or an appraisal are the most common ways to determine the value of your home. All of our Winter Garden real estate agents are ready, willing and able to provide a CMA for free. A CMA is an informal estimate of value based on comparable sales in homes most comparable to yours. Our CMA gives you listing prices of current foreclosures on the market as well as those that have sold. An appraisal generally costs a few hundred dollars, and is a certified Winter Garden Appraiser's opinion of the value of a house. Appraisers review many of the same factors our Realtors do, including recent comparable sales, location, square feet, floor and view. Of course, we recommend saving the hundreds of dollars and going with a CMA from one of our trusted Winter Garden Realtors. Thinking of selling your Winter Garden home? Obtain your free report and find out how much your home is worth.

Q: How can I determine the value of a distressed property, like a short sale house or bank owned foreclosure house?

A: If you are considering buying a foreclosure home that is bank owned, or a short sale house that requires lender approval, you need to be very diligent about acquiring all the information on that house. Some of the information you need to know is how much are the back taxes and homeowner's association fees (monthly HOA fees) due? Is there money owed for utilities like water, title liens, etc... that you want to ensure are paid by the seller at closing? Is the homeowner's association stable, or are increased home fees likely? It also is important to thoroughly examine the property. If you are unable to get into a foreclosure property, contact one of our real estate specialists to schedule an appointment to view the foreclosed home. We have access to every foreclosure property on the market.

Q: How long will the home buying process take?

A: Once we have an accepted offer, the process to secure a loan, get a home inspection, order and appraisal and survey, and close with the title company generally take 30-45 days.

Q: How much will buying a home in Winter Garden cost me?

A: Aside from the price of the house, you will only pay your closing costs which generally run about 1.5% of the purchase price. My real estate services cost the buyers nothing. We are paid by the Seller after the property closes and you move into your new home!