Orlando Real estate buying with cash or loan options require a sense of humor.
Monty Python’s The Money Song says it all.
I’ve got ninety thousand pounds in my pyjamas,I’ve got forty thousand french francs in my fridge.I’ve got lots of lovely lire,Now the Deutschemark’s getting dearer,And my dollar bills would buy the Brooklyn Bridge. Chorus: There is nothing quite as wonderful as money,There is nothing quite as beautiful as cash.Some people say it’s folly,But I’d rather have the lolly,With money you can ma-ake a splash. Finale: There is nothing quite wonderful as money, (money,money,money,money)There is nothing like a newly minted pound, (money,money,money,money) All: Everyone must hanker for the butchness of a banker,It’s accountancy that makes the world go round. (round,round,round)You can keep your Marxist waysFor it’s only just a phase.For it’s money money money makes the world go round. (money,money,money,money money,money,money,money moneeeeeeeeeeeyyyy)
Cash works best for real estate for any Orlando Real Estate Financing is available but every rule to qualify must be met. With so many banks and financial institutions failing because of bad loans and administration a home purchaser needs to be more ready than ever before.
Have you saved your closing costs and intial investment? Is your credit in stellar condition?
These are a must in todays financial atmosphere if you are looking to finance a home loan.
Even the humor of Monty Python’s Flying Circus seems plausable with what is going on in todays financial institutions. Almost as believeable as the minister of silly walks. What does this mean for todays home buyer?
Unless you are bringing cash to the table getting a home loan will be scrutinized left right and center.
It is more important than ever to get a professional on your team to lead you through the requirements.
Are first time homebuyer funds available? Will there be downpayment assistance?
The answer is yes but there will be rules so be sure you consult a professional, after all you wouldn’t go to a foot doctor for brain surgery so find a real estate professional with plenty of experience to help you with one of the biggest purchases you have in your life.
How can Monty help?
As a buyer especially if you are making an offer on a short sale or bank owned home you will need to remember to keep you sense of humor when it may take 3 months to get an answer to your offer.
Why is it taking so long you ask?
With so many foreclosures and so much paper to push banks have hired people to help that may not be as qualified to file this as they would like. Summer hires and part timers are pushing paper and not much else.
So many offers this year and so few answers frustrates serious buyers ready to buy when after 3 months just feel like moving on to something else. It is not surprising that buyers are also asking not to look at short sales after a previous bad experience. Keep your sense of humor in tow if this is the direction you want to go.
The deal may look terrific but it may or may not even get an answer.
Here is a list of questions to ask:
Have you checked the public records, make sure you have all the required information by lender and seller, submit documentation and give lender a deadline, request inspections and for more information check out this wiki.
Here is a video to back this up why it takes so long.
Here is the Monty Python money song.