Steps in the process of buying a property
Sandra Castano
Sandra Castano
Navigating the New Times: Simplified Guide to Buying a Resale Property
In the modern era, the process of purchasing a resale property has evolved, but certain key steps remain fundamental. Here's a brief and simplified version to help you better understand the path to your new home:
Step 1 - The Offer: Your First Step Toward Your Dream Home
After choosing the property that captures your heart, the next step is to make an offer. This is the moment you let the seller know you are interested in buying and at what price. Your guide in this process will be the real estate agent, who will assist you in creating the offer document. Make sure to include the mortgage pre-approval letter if applicable. For cash purchases, attach a bank statement supporting the funds you will use.
Step 2 - Offer Acceptance: Making Things Official
If the seller accepts your offer, the legal gears will start turning. Instruction will be given to a "Title Company" to prepare all the necessary documentation for the property transfer, handled by specialized attorneys. Here, the buyer needs to make a reservation for the property, usually paying between 5% and 10% of the total offer amount. This money is placed in an escrow account known as the "Escrow Money Deposit." It's important to note that this process may vary if it's a pre-construction property.
Step 3 - The Closing: Sealing the Deal
Once the attorneys have thoroughly researched the property title and confirmed there are no additional liens, the closing day will be scheduled. In this ceremony, the final payment of the remaining property amount will be made, and the official title transfer to the new owner will take place.
Important: A resale property implies it has had previous owners and is not a new construction. While these steps are essential, keep in mind that the exact process may vary, and it's always advisable to seek guidance from certified professionals before embarking on this exciting journey. Welcome to your new home!
With over 26 years of proven success in the real estate industry, Sandra Castano has built a reputation defined by professionalism, dedication, and results. A seasoned expert in both residential and commercial real estate, Sandra channels her steadfast commitment to helping others into every transaction, guiding her clients with integrity, discretion, and a personalized touch.
Specializing in luxury homes and prime investment properties throughout Central Florida, Sandra is known for her deep market insight, strategic negotiation skills, and ability to deliver exceptional outcomes. Whether working with a family purchasing their dream home or international investors expanding a commercial portfolio, she brings the same level of focus, care, and excellence.
Sandra’s approach is rooted in understanding—she listens closely, responds promptly, and ensures her clients feel confident at every step of the process. Her clients don’t just buy or sell properties—they make informed decisions that support long-term financial growth and security.
As a bilingual professional fluent in Spanish, Sandra has built a strong international network, successfully helping clients from across Latin America invest in Florida’s thriving real estate market. She also offers property management services for out-of-state owners, providing peace of mind and seamless oversight for their valuable assets.
Sandra takes immense pride in the lifelong relationships she forms. Many of her clients become cherished friends and trusted connections, drawn by her authenticity, expertise, and unwavering commitment to their success.
How is education in the United States?
When deciding to settle into a new home, many factors influence your choice, and one of the most crucial is the education system. In the United States, this system has evolved to adapt to the changing needs of society.
Purchasing a property through a company or under your own name
When making the decision to acquire a property, the crucial question arises: Should you buy personally or through a company?
What are the Key Considerations for Pre-Construction Property Contracts?
Embarking on the purchase of a property in pre-construction, also known as new developments, requires a thorough understanding of this unique process. Here are some key points to give you a clearer understanding.
