Home Buyers FAQ

The first thing to know is that THERE ARE NO DUMB QUESTIONS.

The home buying process follows many steps. New home buyers and experienced home buyers alike can easily get distracted or have many questions during the process. The best thing a homebuyer can do is to be as educated and informed as possible about the home buying process from beginning to end.

Below you will find a list of questions that come up frequently during the various parts of the home buying process. We enjoy answering any further questions you may have during the process, and if we don’t know the answer, we will research and find the answer.

Most definitely YES you should do this! The process of speaking with a bank/lender allows you to see how much you are qualified for to spend on a home. Speaking with a lender can also inform you about any other programs that might be available for you such as first-time home buyers assistance programs. This step allows you to save time and money all while being better prepared when you start your home search. Here at Central Florida the Beautiful we ask our customers to take this step before we delve deep into the home search; this allows us to better serve our customers.

There are multiple programs out there to help first-time home buyers in the Central Florida area. Each county (Orange, Polk, Osceola, Lake, etc.) offer different incentives to assist first-time home buyers. Each county contains unique and specific requirements for first-time homebuyers to receive assistance. Most of the funds for these programs are tied to the State Housing Initiatives Partnership (SHIP) and is distributed to all counties in the state of Florida. These funds can be used for closing costs, down payments, and other necessary fees that are outlined in each county program. Scroll through this website to find out more information on assistance programs for first-time home buyers:http://floridafirsttimehomebuyer.info/

There is not a generic answer to this question as each situation is different. Some things to think about when buying a home are that you are building equity instead of putting money into someone else’s pocket. With current interest rates at the lowest we have seen, buying could be your best option and in many cases, could be cheaper than the rental payments. Also, ask yourself how long you plan on living in a particular area or city. If the answer is a couple of years, renting might be a better decision for you, depending on the market conditions. Remember that owning a home requires that you maintain and fix your own property both inside and outside. Factor these costs into your monthly budget.

For specific situational concerns it is best to sit down with a Realtor and go over your best options.

Again, it depends on everyone’s situation. Consider your time frame, local market factors, location of homes, and family situations. Let’s break down the two options and look at the pros and cons for each.

Buying a home before selling your current home
This option brings the biggest benefit to those who do not want the stress of rushing to find another home as soon as they have a contract on their current home. On the other hand, the new home you are purchasing may have a contingency clause stating that the offer is contingent on the sale of your current home. If the current home takes longer than expected to sell, then other offers, with no contingencies, could outweigh yours resulting in your offer not being accepted.

Selling your home before buying another home
Selling your home first allows you to place a more attractive offer on a home you are interested in mainly due to not having a contingency clause. The issue here is not knowing how many days it will take to sell your current home. Factors such as local home market, number of homes selling in your price range, and marketing skills of your Realtor all play a role in selling your home quickly.

In some cases, homebuyers may not find the best-fit house for them, or a contract falls through where they are now stuck without a place to live. There are options you can take. A “rent-back” is available in some cases where the buyers of your current home, and you, agree to rent the current home for a specified amount of time as you pay them rent.

Finding the best route to take can be conversation between yourself and your Realtor…or give us a call.

Great question! Research neighborhoods to find the best fit for you. You can use this link from the Florida Department of Law Enforcement to research county information:http://www.fdle.state.fl.us/cms/FSAC/County-Profiles-(1).aspx

Or use this site to look at more specific data:


Central Florida offers many options for schools such as private, charter, and public. Here are some links to help you gain some knowledge of the public school systems in Central Florida.


*Download the excel file to view both County and school specific information.

This is a question we get a lot, so here it is. The answer is different for either first-time home buyers, or those looking to move up. For first-time home buyers sometimes you will need little to no money saved up, but for those looking to move up, a 20% down payment would be ideal. Some might start with getting pre-qualified to see what they could afford right now. The bank/lender will lay out options for the best loan and the down payment percentages for each. It is always best to put down a good chunk of money so that the interest you will pay out over the loan does not cost you more. For FHA loans you are looking at around 3.5% down payment but with conventional loans it is around 20%. Again sitting down with a bank/lender would be your best bet. Give us a call/text or email to find out some of the lenders we enjoy working with.

Our question to you is why would you NOT want a Realtor to help and guide you through this home buying process? Your Realtor keeps your best interest at heart, sets up appointments, prepares appropriate paperwork, researches prices and neighborhoods for your best fit, keeps you well informed, and much more. These are duties that knowledgeable Realtors can provide.

There is no set rule to this but the MAJORITY of the time the seller pays the commission fees for the Realtors. Why would you not use a Realtor during the home buying process?

Many agents focus on either special types of homes, specific areas, or types of buyers, like first-time home buyers or people looking to live in specific (e.g., 55+) communities. Every Realtor brings something special to the table but not all have the same knowledge or strengths that might best fit you and your situation.

At Central Florida the Beautiful, we have many unique skills and advantages, but we also recognize that we are not right for everyone and can refer you to someone who might be a better fit. Take a look at ourBuying with Central Florida the Beautiful page to see how we stand apart from the crowd.

It would be best to chat with a Realtor to see what might be available in the price range you are looking to buy. Realtors will be able to suggest if the home selections do not match your wants and needs or if you should be looking in a different area.

There is a wide range due to the vast area that is covered in the region of Central Florida. Prices for homes in Downtown Orlando and Windermere are higher than homes in Winter Haven or Auburndale. Also, there are considerations such as waterfront and proximity to desirable areas. To find out more on the specific counties and cities use our County/Cities page.

We hope this FAQ page answered some of your questions and guided you in the right direction. If you have any further questions please feel free to call/text, or email us at any time.

Give us a call/text, or email:

Mobile: (904) 626-4155
Email: jgorsuch@kw.com