Buying a Home

Let’s start at the very beginning of the home buying process: Most of our buyers come from out of state, or are unfamiliar with the Orlando area. Making a cross-country move is no easy feat, but I hope the following guideline makes the move just a little bit easier. Real estate is a team sport. Realtors, buyers, sellers, loan officers, and title companies are just a few people involved with your transaction. Our hope is that this guide helps you make sense of the buying process!


3 Months Before Moving In: Speak to a Loan Officer 


You can skip this step if you are paying cash for the home. Loan officers, like Realtors, know what questions to ask and what you need to be aware of financially when buying a new home. You will need to provide a few documents to the loan officer, like pay stubs, debt information, and more. Remember, Lenders are happy to speak to you no obligation, they are hoping to earn your business. LINK See our preferred providers page for lenders and home inspectors!


3 to 2 months Before Moving In:  Book a Showing Appointment  


Now it's time to hire your Orlando Realtor! Do you need to sell a current home to move? Click here for The Complete Guide to Selling and Buying a Home Simultaneously. The Magical Moves team would be more than happy to assist. We love helping future Floridians find the right home. To do that, simply LINK contact us here to get started. Knowing the following home preferences is a huge help:


  • Location
  • Home size
  • Number of bedrooms & bathrooms 
  • Budget
  • Dealbreakers 


This is a collaborative process, and we would be more than happy to help guide you along the way. We provide realistic feedback on what you’re looking for, and can suggest homes and areas that best meet your priorities. 


40 to 30 Days Before Moving In: House Hunting


Now Its time to house hunt! Because we’ve been in constant communication and you’ve shared your home criteria and favorites with us,  we know more about your tastes and preferences. We can now book a house hunting trip!


 We love knowing your travel plans as soon as possible. Knowing when you’ll be available to see homes allows us to book time in the calendar and contact sellers. If you’re unfamiliar with neighborhoods, we’re more than happy to point you in the right direction while you discover what neighborhoods are a possibility. Once you’ve narrowed down location, we will create a showing schedule and now we're ready for the fun part: seeing homes!


*Pro tip: If you are lucky enough to stay in Orlando for multiple days while house-hunting, we recommend driving through the areas you’re interested in on day one. Try to NOT view homes on day one! Use this day to familiarize yourself with neighborhoods: the feel of the area, and the local shops and clientele. 




You’ve now seen the perfect home, we’ve submitted an offer, and the offer was now accepted by the buyers! Congrats! We’re now about 30 days from closing. On average, It takes about 30-35 days to close on a home here in Orlando. Most sellers won't accept an extended date, but there are exceptions. 


DAY 1-4: Send in Earnest Money Deposit


Now that we’re under contract and both buyers and sellers have agreed to the same terms, it’s time to submit the earnest money deposit. The earnest money deposit (EMD) is usually a wire transfer from your bank. The money is usually around 1% of the purchase price, and held by the title company  to be applied towards your amount due at closing, or downpayment. A title company is a 3rd party that makes sure your home is transferred in your name.


DAY 5-15: Have Your Home Inspected and Appraised


Make sure to hire a home inspector you trust. We work with many and are happy to give recommendations, but you must be the one to contact the inspector. Once the home is inspected and you’re satisfied with the inspection report, your lender will order an appraisal. The good news is that this requires no work on your end! It is the lender’s job to hire an appraisal and confirm the home value. 


Day 20-25: Final Loan Approval


Your lender will give you final loan approval about a week to 3 days before closing. This is the last step! Once we have a loan approval, now all we need to do is wait for the closing date!