Showing property especially in such a large area with so many communities is a time consuming business.
Preparing the route, compiling property details and getting access to view can take many hours to organize. Showing itself can take can take a full day and is the most time consuming part of our process and the part of the service my team has to allocate most carefully.
We ask a few simple things of you so our showing can be as efficient as possible.
Before we meet we require you to compile the following:.
1. A contact phone number where we can reach you while you are in Florida. Mix ups do happen.
2. Your party size, especially if you are bringing children so we can help accommodate.
The showing.
One thing to bear in mind with vacation homes is that in many cases these properties are in the short term rental program and therefore may be occupied by guests and thus unavailable for viewing – one of the drawbacks of vacation home shopping.
We can still visit but if they are occupied the property management company won’t allow us access. So just be prepared for that possibility.
A good rule of thumb is that if it is holiday season there is more chance of a property being rented than off season. Off season in Orlando is usually when the kids are back at school. Fortunately we should always be able to get access to bank owned, foreclosed property or new homes – and most that are used for personal use or have a long term rental client.
Offer Preparation
It’s important that we get you prepared to make an offer before you arrive. I can’t tell you how many clients arrive here, find the property they want to buy and then have to find ways to get the necessary information or docs from home so it’s important to get you prepared.
To write the offer we need:
The offer amount.
Proof of funds
The names (s) exactly as you want them on the deed.
Your physical mailing address
A contact phone number
Please provide in advance where applicable.
Proof of funds for a cash transaction:
A certified letter from your bank, investment account or other verifiable depository.
or
A current bank statement with the account number blanked out, indicating that you have enough money to cover a “CASH” offer.
If you intend to take a mortgage you should already have a per-approval letter before visiting. Please provide that for us.
If you don’t have one ask us to put you in contact with our approved broker associates.
For financing, we need a pre-qualification letter from a lender before you visit.
Also getting funds in a account so you can wire a deposit is essential so we also strongly suggest you set up a foreign exchange account if you are an international client, it will save you money and the problems faced with transferring money internationally.
We can set you up with our contact at our FX partner who works with all our international clients. Let us know if you want me to make the introduction.
Things you will want to do while you are here.
You will need a US bank account if you are going to rent. You can only open an account in person, so do it while you are here.
There are several locations we can recommend, set aside some time while you are here to visit a local bank.
You will also need an ITIN number if you are non-US and intend to rent your property. This is an important process and we can easily guide you through it but it is something you should take care of while you are here.
Another thing worth considering is meeting with at least one property management company so you can understand the role they play in the success of your small business. We can arrange that for you too.
We take your investment and the trust you have placed upon us to find and negotiate for you the most suitable property at the best price very seriously, following the above steps will ensure that we can give you efficient service and in return maximize the potential for us to work together to find you the ideal investment vacation home here in the Orlando area!
If we find the ideal property you should be prepared to make an offer.
Please let us know if you have any additional questions.