Getting Ready To Buy
Purchasing a short-term rental (STR) in Greater Orlando is one of the most attractive real estate investment opportunities in the country.
Buying With Confidence in Greater Orlando
SunnySide Properties is a licensed real estate team and can help you buy your next home or investment property in Greater Orlando. With over 75 million visitors annually, a year-round tourism economy, and an STR market that consistently outperforms national averages, the I-4 corridor is a proven destination for both primary residences and income-producing real estate.
Not every property, and not every community, performs equally. Location, bedroom count, amenity package, HOA rules, and proximity to major attractions all have a significant impact on what a property can realistically earn. Before you buy, we help you understand the numbers — and we can provide a free revenue projection for any property you are evaluating.
Why Are You Buying?
Are you tired of paying expensive rent or simply outgrown your current home? Are you looking for an investment property? Having a clear sense of your “why” behind a new purchase will help you evaluate the right factors and choose the best property.
Are You Ready to Invest?
Property ownership has been one of the top strategies for building wealth, and still is! Whether it’s your first home and you’re building your first asset, or looking for a rental property, it’s a great time to invest. Property investments are also some of the most stable assets to build and don’t carry the risk like other forms of investment, such as stocks or collectibles.
Find out how we can help you reach your real estate goals by completing the form.
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Before You Buy
Other Things To Consider
Get Your Financials in Order
Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability. Large purchases or loans can affect your credit and balance sheet in a way that can limit your buying options. Your credit score will hold a significant impact on the type of property you can buy, your interest rate and overall property price. We are happy to recommend seasoned, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.
Organize Your Finances
When it’s time to make an offer, you’ll want to know you’re fully prepared to close the deal. In order to avoid delays, bidding wars, or conflicts, preparing your finances is crucial.
- Bank accounts
- Recent pay stubs
- Check Your Credit Rating
- Financial statements
- Investments
- Tax returns for two years
- Credit cards
- Auto and other loans
- Copies of leases for investment properties
- 401K statements, life insurance, stocks, bonds, and mutual account information
Pre-Qualified Vs. Pre-Approved
With a pre-qualification, lenders rely on self-reported information to offer you a quote. Pre-approval involves verifications to approve you for a mortgage loan: credit, employment, and financial documentation.
A pre-approval is a stronger indication to the seller that the offer is solid and will close.
Tips For Buying
Tips For Buying The Perfect Home
- Don’t Max Out Your BudgetSet some of your approval amount aside for closing costs, taxes, and potential repairs or remodeling.
- Get to Know the AreaMake sure the neighborhood works for you: schools, shopping, commute, and community rules.
- Don’t Skip the Home InspectionInspections surface problems you may not otherwise see and help you make informed decisions.
- Get Pre-ApprovedPre-approval shows sellers you are serious and ready to purchase.
- Make a List of Deal BreakersKnow what you can live with, what you can’t live without, and what a remodel can fix.
- Look At The Age Of Appliances & Other SystemsPay attention to appliances, HVAC, hot water heater, septic/well, and roof age and service history.
- Check For HOA RequirementsKnow the rules and fees before you buy, especially for STR communities.
- Questions?Call 321.999.7231 or fill out the form and we’ll be in touch.
Resources For Orlando Home Buyers
What Price Range Can I Afford?
The journey to homeownership starts by understanding how much you can afford. One major thing to consider is your down payment, if any. Many consumers believe it's impossible to buy a home without at least 20 percent down. But thanks to various government-sponsored programs, many people can now buy a house with as little as 3.5 percent toward a down payment. Veterans of the U.S. military have zero-down programs available.
Finding a knowledgeable Mortgage Loan Officer is key to receiving the most up-to-date information on available lending options. Feel free to ask us for our vetted list of preferred lenders, or, if you just want to run some quick rough numbers, check out our free mortgage calculator.
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Areas We Serve
Orlando Real Estate across Greater Orlando and nearby markets.
- Orlando
- Kissimmee
- Davenport
- Clermont
- Haines City
- Champions Gate
- Reunion Resort
- Storey Lake
- Windsor Hills
- Solterra Resort
- Windsor Palms
- Windsor Island
- Windsor at Westside
- Windsor Cay
- Solara Resort
- Paradise Palms
- Encore Resort
- Margaritaville
- Emerald Island
- Regal Palms
- Providence
- Highland Reserve
- Bella Vida
- Sonoma Resort
- Vista Clay