Lake Eola Orlando

Your Trusted Custom Home Builders in Orlando, Florida

Discover Orlando, Florida

Orlando, Florida. Located in Orange County, Orlando is the center of the Orlando metropolitan area, which has a population of over two million in 2016, making it the 24th largest metropolitan area in the United States. Orlando is nicknamed “The City Beautiful” and its symbol is the fountain at Lake Eola, which is located downtown. With nearby attractions such as Walt Disney World, Universal Studios, and Sea World, Orlando is known as “The Theme Park Capital of the World” and in 2014 its tourist attractions and events drew more than 62 million visitors. Orlando International Airport is located about 20 minutes away from downtown. The city is also one of the premier destinations for conferences and conventions, with the Orange County Convention Center being the second-largest convention facility in the country.

Why Choose Orlando for Your Custom Home?

Orlando has a multitude of excellent dining options, nightlife, cultural destinations, fitness and outdoor activities, and shopping districts, making it an ideal location to build a custom home. It’s highly desirable communities include Thornton Park, Delaney Park, Colonialtown, College Park, Windermere, Winter Park, and many others. It’s colleges include Rollings College, Full Sail, and University of Central Florida, the second largest university in the country. Orlando is also home to the Orlando Magic, an NBA franchise with one of the newest stadiums in the country located right downtown.

Build Your Dream Home with Budron Homes

Interested in building a custom home in Orlando, Florida? Feel free to speak with one of the best home builders in Orlando, Budron Homes, about any questions you may have. Budron Homes is here to serve you and make sure your custom home is the home of your dreams. Call us today at (407) 347-0701 for a free consultation. Budron Homes is rated A+ with the BBB of Central Florida and is a 2015 Parade of Homes winner.

Loan Process:

Financing your new home is an ongoing process that takes place throughout the construction of your house. Our professionals work closely with you and the lender to make the process as smooth and as easy as possible. Below is a brief outline of how the loan process works:
  1. Complete a Quick Credit Application: This is done at Budron Homes’ sales office and usually takes about 15 minutes. Budron Homes will submit the application to a loan officer of one of our preferred lenders.
  2. Meet with Loan Officer: Our preferred Mortgage loan officer will contact you to set up an appointment to discuss your loan options and explain the loan process in detail. At this time you will make a formal loan application. In addition to ordering a credit report, which shows your credit and payment history, the loan officer will provide you with a list of additional documentation that will be needed, such as your pay check stubs, bank statements, tax returns, etc.
  3. Receive Pre-Qualification. The loan officer will verify and review all information and documents related to your application, issue you a pre-qualification letter and begin preparation of the loan documentation.
  4. Escrow is Opened: Once your purchase contract is accepted by Budron Homes, the seller’s agent will open escrow. An escrow company is an independent third party that holds moneys and documents related to the sale of your home until all conditions of the purchase and sale have been completed.
  5. Loan is Underwritten and Approved: Once all the loan information has been received, reviewed and approved, your loan can be approved.
  6. Lock in Interest Rate: Sometime between your loan application and ten days prior to close of escrow, you need to lock in your interest rate. Interest rates can change daily or several times a day. Budron Homes will not be responsible for locking interest rates or for the final interest rate for your loan.
  7. Sign Loan Documents: This meeting takes approximately one hour and occurs one to two weeks before the close of escrow. We suggest that you arrange for Homeowner’s Insurance on your new home a minimum of three weeks prior to the anticipated close of escrow.
  8. Loan is Funded: The mortgage company forwards the loan funds to escrow and the construction and/or the building permit process would start. You will receive the keys to your new home at modification upon construction completion and obtaining certificate of occupancy. Your deed of trust will be mailed to you from the Recorder’s Office approximately two weeks after the recording date.

INVESTMENT PROCESS:

We have developed a strategy and methodology to aid in the identification, pursuit, acquisition, marketing and sale of real estate and income-producing investment opportunities.

Phase I: Investing Partner Relationship Development

  • Execution of Investment Partnership Agreement
  • Investment criteria established
  • Market selection

Phase II: Research & Procurement

Property Research: Search, investigate and evaluate potential real estate investment opportunities to determine project feasibility based on pre-determined guidelines in collaboration with our associates:
    • Realtors & Brokers: Realtors and brokers from many different brokerages are constantly searching for great opportunities that fit our acquisition guidelines: location requirements, zoning, condition, cost and comparable sales/value.
    • Listing Agents: Listing agents are constantly sending us their personal listings with what their seller’s bottom line for our consideration.
    • Wholesalers: Companies specialized in obtaining sales contracts of acquisition opportunities and assigning them to cash buyers in a double same day closing are constantly updating us.
    • Land Planners & Engineers: Companies specialized in raw land entitlement through zoning, subdividing, and installation of facilities infrastructure; or ready for it.
    • REO/Bank-Owned & Auctions: Companies specialized in real estate owned/bank owned and auctions are constantly sending us their lists of available properties and their scheduled auctions.
  • Comprehensive market and trend analysis
  • Detailed time-value-of-money investment analysis
  • Business and cash flow analysis
  • Lease vs. purchase analysis
  • Real estate development strategy
  • Recommendations based on:
    • Highest and best use
    • Economic indicators
    • Current trends
  • Property Offer Negotiations: After a property is evaluated, an offer is placed.
    • Negotiate terms, conditions, contingencies, finalize and submit offer/counter-offers until final contract is signed.
    • Usually a period of 2-4 weeks is requested to perform the necessary feasibility studies, inspections, value assessments and market analysis before fully committing to purchasing the property.

Phase III: Pursuit & Consultation

Pursuit of properties Consistent partner update Due diligence support prior to full commitment: After our offer is accepted, we normally perform the following-
  • Search records (County/City/Governmental Agencies) for related ordinances and regulations.
  • Search liens, encumbrances, etc.
  • Pursuit of properties
  • Consistent partner update
  • Due diligence support prior to full commitment: After our offer is accepted, we normally perform the following-
    • Search records (County/City/Governmental Agencies) for related ordinances and regulations.
    • Search liens, encumbrances, etc.
    • Explore allowable use (i.e. commercial, offices, multi-family residential, etc.)
    • Suitability studies for best use versus intended and/or allowable use.
    • Perform appraisal on the vacant land and developed project.
    • Inspect survey (legal description, encroachments, overlaps, easement, improvements, etc.)
    • Explore preliminary plans/sketches
    • Soil tests
    • EPA search and environmental studies. Phase I ESA (Environmental Site Assessment) for commercial properties and in some cases for residential properties. Phase II ESA if environmental condition identified in Phase I ESA. The purpose is to identify potential environmental liabilities associated with the presence of hazardous materials, their use, storage, and disposal at and in the vicinity of the subject property, as well as regulatory non-compliance that may have occurred at the subject property.

Phase IV: Acquisition

  • Letter of Intent (LOI)
  • Purchase & Sales Agreement (PSA)
  • Closing of Transaction: After the property checks out to be all in order, closing is scheduled.
    • Title insurance policy commitment
    • Escrow agent and escrow amount
    • Closing on the property

Phase V: Production

Project administration Project management Project Promotion and Marketing: Before the project is commenced and all the way through the entire construction process, in order to insure a quick sale or lease, the following steps are followed in order to maximize exposure of the project to the general market-
    Disposition Assist Our Buyers with Financing: Before placing a property under contract, the following steps are followed in order to ensure that the buyer will be able to obtain a mortgage loan in the least amount of time possible:
    • Project administration
    • Project management
    • Project Promotion and Marketing: Before the project is commenced and all the way through the entire construction process, in order to insure a quick sale or lease, the following steps are followed in order to maximize exposure of the project to the general market-
      • Place property on Multiple Listing Service (MLS.)
      • Send out mass email to all realtors and brokerages.
      • Take weekly pictures and videos of construction progress and place on website.
      • Place property on weekly newspaper ad campaign.
      • Place property on all marketing websites (BudronHomes.com, Realtor.com, LoopNet.com, Zillow.com, Trulia.com, Homes.com, etc.)
      • Complete & distribute marketing materials (flyers, banners, info boxes, brochures, pre-qualification forms, etc.)
      • Install large site signs at the project.
      • Install marketing signs at one-mile radius of the project.
    • Disposition
    • Assist Our Buyers with Financing: Before placing a property under contract, the following steps are followed in order to ensure that the buyer will be able to obtain a mortgage loan in the least amount of time possible:
      • All loan applications are sent to main office for processing and distribution.
      • Applications are distributed among lenders.
      • Lender must contact prospects, verify credit and income before sending a prequalification letter.
      • Prequalification or denial letter must be sent to main office within 48 hours from initial application.
      • All income verification & supporting documents must be turned in by buyer and an Approved Eligible must be obtained by underwriting before prospect is considered prequalified and an executed contract is given.
      • We must receive an approval letter with conditions within one week of application.
      • An appraisal must be ordered within two weeks of application.
      • Appraiser must contact us for access to property.
      • Appraiser will receive an invoice and initial inspection and pictures report illustrating the condition of the property.
      • Appraiser will receive recent comparable sales in the neighborhood of subject property.
      • All initial conditions must be met within 20 days from initial application.
      • All final conditions must be met within 35 days from initial application.
      • Clear to close must be obtained within 45 days from initial application.
      • Closing can be completed once the certificate of occupancy is obtained.

    Phase VI: Continuous Evaluation

    • Competitive strategy
    • Emerging opportunities
    • Staying ahead of the market

    Phase VII: New Construction Projects

    Ability to handle turn-key construction process into final completion.
    • INVESTMENT AMOUNT
      • Determine the total dollar amount available for investment.
    • GEOGRAPHICAL PREFERENCE
      • Determine the desired investment property location.
    • INVESTMENT CATEGORY
      • Determine the desired project category:
        • Residential
        • Commercial
        • Mixed-Use
    • PROJECT TYPE
      • Determine preference of project type:
        • Existing Structure
        • New Construction