Buying a Home in Florida Has Never Been Easier!
Buying a home in Florida is an exciting, but very complex, process. That’s especially true if you’re a first-time homebuyer, but in either case, you shouldn’t worry. We will make sure you have all the guidance you need in order to make this process go as smoothly as possible.
We have outlined the necessary steps involved in becoming our client, submitting your first offer, and ensuring that all of your bases are covered in order to receive your buyer rebate. Now, let’s take a look at what happens once a seller accepts your offer.
The Due Diligence Period
Every offer to purchase should include certain contingencies. After all, what if you find severe defects during the inspection that you did not notice before? In cases like that, you should have the right to back out. Nobody should be able to force you to purchase a defective property. That’s why your contract includes the stipulation that you have a certain predetermined number of days to complete such “due diligence” activities as a home inspection, termite inspection, radon inspection, and more.
Inspectors almost always discover some sort of issues during an inspection, and as the buyer, you have the right to negotiate which repairs should be made, which issues you’re going to let slide, and which issues you want to be credited for. This is a normal process, and as a client of DiscountMLSFlorida.com, you will be happy to know that we will handle all of those negotiation details for you.
Financing and Appraisal Contingency
Your purchase offer also undoubtedly included the stipulation that if you could not secure financing, then the deal was off. That’s also a pretty standard component of any real estate deal, and why shouldn’t it be? You can’t buy a home that you don’t have the money to buy. You wouldn’t want your seller to pursue legal action against you for something so silly, which is why it is included in your contract.
As a second concern for financing, your offer will have stated that if the home does not appraise for (at least) the agreed-upon selling price, the seller must either come down on the price or forfeit the deal. If this concern is presented during your transaction process, we will handle these discussions for you.
Closing on Your New Home
Closing day is perhaps the most exciting day of the entire process. It’s what you’ve been waiting for! It’s nothing to take lightly, however, and you’ll want to know that someone is on your side, in case anything should go wrong. You shouldn’t worry, because we will be there to support you! We’ll review your HUD-1 form (also known as a closing statement) from the title company and answer any questions that you may have as you finally sign off and assume ownership of your new home.
If you still have questions about the process of buying a home in Florida or how our buyer rebates work, contact us, and a member of our team will be happy to talk you through it!