Purchase - New or Resale |
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Your Florida Gulf Coast
Home-Buying Options........
Choosing a home.
Florida offers a fantastic range of locations for your home;
conservation building lots, golf course, lakeside, on a canal
or riverbank, with or without boat access, walk to beach and
bayside.
Then of course there is the choice between new and existing
homes........ |
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Firstly, new construction.
The majority of new homes built today are in Planned Unit
Developments or PUD's. The most obvious advantage being that
the entire community will be built and completed to a set
time scale by one or two builders who offer a uniform look
to their designs. This is not to say that they will lack imagination.
A Florida builder may offer over twenty or thirty different
home designs and elevations for each development. A secondary,
but important, consideration, is the creation of a Homeowners
Association by the builder to regulate and maintain the common
areas. Once the development is built out, the association
is handed over to the residents and administrated by a professional
management company. This arrangement ensures continuous upkeep
of the community.
Other advantages are that, in some cases, existing floor-plans
can be modified to the clients’ needs. This can be especially
useful when planning some types of improvement, for example,
adding a fourth bedroom without enlarging the total area of
the house. Additionally, you are assured that all appliances
and carpets are new, and no further expenditure should be
required for some years to come. One concern on a new property
may be adjacent building work and its initial effect on rentals.
We can advise upon this when choosing a building plot, which
would ideally be in an almost completed section of the development.
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OUR ROLE in helping
you select a new home would be:
• to advise
on location
• check the deed restrictions to ensure
there is no covenant related to short-term rental,
•
help with the design of a suitable floor plan,
•
advise on a suitable lender and facilitate mortgage brokerage
• act as your agent for passing correspondence during
the loan application,
• liaise with the builder
during construction,
• perform the inspections
during construction, and final walk-through at time of closing,
• help with furnishings if required.
The best part of all is that this service is free since the
builder pays the buyers’ broker fee.
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An Existing Home
can also have its attractions: immediate availability, location
in a maturing neighborhood where there is no further building
land left, or in the case of waterfront homes simply because
there is no further construction allowed. A little time and
money may have to be spent getting the home ready for rentals
but we can advise on this and supervise any work in your absence
if required.
Purchasing an existing home through the M.L.S (Multiple Listing
Service) need not involve a time consuming drive around the
neighborhood. Once your purchasing parameters are established
a computer search will locate suitable homes in the nominated
area listed by all Realtors. We can then plan a route to view
homes and gain entry with an electronic key. The days of making
endless phone calls to homeowners to set up viewing appointments
are over. |
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THE ROLE of a
BUYERS BROKER in purchasing a second home is invaluable. Remember,
the broker legally owes allegiance to the purchaser, and will
advise viewing based upon the potential purchaser’s
requirements, irrespective of which selling agent is listing
the property.
Time can be saved by informed research before homes are actually
viewed, and any bargains located through the M.L.S.
Intimate knowledge of the surrounding area and prices can
be shared, reliable tradesman can be recommended for any work
required, plus financial, furnishing and deed restriction
advice given. Again, there is no charge for this work, the
seller’s real estate agent simply shares his fee with
the buyer’s agent.
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