Information for Buyers

Florida Executive Realty buyers move across the county, state and country to relocate to our beautiful area. Buyers purchase more property here because of corporate changes, city attractions, investment opportunities, or just to fulfill their dreams of returning to the place they once called home.

Florida Executive Realty agents are trained experts in their field. They know how to steer you in the right direction with each and every move. We pride ourselves on quality customer service, first-hand industry education and more sold properties than the local competition.

Let's begin the property buying process so that you can understand how easy and hassle-free Florida Executive Realty agents make it for you, our valued client.

Choose a link from the list below, or follow them step-by step to learn more:

#1 Getting Ready To Buy

Preparing to buy a property can be both exciting and terrifying at the same time. Fortunately, a Florida Executive Realty agent can lead you in the right direction toward the property for your dreams. You first may want to ask yourself these questions:

  • What am I looking for in a new property?
  • Do I have enough money to purchase a new property?

You will want to make a list or brainstorm about the features and amenities that you find most appealing in a new property.

#2 Finding a Realtor

Before you choose a real estate agent, it is important to do your homework on the real estate companies in your area.

  1. Search the Internet for local real estate companies.
  2. Review local publications for agent advertisements.
  3. Call each company to compare commission fees, marketing campaigns and yearly sales volume.

When choosing a Realtor, do not be afraid to meet with many different agents. They are, after all, competing for your business. This competition is what makes the real estate industry successful.

Feel free to ask them the following questions:

  • How many years of experience do you have in this industry?
  • What is your selling experience in my area?
  • What professional certifications do you hold?
  • What services will you provide for me as my agent?
  • How will you represent me as a buyer?
  • Can you provide all the information that I need about properties in the area that fit into my price range?
  • What is the fee for your services?
  • Can you provide all of the different scenarios with the sale of property I may purchase? (as far as commissions and fees)
  • Can you explain the paperwork that I will need to sign?
  • What is my contracted time frame for using you as my agent?

Once you have chosen an agent, it is important to establish specific goals that you would like to meet. It is very important to communicate with your real estate agent and, in turn, that your real estate agent communicates with you.

#3 Assess Capitol & Financing Options

It is important as a buyer that you establish some kind of plan for payment of the property with either investors, cash, or financing before you make any serious offer. 

If you need financing, your Florida Executive Realty agent can help you help you find a lender that you feel comfortable with, and that offers programs best-suited to your needs.

#4 Starting Your Search

Now it is time to start the exciting search for properties! You may want to narrow down your search by asking yourself the following questions:

  • Where do I need to ?
  • What is the neighborhood like?
  • What is the crime rate?
  • Are there any zoning restrictions?
  • What is my price range?
  • What specific features am I looking for- square footage, office space, major road frontage, etc.?
  • What amenities do I desire (ex. parking capacity, walk-ability to nearby businesses, etc.)?
  • Does this property have potential to increase in value?
  • Is there room to expand if I would like to build an addition?

Searching for a property is becoming easier than years ago. We now have multiple databases online that help make the selection and viewing processes more convenient.

#5 Finding Your New Property

Beginning the search for your new property can be a great feeling. It is important that you directly communicate what you desires in a property are to your real estate agent.

You may want to first begin by making a list of the features and benefits that are most important in your pursuit of finding a property. These could be:

  • Location
  • Affordability
  • Size
  • Style
  • Design
  • Amenities

#6 Making an Offer on a Property

Selecting a property should be relatively easy once a property falls somewhere in your criteria and the property is desirable for purchase.

You will want to inform your real estate agent what you like about the property and make a list of your likes and dislikes with the property. Though you will most likely have done this already in a general sense, it is important to do it again for specific properties you have in interest in.

There are three steps in selecting a property:

  1. Accept the seller's asking price and have your agent write up the contract
  2. Reject the seller's asking price and have your agent make a different offer, or
  3. Agree to different terms and have your agent write an offer

This is all a part of the negotiation process.

Communicating about the property and how it makes you feel is important when making this decision. 

#7 Due Diligence Period

During this period you will review relevant documents for incoming producing properties (ex: rental income, occupancy rates, leases, ect.), inspect the property, review zoning & local ordinances, and any other research, testing, or inspections that need to be completed in order to assess if the property will be acceptable for whatever commercial use you desire. 

#8 Insurance

There are many different forms of insurance:

  • Title Insurance - protects you in the event that the title on your property has a lien, unpaid taxes, or other legalities that would make it invalid.
  • Property Insurance - protects your property from fire, theft and other liable coverage.
  • Flood Insurance - protects your property from flood damage.

#9 Closing Procedures

The closing process is always changing. It is even referred to as "settlement" or "escrow" in different parts of the country. With increased technology, most closings are completely automated and both parties do not have to be present at the same time to sign.

The closing process is the transfer of the title of the property from the seller to the buyer. The buyer will receive the keys to the property or the deed to the land, while the seller receives payment for the property. The amount the seller receives is based upon the amount that is still owed on the mortgage, any outstanding fees or taxes, and any additional closing costs. All legal papers are filed with the local record office.

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