More Florida Real Estate Buyer's Tips

Home Sale Florida Real Estate

 

 

When looking at Florida homes for sale found on the Ocala Marion County multiple listing service (MLS) here are some more tips and some great information on what to expect in the buying and selling process.  If you find all this information overwhelming, remember, we do this every day and Steven and Vickie at All Buyers and Sellers Realty of Florida are very experienced in the Ocala Florida real estate market.  We will walk you through the process and protect your interests.  We are certified consultants and Ocala real estate agents who are also Florida Realtors.  What is the difference between a REALTORŪ & Real Estate Agent? REALTORŪ identifies real estate professionals who are members of the National Association of REALTORSŪ and subscribe to its strict Code of Ethics.  Not every real estate agent is a REALTORŪ.
 

Outline of the buying and selling process:

Buyer
1 Considers purchasing a home
2 Selects a real estate agent
3 Determines needs and wants
4 Discusses financial issues
5 Views & researches target homes
6 Makes an offer to buy
 
Seller
1 Decides to sell property
2 Selects a real estate agent
3 Determines needs
4 Prepares home for marketing
5 Agent markets the home
6 Accepts, rejects or counters offer
 
7 Offer Accepted
 
8 Loan Application
9 Inspections
10 Title Search
11 Appraisal
12 Loan Approval
 
13 Closing Papers Signed
14 Documents Recorded
15 Funds Available To Seller
 
16 Seller Moves Out
17 Buyer Moves In
 
Why you should own your own home:
Credit:
Owning a home helps you establish financial credibility.

Independence:
Owning your own home provides you with independence and more privacy than renting. You are free to paint walls, plant flowers, keep pets and anything else within legal bounds.

Investment:
As you make more payments and own more of your home, you add to its investment value. Most improvements you make will also add to its value.

Pride:
A home reflects its owner's values and lifestyle. Owning a home can provide you with a source of pride, enjoyment and satisfaction.

Security:
A home can provide security against inflation because the value of your home increases as prices go up.

Stability:
Being established in a community provides a sense of belonging, stability and security.

Tax Advantages:
Interest on your mortgage loan is deductible on your yearly personal income tax return. Many of the closing costs associated with purchasing your home are deductible, as are your property taxes.
How to find the right home:
Real Estate Agents
You can sit down with a real estate agent and discuss your needs, type of area, style of home, amenities and everything you really want in your next home. Real estate agents can help you by accessing a Listing Service which covers all properties listed for sale within a specific area. Together, you can select the homes you would like to see, set appointments and preview homes in a short period of time. An agent can guide you through the entire process.

Newspaper Ads/Internet
Many people go through the real estate classified section or browse the Internet to find a home that appeals to them. However, your real estate agent will have many listings available that may not appear in the newspaper or Internet on a continuous basis. New listings come on the market daily.

Multiple Listing Service
Your real estate agent should have access to the multiple listing service if it is available in your area. It usually includes the following details about homes and properties for sale:

  • Location
  • Price
  • Photograph
  • Utilities
  • Amenities
  • Annual property tax
  • Current financing (when assumable)
  • Listing company


When Previewing A Home

  • Write notes when previewing a home so you will be able to discuss the details later with your real estate agent.
  • Ask questions about the home and discuss any objections or concerns you may have.
  • Ask about the community - schools, shopping and transportation.
  • Ask specific questions about the construction of the home; electrical, plumbing, heating, cooling systems, etc.

Have Fun
Relax. Finding your new home can be a rewarding experience. Have a good time and enjoy the process.

 
 

 

 

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