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Important factors to consider when buying a (second) home
When buying a second home in Florida, there are various factors to consider.
At the beginning of the home buying process, make sure that you choose the right location for your new home. Consider recommendations of friends who already have property in this area, but be aware that their wants and needs may be different than yours.
Now, that you found the perfect house in the right location, make sure that the house and its condition are inspected by an independent home inspector. If there are any defects, clearify who is responsible for repairs.
The date of the property transfer (Closing Date) will be determined in the sales contract. Usually the buyer makes a down payment between 5 and 10 percent of the purchase price. The rest of the payment is due at closing.
The buyer is well advised to make a final inspection of the property before closing. If you are buying a new building, any remaining issues should be written down. Make sure to agree upon a certain date, when these issues have to be resolved.
But the most important thing is definitely to find a Realtor you can trust. If you choose the right agent, he will take care of the rest.
So if you ... more
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