New homes in St. Johns, FL continue to be built and sold at a rate of hundreds per month. I'm often asked what a real estate agent could possibly do to enhance the buyer's experience when there is already a builder's site agent to help. The answer is - plenty! Whether you are buying a builder's inventory home or having one built from the dirt up, consider the following advantages to having a Realtor® guide you through the process.
Real estate age...
Buying a home can be overwhelming and many Buyers look to their Realtor® to provide information not only about homes they are interested in but also about the community, residents, schools, etc. While a good Realtor will be able to direct you to reliable sources for that information, he may break the law if he answers some of the questions himself. The Fair Housing Act was enacted in 1968 to prevent housing discrimination and it limits the kind of information a real estate professional can legally provide to a customer. That shouldn't be a problem, though, as there are other ways for Buyers to get the information they seek.
Did you know that as a named tropical storm or hurricane approaches Florida most insurance companies will suspend writing homeowner policies until the storm has passed? Often the suspension remains in place for a couple of days after as well. The storm doesn't have to be headed directly toward
the area of your new home and there are no regulations governing how long before or after the storm insurers can suspend issuing policies. How does that affect you? If you are financing your new home your lender requires that you have homeowner insurance before closing. If your insurer can't issue your policy because of a storm 'on the grid,' your len...
When you buy a new construction home one of the most exciting things you'll do is visit a design center to choose the fea
tures and finishes you want to incorporate. The experience can be fun, but also overwhelming. Here are some tips for your design center visit.
BEFORE YOU GO:
You've found a house, submitted an offer and the Seller has accepted it. Now what? In Northeast Florida, once you have a signed Purchase & Sale Agreement, a Buyer has a set period of time in which to perform their due diligence. This time, also known as the inspection period, is often 10 days but may be shorter or longer depending upon what was agreed upon in the sales contract. During the due diligence period, a Buyer should do whatever inspections and research they deem important. Before the period ends, a Buyer may either cancel the contract and have their escrow deposit returned to them, or proceed with the transaction and risk losing their escrow deposit if they don't purchase the home.
Below are some things I encourage my customers to do as part of their due diligence.