Buys

ANDRES VILLA BROKER

Expert advice in purchase of real estate

The purchase of a property is an exciting milestone in life and can mark the beginning of an exciting new stage. As real estate agent, I am here to make this process as fluid and rewarding as possible for you. With a deep understanding of the market and years of experience in the industry, I can help you find the perfect house that suits your needs and lifestyle. From the initial search to the closing of the deal, I will be by your side to offer you expert guidance and support in each step of the road. My goal is to make sure you feel confident and comfortable throughout the purchase process. Contact me today to start this exciting adventure and make your dreams come true to have your own home!

1. Choose a real estate agent

It is essential to choose a experienced real estate agent that understands the particularities of the area and the type of property you want to acquire. This will guarantee an effective search and successful negotiation that adjusts to your needs and preferences.

2. Determine your financial capacity

  • Before buying, you have to know how much money you have available to pay initially, closing expenses, monthly mortgage payments if you hire a loan, maintenance and annual property taxes.
  • If you make the decision to buy with cash, the funds must be in a bank in the United States or you must transfer funds before starting to look for the property that interests you.

3. Personal needs

  • It is very important to determine if your purchase will be a total investment property (for rent) or a main or secondary house.
  • In addition, you must choose the area where you want to buy the property, the number of bedrooms, bathrooms, property size and common areas such as gardens, pool, gym, parking, etc. In addition to deciding if you want to buy a condominium, townhouse or single -family housing.
  • After analyzing personal needs with your real estate agent in conjunction with financial capacity, the search begins.

4. Property search

In Florida, unlike several countries in Latin America and Europe, real estate agents have a database system for properties for sale or rent called MLS each other. and compensate each other creating a large database with thousands of properties.

5. Purchase offer

  • After having found the property you were looking for, the offer is prepared with a purchase-sale contract, but before making the offer your real estate agent informs you all the details of the purchase, the amount estimated by the county of taxes to the property. , maintenance or administration costs in case the property is in a department building or in a closed community, can also help you with the application process and the statutes and rules of the community.
  • Your agent must inform you about the latest sales of similar properties in the area you are buying.
  • This analysis is provided by its real estate agent to present a fair offer that the seller is more willing to accept. The sale offer is made with a good faith deposit (Escrow) generally from 5% to 10% of the property purchase value, which is deposited in an account (Escrow Account) with a real estate lawyer. o Company of titles, this lawyer or company may be the lawyer involved in the transaction or a third. In general, this deposit is made before the third day that the offer has been signed by the buyer and the seller.

6. Property transfer process

  • After the buyer and the seller sign the contract, the period begins to
    the transfer process transfer process.
  • Within this period of time several clauses are stipulated that will allow the buyer to carry out a property inspection in order to determine whether or not the purchase is viable according to the conditions of the same.
  • The purchase contract will include several dates that must be fulfilled exactly as stipulated in the contract to avoid penalties and their cancellation.

7. Closing day or title transfer day

  • It is the day agreed by contract where the seller, the buyer, the real estate agent, the lawyers of each party and a public notary meet in the company of titles that the closure is making.
  • The buyer must have transferred the remaining funds to the company of titles at least one day before the closing date. Personal checks, traveler, effective, etc. checks are not accepted.
  • When you buy a property in the United States there are rates associated with the transfer called closing costs. These are additional to the purchase price and most of them must be settled on the day of the closure. They are regularly stipulated between 3 and 4% of the purchase value.
  • The buyer must present his current and original passport with a visa to enter the United States if he is a foreigner, if he is local, he must present a valid identification as the ID or driving license.

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