Stages in the Purchasing Process
In Florida approximately 95% of all deals are done between two agencies, one representing the seller and the other one representing the buyer, with a shared commission included in the sales price.
The role of a real estate agent representing the buyer is to do a custom search for him amongst all the properties on the market across all real estate agencies, without charge.
Some essential tips for purchasing real estate in the United States:
Each sales agreement contains a sales inspection clause to be carried out by an independent professional of your choice. You can cancel any purchase within 15 days if the inspection reveals inacceptable defects.
Once you choose a property amongst those we have proposed, we will work together to decide the amount of the offer.
We will then propose a bid and you will have to deposit between 5% and 10% of this amount to the lawyer of your choice.
This bid is submitted to the seller who can accept, refuse or submit a counter offer. This signals the start of negotiations (always via signed documents) until both parties agree on the final price and a date to conclude the sale.
This begins the 15 day interval when we have the property inspected. If everything goes smoothly and you decide not to remove yourself from the deal, the sale becomes final.
The lawyer prepares the definitive deeds and the total costs in fees you will have to pay will amount to less than 1% of the property’s sale price, which is a huge advantage compared to the transaction fees encountered in other countries.
In Florida, the role of the real estate agent representing the buyer consists of doing a customized research for him, amongst all the properties available on the market from every real estate agency, at no additional cost to the buyer.