Hire Your Own Agent!
Hire a local Valrico Florida Realtor who is a Buyers Agent and a member of the Florida MLS to represent you. A good negotiating buyer's agent could save you thousands on your Valrico new home purchase. Your own agent will represent you, be your fiduciary and is required to disclose the positives as well as the negatives about the transaction. Builders agents don't discuss drawbacks. The vast majority of the time the builder's sales agents are paid to represent the builder. Many use high pressure tactics in an attempt to make a sale. Due to the high volume nature of new home sales, most builder's agents are paid less than a traditional real estate agents; some earn a salary plus incentives, so volume is important to their livelihood.
Don't Automatically Use the Builder's Lender!
Ask for a copy of your credit report and FICO scores. You can order your own free credit report before shopping for a new home. It's really a good idea. Shop around and interview your lender. Find a banker or mortgage broker that you feel you can trust and whom you feel comfortable working with. Builders often prefer to use their own lender because the builder will be kept fully informed of your personal progress; it's one-stop shopping for the new home builder. But a builder's lender might not offer you the best rate. In many cases the builder may even own the lending company or at least have strong financial ties to it. Consider alternate sources to find a Valrico lender. Your own credit union or bank may offer you attractive rates and terms, based on your banking history with them. Your real estate agent may even refer you to his or her private list of qualified and reputable lenders. Ask your lender to guarantee its Good Faith Estimate. If the lender makes excuses, go elsewhere, because reputable lenders always honor this request.
Obtain Legal Advice Before Buying a Brand New Home!
Before you sign a purchase contract, talk to a real estate attorney. The standard purchase agreements that Valrico Florida builders like to use are designed to keep everyone out of court, especially them. However, they don't necessarily contain language that fully protects the new home buyer. Find out if any of the materials used by the Valrico builder contain chemicals that may be hazardous to your health. If your purchase contract contains any warnings about health issues, it's may be because it's a valid concern and quite possibly other home buyers have gone to court over it. Ask questions about removal of any contingencies and about your cancellation rights. Make sure that you fully understand your commitments and liabilities.
We cannot
stress enough about the importance of your lining up certain
professionals early in your home search. Use
the links provided below to assist you in the following crucial stages
A local lender or mortgage broker should be the first professional to
contact. Your local lender can give you a very good idea of
how much you can afford.
A Real
Estate Attorney can assist you in your existing home
sale or a home purchase. From reviewing contracts to title
examinations and more.
Finding
a reliable mover is a very important part of the
process. The right size for your move, the right timing so
everything goes smoothly, and of course, the right price.
It's in your best interest to talk to a moving company as
early in the process as possible.
We cannot
stress enough about the importance of your lining up certain
professionals early in your home search. Use
the links provided below to assist you in the following crucial stages
