Buying property in Florida has many unique aspects that differ from the experiences you may encounter in Europe, Canada and other U.S. States.
We are here to help and guide you in finding your DREAM home or property investment.
At Banner International, we are experienced, fully qualified and licensed real estate agents with full access to many buying options.
When buying a property in Florida you have many choices.
Foreclosures/ Bank REO’s : The 2006-2010 housing crash introduced many foreclosures and REO’s to the sales market. Although many of these properties have now been sold there are still a few becoming available. Typically investors aggressively seek these properties for the bargain prices that they offer. Inspections are often allowed but properties are sold, “As Is” and occasionally cash offers only. Buyers must be prepared to move quickly and be flexible enough to accommodate the requirements of the selling bank. At Banner International Real Estate we have the experience to minimize your exposure to the risks involved with these purchases.
Short Sales: There are still some homes in Florida that are “under water” or have negative equity. When a sales contract is agreed the “short sale”. This process can take 3 weeks -3 months and there is no security that the offer will be accepted. An active and aggressive agent is necessary to keep this process moving. Excellent value properties can be acquired in this way but buyers patience is necessary.
Privately Owned Sales: This is the most conventional process of buying a house. Offers can be submitted with contingencies such as inspection, repairs, financing and sale of existing home. Negotiation is an essential skill that your Banner International agent will exercise to make sure that you get the home you want on the best terms.
New Build: As the Florida Real Estate Market recovers both local and national home builders are moving forward again with the construction of new homes, subdivisions and communities. These range from modestly priced condos and townhouses to luxury homes. There are many incentives and offers available, which can make these a very attractive option. Check out our featured communities for the details of just a few.
Things to consider when buying
- Your Budget – Down Payment – Mortgage – Cash
- Needs – # of beds/baths
- Wants -Pool – Games Room – Water Frontage
- Types of Property – Single Family – Townhouse – Condo – Vacation Home – Investment