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Lending guidelines or illegal home additions are just a few of many reasons why an agent is the most efficient and effective way to search for a home that meets both the buyer’s and the buyer’s lender’s demands.
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What areas to focus? How many bedrooms and bathrooms? Is there a maintenance fee? Etc.
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What should be my down payment? How much time should I give the seller to respond? What terms protect my deposit? When is the closing date? Etc.
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Buyer will hire a licensed State of Florida home inspector in order to assess the condition of the property.
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This is a document ordered by the buyer’s lender in order to determine an unbiased value of the property. Cash purchases do not require this step.
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This document is provided by buyer’s lender to the sellers as a “commitment” that the buyer’s lender is willing and able to fund the loan. Cash purchases do not require this step.
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It is a process of screening the property’s background to ensure there are no liens or encumbrances against that property which may negatively affect the buyer’s interest.
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Among other variables, the process explained throughout this flowchart usually takes between 30 and 45 days for financing transactions. Cash transactions typically last 2 to 3 weeks.
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