Mistakes New Home Buyers Make

In Florida there is no rescission period for new single family home. Florida Statute 718.503 does provide a 15 day rescission period for new condominium buyers and 3 days for re-sale condominiums.

1. BUYERS CALL THE SELLERS AGENT DIRECTLY. The Sellers agent and Builder's representative tell the Sell or Builder everything they know about you! Those buyers end up paying a premium price and often miss out on special incentive information provided to real estate brokers which may not be made public.

2. THERE WAS $400 MILLION DOLLARS IN REAL ESTATE WIRE TRANSFER FRAUD IN FLORIDA IN 2023. Florida real estate buyers lose money via intricate interne scams in which real estate agents may also be involved. Buying a property site unseen could also mean your deposit money is going someplace it will never be seen again!

3. BUYERS AGENT COMMISSION is paid by the seller or builder. Most buyers don’t know they can obtain the help of a buyers broker in their real estate transaction because the buyer broker or cooperating broker commission is already built into the price of the property. Even builders of new developments with new homes and condos compensate a buyer broker helping buyers with new properties. Builders rely on real estate agents to bring them buyers. And they need their properties to appraise consistently. There is no double commission, trick or catch to Florida Buyer Broker services Sellers’ listing agents, for sale by owners, foreclosures, REO, auction or new construction all include compensation for buyer brokers and buyers agents to help buyers with their property sales.

4. Florida Buyer Broker HAS AN OUTSTANDING REPUTATION. Buyers benefit from the prestige and high standard of services Florida Buyer Broker is known to deliver to buyers. Other agents are confident when they know the buyer’s side of the transaction is professionally guide by Florida Buyer Broker, Beverly Howe.

5.FLORIDA LAW ASSUMES ALL BUYERS KNOW licensee they contact is working as a Transaction Broker who does NOT represent them. No written disclosure is required when the associate does NOT represent the buyer. When a real estate agency is going to represent the buyer only, this is known as Single Agency. Single Agency require the buyer broker and their buyer agents to provide Fiduciary Duties to the buyer and not the seller. The transaction broker has almost no liability in the transaction. A transaction associate cannot provide information which would be detrimental to either party. They are taught to say: I can’t say, when asked a question.The Single Agent Notice is a form created by the State of Florida, the notice it has NO option to change back to a Transaction Broker. The Single Agent Notice is a statement of facts, it is not a contract. A Single Agent Notice is required to be provided before the buyer broker/buyers agent shows property to the buyer in the State of Florida. Transaction Associates are not required to make ANY disclosure. Finding out your agent doesn’t represent you at that point is like finding out there is no Santa Claus!

6. ANY AGENT CAN SAY THEY ARE A BUYERS AGENT and may have an Accredited Buyer’s Representative designation. Most Accredited Buyer’s Representatives also list sellers property for sale. Should you become interested in one of their listings or any of their offices listings they must change back to a Transaction Broker who no longer can represent you. Only a Single Agency buyer broker, which does not list homes for sale. Florida Buyer Broker assures the buyer they will obtain full confidentiality, undivided loyalty and representation through out their real estate purchase.

7. THE SELLERS AGENT MUST TELL THE SELLER EVERYTHING THEY KNOW ABOUT YOU, THE BUYER. Buyers don’t realize everything they say about their financial ability, motivation to buy or other confidential information, will be told to the seller by the sellers listing agent who is NOT required to disclose to the buyer that they do not represent the buyer. The sellers agent can represent the seller only or can be a Transaction Broker who does not represent anyone. Either way the sellers agent never owes the buyer confidentiality or undivided loyalty like the Single Agency buyer broker does.

8. IN THE STATE OF FLORIDA, ONLY A BUYER BROKER OR BUYERS AGENT CAN LEGALLY NEGOTIATE FOR THE LOWEST PRICE FOR THE BUYER. The buyer broker must take care of the buyer’s best interest throughout the transaction, including keeping the buyer’s financial information and motivation to buy confidential. The buyer broker and buyers agent have genuine liability in the real estate purchase transaction. They will be more diligent when protecting the buyers best interest in the real estate purchase transaction. The transaction broker has very limited liability.

9. THE BUILDER’S AGENT NEVER REPRESENTS THE BUYER. All builder contracts say, you cannot rely upon the verbal representations made by their agents or representatives.

BUILDERS CONTRACTS MAY HAVE 70 TO 100 OR MORE PAGES.

Beverly Howe, Florida Buyer Broker, knows what questions to ask and what clauses to look for when accompanying the buyer to the builder or new development. With new construction the buyer usually does not get time or an opportunity for an attorney review until after they sign the legally binding contract. Builder’s contracts are written to, by and for the builder’s best interest and can not be changed. An attorney review does not change your legal obligation to purchase the new property or assure you of any return of your deposit once you have signed the contract. Not understanding what you are signing before you purchase a new property or if an important clause in the contract is overlooked in the explanation by the builders representative, could be costly to the new home or condominium buyer. Often a buyer is pressured by the builders associates to make their offer when lot selections are limited, pricing changes are pending or incentives are expiring. The ability to make a quick purchase decision based upon the high level of trust and market expertise which is offered to Florida Buyer Broker buyer clients.

10. MANY BUYERS GIVE UP THEIR RIGHT TO WORK WITH A BUYERS BROKER when they go to the builder without an their buyer broker on their initial visit. All Builders have time limits which will allow you to change agents or come back with a different agent after a period of time. Florida Buyer Broker accompanies the buyers on all visits to the builder to help the buyer make their best buying decision.

Florida Buyer Broker does NOT use a Buyer Broker Agreement or Buyer Broker Contract. The buyer broker agreement is a document which protects the buyers agent or buyer broker not the buyer. A written buyer broker agreement does not always mean the broker or agent is going to represent the buyers. The agreements obligate the buyers to pay any the commission agreed to in the agreement if the broker does not received a specific amount of compensation from the seller or builder. Florida Buyer Broker accepts the compensation paid by the seller, listing broker or builder as full compensation from the buyer.

Florida Buyer Broker will show you all the best properties which meet your criteria. There is no ulterior motive to sell you any particular listing. All properties are shown objectively. Florida Buyer Broker commits quality time to helping buyer clients make the best real estate decisions with confidence. Florida Buyer Brokers‘ business is built on “happy buyer relationships.”

SOME BUYERS’ THINK THEY CAN OBTAIN ALL THE INFORMATION THEY NEED VIA THE INTERNET AND THE SELLERS OR BUILDERS AGENT. Florida Buyer Broker works closely with buyers prior to their arrival to search for property. Buyers have access to the many databases to view properties. Many will study the tax information, seller’s court house records, and community fees in detail for months prior to their arrival. Some buyers prepare excel sheet to compare properties. They will send an agenda of homes they want to view on their visit. Florida Buyer Broker researches properties based upon decades of professional experience in the Florida real estate market. The preliminary phone calls and communications we have to determine your wants and needs are very important. Buyers often find the homes THEY selected on the internet are not what they expected once they arrive. Florida Buyer Broker will work diligently to find you the home, condominium or property you desire and negotiate for the best price and terms for you. Advanced scheduling is recommended to obtain our specialized buyer broker service.

How to start the building process with Florida Buyer Broker.

1

HOUSE VIEWING

We are here to help you find the perfect place for your family. Depending on your needs, we'll suggest properties to view and book you in for your viewing.

2

NEGOTIATING TERMS

Once you've found the property of your dreams and are ready to place an offer, we will contact the seller and negotiate the best terms to suit your budget and needs.

3

CLOSE CARE-FREE

We don't play around – that means that our bold and confident approach to closing results in you walking away with the keys to your new dream property.

If you are interested in more new home information about how buyer broker service and your new home selection and purchase, we would love to hear from you. Call 1-800-283-7393 or complete the form below for to start your new home consultation.