| Real estate process |
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The chart of the process below is a summary of the "nuts and bolts" of the purchase process. We assist you with each element of this process. Our goal is to not simply assist you in acquiring a product (buying real estate) but to make that process understandable, and even enjoyable - a process that will hopefully lead to your consideration of future referrals of your friends, relatives and associates, to Florida Living. I. AREA/PRICE/HOUSE • Marketable Area • Fair Price • Marketable Floor Plan/Design II. MARKET CAPTURE • Competing Resales • Competing New Homes • Competing For Sale By Owner (FSBO) III. CONTRACT: 4"PS" & PROTECTIONS • Appraisal • Financing • Inspection • Contingencies (various)-Home to Sell? IV. FINANCIAL ANAYLSIS • Interest Rate Lock In • Good Faith Estimate (GFE) of Costs • Appraisal of Value • Conditions for Approval V. INSPECTION PROTECTIONS • Wood Destroying Organism (WDO) • Building Inspection • Other-Mold/Septic/Water/Radon, Etc. VI. TITLE PROTECTIONS • Title Search/Examination • Commitment-Owner Policy • Commitment-Lender Policy • Requirements and Exception VII. SURVEY OF SITE • Encroachments? • Boundary Overlap? • Easements?/Setbacks? VIII. FLOOD ZONE ANALYSIS • Flood Prone? • Flood Insurance Required? • Optional Coverage IX. HOMEOWNER'S INSURANCE • Coverage-Lender Requirements • Replacement Cost (Building/Contents) • Liability • Hurricane/Sink Hole - Deductibles X. CLOSING/TRANSFER OF TITLE • Closing Statement (HUD) • Cashiers Check to Closing Office • Hazard Insurance Premium
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