Buying
Buying real estate doesn’t have to be intimidating—especially with TIME Realty Services by your side.
We guide you through every step of the process, making sure you feel confident and informed at every turn. Whether you’re searching for your dream home or looking to invest, we take the time to truly understand your goals, needs, and preferences. Then, we help you find the perfect property to match.
Let’s talk about what you’re looking for—give us a call today and let’s get started.
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Everywhere there are local county customs of who pays for what, and it varies county by county. In Charlotte County you will find that generally, it costs less in closing fees if you are the Buyer – the Seller pays most of the closing-related fees. The Seller usually pays for the title search and title insurance, the Documentary Stamp tax, and the cost of the closing company. The Buyer will pay for the cost of the mortgage, the cost to file the deed at the courthouse, reimburse any pre-paid amounts to the seller (HOA fees, stormwater fees, etc), and possibly pay the compensation for your Realtor. Not sure what all of that will add up to? A proforma closing statement can be prepared that shows you all of the costs.
August 17, 2024 marked changes to the way real estate is transacted across the United States. Realtors can no longer show properties to buyers without a signed buyer broker agreement in place. This agreement protects you by outlining the duties of your Realtor. It has a beginning and a end date, a cancellation clause, and shows what compensation you are paying your Realtor. Of course, every attempt will be made to obtain compensation from the seller or the listing brokerage, but you are responsible to pay the agreed upon amount at closing if no other funds are available.
Selling
A new job, a growing family, downsizing, moving across town or across the country, or simply seizing an opportunity to maximize their investment. Whatever your reason for selling, TIME Realty Services is here to help you achieve your goals with expert guidance and personalized support. Curious about your property value?
We offer a complimentary Comparative Market Analysis—just ask!
What you can expect to pay for at closing
Types of Transactions
Traditional Sales
“As-Is” Sales
These are now the most common type of sale. This mode of sell first became popular with the foreclosures and short sales, and now is the “norm”. In this transaction, the seller is not willing to making any repairs to the property. This does not mean there is anything “wrong” with the property, and the State of Florida still requires the owners to disclose any defects. The Florida “as-is” contract has a buyers inspection clause that allows them to cancel within the inspection period “for whatever reason”. In this case, only requests for structural defects would come back to the seller for negotiation of repairs, and smaller items would be assumed by the buyer.
Foreclosures/REO/Bank Owned
You will see these terms when a bank has foreclosed on a home and taken it back from the owner. You will find most foreclosures listed in the MLS. The majority of the banks have restrictions and rules that the buyer has to agree also…not to mention their addendum which overrides the sales contract. These properties are sold “as is” and it is common that they have no appliances and may need repairs. However, if you don’t mind the repairs, these are generally worth the purchase.