Buying a Single-Family Home or Condo in the Florida Keys
Do I Need A Realtor to Buy a Home in the Florida Keys?
Although 87% of recent home buyers purchased their homes through a real estate agent, you do not need a Realtor to buy a home. With numerous third-party real estate websites available, most getting their data feeds directly from Multiple Listing Services (MLS), it is no longer necessary to depend on a Realtor to gain access to the inventory of available homes. In fact, according to The National Association of Realtors “2021 Buyer and Sellers Guide”, 41% of recent buyers (July 2020 through June 2021) first looked online for available properties, with 95% using the internet sometime during their search. Last year this was 97%, an all-time high and remains historically high, probably due to COVID restrictions. That being declared, the same survey found that even with the internet playing such a big role in buyers finding properties, 91% of these buyers claimed that their real estate agent was very or somewhat useful information source and 94% were at least somewhat satisfied with the process.
What Should a Realtor Do to Help Me Buy a Home?
A Realtor should be knowledgeable of the local real estate market, spend time each day reviewing the MLS Hot Sheet; a report detailing new listings, price adjustments, recent sales and changes in status of the listed properties. They should be knowledgeable of local, state and national real estate laws as well as market trends and statistics. Some will publish a monthly market report of General Market Conditions with statistics unique to The Florida Keys Market. They should know the sales process and be able to guide you to local resources such as inspection services, title companies, real estate attorneys, mortgage brokers, financial institutions and contractors, as well as the best places to dine and enjoy an adult beverage, or just watch a Florida Keys sunset.
A Realtor should help you select properties to preview in accordance with the criteria you establish, set previewing appointments, and guide you through the process of efficiently visiting each home. Once a property of interest is identified, they should conduct property specific research to include past and present permits, any code infractions, purchase history, and the financing status, presenting you with a list of similar recently sold nearby homes that will guide you in determining a negotiation strategy and to making a competitive offer.
Once a Sales Agreement is signed, they should help you put together a team of professionals to assist with the buying process, establish a “Critical Dates Check List,” and coordinate everyone’s efforts toward an efficient closing.
Why Should I Consider Using Glenn Hoover as My Realtor?
I do the above.