Purchasing a home is not the easiest process to go through and in many cases, most homeowners need some level of assistance to help them get through the financial hump. Fortunately, for first-time home buyers in the State of Florida, there are recent programs implemented to help them do just that. Even amid the corona virus pandemic, Florida State has listed multiple down payment assistance programs that fit for both FHA and conventional borrowers.
As previously noted, a single agency relationship provides certain duties to a buyer or seller. In a nutshell, the real estate sales associate and their employing Broker become your fiduciaries. They are officially the “agents” and you are officially the “client”. They owe you, as the client, a set of duties that are only present in this agreement whether you are the home seller or the home buyer.
For many homeowners, the expectations of buying your first home is both exciting and scary at the same time. After all, for 80% to 90% of American homebuyers, this could be the biggest purchase of your life. Unless you’re an investor, or looking to get into real property investing, it won’t be a transaction you’ll eventually get too comfortable with.