The Florida homes M.L.S. (Multiple Listing Service)

For everyone considering the purchase of an existing Florida vacation home.

The Florida M.L.S. lists every home for sale by any estate agent in the area. Your search should start with a knowledgeable Realtor who can pre-search for home type, location, price range, pool, etc. No need to drive around the streets looking at FOR SALE boards, searching the newspapers and magazines, or contacting different real estate companies.

Members of the M.L.S. cooperate on sales. Remember; any Realtor will be pleased to show and sell any property that is listed and not just the homes with their company sale board outside. However if you are intending to rent out the property it is important to choose a Realtor who is knowledgeable on Homeowner Deed Restrictions.

Braden River Crossing 4 Bed / 3 Bath Pool & Spa 2,200 square feet plus double garage $289,000

This very efficient viewing system makes purchasing an existing vacation home a sensible option for clients with limited time in the area and we would suggest the following scenario.

1. Select the most interesting possibilities and let your Realtor plan a route.

2. If there are a number of homes to view then do a drive-by and short list the best prospects..

3. Carry out an inspection on the homes you are really interested in. Most properties have an electronic lock-box fitted which your Realtor can access. This gives availability for viewing without an appointment.

4. Once you have selected a home you can make either a verbal or written offer. (Written offers are usually preffered as these are binding and a seller will take this as a sign that the offer is a serious one).

5. If your offer is accepted your Realtor will prepare the sales contract for signature and deposit will be required. Initially a $1,000.00 by credit card is acceptable with a further 10% to follow at an agreed date.

6. If a mortgage is required the contract is made contingent upon this being granted.

7. It is unusual to have a chain sale in America and sellers tend to be ready to move out within a short period of time. The final closing or completion can take place as soon as the mortgage or other funds are in place.

8. If you are not able to return to Florida for the closing then the title company will mail you out the closing papers for signature and your management company can take possession of the home on your behalf.

© Universal Vacations Realty,Inc. Florida 2006