It has occurred many times in the recent past that home buyers are not sure if the Orlando real estate agent truly represents them. Unless the agent puts it in writing, you can expect that you are not being represented on your real estate dealing. It means that if any problem arises, you will most probably be on your own. What many people don’t realize is that while there are many licensed real estate agents, there are only a small fraction of them who actually represent home buyers exclusively in Orlando. Like these, there are many other problems that homebuyers face in Orlando.
Typical transaction problems
During the process of transaction, there is a huge difference in the attitude of the agents who represent the buyers and those who just have the license to be called real estate agents. Given below are some of the problems faced by homebuyers when it comes to real estate transactions:
* Contract dispute– The agent representing the buyer will surely be supporting the buyer in case of a dispute, but the other agents would act in a neutral way.
* Inspection– During the inspection, you may find serious defects that were unknown, here a typical agent will try to downplay the issue, but the agent representing the buyer will try to renegotiate the contract.
* Appraisals– When such appraisals come into the picture, a typical agent will tell you to raise the money needed to pay the difference, but the agent representing you will ask the seller to reduce the price.
Typical “natural” problems faced by home buyers in Orlando
There are various diverse Orlando real estate issues that buyers face these days. Some of these major issues facing home buyers here in Orlando are as follows:
Sinkholes: These are naturally occurring geological features which can cause structural damage, but fortunately most insurance policies cover the damage caused by sinkholes.
Termites: Termites pose a huge problem in Orlando because of the warm weather. Most homeowners need to take proper precautions as termites can seriously damage wooden structures.
Flood-prone areas: Since Florida has a tropical climate, it is prone to floods throughout the year, so people planning to stay here must take the right precautions.
So, a typical buyer who is planning to buy a house in subtropical Orlando must keep the things mentioned above in mind before taking any decision.
