NEW CONSTRUCTION BUYER TIPS
Boca Raton and South Florida is a highly attractive market for new construction buyers because it is the hub for new builds and exciting development projects. It’s arguably one of the most-profitable markets for real estate investors and developers today.
If you are a real estate buyer, developer, or investor looking to buy into new construction builds and property development projects in this region, our local market knowledge and industry expertise will expedite the process for you.
The beauty of working with The Worth Group is our ’ZERO FEE GUARANTEE.’ This means that you won’t pay out of your pocket for the service we provide to you. Our service charge for finding, facilitating, and securing your property will be paid in full by the property owner or seller.
What’s in it for you?
It’s simple: You get the best services provided in the area guaranteed at zero cost.
SELECTING THE RIGHT PROPERTY
Making a final decision about the property to buy or invest in is a process that requires thought, diligence, knowledge, understanding of the market, and awareness of similar real-time trends and market data.
HOW CAN WE HELP YOU?
Here at The Worth Group, we make the process easy and straightforward by:
- Providing real-time information on existing construction development projects within your budget
- Offering insight and advice based on market data, current real estate trends, and comparative analysis of available historical sales data
- Personally introducing you to the people handling the construction projects
- Managing the negotiation process for you
- Coordinating with construction development representatives to ensure timely delivery of contracts, informational materials and other project-related documents
- Transmitting your final contract’s delivery to the developer should you choose to make a purchase or invest in the project
- Listing a property for sale or rent on behalf of the owners and aligning their expectations with market trends and projections.
FINALIZING THE CONTRACT
After you’ve shown interest in purchasing a property, the developer sends the contract and other related information to legalize the sale. Attorneys usually help buyers in this regard to understand the terms of the contract. However, with our expert help and experience, you can skip the cost and take advantage of our unique understanding of local contracts without incurring any added legal fees and costs.
MAKING THE DEPOSIT | CANCELLING A CONTRACT | GETTING A DEPOSIT REFUND
By law, you are permitted to cancel a signed contract within 15 days after signing and get a full refund of your deposit. Deposits are held in escrow by a third-party escrow agent and they are only released based on terms agreed to in the contract or based on applicable Florida law.
Deposits are usually due or payable in stages as the construction project progresses. This payment structure allows buyers to space out deposit payments instead of paying off all at once.
CONSTRUCTION PROJECT COMPLETION
You will receive notice from the developer as the construction project nears completion and closing date approaches. Within this time, your balance will be due for payment, at which time we recommend you coordinate with your real estate legal representative to finalize any last-minute details.
Just before closing, you will be permitted to do extensive inspections to ensure that your property is in excellent condition based on a pre-existing agreement. If you find any issues that need to be addressed, notify the seller to resolve them after closing.
If you cannot be physically present, you may authorize us to perform the final walkthrough on your behalf. You can also do this by mail, or through other means (depending upon the seller’s requirements).
As your real estate representatives, we will effectively manage the process to avoid closing date delays or disruptions.
EXTRA INFORMATION ABOUT CLOSING
You will be required to pay the outstanding balance at closing before the seller can transfer the deed of ownership to you. During the closing ceremony, the seller will hand over your keys, security access cards, and other tech equipment. You will also be brought up to speed on applicable warranties.