AMELIA ISLAND HOMES, FERNANDINA BEACH HOMES & REAL ESTATE

Shopping for an Amelia Island home or Fernandina Beach home is an emotional experience. It’s also time consuming and comes with a myriad of details. Some Amelia Island home buyers, however, caught up in the excitement of buying a new beach home tend to overlook some items. Their Amelia Island home purchase turns into an expensive process. These errors generally fall into three areas:

• Paying too much for an Amelia Island home
• Losing a dream Amelia Island home to another buyer
• Buying the wrong Amelia Island home

When you have a systematic Amelia Island home buying plan and the assistance of Amelia Island real estate experts such as Jim and Kathy Williams before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase:

Bidding without sufficient information
What price do you offer an Amelia Island home seller? Is the Amelia Island real estate seller’s asking price too high? Is it a deal? Without research on the Amelia Island real estate market and comparable homes, you could lose thousands of dollars. Before you make that offer, be sure you have researched the market. A professional realtor, can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighborhood. Without knowledge of the Amelia Island home market, your offer could be too much. Or worse, you could miss out on a great buying opportunity.

Buying a mis-matched home
What do you need and want in an Amelia Island home? Sounds simple. Yet, clearly identifying your needs and bringing an objective view to home shopping, leaves you in a better position. Sometimes, home buyers buy a home that is too large or too small. Perhaps they didn’t consider the drive to work, the distance to school, or the many repair jobs waiting for completion. Plan ahead. Use your needs list as a guideline for every home you view.

Unclear title
Before you sign any document, be sure the Amelia Island property you are considering is free of all encumbrances. As part of their services, a realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements.

Outdated survey
Before your Amelia Island home purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor’s new fence which is extending a boundary line, etc.).

Unexpected repairs
For $300 - $500 a professional inspector will conduct a thorough inspection of the Amelia Island home you want to buy. This way, you’ll have an idea of the cost of future repairs. Make the final contract subject to a favourable report.

Shopping without pre-approval
It only takes a few days to get financing pre-approval. When you are shopping for an Amelia Island home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.

Remember additional cost
Besides the funds for the purchase of an Amelia Island home, you’ll need funds for items such as loan fees, insurance, legal fees, surveys, inspections, etc.

Rushing the closing
Before you sign, ensure that all documentation clearly reflects your understanding and conditions of the transaction. Has anything been forgotten? Don’t rush. You could lose money, financing or even the sale.