However, despite any statements to the contrary, Agents are not independent and they do not (and legally cannot) act exclusively on a Buyer’s behalf. They cannot, for example, be expected to highlight:
– Both the merits and de-merits of the extras they enthusiastically persuade a Buyer to add on to the basic home – e.g. tiling, upgraded carpets, more expensive bathroom fittings. Do these really add value to the home in the terms of rentals or resale, or is it just that they generate a disproportionately high commission for the Agent? Would these extras be of no help, or even detrimental, in circumstances where re-sale to a US buyer was later contemplated
– The particular advantages of one plot versus another, both for rental purposes and in the event of a resale – for example, the order in which plots will be developed and the extent to which building work will continue around a given plot for months to come
– The reason for certain plots being discounted or promoted – is it because of further, more attractive phases coming on stream soon, de-valuing the current plots even below the discounted price?
For more information specific to UK buyers, click here: Buying Florida Property.