Buying a Home

How do you pick the right community?

Picking the right community and home is important when buying 

Finding the right community

Buying a new home is more than bedrooms and baths. After helping home buyers since 1989 we know that it is about a lifestyle. As many different buyers there are, there is a right property out there for them. 

It is important to have someone on your team that can help you find the right property and the right lifestyle. Our process allows us to understand the picture of the dream property in the client's mind into our mind. How do we do that? We believe it is better to ask our client 50 questions and show them the right 5 homes rather than ask them the basic 5 questions and show them 50 homes. Let's face it, buyers are too busy to look at the wrong properties. 

When buying...

What will you INVEST in with your Tax Refund?

Are you getting a tax refund? Did your paycheck go up due to tax reform or possibly a raise? It is really easy to think about doing something fun or go on vacation with the extra money. A moment of fun would be great however imagine if you invested that money in your long term future. 

Here are few opptions to consider:

1 . If you are renting, buying your first home is a great option to use your extra money towards a downpayament. We have tips for you on the 5 steps to buying a home

2.  If you own your home, it might be time to consider buying an investment property. 

3. If you are thinking of selling, a few improvements to your current home to improve the salability...

Challenges and Opportunities for the Medical Profession and Buying a Home

There are challenges and opportunities for those in the medical field when it comes to buying a home. Many think that Doctors only have opportunities however after helping so many great clients we know that is not the case. Think about it, to become a Doctor it usually comes with a lot of debt from education. It takes many years and a lot of money to become a Doctor and that debt can take decades to pay off.

The great news is that there are loans dedicated specifically for those in the medical profession that look at the equation of income and debt a bit differently. 

Now there is even more help for those in the medical field that are not doctors however have different medical and dental specialties. The programs allow for less downpayment (more like a FHA loan) without mortgage insurance. That can be a great savings. 

If you are in the medical...

Costly Mistakes When Buying a Home

Are you looking to buy a home in 2018? There are some common mistakes that could cost you the home that you want. During the past week, we have seen buyers make the 3 mistakes that has caused them to hear bad news instead of having their offer accepted. 

1.  Buyers using Zillow to look for their dream home, especially in competitive price ranges. The challenge is that Zillow is not real time. Many of the homes are already sold since real estate agents have access to the homes for sale first. Searching in real time is critical. This issue is one of the reasons that we have a competitive website that is real time so buyers have accurate information including whether a home is still for sale or already under contract.

2. When finding the right home, making low offers and taking too long to negotiate the deal. Until a contract...

5 Ways To Thrive In a Seller's Market

If you are buying a home in a seller's market, it can be frustrating if you don't have a plan. Finding a home that you love only to hear that it is already sold or that the seller has accepted another offer is never what a buyer wants to happen.

So what should you do? 

When the right home comes on the market, you need to be available to see it and make a strong offer if you are interested in the home. Time is not your friend when you are in a seller's market situation. Neither is not having all of the right information to make your offer as strong as possible. If you are getting a mortgage, having a lender with a great reputation and a solid pre-approval is key 

Price to a seller is important however so are terms.  Make the offer as good as possible. Bringng a human factor to the offer is also helpful. 

When you are buying, having a Buyer's Agent can make the difference in your home purchase experience. Treu Group Real Estate has a proven process to help you find...

VA Loan and Your New Home

Are you thinking about buying a more expensive home? Did you serve our Country and have VA financing benefits? One thing that many buyers don't know is that there is not a cap on financing with your VA loan.  Really?  Yes really.  

With your VA loan, you can get a loan for $424,100 with 100% financing. That is pretty amazing. So what happens if you want to buy a home for more than $424,100.  Out of luck? Have to put the difference down as a down payment? I have great news for you, no you don't.

So here is the concept of how it works:

$424,100 is 100%

Above $424,100, the rule of this is that Veteran needs to pay $0.25 for every $1 above. 

So if you are buying a $600,000 home here is an idea of what the numbers would look like:

Purchase price $600,000

Difference between $600,000 and $424,100 = $175,900...

Getting Ready to Buy Your 1st Home

Millenials have a new challenge to buying their first home with increased student debt and less opportunities for earning income. Saving money for a down payment and closing costs have become a real challenge for many first time home buyers. 38.4% of millennials are living at home between the ages of 18-34. 

So what is the solution? The first advice I alway give is your 1st home likely won't be your dream home. The goal is get into the real estate market. Making good decisions is critical with an ideal on your exit strategy. Yes, you need to think about moving when you are buying. That does seem odd right? It is not actually. Will you sell it? Or will you rent it? Why does this matter? It matters because it might impact the type or area that you purcase in. 

The challenge for many first time home buyers is the deposit. Often, if you...

Getting a Mortgage So You can Buy Your New Home

If you are like most buyers, you will be obtaining a mortgage. It is a critical step in obtaining the keys so you can move into your new home. So what is the big deal? Getting a mortgage is step one of making your dreams come true. 

Florida is number 1 for mortgage denials. This isn't something that we want to be #1 in as it means that buyers and sellers are disappointed and closings don't occur. 17% of applicants get denied. Wow, that is a big number. Imagine that you have found a home you love, you're already decorating in your mind and packing only to hear NO. 

So what do you do if you want to buy a home to have your loan approved?  There are steps to improve your chances of having your loan approved.

  1. Check your credit on a free credit score site like creditkarma.com. This will give you an...

The International Impact on South Florida Real Estate

The International Impact on South Florida Real Estate

The international impact on our South Florida real estate market makes me think of "It's a Small World After All".  If you have been to Disneyworld, that song probably started going in your head.  In South Florida, that is a great theme song for our real estate market.

Florida has become a favorite with International Buyers and is the #1 place that they are investing their money.  

Top States for International purchased

Florida - 22%

California - 15%

Texas - 10%

New York and Arizona - 4% ...

The Gloves are Off - Buying versus Renting

It is time to duke it out.  In one corner is renting and in the other corner is buying.  So who will win this battle?  What is the right choice for you?  Here are the things that you need to consider when thinking about Palm Beach County real estate.

1.  Where you are in your life? 

Are you ready for the responsibility of owning a home?  Will you be ready to handle maintenance issues instead of just calling the landlord when something goes wrong.  

2.  How long do you plan to stay?  

A recent study notes that it takes less than 2 years for owning to make sense over renting.  So if you're planning on moving in a year or two, then staying a renter is the better choice.  If you are looking to stay 3-5 years, then buying is likely...