Wants vs Needs When Buying a Home – Learning the Difference
One of the first questions that a real estate agent will ask new buyers is, “What do you want in your new home”? It might seem like an easy question to answer but identifying your “wants’ from your “needs” is an important aspect of home seeking.
A need is something that is truly essential to how you and your family live. For instance, if you have a family of four, you truly can’t live in a studio-style apartment; bedrooms become a real need in house hunting. By contrast, while having an acre of land would be nice, do you truly have to have that much space in your yard?
Make a List
One way to focus your thought is to create a list of features and amenities...
Tips to Get the Best Price when Buying a House
Buying a home is typically the largest financial purchase most people make in their lifetimes. Of course you want to get the best possible deal, but with the desirable properties moving quickly on and off the market, how can you put yourself in the best position to get the best price when making that offer?
By preparing properly, you can be in a great position to write a good offer and have it accepted.
• Get a preapproval before you go house-hunting
• Write an offer based on home value and not list price
• Gather information about why the seller is moving, their motivation
• Ask for extras, such as washer/dryer or refrigerator
• Consider removing some contingencies or offer better...
The Difference Between a Pre-Qualification vs. PreApproval
There is plenty of real estate terms used in transactions. Needless-to-say it can be confusing for both buyers and sellers trying to navigate the process. The home loan process might feel overwhelming and difficult to understand. Both buyers and sellers find terms like “PreQualification” and “Pre-Approval” used interchangeably, it’s no wonder they find themselves wondering how to proceed.
The first step in obtaining a home loan is to meet with a lender and discussing their financial situation. The lender will discuss income, job stability, debt and credit. Once they have performed a basic review of the qualifications and run credit, they will issue a Pre-Qualification Letter...
5 Tips for a Smooth Moving Day
Regardless of whether you’re moving across town or across the globe, moving day can be stressful. Often people find themselves scrambling to get everything done and make sure it’s done correctly. By following a few simple steps, you can make your moving day go smoothly and without the typical headaches.
1. Hire the Right Company – The easiest way to ensure your moving day goes smoothly is to do your homework ahead of time. Clearly communicate your needs and expectations, check references and keep a record of all conversations and estimate.
2. Have Your Packing Done Ahead of Time – Don’t wait until the last minute to get your portion of the packing done.
3. Check the Work Order before They Start – Mistakes and misunderstandings...
Have you been dreaming of a 2nd home? You are not alone especially if you are thinking of coming south to Florida. Florida is the #1 choice for people looking to purchase a 2nd home.
Why wouldn't Florida be #1? The weather, easy travel access, beautiful beaches and the largest number of golf courses make it an easy choice. Dining outdoors at night is a popular activity too. It is hard to imagine that it is winter.
According to the Florida Association of Realtors, Florida has the largest number of second homes – 1.1 million properties – followed by California, New...
Tips For 1st Time Investors
It’s never too late to begin investing in real estate…..it’s never too early either. Real estate offers a solid investment opportunity which can provide not only an income stream but long term value appreciation as well. Regardless of the ups and downs of the market, people will always need housing, so real estate will remain a good way to create wealth.
By understanding some of the basics of real estate investing, you can begin to create your own plan. Here are 5 tips for first time real estate investors.
1. Use Leverage - Learn about options other than your own savings for these costs.
Never Skip A Home Inspection
Buying a home can be expensive. It might feel like once you’ve entered escrow, you have new things to pay for at every turn. While the fees are normal and customary, if you don’t buy a home often, you might wonder if they are all necessary.
One expense that is often discussed is inspections. What inspections do you need and how should you choose the right person to perform them. During the home inspection contingency period, you have a right to perform as many investigations as necessary to determine the condition of the property you are buying.
Typically you will want to make sure there are a home inspection and a termite inspection. Other options could include a mold inspection,...
Florida Ranks 5th On Most Tax-Friendly States
When buying a home, there are a lot of factors that come into play- climate, cost of living, lifestyle, and taxes. Fortunately, Florida provides the great weather, all of the activities that you desire, an active lifestyle, and most importantly, a favorable tax environnent Kiplinger listed the 10 most tax-friendly states for retirees, and there is no surprise the Sunshine State made it to the top 5 among other states like Georgia, Nevada, South Dakota, and Pennsylvania.
Florida exempts Social Security benefits, inheritance tax, estate tax and we don't have a state income tax. The lower...
Here’s Why Now Is The Best Time To Start Your Life In Florida
Have you ever dreamt of owning a home in Florida? This is the time to turn that dream into a reality. Florida is paradise with no shortage of things to do. From music festivals and sporting events, to theme parks and beaches, there is no doubt why Florida remains in its rank in cities people would want to live in.
Are you ready to make Florida your new home? We are here to share with you the reasons why more people are moving to Florida:
Florida does not have state income tax. The primary benefit of eradicating individual income tax is that residents have room for growth, which makes them better at creating jobs.
Florida is home to a diverse...
Choosing Your Lender is Important
The team that a buyer puts together is important to the success of having an offer accepted. The buyer's agent and lender can make the difference bettween having the home of your dreams or hearing the seller accepted another offer. So how do you choose your lender? Here are some tips:
Selecting your Lender
1. It is not just about the interest rate. Yes you want them to be competitive however if you have the lowest rate with a lender that seller's don't like then what matters. Lenders are often the tipping point of which deal to take.
2. Does your lender have in house under writing and processing? Why does this matter? They can do things better and faster. Imagine having a lender that has 7 days a week applications, processing and underwriting. This allows for closings in...