----------------------
TAKE CHARGE WHEN BUYING
1-Take Charge When Buying A Home, Knowledge and experience are the keys to successful real estate transactions. Knowledgefinancial.com contains an enormous amount of valuable information, and such data -- combined with the expertise, experience and training of a local Realtor -- this can be the essential keys to your success.
One of the keys to making the home-buying process easier and more understandable is planning. In doing so, you'll be able to anticipate requests from lenders, lawyers and a host of other professionals. Furthermore, planning will help you discover valuable shortcuts in the home-buying process.
Do You Know What You Want?
Whether you are a first-time home buyer or entering the marketplace as a repeat buyer, you need to ask why you want to buy. Are you planning to move to a new community due to a lifestyle change or is buying an option and not a requirement? What would you like in terms of real estate that you do not now have?
Do you have a purchasing timeframe?
Whatever your answers, the more you know about the real estate marketplace, the more likely you are to effectively define your goals. As an interesting exercise, it can be worthwhile to look at the questions above and to then discuss them in detail when meeting with your local Realtor.
---------------------------------
2-GET A REALTOR
Why?Buying and selling real estate is a complex matter. At first it might seem that by checking local picture books or online sites you could quickly find the right home at the right price.
But a basic rule in real estate is that all properties are unique. No two properties -- even two identical models on the same street -- are precisely and exactly alike. Homes differ and so do contract terms, financing options, inspection requirements and closing costs.
Also, no two transactions are alike.In this maze of forms, financing, inspections, marketing, pricing and negotiating, it makes sense to work with professionals who know the community and much more. Those professionals are the local REALTORS who serve your area.
SOUTH FLORIDA ---CALL ANTONY AN EXPERIENCED PROFESSIONAL REALTOR A--- F.I.R.
GOVERNMENTS GENERAL INFORMATION CENTER: MIAMI DADE COUNTY, BROWARD COUNTY, MONROE COUNTY, PALM BEACH COUNTY, CLERK OF COURTS, STATE OF FLORIDA AND THE U.S. FEDERAL GOVERNMENT.
You name it, You get it - You need it, You find it -You want it, Search for it!
3-LOOK FOR HOMES --- Motivated Sellers; Selling at Unbelievable Prices...
What are you looking for?
A home is more than just a collection of bedrooms and bathrooms. Several properties -- each with four bedrooms, three baths, and the same price -- may well represent radically different designs, commuting distances, lot sizes, tax costs, interior dimensions, and exterior finishes.Each of us is different and so it's important to list the features and benefits you want in a home.
Consider such things as pricing, location, size, amenities (extras such as a pool or extra-large kitchen) and design (one floor or two, colonial or modern, etc.).Next, it's important to consider your priorities. If you can't get a home at your price with all the features you want, then what features are most important? For instance, would you trade fewer bedrooms for a larger kitchen?
A longer commute for a bigger lot and lower cost?How do you find a house?Some buyers like to search at www.knowledgefinancial.com by looking at listings on the basis of location or price; others prefer to have local Realtor; and many buyers prefer both approaches.
---------------------------------------------
4-PRE-QUALIFICATION
A Mortgage Broker CAN BE A VERY GOOD HELP.
As a mortgage broker myself, I have Many Different Types of Loan Programs Designed to Fit Every Borrower Real Estate Financing need.
MORTGAGE LOAN PREQUALIFICATION. The first step, and most important step inbuying a home: Isgetting Pre-Qualify for a home loan.
By getting pre-qualified you immediately find urself in astronger negotiation position.You made yourself more attractive to sellers.
Pre-approval can speed up the buyingprocess and increaseyour chance of reaching an agreement onthe purchaseprice.
--------------------------------------
Call ANTONY FORMORTGAGE . (SOUTH FLORIDA)We have for commitment to break down thebarriers toowning a home.We have helped many find their waysalready, and we willcontinue to do so!
We are here to turn traditional renters intoproperty ownersand landlords
-------------------------------------------
5-CHOOSE A HOME
As a buyer, here's what actually happens. A home has been placed on the market for which the seller has established an asking price as well as other terms. In effect, this is an offer. At this point, you have three choices: accept the seller's offer and create a contract; reject it and not make an offer; or suggest different terms and make a counter-offer. If you choose this last option, the seller may accept, reject or make a counter-offer.
--------------------------------------
FIRST TIME HOME BUYER'S GENERAL INFORMATION FOR A SUCCESSFUL HOME-BUYING! Bringing the Dream of Home-ownership Within Reach...
THE DREAM NOW CAN BECOME A REALITY.
-----------------------------------
6-MAKE YOUR HOME INSPECTION
HOW TO USE A HOME INSPECTION REPORT TO NEGOTIATE THE SALE PRICE?
WHAT SHOULD I LOOK FOR WHEN WALKING THROUGH A HOME?
In addition to comparing the home to your minimum requirement and wish lists, use the HUD Home Scorecard and consider the following:Is there enough room for both the present and the future? Are there enough bedrooms and bathrooms? Is the house structurally sound?
Do the mechanical systems and appliances work?
Is the yard big enough? Do you like the floor plan? Will your furniture fit in the space? Is there enough storage space? (Bring a tape measure to better answer these questions.)
Does anything need to repaired or replaced?
Will the seller repair or replace the items? Imagine the house in good weather and bad, and in each season.
Will you be happy with it year-round? Take your time and think carefully about each house you see. Ask your real estate agent to point out the pros and cons of each home from a professional standpoint
---------------------------------------------
7-MAKE AN OFFER
How much? You sometimes hear that the amount of your offer should be x percent below the seller's asking price or y percent less than you're really willing to pay.
In practice, the offer depends on the basic laws of supply and demand: If many buyers are competing for homes, then sellers will likely get full-price offers and sometimes even more. If demand is weak, then offers below the asking price may be in order.
---------------------------------------------
How do you make an offer?
The process of making offers varies around the country. In a typical situation, you will complete an offer that the REALTOR& will present to the owner and the owner's representative. The owner, in turn, may accept the offer, reject it or make a counter-offer.
Because counter-offers are common (any change in an offer can be considered a "counter-offer"), it's important for buyers to remain in close contact with REALTORS& during the negotiation process so that any proposed changes can be quickly reviewed.
FORTLAUDERDALE AREA, BROWARD COUNTY FLORIDA. BUYING OR SELLING PROPERTY. GET HELP NOW!
PALM BEACH COUNTY FLORIDA. BUYING OR SELLING A REAL ESTATE PROPERTY WITH THE HELP OF A PROFESSIONAL.
--------------------------------------------------
8-GET FUNDING
How do you get a loan? To obtain a loan you must complete a written loan application and provide supporting documentation. Specific documents include recent pay stubs, rental checks and tax returns for the past two or three years if you are self-employed. During the prequalification procedure, the loan officer will describe the type of paperwork required.
Where and how to Shop for a Mortgage loanA mortgage brokerGood brokers are trained to scour the entire market for the best loan at the lowest interest rate.
Most brokers collect a fee from the lender (though this ultimately adds a little to what you pay for your mortgage); other brokers charge the consumer directly.
Your local bankIf you have a bank you trust, stop by and ask about its offerings .
But be aware that you'll be offered a limited menu, consisting of only that bank's loan products.Friends and relativesPrivate sources of mortgage money -- parents, other relatives, friends, or even the seller of the house you want to buy – are a widely used source of home-loan money.
Borrowing From Family and Friends to Buy a House.You can save real money if you carefully shop for a mortgage. Even a one-quarter percentage point difference in interest rates can mean savings of thousands of dollars over the life of the loan.
Banks, credit unions, savings and loans, insurance companies, and mortgage bankers all make home mortgage loans. The terms change frequently, so it's good to compare at least a half a dozen lenders -- or to get the help of an experienced mortgage broker.
SOUTH FLORIDA, CALL Mr. ANTONY
AT: 786-709-6577 -- WE ARE LICENSED MORTGAGE BROKER
We can help you sift through the latest offerings. Start by deciding what type of mortgage you're interested in, whether it's FHA, CONVENTIONAL fixed rate, adjustable rate, or one of the many hybrids available.
------------------------------------------------
CANADA USA REAL ESTATE GENERAL INFORMATION. HOW TO BUY A REAL ESTATE PROPERTY IN SOUTH FLORIDA?
HOMEBUYING AND SELLING GUIDE FOR ALL CANADIANS REAL ESTATE BUYERS
BUYING OR SELLING A REAL ESTATE PROPERTY IN AVENTURA, WILLIAMS ISLAND, SUNNY ILES FLORIDA.
-----------------------------------------
9-WHAT RESPONSIBILITIES DO I HAVE DURING THE LENDING PROCESS?
To ensure you won't fall victim to loan fraud, be sure to follow all of these steps as you apply for a loan:
Be sure to read and understand everything before you sign.
Refuse to sign any blank documents. Do not buy property for someone else.
Do not overstate your income.
Do not overstate how long you have been employed.
Do not overstate your assets. Accurately report your debts.
Do not change your income tax returns for any reason.
Tell the whole truth about gifts.
Do not list fake co-borrowers on your loan application.
Be truthful about your credit problems, past and present.
Be honest about your intention to occupy the house
Do not provide false supporting documents.
HOMME-SELLERS: Learn the best ways to sell your real estate property fast, easy and for the top price.
For Sale By Owner Properties; sell your real estate now! ---- Commercial Properties Howners. Sell right here your commercial property.
----------------------------------------------------------------
10-WHAT STEPS NEED TO BE TAKEN TO SECURE A LOAN?
The first step in securing a loan is to complete a loan application.
To do so, you'll need the following information:
Pay stubs for the past 2-3 months
W-2 forms for the past 2 years Information on long-term debts
Recent bank statements tax returns for the past 2 years
Proof of any other income Address and description of the property you wish to buy Sales contract
--------------------------------------------------------------
ARE THERE SPECIAL MORTGAGES FOR FIRST-TIME HOMEBUYERS?
Yes. Lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in the past.
Lenders may now be able to help borrowers who don't have a lot of money saved for the down payment and closing costs,
have no or a poor credit history,
have quite a bit of long-term debt,
or have experienced income irregularities.
---------------------------------------------------
CONSIDER FHA MORTGAGE LOAN
WHO CAN QUALIFY FOR FHA LOANS?
Anyone who meets the credit requirements, can afford the mortgage payments and cash investment, and who plans to use the mortgaged property as a primary residence may apply for an FHA-insured loan.
----------------------------------------------
F H A MORTGAGE LOANS,
THE GOVERNMENT IS THERE TO HELP YOU PURCHASE YOUR HOME.
PLEASE CONTACT US WE WILL SHOW YOU THE WAY .
INTEREST RATES HAVE DRASTICALLY DROPPED;
-------WHAT A BETTER TIME TO INVEST IN REAL ESTATE, OR TO REFINANCE AN EXISTING PROPERTY?
THIS IS A GOLDEN OPPORTUNITY TO TAKE ADVANTAGE OF THE LOW INTEREST RATES TO REFINANCE OR TO PURCHASE A NEW PROPERTY.
------------------------------------
11-CLOSING TIME
Before closing, buyers typically have a final opportunity to walk through the property to assure that its condition has not materially changed since the sale agreement was signed.At closing itself, all papers have been prepared by closing agents, title companies, lenders and lawyers.
This paperwork reflects the sale agreement and allows all parties to the transaction to verify their interests.
In practice, closings bring together a variety of parties who are part of the & quot; transaction " process. For example, while the history of property ownership has been checked, it's possible that the records contain errors, unrecorded claims or flaws in the review itself, thus title insurance is necessary.
At closing, transfer taxes must be paid and other claims must also be settled (including closing costs, legal fees and adjustments). In most transactions, the closing agent also completes the paperwork needed to record the loan.
HOMME-SELLERS: Learn the best ways to sell your real estate property fast, easy and for the top price.
For Sale By Owner Properties; sell your real estate now! ---- Commercial Properties Howners. Sell right here your commercial property.
What to expect Settlement is a brief process where all of the necessary paperwork needed to complete the transaction is signed. Closing is typically held in an office setting, sometimes with both buyer and seller at the same table, some
times with each party completing their papers separately.Whatever the case, the result is that title to the property is transferred from seller to buyer. The buyer receives the keys and the seller receives payment for the home. From the amount credited to the seller, the closing agent subtracts money to pay off the existing mortgage and other transaction costs.
Deeds, loan papers, and other documents are prepared, signed and filed with local property record offices.
WHAT DO I GET AT CLOSING?Settlement Statement, HUD-1 Form (itemizes services provided and the fees charged; it is filled out by the closing agent and must be given to you at or before closing)
Truth-in-Lending Statement Mortgage Note Mortgage or Deed of Trust Binding Sales Contract (prepared by the seller; your lawyer should review it) Keys to your new home
------------------------------
REAL ESTATE FINANCING:
WHERE AND HOW TO FIND MONEY TO INVEST IN REAL ESTATE?
HOW TO USE THE MOST EFFECTIVE METHODS, TECHNIQUES AND STRATEGIES TO MAKE THE BANKS SAY, "YES YOU'RE APPROVED'?
--------------------------------
GOVERNMENTS GENERAL INFORMATION CENTER: MIAMI DADE COUNTY, BROWARD COUNTY, MONROE COUNTY, PALM BEACH COUNTY, CLERK OF COURTS, STATE OF FLORIDA AND THE U.S. FEDERAL GOVERNMENT.
You name it, You get it - You need it, You find - You want it, Search for it!
HOMME-SELLERS: Learn the best ways to sell your real estate property fast, easy and for the top price.
For Sale By Owner Properties; sell your real estate now! ---- Commercial Properties Howners. Sell right here your commercial property.
COMMERCIAL REAL ESTATE INVESTMENT:
Commercial Real Estate is how fortunes are made. Is how rich retirements are secured.
How financial freedom is locked down.
Even in harsh economy that has sunk the single-family housing market, Commercial Real Estate remains the top investment.
Now is the time for you to jump into commercial real estate investments. Learn how you could become a Millionaire in Commercial Real Estate!
HOME-BUYING ESSENTIAL GUIDE. THE HOME BUYING GUIDE! ---------- IMPORTANT THINGS TO KNOW BEFORE BUYING...
REAL ESTATE FOR SALE: AT Low Prices, Below Market Value, Low Interest rates.
Search for properties in any city; Right Here, Right Now. Fast, Easy and Simple. Motivated Sellers; Selling at Unbelievable Prices. .Live Your DreamSearch it, Find it, Learn about it, Negotiate it, Buy it.
No comments:
Post a Comment