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financing: Buying new construction vs Bank Owned Foreclosure Property - 04/15/11 05:36 PM
There's been some debate lately as to whether you should buy New construction property versus a Bank owned foreclosure home in Orlando. I say either can be a great deal just depends what you are looking for and current housing needs.
 
Here are my top reasons you should purchase a New Construction Home in Central Florida:
 
It's brand new - never lived in, most the time you get to pick the fixtures and have outstanding warranties from 1-2 year interior to 10 year structural If the community is new there are no bad loans in the community meaning no … (2 comments)

financing: Why are you not using an FHA loan? Do you know what you are missing? - 05/01/08 05:19 PM
Have you been told by another agent or a lender that you make a good salary but need more money down, or dont have the best credit and cant get financed. Well maybe if you are going through a conventional loan, but FHA rules and guidelines have changed greatly. If you thought buying a house with no money down was a thing of the past your wrong. Read more to find out what I mean.
FHA Rules:
Up to 6% seller contribution
Can be used in conjunction with Nehemiah Down Payment Assistance Program
Do not have to have a WDO or Home Inspection report. (You … (4 comments)

financing: First Time Home Buyer Down Payment Assistant Program Nehemiah No Money Down - 03/26/08 12:52 PM
I know most first time home buyers have heard the rumors about tightening of the lending guidelines that no money down is gone, that if you go FHA you must have 3-5% down payment in addition to your closing costs. Well that is all true however there is a great program out there called Nehemiah. The good lenders, realtors and builders are using it every day to help first time home buyers purchase their first home and get around having to have excess funds for a down payment.
So what is this Nehemiah you ask? Glad you asked.
Nehemiah exists for one … (5 comments)

financing: First Time Home Buyers Answers to your Financial Questions - 01/10/08 09:24 PM
As a first time home buyer you often have lots of questions and fears about financing your first property. Here are some common fears and answers to those fears.
Question: We have heard that it's cheaper to rent than buy.
A rent payment on an apartment is often lower than a house payment would be, but it is not cheaper in the long run. While your rent payment could be $100-$400 lower then a house payment, you would receive no tax shelters or equity build-up. Your rent will continue to increase while a house payment will remain the same.
Le's say that your … (2 comments)

financing: The Real Cost in Waiting to Purchase Real Estate - 01/10/08 09:25 AM
Most buyers in todays market have no urgency to buy. Most are sitting around seeing what the market will do and spending another month on rent and making someone else rich. To help them with their lack of enthusiam it's important to educate buyers. I feel most buyers feel educated because they listen to the media so they know whats going on.
Well talk the people who bought their houses in 2006 because the media told them if you dont do it now you might not be able to afford a home ever. Ask them if they will listen to the … (2 comments)

 
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Heather the Realtor - Orlando, Lake Mary First Time Home Buyers, Bank Owned Homes

Orlando, FL

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RE/MAX Central Realty

Address: 605 Crescent Executive Court Suite 332, Lake Mary, FL, 32746

Office Phone: (407) 810-6304

Cell Phone: (407) 810-6304

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Heather Unger's blog is for those looking to gather information on Central Florida's Real Estate Market including areas such as Orlando, Lake Mary, Baldwin Park, Lake Nona, Longwood, Seminole County, Winderemere, Winter Park, Thornton Park & College Park.
In her blogs you will find information on how the current and local market is for all types of buyers and sellers from first time home buyers to the luxury real estate market, where to find the next deal in new construction and bank owned properties (REO) or how to get your home sold quickly. Better yet check out her website www.HeatherTheRealtor.com.
Here you can also find her video blog showing her recent appearances on HGTV's House Hunters and other great real estate videos, plus information on local communities and areas.


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