first time home buyer: How to be a saavy first time home buyer, part 1
- 08/28/09 02:59 AM
In this bipolar residential real estate market in Broward county, it is a very tough proposition for someone looking to jump into the real estate market for the first time. The very most important idea to take away from this post is the following: 1. CURRENTLY THERE ARE TOO MANY BUYERS BIDDING ON TOO FEW PROPERTIES! The statement above affects everything else for the buyer looking to obtain their first home (of course this applies to ANY current buyer as well). If a buyer can understand the ramifications of this statement then he/she can be successful in this market. What this … (0 comments)
first time home buyer: Credit Scores and Mortgages
- 08/26/09 05:11 AM
Things a Home Buyer Should Know About Credit Scores by Brandon Cornett Go online and start researching the topic of credit scores, and you will quickly be overwhelmed with information and analysis. But in truth, there are only a few important concepts that you, as a first-time home buyer, should know about credit scores. Here are five of the most important things to keep in mind when you start shopping for a mortgage loan - an even long before that. 1. Mortgage lenders will check your score. When you apply for a home loan, you can be certain that the mortgage … (0 comments)
first time home buyer: The market is changing (for the better!)
- 03/09/09 03:13 AM
Just in the last week we have been noticing that any decent bank owned properties priced aggressively are encountering multiple offers above the asking price. I've spoken with other agents and all see the buyers returning within the last 1-2 weeks. This isn't opinion, it is what is happening right now in the local South Florida marketplace. Is this finally a sea change or a blip on the radar? Only time will tell. If you are thinking about buying please call me so we can setup your search! … (0 comments)
first time home buyer: Bank Owned Properties
- 02/05/09 01:05 AM
IN THIS MARKET THE BEST WAY TO HANDLE BANK OWNED PROPERTIES AS A BUYER IS TO PROVE TO THEM THAT YOU ARE READY WILLING AND ABLE TO CLOSE-AND CLOSE WITHIN 30-45 DAYS. THE BEST WEAPON TO HAVE IN YOUR ARSENAL IS A PRE-APPROVAL FROM A DIRECT LENDER ASKING ONLY FOR A SALES CONTRACT, APPRAISAL, AND CLEAR TITLE IN ORDER TO FUND THE LOAN. I CAN PUT YOU IN TOUCH WITH A TRUE MORTGAGE PROFESSIONAL THAT CAN ALLOW YOU TO BE A SIMILAR TO A CASH BUYER. JUST CALL OR EMAIL TODAY! … (0 comments)
first time home buyer: Minimum requirements to buy utilizing an FHA mortgage
- 01/13/09 05:23 AM
The most important thing to know as a buyer today is that as of January 1, 2009, the absolute minimum down payment amount is 3.5%. The good news is that some or all of this money can be gift funds. One of the benefits of an FHA mortgage is that they have the highest allowable seller contributions to closing costs and/or prepaid items, up to 6% of the purchase price. The property must be in a "habitabal" condition. At a minimum there must be at least 2 years of life left on the roof and the property must be termite free. … (0 comments)
first time home buyer: Dealing with Bank Owned Houses
- 01/08/09 03:24 AM
Another of the many questions we receive from buyers is "How can I get a great deal on a foreclosed property?" I cannot tell you how many times I get a call from someone that sees a $300k home on the internet and because it is owned by the bank they want to offer $190k. I won't waste my time or the buyer's time writing up this kind of offer. Here's a little secret: Just because banks are in the business of lending money does not mean when they take back a house via foreclosure that they will just give it … (0 comments)
first time home buyer: FAQ what do I need in order to buy a house?
- 01/08/09 02:39 AM
This is the question we get a lot as Realtors. What do I need to do in order to be able to buy a house? Here are the 3 most important steps to take Get your mortgage PRE-APPROVED! Get your mortgage PRE-APPROVED! Get your mortgage PRE-APPROVED! WHY??
To NOT find the home of your dreams and THEN try to figure out how to pay for it. Let me help you negotiate from a much stronger position- almost like a cash buyer. You will feel better knowing that every house I show you is within your reach. … (0 comments)
first time home buyer: First Time Home Buyer Program City of Davie
- 12/10/08 06:35 AM
If you live in the city of Davie and think you may qualify for this program contact me for more information! The Town is a recipient of the State Housing Initiatives Partnership (SHIP) Grant Program, and works closely with the Broward County Office of Housing Finance (OHF) and the Office of Community Development, to provide the highest quality of housing services. Broward County administers an "Affordable Housing Trust Fund" on behalf of a "Housing Partnership" that includes the cities of Coral Springs and the Town of Davie. Although Davie falls under the County's Local Housing Assistance Plan (LHAP), the Town determines … (3 comments)
first time home buyer: Brand new townhomes in west Miramar No $$ down starting at $199,900!!
- 05/02/08 04:53 AM
Call today as there are only a handful of inventory homes available at these great prices. There is nothing like being the first to live in a NEW home! Call today and let me show you these wonderful homes! Min. credit score of only 580 and you can move in for ZERO MONEY DOWN! Minimal deposit required- CALL TODAY!! … (1 comments)
In this bipolar residential real estate market in Broward county, it is a very tough proposition for someone looking to jump into the real estate market for the first time. The very most important idea to take away from this post is the following:
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