Cape Coral Real Estate

The basic of a Real Estate transaction is obviously a seller willing to sell to a buyer willing to buy. Once you have those terms agreed upon, you are half way to closing.

But if the seller have to settle for a low ball offer from a buyer, everyone involved in the deal may lose time and money. This is where a clever agent can use valuable skills to negotiate the deal and make it happen all the way to the closing.

One thing I use to do is really showing the temperature of the market to  my buyers. I think it is important that they acknowledge how the today’s Real Estate market in Cape Coral is reacting to. I compare sold pricing instead of listed pricing, and this can be valuable to sellers as well in order to ask the right price instead of waiting an offer forever. Once my buyer understand the market, of course, it is ultimately their decision on what to put in their offer. But at least they know the potential result.

Also, I like to compare what’s comparable. I recently visited a seller. It was a “by owner” and his price was close enough to what the neighborhood was asking for. However, the features of his home were very different and a realistic price should be much lower. That’s why it’s still for sale with no showing today, after months on the market. So, I show only similar features home for comparing and make a wise decision about the offering price.

Low ball offers usually waste buyers’ time. And that time is valuable. If a buyer is offering low ball offers on 20 properties and getting denied each time, offering a decent price at the first one would most likely had given equity by now to that buyer. Not only he had money in the property, but he is an owner instead of nothing, hoping for “the best deal” to happen. Make low ball offers if you don’t need to buy, not if you are looking for a roof to live under.

Now, if you see a property bought around 2005-2007, when the Real Estate was at peak, chances are the seller is selling at lost. He knows that and it is already difficult for him. Showing a low ball offer right there is to shoot yourself in the foot. This is something I have the need to emphasize for the health of a transaction. Sellers are people with families they have to take care of, not just a number. Ultimately, again, my buyers have the last decision about their offer.

Low ball offer

But let me tell you something that happened in the last few months when a buyer from Pennsylvania emailed me asking for a “good deal” foreclosure. I had several of them and even if I explained that the market is bouncing back, often with multiple offers, this buyer wanted to get a bargain in a location where everything was dirt cheap.

I found a nice pool home located in the SE of Cape Coral with access to the gulf of Mexico. It was a foreclosure well priced at $179,900. He told me he would pay that price when he saw the other similar sold properties I sent to him. But he wanted to “grab a deal” and he made an offer at $150,000, hoping a counter offer in the mid $160K from the bank. The scenario I told him just happened. They was a counter offer, but to another buyer who offered $175,000 and who ultimately close on that property. At this time, there is no more gulf access pool home in SE cape under $200K. No need to say the buyer made an easy $25K equity in one month. My buyer? He closed on a lovely property with a nice pool for $195,250. He does not have access to the gulf of Mexico. He’s on a fresh water canal. He knows he missed it.

So, if you are thinking of low ball offers, just know what to expect. And don’t make me wrong, I make low ball offers myself time to time, but I don’t have to buy. If I close it, great. If not, oh well, next…Not a big deal

Comments (0) Apr 25 2012

If 2012 is your year for home hunting and purchase, here is a list of 5 things you should consider to do NOW before anything else.

1. 1. Check your credit. And I’m serious about that. Make a copy of your credit report online and review anything that can show negative transaction. Call the credit bureau in charge and fix your problem. There is nothing worse than finding the perfect home at the perfect price, getting ready with the down payment and everything and learn that you have been denied because of your bad credit. So, if there is any problem there, fix it now.

1. 2. Do your homework. Do you research online about 1 month before buying. Check the neighborhood, the market value, compare the foreclosure with the regular market, learn about short sale and see if it’s for you. Shop around for the best terms mortgage out there, call 4 or 5 mortgage broker and compare what they need and they fees/expenses. Ask them what documents you need to be qualified. Ask to be approved for a loan before even getting out to see properties. It’s frustrating to fall in love with a home that is price at $10,000 more than you can afford. Everything else will be disappointing at that point!

1. 3. Fluff up your down payment. Make sure to have a full understanding of the money you have to bring at closing, all fees including. Again, it’s frustrating to be short of a couple of thousands dollars in front of the home of your dreams. Get your finance in place and ready to go.

1. 4. Grow your cash. You’re gonna to move. So double check all that stuff that you didn’t use for the last 12 months or more. You won’t probably never use it ever. So make a big yard sale of that stuff, sell them on ebay or on craigslist and keep the money for your down payment or for some work you’ll need to do in your new home, like painting or new moldings.

1. 5. Be prepared. If you want to purchase a great deal, like a foreclosure, be prepared. I wrote a guideline about being prepared to make an offer on a foreclosure: Cape Coral Foreclosure . I have come across a lot of excited people like kids in front of a toy getting frustrated with those above asking price multiple offers. So being psychologically prepared will help you to handle your purchase.

Once you have everything ready and you have prepared yourself for your 2012 home purchase, feel free to give me a call at 239-240-7346 and I’ll prepare some visits and will help you during your transaction to make it as smooth as possible.

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Comments (0) Dec 17 2011

Do you think you can write an offer on a Cape Coral foreclosure for sale without the help of an agent? The answer is a big YES!

If you think about it, my guess is you want to save the typical 6% commission that we make. If it’s the case, you are completely mistaken. First, our commissions are not set to be 6%. It’s negotiable. And in the foreclosure and REO world, it’s the bank that decides how much they really want to pay. Most agents doing foreclosure make about 1 to 2% of the closed price as the seller representative. So the buyer’s agent is really doing something like 2 to 4%. In that case, if you represent yourself for that foreclosure home purchase, you’re really saving about those 2 to 4% commission.

Now, prepare yourself to get an accepted offer on that Cape Coral foreclosure house for sale. You will need a few things checked with the listing agent, and I have been in contact with most of them, they use to be very difficult if they are not in front of another agent because they think they’ll have to do all the work believing that you won’t be able to do your part:

• What kind of paperwork do they want?  Typical is proof of funds, pre-approval letter from your bank, etc…
• How many offers are on the property? Maybe it is a multiple offers situation already.
• Is there a mandatory minimum MLS marketing time?
• How do they want to receive your offer?  Fax, website or email.

So, once you have all that done, you’ll be able to put a good offer but you will need to know something important: the price. Don’t google that. You will not be able to rely on sites like Zillow or Trulia for pricing. They are not accurate. Hire an appraiser instead, especially if you do not have access to your local MLS. The point here is that you don’t want to pay too much or too little. Too much and you may overpay for the property and too little,you may lose the home to higher bidder.

You can also read this buying a foreclosure in Cape Coral post for more tips.

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Comments (0) Sep 26 2011

The Florida Land Title Association recently reported an incident to its members where a title agent fell victim to a fraud scheme involving a Smartphone and a new app that allows a check to be deposited by using the Smartphone’s camera to take a picture of the front and back of the check.

A couple was issued a check for closing proceeds. They then left the agent’s office but returned several hours later and asked the agent to wire the proceeds instead. The agent took the check back, voided it (rather than stopping payment on it) and wired the proceeds to the couple’s account. The agent did not realize that the couple had already deposited the check using a Smartphone, causing a shortage in the trust account. 

More and more banks, and even online payment sites like PayPal, offer downloadable applications for Smartphones that use the phone’s camera feature to take a picture of the front and back of a check and deposit it into the payee’s account. The real danger in this technology is there are no markings on the check indicating whether it has been processed because the image is only scanned and not run through a machine as it would have been had it been deposited at an ATM or with a bank teller.

The key to preventing such a scam is to protect your checks as if they were cash while they are in your office and also to refuse to exchange them for other forms of payment after they have left your office. Also, keep signed checks within your sight during the closing. Leaving signed checks on the closing table while you leave for a moment may allow a party to take a picture of the front and back of the check with a Smartphone and deposit it. Upon returning to the room, you might then be asked to wire the proceeds instead. This scam may not be caught until it is too late because the check will have been deposited without being removed from the closing room.

Please check with your title underwriter or the Florida Land Title Association for more information about fraud prevention related to closing transactions.

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Comments (0) Aug 27 2011

An additional hot spot will soon occupy the South Cape Entertainment district when the Dixie Roadhouse opens its doors in late August.

Because the closing of the Hired Hand Saloon far more than 13 years ago, numerous have anxiously awaited for the county scene to come back to Cape Coral.

Opening its doors on August 26, the Dixie Roadhouse will probably be a 10,000 square foot country and western nightclub located inside the heart of the city’s entertainment district. Coincidentally occupying exactly the same address as the Hired Hand Saloon as soon as did, the club can hold as much as 900 folks and promises to be new and distinctive option at the same time as a reason to get up off the couch and hit Cape Coral’s budding nightlife scene, “This will likely be one thing different than other clubs and restaurants. This is an actual nightclub,” says Dixie Roadhouse co-owner Lynn Pippinger.

The nightclub will probably be open its doors Wednesday via Saturday beginning at 5pm.

Looking to attract all ages, the club will offer line dance lessons nightly beginning at 7pm. At 10pm, music to pack the dance floors will start and play via the rest of the night, “The earlier entertainment and line dancing lessons will attract the older crowd. Once 10pm hits, the music shifts mixing country with classic rock, dance, retro and Best 40. That is when the younger crowd will come in and hit the dance floor,” says club co-owner David Townsend.

Whilst this may be the first club Townsend has opened in Cape Coral, he can be a veteran with the night club scene, having owned approximately a dozen clubs nationwide. He and Lynn also currently own Saddle Up in Chicago.

Townsend and Pippenger said they researched close to 200 properties across the nation when they decided to open up yet another club. Following narrowing their choices down to 25 properties, the duo hit the road and began visiting various places and buildings. When they drove into Southwest Florida, they knew they were on to one thing, “We came here and saw a marketplace with over 700,000 individuals, 3 country stations and no country nightclub,” mentioned Townsend.

The developing that Townsend and Pippinger had their eye on was the developing situated on SE 47th Terrace and SE 11th Place. The building was once the property of the Hired Hand Saloon and later the Bamboo Club, “We have really been seeking at the creating for the last year plus a half. It was built for a country and western nightclub. It had the bars in the precise locations we would have put them. Every thing was pretty significantly here. It’s far less costly to remodel than to construct. It was a ideal fit,” says Townsend.

Even though the creating may have as soon as been a country night club, do not anticipate the familiar appear that when was. The club is currently undergoing major renovations that consist of expanding the two,500 square foot dance floor, adding an additional bar, producing 3 bars total, two enormous fans over the dance floor and a new lighting system, at the same time as much much more.

Together with the new look, Townsend says they are also making innovative ways to make certain everybody will have an excellent time at a moderate cost. Drink costs, he says will probably be on par with other clubs and there is going to be methods to make the most of the $5 cover charge to obtain inside the doors. The club will supply poker chips with a $1 value to several of its customers. For example, if you come towards the club among 5pm and 8pm, if you pay the $5 cover charge, you are going to obtain five $1 poker chips to utilize toward drinks in the club during your go to. An additional way is if you want to reserve a table for the night, you pay the $100 fee for reservation and you are going to obtain 100 $1 poker chips to utilize toward drinks.

The club will also begin highlighting drink specials and hope to attract national music acts for particular events.

Townsend also says he considers the August opening phase one. He hopes to launch phase two within the next couple of months that can, l if all goes in accordance with program, a brand new deck on the back with the club, a patio on the front and utilize the roof best location with the constructing for patrons. He also hopes to hold a “Battle of the Bands” for local bands using the grand prize getting the chance to attend and play live in the Country Music Awards held later this year.

The club opening has also positively impacted the job marketplace, as it plans to hire roughly 60 local residents to function at the club with positions ranging from security, to bar staff, to advertising and marketing and much more.

Excitement for the club opening has raced across the city with the club’s Facebook page already garnering over 1,500 fans, “People are so excited we’re coming. We can’t wait to jump in and open the doors. It’s going to be exciting,” says Pippenger.

The club will open its doors August 26 and then have their grand opening September 25. To discover far more information concerning employment in the club you can pay a visit to their Facebook page where they also have VIP passes available for download.

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Comments (0) Jul 29 2011

I use to prospect by knocking on doors or distributing fliers. That gives me some phone calls and leads.
One of them was from a young couple with 2 kids. She called me to pass by and discuss what I can do in order to list and sell her home.

I stopped by and was in front of a nice and cozy wood frame house with a big basement that includes a 2 car garage.
At the dining room table, she explained that her husband and her were behind payment, that they needed to sell yesterday.
But the market was slow. I immediately understood that it will be a tricky listing. That couple was in trouble and needed to get the home sold as soon as possible. They knew that with the market, it will be difficult.
I took the listing. We signed the paper works and I said I’ll get in touch on a weekly basis.
They had their small electric company. Her husband was electrician and she took care of the paper work and customer care plus appointments and so on.
But the business was not good enough. And those financial distress made it even harder on their life as a couple.

After a couple of weeks, I had few showing, because we were agreed to list it at a below market value to make it faster.
But still, no offer on the table. So we were back on the dining room table again. I was bringing an idea for her.

It was what I sometimes offer to sellers as an investor: taking over the payments… and the house!
I explained how it works, what for her and what’s for me, how we can get this done smoothly and easily, how I could go around the bank, etc…

So, basically, the house worth $160K with an existing balance mortgage of about $140K.
I, of course, disclose everything I had too, the fact that I was an agent, that I could sell it with a profit later on, that she would walk away from the closing table with no money and no house. She agreed.
I paid the due payments and did a quit claim. I just had a house for the few thousands late payments.
She was relieved. She called me several times telling how glad she was, that now, she sleep much better even if she was going through her divorce, the situation had killed her marriage.
She was starting over. From her father’s garage converted in a room for her and her 2 young children, she was studying to become a nurse. It was a 2 years thing. 2 years that I enjoy the house for myself.
She didn’t call me after those 2 years, I did. She was working as a nurse, a high demand position. She was re-building her life, her credit and I was making her payment, keeping her credit score as intact as possible. She was very courageous.

I had an offer for her: to get her home back. For free. She got me the back payments I paid for her and we did a quit claim again.
She was back in her home with her 2 children. She had the little improvements I did in the house. Few walls in the basement, hardwood flooring and fresh painting.

It’s been a great feeling to be able to help someone in one of the most difficult time of her life. And very rewarding.
Of course I had a call from the bank, but we agree that a check from an unknown person is better than no check at all.
I passed by time to time, but without disturbing. A little kitten has been included to the family and the small cherry tree I planted in the yard has become stronger, battling hard weather. Life goes on. I think I was making her a favor but when I decided to quit claim it back to her, she really made my day thinking all she went through and all she became.

To be a Realtor is a true privilege. We got most of the times more than decent check for most of the times less hard work than some people. We need to realize that and never take it for granted. Look around and ask yourself: “how can I help someone today, for free?”
You may get the highest pay check ever: satisfaction of a job well done.

Comments (0) Feb 06 2011

This past week, I had 2 clients asking me questions about the differences between listing contracts. So as usual, I try to explain in a post here, on my blog and refer them the link.

There are 3 different Real Estate listings contracts:

Exclusive Right to Sell Listing

This is by far the most common kind of listing between sellers and brokers.
Under a exclusive right to sell listing contract, the broker is the only one authorized to sell your house.  If another agent finds a buyer, your broker earns a commission. When you find a buyer on your own, your broker still earns a commission. This arrangement gives your broker the most incentive to spend time, funds and energy advertising your residence, particularly to the other agents inside the region who can show your home to their buyer clients. Only with an exclusive right to sell agreement can you expect to get a full service marketing effort from your broker, since it is the only listing contract that assures a broker will get paid for his advertising expense and efforts when the property sells.

Exclusive Agency Listing

This is comparable to the right to sell listing, with the substantial distinction that you simply reserve the right to sell your residence your self and not pay the broker a commission. The broker only gets paid if your house is sold through a licensed real estate professional. If you uncover your own buyer and sell the home your self, you pay no commission. On the face of it, this may sound like an attractive arrangement. Nonetheless, it’s not a well-liked listing kind with brokers for a very great reason. Under an exclusive agency agreement, the broker is exposed to the risk of putting forth considerable effort and expense advertising your residence, only to come away empty handed. The attraction to the seller for this type of contract is the possibility of discovering their own buyer and not paying a commission. This puts the seller and broker in competitive roles, which commonly is not inside the ideal interest of either party. Since the broker stands a great chance of not reaping any reward, it’s unlikely that any effort or expense might be put into advertising an exclusive agency listing.

One Time Showing Agreement

This is an agreement whereby a For Sale By Owner agrees to let an agent show the property to an interested Buyer and then pays a commission to the Broker if the showing outcomes in a sale. The purpose of this agreement is to stop the seller from dealing directly with a Buyer that a broker introduced to the property so that you can keep away from paying any commission. Again this type of agreement offers pretty small incentive to a broker to bring buyers to your property.

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Comments (0) Nov 30 2010

So you want to purchase a property in foreclosure here, in Lee County in general and in Cape Coral in particular? Good move. It’s time to buy. Properties values are increasing little by little, month after month since spring 2010 and you can expect a sweet equity very soon, especially if your purchase a Cape Coral foreclosure.

However, lots of potential buyers I talked to believe that if a foreclosure is price at, let’s say, $100,000, they can offer 10% or 20% less than the asking price, empowered by a solid down payment, and thinking that after all, it’s foreclosure time for everyone.

Well, the reality is not as simple.

So far, 100% of my buyers who actually were successful at purchasing a foreclosure, paid more than asking price.
And, all of them learnt how to get that property after several offers. Some below asking, where they were outbid. A few at asking price, where they were outbid. And finally their own purchase, paid at higher than asking price, like everybody else.

So, contact me if you want to purchase a foreclosure in Lee County, but make sure to be ready:

1) Get your Pre-approval document

A foreclosure’s owner is a bank or sometimes a person or a company who made a private financing for the buyer. You will most likely make an offer to a bank though. Banks are not in the Real Estate business but in the money business. Therefore, they don’t want to waste any time and want to make sure that the next buyer is fully capable of buying. They will not review your offer if there is not a pre-approval document, signed by your bank or mortgage broker even if your offer is twice their asking price. A pre-qualification will not help. Just get your pre-approval in hand.

2) Get your proof of fund for the down payment.

Most banks, if not all of them, required a proof of fund for your down payment or if you plan to pay in cash. If the bank can’t see a proof that you have the money, they will not sign your offer. Period.

3) Be prepare to offer a price HIGHER than the asking price.

For this one, you will have a hard time to believe me. Fair enough. But know right now that 95% of the time, your below asking price or even your asking price offer will not fly. I have seen attractive foreclosed homes sold with an easy 15% higher than asking price. So be prepared.

Now, don’t make me wrong. Ultimately, you will be the buyer, the one who will pay and with the last word. But then again, you’ll be entering in the club of the buyers who need a proof of what I’m saying here.

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Comments (0) Oct 24 2010

At the peak from the housing bubble, plenty of people today thought a house was the key to riches. Now they’re wondering if buying a residence even makes sense anymore.

You are able to get a residence at a bargain price now — particularly should you play hardball. This is a buyer’s market. Most of the other buyers have vanished since the tax credits on purchases expired.

We’re four to five years into the biggest housing bust in modern U.S. history. And costs have come down a long way — about 30% from their peak, according to the S&P/Case-Shiller Indices, which track home prices in cities across the country. Yes, it’s mixed. New York’s prices are down only 20%. Arizona’s have been halved.

Will prices fall further? Sure, they could. You probably won’t catch the bottom, but it doesn’t really matter so much in the long haul.

You may get a 30-year residence loan for about 4.3%. What’s not to like? These are the lowest rates on record. As recently as two years ago, they were about 6.3%. That drop slashes your monthly repayment by a fifth.

If inflation picks up, you won’t see these mortgage rates again. And if we get deflation and rates fall further, you may refinance.

It is possible to deduct mortgage interest from your income taxes. It is possible to deduct your real-estate taxes. And you’ll get a tax break on capital gains — if any — when you sell.

Sure, you’ll need to do your math. You’ll get the income tax break only when you itemize your deductions, and you may be better off taking the standard deduction instead. The tax breaks are more valuable the more you earn and the bigger your mortgage. But many men and women will find that these breaks mean owning costs them less, often a lot less, than renting.

When you own, you’ll be able to have the kitchen and bathrooms you want. You’ll be able to move the walls, build an extension — zoning permitted — or paint everything bright orange. Few landlords are so indulgent; for renters, these types of changes are often impossible.

Also, you’ll feel better about your residence in case you own it. Many years ago, when I was working for a political campaign in England, I toured a working-class northern town. Prime Minister Margaret Thatcher had just begun selling off public housing to the tenants.

“You can tell the ones that have been bought,” said my local guide. “They’ve painted the front door. It’s the first thing individuals do when they buy.”

It was a small sign that said something big.

In many parts of the country, it can be hard to find a good rental. All the best places are sold as condos. Money talks.

But this is really a case-by-case issue: In Miami right now there are so many vacant luxury condos that owners will rent them out for a fraction of the cost of owning. Generally speaking, however, in case you want a good home in the best neighborhood, you’re better off purchasing.

Although housing can’t entirely protect you from inflation, studies by professor Karl “Chip” Case, of Case-Shiller, and others suggest that over the lengthy term, housing has tended to beat inflation by a couple of percentage points a year. That’s valuable inflation insurance, specially if you’re young, raising a family and thinking about the next 30 or 40 years.

In the recent past, inflation-protected government bonds or Treasury inflation-protected securities offered easier forms of inflation insurance. But yields there have plummeted of late. That also makes homeownership look a little better by contrast.

Your residence isn’t the stock market, and you shouldn’t view it as a way to get rich. But if the economy does surprise us all and start booming, sooner or later real-estate prices will head up again, too.

One lesson from the past few years is that stocks are incredibly hard for most normal individuals to own in large quantities — for practical as well as psychological reasons. Equity in a house is another way of linking part of your portfolio to the long-term growth from the economy — if it happens — and still managing to sleep at night.

If you are able to rent an apartment for $2,000 a month instead of buying one for $2,400 a month, renting may make sense. But will you save that $400 for your future? Most people won’t.

Once again, you have to do the math, but the part of your mortgage payment that goes to principal repayment isn’t a cost. You’re just paying yourself by building equity. As a forced monthly saving, it’s a good discipline.

There is a glut of homes in most of the country. The National Association of Realtors puts the current inventory at around 4 million homes. That’s below last year’s peak but well above typical levels and enough for about a year’s worth of sales.

More homes keep coming onto the market, too, as the banks slowly unload their inventory of unsold properties. That means great choice as well as great prices.

Demand and supply will meet. The U.S. population is forecast to grow by more than 100 million men and women over the next 40 years. That means maybe 40 million new households looking for homes.

Meanwhile, this housing glut will work itself out. Many of the homes will be bought. But many more will simply be destroyed — deliberately or by inaction. This is already happening. Even two years ago, when I toured western Florida, I saw bankrupt condo developments that were fast becoming derelict.

And, finally, a lot from the glut simply won’t matter to you. It’s concentrated in a few areas, such as Florida and Nevada. Unless you live there, the glut won’t have any long-term impact on housing supply in your town.

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Comments (0) Oct 19 2010

Purchasing a household, especially if it’s your first one, is usually very scary. There are so numerous things you don’t know as well as terminology you have never came across before. Folks usually worry what they don’t realize.!!!. So it is not surprising that studies have shown that this concern literally prevents some folks from taking the initial steps to acquiring a house!

As a Very first Time Residence Buyer, you happen to be possibly “doing your homework,” seeking info on the net, and asking concerns with the people you trust. If you are like most of us, your household will be the biggest buy you ever make. And if it is your 1st time, this obtain may be even extra intimidating simply because that you are taking full responsibility upon yourself!

I often talk with first time home buyers these days because they begin to realize that rent is more expensive than to pay a mortgage, and here are the five actions I suggest you take prior to buying:

1) Before you begin your residence search, discover what the actual difference is between rent and household ownership. How much are taxes, what will your tax benefit be, what may be the marketplace like within your area (not just the headlines you read within the paper)!!! Comparing a rent payment of $1000 to a house payment of $1000 is like comparing apples to oranges.

2) Get real about your credit, because we all know this is the initially thing a lender is going to appear at!. Learn NOW if your credit rating report appear like a train wreck.!!!. and do not PANIC if it does! Poor credit rating does not ought to stop you from acquiring a home – we can usually get someone’s credit score scores up to where it needs to be within six months!

3) Think about what you’ll be able to afford.!. A down payment might be a huge barrier to homeownership. FHA requires a 3.5% down payment (and they will allow a gift!) USDA House Loans and VA Mortgage Loans require no cash down! In today’s market place, the seller’s are paying most of the closing costs, but you should be ready to pay for your appraisal, taxes, homeowner’s insurance, Inspection Fee and your portion from the Title Insurance.

4) Get Pre-Approved, not Pre-Qualified. A Pre-Qualification could mean that you spoke with a loan officer for 20 minutes, and they said, “well, based upon what you are telling me – we’re good to go.” Should you work with us, we are usually going to go via the full Pre-Approval method. This means, that you will have to offer your income documentation, credit score, bank statements and numerous other items required by the lender to in fact underwrite your file. When you are ready to make an offer on a property, you’ll have more bargaining power over somebody who is just pre-qualified! When talking to your lender, remember to ask lots of questions.!.

5) Hire a Realtor from day one. It will cost you nothing!!

Real Estate in Cape Coral is really improving in regards of pricing. Initial time buyers can discover tremendous deals here and construct equity within the next years to come. Feel totally free to call me at 239-240-7346 if you’d like to see a list of homes inside your price range or contact me here.

Comments (0) Sep 26 2010