Why you should buy a home now!

Everybody who is renting right now, should really think hard if there is any possibility to purchase a property. The reason is that the rents are going up constantly and based on newest surveys the landlords have the intention to keep this pressure. The rental demand is there and many tenants are too afraid to look for their dream home.

However, as a tenant you should always keep in mind that you pay a landlord for the right to stay in a home and at the end of every month the lease money is gone from your pocket to the landlord's. Would it not be better that this money goes in your own pocket?

That is easily possible when you are a homeowner yourself. Even when the home inventory is low and you have to look harder to find what you want, your dream homes is out there. When you find it you have to act quickly and make an offer. Therefore you need to be prepared so that you get the best possible interest rates for your mortgage.

To be ready for your loan application you should put the following hints on your list. They will help you to get what you want: the loan for the purchase of your dream home.

1.      Get ready to show your lender your ability to pay back the loan. Your employment records and your monthly budget plan are a valuable information for the lender.

2.      Your home value is an important point because it will be the security for the loan. The closer the home value matches to your loan amount, the better.

3.      You should have as much money as possible for the down payment at your hands even when you do not intend to use the whole amount.

4.      Your actual credit score creates a clear picture how well you pay your bills and debts on time. Therefore do not miss a payment.

Start today on your way to your dream home and pay yourself rent and not the landlord.

You have questions how to start? Please contact us at andrea@florida-informations.com

What are Closing Cost?

This is a very important question for a home buyer because these costs are related to your home purchase and they are additional to the purchase price. The closing costs are expenses that are often ignored and not clearly explain to the buyer. The amount of these costs can easily add up to 2 to 5 % of the purchase price.

When you as the buyer make your probably biggest live time investment you are certainly interested to get your new home without any strings attached. To accomplish this goal you have to know that there are some service expenses involved. However, not all closings costs are paid by you as the buyer.

Parts of the closing expenses are paid by the seller but you are the beneficiary. The seller paid costs are the title and lien search to make sure that your title is clean and marketable. The seller also pays his/her part of the service costs of the title company and the documentary stamps for the transfer of the real estate property.

Your buyer part of the closing expenses are the title insurance, the title service fees, the recording fees at the court for your deed and the mortgage. The title insurance covers you as the buyer in case an unrecorded lien is put on your property but the seller or another former owner of your property is the debtor. Such a title insurance is a must have so that you will have a good night sleep in your new home. The title service fees and the court recording fees are mandatory to make sure that you are correctly noted on all legally relevant public records and documents.

Besides these direct related closing costs there are also the expenses for a home inspection, the survey and the lender’s appraisal cost in case you take out a loan on the property. Not every home buyer want these expenses and try to avoid them but that can be a big mistake in the future.

This is only a short summary and focused on a Florida real estate transaction. For more details you can reach us at andrea@florida-informations.com or find information at this link:  
http://www.amazon.com/Your-Residence-Paradise-Property-Purchase/dp/0986252913

Solar Panels for lease

Like every other country the US citizens have rising utility bills too and they are looking how to keep a part of this utility money in their pocket. One solution to this matter is to mount solar panels on their roofs and power their homes with the produced energy.

The installation of such solar panels are not cheap and as a homeowner you have to put some thoughts into this matter. You can either buy the solar panels and install them as a part of your property or you can lease the panels and make monthly rent payments.   

When you buy the solar panel, you have a bigger investment at the purchase but the solar panels are a part of your home. In case you decide to sell your home, these panels will stay and they are a desirable feature for the next home owner. They also will add value to your home. As many market studies show the today’s buyer are looking for energy-efficient add-ons when they go on their house hunt and these panels are definitely such an add-on.

The lease option for the solar panels which might be more affordable to you and easy to get, can be an obstacle when you sell your home. When you sign the lease contract for the panels you normally have to stay in this contract for a long period of time because of the purchase prices of the solar panels. The owner of the panels try to make a profit on their investment and you will not have the option to terminate the lease contract because you have a change of mind. You might be reliable for the lease payments until the end of the lease contract and that amount can easily be a five digit figure.

The only option in your home sale is to get the potential new home owner into your lease contract for the solar panels. To do this in the correct and protected manner for you, you should contact your panel leasing company as soon as you have decided to sell.

To get more details you can contact us at andrea@florida-informations.com

Buy or rent – that is the question

Are you ask yourself that question? Then you need to decide first what your intention with the property is. Do you want to buy the house for yourself and your family and you find your dream home, then you should buy it now. In case you would like to buy it as a flipping object to make big money of it, then you may be too late. The best flipping deals are already gone and this kind of investors are retreating from the market in Florida.

To make the right decision for your individual case, you have also to consider the location. Not every market is the right market for a purchase. In some areas the housing market is still in buying territory because there are properties available that are affordable and you will get a payable mortgage on. These markets are not in Florida anymore because our market has low inventory and the best deals are already gone.

In the Florida market and especially in the southeast region the monthly rental costs and the monthly mortgage payments are side by side. It depends on your personal situation, if you should better rent and save money for your downpayment or if you are financially fit enough to buy a home.

You need help to make the right decision? You can contact us at andrea@florida-informations.com