Hottest Information about the Real Estate this Spring

The rents are increasing and the home inventory is still low so that potential buyers have to be prepared meeting a hard competition in their home hunt. However, on the bright side the mortgage interest rates are still low and it is much easier to get a mortgage for your dream homes because the lenders' requirements are less stringent.

The competition for buyers may even get worse because some homeowners who thought about moving to a new home reconsider their financial situation and may stay a little bit longer in their today’s home. On the other hand the interests rates may also rise in the next few month as already communicate months ago, even when the increase will be very moderate so that the recovery will not be disturbed.

When the interest rate increase it is for the lender more profitable to loan money so that the availability of the money will grow too.
 
For FHA borrower there is also good news. The credit insurance premium for a mortgage of 95 % of the home value is decreasing from 1.35 % annually to 0.85 % and that will help these borrowers in realizing their home dream.

You want to know more about the actual market trends? Contact us at andrea@florida-informations.com.

In Real Estate we are always on your side -
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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

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

Excellent Investment Property in Pompano Beach, FL - $139,900

The market in Florida is hot and tight. Properties that come on the market are going fast.

Do not throw away this email. We make you an offer for an excellent investment property in Pompano Beach, FL.

This property is not yet on the market but the preparation are nearly finished.

The house is a 3/1, 1031 sqft, located on a 10366-sqft corner lot, built in 1958, renovated kitchen with newer SS appliances. The bathroom is also completely renovated. The Florida-Room is enclosed and has Impact Windows; the other windows have panel shutters.

Newer Water heater and the A/C is completely replaced.

The rent for this house is estimated with $1,400/monthly.

All remodeling and replacements are done with the proper permits. The title is free and clear so that the closing can be done quickly but seller selects the title company (no exception).

This is a cash deal and seller expects 20% down and proof of funds with the Florida, AS-IS contract.

Price: $139,900

Owner occupied,

for inspection  appointment mandatory, request 24 hours in advance.

 

 

 

For Details please click this link: 

http://www.florida-dream-homes.net/contact/contact_properties.html




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