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.

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Stationary Battery for Homes and Business in Sight?

The Tesla Motors Company is looking for a new business field and based on their expertise - the energy efficiency business. They want to go into the production of stationary batteries for homes.

Today the homeowner who has solar panels on the roof has only the option to use the produced power themselves in their house and the surplus of the power will either get lost or in some areas they can offer that power into to the power grid of their city. Normally they get a payment for the produced and delivered power into the grid. However, on other days when the production of power is not enough they have to use the city power grid to cover that need.

The motor company want to go in the field in producing stationary batteries for homes and business. The energy that is produced during the day is planned to be stored in these batteries for the night hours. In this case the energy producer use its own energy and has no need for a different power source and has not to pay the power company.

Let’s us see how the Tesla company will manage the existing challenges like the size and the life span of the batteries. The company has big plan and expectations towards their project. It will be exciting to observe this challenging plan.

You want more information about energy efficiency? Send us an email at info@florida-informations.com. We are always at your side.

Some Important Expenses for Homeowners after the Purchase

Many homeowner only see the purchase price and are happy when their transaction closes. However, after the closing they do not pay rent anymore but there are some expenses that they have to keep in mind.

Every property should be insured so that the financial and property damage is covered in case a disaster strikes. The homeowner insurance pays for the property damages and possession losses. Normally you as the homeowner have also a deductible amount and that is your obligation to cover. The insurance kicks in when the damage amount is higher than your insurance deductible.  

The homeowner insurance usually insures wind and fire but not earthquake and flood. For these disasters you need an additional insurance coverage.  It is also important where your home is located. When your home is for example close to coast lines with high storm risks, this insurance is significantly more expensive than in areas with low storm risk.

Additional obligations for you as the homeowner is the maintenance of your home and the annual property taxes as well as the trash removal. When your home is located in a homeowner association community the monthly association fees are a necessary expense too. You should not ignore these payments.

You want to know your obligations? Contact us at andrea@florida-informations.com

 

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

Why You should consider Florida as Your Business Place

Every business owner is constantly on the hunt for the best tax and growth location and in Florida you will find both.

The State of Florida is very favorable because it has no state income tax, only federal income taxes need to be paid. The state has also reduced business taxes and that is a further benefit for the employers from other states and worldwide. With this initiative the Governor wants to attract new businesses and stimulate the employment market. During the recession was Florida one of the hardest hit states.

Florida is also a hub for international business opportunities and trade. The southeast ports and freight facilities are tight connected to the Caribbean and Latin American region as well as Europe and Africa. One of the most promising trade opportunity for the future is Cuba which is right in front of the door step of Florida.

The state of Florida is number five when it comes to foreign employees and many Floridians speak a second language besides English. Florida welcomes foreign investments especially in the EB-5 category and offers many business ventures to be successful.

You want to know more about your business opportunities in Florida? Let us assist you and contact us at info@florida-informations.com.

 

 

Extravagance on Waves in Miami

Luxury and extravagance is not only to find on dry land but also on the open waters in the form of a new cruise liner. This new cruise ship is still under construction in a ship yard in Italy. The name of this new cruise ship is Seven Seas Explorer.

The ship is scheduled for its first trip in July 2016 in the Mediterranean Sea followed by several additional trips in that region. In the early December 2016 this elegant cruise liner will come to Miami, from where it will start to Caribbean Cruises. It is planned that the Seven Seas Explorer will travel from Miami through the Panama Canal to Los Angles at the New Year 2016/2017.

The usual passenger capacity of a cruise ship is at least 2000. However, this luxury cruise ship has only a capacity of 750 passenger in 375 suites. All these suites are spacious with European design and oversized bathrooms. And the best part of all – every suite has its own little balcony to enjoy the cruise in privacy.

Are you interested to go on such a luxury trip? Then you should act quickly because the tickets for the above mentioned luxurious trips will go fast.

For information you can send us an email at info@florida-informations.com

The sustainable housing recovery brings motivates Buyers

It took a long time to get to this point. The new construction had to wait for this strong market for seven years. The hope for this market development was already expected in the last year but the economy was not there yet.

This year the economy has a strong growth trend and that boost the consumer confidence. The low gas price and the new created jobs make it much easier for the consumer to concentrate on their next big goal: the own home.

Not only the first time home buyer are looking for homes but also the home owners, that lost their former home in the financial crisis, are back. Both buyer groups have in the today’s mortgage market good chances to get mortgage. The lenders know that they need these customers to grow in their mortgage sector and make it easier to apply for a loan.

However, to make the buyers happy there are also sellers necessary who are willing to sell. To get such a transaction quick and easy closed potential seller have to keep in mind, they need buyers who are able to finish the deal.

Therefore the seller have to avoid the following mistakes in their sale process.

The pricing of a home is very crucial. When the house is overpriced it will sit on the market without an offer. The longer the house is on the market the chances are decreasing to get the asking price. In average such home are closing below 90 % of the listing price.

Before a house is put on the market it should be in clean and fixed condition because every little flaw of the house will impact the sale price. As a seller you either have to give a price reduction or you have to fix in the home inspection discovered defects.

For questions in this matter you can reach us at andrea@florida-informations.com