The closing (also referred to as settlement) is usually the final step for a home buyer or seller. It is often a day of both apprehension and excitement. It is important to understand what to expect and what can lead to delays. Below is an introduction to Florida home sale closing process for purchases with a mortgage. Clear to Close A clear to close is issued by the lender after all …
Updated FHA Mortgage Limits For Florida
FHA adjusts their mortgage limits each year. Buyers must be aware of what they are and how they may change. The great news is, in many areas, the loan limits have improved to reflect increasing home prices. Here is some important information on updated FHA mortgage limits for Florida. An Explanation of FHA Mortgage Limits Mortgage limits are the maximum allowed mortgage amounts for an FHA …
Tips On Comparing Carpeting Products
When comparing carpet materials, you may be surprised at how many options are on the market. Each has different features. The fiber that you choose may depend on the particular space that it will be installed. Here are a few tips on comparing carpeting products. Carpeting Materials Polypropylene/Olefin Polypropylene carpet, also referred to as olefin, is ideal for well traveled areas. It is …
Real Estate Myths In Florida
There are common assumptions when it comes to real estate, much of it based on inaccurate facts. Using inaccurate information is costly in real estate. Do not fall for these real estate myths in Florida. It Is Better to Offer a Credit Than Complete Repairs Ahead of TimeWhether you have old carpeting or need a new coat of paint, providing a buyer credit is not generally the best approach. Some …
What Overpricing Your Florida Real Estate Listing Might Cost
Home prices are increasing, which is great news for homeowners. Rising prices improve home buyer confidence, which results in more buyers and more competition. Unfortunately, home sellers get the urge to overprice, which is not a good idea. Below is what overpricing your Florida real estate listing might cost. How Home Price Affects Marketing Time It is well known that list price and the time …
Selling Your Property In Florida As-is
If you have bought or listed a home, you have likely come across the term as-is. As a seller, it may appear to be a helpful condition to use, but it is important to learn how a buyer might feel about it. Here is what you should know about selling your property in Florida as-is. Meaning of As-Is As-is represents that a property will be sold in its present state. This covers any issues that may be …
Home Renovation Design Trends In Florida
Home designs continue to change. Being aware of design trends will help improve your home's value. Here are some tips on home renovation design trends in Florida. Transition Between Indoor and OutdoorThe exterior of your property is equally important to the interior. Eliminate the separation between these two areas to make your home appear bigger and maximize your entertaining space. Allow …
Florida Single Family Versus Condo Properties
Single family versus condo properties is a typical dilemma for many home buyers. Both provide different advantages. Buyers automatically consider the price difference, but there are further factors that must be reviewed. The following are several things to consider when comparing Florida single family versus condo properties. Rehab OptionsThe power to complete renovations is a key distinction …
Ways To Obtain Free Credit Score Reports
The Fair Credit Reporting Law grants you the power to get copies of your credit reports every year. The FTC enacted this law to allow consumers access to their credit history. It is important to understand ways to obtain free credit score reports and take advantage of your rights. What's In a Credit Report Every credit report contains personal information on you and your credit activities. …
Common Lender Closing Charges In Florida
When you obtain a loan for a real estate purchase, you will be faced with a variety of charges associated with the loan. These are normally referred to as closing costs, but there are actually varying types of fees. This article covers common lender closing charges in Florida. Lender Closing Charges PointsPoints are a method for buyers to obtain a lower mortgage rate. It entails buying down the …