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Home Buying in 33126 : Real Estate Advice

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  • Home Buying24
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Activity 22
Sat Sep 2, 2017
Donnakodes answered:
Thu May 5, 2016
Paul answered:
Use InBedrock.com to fully understand + analyze all real costs of homeownership, including purchase price, down payment options, closing costs (title insurance, bank fees, inspection/appraisal, legal), mortgage financing- interest rate, term, points, pre approval requirements, RE Taxes, HO Insurance, utilities/maintenance/condo fees, selling costs (broker commission, capital gains tax, state transfer taxes). InBedrock.com is educational, in-depth, easy-to-understand. Invaluable especially for serious first-time homebuyers. ... more
0 votes 7 answers Share Flag
Thu May 5, 2016
Paul answered:
Use InBedrock.com to fully understand + analyze all real costs of homeownership, including purchase price, down payment options, closing costs (title insurance, bank fees, inspection/appraisal, legal), mortgage financing- interest rate, term, points, pre approval requirements, RE Taxes, HO Insurance, utilities/maintenance/condo fees, selling costs (broker commission, capital gains tax, state transfer taxes). InBedrock.com is educational, in-depth, easy-to-understand. Invaluable especially for serious first-time homebuyers. ... more
0 votes 3 answers Share Flag
Fri Apr 22, 2016
June Buerkle answered:
Possibly. The hefty down-payment is good but you will have to find a lender that manually underwrites their loans (as you won't fit in the box correctly for algorithm based assessments.)

Proof of income will be key. Did you move for a promotion and more income? Are you in the same field of work you have been in? How stable is your income?

What is your credit score? If you have NO credit score that would be the best situation (no debts and no debt instruments within past 7 years) otherwise you will need a pretty healthy score ... coupled with a low debt to income ratio.
... more
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Thu Apr 21, 2016
Jacquie Yekmalian answered:
I think this is a question for you financial advisory and/or cpa.
They will know your background and goals and be able to better advise you on this.
Sometimes taking a tax benefit over paying off a loan may be in your best interest.

Good Luck, like my answer please give me a thumbs up

Jacquie Yekmalian
Realtor/Broker
Blue to Green Realty, from the sea to the 18th tee
serving Florida Real Estate since 2000

561-868-0591
isellflahomes@gmail.com
www.isellflahomes.com
... more
0 votes 1 answer Share Flag
Thu Apr 21, 2016
Andersensheilaa answered:
The short answer is NO ! (but looking at this, it turned into a looong answer !) What are your reasons for moving to another state? Are your family, children, or friends in that location? Where would your 'support network' be if you needed any assistance ? Is this move to an area where you always wanted to live ? If so, I suggest renting/lease option for a period of time -- 6 months to a year, to see if the 'fit' is a good one. Places to visit do not always turn our to be the best places to live long term !

How is your health ? 60 soon becomes 70 and hopefully becomes 80 ! Do you have adequate health insurance, long term care insurance, or income that would cover long term care if necessary -- either in home or in a retirement home ? Would it cover temporary nursing care in a facility if you fell and broke your hip, needing long-term rehab -- AND make those house payments at the same time?

What do you earn in retirement? Is it enough to pay for your expenses plus repairs on your home --even a new home has expenses -- landscaping is major, but even things like curtains, curtain rods, and light bulbs add up -- we spent over $1,000. just on temporary curtains and light bulbs-- not a large house, and we bought the curtains 2nd hand ! And don't forget the moving expenses themselves -- a major chunk of money .

Do you need the mortgage write-off for your taxes? If you have substantial retirement income, you may be better off carrying a mortgage for the deduction. Being free of a mortgage is attractive because housing is your major expense, but home ownership is costly, and maintenance is always required. Would you be better served by purchasing a condo? Do you want to live in an over 55 community, or a neighborhood with families? Make sure the property you buy will serve you in the long term, if that is your goal -- no 2 story houses if you want to 'age in place' ! Don't just look at building -- look at available properties and see if there is one in good condition that meets your needs.

AND, since you will have more time for hobbies, etc., make sure the house has room for what you want to do. My dear spouse has taken over the house with canvases for painting -- filled the guest room and now needs a studio -- in addition having to several other hobbies that need space. Did I mention that I ALSO need space for my sewing and crafting ? So needing 'less house' may not be what will make you happy -- but you have to balance between what you would like and what you can afford !

Taking all of your savings and part of your retirement is NEVER a good idea -- puts all of your eggs in one basket. You may need to see a CERTIFIED financial advisor to get that savings working better for you, especially if it is in a bank earning little interest. Then, see what house you can afford to buy without totally depleting your savings. Don't become 'house poor' !

And remember, what you can do yourself at 60 you may not be able to do when you are 70 or 80 -- or wont want to do ! I love to garden, but as I get older (I am 63) I cannot do what I could do at 40 ! Soo, you need to hire the tree pruning and heavy work you used to do yourself. Costly !

Just a few things to think about, but I would definitely NOT take all my savings and part of my retirement to move to another state and pay cash for a new home. I have a very secure retirement, as does my spouse, with small cost of living increases and good medical coverage paid. In our situation, we would consider what you propose too much of a risk -- and we are NOT 'risk adverse!'

Hope I have given you some helpful things to think about -- GOOD LUCK
... more
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Thu Apr 21, 2016
Paul answered:
Let InBedrock.com help you answer the Rent v Buy v Invest question for yourself and your unique situation re: Your monthly rent expense option v house purchase price You would like to buy + all its associated costs like closing/title/mortgage interest/RE taxes/HO insurance/utilities + maintenance costs/broker selling commission/capital gains taxes/and more! InBedrock.com is educational, in-depth, and easy to understand for first-time homebuyers. ... more
0 votes 8 answers Share Flag
Thu Apr 21, 2016
Lisa Rothwell answered:
Medina, Don't be afraid to walk away from the deal. You are in the Miami area and there are other homes that you could buy for a lot less. In this shaky economy, only pay what you feel comfortable. Make sure the appraisal is performed by someone who is supporting you not the bank or the real estate agent. if you need to negotiate the price, walk away from the deal. As a short sale, t should be less than150K by now unless they did extensive remodeling. Check for remodeling permits on this residence, ... more
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Fri Nov 22, 2013
Steve Hoff answered:
It's Nov. 23rd. Where do things stand? (another first time buyer under contract)

Steve
0 votes 3 answers Share Flag
Mon Nov 11, 2013
Alcira M. Urdaneta Eraso answered:
Lo mejor que puedes hacer es comunicarte con un mortgage broker o con tu banco para que te califiquen y puedas saber exactamente cuanto necesitas para la cuota inicial y los gastos de cierre.
Estoy a tus ordenes una vez que tengas una pre-aprobacion para ayudarte a conseguir la propiedad para la que califiques.

Alcira Urdaneta
305-896-1461
alcirau@gmail.com
... more
0 votes 2 answers Share Flag
Sun Nov 10, 2013
Alcira M. Urdaneta Eraso answered:
Buenos dias! Los gastos de cierre se estiman en aproximadamente 5% - 6% del monto de la propiedad. Depende mucho del tipo de credito que tomes. Si la transaccion es en efectivo, esta cantidad disminuye sustancialmente. Estoy a tus ordenes!

Alcira Urdaneta Eraso
305-896-14-61
alcirau@gmail.com
... more
0 votes 2 answers Share Flag
Mon Jan 21, 2013
Eduardo Perez Blanco answered:
Hola Ricardo, tengo una excelente opcion para que puedas comprar con FHA una propiedad. Contactame al 7865979395
0 votes 5 answers Share Flag
Mon Aug 27, 2012
Pat Palmer answered:
Hello,

There are currently four units in Pompano that fit your criteria. You can access them on my site at:

http://patpalmer.kwrealty.com/listings/areas/9504,9505,9506,9507,9508,9509,9510,9511,9512,9514,9515,9516/maxprice/100000/beds/3/baths/2/propertytype/SINGLE,CONDO,MULTI,LAND,INCOME,VAC,RENTAL/listingtype/Resale%20New,Foreclosure%20Bank%20Owned,Short%20Sale/

From there, you can expand,search and save areas of interest to you.

I hope this helps

Pat Palmer-Realtor
Boca's Best Broker
Direct: 786-286-6557
Email: patpalmer@kw.com


Keller Williams Boca Raton
2424 N. Federal Hwy. #318
Boca Raton, FL,33431
... more
0 votes 6 answers Share Flag
Wed May 9, 2012
Carlos Escamilla answered:
I have listed 8145 NW 7 St unit 407, currently for sale. Not short sale not REO. Please let me know if you interested.
0 votes 5 answers Share Flag
Wed May 9, 2012
Steve Vennemann answered:
YOu can get free referrals from this site below add your listings and information free. http://www.flhomescontractfordeed.com/rent_to_own.html
0 votes 6 answers Share Flag
Wed May 9, 2012
Steve Vennemann answered:
Wed May 9, 2012
Steve Vennemann answered:
http://www.flhomescontractfordeed.com/rent_to_own.html
0 votes 5 answers Share Flag
Wed May 9, 2012
Steve Vennemann answered:
http://www.flhomescontractfordeed.com/rent_to_own.html Rental market in Florida is good.
0 votes 7 answers Share Flag
Wed May 9, 2012
Steve Vennemann answered:
I dont understand Espanol so here you go. http://www.flhomescontractfordeed.com/rent_to_own.html
0 votes 2 answers Share Flag
Wed May 9, 2012
Steve Vennemann answered:
Try and see if you can rent your home out and buy a new one. http://www.flhomescontractfordeed.com/rent_to_own.html
0 votes 10 answers Share Flag
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