Home Sale

Online search for real estate properties. Find homes for sale of all types. You can locate market deals on townhouses for Sale by finding a real estate agent or a home for sale by owner.

So you’re thinking of buying a home?

Buying a home can be a daunting task, especially for the first-time home-buyer. Your home is likely to be the biggest and most important purchase you will make in your life. It is not a decision to rush into. Fortunately, there are many resources available to you to assist you in the process of buying a home, and you would do well to make use of them. Your most important ally in the home-buying process is your realtor. Choose a realtor, whom you are comfortable working with and who will take the time to show you as many properties as you need to see to make your decision.

Another person you should see very early in the home-buying process is a mortgage broker. Mortgage brokers are specialists in mortgage financing. They are the middle-men between you, the prospective buyer, and the lender, who will provide the funding for your purchase. A good mortgage broker can help you to select the right loan for your specific needs and help procure you the best rate. He or she can also give you a better idea of how much home you can afford and has tips on how to improve your credit-worthiness. While this assistance comes at a price, of course, for the first-time buyer especially, the advice and expertise of a broker is well worth the cost. However, one must be careful in selecting a broker! Ask for referrals from your realtor, friends or other trusted sources when selecting your broker; it is advisable to interview at least two different brokers before settling on the one you wish to give your business to. A professional broker will not charge you for the initial meeting or for his advice; just like your realtor, he gets paid when the real estate deal closes, not any sooner.

Besides your realtor and your broker, you have another, possibly unexpected friend in the home-buying process: Uncle Sam wants you to achieve the American dream of home ownership! There are several government-backed programs that can speed your way into your own four walls: The Federal Housing Administration has a program that backs home loans with as little as 3.5% down payment for first-time home buyers. (Check out www.FHA.gov for more information in FHA loans.) There are also great programs for veterans, as well as the Homepath Mortgage program, which helps provide loans for certain Fannie Mae-owned foreclosed properties (www.homepath.com). Ask your broker for more information about these programs.

While you have much to learn, and many hurdles to overcome, purchasing your first home should be an adventure, and a fun one at that. In all the excitement, and with all the decisions you will have to make – don’t forget where you are headed after all: HOME.

Forclosures, rental homes, buy homes, short sale. Online directory. Home value.

Sell your home in 10 days! Can anyone gain the knowledge of selling homes? Yes, it is possible to learn the basics to advanced ways of own to sell your own residence and be proud to put a sign saying "home for sale by owner!" There are just so many legal ramifications to selling real estate and once you know them, the selling of property becomes clearer.

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You can go directly to the bank for a mortgage loan or you use a broker (some additional fees may apply).

p.xxiii so-called bad times actually are good times to inest in property

p.xxv monitor the market:

  • foreclose
  • existing home sales
  • interest rates
  • unemployment/employment figures
  • new construction starts

p.72 replacement or below replacement costs

p.3 walk or bike locations to rentals (university of florida example)

p.26 def of leverag

p.80 def of NOI Net operating income

p.6 OPM other people money

p.10 Equity example

Fallback alternative plan in an emergency

signature loans = personal loan

PITI = principal, interest, property taxes, insurance

ROI as soon as possible

the least abount of expenses

DCR = debt coverage ratio

FHA Loan

  • 3.5% down
  • it has mortgage insurance for minimally 5 years
  • After 5 years if you paid my loan 20% of the loan or that property has gain 20% equity.
  • it could go as low as 4.3% interest with Wells Fargo
  • FHA only requires 600 and above credit score
  • brokers can charge discount points to lowerour interest rate. Ex, from 4.6 to 4.5 which you'll have to pay to get
  • FHA accepts gifts funds
  • equity building equity means if your house is 100K and neighbor too but then he renovates and the house is now worth 120K and the other neighbor too, then the neighborhood just gain equity. In this case your house may now be worth 120K which would be a 20% equity gain.
  • By giving more than 3.5$% it will reduce your principle and interest therefore reducing the monthly payment
Other notes
  • It's the seller thatr pays for the agent's commission
  • In this market, most of the sellers pay the closing cost especially bank owned properties. They could even pay for the full closing cost which is about 3.5% of the full price of the house.
  • If the value of the house comes higher after approaisal, it shouldn't be broadly known.
  • The offer needs to be accepted before you do the appraisal.
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