HOME-BUYING
KNOWLEDGEFINANCIALGROUP.COM
HOME INSPECTION
HOW TO USE HOME INSPECTION REPORTS TO NEGOTIATE SALE PRICE?
When you get the inspection report back on a home you're looking to buy, you may be able to use that report to negotiate the price. Instructions Step One Be sure your purchase contract includes an inspection clause that makes your obligation to purchase the home dependent on the results of a professional home inspection performed within a stated period of time (usually 10 to 15 days) during the sales transaction. Step Two Hire a professional home-inspection to inspect the home within the contingency period. Step Three Review the condition of each item listed on the home inspection report; decide if the condition of each item or component is acceptable or unacceptable to you. Step Four Obtain estimates on repairs or replacements described in the home inspection report if estimates are not provided by the home inspector. Step Five Compare your original offer to the estimated costs of any repairs or replacements. Step Six Present an addendum to the sellers within the contingency period at a reduced price to cover the costs of repairs or replacements or give the sellers the option of getting the work done themselves
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FINAL HOME INSPECTION WALK-THROUGH
Here is a list of items to check on a final walk-through:
Turn on and off every light fixture Run water & look under sinks for leaks Test all appliances Check garage door openers Open and close all doors Flush toilets Inspect ceilings, wall and floors Run garbage disposal and exhaust fans Test heating and air conditioning Open and close windows Make sure all debris is removed from the home When the Home is Occupied Sometimes sellers don't move out until the day the transaction closes or even a few days after closing. In those situations, I recommend that buyers do a final walk-through in the presence of the seller. Why? Because the seller knows all the little quirks about the home and can answer questions the buyers may have.
A good question to ask a seller is:
What is the one improvement you've always wanted but never got around to implementing? This is also a good time to ask the seller for a forwarding address so the buyers can send mail. It's smart to stay on good terms with the seller and, in some parts of the country, like California, buyers almost never meet the sellers. Moreover, because you never know when you might need to get in touch with the former owners, the final walk-through is an excellent opportunity, as strange as this may sound, for the parties to say hello.
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Top 10 Home Buying Mistakes
Buying a house is the largest investment most people ever make; yet all too often it's a
decision made in haste without adequate preparation. Use our list of
common house-buying mistakes to avoid costly regrets.
1. Doing it alone. Buying a house is a complex transaction. Even if you don’t use an agent,
you’ll need a complete, dependable team: lender, lawyer, inspector,
insurer, as well as referrals and advice from friends and family. Enlist the help of these
individuals early in the buying process.
2. Buying at first sight. You may be in love with the place, but does it fit your family’s needs
and budget? Make a list of your needs and wants and make sure the
house fits your requirements. Check out the neighborhood and the community before you buy
by visiting at different times of the day and week to learn about
noise and traffic patterns. Even if you don’t have kids, check out the local schools to make
sure your resale value will be good.
3. Not getting pre-qualified and pre-approved. Being pre-qualified gives you a general idea of
how much you can afford to borrow.
Being pre-approved means a lender has verified your information and credit rating and
agreed to provide you with a specific amount of money. You are in a
better position to go house hunting knowing exactly how much you can afford and that you
have financing.
4. Overbuying. You may qualify to borrow more, but can you afford to? Analyze your monthly
costs: debt, food, transportation, entertainment, and savings. As a
general rule, your total monthly debts, including your mortgage, should not exceed 36 percent
of your income before taxes. Be sure to budget enough to cover
closing costs (often two to five percent of the home’s purchase price), plus moving,
redecorating and maintenance. Allow for increases in ongoing expenses such
as utilities and taxes.
5. Misplacing your trust. No matter how much you like the agent, sellers, inspector, or the
guy down the block who vouches for them, remember this is a business
transaction. Your decision is binding. Do your own research and know your support team’s
roles and responsibilities.
6. Relying on oral agreements. Get it right and get it in writing. Written agreements almost
always trump oral ones when it comes to contracts. If the offer says
the lawnmower is negotiable, but the agent says it’s included, get it in writing.
7. Skipping the fine print. You need to understand what you’re signing before you pick up a
pen. Ask for documents in advance, make time to read them and ask
questions. Get copies of your mortgage papers a few days ahead of closing.
8. Forgetting or betting on resale. Avoid buying a home that costs 50 percent more than
neighboring homes and think before buying the most expensive home
on the block. Your neighbors’ lower home values will weaken yours. Remember, markets
change. If you buy intending to flip your investment and the market falls
and you have to sell, your selling price may not be enough to even cover your mortgage.
9. Making an unconditional offer. Protect yourself with at least two of these contingencies in
your offer:
Mortgage financing -- You’re pre-approved, but is the house? Before a bank will lend you
money, it will want a formal appraisal of the
property to confirm that there is sufficient equity in it to warrant the loan. If the house
appraises lower than the sales price, the loan may be declined.
Inspection -- never buy an existing or new home without a thorough home inspection. Walk
through the home with the inspector to learn more about the house
and any concerns he or she may have.
Insurance -- confirm you can get adequate coverage. In some areas, it’s difficult to get
hazard insurance.
10. Having buyer’s remorse. No place is perfect. There will always be surprises. Don’t let a
few initial blips spoil the whole ride. And don’t miss a great house
waiting for the perfect one
HOME BUYING---- Let us
help you purchase your
property in the area you
prefer for the price you
can afford.
Contact us to pre-qualify
you first.
Pre-qualification will put
you in a stronger position
to
negotiate with sellers and
become closer to reach an
agreement on the purchase
price.
BUYING, SELLING,
LEASING, LISTING A
PROPERTY IN SOUTH
FLORIDA. PLEASE CALL A
PROFESSIONAL REALTOR
AT 305-784-6554 Fortune
International Realty



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TIPS FOR HOME BUYERS . FIND A REALTOR: We as a Realtor, we work hard to exceed our clients expectation. We have the experience and resources available to help our clients. Every transaction should & will be handled in a professional manner. We pledge to act in the best interest of every client - Homebuyers or Homeseller. Call ANTONY -- Fortune International Realty.
You must have find a Realtor: Buying and selling real estate is a complex matter. At first it might seem that by checking local picture books or online sites you could quickly find the right home at the right price.
But a basic rule in real estate is that all properties are unique. No two properties -- even two identical models on the same street -- are precisely and exactly alike. Homes differ and so do contract terms, financing options, inspection requirements and closing costs. Also, no two transactions are alike.
In this maze of forms, financing, inspections, marketing, pricing and negotiating, it makes sense to work with a professional who knows the market.
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LOOK AT HOMES: A home is more than just a collection of bedrooms and bathrooms. Several properties -- each with four bedrooms, three baths, and the same price -- may well represent radically different designs, commuting distances, lot sizes, tax costs, interior dimensions, and exterior finishes.
Each of us is different and so it's important to list the features and benefits you want in a home. Consider such things as pricing, location, size, amenities (extras such as a pool or extra-large kitchen) and design (one floor or two, colonial or modern, etc.).
Next, it's important to consider your priorities. If you can't get a home at your price with all the features you want, then what features are most important? For instance, would you trade fewer bedrooms for a larger kitchen? A longer commute for a bigger lot and lower cost?
Lastly, consider your needs in several years. If you'll need a larger home, maybe now is the time to buy a bigger house rather than moving or expanding in the future.
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CHOOSE A HOME: As a buyer, here's what actually happens. A home has been placed on the market for which the seller has established an asking price as well as other terms. In effect, this is an offer.
At this point, you have three choices: accept the seller's offer and create a contract; reject it and not make an offer; or suggest different terms and make a counter-offer. If you choose this last option, the seller may accept, reject or make a counter-offer.
GET FINANCING: Often the cost of real estate financing is routinely greater than the original purchase price of a home (after including interest and closing costs). Because financing is so important, buyers should have as much information as possible regarding mortgage options and costs.
What kind of loan? There are thousands of loans available out there from a variety of lenders, but in general, the mortgage you choose will likely be determined by at least several key factors.
How do you get a loan? To obtain a loan you must complete a written loan application and provide supporting documentation. Specific documents include recent pay stubs, rental checks and tax returns for the past two or three years if you are self-employed. During the prequalification procedure, the loan officer will describe the type of paperwork required.
Where do you get a loan? Mortgage financing can be obtained from mortgage bankers, mortgage brokers, savings and loan associations, mutual savings banks, commercial banks, credit unions, and insurance companies.
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MAKING AN OFFER: While much attention is spent on offering prices, a proposal to buy includes both the price and terms. In some cases, terms can represent thousands of dollars in additional value for buyers -- or additional costs. Terms are extremely important and should be carefully reviewed.
How much? You sometimes hear that the amount of your offer should be x percent below the seller's asking price or y percent less than you're really willing to pay. In practice, the offer depends on the basic laws of supply and demand: If many buyers are competing for homes, then sellers will likely get full-price offers and sometimes even more. If demand is weak, then offers below the asking price may be in order.
HOME INSPECTION: How many inspections? A number of inspections are common in residential realty transactions. They include checks for termites, surveys to determine boundaries, appraisals to determine value for lenders, title reviews and structural inspections.
Structural inspections are particularly important. During these examinations, an inspector comes to the property to determine if there are material physical defects and whether expensive repairs and replacements are likely to be required in the next few years.
Such inspections for a single-family home often require two or three hours, and buyers should attend. This is an opportunity to examine the property's mechanics and structure, ask questions and learn far more about the property than is possible with an informal walk-through.
HOW TO USE THE INSPECTION REPORTS TO NEGOTIATE THE SALE PRICE?
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CLOSING TIME: In practice, closings bring together a variety of parties who are part of the "transaction" process. For example, while the history of property ownership has been checked, it's possible that the records contain errors, unrecorded claims or flaws in the review itself, thus title insurance is necessary. At closing, transfer taxes must be paid and other claims must also be settled (including closing costs, legal fees and adjustments). In most transactions, the closing agent also completes the paperwork needed to record the loan.
What to expect Settlement is a brief process where all of the necessary paperwork needed to complete the transaction is signed. Closing is typically held in an office setting, sometimes with both buyer and seller at the same table, sometimes with each party completing their papers separately.
Whatever the case, the result is that title to the property is transferred from seller to buyer. The buyer receives the keys and the seller receives payment for the home.
From the amount credited to the seller, the closing agent subtracts money to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed and filed with local property record offices.
What you need to do One of the best parts of settlement is that buyers and sellers need to do very little. Before closing, buyers typically have a final opportunity to walk through the property to assure that its condition has not materially changed since the sale agreement was signed.
At closing itself, all papers have been prepared by closing agents, title companies, lenders and lawyers. This paperwork reflects the sale agreement and allows all parties to the transaction to verify their interests. For instance, buyers get the title to the property, lenders have their loans recorded in the public records and state governments collect their transfer taxes.
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Home Buyers Guide
South Florida, contact Anthony
Jeanty for more information about
buying real estate..
There are some questions you need to answer even before you start
your search. If you're a first-time home buyer or someone who hasn't
bought a home recently, we recommend that you begin with an in-
person Buyer Consultation.
That will enable us to help you identify and clarify your requirements for
your new home and then give you a good idea what to expect when you
proceed with your home search.
Here are some questions to ponder as you begin to define the kind of
home you really want:
What style or type of home interests you – contemporary or historic,
ranch or colonial?
How large a home do you want, with how many bedrooms and baths?
What do you think are the key features? (For example: eat-in kitchen,
deck, fireplace, family room or central air conditioning)
How will you determine whether a location is right for you – schools?
Commuting needs? Availability of shopping?
Would you consider buying a home that is in need of some renovation
or expansion?
Will it be necessary to sell your home to buy your next one?
During your Buyer Consultation, we will also introduce you to financial
expert who can assist you with getting a mortgage, credit approval and
calculating just how much you can afford to spend.
Once you begin your search, we can show you any home at all, even if
it's listed with another real estate agency. Whether your interest is
piqued by a For Sale sign, newspaper, on social media pages and on a
website like knowledgefinancial.com , we will be your best resource for
learning more of the details.
Your Sales Associate will begin to work with you by diligently searching
the current inventory of available homes to find ones that meet your
expectations.
We will also network in any specific neighborhood you’re interested in,
keeping a close watch in order to let you know the moment a new house
that fits your criteria comes on the market or when a home you might
like drops its price.
Live Your Dream
Search it, Find it, Learn about it, Negotiate
it, Buy
it.
Obtain and retain our contact information
to
further assist you.! CALL US
Home Buyers
Using the Internet,
knowledgefinancial.com
can help..
Here's the best way to learn about homes you might
choose to buy.
You’re in the exact right place to begin your search.
First of all, the Internet has replaced newspapers as
the number one source of new homes. Now more
people find the home they purchase online than in
newspapers*.
Even better, you're on knowledgefinancial.com / Not
only does this site provide access to listings by
Anthony Jeanty, but we make the experience as
enjoyable as we can by constantly enhancing and
streamlining the search process, as well as by adding
helpful tools, resources and relevant information
regularly.
Here's how it works: When you call our number or fill
out a simple "contact me" web form, you'll speak to a
real estate specialist who can really help you.
We will set up an appointment to show it to you.
That makes us as we like to say, "the fastest way from
mouse to house."
Anthony Jeanty, the south Florida real estate
professional said that a house is built with bricks,
blocks, beams, wood etc. But a home is built with love
and dreams.
You've a home for sale in south
Florida, or you're the desire to
purchase a home CONTACT
Anthony.
Home Buyers
Preparing to Shop with
Confidence For Real Estate With
The Help Of Anthony Jeanty,
And Knowledgefinancial.com
Here's why it is very important that you should begin with a
mortgage credit approval.
Since a pre-approval, unlike a pre-qualification, is based on your
specific financial situation, it takes the mystery out of what you can
afford.
Not only will it help you understand which homes to consider, it will
give any prospective seller more confidence in your ability to
obtain a mortgage. (If you end up bidding on the same house as
another buyer, your mortgage credit approval might even be the
deciding factor in getting your offer accepted.)
You can get a same-day credit decision with certain lender! the
lender's representative can and will help you determine the
monthly payment you're comfortable with and provide you with a
mortgage credit decision before you shop for your home.
In fact, by using basic information such as your income, debt,
assets, and employment history, A Credit Approval Guarantee will
specify the actual loan amount, as well as the loan type and term.
The approval is subject to an acceptable appraisal of the home you
eventually purchase.**
You'll have many financing options to choose from. As part of the
process. While you probably won't need to consider more than a
few, you should at least compare the advantages of a fixed rate
mortgage with an adjustable one.
SOUTH FLORIDA, FOR MORE
INFORMATION
CONTACT ANTONY - FOR A FREE
CONSULTATION!
Home Buyers / Making an Offer
Anthony Jeanty, The South
Florida Real Estate
Neighborhood Agent can and will
help - Contact us -
knowledgefinancial.com
Here's what you need to understand about making an offer.
When you have found the house that meets your needs and maybe
even realizes your dreams, you'll probably find yourself getting
emotionally involved.
Maybe you'll imagine moving your furniture in, planting flowers, or
hosting your first big holiday party. The trick is not to get too
attached prematurely.
There are a number of steps you must take before you're holding
the keys in your hand, and you need to think clearly and objectively
at this point so that the offer you make is a realistic one.
Determining what you should offer. There are a number of factors
that will affect the offer you make. You can rely on Anthony to help
you determine a home's value relative to others in the area.
Together, you'll also consider the condition of the home, the
demand for homes like it, how long it's been on the market and, of
course, how much you really want it.
Think twice before you make a "low ball," offer. It will elicit a
counteroffer from some sellers, but others may dismiss your bid
outright. We will advise you on ways to make your offer more
attractive: for instance, a mortgage credit approval and flexibility on
the closing\settlement can ultimately close the sale.
Rest assured that we are neighborhood specialist, well trained,
having enough techniques and strategies to negotiate in your
behalf. After helping you think through the issues to determine the
best offer for you to make at the time.
Written offer with deposit. We will strengthen your written offer by
presenting it personally and describing your case to the seller in
person.
To show that your intentions are serious, it is customary to submit
the offer with a deposit. If your offer is accepted, your deposit is
placed in a trust account. If not, your deposit will be returned to you.
If the seller counteroffers, you may agree to that price and terms, or
make your own counteroffer. Once you and the seller agree, both
sides initial the final price and terms shown on the agreement of
sale.
The final contract will specify the items in the home included or
excluded in the sale, as well as any additional provisions either
side wants to have as part of the contract. End dates for
contingencies, such as for obtaining financing, are also filled in
before the contract is signed.
Additional deposit. Depending upon the price of the home and the
size of your down payment, the contract may specify a date when
additional monies would be placed into the trust account. At this
time, the mortgage company or your attorney will order a title
search and insurance.
Mortgage contingency. Unless you are an all-cash buyer, as part of
your sales contract, you generally will agree to obtain financing
within a specified period. This period may be extended with the
seller's agreement. If you are unable to secure financing, the
contract becomes null and void.
''REAL ESTATE: THE ROAD MAP TO
RICHES, THE BEST WAY TO BUILD
WEALTH. WE'RE HERE TO ASSIST YOU.
SOUTH FLORIDA CALL Anthony AT:
7867-631-7740
Extraordinary, exclusive home for
sale in south Florida.
--------------
Taste another taste of the world of
luxury living. South Florida Real
Estate
Simplify the Home Buying Process
With The Healp Of Anthony Jeanty,
South Florida Real Estate
Professional -
Knowledgefinancial.com
Even with a signed contract in hand, there's still a lot to deal with before
the house you found can become the home you live in.
We can take most of the details out of your hands and into ours, smoothly
streamlining the delivery of mortgage financing, home insurance, title
insurance, and even vital home connections services to save you time and
make the transition easier.
Unless you have a mortgage credit approval, obtaining financing in time to
meet the date specified in your sales contract.
Ask all the questions you like so that you clearly understand what your
financing options are. In addition to mortgage financing, the homeowner's
insurance and title insurance necessary to complete your home purchase.
''REAL ESTATE: THE ROAD MAP TO RICHES,
THE BEST WAY TO BUILD WEALTH. WE'RE
HERE TO ASSIST YOU.
SOUTH FLORIDA CALL Anthony AT:
7867-631-7740 //
Listing information courtesy of Anthony Real Estate home listings and homes for sale.
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals.
Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of different county Association of REALTORS.
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing with further research.
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Anthony Jeanty, FL homes for sale and home listings. Search Anthony houses, condos, town-homes and single-family homes, commercial properties. Our extensive database of real estate listings provide the most comprehensive property details like home values, features and local school and neighborhood info so you can be sure that you have nearly all the facts you need upfront. Also search listings for Anthony Jeanty Open Houses.. Search For Listings ''
Finding a home can be hard, but Anthony finding real estate properties is easy for clients. With Anthony Jeanty in south Florida no complicated process of finding a home. With Anthony, you can easily find the homes that meet your needs and fall within your means within your price range.
Find Anthony Real Estate on social media, Facebook / - // Find AGENT ANTONY on Twitter / - / Find Antony Real Estate on Trulia / - / Find Anthony Real Estate blogs , excellent Homes For Sale blogs ; very educative and informative. Real Estate At The Blogger / - / Find Anthony Real Estate web page, gorgeous, magnificent information / - /
'' Find Your Real Estate Agent In South Florida'' / - / We combine meaningful track records with expertise and professionalism to help you make a confident choice about buying real estate in Florida.
'' Real Estate Home Buying / -/ Real Estate Home Selling /- / Real Estate Home Renting /- /
Real Estate produced the second most self-made Billionaires list. Finding, Fixing, and Flipping, buying and hold properties is one way that people are making their way into real estate investing. -------------- How to Find Discount Properties?
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Listing information courtesy of Anthony Real Estate home listings and homes for sale. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of different county Association of REALTORS. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing with further research.
Real Estate Investing: The 10 Commandments Of Buying Properties With No Money And, Or No Credit. = Home Ownership affordability - Why Rent When You Can Buy? Find Multiple ways to acquire real estate properties =
What Entrepreneurs Need To Know Before Investing In Real Estate - Plan your financial goals. = Real Estate Investing Without Taking A Mortgage Part two. Real estate has been one of the best performing assets. =
Ways to Make Enough Side Money In Real Estate to Eventually Quit Your Job. = Real Estate Investing 101: Rental Real Estate Properties can work well in retirement. =
How to Get Pre-Approved for a Mortgage Home Loan Before you start shopping for a home. = Knowledge Financial Group is committed to financial education, and we provide helpful tools and resources that will benefit you, your friends and your family. =
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While many people enter the real estate
market with the intention to conquer it, but
the market ends up conquering them
perhaps they did not seek the advice of a
real estate professional like Anthony -
or perhaps they did not seek the right
guidance – expertise or may be they
overcome by fear which is false evidence
appear real.
----------------
Real Estate Investing: Four -4- Important
Things you can do when buying real estate
properties:
1. You can flip it and obtain cash on cash
return
2. Fix it and put it on the market for sale,
certainly for a greater return
3. You can rent it for monthly cash flow by
just letting someone else paying the
mortgage for you.
4. Live in it and let it build equity overtime
and letter on it will be completely yours free
and clear with zero mortgage payment
--------------
Real Estate: buy it – live in it – flip it for
profits, repair it and sell it forgreater return
or you can just rent it for a positive
monthly cash flow.