Rental markets in many cities are booming. If you are a prospective investor who likes the idea of some real estate income, multi-family or rental income property can be a great investment.
However, getting financing for a multi-family property is often different from a personal residence single-family home or Jupiter condominium for a few different reasons. If rental property is something you plan on pursuing, knowing some of these tips might be helpful:
1. Live in one of the units
Investors purchasing rental properties purely as an investment typically need a larger down payment and pay higher interest than those who plan to live in their own homes. In general, lenders usually feel that homes where the owner is not living in the home
Beautiful, tranquil views await you at this tropical waterfront first floor condominium fronting the Earman River with ocean access! This unit provides expansive views of the water overlooking your dedicated boat slip and lift. Upon entering the home, you will find the open gourmet kitchen to the left with stainless steel appliances, crown molding and an inviting breakfast bar. Across from the kitchen is a large utility room with full size washer, dryer and pantry, which provides plenty of room for lots of storage. The dining room is located off the kitchen at the front of the great room with trey ceiling and wet bar. The great room provides panoramic views of the water and screened in patio. The master bedroom features a large walk in closet and…
When listing a home for sale, is the seller obligated to give specific reasons for selling, even if they're negatives? What if snakes, alligators or stray golf balls sometimes wind up in your back yard, or noxious odors drift by when the wind blows in a certain direction?
What if the noise from a nearby¬†freeway always seems too loud for comfort? Are there plans for a new shopping mall that promises to bring not only more retail outlets but¬†incessant¬†traffic jams as well?
Does an owner have to tell the real estate agent or potential buyers? As with most legal questions, it is best to check with your real estate agent or legal counsel to see what fits your specific situation.¬†
Making the decision to list your home for sale should not be taken lightly. It is such a significant decision, in fact, that many people stay in their home when it no longer makes sense for them. ¬†How do you know when you should stay or you should go? ¬†
A move would make good sense financially.
Unless you are¬†planning to move into the rental market, selling your home means that you must be ready to buy a new one. If you do not have to move due to other factors such as a job or lifestyle change, a voluntary move can wait until your¬†financial situation is secure. Some signs that you are financially ready to make a change include:
You are out of debt.¬† When you have paid off all non-mortgage related debt and have an emergency fund in place,
Don't miss out on this private Canterbury Place at Abacoa pool home situated on a beautiful corner lot with preserve and lake views directly across the street. A spacious front covered patio welcomes you and makes it the perfect place to relax and chat with your neighbors as they take an evening stroll. Inside you will find a contemporary style with a comforting feeling that makes you feel like you are right at home. Tile floors, crown molding and neutral colors compliment the space. A generous living and dining area will catch your eye as you enter the foyer. If a pool table or game room is in the plans this space¬†will comfortably accommodate such a dream.The kitchen is equipped with granite counters, stainless appliances including a
Hopeful home buyers worry about a variety of obstacles that may hinder their purchasing plans.¬†Unfortunately, along with these valid worries, there are also some common recommendations concerning your credit score¬†that can range from somewhat untrue to completely false.
Consumers who fall for these misconceptions can end up hurting their credit scores instead of helping them, and derailing their purchasing process.
Don't let it happen to you.
Perk up your ears, sit back, and increase your home buying savviness¬†by understanding these common credit scoring myths, and knowing how to finesse your way around and over¬†them. As always, consulting with a professional is always recommended to find exactly what will work for your specific situation.
Whether you are buying your first home in West Palm Beach, refinancing, or buying a second home, you want to secure a reasonable monthly payment.
The more you have to pay each month, the less you have available to pay for home maintenance, repairs and upgrades.
Remember to talk with your lender to get their professional opinion on what works best for your individual situation.
Here are six practical ways to lower your monthly payment.
1. Shop Around
You already know that the price of homes could vary quite widely depending on the neighborhood you select. This standard also applies to property taxes, homeowner's association (HOA) fees and the loan itself.
The Consumer Finance Protection Bureau notes that 47 percent of borrowers
This beautiful home is currently used as a farm with tons of potential to add your dream stable and riding arena. Constructed in 2012 and nestled on 6.25 acres this 4 bedroom 5 bath custom gated estate home offers 3239 air conditioned square feet, and a 1,000 square foot gazebo with all the extras. This magnificent residence is graced by large,¬†voluminous¬†ceilings throughout, which are complimented with custom draperies, plantation shutters, fine detailed paint and moldings. The grand entryway and lake with fountain lead you to the front patio with travertine stairs and front porch. A sense of tranquility draws you into the grand layout which has been designed for entertaining. A formal living space with views of the outdoors is a
Open houses reach many buyers at one time, which makes them one of the most efficient ways to amass offers and sell a home. Before your open house can take place, however, you must first prepare your property to be seen by others.
The following suggestions will help you make a checklist of essential tasks to be completed before your open house begins.
Clutter removal is one of the first projects to complete when preparing for an open house. Eliminating clutter isn't as simple as shoving your old bills and knick-knacks in a closet. Potential home buyers will look in all the nooks and crannies of your home, including the closets, garage and storage shed.
To get rid of your clutter, you'll either need to purchase
Homes often¬†don't come cheap, so buying a home on a tight budget can be tricky. Under the circumstances however, it's possible to purchase a home you love. But¬†it takes time and careful strategizing.
If you're a homebuyer on a budget, these smart choices may help you buy a home that perfect home while also meeting your needs as a new home buyer.¬†
Home Buyers Should be Patient¬†
Good deals don't happen every day. Many people buying real estate on a budget should be patient and will probably preview¬†many homes over a long period of time before they find the house that meets their needs and one that fits their budget. And because of this longer time-frame, home buyers should have¬†patience during the house search.