Wednesday, September 14, 2022 / by Ana Baldner
When it comes to dipping your toe in the Real Estate World, the first thing you'll notice is the abundance of industry specific terms that seem to come up frequently and may seem like foreign concepts. Terms you probably haven't ever heard of before! Skipping over the meanings of these words can keep you from understanding crucial information about your favorite listings.
Here we made you a quick “cheat sheet” with a bunch of common Real Estate Terms. Keep these in mind, and it'll help you out when browsing for properties or closing on your own home.
As-Is: The home may need repairs or renovations that the seller will not complete before or as part of the sale. As-is also refers to the condition of the property at the time the offer was written and should something happen to the property from the time the offer was written to closing which alters this condition, then the seller must bring back the property to its “as-is” condition OR the 2 ...
Thursday, August 25, 2022 / by Ana Baldner
Real Estate has been voted as being Americans favorite investment for the long term for the fourth year in a row. Many news outlets are pushing out headlines that focus on the slowing of the real estate market, but no one is talking about the massive investment opportunities that we are seeing in front of us.
It's important to diversify your investments as a whole. Having all your eggs in one basket makes it more likely that you could face a total loss. Spreading your savings across different types of investments can give you financial security.
There are 8 major reasons that real estate is a good investment to choose
1. You can force appreciation
One reason the stock market appears daunting to many people is the uncertainty. You put your money in the market, and you have no power in the result. The best part about real estate is that you can have a hand in your asset's appreciation in the form of renovations and repairs.
Major renovations such as ad ...
Monday, September 14, 2020 / by Carol McNamee
Have you been considering buying or selling your home but not sure how safe it is during this time? Here at Florida Lifestyle Realty, we have made it simple, safe and easy for anyone to continue their home process from the comfort of their own home.
You may ask how? We have created a Virtual Home Buying and Selling Package for clients that include a touch-less experience where you don’t have to leave your house.
For example, with a Virtual Home Selling Package, you will get a virtual consultation over the phone or video to talk about your selling goals. In addition, we will schedule a photographer to take professional photos that highlight your home. When it comes to property showings, we take extra precautions to safeguard everyone's health, following the CDC guidelines by wearing masks and keeping a distance. Don’t worry about having to sign documents in-person, you can review and sign all contracts, forms and disclosures from your phone or computer. And when; ...
Thursday, September 10, 2020 / by Michele Barwick
Hurricane season officially kicked off on June 1st and goes through November 30th. Hurricanes can seem scary but being prepared will help keep your family and property safe. When a storm is approaching and becomes a potential threat to your area, the National Weather Service will issue watches and warnings to keep you up to date on how to prepare.
A "hurricane watch" indicates the possibility that you could experience hurricane conditions within 36 hours. This watch should trigger your family's disaster plan and protective measures should be taken, especially those actions that require extra time such as securing a boat, leaving a barrier island, etc. Many of us live on a barrier island which means we need to start preparing now, if not sooner.
A "hurricane warning" indicates that sustained winds of at least 74 mph are expected within 24 hours. Once this warning has been issued, your family should be in the process of completing protective actions and deciding the safest lo ...
Tuesday, August 25, 2020 / by Kelly Bruno
Typical ways to purchase real estate include Conventional loans, FHA loans, VA loans and cash. But not all condos are created equal; some of these are not an option with the exception of cash.
Some condos can only be bought with cash. This can happen for a number of reasons:
The condo does not carry the right insurance that a lender requires
The ratio of renters to onsite owners is too high
The condo is involved in a litigation of some sort, among other things
The majority of condos are purchased with a conventional loan. The required amount of a down payment can range from 10% up to 25% (there are even a few lenders that will accept 5% down). This amount will depend on the lender and how the Buyer intends to use the property. In addition, you must factor in whether or not the association is “warrantable”, meaning a complex must be in good shape – both physically and fiscally.
FHA loans offer low down payments and more ...