Top Home Buyers Guide!

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Learning how to buy a home or property can take some time in gathering all the necessary information. Therefore lets save some time! This guide will provide you with the latest best tips on getting started with real estate – even if you are a first time home buyer. Following these simple strategies could help you save thousands. So before doing anything else, check out these simple tips to help you receive more value!

Location is Key

We all have heard the saying “Location, Location, Location”. It is very true though. We got a home on a lake versus a home on the beach. Land alone, the beach property will be worth more.

Forget about the home when you take a look at it, instead look at the property the home sits on. How valuable is it now and in the future you think? Where is the closest Starbucks from the property or similar stores like Whole Foods?

Follow the Big Players

Research shows buying a home or property surrounding a Starbucks within 5 miles can see appreciation values of over 70% in 10 years on average. This is a result from the team at Starbucks researching population growth and income. You can drift into their zone and you will likely see good returns over the next several years from your property, for example.

Closing Costs

Sometimes costs can be unaccounted for before going into a transaction only because due diligence was not done. There should be no surprises and every costs should be laid out in a nice balance sheet prior to closing so that both parties are aware of the costs and fees associated with the transaction.

However, just note, even though lenders are only needing 3% down to close, that is before closing costs. I have seen costs for a 200k home go for around 5k, and the down-payment needed on 200k would be 6k, so around a total of 11k will be needed in full to close.

If you are a veteran or can apply for special types of housing, you may have the option to roll all costs into the mortgage so it can be only a few hundred dollars to close. Ask your lender to see what you can apply for.

Disclosure Forms

Before signing anything, make sure all your legal disclosure forms are sorted and received. If not, it can hold up a transaction and possibly costing you to lose the deposit if not received in a timely manner. This is a must as these forms are heavily regulated to make sure all parties are aware of the property, and any defects it may have.

For example, in a sales contract, you may see the clause about Radon gas if not, it needs to be added. Remember, anytime you have any questions in your Real Estate transaction you may contact me or simply ask your professional Real Estate lawyer.

front of venice home
home buying guide Venice Florida image

Learning how to buy a home or property can take some time in gathering all the necessary information. Therefore lets save some time! This guide will provide you with the latest best tips on getting started with real estate – even if you are a first time home buyer. Following these simple strategies could help you save thousands. So before doing anything else, check out these simple tips to help you receive more value!

Location is Key

We all have heard the saying “Location, Location, Location”. It is very true though. We got a home on a lake versus a home on the beach. Land alone, the beach property will be worth more.

Forget about the home when you take a look at it, instead look at the property the home sits on. How valuable is it now and in the future you think? Where is the closest Starbucks from the property or similar stores like Whole Foods?

Follow the Big Players

Research shows buying a home or property surrounding a Starbucks within 5 miles can see appreciation values of over 70% in 10 years on average. This is a result from the team at Starbucks researching population growth and income. You can drift into their zone and you will likely see good returns over the next several years from your property, for example.

Closing Costs

Sometimes costs can be unaccounted for before going into a transaction only because due diligence was not done. There should be no surprises and every costs should be laid out in a nice balance sheet prior to closing so that both parties are aware of the costs and fees associated with the transaction.

However, just note, even though lenders are only needing 3% down to close, that is before closing costs. I have seen costs for a 200k home go for around 5k, and the down-payment needed on 200k would be 6k, so around a total of 11k will be needed in full to close.

If you are a veteran or can apply for special types of housing, you may have the option to roll all costs into the mortgage so it can be only a few hundred dollars to close. Ask your lender to see what you can apply for.

Disclosure Forms

Before signing anything, make sure all your legal disclosure forms are sorted and received. If not, it can hold up a transaction and possibly costing you to lose the deposit if not received in a timely manner. This is a must as these forms are heavily regulated to make sure all parties are aware of the property, and any defects it may have.

For example, in a sales contract, you may see the clause about Radon gas if not, it needs to be added. Remember, anytime you have any questions in your Real Estate transaction you may contact me or simply ask your professional Real Estate lawyer.

front of venice home
2019-06-12T22:08:16+00:00