Are You Ready To Buy Your First Property?

Are You Ready To Buy Your First Property?

Buying your first house is very exciting. When you are ready to buy your first property, there are many details to sort through and plenty of important issues to address. After saving and planning for a period of time, you need to be certain you are making the right decisions when you buy your first property.

When you are ready to buy real estate, there are many sources of information regarding listings. The first source many people go to is a real estate agency. A real estate agency has listings of all sorts of real estate including parcels of land. You might choose to buy a piece of land and build a house instead of buying a resale property. If this is something you are thinking about, before you go ahead and buy a building lot, you may want to consider visiting a lending institution to discuss a pre-approved mortgage for your new house. This would insure the funds are in place after you buy your land. There’ll be no hesitations in starting your building project.

If you decide to buy a piece of resale property, be sure to have the property appraised and inspected. If you’re applying for a mortgage, the lender will request an appraisal before you buy the property. A house inspection regarding details such as electrical, plumbing and necessary repairs is not likely to be required by the lenders. It would be in your best interest however to have these matters assessed before you actually buy the house.

You must also decide where you’d like to live before you buy your first house. There are plenty of options regarding where to buy. It’s totally up to you the buyer, where you’d be comfortable living. Many people prefer city life because of the convenience it offers. Others would rather settle in the quietness of the country or be enveloped in the beauty of the waterfront. This is a big decision to make before you buy your first house. You may be living there for awhile. This brings up another issue. You might want to buy in an area that has a good resale market. When you buy your first house you aren’t thinking about reselling but, one never knows when they might be compelled to sell or choose to sell.

When you are ready to buy your first house, it is wise to sit down and figure out what you can actually afford. It is imperative to take into account monthly expenses besides your mortgage and maintenance expense. Opting to buy or build a huge spacious house without regarding your overall expenses may create financial difficulties in the future. It is tempting to buy the house of your dreams but it isn’t always practical. To avoid unnecessary stress, before you actually buy your first house you should definitely discuss your finances with your personal banker or the lending institution to determine exactly what you can afford. Before you buy your first property, take time to think it through. Rushing out and buying the first house that catches your eye is very rarely the best idea.

Photos NOT to use when Selling your Home

I love looking at listings of homes to see diiferent approaches realtors use.

Here are some of my favorites:


Evidently the Realtor came through on Laundry Day.


Here’s another…

“Too bad about the lighting… wish we could get a little more light in here”

“I know, why not use a garbage can to prop the door open. – Problem Solved!”


I think this one’s the winner hands down.


Is it just me or does this come across as just a little creepy?

How can you buy home owner’s insurance without a house?

Question by Red Velvet: How can you buy home owner’s insurance without a house?
We are trying to buy our first home, and now before we even know if we will get financed, they want us to BUY home owner’s insurance? How? Why? Wouldn’t that be done once we buy the house? Especially if it’s escrowed in to our monthly payments?

Best answer:

Answer by Spock (rhp)
after you’ve offered on a particular house, you can buy Homeowner’s Insurance through the usual agents with the policy to begin on the effective date of the purchase, etc.

The amount of the HO needs to be included in the escrow calculations.

***

In some jurisdictions, it is also possible to “take over” the remaining portion of the existing Homeowner’s policy. Of course, you reimburse the seller for the unused portion of this.

Insurance companies allow this (with conditions) because their marketing cost to get the new customer (you) is near zero.

New Construction Opportunities

While the majority of home buyers are competing with one another to purchase beat up bank owned properties or waiting months on short sales many of my savy customers have turned to new construction.

That’s right! Several excellent builders are constructing new spec homes in our community. I can show you new homes that are ready to move into today for as low as $134,000. New homes come with full builder warranties and usually lots of upgrades.

Before you purchase an “as is” distressed home with no knowledge of its history you owe it to yourself to first consider buying a new home. Contact me today for a complete list of new homes currently available in our community. Even if your ideal new home is not available from existing inventory having a home built for you is an affordable option. Area builder have several house / lot packages for you to choose from.

For a complete list of new homes available in our community call or email me. As always I am here to help you.

Daylight Savings Reminder

Just kidding – But seriously, there is a lot of the “Old Florida” flavor in Palm Coast! … In many ways, this area has preserved a lot of the wonders that used to be common in other locales in Florida.

Meet Suzanne Lynch – Super Realtor

My first effort at Video-Scribing…
The story line is a little week but after all, we’re in the business of helping you buy or sell a house …. and not video production!

Click the image below to start the video!

Happy Halloween Everyone

Be Safe out there tomorrow!

– And as tempting as it is to eat as much candy as possible, you probably should leave a little for those out there who are legitimately Trick-or-Treating!

Try these nutritious treats instead.

Healthy Trick or Treat Treats

Palm Coast Events

Here’s what’s going on in Palm Coast Today: 10/29/2013

NOTE: This is just a list of events –
for the full descriptions, times, locations, etc. visit my: Calendar page.
  • Marineland Beach Walk
  • Entrepreneur Night – FLAGLER BEACH (October 2013)
  • Saints & Sinners Juried Art Show
  • Saturday Evening with the Artists
  • Senior Games
  • The Salt Air Farmer’s Market
  • Marineland Beach Walk
  • Entrepreneur Night
  • Flagler Beach: Agenda Cut Off Date
  • Flagler Beach: Parking Committee
  • Canning Foods Class
  • Meeting, Training, and Prayer for PC Crusade for Christ

-In order to get this in your daily FaceBook Feed be SURE TO LIKE my page!
Otherwise, you may miss out!


Bank Owned Homes

As you begin to explore housing opportunities I want you to know that I have access to every bank owned home and pre-foreclosure property in our community. There is no reason to sign up for some subscription based service. In less than 10 minutes I can generate a list of all the bank owned homes for sale and short sale homes in Flagler Beach FL and Palm Coast FL. I will give you access to inside information normally available only to real estate agents and industry insiders.

Would you like to be notified automatically when a hot new bank owned home hits our market? Just let me know and I will happy to take care of it.

Please remember if you have a general question about real estate or our community call me anytime. I am here to help you!

Palm Coast Events

Here’s what’s going on in Palm Coast Today: 10/29/2013

NOTE: This is just a list of events –
for the full descriptions, times, locations, etc. visit my: Calendar page.
  • Marineland Beach Walk
  • Entrepreneur Night – FLAGLER BEACH (October 2013)
  • Saints & Sinners Juried Art Show
  • Saturday Evening with the Artists
  • Senior Games
  • The Salt Air Farmer’s Market
  • Marineland Beach Walk
  • Entrepreneur Night
  • Flagler Beach: Agenda Cut Off Date
  • Flagler Beach: Parking Committee
  • Canning Foods Class
  • Meeting, Training, and Prayer for PC Crusade for Christ

-In order to get this in your daily FaceBook Feed be SURE TO LIKE my page!
Otherwise, you may miss out!