UPDATE: New photos posted! UPDATE: Open House and Garage Sale on Saturday 10/29. Garage Sale starts at 7:00 am. Open House runs 10 to 12. Kimbanora House is a spacious, well kept pool home just off Kimberly Blvd. Two beds with two baths plus a spacious sun-room overlooking a screened in…
I love it when a blog post writes itself. This was a conversation I had with clients who were seeking insurance on their new home in anticipation of closing in a few weeks. Hey Bob, you can get back to me tomorrow, no rush whatsoever. I just realized the quote you sent me is…
The FHA Mortgage program has some new and important changes that will certainly impact borrowers. Check out some of the major changes: 1. FHA will no longer allow student loans to be deferred. Lenders have to include a 2% payment in the debt-to-income calculation. 2. Only recorded land contracts can be done as a refinance…
Mattress Money and other funds used to purchase a home With vigilant focus on the source of funds for closing mortgage loans, its important to know what’s acceptable. Here’s what you need to know and what you will need to provide: Mattress Money Or any “cash on hand” is not acceptable. All funds must…
The 1031 Exchange is slowly making its way into daily conversation by Realtors, title companies, and investors. Please keep in mind that Section 1031 isn’t restricted to Real Estate but this is where most of the discussion takes place. Although most sales are taxable as sales, if you use 1031, you’ll either have no tax…
Are you thinking of buying a home? Are you dreading having to walk through strangers’ houses? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of buying. A great agent is always worth more than the commission they charge just like a great…
Your Guru works with a lot of buyers that come to me from online lead sources. I do a really good job of promoting my Real Estate Business online and consumers find me through many different websites. Some are my own, and some are the big national sites like Realtor.com, Zillow.com, Trulia.com and…
Have you ever wondered how long you might have to wait after Bankruptcy, Foreclosure, or Short Sale before you can purchase your new home? Check out the chart and see how long a lender will require you to wait before you can borrow again. Link to the PDF here: http://sunshineguru.com/wp-content/uploads/2013/11/Derog-Credit-Chart-Fisher-Darrow.pdf Interestingly, I recently had a…
Buying a foreclosed home can seem like a dream. Deals sound like they’re too good to be true. But there are some hidden dangers in buying foreclosed properties that could be disheartening and disappointing if you’re not aware of them.
Check out the interesting article at BankRate.com that describes how Floridians are paying the 9th highest closing costs in the nation. Besides lender fees and title charges, don’t forget about your pre-paid taxes and your insurance premiums when you’re calculating how much to save for your down-payment. Here in South Florida, your insurance premiums are…