When it comes to purchasing a home, dealing with a one percent real estate professional from One Percent Guys Full Service Real Estate Agents can make all the difference. We are continuing our series of articles discussing aspects to keep in mind when purchasing a home. Our previous articles covered researching the location you wish to consider, knowing why the sellers are choosing to sell the home, the size of the home you are looking at, its current condition, insurance and taxes, and the neighbors. Today, we will explore two more aspects to consider when purchasing a home.
Weigh the Pros and Cons of an Older Home vs. New Construction
An older home can be a great option if you’re looking to save money. In today’s market, you can often get more square footage for your budget than you would with a new build.
New construction can be a great option if you’re looking for low-maintenance living. However, new homes can be more expensive than older homes, and you may have less negotiating power with the builder. The Orlando listing agents/Tampa listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents can represent you if you choose to purchase an older home OR if you decide to go the new construction route.
Budget
The first step to determine your home-buying budget is to get pre-approved for a mortgage. Pre-approval gives you an estimate of how much you can borrow and helps you narrow down your home search to properties that fit within your budget. Keep in mind that pre-approval is not the same as final approval, which you will receive once you’ve found a home and made an offer. The Tampa listing agents/Orlando listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents can help you find the perfect home to fit your budget.
If you want to save money on your new home purchase, One Percent Guys Full Service Real Estate Agents can help. We are the original providers of 1% real estate, which essentially means more money back into your pocket. If you are in the market to purchase a home, or want to sell your home, then we invite you to experience the one percent real estate difference. Give us a call today!
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Your friends at One Percent Guys Full Service Real Estate Agents are passionate about offering our 1% real estate services to individuals and families wanting to find their dream homes. We are continuing our series of articles discussing aspects to consider when purchasing a home. Our previous articles covered the importance of researching the location you wish to consider, knowing the reason why the sellers are selling the home, and the current condition and size of the home. Today, we will look at more aspects to consider as recommended by our Orlando listing agents/South Florida listing agents/Tampa listing agents and buyers agents.
Insurance and Taxes
Insurance and property taxes are important considerations when purchasing a home. Are there CDD fees and if so, how long are those in affect? What are the average property taxes, keeping in mind that you need to consider whether or not you qualify for any exemptions. Is the home in a flood zone? What is the sinkhole risk? Is the home expensive to insure? The Tampa listing agents/Orlando listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents can help you estimate your insurance and tax burden so there are no surprises during closing.
Neighbors
Neighbors are also a major consideration when buying a home. If you have children, is the neighborhood you are considering kid-friendly? When you go to a showing of the home, don’t be afraid to knock on a few neighbors doors if you are seriously interested in making an offer. Are they polite and welcoming? Do they have any thoughts on the neighborhood? Meeting the neighbors can make an big impact on your decision.
One Percent Guys Full Service Real Estate Agents are the original providers of 1% real estate. We work closely with our clients to help them locate and close on homes that fit their budgets and lifestyle. Our South Florida listing agents/Orlando listing agents/Tampa listing agents are also available to help homeowners earn the most profit from selling their homes. We invite you to experience the one percent real estate difference. Give us a call to learn more today!
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The Orlando listing agents/Tampa listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents know a thing or two about purchasing a home. If you are selling with us, our Orlando listing agents/Tampa listing agents/South Florida listing agents know what features to highlight in your MLS listing and other forms of marketing. If you are in the market to purchase a home, we know what questions to ask and what you should look for as we guide you in your search.
We are continuing our series of articles covering some aspects to consider when purchasing a home. Our previous article covered digging deep into the location you wish to consider, looking into things such as proximity to work, school, restaurants, shopping, entertainment etc., whether the home is in a flood zone, and more. We also discussed the importance of finding out why the owners are selling the home. Today, we will look at two more aspects to consider.
Condition of Home
The condition of the home is very important. You must consider how much money you will need to put into the home to make it your own. Will you need to paint? Install new flooring? Update the appliances? While these are all good aesthetic questions to ask, you also need to consider any issues identified on an inspection report. Will the roof need to be replaced soon? Does the air conditioner have any issues? Are there any problems with the electrical or plumbing? Anything indicated on the inspection report must be considered.
Size of Home
The size of the home is also a major consideration. Are there enough bedrooms for everyone in your family now and in the future (i.e., new baby, mother-in-law, etc.) Do you need a space for a home office? Is there enough living space for you to be comfortable? Is the home too big? These and other questions can help you analyze whether or not the home is the right size for your needs.
Our next article will cover more aspects to consider when purchasing a home.
Whether you want to sell your home or are in the market to purchase a home, the 1% real estate pros at One Percent Guys Full Service Real Estate Agents are ready to serve you. Our Orlando listing agents/Tampa Listing Agents/South Florida listing agents deal in one percent real estate to help ensure more money goes back into the pockets of our clients. If you are planning to buy a home or sell a home now or in the future, we welcome the opportunity to meet with you. Give your friends at One Percent Guys Full Service Real Estate Agents a call today!
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We are beginning a new series of articles discussing some important aspects to look for when purchasing a home. We’ve compiled information from our Orlando listing agents/South Florida listing agents/Tampa listing agents and buyers agents to help you as you embark on your homebuying journey. Let’s get started:
Location
Our Orlando listing agents/Tampa listing agents/South Florida listing agents will tell anyone seeking to purchase a home that location is indeed everything. It is important to consider aspects such as schools, proximity to stores and shopping, flood zone, hurricane evacuation zone, future nearby construction projects and any other considerations that are important to you and your family.
Reason Owners Are Selling
Your friends at One Percent Guys Full Service Real Estate Agents believe it is a good idea to know the reason why the current owners are selling the home. Are they downsizing, relocating to a new area for work, would like to move to a new school district, etc. The motivation behind why someone is selling their property is important because it can help give you some leverage when negotiating an offer. For instance, if someone is moving because they are being relocated for their job, then they may be eager to sell their home more quickly than someone who is simply downsizing.
Our next article will cover more tips on what to look for when purchasing a home.
The Tampa listing agents/Orlando listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents are passionate about providing customers with reliable and knowledgeable service. We specialize in 1% real estate, which ultimately means more money back in your pocket. One percent real estate is really the only way to go if you want to maximize your profits. If you are seeking to buy or sell a home, we can help. Give One Percent Guys Full Service Real Estate Agents a call today!
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The Tampa listing agents, Orlando listing agents, and South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents are dedicated to making the home buying and selling process as easy as possible for our clients. One way we do this is by walking you through the mortgage application process.
We are continuing our series of articles discussing the documents you need to apply for a home mortgage. Our previous article covered how you will need to provide proof of income for the past two years via income tax documents, W-2’s, 1099’s, profit loss statements, and/or accounts receivable. We also discussed how you will need to provide a full list of any unpaid debts such as loans, credit cards, medical bills, etc. Today, we will look at more information you will need to have ready if you plan to apply for a home mortgage.
Miscellaneous Documentation
There are a number of additional documents and documentation you will need when you apply for your mortgage. Some of these include drivers licenses and social security cards of all parties applying for the mortgage, bank statements, investment account statements, information on alimony and/or child support, documentation related to any other properties you own, rental history, and letters for any down payment gifts you receive.
Explanation of Credit History
If your credit is average or poor, be prepared to provide a written explanation of any issues revealed on your credit report, high balances, past-due accounts, etc. Be sure to disclose any possible issues to your real estate agent and mortgage broker as soon as possible.
One advantage to working with a 1% real estate agent at One Percent Guys Full Service Real Estate Agents is that you can receive a closing credit of 1% of your loan amount when you use our exclusive program through Quicken Loans. So, with our one percent real estate promise, you will receive a 1% rebate on the purchase price of your home AND a 1% rebate on the mortgage amount! If you are in the market to purchase a home or want to sell your home, we can help. Give your friends at One Percent Guys Full Service Real Estate Agents a call today.
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The Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros have seen it all over the years. While we are disappointed when a deal falls through, we do know there is usually something better just around the corner. We are continuing our series discussing some of the most common reasons why real estate deals go south. Our previous articles discussed inspection, appraisal, and financing issues. We also covered how some contingencies can contribute to a deal falling through. Let’s take a look at more reasons why a contract on a home doesn’t make it through closing.
Title Issues
Title issues can cause real estate deals to fall through. The Orlando seller agents/Tampa seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros conduct preliminary research on properties to determine if there are any obvious title issues. However, the full truth about a property is uncovered during a comprehensive title search. Examples of common title issues include liens, probate issues, survey disputes, seller not being able to legally sell the property, and bankruptcy.
Breach of Contract
At the end of the day, if either the buyer or seller decides to back out of the deal, they can do so. This will result in a breach of contract and subject the parties in breach to penalties outlined in the agreement including loss of earnest money. The Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros do not see this happen often because of the penalties involved, but it most definitely does occur.
Paying high real estate commissions are a thing of the past. Your friends at One Percent Guys Full Service Real Estate Pros are the original 1% real estate agents. We were founded with the mission to help people fulfill their dreams of owning a home. Not all one percent real estate agents are equal. We are the original and we want to work with you! Give us a call to learn more about our 1% real estate model today.
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Even when dealing in one percent real estate, some deals do fall through. We are continuing our series of articles discussing some of the most common reasons why a real estate deal goes kaput. Our previous article covered houses not passing an acceptable inspection and the home appraisal coming in under the offer amount. Today, we will look at two more reasons why real estate deals fail.
Financing
If the buyer’s mortgage does not get approved, then the real estate deal will likely fall through. Most of the time, buyers will put a contingency in the contract that the deal may be null, and void and the buyer will be refunded the down payment if their funding falls through. But not all is lost. The Tampa seller agents/Orlando seller agents/South Florida seller agents at One Percent Guys Full Service Real Estate Pros encourage sellers to take back-up offers in the event that the original buyers financing falls through.
Contingencies
Unmet contingencies can also cause a real estate deal to fall through. Examples of contingencies include the sale being contingent on the buyers financing as mentioned above or contingent on the sale of the buyer’s current home. Contingencies can also include repairs, i.e., the final sale is contingent upon the seller installing a new roof that passes inspection, etc. The 1% real estate agents at One Percent Guys Full Service Real Estate Pros advise both our buyers and sellers on acceptable contingencies.
Our next article will cover more reasons why a pending real estate transaction doesn’t make it through closing.
Your friends at One Percent Guys Full Service Real Estate Pros are proud to be the original one percent real estate agents serving the Tampa Bay area. We also have 1% real estate agents covering Orlando and South Florida as well. If you are in the market to purchase a home, or want to sell your home, then one percent real estate is definitely the way to go if you want to put more money back into your pocket. Give us a call to learn more about how our exclusive 1% real estate programs can benefit you today!
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A common question asked of our Tampa listing agents/Orlando listing agents/South Florida listing agents is what type of documentation is required to secure a home mortgage. Our next series of articles will discuss the information you need to be prepared to supply to your lender if you wish to be approved for a home mortgage. Let’s get started.
Proof of Income
Recent pay stubs, bank statements from checking and savings accounts, investment account statements and W-2’s for the past two years are among the items you may be asked to provide. If you are self-employed, you will need your past two years of income taxes, profit loss statements, 1099s, and possibly an itemized list of your accounts receivables. If applicable, you will need to declare any alimony and child support either paid or received. Be prepared to submit any additional documents your lender may ask for upon request.
Debts and Expenses
It is a good idea not to take out any new credit cards, lines of credit, or loans at least six months prior to applying for a home mortgage. While they will not kill the deal all together, debts and expenses certainly can complicate it. You will need to provide a full list of any unpaid balances including credit cards, loans, medical bills, lines of credit, etc.
Our next article will cover more documents and information you will need to provide to secure a home mortgage.
One Percent Guys Full Service Real Estate Agents is proud to be the original 1% real estate provider in Central Florida. Our Orlando listing agents/Tampa listing agents/South Florida listing agents and buyers agents are passionate about serving our clients and saving them money. Don’t settle for a one percent real estate agency that doesn’t have your best interests at heart. We’re here and ready to serve you. Give us a call to learn more about our 1% real estate promise today!
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The 1% real estate experts at One Percent Guys Full Service Real Estate Agents are especially excited when they have the opportunity to work with a first-time home buyer. We are continuing our series of articles highlighting some of the steps in purchasing your first home. Our previous articles covered the importance of finding and engaging a trusted real estate agent, exploring first-time homebuyer programs with one of our Orlando listing agents/Tampa listing agents/South Florida listing agents, obtaining a mortgage pre-approval letter, and exploring different types of mortgage options. Here are more steps in the process of purchasing your first home.
Lock in a Mortgage Rate
Mortgage rates can be very volatile so when you make an offer on a property and apply for a loan, it is a good idea to lock in a mortgage rate when rates are low. This protects you in the event the rate increases during the time when you are waiting for your deal to be finalized. Some mortgage providers even allow you to lock in a rate while you are in the process of shopping for a home. Your friends at One Percent Guys Full Service Real Estate Agents can help guide you through this process.
Make an Offer
When you find a home you love, it is a good idea to make an offer ASAP. Homes on the market are selling fast, so if you see something you really want, you need to make a reasonable offer. Your 1% real estate agent at One Percent Guys Full Service Real Estate Agents will provide direction on how to do this and be with you every step of the way.
If you are ready to buy or sell a home, One Percent Guys Full Service Real Estate Agents can help. Our Orlando listing agents/Tampa listing agents/South Florida listing agents all deal in 1% real estate, which ultimately means more money back in your pocket when you work with us. Give us a call to speak with a 1% real estate agent today!
https://1percentguysfullservicerealestateagents.com/wp-content/uploads/2022/07/The-Process-of-Purchasing-Your-First-Home.jpg6281200webdesigns@sandymeier.com/wp-content/uploads/2019/06/s-06-19-19-07-41-PM.jpgwebdesigns@sandymeier.com2022-07-14 16:57:142022-07-14 16:57:16The Process of Purchasing Your First Home
We are continuing our series of articles on buying your first home. Our previous article discussed the importance of engaging a trusted real estate agent (such as one from One Percent Guys Full Service Real Estate Agents.) We also covered the fact that there are numerous first-time homebuyer programs that our Orlando listing agents/Tampa listing agents/South Florida listing agents can explore with you. Today, we will look at two more steps to consider as you embark on purchasing your first home.
Obtain a Mortgage Pre-Approval Letter
A mortgage pre-approval letter is a valuable tool, especially in a competitive real estate market. It demonstrates to sellers that you are qualified to make an offer. Many Orlando seller agents/Tampa seller agents/South Florida seller agents require a mortgage pre-approval letter before accepting an offer.
Explore Mortgage Options
Conventional, FHA, VA…there are numerous types of mortgage options to consider. Your friends at One Percent Guys Full Service Real Estate Agents can help determine which type of mortgage options you qualify for and help you decide which is best for you.
Our next article will cover more steps in the process of purchasing your first home.
One Percent Guys Full Service Real Estate Agents have qualified and experienced Orlando listing agents/Tampa listing agents/South Florida listing agents ready to work with you on purchasing your first home. Best of all, we deal in 1% real estate, which essentially means that we rebate back to you 1% of the final sales price of the home you purchase. You are essentially receiving the equivalent of a one percent real estate commission when you purchase your home. Use it to buy new furniture, pay down your mortgage, put into savings…whatever you choose. Whether you are planning to sell a home, purchase a home, or become a first time homebuyer, your friends at One Percent Guys Full Service Real Estate Agents are here to help. Give us a call to learn more about our 1% real estate programs for both buyers and sellers today.
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Keep This in Mind When Purchasing a Home
in Real EstateWhen it comes to purchasing a home, dealing with a one percent real estate professional from One Percent Guys Full Service Real Estate Agents can make all the difference. We are continuing our series of articles discussing aspects to keep in mind when purchasing a home. Our previous articles covered researching the location you wish to consider, knowing why the sellers are choosing to sell the home, the size of the home you are looking at, its current condition, insurance and taxes, and the neighbors. Today, we will explore two more aspects to consider when purchasing a home.
Weigh the Pros and Cons of an Older Home vs. New Construction
An older home can be a great option if you’re looking to save money. In today’s market, you can often get more square footage for your budget than you would with a new build.
New construction can be a great option if you’re looking for low-maintenance living. However, new homes can be more expensive than older homes, and you may have less negotiating power with the builder. The Orlando listing agents/Tampa listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents can represent you if you choose to purchase an older home OR if you decide to go the new construction route.
Budget
The first step to determine your home-buying budget is to get pre-approved for a mortgage. Pre-approval gives you an estimate of how much you can borrow and helps you narrow down your home search to properties that fit within your budget. Keep in mind that pre-approval is not the same as final approval, which you will receive once you’ve found a home and made an offer. The Tampa listing agents/Orlando listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents can help you find the perfect home to fit your budget.
If you want to save money on your new home purchase, One Percent Guys Full Service Real Estate Agents can help. We are the original providers of 1% real estate, which essentially means more money back into your pocket. If you are in the market to purchase a home, or want to sell your home, then we invite you to experience the one percent real estate difference. Give us a call today!
Consider These Aspects When Purchasing a Home
in Real EstateYour friends at One Percent Guys Full Service Real Estate Agents are passionate about offering our 1% real estate services to individuals and families wanting to find their dream homes. We are continuing our series of articles discussing aspects to consider when purchasing a home. Our previous articles covered the importance of researching the location you wish to consider, knowing the reason why the sellers are selling the home, and the current condition and size of the home. Today, we will look at more aspects to consider as recommended by our Orlando listing agents/South Florida listing agents/Tampa listing agents and buyers agents.
Insurance and Taxes
Insurance and property taxes are important considerations when purchasing a home. Are there CDD fees and if so, how long are those in affect? What are the average property taxes, keeping in mind that you need to consider whether or not you qualify for any exemptions. Is the home in a flood zone? What is the sinkhole risk? Is the home expensive to insure? The Tampa listing agents/Orlando listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents can help you estimate your insurance and tax burden so there are no surprises during closing.
Neighbors
Neighbors are also a major consideration when buying a home. If you have children, is the neighborhood you are considering kid-friendly? When you go to a showing of the home, don’t be afraid to knock on a few neighbors doors if you are seriously interested in making an offer. Are they polite and welcoming? Do they have any thoughts on the neighborhood? Meeting the neighbors can make an big impact on your decision.
One Percent Guys Full Service Real Estate Agents are the original providers of 1% real estate. We work closely with our clients to help them locate and close on homes that fit their budgets and lifestyle. Our South Florida listing agents/Orlando listing agents/Tampa listing agents are also available to help homeowners earn the most profit from selling their homes. We invite you to experience the one percent real estate difference. Give us a call to learn more today!
Aspects to Consider When Purchasing a Home
in Real EstateThe Orlando listing agents/Tampa listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents know a thing or two about purchasing a home. If you are selling with us, our Orlando listing agents/Tampa listing agents/South Florida listing agents know what features to highlight in your MLS listing and other forms of marketing. If you are in the market to purchase a home, we know what questions to ask and what you should look for as we guide you in your search.
We are continuing our series of articles covering some aspects to consider when purchasing a home. Our previous article covered digging deep into the location you wish to consider, looking into things such as proximity to work, school, restaurants, shopping, entertainment etc., whether the home is in a flood zone, and more. We also discussed the importance of finding out why the owners are selling the home. Today, we will look at two more aspects to consider.
Condition of Home
The condition of the home is very important. You must consider how much money you will need to put into the home to make it your own. Will you need to paint? Install new flooring? Update the appliances? While these are all good aesthetic questions to ask, you also need to consider any issues identified on an inspection report. Will the roof need to be replaced soon? Does the air conditioner have any issues? Are there any problems with the electrical or plumbing? Anything indicated on the inspection report must be considered.
Size of Home
The size of the home is also a major consideration. Are there enough bedrooms for everyone in your family now and in the future (i.e., new baby, mother-in-law, etc.) Do you need a space for a home office? Is there enough living space for you to be comfortable? Is the home too big? These and other questions can help you analyze whether or not the home is the right size for your needs.
Our next article will cover more aspects to consider when purchasing a home.
Whether you want to sell your home or are in the market to purchase a home, the 1% real estate pros at One Percent Guys Full Service Real Estate Agents are ready to serve you. Our Orlando listing agents/Tampa Listing Agents/South Florida listing agents deal in one percent real estate to help ensure more money goes back into the pockets of our clients. If you are planning to buy a home or sell a home now or in the future, we welcome the opportunity to meet with you. Give your friends at One Percent Guys Full Service Real Estate Agents a call today!
What to Look for When Buying a Home
in Real EstateWe are beginning a new series of articles discussing some important aspects to look for when purchasing a home. We’ve compiled information from our Orlando listing agents/South Florida listing agents/Tampa listing agents and buyers agents to help you as you embark on your homebuying journey. Let’s get started:
Location
Our Orlando listing agents/Tampa listing agents/South Florida listing agents will tell anyone seeking to purchase a home that location is indeed everything. It is important to consider aspects such as schools, proximity to stores and shopping, flood zone, hurricane evacuation zone, future nearby construction projects and any other considerations that are important to you and your family.
Reason Owners Are Selling
Your friends at One Percent Guys Full Service Real Estate Agents believe it is a good idea to know the reason why the current owners are selling the home. Are they downsizing, relocating to a new area for work, would like to move to a new school district, etc. The motivation behind why someone is selling their property is important because it can help give you some leverage when negotiating an offer. For instance, if someone is moving because they are being relocated for their job, then they may be eager to sell their home more quickly than someone who is simply downsizing.
Our next article will cover more tips on what to look for when purchasing a home.
The Tampa listing agents/Orlando listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents are passionate about providing customers with reliable and knowledgeable service. We specialize in 1% real estate, which ultimately means more money back in your pocket. One percent real estate is really the only way to go if you want to maximize your profits. If you are seeking to buy or sell a home, we can help. Give One Percent Guys Full Service Real Estate Agents a call today!
What Documents Do I Need to Apply for a Mortgage?
in Real EstateThe Tampa listing agents, Orlando listing agents, and South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents are dedicated to making the home buying and selling process as easy as possible for our clients. One way we do this is by walking you through the mortgage application process.
We are continuing our series of articles discussing the documents you need to apply for a home mortgage. Our previous article covered how you will need to provide proof of income for the past two years via income tax documents, W-2’s, 1099’s, profit loss statements, and/or accounts receivable. We also discussed how you will need to provide a full list of any unpaid debts such as loans, credit cards, medical bills, etc. Today, we will look at more information you will need to have ready if you plan to apply for a home mortgage.
Miscellaneous Documentation
There are a number of additional documents and documentation you will need when you apply for your mortgage. Some of these include drivers licenses and social security cards of all parties applying for the mortgage, bank statements, investment account statements, information on alimony and/or child support, documentation related to any other properties you own, rental history, and letters for any down payment gifts you receive.
Explanation of Credit History
If your credit is average or poor, be prepared to provide a written explanation of any issues revealed on your credit report, high balances, past-due accounts, etc. Be sure to disclose any possible issues to your real estate agent and mortgage broker as soon as possible.
One advantage to working with a 1% real estate agent at One Percent Guys Full Service Real Estate Agents is that you can receive a closing credit of 1% of your loan amount when you use our exclusive program through Quicken Loans. So, with our one percent real estate promise, you will receive a 1% rebate on the purchase price of your home AND a 1% rebate on the mortgage amount! If you are in the market to purchase a home or want to sell your home, we can help. Give your friends at One Percent Guys Full Service Real Estate Agents a call today.
Real Estate Deals That Fall Through
in Real EstateThe Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros have seen it all over the years. While we are disappointed when a deal falls through, we do know there is usually something better just around the corner. We are continuing our series discussing some of the most common reasons why real estate deals go south. Our previous articles discussed inspection, appraisal, and financing issues. We also covered how some contingencies can contribute to a deal falling through. Let’s take a look at more reasons why a contract on a home doesn’t make it through closing.
Title Issues
Title issues can cause real estate deals to fall through. The Orlando seller agents/Tampa seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros conduct preliminary research on properties to determine if there are any obvious title issues. However, the full truth about a property is uncovered during a comprehensive title search. Examples of common title issues include liens, probate issues, survey disputes, seller not being able to legally sell the property, and bankruptcy.
Breach of Contract
At the end of the day, if either the buyer or seller decides to back out of the deal, they can do so. This will result in a breach of contract and subject the parties in breach to penalties outlined in the agreement including loss of earnest money. The Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros do not see this happen often because of the penalties involved, but it most definitely does occur.
Paying high real estate commissions are a thing of the past. Your friends at One Percent Guys Full Service Real Estate Pros are the original 1% real estate agents. We were founded with the mission to help people fulfill their dreams of owning a home. Not all one percent real estate agents are equal. We are the original and we want to work with you! Give us a call to learn more about our 1% real estate model today.
Top Reasons Why Real Estate Deals Fall Through
in Real EstateEven when dealing in one percent real estate, some deals do fall through. We are continuing our series of articles discussing some of the most common reasons why a real estate deal goes kaput. Our previous article covered houses not passing an acceptable inspection and the home appraisal coming in under the offer amount. Today, we will look at two more reasons why real estate deals fail.
Financing
If the buyer’s mortgage does not get approved, then the real estate deal will likely fall through. Most of the time, buyers will put a contingency in the contract that the deal may be null, and void and the buyer will be refunded the down payment if their funding falls through. But not all is lost. The Tampa seller agents/Orlando seller agents/South Florida seller agents at One Percent Guys Full Service Real Estate Pros encourage sellers to take back-up offers in the event that the original buyers financing falls through.
Contingencies
Unmet contingencies can also cause a real estate deal to fall through. Examples of contingencies include the sale being contingent on the buyers financing as mentioned above or contingent on the sale of the buyer’s current home. Contingencies can also include repairs, i.e., the final sale is contingent upon the seller installing a new roof that passes inspection, etc. The 1% real estate agents at One Percent Guys Full Service Real Estate Pros advise both our buyers and sellers on acceptable contingencies.
Our next article will cover more reasons why a pending real estate transaction doesn’t make it through closing.
Your friends at One Percent Guys Full Service Real Estate Pros are proud to be the original one percent real estate agents serving the Tampa Bay area. We also have 1% real estate agents covering Orlando and South Florida as well. If you are in the market to purchase a home, or want to sell your home, then one percent real estate is definitely the way to go if you want to put more money back into your pocket. Give us a call to learn more about how our exclusive 1% real estate programs can benefit you today!
What Information Do I Need to Apply for a Home Mortgage?
in Real EstateA common question asked of our Tampa listing agents/Orlando listing agents/South Florida listing agents is what type of documentation is required to secure a home mortgage. Our next series of articles will discuss the information you need to be prepared to supply to your lender if you wish to be approved for a home mortgage. Let’s get started.
Proof of Income
Recent pay stubs, bank statements from checking and savings accounts, investment account statements and W-2’s for the past two years are among the items you may be asked to provide. If you are self-employed, you will need your past two years of income taxes, profit loss statements, 1099s, and possibly an itemized list of your accounts receivables. If applicable, you will need to declare any alimony and child support either paid or received. Be prepared to submit any additional documents your lender may ask for upon request.
Debts and Expenses
It is a good idea not to take out any new credit cards, lines of credit, or loans at least six months prior to applying for a home mortgage. While they will not kill the deal all together, debts and expenses certainly can complicate it. You will need to provide a full list of any unpaid balances including credit cards, loans, medical bills, lines of credit, etc.
Our next article will cover more documents and information you will need to provide to secure a home mortgage.
One Percent Guys Full Service Real Estate Agents is proud to be the original 1% real estate provider in Central Florida. Our Orlando listing agents/Tampa listing agents/South Florida listing agents and buyers agents are passionate about serving our clients and saving them money. Don’t settle for a one percent real estate agency that doesn’t have your best interests at heart. We’re here and ready to serve you. Give us a call to learn more about our 1% real estate promise today!
The Process of Purchasing Your First Home
in Real EstateThe 1% real estate experts at One Percent Guys Full Service Real Estate Agents are especially excited when they have the opportunity to work with a first-time home buyer. We are continuing our series of articles highlighting some of the steps in purchasing your first home. Our previous articles covered the importance of finding and engaging a trusted real estate agent, exploring first-time homebuyer programs with one of our Orlando listing agents/Tampa listing agents/South Florida listing agents, obtaining a mortgage pre-approval letter, and exploring different types of mortgage options. Here are more steps in the process of purchasing your first home.
Lock in a Mortgage Rate
Mortgage rates can be very volatile so when you make an offer on a property and apply for a loan, it is a good idea to lock in a mortgage rate when rates are low. This protects you in the event the rate increases during the time when you are waiting for your deal to be finalized. Some mortgage providers even allow you to lock in a rate while you are in the process of shopping for a home. Your friends at One Percent Guys Full Service Real Estate Agents can help guide you through this process.
Make an Offer
When you find a home you love, it is a good idea to make an offer ASAP. Homes on the market are selling fast, so if you see something you really want, you need to make a reasonable offer. Your 1% real estate agent at One Percent Guys Full Service Real Estate Agents will provide direction on how to do this and be with you every step of the way.
If you are ready to buy or sell a home, One Percent Guys Full Service Real Estate Agents can help. Our Orlando listing agents/Tampa listing agents/South Florida listing agents all deal in 1% real estate, which ultimately means more money back in your pocket when you work with us. Give us a call to speak with a 1% real estate agent today!
Understanding the Process of Buying Your First Home
in Real EstateWe are continuing our series of articles on buying your first home. Our previous article discussed the importance of engaging a trusted real estate agent (such as one from One Percent Guys Full Service Real Estate Agents.) We also covered the fact that there are numerous first-time homebuyer programs that our Orlando listing agents/Tampa listing agents/South Florida listing agents can explore with you. Today, we will look at two more steps to consider as you embark on purchasing your first home.
Obtain a Mortgage Pre-Approval Letter
A mortgage pre-approval letter is a valuable tool, especially in a competitive real estate market. It demonstrates to sellers that you are qualified to make an offer. Many Orlando seller agents/Tampa seller agents/South Florida seller agents require a mortgage pre-approval letter before accepting an offer.
Explore Mortgage Options
Conventional, FHA, VA…there are numerous types of mortgage options to consider. Your friends at One Percent Guys Full Service Real Estate Agents can help determine which type of mortgage options you qualify for and help you decide which is best for you.
Our next article will cover more steps in the process of purchasing your first home.
One Percent Guys Full Service Real Estate Agents have qualified and experienced Orlando listing agents/Tampa listing agents/South Florida listing agents ready to work with you on purchasing your first home. Best of all, we deal in 1% real estate, which essentially means that we rebate back to you 1% of the final sales price of the home you purchase. You are essentially receiving the equivalent of a one percent real estate commission when you purchase your home. Use it to buy new furniture, pay down your mortgage, put into savings…whatever you choose. Whether you are planning to sell a home, purchase a home, or become a first time homebuyer, your friends at One Percent Guys Full Service Real Estate Agents are here to help. Give us a call to learn more about our 1% real estate programs for both buyers and sellers today.