Wow its a new year. Its 2012!!!
May everyone have God Blessesd 2012.
With a new year it bring changes, at least it should bring changes.
If you are considering purchasing a home this year, take the steps now to prepare.
Step one: Pull a copy of your credit. You can use agencies such as Free credit.com or talk to a loan officer.
Step two: Review your credit for descrepencies. Check for open balances that were previously paid off that continues to show an open balance. Also check credit lines that may not belong to you. If you find any balances that were previously paid, contact the credit bureaes and dispute the balances.
Step Three: Save money, if you are planning on obtaining an FHA loan, you will need 3.5% of the purchase price.
Step four: This is critical, plan a budget plan. Track you spending. Keep all your reciepts and review them at the end of the month and try to elimnate careless spending.
Step five: If you have open revolving credit, try to reduce the balances. Do not open any other credit lines, do not go out and buy a new car.
Hope this help.
If you need additional information, please feel free to call.
Thank you,
Ainsley Daux
Florida Realty
(813)546-1954
Showing posts with label Tampa Bay Real Estate. Show all posts
Showing posts with label Tampa Bay Real Estate. Show all posts
Monday, January 2, 2012
Tuesday, December 13, 2011
Should I get a Home Inspection
Buying a home is a major decision. There's alot of planning and research that is needed proir to purchasing a home. Of course a great buyers agent helps alleviate the pressure and the research that goes along with a purchasing home. Also another pressure reliever is a home inspection. A home inspection is almost like purchasing a car insurance prior to purchasing the car.
An inspector does a physical inspection of the structure and systems of the home. They check the electrical outlets, check each sink and faucet to find any leaks, they will check the ac system amongst many other things. After the inspection, the inspector should provide a summary report that notes repairs that are found along with a full report that is broken down with each component of the home. The components include the foundation, walls, ceilings, floors, windows, doors, heating and air systems, plumbing (interior), electrical systems and the roof. To assure that you understand the report and anything noted, I advise all my buyers to be present at the inspection. Its easier to address questions and concerns while you are there.
The amount for an inspection ranges, by sq ft of the home, region and of course the inspector.
When you are ready for your inspection you can ask your agent for a referral list of inspectors or go to your local merchant circle site to locate an inspector. You can also ask friends and family if they have used someone in the past who they would recommend.
If you want to check for mold, termites or other speciality issues, you will have to hire a specialist to come and inspect the home. home.
Should I get a home inspection? I say absolutely yes. The home inspection can prevent future major expenses; your home is a hugh investment therefore you have to do the preliminary steps prior to making that commitment. Also, remember that there is a "inspection contingency" period therefore after the inspection you can request the seller make the repairs or you can cancel the contract.
To close out, Yes, yes, yes, get a home inspection prior to closing on your home.
Ainsley Daux
Florida Realty
(813)546-1954
An inspector does a physical inspection of the structure and systems of the home. They check the electrical outlets, check each sink and faucet to find any leaks, they will check the ac system amongst many other things. After the inspection, the inspector should provide a summary report that notes repairs that are found along with a full report that is broken down with each component of the home. The components include the foundation, walls, ceilings, floors, windows, doors, heating and air systems, plumbing (interior), electrical systems and the roof. To assure that you understand the report and anything noted, I advise all my buyers to be present at the inspection. Its easier to address questions and concerns while you are there.
The amount for an inspection ranges, by sq ft of the home, region and of course the inspector.
When you are ready for your inspection you can ask your agent for a referral list of inspectors or go to your local merchant circle site to locate an inspector. You can also ask friends and family if they have used someone in the past who they would recommend.
If you want to check for mold, termites or other speciality issues, you will have to hire a specialist to come and inspect the home. home.
Should I get a home inspection? I say absolutely yes. The home inspection can prevent future major expenses; your home is a hugh investment therefore you have to do the preliminary steps prior to making that commitment. Also, remember that there is a "inspection contingency" period therefore after the inspection you can request the seller make the repairs or you can cancel the contract.
To close out, Yes, yes, yes, get a home inspection prior to closing on your home.
Ainsley Daux
Florida Realty
(813)546-1954
Thursday, December 8, 2011
Is Florida's housing market bouncing back
U. S. economists: Fla.’s housing market bouncing back
According to Chief Economist Dr.John Tucillo Floida is in a mini-recovery. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.”In fact, Florida homes today may be undervalued, Tuccillo added. “That may seem like a drastic statement,” he said. “But a buyer who plans to own the home for five to seven years can get some great bargains today.
Working predominately with buyers, I have noticed the lack of iventory especially with bank owned homes. I have also noticed multiple offers on propeties and even noticed properties under contract the first day on the market. As the unemployment rate drops and lenders reduce lax there criteria, I believe will have more prospective buyers. I truly belive purchasing a home is still the "american dream" and many american want to own a home.
"Mark Vitner, senior economist at Wells Fargo in Charlotte, N.C., said the U.S. economy will continue to face significant challenges, particularly financial concerns related to the European debt crisis. But he expects the U.S. economic recovery will continue next year, making it easier for Midwesterners, for example, to buy Florida homes.“Florida’s economy is recovering, with tourism and healthcare leading the way,” Vitner said. “International tourism has been particularly strong in Miami and Orlando.”Looking around the state, Vitner said Jacksonville’s unemployment rate has dropped and home prices are stabilizing. In Orlando, prices have not yet reached bottom, he said, but the winter tourism season should help the regional economy. Tampa and Southwest Florida have seen solid job growth, with little new home construction. South Florida’s economy is growing thanks to trade relationships with Latin America and the Caribbean, while in the Panhandle, Fort Walton Beach is outperforming Panama City and Pensacola, according to Vitner.Dr. Lawrence Yun, chief economist for the National Association of Realtors®, said many Florida markets are showing sharp drops in inventories of homes for sale – a sign that demand is picking up and prices are stabilizing. “That’s a major change from just a year ago,” he said. “Buyers have stepped back into the Florida market.”Noting the state’s powerful appeal to international buyers, Yun said he was particularly optimistic about the outlook for South Florida. “Don’t be surprised to see a gain in home prices in the Miami and Naples markets in the next 18 months,” he said. “From there, the recovery is likely to roll northward to Central Florida and then North Florida.”Tuccillo noted that foreclosed and distressed properties will remain a significant part of the Florida market in 2012, but lenders are feeding these properties into the market at a gradual pace rather than pushing them out all at once.
Ainsley Daux
Lic FL. Realtor
FLorida Realty
(813)546-1954
According to Chief Economist Dr.John Tucillo Floida is in a mini-recovery. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.”In fact, Florida homes today may be undervalued, Tuccillo added. “That may seem like a drastic statement,” he said. “But a buyer who plans to own the home for five to seven years can get some great bargains today.
Working predominately with buyers, I have noticed the lack of iventory especially with bank owned homes. I have also noticed multiple offers on propeties and even noticed properties under contract the first day on the market. As the unemployment rate drops and lenders reduce lax there criteria, I believe will have more prospective buyers. I truly belive purchasing a home is still the "american dream" and many american want to own a home.
"Mark Vitner, senior economist at Wells Fargo in Charlotte, N.C., said the U.S. economy will continue to face significant challenges, particularly financial concerns related to the European debt crisis. But he expects the U.S. economic recovery will continue next year, making it easier for Midwesterners, for example, to buy Florida homes.“Florida’s economy is recovering, with tourism and healthcare leading the way,” Vitner said. “International tourism has been particularly strong in Miami and Orlando.”Looking around the state, Vitner said Jacksonville’s unemployment rate has dropped and home prices are stabilizing. In Orlando, prices have not yet reached bottom, he said, but the winter tourism season should help the regional economy. Tampa and Southwest Florida have seen solid job growth, with little new home construction. South Florida’s economy is growing thanks to trade relationships with Latin America and the Caribbean, while in the Panhandle, Fort Walton Beach is outperforming Panama City and Pensacola, according to Vitner.Dr. Lawrence Yun, chief economist for the National Association of Realtors®, said many Florida markets are showing sharp drops in inventories of homes for sale – a sign that demand is picking up and prices are stabilizing. “That’s a major change from just a year ago,” he said. “Buyers have stepped back into the Florida market.”Noting the state’s powerful appeal to international buyers, Yun said he was particularly optimistic about the outlook for South Florida. “Don’t be surprised to see a gain in home prices in the Miami and Naples markets in the next 18 months,” he said. “From there, the recovery is likely to roll northward to Central Florida and then North Florida.”Tuccillo noted that foreclosed and distressed properties will remain a significant part of the Florida market in 2012, but lenders are feeding these properties into the market at a gradual pace rather than pushing them out all at once.
Ainsley Daux
Lic FL. Realtor
FLorida Realty
(813)546-1954
Wednesday, April 13, 2011
Should I buy or rent a home
Should I buy or Rent a home Today alone I was this question 3 times “should I buy or rent”…Most real estate professional will tell definitely this is the time to buy…Prices are low and interest rate are at a historical low. Before you what is your objective are you planning to reside in the home for the full duration of the loan, do you plan to relocate in the next few years, how much are you paying for rent? If you break down these pointers into categories it can help streamline your objective. “Planning to reside in the home for the full duration of the loan” If that is case, than is definitely time o buy. As I mentioned above. Prices are low, you can find a great deal on a foreclosure if you don’t mind waiting you can get a great deal on a short sale as well. Normally with the foreclosure and short sale the home will be sold at less than market value which may give you instant equity…With some remolding or even cosmetic work the value can increase..Considering interest rates are historically low with a good credit score should tie a good rate. For instance in tampa the median home price is 175,000 at a 4.5% interesrate your PI is rougly 1100 if that is a feasible monthly payment for you and you are paying that amount on a rental property, you may want to consider purchasing a home. Do you plan to relocate in the next few years If you plan to relocate in the next few years I would not advise to purchase now. I think it will be a few years before we see the market stabilize…There is a pretty big inventory of homes, so if you purchase now and plan on relocating in maybe 2 years you will be competing against short sales and other foreclosures… Ainsley Daux Home Run Real Estate inc (813)546-1954
Tuesday, March 22, 2011
Credit Truths and Myths about credit
Truth:
Little experience with credit can make it hard to get approved for a mortgage Lenders will look at credit history first before to deciding if an individual will be approved for a mortgage. In essence an individual looking into purchasing a home should have open and active credit accounts. These credit accounts can include credit cards; line of credit, car payment CD’s etc. make sure at least the minimum balance is paid on time monthly.
Truth:
Some creditors only report to one credit bureauYes that is absolutely true that is one of the reason there maybe a different score with each credit bureau. Also, that is why it is very important to review your credit report annually
Myth:
Paying off your loans early hurts your credit report. When you pay off a loan, your credit history is updated to reflect that and, because it's positive, typically stays on your credit report for 10 years,. (Negative information, such as a delinquency, only stays on your report for 7 years.) I advised a few clients if they paid a loan off try obtain at least a secured credit card to maintain at least 3 open revolving credit accounts.
Myth:
Your credit accounts need to be in your name only to strengthen your history. You can build up your credit history with your parents' help if they are willing to share a credit card with you, for example, or add you a an authorized user onto their accounts. "That's a good starting point.
Ainsley Daux
Home Run Real Estate inc
(813)546-1954
Little experience with credit can make it hard to get approved for a mortgage Lenders will look at credit history first before to deciding if an individual will be approved for a mortgage. In essence an individual looking into purchasing a home should have open and active credit accounts. These credit accounts can include credit cards; line of credit, car payment CD’s etc. make sure at least the minimum balance is paid on time monthly.
Truth:
Some creditors only report to one credit bureauYes that is absolutely true that is one of the reason there maybe a different score with each credit bureau. Also, that is why it is very important to review your credit report annually
Myth:
Paying off your loans early hurts your credit report. When you pay off a loan, your credit history is updated to reflect that and, because it's positive, typically stays on your credit report for 10 years,. (Negative information, such as a delinquency, only stays on your report for 7 years.) I advised a few clients if they paid a loan off try obtain at least a secured credit card to maintain at least 3 open revolving credit accounts.
Myth:
Your credit accounts need to be in your name only to strengthen your history. You can build up your credit history with your parents' help if they are willing to share a credit card with you, for example, or add you a an authorized user onto their accounts. "That's a good starting point.
Ainsley Daux
Home Run Real Estate inc
(813)546-1954
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