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Home Buying in Fort Lauderdale : Real Estate Advice

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  • Local Info112
  • Home Buying501
  • Home Selling45
  • Market Conditions58

Activity 596
Wed May 3, 2017
Jody Chandler answered:
There are conventional loan programs that allow you to put 3% down based on income eligibility, if you are a first time home buyer you may also be eligible for 3% down regardless of income. The best thing to do is speak to a lender first, getting pre-approved will put you ahead of the game when it comes to shopping around for your new home. I am a loan officer licensed in Florida and the housing market there is hot. If you do find your dream home you should be ready to make an offer and have a pre-approval letter ready. Speaking with a lender first will also help you to understand how much your new monthly housing expense will realistically be. You want to make sure that after property taxes, homeowner's insurance, and mortgage insurance, you are comfortable with the monthly payment for the price range you are looking in. In regards to closing costs, these can be paid by the seller (how much depends on loan program and purchase price) a lender can also help guide you as to how much of the closing costs can be paid by the seller. When you make an offer include "x amount to be paid by seller towards closing costs" to minimize your cash out of pocket at closing. ... more
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Thu Mar 30, 2017
Marsha Umansky answered:
Is your Lender OK with it, or you are buying cash? Anyway, there are companies that specialize in taking care of permit issues. If interested in details, let me know.
Best luck,
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Tue Mar 21, 2017
Irma Hernandez answered:
in a typical home sale there are two involved in the transaction?
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Fri Mar 17, 2017
Wes1066 answered:
I own a very nice one bedroom co-op in Ft. Lauderdale, bought it with cash at a very low price. Complex is very well managed, financially very sound. You need to weigh the pros and cons of co-op and condo ownership. Condos can be rented out to anyone, so you never know who might become your next door neighbor. If you have a dog or dogs, or cats, buy a condo. There are lots of restrictions in co-op ownership but I have no objection to them. Co-ops don't go up in value as much as condos but I'm not interested in that. I didn't buy my co-op as an investment. I bought it as a second home whenever I want to use it. ... more
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Fri Mar 10, 2017
Carmela Harboldt answered:
No Earnest Money, No skin in the game!

Good Luck with that!

Wrong Market, wait till the bottom falls and everyone is desperate to sell to anyone willing to make an offer. Even than you would want something to assure you that a buyer has something to loose if they string you out and don't perform on their contractual obligations.

Cammy Harboldt - RE/MAX Integrity - Grants Pass Oregon - 541-761-9552
... more
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Wed Mar 8, 2017
Jonathan Klurfeld, Esq. answered:
Well you need to decide buy or rent. If renting it wont matter much as you are only there for a year and can leave. If buying contact a realtor who can look up the stats, or Zillow is pretty good with school ratings on each property. ... more
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Sat Mar 4, 2017
Paul Carraro answered:
All condominium or HOA information is ultimately the responsibility of the seller and any seller's agent to give to you and to your agent as buyer. If the sellers don't have that information available, it is THEIR responsibility to obtain the information in full for you as the buyer. If there is a sales application from the condo association for new buyers, it is your responsibility to complete the application but the seller's responsibility to provide you the correct and current form. What you do from there with the information given to you is your responsibility as the buyer. Many top agents in Florida know the ins and outs of buying in certain homeowner associations or condos, so make sure to read the documents carefully and note the restrictions and assessments. Do not buy the line, especially if coming from a seller or a seller's agent, that something in the document will not be enforced. Most of the time what is in the documents will be enforced and in the end you will be dealing with the situation as an owner and not the seller. For top agents to assist you in Fort Lauderdale or Orlando, our licensed real estate company specializes in helping clients to connect for no charge. Go to my website for more details, and please let me know for any questions. ... more
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Fri Feb 17, 2017
Chad Gray answered:
Thanks for sharing the email Angel. The reply email address seems suspect.

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Wed Feb 1, 2017
Paul Carraro answered:
Hello Kettygil. A top local real estate agent who works in Fort Lauderdale and in the nearby areas can assist you and sort through all the information online for you. Having lived in Florida myself, I can share also that a top local agent can make a world of difference in your search for your new home. Our licensed real estate company specializes in helping clients connect with top agents in any market, including in Florida, and there is no charge for our service. Go to my website for more details, and please let me know for any questions. ... more
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Fri Jan 20, 2017
Monika asked:
FL or AZ Please contact me if you know anyone who deals with hard money/private lender financing. I need to obtain this type of financing for approximately 6-7 years. Looking to purchase…
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Thu Jan 12, 2017
Five Stars answered:
5% down payment is permitted. Stand alone single loans, or combo loan structures with no mortgage insurance. Let us know if we can help - see the provided reference link for a complete list of Jumbo program requirements. ... more
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Thu Dec 29, 2016
Jonathan Klurfeld, Esq. answered:
If you need assistance feel free to contact us as we work the Borward and Palm Beach areas and have access to the MLS properties to narrow down your search. We are also real estate attorneys.

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Wed Dec 28, 2016
Laurie Richter Spector JD answered:
Hi! I can tell you first hand because I'm in the process of doing the same thing (except in Rio Vista). I'm happy to share my experiences with you - as well as architect, GC, owners rep, designer, etc. We are paying just south of $300/sq ft (interior finished feet). This will include a new dock, seawall, pool and pilings. Call or text me anytime 954.608.7104 ... more
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Wed Dec 21, 2016
Choples1981 answered:
Hi Martha do you speak Spanish. I live in Arizona I'm looking for a loan for buy a mobile home new. If you can send me a email.. thanks
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Thu Nov 17, 2016
Paul answered:
There are lots of important steps you can take on own to insure you are fully educated on financial aspects of ALL REAL COSTS of Homeownership that will enable you to make a smart investment section about a particular house or condo. Use to learn about analyzing house purchase price, closing costs, Appraisal, Attorney Fees, mortgage financing/points,
+ Bank Approval Process(how much can I afford with X $ amount as downpayment), RE Taxes + Title Costs, Transfer Taxes, RE Broker commissions, etc. As this will probably be your biggest $ investment in lifetime, good idea to be as informed as possible. is easy to use/understand, educational and in-depth.
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Tue Oct 4, 2016
Mel answered:

There are several options for residents of Broward county for either down payment assistance (if you qualify) or a lower down payment. This realtor knows about the different programs and has gone through the process so he knows exactly what you need to do. Give him a call and see. Good luck!
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