Author Archives: April Jones Sell Homes

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First Time Home Buyer Assistance

There are funding available to assist a first time home buyer with down payment and or closing costs assistance towards a home purchase.

In qualifying for a First Time Home Buyer program,

1.  Must not have own a home in the last three years.

2. Be employed and provide last two or three years of tax returns

3. Provide most recent two month of paystubs

4. Provide current bank statement for all assets accounts(checking, savings, IRA)

5. Must be credit worthy ( decent credit score of 620 or better)

6. Must be able to contribute up to 1% of the purchase price (Sales price of $150,000 x 1% =$1,500)

7. First time home buyer must meet the income guidelines for the program according to household size

8. Attend a first time home buyer class and received a certificate of completion

9. Be pre-approved with approved lender

10. Work with a Realtor that specialize and help with first time home buyers

County Funding available

City of Miami First Time Home Buyer assistance : from $55K to $95K
City of North Miami First Time Home Buyer assistance: from $10K to $20K
Miami Dade County/PHCD: from $30K to $80K
Miami Dade County/MDEAT/MMAP from $4,750 to $7,250
HOPE FUNDS $8,000 ( can be use in Miami Dade and Broward County)
BOND FUNDS $7,500 for First time home buyers ( Statewide)

Neighborhood Stabilization Program funds available

City of Miami Gardens–  funds for down payment assistance is up to $20,000.00, $ 10,000.00 in a form of a forgivable loan the other $ 10,000.00 is repayable at $27.78 a month for 30 year interest free.

Miami Gardens list of approved lenders

Income Limits

City of Miramar  – up to $60,000 to buy a  pre-foreclose or distressed property withing the City Target area in  Miramar

Application for Housing assistance

Talk with a Realtor specialist for first time home buyers for your area of interest.  Funding is available on a first time, first serve basis. Many of these first time home buyer assistance funds are  allocated each fiscal year. If you are ready to make your dream of home ownership a reality, its time to take the necessary steps to do soimage.

 

 


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Luxury Home Buying Tips

Category : Uncategorized

1. Learn the search process.

Many luxury ­homes go unlisted to protect a seller’s privacy. These properties are often found through the Realtor’s personal connections as opposed to the MLS. Check out other online sources. View virtual tour if available

2. Go beyond the photos.

Check the vicinity of the area. See if you can get aerial shot of the neighborhood through Google Earth

3. Work with a local expert.

Work with someone with knowledge of your area of interest

4. Bank on your relationships.

Go to the bank you have a relationship with. They have your portfolio already. They also know what you need to be pre-approved

5. Document everything.

There is more requirements and scrutiny in the high end market. Make sure all paper is filled out correctly and have a source

6. Hire smart, reliable advisers.

A great Realtor won’t make the client’s decisions but will make suggestions. Pay attention to your financial planner and Realtor that you trust. They should agree on what you should be doing and if they don’t, arrange a meeting.”

7. Don’t forget about title insurance.

Must have. It is for your protection

8. Look into the future.

Be aware of your  surrounding and see what is developed around you. Have a definite time line in mind. You don’t want to tie up your funds for a long period of time

9. Stay with your preferences.

This is a valuable investment and you deserve to get what you want and can afford

10. There’s room to negotiate.

Make sure your Realtor search comparable properties to make sure you get the best offer and all your money can buy


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Greetings South Florida

Category : Uncategorized

Owning your first home is an amazing feeling. An investment in Real Estate is well worth it. We are in a market where it is a good time to buy and an opportunity if you need to sell.


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