Dan Gil's Blog
Before you even start the home search, research is key. There are a few areas that you should look closely at in every home that you’re touring in order to make an informed decision about each property and your future in it.
Check The Foundation
When you’re walking around the home, note creaky floors, cracks in the walls, and water drainage issues. Maybe you won’t even be able to see if the foundation has any cracks in it or not with your own two eyes. A certified home inspector will, however, be able to tell you what is happening on the property. Cracks in the foundation or major foundational damage can be incredibly costly to you as a homeowner. You’re going to want to know about these issues ahead of time.
Do Some Investigating
Taking a walk around your desired neighborhood can give you a lot of valuable information. You may be able to talk to neighbors who will give you a bit of information about a property. Even wandering around the neighborhood or attending yard sales can help you to see what’s going on, if you can see yourself living there, and if there are any major issues that you should be aware of.
Sellers prefer to sell a home to a buyer who they like. if you see that you have something in common with the seller like the fact that you’re both veterans, you should send a letter along with your offer to let the seller know your connection. It’s also helpful to send an offer letter that lets the seller know how much you love the house and that you can see yourself living in the home. It never hurts to add a personal touch to a home offer.
Keep Your Options Open
Just because a home doesn’t consist of the modern decor you picture yourself living in, doesn’t mean it can’t be changed. If a home happens to be older with less present-day decor in it, be sure to keep an open mind as to the potential that the home has for you.
Make A Strategic Offer
We know that prices that end in 9 are a bit more attractive to the psyche than prices that end in a flat zero. If the asking price for a home is $310,000, you may be tempted to offer $320,000 to shell out the competition, but you may be better off offering an odd number like $312,000. Sometimes a small difference makes a big impact in the eyes of the buyer. Work with your realtor to see if a home you’re interested in has any other offers. Your agent can help you to find a good price point for your offer as well.
For those who enjoy the thrill of riding roller coasters or the serenity of sitting at the top of a Ferris wheel, Florida is a can't-miss destination. In fact, luxury homes are available near some of the top Florida amusement parks, such as:
1. Disney World
The home of Mickey Mouse, Donald Duck and other unforgettable Disney characters, Disney World brings magic to life.
Located in Orlando, Disney World is the world's premier family vacation destination. It offers dozens of fun, exciting rides and attractions, along with assorted parks that guests of all ages can enjoy.
Of course, if you own a luxury home near Orlando, you'll live just minutes from Disney World. And as a result, you should have no trouble exploring all that Disney World has to offer, any time you choose.
Kids and adults who enjoy constructing Lego environments are sure to appreciate Legoland, a one-of-a-kind, Lego-inspired amusement park in Winter Haven.
Legoland is a thrill-seeker's dream come true, as it features massive roller coasters, water rides and much more.
In addition, Legoland is less than an hour outside of Tampa and Orlando. This means if you purchase a luxury home in the Tampa or Orlando area, you won't be too far from Legoland.
3. Busch Gardens
A Tampa favorite, Busch Gardens offers world-class shows, animal experiences and rides galore.
Busch Gardens boasts 335 acres of land, all of which are filled with rides and attractions. Plus, Busch Gardens hosts special events throughout the year, guaranteeing that guests can enjoy unparalleled experiences whenever they visit.
When it comes to getting to Busch Gardens, there may be no better choice than purchasing a luxury home near the amusement park. That way, you can reap the benefits of owning a deluxe Sunshine State residence that makes it easy to travel to Busch Gardens at your convenience.
Florida may be best-known for its majestic beaches and beautiful weather, but the state's amusement parks also provide plenty of reasons to settle down in the area. Furthermore, the broad array of luxury homes available in Florida ensures that you can instantly discover a top-notch house near any of the aforementioned amusement parks.
Lastly, if you need help searching for a luxury home in the Sunshine State, you should reach out to a local real estate agent.
A real estate agent helps luxury homebuyers streamline the process of acquiring a first-rate residence. This housing market professional will set up luxury home showings and keep luxury homebuyers up to date about new residences as they become available. Perhaps best of all, a real estate agent works for you and will do everything possible to help you minimize stress throughout the homebuying journey.
Don't leave anything to chance as you kick off your search for a Florida luxury home near one of the state's top amusement parks. Contact a real estate agent today, and you can begin your search for the perfect Sunshine State luxury home.
Credit plays an important role in your ability to secure a home loan and to qualify for a low-interest mortgage. However, many first-time homebuyers aren’t aren’t sure about the exact relationship between credit scores and mortgages.
This doesn’t come as much of a surprise considering the many factors that go into your credit score and into your lender’s decision to approve you for a mortgage. So, in this article, we’re going to cover three commonly asked questions that homebuyers have about credit scores and how they’re used by mortgage lenders to determine your eligibility for a home loan.
Will my credit score go down if I check my credit report?
If you’re thinking of buying a home in the near future, one of the first things you’ll want to do is check your credit. However, if you’ve heard that some credit inquiries briefly lower your credit score you might be hesitant to find out.
This common misconception stems from the fact that taking out new lines of credit results in a temporary decrease in your credit score. The difference between checking your credit and a credit inquiry is simple: a credit check you can access for free online through a service like Credit Karma, whereas a credit inquiry is performed by a lender or creditor with whom you’ve applied for credit.
In short, checking your credit score online won’t affect your score. In fact, the major credit bureaus are required to allow you to check your credit for free once per year.
Can I get a loan with low credit?
Increasing your credit score is a lengthy process that requires careful financial management. Many people who have had difficulties paying off bills, loans, and credit cards will have to rebuild their credit. Or, if you’re young and don’t have a diverse history of credit payments, you’ll be starting from scratch to build your score.
If you’re hoping to get an FHA (first-time homeowner loan), the lowest your score can be is 580. However, that doesn’t mean you should always take a loan with a low credit score. When you don’t have a good credit history, lenders will seek other ways to guarantees their investment. This comes in the form of higher interest rates or PMI (private mortgage insurance) which you’ll have to pay on top of your monthly home insurance and mortgage payments.
Will applying for a home loan affect my credit?
Simply stated, yes. However, applying for a loan or get preapproved is considered a credit inquiry and won’t leave any lasting negative on your credit score. Making several inquiries within a short period of time, however, can significantly lower your score, so choose your inquiries wisely. And, be sure to monitor your credit score on a monthly basis so you have an idea of where you stand along the road to applying for a home loan.
Buying a home should be a fun, exciting experience, one that ends with you moving into your dream residence. However, problems sometimes can arise that prevent you from accomplishing your ultimate goal.
No homebuyer should be left in the dark, especially when it comes to navigating a competitive real estate market. Lucky for you, we're here to help you kick off your homebuying journey on the right foot.
Now, let's take a look at three tips to help you launch a successful homebuying journey.
1. Know Your Homebuying Budget
You know that you'd like to buy a house, but how much can you afford to pay for a residence? With a homebuying budget in place, you can determine exactly what you can afford.
Getting pre-approved for a mortgage enables you to enter the real estate market with a budget in hand. Many credit unions and banks are available nationwide, and each lender is happy to provide details about a wide range of mortgage options. That way, you can select a mortgage that matches your finances perfectly.
Also, don't forget to consider the costs of utilities when you budget for a home. And if you need to commute to work or school, you may want to consider your transportation expenses as well.
2. Examine the Housing Market
The housing market usually features a large collection of high-quality houses. Take a look at some of the houses that are currently available, and you can better plan for your homebuying journey.
For example, if there is an abundance of homes available in a city or town where you'd like to live, now may prove to be the ideal time to enter the real estate market. The sheer volume of residences indicates a buyer's market may be in place, so you might be able to boost your chances of acquiring an exceptional house at a budget-friendly price.
On the other hand, if homes are selling quickly in a particular area, it likely means a seller's market is in place. As such, you will need to be aggressive if you want to secure your dream residence at an affordable price.
3. Consult with a Real Estate Agent
The homebuying journey can be daunting, particularly for those who are interested in purchasing a house for the first time. Fortunately, a real estate agent can help you seamlessly navigate the homebuying journey.
A real estate agent possesses comprehensive housing market experience. He or she can share real estate insights with you to ensure you can purchase a great house that meets or exceeds your expectations.
Furthermore, a real estate agent will keep you up to date about new properties, set up home showings and negotiate with home sellers on your behalf. And if you ever have concerns or questions, a real estate agent can respond to them immediately.
Ready to make your homeownership dreams come true? Use the aforementioned tips, and you can enter the real estate market as an informed homebuyer.