Page copy protected against web site content infringement by Copyscape

Everything you need to know to make
buying your new home easy and affordable:

 

How Do We Work With You, The Buyer?

Please click here

 

Why Buy?

Ø      Tax deductions benefits

Ø      Stable housing cost

Ø      Future appreciation of the property

Ø      Equity gain

Ø      Control of your property

Ø      "Forced saving"


Renting vs. Buying
Please click here 

Are You Ready To Buy?

Ø           Do you have a steady income?

Ø      Do you pay bills on time?

Ø      Is  your debt low to medium ?

Ø      Do you have adown payment available?

Ø      Do you have available closing cost money?

Ø      Do you have the ability to pay back the mortgage?

Ø      You can buy even without great credit (at a somewhat higer interest rate)

 

What Type Of Home is right for you?

Ø      Type of community?

Ø      New home?

Ø      Resale home?

Ø      Handyman Special?

Ø      Features

Ø     Bedrooms

Ø     Baths

Ø   Pool, Garage, etc.

 

How Much Home Can You Afford?

Ø      Housing costs less than 29% of gross income

Ø      Housing costs & debt no more than 36% of gross income

Ø      Consider special loan programs

Ø      Get pre-approved or pre-qualified for your loan

 

Why Be Pre-Approved?

Ø      You know what you can afford before you begin to shop

Ø      Shows sellers you are serious about buying

Ø      Can make an offer as soon as you find the home you want to buy

Ø      In case of multi-offers, your position will be stronger than the other buyer (as good as a cash buyer)
 

Documents needed For Pre-Approval:

Ø      Pay stubs (2-3 months)

Ø      W-2 forms or 1099 forms (2 years)

Ø      List of long term debt

Ø      Recent bank statements (3 months)

Ø      Tax returns (2 years)

Ø      Proof of any additional income

 

Fixed Rate Mortgage

Ø      Payments remain the same

Ø      15 or 30 year repayment terms

Ø      Advantages:

Ø     Predictability

Ø     Insurance against rising interest rates

 

Adjustable Rate Mortgage

Ø      Payments increase or decrease on a regular schedule with interest
 rate changes

Ø      Increases are subject to limits (Caps)

Ø      ARM are linked to specific index or margin

Ø      Advantages include a low initial interest rate with lower monthly
 payments

 

15 vs. 30 Year Mortgage

Ø      30-Year3: In the first 23 years of the loan more interest is paid than
 principle, affording a larger tax deductions.

Ø     15-Year3: Loan is generally at a lower interest rate and equity is built faster because early payments pay more to the principle.

 

Special Programs Available:

Ø      First time buyer

Ø      No down payment

Ø      Interest only

Ø      100% Financing

Ø      Stated income

Ø      Less than perfect credit

Ø      Heavy debt burden

Ø      Irregular income or self employed

 

Credit Scores

 

Ø      The minimum credit score to acquire a standard mortgage is 620

Ø      The higher the credit score, the better the interest rate

 

How Meir Aloni CRS & Team Can Help

Ø      Guide you through the process of buying or building a home

Ø      We know Broward County

Ø      Provide you with lists of homes that meet your requirements

 

How Meir Aloni CRS & Team Can Protect You

Ø      Seller is represented by the listing Realtor

Ø      Listing Realtor is bound to protect the seller

Ø      As a Buyer´s Agent, we will be bound to protect and represent you, The Buyer

 

How to Begin Looking For A Home

Ø      Get pre-approved

Ø      Complete a list of must haves

Ø      Picture your furniture in the property: will it fit?

Ø      What amenities do you want?

Ø      Look at the state of repair or disrepair

Ø      Ask us to point out the pros and cons of each home you view

 

What To Do When You Have Found The Home You Want:

Ø      We will prepare a CMA (Comparative Market Analysis) of recent 
 sales in the neighborhood

Ø      You can then determine the amount you are willing to offer

Ø      You will decide how much earnest money you will put in escrow

Ø      We will then prepare an offer contract in writing to be signed by you
 and presented to the seller/s

 

Determining The Amount Of The Offer

 

Ø      What are comparable homes selling for?

Ø      What is the home´s condition?

Ø      How long has the home been on the market?

Ø      What are the financing terms?

Ø      What is the seller´s situation?

Ø      Rely on advise from us to guide you through the process

Ø      Be Prepared to negotiate

 

About The Earnest Money

Ø      Usually between 1%-5% of the purchase price (in a war of bids, the more the better for you)

Ø      If your offer is accepted, earnest money becomes part of your down payment and/or closing costs

Ø      If offer is rejected, the earnest money is returned to you

Ø      If you back out of the deal, you could forfeit the earnest money

             (see contract terms)

 

Making the Offer

 

Ø      We, as your Realtor® and buyer´s agent, will assist you in making the offer, which will include:

Ø     Legal description of property

Ø     Amount of earnest money

Ø     Down payment and financing details

Ø     Proposed closing date

Ø     Price you are offering

Ø     Length of time you offer is valid

Ø     Details of the transaction

The Home Inspection

Ø      Your offer will be contingent upon a satisfactory home inspection

Ø      A Professional Inspector will evaluate the safety and condition of the
 home

Ø      Items include: Structural, Electrical, Plumbing, Mechanical Air &
 Heat, Pool, Roof, Windows, Doors and Appliances


 Home remodeling: Pick renovations that pay off
Please click here

Closing Costs Include:

Ø      Property taxes (pro-rated)

Ø      Interest (if applicable)

Ø      Loan origination fee (if applicable)

Ø      Recording fees

Ø      Survey fee

Ø      Credit Report fee

Ø      Appraisal fee

Ø      Homeowners insurance

Ø      Mortgage insurance (if applicable)

Ø      Title insurance for mortgagee

Ø      Loan discount points (if applicable)

Ø      Tax and insurance escrow accounts

Ø      Documentation prep fees

 

On Closing Day

Ø      Present your receipt for homeowners insurance

Ø      Closing agent will list money you owe seller and money seller owes you

Ø      Seller will provide proofs of any warranties or inspections and repairs

Ø      You will have documentation for your loan/mortgage explained to you and you will sign on the dotted line

Ø      You will pay all closing costs and receive a settlement statement from the closing agent

Ø      The deed will be recorded and sent to you (within six weeks)


Something to think about..... 

ARE YOU STILL WAITING?

I hesitate to make a list
Of all the countless deals I've missed.
Bonanzas that were in my grip -
I watched through my fingers slip:
The windfalls which I should have bought
Were lost because I over thought:
I thought of this, I thought of that,
I could have sworn I smelled a rat.
And while I thought things over twice
Another grabbed them at the price.
It seems I always hesitate,
Then make up my mind much too late.
A very cautious man am I
And that is why I never buy.

How Nassau and how Suffolk grew!
North Jersey! Staten Island too!
When others culled those sprawling farms
and welcomed deals with open arms -

A corner here, ten acres there,
Compounding values year by year,
I chose to think and as I thought,
They bought the deals I should have bought.

The golden chances I had then
Are lost and will not come again.
Today I cannot be enticed
For everything's so overpriced.
The deals of yesteryear are dead:
The market's soft-and so's my head.

Last night I had a fearful dream
I know I wakened with a scream:
Some men approached my bed -
For trinkets on the barrelhead
(In dollar bills worth twenty-four
And nothing less and nothing more)
They'd sell Manhattan Isle to me,
The most I'd go was twenty-three
Those men scowled: "Not on a bet!"
And sold to Peter Minuit.

At times a tear drop drowns my eye
For deals I had but did not buy:
And now life's saddest words I pen
"If only I'd invested then!"

- from Farm and Land Realtor Magazine, October, 1917


                Congratulations! You are
              now a Homeowner!!

 

My Credentials*** Please click here for full details ***

 

Serving Broward County since 1985

I'm a CRS (member of Council of Residential Specialists). Only 1 out of 20 Realtors earned this PhD of Real Estate degree! Click below for details

Member of the Greater Fort Lauderdale Association of Realtors®
Member of the Florida Association of Realtors®
Member of the National Association of Realtors®




 

For All Your Real Estate Neeeds, CALL

Meir Aloni CRS & Team

ALL STAR Realty Inc

Direct # (954) 572-1529

Toll Free # 866-320-8776

 

http://www.WeSellBroward.com

mailto:CRS@MeirAloni.com

 

               Call Meir and start packing!

 
For detailed information on buying a home or property, please complete the form below describing the type of home you are looking for. I will get back to you as quickly as possible with your results!
 
1
Area Selection:
   
 
2
Housing Information:
    Price range
Type of home?
Size of home?
Bedrooms?
Bathrooms?
Desired school nearby?
Age of house?
When to purchase?
Need to sell your present home?
Prequalified by a lender?
More information on financing
 
3
Contact Information:
    Your name*
  Your e-mail address*
  Your phone number*
  What is the best time to contact you?
  What would be the best time(s) to reach you?
 
Are you currently working with another REALTOR®? Yes No
Please mail me a personalized MLS list of homes in my range. Note: Be sure to fill out below the mailing address information to receive the MLS list!
    Postal Address
  Zip
  Any extra comments, or specifics you would like to add:
   
 

By submitting this form with your telephone number you are consenting for this website's authorized representatives to contact you even if your name is on the Federal "Do not call List"

Thank you for submitting your information. We will be in contact with you by phone or email.