Posts Tagged ‘Miami’

Real Estate: Florida Real Estate

March 22nd, 2010

“Florida is where the sun shines”- you must have heard this several times. Moderate/warm climate, famous beaches and entertainment venues really make Florida real estate very attractive. So that means Florida real estate or buying a house in Florida is really good for someone who wants to escape the vagaries of weather elsewhere in America and also add to his/her enjoyment through the Miami beach and Orlando theme parks.

However, Florida real estate is also attractive for real estate investors i.e. people who would like to treat Florida real estate as an investment avenue for making profits. With the property prices rising as much as 25%, Florida real estate makes investment sense too. That is one reason why Florida real estate is so sought after. If you wanted to look for a really good deal in Florida real estate, you should start with looking for places that are still in their development phase i.e. places where the real estate prices are not so high but are expected to go up in the years to come. This is generally a good option for people who are looking to pick up Florida real estate as an investment option.

This is also good for people who are looking for Florida real estate or a house in Florida to live in by themselves but don’t mind a bit of inconvenience that is generally associated with a newly developed (rather developing) area. As far as looking for Florida real estate listings is concerned, you first need to decide on what location in Florida is suitable for you. Again, this will depend on your reason behind going for Florida real estate. If you are going for Florida real estate purely for investment purposes (i.e. you don’t actually want to live in there), then you should really be looking for places where the prices are significantly low but are rising or expected to rise in near future. One indication for expected price rise is the influx of a lot of businesses in the area.

Industry/business generally propels development in the area and hence causes the real estate prices to go up (and that would be true for Florida real estate too). Of course, distress sales, public auctions, bank foreclosures are like evergreen opportunities that are available in any place at any time and you should always explore them. If you are going for Florida real estate for personal use, then you would be looking at a number of different factors which would basically be related to your convenience and quality of life.

So Florida is where the sun shines and that is also making Florida real estate shine.

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Top 10 Reasons to Invest in Preconstruction Real Estate

March 21st, 2010

Real estate especially residential real estate make a great investment one that provides excellent returns on income and can provide continuous income year after year. There are a number of ways to get into investing in real estate but preconstruction real estate is one of the fastest growing with some of the fastest and highest returns.

There are any number of reasons why investing in preconstruction real estate is something to seriously consider. Preconstruction condominiums are some of the hottest pieces of preconstruction real estate on the market today. You can find them just about anywhere, Miami, Las Vegas and more recently Myrtle Beach. All of these locations and more are experiencing a preconstruction real estate increase do to the higher demand for housing in these areas. Myrtle Beach is one of the newest hot spots on the market and so prices there are some of the lowest when it come to preconstruction real estate.

The first reason why preconstruction real estate is something to consider as a smart way of investing is lower initial prices. Preconstruction real estate usually has a lower initial value than what the condominiums or property will be worth after it has finished. This allows you to place yourself in a position to make a considerable return on your investment. Depending on the terms of the contract you may have to hold on to the property for a while after it is built however, by renting that property, you not only gain a monthly income off your investment. At the end of the term if you sell the market usually will have shown some appreciation meaning you can earn additional amounts from the sale.

Higher returns – Because of the lower prices and the increasing demand for housing means that your return could be higher than if you purchased and invested in post construction real estate

Getting in on the ground floor – If you are going to invest than the best time to do it is at the beginning. That is usually when the best deals are offered and you usually end up with a greater opportunity at a much lower price.

Faster returns – The great demand for condos in prime locations means that you don’t have to wait nearly as long to see a return on your investment than if you purchased a home or property post construction. It is usually easier to rent or sell a never lived in condominium or home that it is to sell one that is older. At least if you are looking to make a solid and decent return on your investment.

Instant Equity – One of the best benefits of getting into preconstruction real estate is that you get the opportunity of instant equity. This means you do not have to wait a year or two for your investment to show a return on equity it does it right away from the time you start and sign the deal.

Incentives – There are a number of incentives that can usually be had in the preconstruction real estate investment market. Often times a developer will offer extras in order to keep investors or to gain the investors initially. These incentives can greatly increase the value of the real estate that you are looking to invest in. Some incentives may include upgrades on counter tops, appliances or furnishings. All of these incentives can add to the value of the property and in an area like Myrtle Beach can do a lot to attract new customers and homeowners.

Leverage – Preconstruction real estate especially beach and ocean front offers you control over something with significantly more value than what you initially put in. The contract may only ask for perhaps an initial total of 10,000 but it is worth 270,000 and through the contract, you hold the rights to the property because of the amount you placed in escrow.

Appreciation potential – Preconstruction real estate gives you the opportunity to enjoy market appreciation while the property is being built as well as after it has been constructed.

Market Viability – There are a large number of people getting ready to retire or who are looking to retire and condos are perfect for this group. They are smaller, easy to maintain and are located in some of the best areas in the United States. Making investing in these real estate ventures a smart investment move.

Contractual incentives – While you might get upgrades to your investment on the inside there are another type of incentives that can really be of benefit. For example, having taxes paid on your investment for a set number of years. These are usually separate from cosmetic incentives but can increase the profit you see from your investment.

Investment possibilities include a much as a forty percent profit within 20 months. Let us look at a scenario to see how 250,000 investments can really turn a profit. The developer asks for 250,000 this is due on completion of the project. You place about 10,000 or so in escrow. It is best to place all initial investments in escrow in order to safeguard against the project not being completed. While the project is being built, it appreciates to be worth 270,000 during the twelve months it takes to complete. Once it is completed you rent the place, thereby earning a monthly income and the market appreciates again so that in another 12 months the property is not worth 300,000 or more. If you sell the property, not only do you earn the profit from renting for a year, but you also gain 50,000 on top of the initial investment. If closing costs, and taxes or other fees are included in, the contract from the developer and not your responsibility to pay you could add even more on to your profit.

This is just a basic scenario real estate is an ever-changing market however; preconstruction condos are some of the hottest items on the market and Myrtle Beach one of the hottest locations. This makes your investment in property there a wise, decision all the benefits at half the cost of other locations.

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Miami Real Estate Takes Summer Vacation as More Listings Flood the Market

March 21st, 2010

Miami real estate is on a summer vacation, as more listings are flooding the market this July. Prices have been falling, and contrary to the popular belief of some sellers, they won’t be climbing again anywhere in the foreseeable future.


Hardest hit is the condo market, with more and more apartments appearing on the market for sale each month, and fewer selling. Many buyers, who invested in pre-construction projects, have either been unable to close on condos they purchased, or have had to take losses in order to remain financially solvent.


Most investors have long abandoned the fantasy of buying up condos and flipping them for a quick profit. Those days are gone, and unlikely to return for sometime to come. All of this is not a bad thing, however, because a correction was necessary, albeit few real estate experts thought that it would last as long as it has.


Real estate in Miami is still some of the most desirable real estate in the world, and buying Miami real estate now is a great idea, if you are buying a home or condo to live in, or if you are looking for a long-term investment. Buyers in the Miami area are in the very best position they have been in for many years, to buy property at reasonable prices, and to make offers well below asking prices, and subsequently close deals on properties they would never have been able to buy just a couple of years ago.


To see how things have changed, one needs only to look at the statistics. According to data supplied by the Coral Gables, Homestead-South Dade, Kendall-Perrine, and Northwestern Association of Realtors or their MLS.


In March 2006, there were 7,703 single-family homes for sale in Dade County, which includes Miami, and 1,116 homes sold. According to the latest available statistics.


In May 2007, there were 13,403 Dade County single-family homes for sale, and 612 homes sold. The condo market was similar.


In March of last year, there were 14,761 Dade condos for sale, and 1,371 sold. In May of this year, there were 24,417 condos/town-homes for sale in Dade, with only 785 apartments sold. Foreclosures in Miami-Dade County are high, with 987 residential auctions in the first quarter of this year.


That translates into 127 foreclosures per 1,000 households. The good news is that Miami real estate is becoming more affordable, and with the dollar being so low against the Euro, and other currencies, foreigners who flock to Miami for vacation, will still find both homes and condos to be a great long-term investment. For more information, go to www.alexshay.com

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Miami Real Estate Listings – Selling Your Home in Miami Real Estate Market

March 12th, 2010

 

The real estate in Miami constitutes the most desirable properties in the world. However, if you have decided to sell your home in Miami real estate, there are certain things you need to consider. Selling your home may not be a simple task; thereby you need to appoint a real estate agent to assist you in your venture. Your agent will help you to put up a listing in the Miami Real Estate Market. The following are some guidelines that you need to pursue while listing your property.

 

Introduce your real estate in a reputed realty group that offers listing services in Miami. Complete your real estate listing and provide accurate information. Craft the listing in such a way that it is easy enough to understand as well as tempt your prospective buyer to know more about it.

 

 

You can opt for online real estate listings, as they are one of the best marketing tools these days. You can create stunning online visual portfolios, which will play a vital role in marketing your property. With the help of several technological advances you can allow your prospective buyers to inspect your property from every angle. This will also help you to get buyers from different city and states, willing to buy real estate in Miami.

 

 

Include the basic facts in your listing, such as the area of your property, number of bedrooms as well as the amount of property tax paid. Give a brief detail about the attractive selling points of your real estate, like remodeled master bedroom, large car parking lot, or even its location. Add color pictures of your property to support your written listing.

 

 

Be honest while being factual. It is better not to manipulate the facts as the buyers will not be interested to work with you if your claims are inflated. Moreover, in Miami, not disclosing all the facts about your real estate is against the law.

 

 

 

Facts to check out while listing your real estate in Miami:

 

Place your property in multiple listing services covering all of Miami.

Opt for listing your real estate in national and international commercial listing and analysis database systems.

Organize a detailed value analysis of your property.

Use local newspapers and classified magazines such as Miami Herald, Miami Today, Sun Sentinel, Business Monday, Daily Business Review and South Florida Business Journal for classified and display ads of your real estate.

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The Sarasota Real Estate Market Is Ripe With Opportunities

March 10th, 2010

Sarasota has become a secret hideaway for thousands who flock here from all over the world, to take in the sun, the surf, the white sand, the soft gulf breezes, to sit back, relax in total privacy on beautiful Sarasota real estate on which there are some of the finest custom homes and estates that anyone can buy or build anywhere in the United States. Sarasota is conveniently located close to Tampa, Orlando and Miami and many tourists come to Sarasota and then travel by car to the other cities in Florida, mainly so they can experience the lifestyle in Sarasota and because there is so much to do here in the way of outdoor recreation. Living here, or on one of the beautiful barrier islands, or Key Islands, or in any of the very diverse neighborhoods that are part of Sarasota, is a whole different lifestyle than living anywhere else.

Experiencing Sarasota for a day or a month, or a lifetime is like nothing else. This is a place where only the best of the best goes into a home design and into the ultra fine craftsmanship during construction. In Sarasota, there is no wanting for any type of luxury housing, or any type of luxury anything, whether it be a custom built single family estate sized home, a high rise luxurious condominium located in a upper end complex of exclusively designed and furnished units that feature private spas, pools, fine dining and sophisticated and private bars, chic shops, and balconies overlooking the gulf with sunsets and views to kill for. The contented, tanned, confident, proud and relaxed residents who live, play and enjoy life in Sarasota Florida will tell you

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Why You Need a Local Miami Real Estate Agent

March 5th, 2010

Do you really need a local Miami real estate agent to find a great property?  Can’t you find the latest super deals in the newspaper?  It’s not unthinkable that you would find something of merit in the paper or on the Internet, but experience shows that it’s not likely.  The same ad you are looking at has been read and reread by probably thousands of real estate hopefuls. 

One of the primary advantages of working through a Miami real estate agent is that he or she will give you access to unadvertised deals floating around the Miami area (or beyond).  Real estate agents have access to deals that have just gone on the market, that are unknown to the vast public (after all, not every seller wants to deal with unscreened buyers) and are essentially up-to-the-minute. 

There are other reasons why one might choose to hire a local Miami real estate agent.  First, a professional real estate agent has experience, not only in textbook theory, and not only in real world experience, but also in Miami real estate specifically.  You can count on agents to filter the scam deals out of your serious prospects.  The great thing about real estate agencies is that they get rid of the time wasters and focus on only prime real estate.

Another advantage is that a local Miami real estate agent can give you valuable advice about pricing.  Looking at an advertised sale, you don’t leave much room for price negotiation.  You contact the owner and negotiate individually.  Chances are, the owner has already set a price in his or her mind.  However, when you work with a real estate agent you can count on that agent’s experience and price guidance.  Experienced real estate agents know when a price is inflated or a real “steal” and will help get you the best findings.

Real estate agents are also privy to the newest marketing conditions in the area.  It doesn’t take an expert to know that the economy is in bad shape right now, but it does take a real estate agent to point out the real bargains from the least likely places.  We’re talking real estate from the likes of Jade Beach, Surfside and Trump Palace for half a million dollars! 

If you are serious about investing in a condo for vacationing or business purposes then contact a Miami real estate agency and let them know you’re ready to do business.

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Beachfront Vs Inland Real Estate Ownership in Miami

February 26th, 2010

Miami real estate is one of the fast-selling and sought after pieces of real estate in the market nowadays since it is considered by many to be one of the best places to live or vacation in.

One of the reasons as to why a lot of people would like to invest on a real estate in Miami is because of all the other things that people will be getting when they do decide to purchase a real estate property in Miami. These Miami real estate owners know that they are not only getting the property, but they also get to benefit from all the other things that goes along with the property, such as the pristine beaches and the culture in Miami.

Owning a real estate property in Miami can be a real treat, especially for people who are very much into the whole Miami culture and lifestyle. However, there are a lot of real estate property types to choose from, ranging from condos to hotels. Although there are a variety of real estate properties in Miami, two of the more ideal property types that people can purchase are the beachfront and inland real estate properties. These two property types are very different from each other, though they both offer great real estate properties for potential buyers. In order to be able to decide which one bests suits your taste, you need to know what makes each of these properties unique.

One of the things that make the two property types so different is the aesthetic aspect that these property types offer its potential investors. Of the two, the beachfront real estate properties offer the better aesthetic quality since the property is situated alongside the pristine beaches along the coast of Miami.

These beachfront real estate properties is made more beautiful by the fact that the beaches that made Miami so sought after and popular is the backyard of such properties. All you need to do is look out your window and you can see the beaches that draw such diverse crowds into Miami.

Inland real estate properties, however, though are beautiful in their own right, still cannot match the aesthetic beauty that the beaches add to the different beachfront real estate properties. It is one thing to have a beautiful house with nice amenities in a nice neighborhood, but it is another to have white sandy beaches very close to your home.

Another thing that differentiates these two property types is the level of their appeal or popularity with the different investors and potential buyers of the real estate properties. Beachfront real estate properties are more sought after than inland real estate properties since these beachfront properties are very close to the beaches, which is the major reason for its appeal. Inland properties may be closer to other structures, but people do not wish to live or vacation in Miami because of the malls and the stores in the city. People wish to come to Miami mostly for the beaches.

Although both real estate properties can be used by its owners to earn profit, especially if they do not intend to live in Miami permanently, beachfront properties are still the more popular choice for people who want to rent out condos or houses in Miami, especially for those people who are just vacationing. Vacationers go to Miami for the beaches, and if they are able to live near one, then the better it is for them.

Whatever real estate property you may choose to buy, it is important to remember that these types of properties, especially if they are sought after in the market, may cost you a lot of money if you plan on investing on Miami real estate. However, inland real estate properties tend to be more reasonably priced, as compared with beachfront property types. The high cost of owning a beachfront property is the price that any potential buyer have to pay in exchange for all the perks that goes along with the property.

Vanessa Arellano Doctor

http:/miamirealestateinc.com

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Miami Real Estate – Buying HUD Homes

February 17th, 2010

HUD homes are FHA insured mortgage loans that go into foreclosure. HUD sells these foreclosures in a weekly auction using HUD registered real estate agents. HUD offers huge incentives to sell all HUD homes in their inventory. There is now a program for owner occupants that the down payment is only $100 dollars with some restrictions as per HUD guidelines. There are many other programs available for homeowners and investors. Police officers, teachers, and firefighters get the property at 50% discount in specific Miami real estate areas.

Steps for buying a HUD homes in Miami, Florida

Step 1. Finding a real estate agent – You must use a HUD registered Miami real estate agent in order to buy a HUD home. HUD uses its own contracts and many different forms, addendums and disclosures that the Miami real estate agent must be familiar with.

Step 2. Finding a house – HUD offers a weekly list of available homes for sale. All HUD homes are sold in as-is condition with no warranties. The Miami real estate agent will show the property, provide tax roll info and comparables of recent sales. No open houses are permitted.

Step 3. Placing a bid – You must be pre-qualified and place an earnest money deposit before you can bid on a HUD home. The Miami real estate agent will work with you in preparing all pertinent paperwork in order to help you make your offer. All offers are presented online and are awarded to the highest bidder. HUD will pay up to 3% for closing costs if it is stated in the sales contract. Owner occupants only can bid in the original offer period and then it is opened for investors.

Step 4. Winning the bid – The Miami real estate agent will inform you whether or not you are the winning bidder next the day. If you are the only bidder you win automatically, assuming your net to HUD is within the acceptable percentage. HUD will not publish their guidelines for the minimum price offers they will accept. All completed contracts and forms must be sent within 42 hours of acceptance. Time is of the essence.

Step 5. Obtaining financing – The buyer has 45 days to close. Buyer can pay cash for the property or obtain financing thru an FHA or conventional loan. FHA has many incentives to qualified buyers. HUD will cancel the contract after the 45 days are up and you have not closed for whatever reason. An extension to the contract may be granted but it costs $375.00 per 15 days for sale price over $50,000. Usually only one extension is allowed.

Step 6. Closing – The buyer may choose the bank or mortgage company and title company of their choice. You cannot make any repairs to the property before closing. The title company will notify HUD and buyer of the closing date with at least three days notice. Buyer must bring a cashier’s check to the closing as no personal checks are allowed.

Buying a HUD home in the Miami real estate market is a complicated and detailed process. Be sure the agent knows all the procedures and rules of the HUD homes process as any mistakes made in the contract, forms and or deadline missed will cause your bid to be cancelled and given to the next bidder. The inventory of HUD homes has decreased dramatically in recent years since buyers were not getting FHA loans and were opting for conventional products instead. Recently the FHA loans inventory has picked up and the amount of HUD homes available for sale has been increasing. HUD homes are an excellent opportunity for buyers interested in Miami real estate to buy a home at a discounted price.

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How to Find Foreclosed Home Lists in Miami

February 14th, 2010

The real estate market has never been at such an all-time low for sellers. What with the state of the economy, foreclosures are on the rise, property values declining rapidly, and our nation facing an overall economic meltdown. Is there a positive outcome for anyone these days doing business in the real estate market? There certainly is: that of the real estate savvy investor. If you have some money to spend and don’t mind investing in a property now for a profit later-in a better real estate market and economy-the time is ripe for you to buy. The best place to find a good deal is in a list of foreclosed or soon-to-be foreclosed homes. Many people looking to buy and invest in this market with prices so low struggle with where they should begin looking for foreclosed properties. Below, we give you the best places to look for foreclosed homes.

1. Real Estate Agents- One of the best resources to begin with when looking for a list of foreclosed homes in Miami is your real estate agent. You may think that real estate agents only have interests in regularly priced or even high end homes, but in this market, foreclosed homes are giving them profit when regularly priced ones aren’t yielding hardly any results. Find a real estate agent that has a good working inventory of these types of homes-this may take some trial and error, but it will help you a great deal in your quest.

2. Internet Foreclosure Sites- Another great place to look when trying to find Miami foreclosures, is at a variety of internet foreclosure sites. Be forewarned that because the market is so ripe for people looking for foreclosures, there are a lot of knock-off or scam foreclosure list sites to be wary of. The best way to root out the bad and find the quality lists of foreclosures in Miami is just to do your research. Moreover, know ahead of time, that most foreclosure list sites will request a fee upon signup.

3. Large Bank Websites- Many of the bigwig banks out there have so many foreclosure properties in their possession that they are looking to get rid of, that they put the list up on their bank website. Find a list of the biggest bank names out there, and if they do not offer a list online-give them a call and inquire if there is a public list available.

4. Government Agencies- Government agencies such as HUD, Fannie Mae, SBA, and the Department of Treasury also have a great inventory of foreclosed homes in their possession. Sometimes, it is required that you have some sort of professional representation to gain access to this list-such as a real estate broker or agent, but government agencies offer quite a list of foreclosed properties to start with.

Real Estate Signs- Lastly, a great free and easy way to find Miami foreclosures may just be to drive around looking for real estate signs that say so. These signs will be posted in front of the homes, saying “foreclosed home”, “bank-owned, or something to this effect. Typically, you or your real estate agent will be able to call the number off the sign to gain more details.

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Miami FHA Home Loans -((97% W/530 FICO)) Buying a Miami Home using a FHA Mortgage

February 13th, 2010

 Miami FHA Home  Loans -((97% W/530 FICO)) Buying a Miami Home using a FHA Mortgage

Miami Dade County Mortgage

Providing mortgage solutions for real estate buyers and owners throughout the Miami Dade county area.

Like many home buyers and homeowners looking for a mortgage in Miami and Dade county, 1st Continental Mortgage has weathered the storm and come out stronger and wiser. With a keen focus on core principles and products like the FHA home loan, we’re ready and able to make a broad range of real estate loans throughout Miami Dade County.

Mortgage Programs With Minimal Down payment and Closing Cost

Down payment less than 3% of Sales Price 100% Financing options available Seller can credit up to 6% of sales price towards buyers costs. No cash or bank reserves are required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines

No minimum Credit Score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase 2 year after a Foreclosure.

Apply now at www.FHAmortgagePrograms.com

A Dade County Mortgage Lender with Years of Experience!
Experience counts when choosing a mortgage lender, especially in the current Dade County real estate market where home values have slipped and lenders are scrutinizing loan applications far more closely.

It is especially important for first-time home buyers in Dade County communities like Miami Beach and Coral Gables to work with a knowledgeable, service-oriented, and experienced residential loan expert like the ones at 1st Continental Mortgage. Call today at 1-800-570-0448.

Dade County’s FHA Home Loan Boom

As experts in Dade County FHA loans, 1st Continental home loan specialists have helped first time home buyers in communities such as Aventura and West Miami, FL secure the funding necessary to buy homes.

With low interest rates and a glut of homes on the market in Dade County, it’s an excellent time for renters to become first time home buyers in Miami-Dade communities from Bal Harbor to Virginia Gardens.

Because FHA home loans are government backed, lenders making loans on property in Dade County can qualify buyers who have less than perfect credit so long as they have a stable employment history, have a modest down payment, and meet the other FHA home loan requirements.

In the last 6 months, we have seen record numbers of applications for FHA financing from Dade County from cities like Opa-Loca, Pinecrest, and Miami Gardens.

To learn more about the FHA home loan program or to apply for an FHA mortgage in Dade County cities such as North Miami or North Miami Beach, call 1st Continental Mortgage at1-800-570-0448.

Working with experienced Dade County FHA lender will help you get the right home loan. You will have a broker with substantial experience in FHA mortgages, government guaranteed VA home loans, and other special mortgage programs for which you may qualify helping you secure the right loan to buy your Dade County home.

Very few things are worse for you as a home buyer than working with a mortgage broker without enough experience in FHA loans to properly prepare and document a loan application. At a minimum, it delays getting your financing approved. At worst, it can result in your missing your closing date, losing out on a home you want, or not getting approved for an FHA loan at all.

Preparing to Buy a Home in Dade County: Mortgage Pre qualification and Mortgage Pre approval

When a home priced below market in Sunny Isles Beach, FL or Miami Springs, FL comes on the market, it doesn’t last. The selling agent is going to accept the best offer from a pre-approved buyer because he or she does not want to tie up the property with a Home Buyer who can’t get the mortgage financing to close the deal.

Many Dade County real estate agents insist on getting a pre-approval letter with any offer. Because some Dade County mortgage brokers were doing pre qualification letters on nothing more than a conversation with a potential buyer – no credit check, no verification of employment or assets – many Dade County Realtors now require more than a pre qualification letter to accompany any offer to buy.

What does that mean to you?

Get a mortgage pre approval before you look at any homes in Bay Harbor Islands, FL or Florida City or anywhere in Dade County. You will know exactly how much home you can afford, and selling agents will be more likely to accept your offer because you have demonstrated your ability to get financing for your Dade County home.

How Having the Right Mortgage Lender Helps You

Many Dade County home buyers focus on finding the perfect home, not on finding the right mortgage lender to help them get the best loan to finance it. As a result, they pay higher-than-necessary interest rates and get home loans with less than ideal terms.

A good mortgage lender will help you by doing these things:

Doing the preliminary work to give you an accurate picture of the price range of Dade County home that you can afford: Whether you are qualifying for a Jumbo loan to buy a luxury condo in South Miami or a manufactured home loan to buy a lot and home in Homestead, Florida, you need to know how large a loan you can get before you start home shopping in Dade County; Identifying the best mortgage program to use to buy your home in Doral or Key Biscayne or any other Dade County community: The team of mortgage brokers from 1st Continental Mortgage will be happy to help you compare Dade County mortgage programs to assure you of getting the best combination of rate and terms on your home purchase or refinance; Explaining the documentation required to get your Dade County home loan: Your licensed FL mortgage broker will assemble your loan package and check that you have met your lender’s requirements before he submits your loan package to the lender; Giving you an accurate good faith estimate on your Dade County home loan: Some Dade County brokers are notorious for playing games with the numbers on their good faith estimates. They underestimate insurance costs or taxes or omit line items to make the bottom line on their good faith estimates come in lower than those of other Dade County mortgage brokers. These shady mortgage brokers count on the fact that their deception will not become apparent to the home buyer until the HUD arrives right before the closing. Then, the home buyer will pay the difference just to avoid having to start over with another mortgage broker and Florida mortgage lender. It’s unethical, but mortgage brokers in Miami, FL and Miami Shores Village, FL do it all the time. It’s no way to earn a reputation as a competent and customer-focused mortgage broker in Dade County. Expect a properly prepared good faith estimate and white glove service from 1st Continental Mortgage, whether you are buying a home in Hialeah, Miami Springs or any of the other cities in Dade County. Keeping you updated on the progress of your lender in approving your financing for your Dade County home: 1st Continental Mortgage will be proactive in keeping you informed of the status of your Dade County home loan and in dealing with any issues that might delay the closing of your Dade County FHA loan in Hialeah Gardens or any other Dade County neighborhood. Whether you are refinancing an ARM in South Bay Village or getting a mobile home loan in Pahokee, we will give you the best combination of interest rates and terms on your Dade County mortgage. Coordinating the activities of the many professionals who play a role in getting your Dade County home loan closed: Your 1st Continental Dade County mortgage specialist will be your liaison in dealing with Realtors, appraisers, home inspectors, underwriters, title company representatives, etc. You can relax knowing that your mortgage broker is taking care of the details so that your closing will happen on-time and without any surprises.

1st Continental Mortgage’s mortgage pros will be your single point of contact for your mortgage in Biscayne Park or El Portal or any other Dade County city. Call them today at 800-570-0448.

Dade County Pre foreclosure and Bank Owned Properties Attract Miami Real Estate Investors

Prices that are much lower than a year or two ago and the high rate of foreclosure on sub-prime mortgages has created strong interest in Dade County real estate among real estate investors. Many of our best repeat mortgage customers in Dade County are real estate investors purchasing pre-foreclosure homes in cities like Medley, FL or South Miami or rehabbers buying and flipping REOs in Surfside or Sweetwater.

Seasoned real estate investors recognize that now is an excellent time to be bargain hunting in Dade County’s real estate market. With the long term prospects for continued population growth and with good prospects for the Dade economy, now may be the right time to buy investment property in Dade County.

FHA 203b home loans allow qualified home buyers to borrow 100% of the purchase price of a home and up to $5000 to make repairs on Fannie Mae foreclosures. FHA home loans and specialized home loans such as the FHA 203b loan have been popular home loans for investing in Miami Dade County real estate.

Whether you are buying a first home with an FHA mortgage in North Bay Village, building a custom luxury home in Islandia, or looking to buy a bargain priced pre foreclosure using a conventional mortgage in Indian Creek Village, you should start now by calling 1st Continental Mortgage at 1-800-570-0448. Don’t miss the best opportunity to buy a home in Dade County in decades.

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