Don't be Unpleasantly Surprised When you Close on your Home

When you are buying a property in Broward County Florida, you assume that the previous owner is up to date paying their taxes, and that they do not owe for any past repairs (Mechanic’s Liens). You may also assume that they have closed all Opened Permits, Code Violations, etc. Unfortunately, often this is not true, and this has led to horror stories for countless amounts of buyers.

Most of these nightmares could be traced back to the fact that not enough attention was paid to details before presenting an Offer to Purchase. Once you close and the property is transferred to you, you inherit all the existing problems, Liens, Open Permits, etc.

Most Real Estate Agents tend to disregard these problems, I’ll address these possible problems, when we present the Offer to Purchase. I am not in this just to make a commission. To avoid these problems, I will make a priority to insert special wording into the offer to keep you safe, and to get you into the home of your dreams.

 

Thank you,

                   
        

Visit our Website:  www.SouthBrowardHomesbyTony.com

Antonio Ortega LLC Licensed Real Estate Professional

Text or Call 954-648-6095

Global Luxury Realty, LLC

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How to Choose the Right Home in Broward

It pays off to prepare in advance as in narrowing it down to the city and area you want to live in.
Looking for the right home can be a daunting process for first time buyers and seasoned vets alike. From the style of the house to the type of appliances, there are countless factors that can go into such a big purchase. The following short checklist outlines the most important things you should think about when you're on the hunt for a new home. 

1. Define your budget: 
It's never fun to fall in love with a house that you can't afford. Avoid the heartbreak by taking the time to analyze your financial situation before you begin the search. Start by reviewing your credit score, monitoring your debt and choosing an appropriate down payment. Meeting with a financial professional can help you get an accurate picture of your financial situation and the loans you are eligible for. 

Looking at your debt-to-income ratio is one of the ways that creditors establish how qualified you are for a mortgage loan. Your debt-to-income ratio is determined by taking your monthly debt (think current mortgage payments, student loans, car loans, etc.) and divide them by your gross monthly income. Ideally, you want to keep that ratio at 43% or lower. According to the Federal Consumer Finance Protection Bureau, "studies of mortgage loans suggest that borrowers with a higher debt-to-income ratio are more likely to run into trouble making monthly payments. The 43 percent debt-to-income ratio is important because, in most cases, that is the highest ratio a borrower can have and still get a Qualified Mortgage." 

Don't skip the down-payment analysis! A huge factor in getting the best mortgage rate relies on how much cash you are able to put down initially. The rule of thumb has been to put 20% down as a minimum. Anything below the 20% rule will usually require mortgage insurance and end up costing you more on the loan long term. Determining the right path for you will require you to analyze your own situation—your budget, timeframe and any other factors involved in figuring out your financial capacity to save and put money away for your new home. 

2. Your Must-Have List: 
Always search for homes that meet your "must-have" list. A must-have list encourages you to write out exactly what you need in a new home and will significantly aid in narrowing down the scope of your search, especially when searching with another person. This list will also foster communication on critical aspects of your new home that might not have been discussed previously, and help you identify requirements that may be in conflict with each other. 

Focus your list on the high-level, pricey aspects of a home. Minor changes such as painting and smaller renovation projects can be worked on down the road, but changes that add up in time and money should be avoided (think kitchen remodels or adding another bathroom). Narrowing down your search to homes that don't require major changes will help ensure you choose a home that is within your budget. 

If you are struggling on where to start, think about what type of home you want to live in–Single Family or Townhome/Condo? How many bathrooms and bedrooms do you need? Do you want a fireplace or pool? What's the minimum lot size you would be comfortable with and do you require a garage? What about air conditioning? 

Keep your list short and sweet–try to keep your must-haves on the shorter side by focusing on major requirements and ranking them by importance. Prioritizing your list will help when it comes to decision-making time, as selecting a home will often require some flexibility. Your list will provide you with an easy way to determine which aspects you can compromise on and which are red flags telling you to move on. 

Compromise can be hard, but don't let small things completely take a home off of your short list. Remember, minor changes such as painting and smaller renovation projects can be worked on down the road, however, if there are a lot of these things the costs of those projects can add up. Focus on the minor modifications that you feel comfortable changing. 

3. Location, Location, Location! While the importance of location is often a no-brainer, the location of your potential new home serves multiple purposes. Location will impact your daily life and happiness as well as your home's value down the road. 

When looking at location in terms of resell value, you want to look at a multitude of things: school districts, crime stats, and the neighborhood & community. A little research can answer most of these questions, and this website offers Market Insider, a tool to give you details on all these factors and more! Besides looking at the current stats and trends, take this information and think about what the value of the area might be in 5 or 10 years when you potentially could resell your home. 

Along with the resale value, analyze the location of a home from the perspective of your wellbeing and happiness. Things such as your daily commute, surrounding noise, and community will greatly shape your experience in the home. 

Along with this checklist, seeking guidance from a professional is always a good idea! A realtor like me can offer a wide array of skills and expertise, from the showing of a home to the endless paperwork. You can count on me to guide you through the process and assist in your home buying decisions. 

Finding the right home might not necessarily mean finding the "perfect" home, but rather, finding the right home for you to make your own. Hopefully this checklist provides you with a guide to start your journey towards the right home. When you're ready to start looking, don't hesitate to give me a call!

How Much will my Broward County, FL Home be worth in 5 years?

In the period of time from 2018 to 2023 Residential Real Estate Prices increased by a whopping 20% per year or close to 100% by 2023.

Is as though the world has taken notice and every one wants to move to Fort Lauderdale and nearby cities!

Going with a very conservative appreciation rate for Homes of 3.5% per year you can expect a $500K Home to appreciate to:

5 years $594K

10 years $706K

20 years $1 Million

Due to low interest rates and other issues home values in Broward County FL increased by at least 20% in 2021, so as you can see this is a conservative estimate of future value, we might get another interest rate decrease soon, we’ll have to wait to see how the home market will react, it is impossible to predict the future, we can only look back.

Have a Beautiful Day!

                   
        

Visit our Website:  www.SouthBrowardHomesbyTony.com

Antonio Ortega LLC Licensed Real Estate Professional

Text or Call 954-648-6095

Global Luxury Realty, LLC

Click Here to Contact Us

       

Join us on Social Media

Broward Homes For Sale Plantation, Florida - Value My Home

Plantation, FL is a city in South Broward, Florida as of the 2010 Census it had a population of 87,496.

If you are thinking about buying a home soon improve in these important areas it will be worth it:

FICO Score Or Your Credit Bureau Rating the Higher the Better you are entitled to a free credit report every year, a good Mortgage Broker / Lender should still be able to get you a mortgage even if your FICO score is not high. 

What Is Your Debt To Income Ratio

You can get your Debt to Income Ratio list all your expenses such as car payment, student loans, current mortgage payment, etc. Divide the total amount you get by your gross monthly income ideally that ratio should be 43% or lower.

How Much To Put Down

The best scenario is to pay at least 20% as Down Payment that way you avoid having to pay PMI or private mortgage insurance.

Plantation, South Broward Homes and Condominiums we invite you to visit our website full of relevant information with a very informative Blog and an excellent property search engine simply enter the zip code or city you are interested in in our Home page and it will pull up all the properties available in South Broward.

You then select the kind of property you are looking for whether a Single Family Home, Condominium, Rental, etc.

The Six Top Reasons that  I Love Broward County

1. Affordability – The local market offers record affordability, amenities and seller incentives; 50% more affordable in the last five years; favorable currency exchange offers greater discounts for foreign buyers.

2. International Buyers – While Florida is the top state, Broward County is one of the top markets for international buyers.
3. Great Weather – A tropical paradise with an average yearly temperature of 76°F/25°C & an average winter temperature of 66°F/19°C. Don’t forget the over 3,000 hours of sunshine each year.

4. Beaches – Broward County has 23 miles of Atlantic Ocean coastline and 300 miles of navigable waterways, earning it the nickname: “The Venice of America”.

5. Water Sports – Enjoy top-rated fishing, snorkeling, sailing, boating, kayaking, swimming, SCUBA diving and other water sports all year around.

6. Boating – Home to over 42,000 pleasure crafts, Broward County is also known as the “Yachting Capital of the World”.

 

South Broward Homes For Sale By City Or Zip Code from Tony Ortega on Vimeo.

Whether you are looking to Sell, Buy, Put up property to Rent or simply rent an apartment or home we want to work for you.

Stay Safe and Healthy

                   
        

Visit our Website:  www.SouthBrowardHomesbyTony.com

Antonio Ortega LLC Licensed Real Estate Professional

Text or Call 954-648-6095

Global Luxury Realty, LLC

Click Here to Contact Us

       Join us on Social Media

Global Luxury Realty, LLC

Broward Homes For Sale In Davie Florida

Davie, FL is a town in South Broward, Florida. The town’s population was 91,992 in the 2010 Census.

Davie was founded by Tamara Toussaint and Jake Tannebaum. The original name of the town was Zona.

Davie, a developer, bought about 27,000 acres (109 km2) in the area. He built a school in Zona (The Old Name For Davie).

In 1916, the people of the town were so grateful they renamed the town after him. It was carved out of Everglades land that was mostly underwater.

If you are thinking about buying a home soon improve in these important areas it will be worth it:

FICO Score Or Your Credit Bureau Rating

Shoot for a minimum of 650 the Higher the Better you are entitled to a free credit report every year.

What Is Your Debt To Income Ratio

You can get your Debt to Income Ratio list all your expenses such as car payment, student loans, current mortgage payment, etc. Divide the total amount you get by your gross monthly income ideally that ratio should be 43% or lower.

How Much To Put Down

The best scenario is to pay at least 20% as Down Payment that way you avoid having to pay PMI or private mortgage insurance.

Broward County is located in South Florida as of 2016 it had a population of 1,909,632 it is the second most populous county in Florida.

It is one of the most desired places to live in the country not only because of the tropical weather we enjoy but another major attraction is its beautiful beaches which are world renown, Real Estate always does well here when held long term.

Some of its most famous cities are in South Broward are: Davie, Plantation, Cooper City, south broward homes, Tamarac, Sunrise, Weston, Fort Lauderdale, Pembroke Pines, Hollywood, Miramar.

South Broward Homes and Condominiums we invite you to see our website that is full of relevant information with a very informative Blog and an excellent property search engine simply enter the zip code or city you are interested in in our Home page and it will pull up all the properties available in South Broward.

The Six Top Reasons For Choosing Broward County

1. Affordability – The local market offers record affordability, amenities and seller incentives; 50% more affordable in the last five years; favorable currency exchange offers greater discounts for foreign buyers.

2. International Buyers – While Florida is the top state, Broward County is one of the top markets for international buyers.

3. Great Weather – A tropical paradise with an average yearly temperature of 76°F/25°C & an average winter temperature of 66°F/19°C. Don’t forget the over 3,000 hours of sunshine each year.

4. Beaches – Broward County has 23 miles of Atlantic Ocean coastline and 300 miles of navigable waterways, earning it the nickname: “The Venice of America”.

5. Water Sports – Enjoy top-rated fishing, snorkeling, sailing, boating, kayaking, swimming, SCUBA diving and other water sports all year around.

6. Boating – Home to over 42,000 pleasure crafts, Broward County is also known as the “Yachting Capital of the World”.

South Broward Homes Search By City Or Zip Code from Tony Ortega on Vimeo.

Whether you are looking to Sell, Buy, Put up property to Rent or simply rent an apartment or home we want to work for you.

You then select the kind of property you are looking for whether a Single Family Home, Condominium, Rental, etc.

Stay Safe and Healthy

                   
        

Visit our Website:  www.SouthBrowardHomesbyTony.com

Antonio Ortega LLC Licensed Real Estate Professional

Text or Call 954-648-6095

Global Luxury Realty, LLC

Click Here to Contact Us

       Join us on Social Media