Relocating to Florida and the Boynton Beach Area Moving to a new town is stressful on its own, without adding the daunting task of searching for a home in addition to finding the right Realtor. At ATLANTIC GROVE REALTY INC, I understand this, and I am an expert in relocation. I have a long history of finding buyers the right home by following a refined process to help make the most of your search...
Loan Origination FeeThis covers the administrative expenses in setting-up and processing the loan. The loan origination fee may be a percentage of the mortgage amount. Points (optional)An option for the home buyer is to pay points to lower the interest rate at which the loan will be repaid. Each point equals 1 percent of the mortgage amount. For example: on a $150,000 loan, 1 point would equal...
Also referred to as a listing agreement, the listing contract gives a licensed real estate professional authorization to act on your behalf in the sale of your home. Listing contracts come in all shapes and sizes, but there are characteristics which are common to all. Among the elements of any valid listing contract are: Writing - All real estate contracts must be in writing. Employment...
Title Insurance = Peace of Mind Purchasing a home is probably the single biggest investment you will ever make. Before closing on the house, you'll want to know that no other individual or entity has a right, lien or claim to the property. Determining that your rights and interests to the property are clear is the business of a title insurance company. For a modest, one-time title...
We are not Attorneys and always recommend you consult with a licensed Real Estate Attorney, we do have one we work closely with for many years and highly recommend him, his name is Michael Merino PA mmerino@merinolegal.com for all your real estate legal questions. In real estate contracts, the contingency is a common element. Contingencies are clauses in a contract that give either the buyer or...
Homeowner warranties will pay for repairs or replacement costs for the mechanical systems and built-in appliances that break down in a home. Warranties can be purchased by either the buyer or seller. When the seller is paying for the warranty, it is usually paid for and goes into effect at closing. The coverage period is normally for one year. There are a lot of companies offering home warranties and...
Creative Financing Seller Financing As the seller, you have the option of financing the buyer's purchase with the equity you have in the property. You can finance part or the entire mortgage for the buyer. Before setting-up a private mortgage, it is wise to consult with your attorney. Carrying Back a Second Mortgage In the case of "carrying back a second mortgage", the seller loans the buyer part...
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