Florida Real Estate BlogRecently posted or modified blog postshttps://www.innovarealtors.com/blog/Copyright InnovaRealtors.com2023-09-26T06:54:57-07:00tag:innovarealtors.com,2012-09-20:39345¿Estamos en una crisis inmobiliaria? | Podcast - Café Inmobiliario con Innova Ep. 01¡Bienvenidos a nuestro emocionante primer episodio! En esta entrega, tenemos el honor de contar con dos destacados expertos: Raúl Alvarez, Branch Manager de Guaranteed Rate, y Rene Alvarez, Broker de Innova Real Estate Corporation. Juntos, exploraremos el apasionante mundo de los Bienes Raíces en Estados Unidos, con un enfoque especial en la dinámica región de Florida. ¿Tienes preguntas sobre el mercado inmobiliario? ¡Nosotros tenemos las respuestas!
Contacto: Giselle Fuentes
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Web: gisellefuentes.innovarealtors.com2023-09-26T06:42:23-07:002023-09-26T06:54:57-07:00Giselle Fuentestag:innovarealtors.com,2012-09-20:33989La Importancia De Una Inspección De Hogar.Cuando se compra una casa en el suroeste de Florida, es importante entender el valor de una inspección de hogar. Una inspección de hogar es un análisis detallado de una casa por parte de un inspector certificado para encontrar cualquier problema o defecto potencial. Los sistemas de fundación, techos, electricidad, plomería y HVAC, así como cualquier otra preocupación potencial con la propiedad, generalmente serán examinados por el inspector.
Cuando un comprador presenta una oferta para comprar una propiedad y es aceptada, normalmente comienza la fase de inspección de hogar. El comprador normalmente tiene un período de tiempo predeterminado, a menudo de 7 a 14 días después de que se acepta la oferta, para organizar una inspección de hogar. El comprador tiene esta oportunidad de organizar una inspección con cualquier inspector licenciado de su elección.
El inspector realizará un examen visual de la propiedad, señalando cualquier problema o defecto que se descubra. Se probarán varios sistemas y electrodomésticos para asegurarse de que estén en buen funcionamiento. Después de que el examen haya terminado, el inspector dará al cliente un informe detallado explicando cualquier problema o defecto que se haya descubierto.
Es crucial recordar que una inspección de hogar no es un examen de APRUEBA o REPRUEBA, sino más bien una oportunidad para que el comprador conozca más sobre el estado de la propiedad y decida si continuar con la compra.
Después de recibir el informe de inspección, el comprador tiene tres opciones: continuar con la compra tal como está; pedir al vendedor que haga reparaciones o proporcione créditos para los problemas descubiertos; o terminar la compra. Cualquier reparación o crédito acordado se incorporará al contrato de compra si el comprador decide proceder con la compra.
En conclusión, una inspección de hogar en el suroeste de Florida es una etapa esencial en el proceso de compra de viviendas. Un inspector certificado revisará exhaustivamente una propiedad para encontrar cualquier problema o defecto potencial. El comprador tendrá la oportunidad de conocer más sobre el estado de la propiedad y decidir si continuar o no con la compra después de hacerlo.2023-01-28T13:46:44-07:002023-01-28T13:56:56-07:00Yax Garciatag:innovarealtors.com,2012-09-20:33971What is Tax and Insurance EscrowMortgage companies use an escrow account to pay for homeowners' insurance and property taxes in addition to the escrow procedure that is used to make sure that all the conditions of the sale have been satisfied. The term "tax and insurance escrow" or "impound account" are both used to describe this kind of escrow.
Lenders often require that you open an escrow account when you apply for a mortgage to buy a home. In order to cover your property taxes and insurance, a portion of your monthly mortgage payment is deposited into this account.
To ensure that the appropriate amount of money is being gathered in the escrow account to cover the bills when they are due, the lender will normally perform an annual escrow analysis. The lender may ask you to contribute more money to the account by raising your monthly payments if the analysis reveals that there is a deficiency. The lender may also reduce your monthly payment or reimburse you for the excess funds if the account contains too much money.
This kind of escrow account guarantees that you won't forget to pay your property taxes and insurance. Additionally, it helps homeowners budget for these expenses in a more predictable and controllable way.
In summary, a mortgage company uses escrow to pay for insurance and real estate taxes. It is often referred to as an "impound account" or "tax and insurance escrow." When you obtain a mortgage, this kind of escrow account is often established, and a portion of your monthly mortgage payment is set away to pay for these expenses when they become due. This enables homeowners to effectively budget for and plan for these costs.
2023-01-27T12:38:30-07:002023-01-27T13:06:38-07:00Yax Garciatag:innovarealtors.com,2012-09-20:33965What is Title and EscrowIn the world of real estate, title and escrow are two important topics. Anyone purchasing or selling a home needs to understand these terms.
The term "TITLE" describes the formal ownership of a piece of real estate. The seller must hold a clear title to the property in order for the sale to be legal. This indicates that the property is free and clear of any pending legal or financial issues. To make sure that the title is clear, a title company or lawyer will often do a title search.
On the other hand, during a real estate transaction, an impartial third party known as "ESCROW" holds onto crucial documents and money. Escrow guarantees that the buyer's funds are held in a safe location until all the terms for the transaction have been satisfied. This covers any contingencies included in the purchase contract, such as the title search, home inspection, and others. The escrow company releases the money to the seller once all requirements have been met and the Buyer receives the title to the property.
In Florida, the process of title and escrow is governed by state law and regulations. It is important for both buyers and sellers to work with a reputable title company or attorney to ensure that the process is conducted correctly. This will help to prevent any delays or issues that could arise during the sale.
Overall, title and escrow are essential components of the real estate process that help to protect the rights and interests of both buyers and sellers. By working with a professional and understanding the process, you can ensure that your real estate transaction goes smoothly.
2023-01-27T10:49:33-07:002023-01-27T12:30:36-07:00Yax Garciatag:innovarealtors.com,2012-09-20:33964Nuevo Proyecto Home Base Living en Port Charlotte, Florida - Entrevista a Pablo ArceEntrevista a Pablo Arce, fundador y creador de Efficient Development Group, y desarrollador del proyecto Home Base Living en Port Charlotte.
2023-01-27T10:48:58-07:002023-01-27T10:56:09-07:00Maria Di Zillotag:innovarealtors.com,2012-09-20:33963The Importance Of a Home InspectionWhen buying a home in Southwest Florida, it's important to understand the value of a home inspection. A home inspection is a detailed analysis of a home by a certified inspector to find any potential problems or flaws. The foundation, roof, electrical, plumbing, and HVAC systems, as well as any other potential concerns with the property, will generally be examined by the inspector.
When a buyer submits an offer to purchase a property and gets accepted the home inspection phase normally starts. The buyer normally has a predetermined window of time, often 7 to 14 days after the offer is accepted, to arrange for a home inspection. The purchaser has this window of opportunity to arrange an inspection with any licensed inspector of their choosing.
The inspector will perform a visual examination of the property, noting any problems or flaws that are discovered. Various systems and appliances will be tested to make sure they are in good functioning order. After the examination is over, the inspector will give the customer a thorough report explaining any problems or faults that were discovered.
It's crucial to remember that a home inspection is not a PASS or FAIL test, but rather a chance for the buyer to learn more about the state of the property and decide whether or not to move through with the purchase.
After receiving the inspection report, the buyer has three options: continue with the purchase as-is; ask the seller to make repairs or provide credits for the issues discovered; or terminate the purchase. Any agreed-upon repairs or credits will be incorporated into the purchase contract if the buyer decides to proceed with the purchase.
In conclusion, a home inspection in Southwest Florida is an essential stage in the home buying process. A certified inspector will thoroughly check a property to find any potential problems or flaws. The buyer will have the chance to learn more about the property's condition and decide whether or not to move forward with the purchase after doing so.2023-01-27T10:19:21-07:002023-01-27T10:49:26-07:00Yax Garciatag:innovarealtors.com,2012-09-20:33961First steps before touring homes in SWFLWhen you're searching for a new home, touring homes in Southwest Florida may be a fascinating and exciting experience. The area provides a wide range of options, ranging from golf course complexes to beachfront condos, and everything in between. Finding the ideal home may be a difficult challenge, whether you're a seasoned homeowner or a first-time buyer. This is why it's crucial to be ready and have a clear understanding of the procedures involved before you begin your search.
Determining your budget is the first step before visiting homes in Southwest Florida. This will allow you to concentrate on homes within your price range and help you focus your search. It's crucial to take into account other expenses related to home ownership, such as closing costs, property taxes, and insurance.
After that, you should choose the kind of house you want. Do you prefer single-family homes, townhomes, or condominiums? Do you prefer newly built homes or pre-owned homes? These are all important considerations that will direct your search.
It's now time to start looking at houses once you know exactly what you want. By driving around neighborhoods and stopping by open houses, you can do this on your own, or you can connect with a real estate professional who can arrange tours of properties that fit your particular requirements.
It's crucial to make comparisons and take thorough notes while you tour houses. You should think about aspects like the location, the house's design, and the state of the property. Making a list of benefits and drawbacks for each property and taking images of it can be helpful.
When you've finally found the house of your dreams, it's time to submit an offer. A real estate agent's services can be extremely beneficial in this situation. Your agent can assist you in negotiating the sale's price and conditions as well as walk you through the closing procedure.
Overall, visiting homes in Southwest Florida can be an enjoyable and exciting experience, but it's important to be organized and understand the procedures beforehand. You may find the ideal home for you and your family with the right approach.2023-01-27T09:12:43-07:002023-01-27T10:18:56-07:00Yax Garciatag:innovarealtors.com,2012-09-20:33960Preparing for Closing Day in Southwest Florida<img src="https://assets.site-static.com/userfiles/1838/image/Real%20Estate%201.jpeg" width="450" height="300" alt="Preparing for Closing Day" title="Preparing for Closing Day" />
As you get ready to close on your new home in Southwest Florida, it's natural to feel a mix of excitement and stress. But with a little bit of preparation, closing day can be a smooth and enjoyable experience. Here are some tips to help you get ready for the big day:
• Review the HUD-1 Settlement Statement:This document itemizes all of the costs associated with the purchase of your new home. It will be provided to you by the title company a day or two before closing, so make sure to review it carefully to ensure that all of the costs are accurate and that there are no surprises on closing day.
• Gather all necessary paperwork:Make sure to have all of the required documents with you on closing day, including your ID, proof of homeowners insurance, and any other documents that the title company or lender may require.
• Be prepared with the funds:Bring a cashier's check or wire transfer for the down payment and closing costs, if it was not already wired by your lender.
• Review and ask questions:On closing day, you'll meet with the seller, the real estate agents, the title company representative and the lender's representative to sign all the necessary paperwork. Review the documents carefully and ask any questions you may have before signing.
• Take a final walk-through:Before you leave, take a final walk-through of the property to ensure that everything is in order and that the property is in the condition as agreed upon in the contract.
Closing day can be a whirlwind of activity, but with these tips in mind, you'll be well prepared and ready to enjoy the big moment – the keys to your new home in Southwest Florida. Congratulations on this exciting step in your life!2023-01-27T08:37:28-07:002023-01-27T09:26:14-07:00Yax Garciatag:innovarealtors.com,2012-09-20:33878Babcock Ranch2023-01-26T10:46:34-07:002023-01-26T14:57:42-07:00Lusmari Matutetag:innovarealtors.com,2012-09-20:28420Visiting New Constructions and Builders in Cape Coral, FL2022-04-11T13:56:00-07:002022-04-11T14:00:46-07:00Innova Real Estate Corporationtag:innovarealtors.com,2012-09-20:18617¿Por qué comprar casa en este 2021?2021-05-20T07:01:00-07:002021-05-20T07:05:44-07:00Giselle Fuentestag:innovarealtors.com,2012-09-20:17936Diferencias entre Down Payment y Closing Cost2021-04-09T07:34:00-07:002021-04-09T07:36:24-07:00Giselle Fuentestag:innovarealtors.com,2012-09-20:13745Reasons to buy a house in 20202020-07-14T19:26:00-07:002020-07-14T19:27:53-07:00Margie Stevenstag:innovarealtors.com,2012-09-20:13663Préstamos FHA y Convencional (Diferencias)2020-07-07T21:09:00-07:002020-07-07T21:11:58-07:00Rosmery Escandelltag:innovarealtors.com,2012-09-20:13613¿Debo comprar una propiedad en el 2020?2020-07-01T12:16:00-07:002020-07-01T12:18:20-07:00Giselle Fuentestag:innovarealtors.com,2012-09-20:11117Futuros dueños visitando nueva construcción en Cape Coral, FL (Giselle Fuentes, Realtor®)2020-06-15T19:05:00-07:002020-06-15T19:06:25-07:00Giselle Fuentestag:innovarealtors.com,2012-09-20:10116¿En qué consiste la inspección de una propiedad?2020-02-12T15:09:00-07:002020-02-12T15:10:49-07:00Innova Real Estate Corporationtag:innovarealtors.com,2012-09-20:10103New Construction Homes with IB Homes2020-02-10T21:34:00-07:002020-02-10T21:39:18-07:00Innova Real Estate Corporationtag:innovarealtors.com,2012-09-20:10068Is an HOA right for you?2020-02-04T22:28:00-07:002020-02-04T22:41:38-07:00Innova Real Estate Corporationtag:innovarealtors.com,2012-09-20:9869Is Getting a Home Mortgage Still Too Difficult?<img src="https://assets.site-static.com/userfiles/1838/image/getting-a-home-mortgage.jpg" alt="Is Getting a Home Mortgage Still Too Difficult?" title="Is Getting a Home Mortgage Still Too Difficult?" height="410" width="750" />
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago. The market is still tight however, and homebuyers should be prepared to shop around until they find a lender who is offering something that will meet the needs of their family.
Mortgage lending companies have high standards so it is important to make sure you and anyone else who will be included on the mortgage have their credit in check. The mortgage market is strict because lenders do not want to be put in a situation where they are forced to repurchase loans that are not paid on. They also do not want to end up in a litigation situation due to loan issues.
What Has Happened to the Number of Mortgages?
Due to the strict nature and requirements of the lending companies, the number of mortgages given out has significantly dropped. A report by the Housing Financial Policy Center at the Urban Institute showed that about 6.3 million fewer mortgages were given out between 2009 and 2015. The reasons behind this statistic are strict regulations and policies. These mortgages would have been granted if the lending standards where more reasonable.
Mortgage companies rely on calculations to determine if a home buyer will become delinquent on their payment. They will not give you a loan if you are too much of a risk for them. Credit history has a huge impact on this decision since lenders can see how often you pay back your debts. The history they receive is extensive. This view into your financial past causes lenders to take less risk when lending to you for your mortgage.
The Effect on the Economy
The housing market is recovering at a slower pace than it should since less potential homebuyers are being offered loans. While the market is still recovering with positive trends, fewer buyers can create a strain on other economic factors like home goods or construction jobs. Bottom Line
After the housing market boom and bust, mortgage lenders became stricter in their lending standards. It is not impossible to get a mortgage loan, but it can still be difficult for potential home buyers. Stay on top of your credit and make sure you and anyone else who is applying are in a good financial position so you can be approved for a loan. It is important to research different companies and their requirements to ensure success in getting a mortgage.2020-01-09T13:41:00-07:002020-01-09T13:45:10-07:00Innova Real Estate Corporationtag:innovarealtors.com,2012-09-20:9868Why You Should Consider Selling in the Winter<img src="https://assets.site-static.com/userfiles/1838/image/selling-in-the-winter-attracts-serious-buyers.jpg" alt="Selling In Winter Attracts Serious Buyers" title="Selling In Winter Attracts Serious Buyers" height="410" width="750" />
The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.
Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to getting your home sold.
Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.
Bottom Line
If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring.2020-01-09T13:41:00-07:002020-01-09T13:45:23-07:00Innova Real Estate Corporationtag:innovarealtors.com,2012-09-20:9867Common Things to Look Out for Before Buying Your Dream Home<img src="https://assets.site-static.com/userfiles/1838/image/3-questions-to-ask-before-buying-your-dream-home.jpg" alt="Common Things to Look Out for Before Buying Your Dream Home" title="Common Things to Look Out for Before Buying Your Dream Home" height="410" width="750" />
It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing market.
It is important for you to be prepared and have your own questions ready. No matter what other opinions you are getting, you are the one buying the home and your comfort level will help make your final decision. Here are three important questions to ask before you purchase a home.
1. Why am I Buying a Home?
Regardless of the finances, it is important to think about what made you want to buy a home in the first place. Usually the reasons don’t have to do with money. Instead, home buyers are focused on how the house will impact their family in the future. A study done by the Joint Center for House Studies at Harvard found there are four reasons people buy a home. Those reasons include schools for your children, a safe environment, more room for your family to grow, and control of your own space.
These factors are the most common reasons people look to buy a new home. When you ask yourself why you are looking to purchase a home, do any of those factors come up? Spend time with your spouse or family members who are involved in this decision and determine why you want a home in the first place. Creating this list will help when searching for a home and can help your real estate agent find the best home for your needs.
2. What is the Trend with Home Values?
Our current economy and housing market is strong. That means home values and mortgage rates are increasing. If you are looking to purchase a home but want to stay within a budget, it may be in your best interest to move quickly. It is forecasted for these trends to continue in an upward motion, causing home values to continue to increase.
3. What About Current Mortgage Rates?
The ticket price is not the only thing you should be concerned with when purchasing a home. Mortgage rates are always changing and can have a huge impact on your monthly payments. Current trends show mortgage rates are rising. This is something to consider if you are debating the right time to purchase a home, since the rates may be even higher down the road.
Bottom Line
You and your family are the only ones who can determine the right time to purchase your dream home. It is important to decide exactly why you want a new home for your family and decide on a budget that will be comfortable moving forward. This budget may affect the amount of time you have to search for a home, since home prices and mortgage rates are increasing. 2020-01-09T13:41:00-07:002020-01-09T13:45:19-07:00Innova Real Estate Corporationtag:innovarealtors.com,2012-09-20:9866Will Increasing Mortgage Rates Impact Home Prices?<img src="https://assets.site-static.com/userfiles/1838/image/mortgage-rate-projections.jpg" alt="Will Increasing Mortgage Rates Impact Home Prices? " title="Will Increasing Mortgage Rates Impact Home Prices? " height="410" width="750" />
There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when interest rates are rising, but this is not always the case.
This theory of home prices decreasing is typically discussed by future home buyers. As a buyer you would like to think if you are paying higher rates on your mortgage, you should be able to see a decrease in cost somewhere else. Unfortunately, these rates are rising because the economy is in better shape. As the economy succeeds, incomes rise, rates go up, as well as the price of the home.
A recent study by the John Burns Real Estate Consulting found mortgage rates have very little impact on the cost of the home. The housing market and price increases are affected by things like job growth in the area and rising wages. Coincidentally, these same factors are causing the rise in the mortgage rates since people can afford to take out more.
Bottom Line
As the economy progresses and strengthens, mortgage rates and home prices will fluctuate. It is a misconception as rates increase, home prices will decrease. Advances in the economy have shown that rates and home prices are more likely to increase together.2020-01-09T13:41:00-07:002020-01-09T13:45:14-07:00Innova Real Estate Corporation