Julio Salazar Real Estate

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It is important that before starting the procedures to buy a house you are well informed about the financing processes, to avoid possible scams. For this reason, we give you a series of recommendations:

1. Investigate the real estate agent’s background to see if someone has filed a complaint. You can execute this action in the REALTORS® association in the area.

2. Review the current interest rates.

3. Verify the rates corresponding to mortgages at 30, 20 and 15 years.

4. Find out if the rate is fixed or adjustable.

5. Request information on terms and types of loans from various credit entities to compare. Also, ask for all additional charges in advance, since nothing should be added at the last minute. Finally, avoid signing incomplete documents.

6. Prevent sales tactics from pressing you. For example: If they tell you that they are the only ones that can offer you a certain interest rate, that you must act quickly or that it is the last offer in the market... pay attention.

This article is made for informative and divulgative purposes. For this reason, it is important that before making any decision, visit or contact a certified specialist in the field, since the opinion of the expert is the one that should be considered.

When purchasing a home, it is crucial to be aware of the various expenses involved. Below are the primary costs to keep in mind:

It’s important to note that for some people, taxes and insurance are rolled into the monthly mortgage payment, meaning that the payment can increase even if you have a fixed-rate loan.

To ensure a complete understanding of the expenses involved in purchasing a home, it’s advisable to consult a real estate agent and lender, who can provide information on the amount and timing of payments.

It is important to know where to buy, the area and its benefits. However, to select the right location it is necessary to know the budget we have. As a Real Estate Agent, I can assist you in every step of the way during the selection of the area.

As a first point to take into account, it is essential to know what you want the property for: To live, to rent or as an investment?

PROPERTIES FOR INVESTMENT and PROPERTIES FOR RENT: If your thing is to invest and you want a property that will pay off, then we suggest you be flexible with the selection of the location. Your main motivation should be focused on the protection of your capital and how to make it grow. Choose your target market, that is, to whom you want to rent the property: students, new families, established families, singles, etc. Then select areas where such market is located. It is also important to take into account the statistics of changes in property prices in the area, to know if you could generate profits once you decide to sell it in the future.

MAIN HOME OR VACATION PROPERTY:
It is important that the safety and comfort of your family be the main goal in this decision, so you should take into account the following variables before selecting the area where to buy:
* Schools and educational areas if you have children under 21 years of age. The best school is the one closest to your home.
* Distance from your work area.
* Will I have pets?
* Will I have an office at home?
* Commercial areas.
* Recreation areas.
* What do I want near my property?
* How much space do I want? (Size of the property)
* Would I be interested in a property that needs to be repaired?
* How important is it for me that the property gains in value over time?.

A short sale refers to the sale of a property for less than the outstanding mortgage debt. This type of sale is often made when the homeowner is unable to meet mortgage payments. However, there are some requirements that must be met in order to qualify for a short sale:

1. The mortgage debt must be higher than the value of the property.
2. The homeowner must be behind on mortgage payments.
3. The homeowner must demonstrate that they are unable to make mortgage payments.

If you are interested in purchasing a property through a short sale, it is important to first find a willing seller. The seller should be informed about the following:

1. A short sale is a good solution for settling debt.
2. You have the opportunity to negotiate with the bank to accept a lower payment than the outstanding mortgage debt.
3. The bank will require personal information from the seller.

Before proceeding with the short sale, it is also important to discuss two important points with the seller:

1. Moving expenses: the seller will not receive money from the sale, so it is important to provide them with the necessary funds to cover moving expenses.
2. Vacation date: it is necessary to set a specific date for the seller to vacate the property.
When negotiating with the bank, it is important to achieve two objectives:
1. Convincingly present the reasons why the short sale should take place and why it is beneficial for the bank.
2. Build a good reputation and relationship with the banking industry.
It is important to seek the advice of a certified specialist before making any decisions, as their expert opinion should be considered. This article is for informational purposes only.

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What are the steps of buying a property? Swipe to read ➡️

The payment method to use for the purchase of a property will depend on the amount of money you have available to invest, as well as your credit reputation. The budget you have will help you choose the area, the type of land and the dimensions of your new property.
There are mainly two methods of payment:
    •    Through a mortgage loan granted by a financial institution.
    •    Through a cash payment.
If your option is to buy using the cash method, then you know what budget you have. However, even with the money, it is always good to consider financing, which could help you buy a more valuable property.

However, if you do not reside in the United States and want to buy a property here, there is the possibility of applying for a mortgage loan, with an initial payment that usually ranges between 25% and 50% of the total price of the property, and an average interest rate of between 5% and 7% for a 30-year term.
For people who are residents or are American citizens, these numbers change abruptly because they could buy a property only by providing an initial amount of approximately 9% and in many cases closing costs are included.
Once you are clear on the payment method you want to use, cash or loan or even cash and loan, then we can talk about the budget. This will allow you to determine the zones and types of properties to which you could have access.

Simplified explanation of different types of properties available for purchase:
1. Existing properties These are properties that have been completed more than 6 months ago and are being sold by the current owner. The prices of these properties are negotiable and can vary depending on the market and location. Some may require repairs or be in a state of disrepair, while others may be great investment opportunities.
2. New properties These are properties that are less than 6 months old and have not been lived in. The prices of these properties are negotiable and can vary depending on the market and location. Some may be from unfinished projects or from owners who decided to build their own homes.
3. Pre-construction or new developments There are real estate developers in the US that specialize in building new properties. These projects may be sold even before construction begins. Generally, the longer it takes for construction to be completed, the better the purchase price. If you have some time to wait, you may find good investment opportunities in this market. Ask your Real Estate Agent for information on new developments.

Can you buy a property without a real estate agent? Swipe to read ➡️

Beautiful 12th floor condo unit with magnificent bay and city views. This unit features a private elevator, hurricane resistant windows, beautiful floors and kitchen with stainless steel appliances. Unit is offered with or without furniture. There is a convenience store in the complex. Showings are Monday through Friday at 10:00 am. Contact listing agent to make appointment. Owner occupied.

When purchasing a home, it is crucial to be aware of the various expenses involved. Below are the primary costs to keep in mind:

Purchase price: This is the agreed-upon price you will pay to the seller. Depending on whether you use a mortgage loan or financing, you may need to make a down payment as part of the initial payment.

Mortgage costs: These are the fees you pay for borrowing money to buy the house. Initial mortgage costs include the money you owe to your lender, as well as fees for mortgage initiation, appraisal, and title insurance, and in some cases, mortgage insurance.

Real estate/property costs: These expenses include transfer costs, existing taxes, and other government charges. Some of these costs must be paid upfront when closing the purchase agreement, while others will be due in the long term.

Ongoing costs: Property taxes, homeowners insurance, and owner association fees are examples of ongoing costs associated with homeownership. These costs may fluctuate over time.

It's important to note that for some people, taxes and insurance are rolled into the monthly mortgage payment, meaning that the payment can increase even if you have a fixed-rate loan.

To ensure a complete understanding of the expenses involved in purchasing a home, it's advisable to consult a real estate agent and lender, who can provide information on the amount and timing of payments.

This article is intended for informational purposes only. Before making any final decisions, it is recommended to seek the advice of a certified specialist in the field.

Step 1: Making an Offer When you have found the property you want to purchase, you will need to make an offer. This is a formal document that lets the seller know that you are interested in buying their property and the amount you are willing to pay. Your real estate agent will assist you in creating this document and may also include pre-approval of your mortgage credit if applicable. If you plan to pay in cash, you will need to provide proof of funds through a bank statement.

Step 2: Acceptance of Offer If the seller accepts your offer, a title company will be instructed to create all necessary documents for the transfer of ownership. This is usually done by specialized lawyers. To secure the property, you will need to make a down payment, typically ranging from 5% to 10% of the purchase price, which will be placed in an escrow account. The process may differ for properties in the pre-construction stage.

Step 3: Closing Once the title of the property has been thoroughly examined and all encumbrances have been cleared, a closing date will be set for signing the sales contract. On this day, the final payment will be made and the title of the property will be transferred to the new owner.

Brief Overview of the Home Buying Process:

Step 1: Making an Offer When you have found the property you want to purchase, you will need to make an offer. This is a formal document that lets the seller know that you are interested in buying their property and the amount you are willing to pay. Your real estate agent will assist you in creating this document and may also include pre-approval of your mortgage credit if applicable. If you plan to pay in cash, you will need to provide proof of funds through a bank statement.

Step 2: Acceptance of Offer If the seller accepts your offer, a title company will be instructed to create all necessary documents for the transfer of ownership. This is usually done by specialized lawyers. To secure the property, you will need to make a down payment, typically ranging from 5% to 10% of the purchase price, which will be placed in an escrow account. The process may differ for properties in the pre-construction stage.

Step 3: Closing Once the title of the property has been thoroughly examined and all encumbrances have been cleared, a closing date will be set for signing the sales contract. On this day, the final payment will be made and the title of the property will be transferred to the new owner.

Your tax obligations and liabilities can be impacted by whether you buy a property in your own name or through a company. It's recommended to seek the advice of an accountant or lawyer to determine the best option for you.

One popular choice is using a Limited Liability Company (LLC), which offers protection from potential lawsuits related to the property, allows for tax deductions on property expenses, and helps avoid double taxation.

However, it may not be necessary to create an LLC for each property you own. Keep in mind that multiple properties under a single LLC could increase risk to all properties, so it's best to consult with a professional to make an informed decision. Please note that a Real Estate Agent is not authorized to provide legal advice or create an LLC.

New property, used property or in pre-construction?

Among the possibilities for buying properties there are mainly the following:
• Properties that are not new.
• Properties that are brand new or less than 6 months after completion of construction.
• Properties in pre-construction or new developments.
Properties that are not new
These are properties that were completed more than 6 months ago and the current owner wants to sell them. The prices of these properties are negotiable, in some cases they are properties in auction or with deterioration and in need of repair, but in other cases they are great opportunities. The price usually varies according to the market and its surroundings.
Properties that are new
These are usually understood as properties that are less than 6 months after their construction has been completed, and are in the process of being sold and have not been inhabited. The prices of these properties are negotiable, in some cases they are properties of projects that could not be sold completely in pre-construction or in plans, or are properties of people who decided to build them. The price usually varies according to the market and its surroundings.
Properties in pre-construction or new developments
There are large developers in the United States that are dedicated to the construction of real estate. These projects begin to be sold even before construction starts. In general, the longer it takes to finish construction, the better the purchase price will be. If you can wait, if you are in no rush, you could find good investment opportunities in this market. Ask your Real Estate Agent about these new developments.

Para obtener más información, visite nuestro sitio web o llámenos a este número de teléfono: +1 (786) 663-3395

A mortgage loan? Cash payment? Both?

The payment method to use for the purchase of a property will depend on the amount of money you have available to invest, as well as your credit reputation. The budget you have will help you choose the area, the type of land and the dimensions of your new property.

There are mainly two methods of payment:

Through a mortgage loan granted by a financial institution.
Through a cash payment.
If your option is to buy using the cash method, then you know what budget you have. However, even with the money, it is always good to consider financing, which could help you buy a more valuable property.

However, if you do not reside in the United States and want to buy a property here, there is the possibility of applying for a mortgage loan, with an initial payment that usually ranges between 25% and 50% of the total price of the property, and an average interest rate of between 5% and 7% for a 30-year term.

For people who are residents or are American citizens, these numbers change abruptly because they could buy a property only by providing an initial amount of approximately 9% and in many cases closing costs are included.

Once you are clear on the payment method you want to use, cash or loan or even cash and loan, then we can talk about the budget. This will allow you to determine the zones and types of properties to which you could have access.

Just Reduced! Motivated Seller!
The Asia Condo -PRIVATE Island Paradise
900 Brickell Key Blvd 2805 Miami, FL 33131

Miami, FL Condo For Sale - 900 Brickell Key Blvd JUST REDUCED!. 900 Brickell Key Blvd - Miami, FL Condo For Sale| MLS # A11372899

Just Reduced! Motivated Seller!
The Asia Condo -PRIVATE Island Paradise
900 Brickell Key Blvd 2805 Miami, FL 33131

BEAUTIFUL UNIT. ASIA CONDO 2 BEDROOMS AND 2.5 BATHROOMS WITH MARBLE FLOORS, HIGH CEILINGS, PRIVATE ELEVATOR, ELEGANT KITCHEN WITH BEAUTIFUL VIEWS. AMENITIES INCLUDE A TENNIS COURT, POOL, GYM, STORAGE, PARTY ROOM, RACQUETBALL COURT, whirlpool bath, SAUNA, AND 24 HOURS VALET. 2.5% COMMISSION TO BUYER'S AGENT.

https://www.dropbox.com/s/igk5wduuj2o4hcj/slideshow.mp4?dl=0

A Real Estate Agent or REALTOR® is an advisor that specializes in the buying and selling residential and commercial property. He or she is a member of the National Association of REALTOR®, a professional association with more than one million members in the United States and more than 39,000 in the state of Florida.

The advice of a Real Estate Agent when buying a property is essential, because they know the financial, tax and legal environment of Real Estate. An experienced Agent will respond to questions from customers, in addition to having the knowledge, contacts and resources needed for the sales transaction to be successful.

Who pays the commission of the REALTOR®?
In a purchase or sale of a property, there are generally two Real Estate Agents involved, one who represents the seller and another who represents the buyer. Usually the person selling the property is responsible for paying a commission that is usually between 3% and 6% of the sale price, which means that the buyer does NOT have to pay the commission and should not worry about this. Payment of the commission of the REALTOR® is included in the work of the “House of Titles”.

Costs of the advice of a Real Estate Agent
When you buy a property from a Real Estate Agent, this has no cost. The only one who pays the commission is the party who sells the property.

Your future taxes and liabilities may be affected if you buy your new property with a company or buy under your own name. An accountant or lawyer can help you select the best option. It is common to observe that the use of an LLC (limited liability company) is the most frequent due to:

This protects the owner of possible lawsuits related to the property.
Allows you to deduct the expenses generated by the property.
It allows owners to avoid double taxation.
Now, is it appropriate to create an LLC for each property?

If there are several properties purchased with a single LLC, one property could expose the others. The suggestion, decision and creation of an LLC type company does not present any difficulty, however, it is preferable that it be carried out by qualified personnel and it is not an activity that a Real Estate Agent is authorized to perform.

BEAUTIFUL UNIT. ASIA CONDO 2 BEDROOMS AND 2.5 BATHROOMS WITH MARBLE FLOORS, HIGH CEILINGS, PRIVATE ELEVATOR, ELEGANT KITCHEN WITH BEAUTIFUL VIEWS. AMENITIES INCLUDE A TENNIS COURT, POOL, GYM, STORAGE, PARTY ROOM, RACQUETBALL COURT, whirlpool bath, SAUNA, AND 24 HOURS VALET. 2.5% COMMISSION TO BUYER'S AGENT + $5000 BONUS, IF YOU HAVE OFFERED FOR THE FULL PRICE.

¿Cuánto tiempo lleva comprar una casa?
Las casas no siempre se compran o venden en un período de tiempo específico debido a una variedad de factores que no siempre se pueden determinar o controlar. El proceso de comprar una casa comienza cuando, decide que va a comprar una casa y comienza a buscar la ubicación y propiedad perfecta. No hay un período de tiempo garantizado para la búsqueda de compra de vivienda pero se puede estimar entre 16 semanas o aproximadamente entre 30 y 45 días.

Se puede considerar como la posibilidad de comprar una propiedad en Florida a modo de inversión. El dueño entrega las llaves y a cambio recibe una renta mensual sin preocupaciones. Se trata de una gestión completa en la que el propietario recibe el alquiler mensual y se despreocupa del resto.
Determina si lo que quieres es una segunda casa. Si tienes dos casas, podrías considerar la posibilidad de alquilar una de ellas durante la época en que no la habites para así obtener un ingreso adicional.

Considera la posibilidad de invertir en una propiedad para tu jubilación. Si crees que Florida es un buen lugar para pasar tus años de jubilación.

Si tienes dudas estoy dispuesto a resolver las mismas. Escríbeme, el tiempo de tener un inmueble es ahora.
́dito ́n ́n ́n # Hipoteca

A Real Estate Agent or REALTOR® is an advisor that specializes in the buying and selling residential and commercial property. He or she is a member of the National Association of REALTOR®, a professional association with more than one million members in the United States and more than 39,000 in the state of Florida.

The advice of a Real Estate Agent when buying a property is essential, because they know the financial, tax and legal environment of Real Estate. An experienced Agent will respond to questions from customers, in addition to having the knowledge, contacts and resources needed for the sales transaction to be successful.

Who pays the commission of the REALTOR®?
In a purchase or sale of a property, there are generally two Real Estate Agents involved, one who represents the seller and another who represents the buyer. Usually the person selling the property is responsible for paying a commission that is usually between 3% and 6% of the sale price, which means that the buyer does NOT have to pay the commission and should not worry about this. Payment of the commission of the REALTOR® is included in the work of the “House of Titles”.

Costs of the advice of a Real Estate Agent
When you buy a property from a Real Estate Agent, this has no cost. The only one who pays the commission is the party who sells the property.