Buying - StatelandBrown Blogs

Reverse mortgages: Myths vs. realities

Reverse mortgages: Myths vs. realities

There are a lot of misconceptions surrounding reverse mortgages. I've highlighted six here that seem to come up most often in conversations with clients. I hope these will help when considering whether a reverse mortgage is the right path for you.

Posted on: 2017-03-09 16:02:34

Read Blog

Closing agent vs. escrow agent: Aren’t they the same thing?

Closing agent vs. escrow agent: Aren’t they the same thing?

In Florida Realtors’ contracts, there are spaces for the escrow agent’s information, including name, address and telephone number. Not only is this information required — 61J2 14.008(2)(b) of the Florida Administrative Code, aka your FREC rules – it also lets the buyer know where to place the deposit once due under the contract.

Posted on: 2017-02-20 21:07:21

Read Blog

Yes, you really do need a Realtor. Here’s how to find one

Yes, you really do need a Realtor. Here’s how to find one

Realtor checklist

Ask your prospective broker:

1. How long have you been licensed?

2. Where do your comps come from and why are they the most accurate look at value in this neighborhood?

3. What is the average number of days on the market in this area?

4. What is the five-year outlook for this neighborhood?

5. Will this home require hurricane insurance, and can you or a recommended insurance broker provide a range for the cost?

6. What percentage will you be paid for completing a sale?

Posted on: 2017-02-13 18:12:50

Read Blog

Is there any leeway in over-55 community rules?

Is there any leeway in over-55 community rules?

While the Fair Housing Act prohibits discrimination against protected classes, including families with children under the age of 18, federal guidelines permit exemptions for communities designed for older adults. The primary rule, among other things, is that the community's board must prove that at least one resident in at least 80 percent of the units or properties is 55 or older.

Posted on: 2017-02-07 18:04:32

Read Blog

Lenders still don’t use best credit-scoring models

Lenders still don’t use best credit-scoring models

You probably know that your credit score is a crucial factor in your ability to qualify for a mortgage. You might also know that your score can vary depending on the type of scoring model your lender uses. If it's an old, outdated version you might get a lower score. If it's a newer, more advanced model, you've got a better shot at being scored more fairly.

Posted on: 2016-12-08 20:46:24

Read Blog

4 of 5 top Miami home seekers from South America

4 of 5 top Miami home seekers from South America

Colombia remains the top foreign country searching for South Florida real estate, according to new data released by the Miami Association of Realtors®. The South American nation finished as the top international country using Miami's search portal, and it has been No. 1 for nine consecutive months.

Posted on: 2016-12-05 15:37:54

Read Blog

Lots of positive trends in today’s housing market

Lots of positive trends in today’s housing market

What fall slowdown? In many markets across the country, the housing market is showing anything but the typical seasonal slowdown. In fact, a report released by the National Association of Realtors® (NAR) finds just the opposite.

Posted on: 2016-12-05 15:29:57

Read Blog