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The Right Cape Coral Real Estate Agent Makes a Difference.

The Right Real Estate Agent Makes a Difference

Whether you’ve lived in the same place all your life or moved multiple times, finding the right real estate agent for you can be challenging.

 Aside from the regular duties of selling your home and helping you find another, you need an agent who knows the loops, stands by honesty, and is aware of not only your needs but also your dreams for a property. Your realtor can be the key to a successful property purchase or sale.

Here’s what characterizes an exceptional real estate agent, and why Rebecca Silva is an expert in this field:

Choose Someone Who Subtracts the Science

Because of all the details associated with property buying and selling, you need a representative who knows the loops and takes the confusing science out of the process. If you are not accustomed to real estate, you need a person who already knows the business details of realty and can clearly explain what you need to know.

For example, your agent will probably be able to help direct you based on their knowledge of the first rule of real estate: location, location, location. If basic principles like this are not in their skill set, you may end up transplanting your young family into a beautiful house … that’s 70 miles from your kids’ school or where you work.

When the fog of buying and selling threatens to close in with daunting paperwork, complicated terms, or too many options, just take a breath of fresh air and let your specialist provide ease and clarity.

An expert agent will subtract the science of making buying or selling property seem effortless.

Someone Who has a Short Nose

As a child, you have probably seen the Disney movie Pinocchio. Everytime Pinocchio told a lie, his nose grew longer until it almost crippled his movement. Unlike Pinocchio, you need a realtor who has integrity, honesty, and a reputation for ethical business practices.

As a client, it can sometimes be hard to interpret lengthy paperwork or predict the next processes in a sale, but if you select an agent you can trust, there is no need to fret about whether or not you are taking the best route of action.  

More than worrying about their pocketbook, a realtor should give honest advice, deal fairly with each party involved, and even be transparent with you when they have messed up. If you find a realtor with these characteristics, STOP! You have found an expert agent with a figuratively short nose.

Someone Who Knows You

While qualities of knowledge and ethics are important, a real estate agent that knows you can be very valuable, sometimes meaning the difference between your dream home and one that just provides the basics. Since the process of finding a property involves many diverse desires, your agent should be on the lookout for properties that reflect those dreams. As a good agent gets to know you, he or she will tune in to your dreams and ask questions figure out what specifics you’re looking for in a property.

Realtors should also know what kind of community you need, whether it is a safe place for your family, a peaceful location for retirement, a close distance to entertainment and attractions, or a potentially profitable property to start a business.

In addition to the community, the property itself should be on the forefront of your realtor’s thoughts as they link your desires to the options they have available. Will you need a fence for a pet or the protection of your children? Does the building have enough rooms and bathrooms for what you will use? Or maybe you need a mother-in-law’s quarters? These details should factor in.

Someone Who is Here

Now that you know who the best real estate agent is, let me suggest Rebecca Silva as your go to in the realty world. She meets all of the characteristics of an expert realtor. With a masters in business and almost 10 years of experience living in the community, Rebecca Silva easily navigates the difficult details of buying and selling so that you can be confident in your property decisions. What a relief!

Keep It Together- Contact Rebecca Silva Realtor

In addition to knowing the ins and outs of realty, Rebecca Silva has a reputation of helping people find their dream homes. She not only takes the time to listen to their concerns, but is passionate about serving her clients even if that means more work for her.

“With Becky’s assistance,” one happy couple explained, “we found the home of our dreams and we cannot thank her enough!”

Rebecca Silva is an expert realtor ready to help.

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Attractions, Property and your Expert Cape Coral Realtor

Attractions, Property and your expert Cape Coral Realtor.

While Cape Coral and Fort Myers are known for the estates of Henry Ford and Thomas Edison and the breath-taking views of the Gulf of Mexico, what baffles many when entertaining the thought of buying or selling property in these towns is how to navigate through realty details.

Questions like, “Should I look for a home on the coast?” or “What part of town is best for retirees?” are some a buyer might wrestle with. On the other hand, those with real estate to sell might have other questions like “What can I do to close a sale on time?” and “What are the dynamics that the community is looking for in a property?” With an expert realtor, you will easily be able to answer these and other questions about property in the Cape Coral and Fort Myers area.

Thankfully, Rebecca Silva is that expert in Cape Coral as well as in Fort Myers. She is the go-to real estate agent with an honest approach, a mature knowledge of realty, and the answers to help you make the best sale or purchase in the Southwest region of Florida.

Why Move To Cape Coral Florida?

Numerous retirees, singles, families, and businesses alike have chosen Cape Coral and Fort Myers to be their home because of the many attractions these cities offer. The dramatic population growth over the last few years has spurred expansion of all kinds. New and old shops, entertainment, and restaurants are being made available as popular places for residents to spend their time.

For example, one of the most visited shopping attractions in the area, the aesthetically stunning retail complex Coconut Point offers over 140 shops, 25 restaurants, and a theatre.

If shopping isn’t your thing, maybe you would enjoy observing history and art through the multiple museums and galleries residing in these towns. Rich history can be found. At one point in time, the Calusa Indians also called Southwest Florida their home.

But don’t forget about the outdoors! If you love being out in nature, Cape Coral or Fort Myers should be on your list of prospective homes. There are at least three nature parks for people to get their “outdoors” on with biking, camping, hiking, or even horse riding activities.

Undoubtedly, Cape Coral and Fort Myers, Florida are attractive communities for anyone looking to buy or sell real estate.

Things to Consider Before Listing

Cape Coral and Fort Myers are booming! The growing, growing demand for additional residences in this area is met by current property sales as well as all types of new construction.

You name it; it’s here. Amazingly, Cape Coral and Fort Myers have properties to meet your dream vacation, your retirement hopes, and your unspoken desired amenities. Options including luxurious mansions, open land plots, new construction homes, canal access places, duplexes, townhomes, beachfront properties, and numerous condos possibilities are endless. Big or small, Cape Coral and Fort Myers are an all-inclusive real estate community.

Who is Rebecca Silvas Realtor?

While all this information is great, what now? How can you weed through all the details these cities have to offer and find the place you need? Who can help? You need a realtor who can skillfully walk you through the process of sales and purchasing, and Rebecca Silvas is just that. She is an honest, experienced, and professional realtor who can help meet your purchasing or selling needs for the area.

After living in the area for almost ten years, Rebecca Silva has learned the ins and outs of the population and can easily articulate benefits, even quirks, of the Cape Coral and Fort Myers areas. In addition to her experience, Ms. Silva has earned a Masters in Business, bachelors in hospitality, and realty license. She delivers professional knowledge to her realty clients. Lastly, the character of this expert realtor is made evident through numerous testimonials of her honest dealings. She has a “passion for being of service for others.”

With this combination of experience, education, and personal honesty, Rebecca Silva skillfully walked sellers and buyers through the details of property selling and buying.

Take action!

So, whether you are planting roots, looking for a business opportunity, or have some other type of property needed for the Cape Coral or Fort Myers area, don’t worry about the messy details. Rebecca Silvas is just a call or email away. Contact her today!

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Selling a House In South West Florida: Obstacles or Opportunity?

Repairs needed, buyer’s market, minimal sales knowledge, very few amenities–these are just a few of the challenges sellers may face as they work through the ins and outs of selling a house.

But what if I told you that sales obstacles could be transformed into an opportunity? Finding an opportunity is more natural than washing the dishes or changing a light bulb. The key is simple: look at obstacles as opportunities.

In general, there are three major types of opportunities that factor in selling a home.

  1. The first has to do with location dynamics.

  2. The second opportunity is about your home itself,.

  3. The third concerns you.

 

By viewing obstacles as opportunities, you will find new success in all three of these areas and solve the mystery of how to sell a home amongst a sea of difficulties.

The Location of Your Property

While individuals new in the world of home sales might be inclined to focus selling points on the physical features of a house like a granite countertop or a new roof, the first law of real estate points them instead in a different direction: location. Location plays a significant role in real estate sales.

The location of your property will determine what type of economic market your house is in and what kind of obstacles you may face. While there usually are very few obstacles in a seller’s market, for example, there are many in a buyer’s. If your property is in this type of market – one, where there is a surplus in property listings. You may not be able to sell quite as easily as you would have in the seller’s market.

But don’t get discouraged. This is a prime chance to transform your roadblock of marketing location into a confident sale. Target a specific niche. Because buyers come in all walks of life, they will be looking for a particular home to meet their needs. First, figure out what type of person would be looking for your unique home, then market it to them specifically. You have just turned an obstacle into an opportunity! Good work home seller!

Another type of location obstacle can be the area around your home and what it has to offer. Is your listing a short distance to the grocery store? Does it present the purchaser with a short drive to work or school? How far is it from loved ones? These all factor into the location of your house for sale.

While you are unable to control some of the details a buyer may desire, you are able to reveal location opportunities that your property region offers. Maybe your property is across the street from a park. Maybe it is in the quiet, retirement community your buyer was looking for. Or maybe it is close to a major highway on which an owner could quickly access work, school, or shopping. Simply identify and accentuate current opportunities and alternatives to obstacles.

Now that you know the first rule of realty–location, location, location–you can become aware of your market type and the advantages your property’s location has to offer buyers. With a keen understanding, you will be able to catch an individual’s eye by presenting them with opportunities instead of obstacles.

The House- Is it Really Ready To List for Sale?

But what about the house itself? Granted, it may seem basic; many sellers misunderstand their property’s potential by worrying about physical property obstacles.

One obstacle that homes almost always have needs for repair. Whether it’s filling in a single nail hole or replacing a foundation, properties are in continual disrepair, and buyers will be conscious of these conditions as they decide yea or nay to your listing.

Here again, the idea is to change that obstacle into an opportunity. To do this, first do a cost-effect analysis. Will your property bring a better sale if you fix its broken parts, or would it end up adding more to the property cost than a buyer would be willing to pay?

A good rule of thumb is to have your house inspected before deciding how much time and money to invest in it. Your inspector should let you know what repairs are required by law and which are advised, as well as provide you with a compiled list of repairs needed. From there, you will be able to determine which repairs are necessary and which are less cost effective.

Other characteristics like home or property size, functionality, and amenities are also important to most home buyers. Simply focus on what your house has to offer while also accentuating alternatives for what it does not have. Remember, transform obstacles into opportunities to sell a home.

The Buyer- How To Attract The Ideal South West Florida Home Buyer.

It might be surprising to find out that you, yes you, are a critical part of a successful real estate sale. Your ability to catch a purchaser’s eye through house staging, your appropriate pricing of the property, and your flexibility to allow for frequent showings are essential aspects of a successful sale.

It is your job to tear down the walls of obstacles for home buyers, so that they too can begin to see the opportunities. Avoid being an obstacle yourself while at the same time help others see the potential.

staging a home for sale in sw florida

Home Selling Process

Selling a House In South West Florida: Obstacles or Opportunity?

Keep It Together- Contact Rebecca Silva Realtor

You got this! Yes, selling a home can be challenging, but by transforming obstacles into opportunities, you will present a real estate offer full of opportunities. Remember to ask your realtor for help in this process, and just enjoy the ride. When you think positive you will be off to the races in this competitive world called real estate. Do you need help creating a solid plan for  selling your South West Florida Home? Contact Rebecca Silva using the contatc form below, for a no cost real estate assemnet of your selling and buying needs.

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Investing in Property Management in Southwest Florida

Thinking of real estate investment or adding some more to your portfolio? Southwest Florida is a growing market for real estate investments. The Fort Myers and Cape Coral area are among the fastest-growing metropolitan areas in the nation. Just check out these stats!

  1. The population has grown 22% from 2010-2018.
  2. The area has a lower unemployment rate than the national average.
  3. The area’s job market is projected to increase by 44.0% over the next ten years – that’s 6.5% higher than the national average!
  4. The sales tax rate for Fort Myers is 6.0%, or 1.3% less than the national average.
  5. The income tax rate is 0.0% compared to a national average of 4.6%.

You can see why people are moving to this area, and we haven’t even covered things to do or the beauty of Southwest Florida.

 

real estate investment sw fl

Benefits of Investing in Southwest Florida Property?

Real estate investment has a more favorable risk vs. reward compared to other types of investments, and renting isn’t the only option when you’re talking real estate investment. We’ve all seen the few popular TV shows like Flip or Flop and Property Brothers all about people’s journeys flipping houses. There is a real market for flipping homes in Southwest Florida. But it’s not all about a quick turn around either. Some invest in real estate, hoping the value of the property continues to increase over a period of five to 10 years, then they remarket the home. The most common is renting the property long term. Cash flow is king in real estate investment.

Investing in Property Management in Southwest Florida

What to Look For in a South West Florida Investment Property

Location. The type of community the property is in sets the tone for the kind of tenant you can expect to rent from you. You want a property in a friendly community that’s inviting for families, retired couples, or business people. You know what these communities are like, think of what type of community you would live in.

Knowing surrounding areas can be crucial as well. You don’t want to purchase a property where there is going to be a large factory-built across the road in the future. The industrial property will decrease the value of your home for resale. People like scenic views, good community feel, and access to amenities.

Attraction Value. The property needs to be inviting as well. Attractive properties have good roads, well-lit streets, and well-kept landscaping. The house itself needs to be attractive as well, a good floor plan, a deck or patio, and a well-kept interior and exterior. Many things can attract or repel your ideal renter. If you have an “ugh” feeling about something, chances are your perfect renter will get the same feeling.

Type of Property. There are many options, including apartment complexes, duplexes, and single-family homes. Each of these has positives and negatives. Investing in an apartment complex means you have income from multiple tenants coming in, but the cost of maintenance may be substantially higher. With a duplex you get two tenants in one property, meaning you’re still getting income if one moves out – but you may have double appliances that may need to be fixed and other possible repairs. Single family homes are easy to find renters for if the property is good. There will be less less maintenance costs compared to apartment or duplex complex, but the downfall is less renter cash flow.

Time Investment. Do you have time to be a landlord, repairman, and groundskeeper? Do you want to collect a rent check or work for a rent check? Many property management companies will do your dirty work. They won’t do it for free, but what is our most valuable asset? I think the answer is time. You cannot buy more time, but you can pay someone to take care of complaints, yard work, or repairs, which equals more time for you.

Getting Help

You’re going to need someone who knows where to find these properties. Rebecca Silva has been involved in real estate in Southwest Florida for a decade. She not only works here but lives here as well. Rebecca Silva has a network of colleagues in the area that are involved in all aspects of the real estate industry. Rebecca Silva is passionate about helping you with your real estate needs.

For an indpeth free consult fill out the contact form below to reach Rebecca

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Things To Consider Before Building Your First Home In South West Florida

Building Your First Home in South West Florida

It doesn’t matter if you’re a police officer, firefighter, nurse, paralegal, or teacher. No matter what your occupation is, your first home is a big step in life! This will probably be one of the most significant expenses you ever have, and your first home is a great investment toward your future.

There are many benefits to building over buying your home, including having more choice in design, location, energy efficiency, and warranties

Benefits of New Home Construction

The Design

The decision to build instead of buy means you get to design your home exactly the way you want it. Why live in someone else’s dream home? Their dream home probably is not the same as your dream home.

Everyone has different ideas on what makes a perfect home. If you enjoy having people over, you’d like a large dining area along with a large kitchen. Newly weds may want to have kids or could already have kids, so extra bedrooms or a play area would be helpful. How many restrooms are needed? How about smart technology. The list is endless. With new construction you get to choose the layout and design so your home will suit your needs.

The Location

This is as important as design. You dream house isn’t going to be across the road from a landfill, sewer plant, or railroad tracks, right? New construction allows you to choose where you want to build your dream home. Do you prefer rural area with five acres, a subdivision with a playground, maybe a certain school district you like? Building means you get to choose location, and not just pick from what’s available.

Additionally, new housing developments tend to have lower crime rates. New construction gives you the ability to choose where your home will be built, not settle on a place that isn’t exactly where you want.

Energy Efficiency

Saving money is important. New construction allows you to be as green and efficient as you want. Energy efficient products have improved a lot in the last ten years, which means big savings to you in the long haul.

Warranties

This is pretty self explanatory. All new appliances, HVAC unit, and roofs all have warranties. What is the cost of replacing a roof, fixing plumbing leak, or replacing HVAC? Probably more than you want to spend. With a new build, you are guaranteed things will be in good working order – no surprises. Peace of mind isn’t overrated. New products should give you years of trouble-free use, and lower maintenance costs are always welcome.

Build Your Dream Home Today

Buy SW Florida Duplex

New Home Builds

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Want To Earn Income Investing In Real Estate? 5 Things You Need To Know

Real estate income investing has been around for ages. Why? Because having a piece of land has been one of the most steadfast ways to increase your cash flow.  From ancient history (when it was profitable to have a place to grow crops and raise livestock for income) to present day rentals, leases, and even modern farming, real estate has remained constant for income investing.

 

Are your wheels turning yet? Good. You should work smarter, not harder. Let’s continue with a quick guide to how to start investing.

1. What Is Real Estate Income Investing?

There are numerous ways to increase your cash flow when delving into income investing.  Knowing what options are available to you as well as having a good working definition of how to start investing will be your first key to success. Consider the three main ways to make money in real estate:

 

  1. Real Estate Appreciation:  This means that the property you purchase increases in value. It can be a bit tricky, though, and you will have to do your research. Is there a high demand for property in the chosen area? Will the property be attractive to potential buyers or renters? How much will it cost you to upgrade the property, if needed?
  2. Real Estate Related Income:  This is a method of investing by making commissions from buying, selling, or managing properties. Brokers, agents, and rental management companies utilize this form of income investing.
  3. Rental Properties:  Rental properties will generate a monthly income for you. Whether houses, apartments, condominiums, office buildings or retail properties, if you can keep them occupied, you can collect monthly income. Rental properties are the easiest way to get steady cash flow.

2. Investing In Rental Property

When it comes to owning passive income property, there are a few different options to choose from:

  • Residential:  People need homes.If you’re considering investing, this is a good place to start. First, buy a property in a desirable location, then rent the house at a rate which will bring in more than your monthly payment for the property. As long as you have tenants, you have a monthly passive income flow. Houses, apartments, and condominiums are great properties to start with when considering income investing.  
  • Commercial Real Estate:  This method relates mostly to office buildings.  You should consider the pros and cons. The good: You get long-term renters and steady cash flow, especially if you are collecting rents that are greater than the market value of the property.  The bad: You are locked into the lease as well, and may miss the return that would come if the market value of your property went up.
  • Retail Real Estate:  These are your standard shopping areas, strip malls, shopping centers, and malls. With this type of income investing, you can charge not only monthly rent, but a percentage of the store sales, which would be a great incentive for the lessor to make the property attractive to buyers.
  • Multi-use Real Estate:  This is for the income investor who wants to do it all with one property.  A multi-use property could have retail spaces, office space, and residential spaces. The beauty of such a location is that you have the potential for built-in customers on all levels.  

 

You may not be interested in just straight passive income. You may think of income investing as investing and buying trusts in properties. Well, guess what? There is something for you too.

 

3. Real Estate Investment Trusts (aka REIT’s)

For the business and tax structure minded investor, REIT’s are a good option. You can buy these trusts through custody accounts, brokerage accounts, and Roth IRAsMany people choose this manner of investing because of the potential tax incentives and the ability to invest in larger projects. REIT’s also help corporations get the funding needed, via investors, to afford sizeable real estate projects, such as luxury hotels and shopping centers.

 

For more information about REIT’s, visit Investopedia.  

4. Investing Through Home Ownership

Homeownership is the first way that most people start their income investing journey. It’s one property, easy to manage, provides a home for your family, and has good income earning potential. A home is not the same kind of real estate investment as a commercial property or apartment building.  You live in it, enjoy it, and use it for your personal life. You put money into it and at its best, it increases in equity.

 

There are many practical and money-saving reasons for owning a home. When you own your own home, you are not putting rent in someone else’s pocket. A home mortgage is often lower than rent because the owner will price the rental to make a profit. If you have a mortgage, you are saving the extra income that you would have been paying in rent.

 

Pay off your home before retirement, and you have options to get equity loans against your home for other things you want to do. Home ownership is a viable income investing opportunity, as it is a gift that keeps on giving.

 

I’m sure you are just about ready to make the call. Let’s look at one more very popular way to get into income investing.

 

5. Investing In Real Estate By “Flipping”

 

Flipping properties (or real estate trading) seems to be the rage right now. The property trader does the exact opposite of buy-and-hold investors. They look for undervalued properties that can be fixed up and sold in a few months for a profit.

 

The problem with using real estate trading as an income investment option comes when the property doesn’t sell quickly, and the investor doesn’t have the money set aside to continue to pay the mortgage on the property. So be smart if you choose to invest by flipping.

 

The information above is just a small bit of what the starting income investor needs to now to be successful. It’s easy to get started. If you would like more information on how to start investing, contact us.

 

 

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10 Things to Know When Buying New Construction in Fort Myers, Florida

Buying a new home in SW Florida can be daunting. Building a new home can be even more so. Here are ten tips that can help you navigate the waters of new construction buying.

1. Not All Agents Know The New Construction Business

Real estate agents tend to develop their skills in particular niches. Some agents familiarize themselves with the new construction business. Many construction companies have affiliated agents, and while they are amazing, their job is to sell the builder. The independent agent’s job is to sell you your dream home. There are agents that are available in the construction business and can walk you through the process of deciding what you want and don’t want. If you are going to build new construction, build something to love.

2. Savings Programs Can Help

Numerous reasons exist to buy a new home, and one is the savings that are available from various lenders. Between federal, state, and local lenders, there are a variety of programs out there to make homeownership accessible and budget friendly. The best part is that your agent has connections to lenders you can contact, and know which lenders have the know-how to help!

 

3. Negotiations are Important

Unlike previously built homes, you typically can’t negotiate to lower the price – builders aren’t this flexible. However, many hard-working builders are willing to negotiate with you about other options (also known as “back-end options”). Your real estate agent can negotiate with your chosen builders for upgrades, such as a granite countertop dual sink in the master bathroom, or even help you with available negotiating tools you can use to get the upgrades you desire. Sometimes you can talk the builders into paying closing costs. You benefit in the long run from negotiating with your builders.

4. What Is Included With Your New Construction Home?

What most people don’t know is that the model home you look at isn’t always the base model. Many times, you can see upgrades intertwined in the model home, which can mislead you. Your agent’s job is to help you understand exactly what you will be getting if you purchase the home. He or she needs to either accompany you to the viewing or help you with a list of questions to ask to make sure you are clear on what you would be purchasing or where there may be potential for a price increase.

5. Who Is Building Your Home?

Ask questions and determine who will be building your home. “Buyer beware” is always a good standard to have. Many online forums exist to research your builder. Review what previous clients have experienced and if there have been any issues with the builder recently. From the BBB to Yelp, or even asking friends and relatives, you should be able to get a pretty good idea of who is building and if the work is exceptional or not.

6. Warranty Peace of Mind

There are some major benefits to Buying New Construction, including knowing that everything will be up to code. Many builders will have a warranty that you can purchase,  or that builders will include in your new home. Enjoy peace of mind while you begin to build your new life in your new home, knowing that if an issue arises or an appliance doesn’t work right within the warranty time frame, the warranty covers it. Not all warranties are created equal, so let your agent help you decipher what warranty benefits the builder includes.

7. No More Repairs

It is common for buyers of pre-existing homes to discover issues in their new home that need repair. Many homes in the pre-existing market will require more than one type of repair. Many repairs can be expensive, such as a new roof, a complete overhaul of electrical wiring, or possible hidden rotten wood. By building a new home, you can relax with peace of mind, knowing that there won’t be immediate repairs before or after purchase. Commonly needed repairs in pre-existing homes arise due to the water heater, garage door, or other items that are as new as ten years old. By building a new home, you can avoid these costly repairs.

8. Your Preferences Are the Priority

One of the best benefits of a new construction home is the fact you get to choose your colors and patterns. Many times, people have been looking to buy a home and immediately find five things they do not like about the carpet or counters. Buyers tend to enjoy spending more time picking out what they like rather than wondering if they will have buyer’s remorse later. Newly built homes tend to have more open floors plans than older homes of different eras. Open floor plans are a draw for many buyers who are contemplating building instead of buying pre-existing homes.

9. Choose Which Building Route You Want To Take

The agent’s job is to help you decide between an architect, hire a contractor and build a custom built home, or go with the semi-custom home builders. Semi-custom homes are those that are offered as models, that you can customize while keeping the basic floor plan the same. If these aren’t your cup of tea, we can help with pre-built type homes and help to find financing to go along with them.

 

10. Build a New Home and Leave Yourself Financially Better Off

The final benefit to consider about building a new construction home is the fact that buying a home will leave you better off financially. Newly constructed homes, like others, will grow in appreciation and allow for you to have money in retirement or to borrow against if need be. You can also expect to have green appliances – no not the color green, but energy-saving appliances that will help year after year to keep your wallet bigger and your bills smaller. There are also tax savings on the mortgage interest to claim each year.

 

Your real estate agent can help you discover all of the advantages of building a new construction home for you and your financial portfolio. Please contact us today to discuss the benefits that can help you better your future in your new home.

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Here’s What to Expect When Closing on Your Home

You’ve reached the finish line. House shopping is over, you’ve gone through the loan approval process, had the home inspected, and now you’re just waiting for the day you receive keys to your new home. What happens on that day, though? The day that payment and keys change hands is called the settlement, or closing day. Most refer to it as your closing signing, but it is when you settle all pending payments, and all documents about the transfer of the title deed are signed. Expect these steps when Closing on a House.

Double Check Your Documents

Before you go to your closing appointment, review the documents that you have, which should be your loan estimate and your closing disclosure. The loan estimate should have been provided to you within three days after your loan application, and your closing disclosure should have been submitted to you no later than three days before your closing appointment. These documents should look very similar, if not identical. Check all pertinent information and make sure it is accurate. You should double check, if not triple check, your interest rate information and your address. If you see any discrepancies on anything at all, don’t hesitate to ask why.

Final Walk-through

About 24 hours before the closing signing you will have the opportunity to do a final walk-through. Make sure you are very thorough and detailed when completing your final walk-through. If you had a home inspection in the beginning, and you definitely should have, confirm that any repairs you requested of the seller are completed and up to your standards. There are specific parts and functions of the home that are a high priority to check:

  • Make sure all of your outlets are working.
  • Check that the light fixtures and ceiling fans are operational.
  • Inspect the ceiling and walls to make sure there are no cracks in them.
  • Ensure that both the water heater and HVAC system are running properly.
  • Check that the plumbing in the home is fully functional. (This is a huge one because you want to make sure you can remove waste properly.)
  • If the home purchase includes appliances, check to make sure they are all plugged in and operational.
  • Check for any new damage that might have occurred, like holes in the walls, missing roof shingles, and spacing in the floorboards.

Who Will Attend

At the place of signing, there will be a few different people there, so be prepared for a crowded room. The signing usually takes place at the closing agent’s office. The closing agent is typically the title officer, but it could be an escrow company officer. It just must be a neutral third-party that is extensively knowledgeable about the closing process. Those attending this meeting will most likely be you, your real estate agent, the seller, their real estate agent, and an attorney for both parties if requested.

There will be a few other people in attendance who are more neutral, including the closing agent, the lender, and if you have one, the title company representative. It is necessary for all of these people to be present, because not only are you transferring the deed to the house, but signing documents for your home loan as well. Many other papers will get approved, so make sure you are not skimming through any documents. Every single word needs to be read to ensure you are not getting yourself into a bind by signing something to which you wouldn’t knowingly sign.

Vital Items to Bring

When you go to your closing signing, some items are necessary for you to bring. You must have your photo ID. If you don’t, you aren’t going to be able to sign any paperwork because they won’t be able to verify that you are you. You also need to bring a cashier’s check or a certified check because personal checks aren’t usually accepted. Your funds need to have verification, and this is the easiest way to make sure of that unless you choose to do a wire transfer. You are going to need proof of your homeowner’s insurance to verify that you purchased it, and the final purchase or sales contract, just in case.

The Final Signing

On the closing day, the amount of documents you are signing is extensive. You are signing the title to your house obviously, but there are other documents on the agenda as well, such as your promissory note, initial escrow disclosure, your mortgage documents, and your deed of trust. The promissory note is just an agreement that you will repay your mortgage loan. It includes everything about your investment like monthly payments, interest rates, and the amount owed on loan. Your escrow disclosure is a document that explains how your lender will disburse funds into your escrow account. It will give a breakdown of dates and the amount to be paid on each escrow item, like your property taxes, HOA fees, and homeowner’s insurance.

Time

Closing signings are not quick in and out meetings. It will take at least a few hours, so be ready for it to take a significant length of time. Make sure that you read every single paper, from the large, bold print down to the tiny, fine print. Everything needs to be understood. Don’t skim through any documents, because this is a substantial investment and you want every word to be correct and legal in every form, as a precautionary measure to protect yourself.

Buying a home is a beautiful adventure. You have already taken the hard steps in the home buying process, and the closing signing isn’t something you should have to worry yourself about much. The professionals you hire to help you have your best interests at heart and will make sure everything runs smoothly. Be prepared for the closing process to take significant time. You might experience hand cramps, but you’ll receive your keys and title to your home.

Be sure to contact us for assistance with your Fort Myers, Florida home buying experience.

 

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Thinking About Downsizing Your Home? Here’s Why You Should

Baby Boomers all over the country are thinking about downsizing their large family homes in exchange for smaller homes in southwest Florida. Cape Coral and surrounding areas are a great place for Baby Boomers that want to be active and enjoy the beautiful weather and fantastic attractions. And there are a lot of homes here that are perfect for those whose children have left the nest and now want to enjoy themselves.

According to the AARP, there are more than 8,000 people per day reaching that age where they should consider thinking about downsizing. So if you’ve been considering downsizing, you’re definitely not alone. If you’re a Baby Boomer or an Empty Nester that has thought about downsizing but isn’t really sure if it’s right for you here are some of the reasons why you should seriously consider it:

Less Upkeep While Downsizing your Home for Retirement

As they get older many homeowners don’t want the hassle and expense of maintaining a large family home. There are a lot of expensive things that can go wrong in a large home, and the cost of utilities can be very high. Downsizing to a smaller home, townhouse or condo can eliminate all that extra upkeep and expense.

In luxury communities like Miromar Lakes, all upkeep is done for you, and you can spend your time on activities you enjoy. And even in more affordable communities, you will find that new construction homes require a lot less maintenance than your old family home. You will have more time to enjoy the vibrant Fort Myers art community in the old historical district or spend time at the beach. And you will be able to save money that you can use for more important things.

Downsizing your Home for Retirement

Advantages of Downsizing For a Lifestyle Upgrade

If you have lived in your large family home for many years, you may have a lot of equity built up in your home. Selling your home will allow you to buy a new smaller home that has a lot more luxury upgrades and is in a community that has more amenities. Many Baby Boomers are flocking to new construction communities where the homes are smaller than traditional family homes but have great amenities like Smart Home technology and high-end finishes. These new home communities often have resort-style amenities like luxury pools, saunas and spas, coffee shops, grocery shops, gyms and computer centers. Downsizing from your traditional family home will allow you to live a lifestyle focused on staying active and enjoying a luxurious home instead of spending time and money keeping up that large family house.

When is the Right Time to Downsize for a Lower Cost

As many Baby Boomers get older they get more concerned about the money that they have saved and stretching their income as far as possible. While your family home may have been perfect for raising your kids if you want to save more money for the future downsizing to a smaller house just makes sense. A smaller home means a smaller mortgage, and maybe no mortgage at all depending on the equity that you have in your current family home. Utilities, taxes, HOA fees and other expenses will also be lower. If your biggest concern for the future is protecting your savings and minimizing your living expenses downsizing is the best way to do that.

Another reason why so many Baby Boomers choose to downsize their homes and buy smaller homes is to make sure they can get around and manage the home easily. As Boomers get older and develop health problems like arthritis getting around in a large home or in a home that is multiple stories and requires lots of going up and down stairs can be difficult. And maintaining a large home can be almost impossible for some Boomers as they get older. Downsizing to a smaller home or a home that is just one floor now is a smart way to protect yourself in the future and make sure that you will be able to stay safely at home as you get older. If you are looking for a new property in Cape Coral area, keep reading on.

How to Downsize your stuff

Baby Boomers who have been in their family homes for decades usually are somewhat overwhelmed by the clutter and amount of furniture and possessions they are left with once their children are all grown and have left the house. Getting rid of all that stuff can be very freeing for Baby Boomers who want to start the next phase of their lives without being burdened by things. Downsizing to a smaller home gives Boomers the chance to lighten up. They can pass on sentimental items or heirlooms to their children and get rid of the rest. And selling off that clutter can be a great way to fund vacations, put away money for the future, or invest in new furniture and items for a smaller home.

How to Downsize your stuff

Enjoying Life More

Often Baby Boomers bought a home with their family in mind the first time. So that home may be out in the suburbs, or in a quiet family area far from the hustle and bustle of downtown and other thriving areas that are full of restaurants, shops, art galleries, and activities.

Downsizing from that suburban family home allows older people to live closer to the attractions that they want to take part in. Since they often have a healthy budget due to the value of those family homes they can find smaller homes in great locations near the beach, near the golf course, in the historical district or out in horse country where they can pursue their passions and live a more social and active lifestyle.

If you’ve been thinking about downsizing now that your kids are gone, talk to an experienced South West Florida realtor like Rebecca Silva today to find out the many ways that downsizing can help you enter the next phase of your life and leave behind all the expense, isolation and clutter of that old family home. While your family home was a great place to raise your kids now that your kids are gone you have a lot of options to explore that may fit your lifestyle better now and for the future.

Do you need help with downsizing from your current home to a more comfortable home payment and living situation? You can start by filling out your home evaluation request here or contact me at 239-464-2528 for a free one-one consultation.