Dually Licensed Ronda
Dually LicensedForum Replies Created
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What is interesting about this ruling is that there has never been a set rate of 6% commission concerning buying and selling Real Estate. Real Estate commissions have always been negotiable. It may have been a standard rate for many, but I have known many brokers and agents that consistently listed or was a buyers agent for less than 6%. Whatever the commission negotiated, it was split between the buying and selling agents and then those agents paid their brokerage whatever fee they had negotiated with their broker. People think that agents make a lot of money with commissions and some do, but many have high brokerage fees to pay. When selling New Home inventory for years in Dallas there were times I made 6% on the buying side from the builder. Then I went to selling residential in Florida right after all the foreclosures and short sales and some were offering as little as 2%! That is a big difference, and those are the markets that will harm the agent most if there is further adjustment.
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DSCR loans often have longer terms, allowing for stable and predictable cash flow from the property to cover the debt service. Common terms could range from 5 to 30 years. Here is some general information concerning DSCR loans that may give you further information and understanding of the process. tps://www.mortgagelendersforbadcredit.com/dscr-loans/
mortgagelendersforbadcredit.com
DSCR Loans are no-doc real estate loans. No income doc is required. 20% down payment and a 640 FICO. One month seasoning for deposits.
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Try Neighbors Home Insurance, they are in Southern Florida and I used them for many of my clients and eventually myself as they had some of the most reasonable rates as rates continued to rise. Ask them if they can get you a quote from Citizens. Hope this helps! 😇 Here is their number, 305-383-4040
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Yes, FHA 203K loans are a great way to buy a home and rehab the house simultaneously. 203K loans can only be used for your primary residence. Another option that most buyers are not aware of is Fannie Mae Homestyle Conventional loans. As long as the renovation or repair adds value to the property, a Fannie Mae HomeStyle loan can be used to improve a vacation home or investment property.
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The mortgage industry is struggling which causes the home buyer to struggle. There are always different ways to move forward. It is by exploring different options, becoming flexible and having the boldness and courage to learn new things, to hear different ideas. https://onesolutionrealestate.com/unconventional-approaches-how-to-overcome-high-mortgage-rates-and-still-secure-your-perfect-house/
onesolutionrealestate.com
Unconventional Approaches: How to Overcome High Mortgage Rates and Still Secure Your Perfect House
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In an ever-changing market, you must also be strategic when considering where you may want to buy Real Estate. One way is to locate affordable Real Estate in a more affordable area when property and interest rates are high. If you cannot move due to your job, you may try to find a job in a lower-cost area or invest in a lower-priced area.
Top U.S. Cities For The Best Jobs With Low Living Costs (gustancho.com)
gustancho.com
Top U.S. Cities For The Best Jobs With Low Living Costs
Cities for the best jobs with low living costs and affordable housing costs are having a surge of migration from high taxed, high living costs states.
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Thank you Felix for the post about financing terms for vacant land!! Yes we do have financing for vacant land!! If you have ever tried to get a loan for vacant land in the past you know it has been next to impossible. For years I would get calls on financing vacant land and could only do it if it was an investment property. Having financing now available is a game changer! If you are trying to sell your vacant land you can let your buyers know we can help with financing . Check out the article below for some pointers. https://onesolutionrealestate.com/uncovering-the-reasons-why-is-my-land-not-selling-despite-being-listed-for-sale/
onesolutionrealestate.com
Uncovering the Reasons: Why Is My Land Not Selling Despite Being Listed for Sale?
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I love Mississippi and have spent some time in Pascagoula, on the coast, and in Biloxi. Great places to be looking for investment property as Mississippi has beautiful beaches and still reasonable prices compared to Florida. I see you also mentioned Elivs! I have visited the home he was born in, Tupelo, in northern Mississippi. It is as big as one of today’s “Tiny Homes”!
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That says a lot about Kevin Gus, as I have never had the pleasure of meeting him but thought the world of Christian as you mentioned as well! Just such a great example of leadership!