VIP Southwest Fl Realtors

11/04/2023

Good News for interest rates

03/29/2022

Ten 2022 Interior Design Trends to Try in Your Home

Whether you’re refreshing your current home or wondering what to look for in your next purchase, one of the biggest advantages of homeownership is the

03/16/2022

Mortgage Delinquency Rate Falls to New Low

CoreLogic, Irvine, Calif., said overall mortgage delinquencies fell to their lowest point yet amid improved employment and growing home equity.

01/28/2022

Ready to raise the roof?

New loan limits mean new possibilities and more breathing room for your house hunting budget. Connect with me today to learn more about what’s possible with a Conventional loan.

08/16/2021

Do you currently have your borrowers pre-approved rather then pre-qualified? Let me help you make the difference with putting in your offers on homes.

Confused about the differences between pre-qualification vs. pre-approval? Fear not, we’ve got everything you need to know right here.

07/24/2021

Do you have any buyers who needs down payment assistance? Call me to see how your customer can qualify.

06/02/2021

Want to stand out in today market?

01/25/2021

Did you know... That the Federal minimum Guidelines do not require sourcing of cash deposits under 1% of the sales price? However 95% of Lenders add overlays requiring sourcing anyways.
What's the point? You shouldn't be shopping interest rates, you should be shopping Lenders for Overlays. It'll help you and your clients close more transactions during the year.

01/21/2021

Most buyers on the contrary are considered payment buyers. This means that they're looking for a home that will fit into their budget. Price point is secondary.
So in order to set the proper expectation, here's a quick formula for you to use to get your clients back down to earth and to get them focused.
Example: Client wants no more that a $1500 monthly payment with PITI.
Take the first 2 digits of the monthly payment, and add 8 to it. That would be the very max price point of where you guys should be shopping at.
So for the example above, client wants to be at $1500 or below. We take $15+8, which equals 23, add your Zeros behind it, and the very max price point you should be shopping at is $230,000.
There's obviously variables at play that we are not taking into consideration such as property tax rate, interest rate, and the rate of PMI, but this comes pretty darn close.
As a professional, you are the high counsel in the transaction. The best Realtors in the business understand that properly setting the expectation out the gate is the most important step to a successful transaction, and a successful career.

01/07/2021

Did you know... That closing earlier in the the month will yield higher closing costs for the Buyer? You can easily save $1000 on closing costs closing on the last day of the month as opposed to closing on the 1st day of the month.

Why?

Prorations. Closing at the beginning of the month forces the client to pay pre-paid interest until the new billing cycle starts, which is the 1st of next month.

01/06/2021

Most buyers on the contrary are considered payment buyers. This means that they're looking for a home that will fit into their budget. Price point is secondary.

So in order to set the proper expectation, here's a quick formula for you to use to get your clients back down to earth and to get them focused.

Example: Client wants no more that a $1500 monthly payment with PITI.

Take the first 2 digits of the monthly payment, and add 8 to it. That would be the very max price point of where you guys should be shopping at.

So for the example above, client wants to be at $1500 or below. We take $15+8, which equals 23, add your Zeros behind it, and the very max price point you should be shopping at is $230,000.

There's obviously variables at play that we are not taking into consideration such as property tax rate, interest rate, and the rate of PMI, but this comes pretty darn close.

As a professional, you are the high counsel in the transaction. The best Realtors in the business understand that properly setting the expectation out the gate is the most important step to a successful transaction, and a successful career.