Real Estate On Tap
Jason A. Kapit, Esq. currently ranks in the TOP 5 of ALL Realtors in Broward County for residential sales above $850,000.
Buyers Rejected for Loans Can Now Find Out Why
Now, starting this week, lenders have to let you know why your not getting the best rate. They also will let you know why you have been turned down for a loan as well. This is all due to the Dodd-Frank act. So what do you think? Is this good or just another thing to slow down the process? This piece of legislation has changed the landscape quite a bit! The GFE (good faith estimate) that was once a 1-pager now is 9 pages. Easier, better disclosure … I think not! What is your take on this new legislation?
Adam Granger is a Home Mortgage Consultant with HomeServices Lending, LLC., an Affiliate of Wells Fargo Home Mortgage. He is a frequent commentator at RealEstateOnTap and can be reached at 954-306-7218 or by emailing him here.
Rates and Programs
30 Year Fixed vs. 5 – Year ARM
I was doing some research and found out that people do not stay in their homes or the loan that they are in for more than five years!!!!!! So what does this mean? It means that people pay far too high a rate of interest! The difference between a $250,000.00 mortgage on a 30 year fixed and a 5/1 ARM is $12,966.00 savings over 5 years. Why oh why do people always want to do a 30 year fixed rate loan? I ask you!
Adam Granger is a Home Mortgage Consultant with HomeServices Lending, LLC., an Affiliate of Wells Fargo Home Mortgage. He can be reached at 954-306-7218 or by emailing him here.
New Listing* in Southwest Ranches, FL (Green Glades)
Welcome to Southwest Ranches, FL
5800 SW 196th Lane in Southwest Ranches, FL is a beautiful home offering 4 bedrooms, 4 full baths and 2 half-baths. Its spans, 4,995 square feet and sits on 1.25 acres of manicured grounds. Relaxed sophistication with fantastic curb appeal. A winding stone path leads to a front porch, picture perfect for rocking chairs. Inside is just as comfortable with expansive master wing upstairs (featuring office, morning bar, sitting area & separate steam room in master bath). Downstairs features include a family room perfect for entertaining (with wet bar & fireplace), formal dining & eat-in kitchen. Outside is a pool/patio area with spray misters to cool you in the summer. Dynamic for entertaining & surrounded by lush, tropical foliage. Canopy/breezeway bridges the inviting pool to the expansive yard. Just a well thought out design in every way and meticulously maintained.
Where Rural and City Collide
Southwest Ranches, FL offers families the best in schools, dining, sports and more. The proximity to airports, places of worship and the beaches make it a great place to call home and the relaxed manner with which the City is maintained make it a place that the laid-back, equestrian set love to call home. I am happy to offer this property for sale at $920,000. To see more, go here.
If you own a luxury property that you may consider offering for sale, call Jason A. Kapit, Esq, (954.650.4443) or contact via email. Listing your home for sale is not something you should do on a whim. Chances of it selling to your neighbor are slim at best. Sure, there are locals who will show interest but the name of this game is “reach”, that is, how far and to how many QUALIFIED buyers can we showcase your property? I’m available anytime to talk.
New Listing* in Weston Hills Country Club’s HUNTERS POINTE
Weston Hills Country Club’s Hunters Pointe
Every once in a while, a home comes along for sale that is really special. It seems to have everything. The location, the lot, the view, the finishes, the upgrades! 2174 Quail Roost Drive in Weston, Florida is just such a home, offering the best of everything and listed under the seven figure mark. Read the rest of this entry »
Brand New RENTAL in Davie’s Exclusive Community of Riverstone
We are very pleased to introduce Riverstone – Davie, Florida.
Riverstone is a very unique community located in the town of Davie, FL. We just listed this stunning waterfront home for rent. The 4,016 sq. ft. home is Mediterranean-inspired and surrounded by extended water views on three sides of the property,
What does Riverstone have to offer?
The magnificent waterfall entry, complete with bridge and lush topical foliage says it all. An impressive 24hr-staffed & gated lakefront community with 308 estate homes sitting on over-sized lots, with the majority of homes located on cul-de-sac streets with water views. Common areas are just as impressive as Riverstone offers a fabulous recreational party pavilion, 3 tennis courts and a full basketball court. Additionally, there are numerous tot lots, walking/jogging and biking paths throughout as well as a secure school bus shelter with ample parking for parents.
David Betancourt, and his team specialize in luxury & waterfront estates throughout Broward County. We like to refer to our enhanced client services as the “Gateway to Broward’s Finest Estates”. To arrange a private showing or for information about how we might handle the marketing and listing of your home. please contact us anytime.
Success Story For First-Time Home Buyer in Coral Springs, FL
EWM Guys Deliver Big Time For First-Time Home Buyer!
When Oscar needed help finding his FIRST home, David Betancourt was there, combing through hundreds of properties to find the best deal in the neighborhood Oscar wanted. Finally, after careful evaluation, they put together a deal on this home which ultimately closed without a hitch.
“My experience having worked with one of EWM’s professionals was most gratifying. My EWM realtor not only took the time to get to know me; He also took the time to listen and understand what my needs were. Having a good understanding of what I was looking for, David B. worked with me for several months until we found the perfect home for me, in the right neighborhood, and his industry-experience played a key role in making sure i paid the right price for my new home. Read the rest of this entry »
*** pending LISTING *** 16771 SW 6 STREET, PEMBROKE PINES, FL – PEMBROKE SHORES
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offered at $279,000 … LIGHT, BRIGHT COURTYARD HOME FEATURES 2 BED / 2 BATH IN THE MAIN HOUSE AND SEPARATE GUEST HOUSE WITH 1 BED / 1 BATH (currently used as a home office). WONDERFUL NEIGHBORHOOD MAKES THIS A GREAT PLACE TO START AND THE PRICE IS RIGHT! PROPERTY IS A SHORT SALE. SELLER TO PAY TITLE INSURANCE AND CHOOSE TITLE AGENT.
We get homes sold fast – even short sales! Call 954-347-3799 to discuss selling your home or enroll NOW on our “Property Search” page to be automatically emailed the listings of your choice!
*** SOLD! *** 7370 NW 4 STREET #106, PLANTATION, FL – POLO GLEN
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updated!!! sold as a short sale in under 45 days for $105,500
offered at $124,900 … WELL PRICED TOWNHOME! ATTORNEY ASSISTED SHORT SALE. THIS IS AS PRISTINE AS IT GETS. WELL APPOINTED 3 BED, 2 BATH, 1-CAR GARAGE TOWNHOME WITH GORGEOUS FLOORS, KITCHEN, BATHROOMS. WONDERFUL VIEW AND PHENOMENAL POOL AND TENNIS FACILITIES MAKE THIS A MUST SEE! SELLER TO PAY TITLE INSURANCE AND CHOOSE TITLE AGENT. CALL JAMES TO SHOW.
Call 954-347-3799 to set your appointment today or enroll NOW on our “Property Search” page to be automatically emailed the listings of your choice! We can get short sales closed quick. The process does NOT have to be never-ending. Let us help you get out of a bad situation. Our legal team stand ready to help you now.
Foreigners Can Finance Homes With Only 30% Down!
Great News For Foreigners!
Instead of tying up all your cash when investing in Real Estate, you now have the option of financing up to 70% of the property value. We can finance all type of residential properties including high rise condos, town homes, condo-hotels and single family. Also, we can finance up to 2 properties per investor and title of property can be under a corporation name.
Minimums and Maximums
Minimum loan amount is 100K and there is no maximum. We go up to $2Mill plus.
Qualifications
To qualify is easier than ever, all we need is an accountant letter from country of origin referencing income for the past 2 years and current, 1 banking credit reference with a 24 month history, current visa and passport and if all funds for the purchase are in a US bank account, no questions asked.
An award-winning mortgage banker, Andres has consistently proven to be one of the best in the industry. Contact Andres today at 786.556.1115 or via email to receive the personalized service you deserve and the home financing solutions you need!
Tax credit extension approved!!!!
90 Day Reprieve
We’ve passed the June 30 deadline for extending the tax credit deadline, but finally the U.S. Congress approved a bill extending the closing deadline for home buyers trying to take advantage of tax credits ($8k for first timers and $6,500 for primary residences).
Must Have Been Under Contract By April 30, 2010
Home buyers with contracts signed by April 30 who failed to go to closing by the June 30 deadline will now have until September 30 to complete their purchases, assuming that the President signs it.
Extension of Tax Credit
Updates and More Updates
Just wanted to clarify in regards to the extension of the tax credit. it is not officially approved yet but it looks promising. Yesterday the U.S. House of Representatives overwhelmingly approved an extension to 9/30. Of course, however, the Senate must still approve the measure before President Barack Obama can sign it into law. Of course thousands of settlements may not be completed by Wednesday because settlement offices are slammed with buyers trying to close on transactions by the end of this month in order to receive the funds.
Lets hope the Senate makes a wise decision. I will keep you all posted.
JUST IN – Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–The Senate Wednesday approved more time for homebuyers seeking to claim a federal tax credit, but tabled a six-month extension of jobless benefits.
The homebuyer measure would help only those that entered into binding contracts before April 30. It would give such homebuyers until Sept. 30 to close the sale. Under current law, they would have had to close by today to be eligible for tax credits.
It passed the Senate by unanimous voice vote. President Barack Obama is expected to sign the homebuyer measure, which the House passed earlier this week.
An award-winning mortgage banker, Andres has consistently proven to be one of the best in the industry. Contact Andres today at 786.556.1115 or via email to receive the personalized service you deserve and the home financing solutions you need!
House votes to extend homebuyer credit 3 months!
The 11th Hour
Well there was drama, but at the end of the day, the tax credit for home buyers will be extended to September 30th.
Great News For Local Markets
Now, areas where the EWM Guys list and sell homes will once again create a sense of urgency and facilitate more transaction that might normally be realized.
Broward County To Stay Hot
Areas like Weston, Davie, Southwest Ranches, Plantation, Southwest Ranches, Sunshine Ranches, Pembroke Pines, Miramar, Hollywood, Hallandale, Las Olas, Fort Lauderdale will all benefit from this news. The market is beat up but sales have been brisk and the uptick in activity is a positive for the industry!
For more updates bookmark us or feel free to add a comment. The EWM Guys would love to hear from you!
Tough Deal DONE in Weston, FL Bonaventure Townhome
Successful Purchase for Juan Naranjo at Townhouse Village at Bonaventure
When Juan and his wife Rita decided to buy in Weston, they were looking for a deal! Like everyone else, they wanted to capitalize on a short sale or foreclosure and do so in a timely manner. Typically, distressed deals take an inordinate amount of time, especially short sales because of the 3d party (lender) requirements, verifications, BPOs and ultimately approval by the sellers lender that the shortfall amount will be accepted. *** this deal got done in 60 days!***
“I commend you and your team for a job well done. This was a tough deal and at the end all your efforts to close paid off . Thank you.” (comment from happy Buyer, Juan Naranjo standing next to “EWM Guys” team member James San Martin)
We have the tools, technology, law and business backgrounds and above all else, the attitude to get you the best deals out there. Call or contact us to find out what we can do for you!
RealEstateOnTap.com is South Florida's cyberSPOT for Buyers and Sellers. Launched February 2010 by Jason A. Kapit, Esq., Luxury Realtor with EWM Christies International and Florida Bar section member of EASL (Entertainment, Arts & Sports Law), the site showcases featured homes, latest headlines and more. It's a place to surf South Florida's highly profiled real estate market while "stepping out" with yours truly. Welcome to REOT, where the only cover required is well thought out commentary!
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