Traps a Hernando County Real Estate First Time Buyer Should Look For

Looking Out For Common First Time Buyer Missteps

 

No matter how broad your previous life experiences may have been, buying a home is a very big deal. For a first time buyer, whether here in Spring Hill FL or anywhere else, the impact of that life-changing purchase is doubly impactful. It affects different people in different ways, but after the dust clears, there is one emotion I never want my Hernando County first-time buyer clients to feel: remorse.

You might think that the size of the transaction makes it wildly unlikely that even a first time buyer would overlook any major missteps. After all, when you are new to such an important purchase, you are bound to be extra cautious. Yet when you consider the challenging distractions along the way (going through your first mortgage approval process; scraping together a down payment; learning how inspections proceed, etc.) it’s easy to see how they can trip up a first time buyer. Getting any one of them dealt with can become a main preoccupation…so much so, that seemingly minor issues get overlooked. It’s part of my job to do my best to see that my Hernando County first time buyer clients stay vigilant on all fronts.

Common concerns to watch for:

Foundation Problems Related To SinkHole Activity – The true frustration of dealing with a home with foundation problems is something a first time buyer may not fully appreciate. They aren’t for the faint of heart (or the faint of pocket book).  Foundation problems can cost $50,000 for even a simple fix — but a first time home buyer usually doesn’t have that expectation. If an inspection reveals any sort of foundation issue, it’s an absolute ‘must’ to call in the experts to assess the severity of the problem – no matter what the time pressures may be. A search through public record and permiting records can help quickly identify any previous settlement issues which may have been recorded in the county. Keep in mind however, if a home has been remediated, the seller must be able to provide a full engineering completion report. In those cases, assuming the documentation is proper, its a pretty safe bet that the issue has been resolved and there will not be a future worry. Expert advise and reviews are also the proper course of action, the Team at Agent Trust has extensive knowledge in this area so dont hesitate to ask any questions you may be thinking.

Faulty Siding –  Expensive to fix and ugly to look at, improperly-installed siding was a big problem in the 1980s and 1990s. While many of those issues have been addressed by now, bad siding can still plague a new homeowner.  Believe it or not, it can cost as much as $25,000 to $150,000 to replace. Anyone considering a home built in the 80’s or 90’s should be sure to pay extra attention to the siding during inspections.

Special Assessments – Real Estate Agents in Hernando County and all areas for that matter dread seeing the words “special assessment” on a listing: these are additional costs to a homeowner in a condo or homeowners association that any project, repair or unexpected cost can trigger.  The cost to re-side a condominium complex, for example, can easily run into the $100,000 range, typically divided among the homeowners.

HARP 2.0 Home Buyer Education, Get Complete Details On HARP 2.0 Refinance

HARP 2.0 Education Center

Who Qualifies For HARP 2.0?

What Are the Benefits?

What Are the Guidelines?

What can and can’t HARP 2.0 Be Used For?

This and many more HARP 2.0 Refinance questions will be answered in this informative HARP 2.0 class.

Steve Fingerman

President

E Loans Mortgage

www.myloanmodificationstation.com

Florida Mortgage Center

 

4117 Mariner Blvd.

 

Hernando County Florida, 34609

 

 

Office 352-688-7949

 

Cell 727-946-0904

 

 

 

 

Freddie Mac’s Short Sale Smackdown!

Freddie Mac announced that Short Sale Fraud is prevalent in the Market Place and on the rise. They are actively looking for these cases, so protect yourself by making sure your Short Sale is a true “Arms Length” transaction. Subscribe over the right to stay up to date on the latest Real Estate News, call us today for all your mortgage lending needs.

 

 

 

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It’s Cheaper To Buy Than Rent In Hernando County

It’s Officially Cheaper To Buy Than Rent! Duh!.. Check Out The Video Below, for all your financing needs call the Team at E Loans Mortgage Inc in Hernando County Florida. Subscribe for Free Over to the right to stay informed with all the latest Real Estate News In Hernando County.

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Dont Forget To Check out our Free Home Buyer WorkShops By Clicking The Banner and Link Below, The Information Provided Can Save You Thousands On Your Home Purchase

United States Gets A Credit Down Grade, Dow Jones Loses Over 600 Points


The United State Gets A Credit Down Grade, Stocks Lose 600 Points, USDA Loans Here to Stay in Hernando County. Plus New Changes You Need To Know About.
 
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To Learn More About USDA Finanicng Click The Banner Below and Attend Our Free Online Workshop. Classes Will Automaticaly Be Rescheduled So Don’t Worry If You Missed it. Just Click The Banner And You Will Be Taken To The New Scheduled WorkShop.

For More Information

Contact

Steve Fingerman

Branch Manager

E Loans Mortgage Inc

4117 Mariner Blvd.

Hernando County, FL 34609

Office 352-688-7949

Cell 727-946-0904

Home Buyer Work Shops In Hernando County Florida

Hernando County Real Estate Show

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Online Workshop Schedule

 

 

10 Secrets to Sell Your Home Fast…Even in a Down Market!

Thursday, June 30, 09:00 PM  Click here to register now!

 

20 Things You Must Know Before Buying a Home

Tuesday, July 5, 09:00 PM  Click here to register now!

 

25 Things You Must Know Before Applying for a Mortgage

Thursday, June 30, 09:00 PM  Click here to register now!

 

5 Ninja Strategies to Help You Negotiate Like a Pro!

Wednesday, July 6, 12:00 PM  Click here to register now!

 

8 Big Insider Secrets to Building Your Credit Score Fast!

Thursday, June 30, 09:00 PM  Click here to register now!

 

Divorcing and Home Ownership: How To Avoid The Nine Biggest Mistakes

Tuesday, July 5, 09:00 PM  Click here to register now!

 

The Best Kept Mortgage Secret: USDA Guaranteed!

Tuesday, July 5, 09:00 PM  Click here to register now!

 

The Insiders Guide to Reverse Mortgages!

Tuesday, July 5, 09:00 PM  Click here to register now!

 

Zero Down! Fact or Fiction? The Truth About VA Loans!

Tuesday, July 5, 09:00 PM  Click here to register now!

 

 

Brought To You By;

Steve Fingerman

E Loans Mortgage Inc

4117 Mariner Blvd.

Hernando County Florida, 34609

Office 352-688-7949

Cell     727-946-0904

http://www.fhaforall.com