Nothing quite compares to owning your own home or investing in real estate. In fact, for many, this is the single most expensive investment made in their lifetime. And Florida’s residential and commercial real estate markets have certainly experienced an incredible turn around and appreciation from just 4 to 5 years back. And yet, with real estate being one of the most ways to obtain a high return on investment, not all potential buyers entering the real estate market have the know how or financial capacity to buy real estate.
When first entering the real estate market, the best advice is to hire a real estate attorney to have in your corner, not only to protect you when entering into the contract, but to assist with your financing, pre-approval and locating a property as well.
If your purchase requires financing, the first thing to do is fix your credit as much as possible. Once your credit is good, you can either go to a local bank or mortgage broker to see what amounts you qualify for. Knowing this will narrow your search for properties and zip codes.
Once you know how much you are eligible to borrower, it then turns on locating the property that fits your needs. You can enlist the services of a realtor or a real estate attorney acting as a realtor, as we are, in order to locate properties on the MLX and set up viewings. After you select a property, the remainder gets complicated. You will have contract offers, and down payments, reviews of sellers disclosures and inspections.
The list goes on and on. And the best advice is always, hire an attorney to hold your hand and walk you through it.
At the Law Offices of Jacqueline A. Salcines, PA we make purchasing your home easy. We will guide you through the whole process, from contract preparation to closing. we are there for our clients.
At the Law Offices of Jacqueline A. Salcines, PA, our real estate lawyers help business owners, individuals, buyers, sellers, tenants, landlords, and investors. We provide sound business advice to people and businesses looking to invest in real estate, real estate development, property management, lending, and property ownership. Our law firm represents individuals and businesses in South Florida, throughout Miami-Dade, Broward, Monroe and Palm Beach Counties in real estate matters.