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Daniel Betancourt's Advice

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  • 11 Contributions
  • 1 Best Answers
  • 4 Helpful

Daniel Betancourt wrote:

Please advise what will be the closing cost for a home market value of $60,545.and the realtor fee?

Answer
Hello, If you are asking what the total costs are when selling a home for the price of $60,545, you're looking at about $5,000, commission and closing costs included.  That number could increase if you have outstanding liens on the home or if you agree to assist a buyer with their closing costs.  If you are buying a home for that price with financing, typically there are no Realtor fees but there are lender fees and closing costs which would probably cost you in the neighborhood of $3,500 plus your down payment.If you're buying the home cash (no mortgage), the closing costs should be under $1,000.I hope this helps. If you would like a more specific line by line breakdown, I'd be happy to provide one to you upon request.Thank you,Daniel BetancourtRE/MAX Central Realty
April 03
(1)

Refinance my 5 Yr ARM now or wait?

Answer
I suggest you "fix it" now.  The risk vs reward of waiting are not in your favor.  If affordable to you, I recommend fixing at the shortest term possible if you plan on owning that home long term.  You will save 10s of thousands of dollars by shortening the term which is the equivalent of locking in an investment with a great return with little risk. Choose a lender that offers the lowest APR which can be found on the Truth in Lending (TIL) disclosure. APR is not the same as interest rate. Look for the TIL disclosure.  Don't make the mistake of concentrating on interest rate or fees only.  The APR factors fees and interest rate into the equation and the TIL disclosure will tell you the truth and should make the decision clear.Good luck!Daniel BetancourtWinter Garden Realtor
May 01 2013
(0)

Can I get a mortgage to buy a home, but I'm not a legal resident?

Answer
You may want to research where to obtain a foreign national loan. Or look for a seller who is willing to offer you financing.             
February 14 2013
(0)

where can i get a loan for a condo in down town orlando if the ratio of renters to owners is too hig

Answer
My experience is that Wells Fargo will allow it with 25% down.  
February 14 2013
(0)

how do i list a home

Answer
If you are considering listing your home with a Realtor, which is recommended to get maximum exposure, I think your best bet is to communicate with friends or family to find out if they know of a good Realtor to recommend to you.  Ideally, you should hire a Realtor who specializes or is very familiar with the area where your home is.  If you get many solicitations from an agent in your area by mail, you may want to interview that agent in addition to at least one other. You should hire a FULL TIME Realtor who is very experienced.  A recommended agent with these qualities is ideal.Thanks,Daniel 
February 13 2013
(0)

we hv poor credit due to bk,..want rental without credit check,if possible?

Answer
You won't know unless you try. Due to the economic crisis, many people have credit issues these days.  Many renters are renting because they lost their home and have a foreclosure and/or BK on their credit. If landlords chose to avoid all people with BKs, they would lose out on a huge tenant pool.  When people do a BK, typically they've removed all debt from their life so the risk is less. Most property managers do credit checks but what really counts is whether or not you can prove that the rent payment is affordable. If you can prove good reliable income and background, I wouldn't be concerned with your credit too much. Tell your story to the property manager and just try.  Nothing to lose.  Now if you have a poor rental history, income history and/or background check, that could change the circumstances.Good luck!
February 13 2013
(0)

how do I end my listing? Thank you

Answer
If you wish to terminate your listing agreement, read your agreement to find out whether there is an early termination fee.  Most agents do not charge one but typically listing agreements include a clause that holds sellers responsible for any marketing expenses incurred by the broker or agent.  If you still wish to cancel, write a short cancellation letter and email or fax it to the listing office and agent.If you wish to cancel a Zillow listing, claim the listing and edit the info to remove it for sale or contact customer service.I hope this helps.Thanks,Daniel Betancourt, RE/MAX Realtor - Apopka Specialist
February 13 2013
(1)

How normal is it that a potential Buyer wants to get contractors into the house for estimates before

Answer
It's not common but not unheard of. Typically a buyer would want to secure a home (have an offer accepted) before they ask contractors to come out and give them hypothetical quotes.  Usually this type of service can be done during an inspection period, after an offer is accepted of after an inspector has identified repair issues. Good luckDaniel, RE/MAX Realtor
February 13 2013
(1)

Can appraisers use townhomes outside of the association neighborhood when doing an appraisal?

Best Answer
Yes. Most appraisers try to use comps within 1 mile of the subject, whether in or outside of the subject community but most lenders want the value emphasis to be on comps in the same subject community.
February 09 2013
(1)

I am a first time home buyer with good credit.Is there anyway to purchase without a down payment?

Answer
Some area in Central Florida allow buyers to use a USDA mortgage loan which requires no down payment.  The property has to be in a "USDA Eligible" area.  These areas are supposed to be mostly rural because this type of a loan was originally intended for farmers but most of the USDA eligible areas in Central Florida are truly suburban nowadays but they are usually not near the city center.I hope this helps.  USDA Mortgages may be available in your area.Here is a website that may help you search http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do 
March 01 2011
(0)