Nancy Colon Realtor

*SOLD*

Congratulations to my buyer on this perfect place ! 🏡 His non negotiable was a garage in Celebration, we patiently waited until the perfect property came up. All I can say it was worth the wait! My client asked and I delivered, I am incredibly happy for his new home and journey moving all the way from Puerto Rico.

If you or anyone you may know is on the market I will be more than happy to help. Not ready yet but have some questions shoot me a message or call and I will gladly help. 😊

Congratulations again !

A huge congratulations to my first time home buyer ! 🏠 I would be lying if I said this process didn’t come with any challenges, but I always assured we will make it to the finish line and we sure did ! Thank you for putting your trust in me, and letting me guide you through this process. You did it ! 🎉🎊🍾

🚨🚨🚨 Open House 🚨🚨🚨

Come see this beautiful 5 bedroom 3 bath home with over 2,400 square feet !

3277 Grouse Avenue
Kissimmee, FL 34744

1PM-4PM
Saturday : July 16th

Risks of Removing Buyer’s Contingencies📣📣📣

Typical real estate offers include a wide variety of standard contingencies. These can include home inspections, appraisal, and loan approval. In a fast-moving, seller’s market, one of the ways to make an offer more appealing is to remove contingencies.

Real estate contingencies are intended to protect the buyer from unforeseen issues. Once these contingencies are removed, the buyer typically has no recourse from these issues. The most important contingencies include:

• Home Inspections – including mold, well/septic, structural, geological
• Lending Approvals – including appraisal, title, loan rate and terms, final loan approval
• Property Condition – this relates to the final walk-through, ensuring the
property has been maintained during the escrow period.

Any, or all of these items can create problems during, and even after, the closing period. Without the contingencies in place, the buyer is obligated to conclude the sale and any financial costs incurred by the seller for not doing so, including the forfeiture of their deposit.

Most of the United States is experiencing an advancing market. This means prices are rising at a steady pace. As a result, both buyers and sellers expect to settle on a sales price higher than recent, comparable sales. Buyers are desperate to have offers accepted and are willing to compromise on contingencies designed to protect them. Ensure you thoroughly review all contingencies or the waiver of them prior to making an offer.

Property Liens That Can Stop A Sale

One of the most common reasons for a home sale to fall through is the presence of property liens. Often the sellers are not even aware they have a lien on their home and the delay caused by having them removed can cause a qualified buyer to look elsewhere.
Along with other pre-listing tasks, such as repairs and curb appeal projects, sellers should order a title search to determine if any liens are on the property. Some liens are expected, such as the mortgage lien which ensures any home loan is paid off at the time of close, but others might come as a surprise. Here are a few liens which can derail your closing.

· Mechanics Lien – A contractor may place a mechanics lien on your home to make sure they are paid after a home project.

· Divorce Lien – Even if you and your spouse have agreed on the sale of the home, the court may need to approve the sale before the lien can be removed.

· Homeowner’s Association – Past due HOA payments and assessments can lead to a lien on the home.

· IRS and Property Taxes - A government legal claim against your property when you neglect or fail to pay a tax debt.

· Judgment Liens - Is a court ruling that gives a creditor the right to take possession of a debtor's real or personal property if the debtor fails to fulfill his or her contractual obligations.

· Credit Card Liens – If you default on a credit card and the issuers get a judgment, they can attach a lien to your property.

Liens must be dealt with before a home can change title. Often the lienholder will negotiate the payment, but others will want full payment before releasing the hold. Either way, dealing with liens can take time and money. It’s always best to remove liens before listing your home for sale.

Still Renting Your Home?
4 Facts That Might Change Your Mind ..

Each year, home renters face the question of whether to renew their lease for another year or determine it is time to buy a home of their own. Over the past couple of years, the US housing market has changed dramatically as home values have soared and interest rates have remained low. So, if you are still renting your home, it might be time to buy instead.

4 Facts About Renting your Home ..

1️⃣Rents Are Rising Quickly – Higher priced home values drive higher rent costs. While a 30-year fixed home loan will provide steady monthly payments for the duration, most renters are shocked to see their housing payments rise each year.

2️⃣Paying for Your Landlord’s Equity – As home prices rise, so does the equity in the property. As a renter, you are making the loan payments for your landlord, while they reap the benefit of increased equity.

3️⃣You Get What You Get – A homeowner can paint, renovate, and customize the home to their heart’s content. A renter must live with the choices the landlord made about décor.

4️⃣No Tax Benefits – Homeowners can deduct the home mortgage interest and property taxes off their gross income, offering huge tax savings.
With a wide variety of home loan programs available, buying a home may be more affordable than you think. If your lease is up for renewal, this could be a good time to consider the benefits of homeownership instead.

Not ready to buy, but have some questions ? Please shoot me a message and I will be more than happy to answer your questions.

Should You Save 20% for a Down Payment?

If you’re planning to buy a new home, you may be wondering about the down payment. Loan programs require down payments as low as 3.5% for FHA loans and conventional offers as low as 5%. While you have a lot of options, there are 4 strong benefits to making a 20% down payment on your home.

1️⃣Lower Interest Rates – A borrower who can put 20% down on a home is considered a lower-risk buyer. In addition, the lender only needs to recover 80% of the home’s value in the event of a default. Therefore, the interest rates will be more favorable than that of a higher loan-to-value program.

2️⃣Less Interest Paid – A lower loan amount means there is a smaller amount of money subject to interest. Over the life of the loan, putting 20% down on the home will save you thousands of dollars in interest.

3️⃣Your Offer is Stronger – In a highly competitive market, sellers are more likely to accept an offer with a higher down payment. You will be considered more financially stable and thus better able to close on the loan and sale.

4️⃣No PMI – PMI (private mortgage insurance) is an additional fee added to all home loan payments where the value of the home is under 80%. This provides insurance to the lender in the event of a default.

Ultimately, work with your lender to understand your options and identify the best loan program for your needs, but putting 20% down on a home loan can provide some nice perks.

If you are still unsure what is the better option for you, give me a call and I will be sure to connect you to a knowledgeable lender.

Housing market 2022: Is it cheaper to buy or rent in Orlando? In many areas of the country, Realtor.com says it's now cheaper to buy than to rent.

New Listing Alert 🚨

Beautiful Condo located in the heart of Audubon Park, with kitchen views overlooking Druid Lake and Downtown Orlando.

Listed at $ 249,900.

Interested in this gem ? Please do not hesitate on contacting me with any questions, I will be more than happy to help😊.

Everyone has different priorities when looking for a piece of property.

Keep your eye on your own path, and you’ll find the best home for you.

And of course with my help 😉.

With that being said, what is the MOST important thing to you, when looking for a new home?

➡️ The neighborhood
➡️ The school district
➡️ Square footage
➡️ City or the Countryside
➡️ The amount of outdoor space?

Let me find you the perfect home 🏡.

Happy February 1st ! Can you believe we’re already on the second month of the year !

If you are on the fence about becoming a home owner here is a reframing exercise.

For example, instead of “I can’t afford to become a homeowner,” try, “I can create a home budget that works for my needs.”

If you are thinking about purchasing a home, but don’t know where to start please shoot me a message and I’ll be more than happy to help. If you have any general questions you are curious about I’ll be more than glad to answer any😊.