OPEN HOUSE - Saturday, August 31,2013


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House Hunters, Fake?

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Is House Hunters Fake? Recently I’ve been obsessed with watching  HGTV’s House Hunters . More obsessed than usual. Especially with the House Hunters international edition which I always find super intriguing, to see how the real estate market compares with that of the United States’. However, as one of the founders of  Florida Platinum Group   in Palm Beach County and as a Real Estate Agent with many years of experience under my belt. I know that many aspects of House Hunters simply do not happen in real life and a lot of the true aspects of the house hunting process are left out. I start to ponder whether if others, who watch House Hunters without such experience, truly believe that this is how the home buying process goes. It can be a bit more complicated and tedious than that especially if one chooses the wrong agency to work with. The Breakdown: How many Houses Did you Say? Three. Only three homes are seen being showed on House Hunters to the b...
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Legal Mistakes to Avoid

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Undisclosed Legal Mistakes Costing  Boca Raton Homebuyers Thousands Someone we want you to meet CEO of  Florida Platinum Group , Kristin Stampini was speaking to attorney Erik Eastham about legal mistakes to be aware of in regards to real estate, and this is what he had to say. By Erik Ian Eastham Boca Raton, Fla.  –  Whether someone is purchasing a main residence, vacation home or other investment property, real estate is often times an individual’s most valuable asset. Much of an individual’s net worth is defined by the real estate they own or have an interest in. As any smart investor will tell you, it’s not enough to own the asset, it must be protected as well; protection from the claims of creditors and the liability that comes with real estate is a necessity. A novice investor 
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WHO PAYS FOR CLOSING COSTS WHEN SELLING A HOME?

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Who Pays for Closing Costs When Selling a Home When you get a mortgage there are closing costs involved. On average, closing costs run between 2%-5% of the purchase price. Who pays for closing costs when selling a home? However, the buyer is not the only party that must pay fees at closing. Sellers must pay for both their real estate agents and the buyers’ agent’s commission that is typically 6% of the sales price. It really depends as to who pays for closing costs when selling a home on both parties’ agreement. Rolling Closing Costs into the Loan Usually, you cannot roll your closing costs into the loan except in the case of USDA loans. Mortgage loans have a maximum allowable loan-to-value ratio (LTV ratio). Your loan plus closing costs, minus the down payment cannot exceed the LTV limit. For example, An FHA loan has a maximum LTV ratio of 96.5%. You are not able to get an FHA loan for more than 96.5% of the sales price. FHA requires a 3.5% down payment bringing the LTV to th...
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