Not Setting Financial Boundaries
Right now, with so many incentives for people to move to Boca Raton, it's easy to throw caution to the wind and let our emotions get the best of us. Having a rigid set of financial boundaries based upon a well-researched set of parameters will keep your emotions in check during the home buying process. An agreed-upon number will put a ceiling on the potential to make irresponsible decisions that are unrealistic to your financial circumstances.
Not Using An Agent
Buying a house is one of the most significant commitments you'll ever make in life. Not using a real estate agent is like going to court without a lawyer, or out to sea without a captain. A real estate agent is constantly in the thick of the home buying market. Real estate agents, especially our Champagne & Parisi Team, are proud to advocate for their clients. They use the latest knowledge and a network of committed professionals who know how to get the best value for you.
Ignoring the Natural Elements
Families moving to South Florida simply cannot ignore the role our natural environment plays in our home buying process. South Florida is profoundly affected by our surrounding climate. The potential of a cataclysmic hurricane, when coupled with natural wear and tear due to our subtropical environs affects everything from insurance expenses to building materials. Moving to Boca Raton, or anywhere in South Florida, requires an awareness of the immediate and enduring impact our warm & humid environment has on us.
forgetting ancillary expenses
Home Buying can't be boiled down to a single expense. There are several other line items in addition to buying a house that need to be factored in when discussing your budget flexibility. These include but aren't limited to: moving,...
Buying a home is one of the most exciting yet stressful things endeavors anyone can embark on. It often follows a major life event, like a marriage, childbirth, or career promotion. The single family home is a staple of the American Dream and something many of us strive to experience in our lives. With so many moving to Boca Raton, we're doing our best to provide quick tips and tricks to avoid some of the common mistakes made by first-time home buyers. Here are 5 we think you should know.
Searching for Homes Before Applying for Your Mortgage
The fun is in buying the home. A mortgage doesn't have a 2-car garage, picket fence, or a backyard pool. Mortgages, though necessary, can be very intimidating for first-time home buyers. The idea of multiple decades of ongoing debt can weigh on the conscience of many, especially those emerging from student loans. Having an underwritten preapproval not only prepares you for when that dream home hits the market but it also shows you're serious and financially capable.
Talking to One Lender
The beauty of the marketplace is your ability to empower yourself through choice. Choice, after all, is the manifestation of abundance. The more choices you have in a given situation, the more likely it is you are better prepared and can tailor the moment to suit you....
Real Estate Market Minute featuring Claude Champagne & Lynn Whitefall from Supreme Lending
Covering Boca Raton, Delray Beach, & Boynton Beach, FL
Communities that do not have a homeowners association (HOA) may not have an elaborate gated entrance, shared amenities such as a community swimming pool and clubhouse, or a governing body to enforce community rules and keep your neighbors in check, however, there are several advantages to living in a community with no HOA. One of the main, and perhaps most obvious benefits of living in a non-HOA neighborhood, is that you are not required to pay the monthly HOA dues which can be quite a hefty expense for homebuyers.
Another benefit of living in a community with no HOA is that there is more flexibility to personalize the exterior of your home and to use your property as you see fit. There aren’t any rules or regulations that would prohibit you from, say, painting your house purple (if purple houses are your thing), or that would restrict you from having pets or certain types of vehicles at your property.
If you have spent any time searching for a home in Boca Raton you have likely noticed that a majority of Boca Raton neighborhoods do, in fact, have a homeowners association. If you are one of those homebuyers who are searching for a home in a desirable community in Boca without an HOA, you will be relieved to know that there are actually many great communities in the area that do not have a homeowners association.
Here is our list of the Top...
If you are planning on buying your very first home and feeling a bit overwhelmed, know that you are not alone. As a first-time homebuyer, purchasing a home is likely the most important financial decision you have ever made! We at Champagne & Parisi Real Estate understand that buying your first home can be as scary as it is exciting. It is wise to approach the process with caution and to prepare yourself with the right information to help make the things run as smoothly as possible. Fortunately, there is a wealth of knowledge & expert advice available to help you navigate the home buying process.
Below, you will find our list of valuable Tips For First-Time Homebuyers. Following these essential tips will not only help save you time and money but will also enable you to make informed decisions and avoid common first-time homebuyer mistakes. So, before taking the plunge into homeownership, be sure to put our expert tips into practice to pave the way for a successful first-time home buying experience.
1. Begin Saving For Your Down Payment ASAP.
Saving up for a down payment on a home may seem like a huge undertaking, especially considering today's real estate market and the home prices in Boca Raton. Many home buyers mistakenly believe that it is necessary to put 20% down; however, many lenders now accept much less. There are also various first-time...