If you are looking for assistance in obtaining financing as a first-time homebuyer, you first need to know whether you qualify under CDBG, HOME, SHIP or Surtax income guidelines. There are numerous programs in Miami Dade County under the Public Housing and Community Development program and with local home mortgage lenders.
Owning a home is easy, and as a first time buyer of real estate, you can own your home at below-market mortgage rates. New programs however, can be complicated and therefore, it is important to know what is out there and what you qualify for.
At the Law Offices of Jacqueline A. Salcines, P.A., our lead attorney brings over 15 years experience in the real estate field as well as 20 in the accounting field. Ms. Salcines is also a realtor and therefore has extensive knowledge of property values and investment opportunities.
We are here to help you navigate these first time homebuyer program waters to see what you qualify for and to get you to the lender or program of your choosing.
A qualified program can equal low interest rates, lower monthly mortgage payments and even first time home buyer credits.
Call us today to set up an appointment to discuss your purchase or sale. We are here for you!
Main office 305 | 669 | 5280. Or email the attorney directly: J.Salcines@Salcineslaw.com
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South Florida is abuzz with technology startups all over the place. In the Wynwood area, the number of startups shot up in the past year, and there are more than 1,600 companies in the tri county area. This is causing an explosion of working spaces and real estate deals for these technology startups. Earlier this year, Emerge Americas, a conference founded by tech entrepreneur Manny Medina, met to discuss the goal of making Miami a hub for the Americas. Conference attendance was more than 10,000.00
With so many tech startups and the influx of Hispanics and other diverse backgrounds flooding South Florida, real estate is at its prime. Whether looking to rent office space or purchase commercial property for work, or residential for living, there entrepreneurs require the assistance of a knowledgeable real estate attorney who is both an Accountant, Realtor and Attorney.
At the Law Offices of Jacqueline A. Salcines, P.A., our lead attorney brings over 15 years experience in the real estate field as well as 20 in the accounting field. Ms. Salcines is also a realtor and therefore has extensive knowledge of property values and investment opportunities.
Call us today to set up an appointment to discuss your purchase or sale. We are here for you!
Main office 305 | 669 | 5280. Or email the attorney directly: J.Salcines@Salcineslaw.com
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Buying a property, whether as a For Sale By Owner (FSBO), with a realtor, or a foreclosed property, the process can be complicated. It can also be very rewarding as the largest and costliest investment, for many, in their lifetime. While rewarding, the process requires studying many aspects including neighborhoods, prices, condition of the home, financing terms. An informed buyer is the best buyer, and at the Law Offices of Jacqueline A. Salcines, PA, that is what we are here for. To educate you, the buyer, to make sure we protect your rights before you buy.
After you have found a property or know the area you are interested in, there are many things that need to be checked:
IS the property priced right
Does the property require repairs or renovations/what is the condition of the property
Is it a foreclosure that I will not be permitted to cancel for inspections?
Do I need to pay any liens or judgments with the purchase
What are the estimated property taxes
What schools pertain to the neighborhood, either public or private
What tax implications are involved in my purchase
What interest rate and closing costs will I incur?
With property values in South Florida and across almost all parts of the country thriving, few buyers and seller know what are the actual costs of a real estate closing. Further, buyers are usually clueless as to who has to pay for title insurance. Common costs of closing include:
BUYER:
Attorney’s Fee
Settlement Fee
Lender related fee (Get a Good Faith Estimate at the time of applying for a loan or shopping around for lenders)
Title Insurance Premium (if Miami Dade)
Survey
Mortgage Intangible Tax (20 cents per $100.00 of loan amount in Dade)
Mortgage documentary Stamps taxes (.35 cents per $100.00 of loan amount in Dade)
Wire fee
Courier Fee
SELLER:
Prorated real estate taxes
Title Search (can be capped at $200.00 if prior title insurance policy is given to title company)
Doc Prep Fee (typically $450)
Estoppel fee (if condo or HOA)
Courier Fee
Title Insurance Premium (If Broward or Palm Beach)
Documentary Stamp Taxes on sales price (60 cents per $100.00 of sales price)
Lien Letters (between $80.00 to $300.00)
With so many questions and considerations, it is best to have a real estate attorney in y our corner before you sign that contract.
At the Law Offices of Jacqueline A. Salcines, P.A., our lead real estate attorney brings over 15 years experience in the real estate field as well as 20 in the accounting field. Ms. Salcines is also a realtor and therefore has extensive knowledge of property values and investment opportunities.
Call us today to set up an appointment to discuss your purchase or sale. We are here for you!
Main office 305 | 669 | 5280. Or email the attorney directly: J.Salcines@Salcineslaw.com
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Get your contract reviewed for no fee! When was the last time you heard that?
At the Law Offices of Jacqueline A. Salcines, PA, we have never charged a fee to review or prepare a contract for any client. And yet we wonder why so many attorneys keep their fees purposely vague?
With property values in South Florida and across almost all parts of the country thriving, few buyers and seller know what are the actual costs of a real estate closing. Many attorneys charge a fee at closing and keep the client in the dark as to how much they will actually pay at closing. What buyers and sellers should know first and foremost, is that all fees and costs of closing are negotiable. In Miami Dade for instance, it is typical that the buyer selects the title company and pays the title insurance premium. However, it is not mandatory. The parties to a real estate transaction can agree that the seller will select the title company and will pay the premium for the title insurance.
Paragraph 9 of the Florida FAR BAR Residential Real Estate Contract lists closing costs for both the buyer and the seller. It is imperative that the correct boxes be marked off so that once the contract is signed, the intentions of the parties in the transaction is clearly set forth. This can be done by a realtor or a real estate attorney. Common costs for closing are as follows:
BUYER:
Attorney’s Fee
Settlement Fee
Lender related fee (Get a Good Faith Estimate at the time of applying for a loan or shopping around for lenders)
Title Insurance Premium (if Miami Dade)
Survey
Mortgage Intangible Tax (20 cents per $100.00 of loan amount in Dade)
Mortgage documentary Stamps taxes (.35 cents per $100.00 of loan amount in Dade)
Wire fee
Courier Fee
SELLER:
Prorated real estate taxes
Title Search (can be capped at $200.00 if prior title insurance policy is given to title company)
Doc Prep Fee (typically $450)
Estoppel fee (if condo or HOA)
Courier Fee
Title Insurance Premium (If Broward or Palm Beach)
Documentary Stamp Taxes on sales price (60 cents per $100.00 of sales price)
Lien Letters (between $80.00 to $300.00)
As stated above, many of these costs can be negotiated between the parties and range from attorney to attorney, and title company to title company.
When hiring an attorney, make sure you get their fee set out in writing and make sure you get a Retainer Agreement or other document that shows what you are getting for your fee.
At the Law Offices of Jacqueline A. Salcines, P.A., our lead attorney brings over 15 years experience in the real estate field as well as 20 in the accounting field. Ms. Salcines is also a realtor and therefore has extensive knowledge of property values and investment opportunities.
Moreover, with parties to a transaction often unable to agree on terms or led astray by the other party’s title company or attorney into thinking they don’t have options, Jacqueline A. Salcines, Esq. has extensive knowledge in negotiating contracts and getting the transaction from conflict to the closing table. Her knowhow in drafting contracts as well as negotiating them (when things don’t go as planned) is what sets us apart.
Call us today to set up an appointment to discuss your purchase or sale. We are here for you!
Main office 305 | 669 | 5280. Or email the attorney directly: J.Salcines@Salcineslaw.com
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