INVESTMENT / ASSET AQUISITION

Timeline & Process

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Selecting Property Types

Selecting Property Types

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  • MORGAGE LOANS

    • Conventional Loan

    • FHA Loan

    • VA Loan

    • USDA Loan

    • Fixed-Rate Mortgage

    • Adjustable-Rate Mortgage 

    • Jumbo Loan

    • Interest-Only Mortgage

    • Non-Qualified Mortgage




  • INSURANCE

    • Insurance Providers

    • Insurance Categories

    • Types Of Policies & Coverage

    • Wind Storm Mitigation

PARTICIPATING ENTETIES

PRINCIPAL PARTIES

  • BUYER & SELLER
  • MORTGAGE Lenders
  • Respective Brokerages
  • Respective Attorneys

SECONDARY PERSONELLE

  • H.O.A. / Management
  • County Property Appraiser
  • State and Local Records
  • Escrow & Title Companies
  • Insurance Providers
  • Public Notary
  • Inspector/s
  • Appraiser/s
  • Surveyor/s
  • Tenants



KEY PURCHASING FACTORS

  • PROPERTY PERMITS & TAXES
  • HOMESTEAD EXEMPTION
  • HOA ( Home Owners Associations )
  • ZONING & BUILDING REGULATIONS
  • HOME OWNER'S INSURANCE
  • FLOOD & WINDSTORM INSURANCE 
  • MAINTENANCE & LANDSCAPING
  • ROOF REPLACEMENT
  • PLUMBING UPDATE
  • IMPACT RATED UPGRADE
  • APPLIANCE REPLACEMENT
  • SPECIAL ASSESTMENTS
  • PEST PREVENTION
  • CLOSING COSTS 

  • FORIGN / INTERNATIONAL TRANSACTIONS . . .

    Hold a few additional Requirements, Documents & Points of Considerations

    • Title & Ownership Structure - Purchase through legal entity 

    • ITIN (Individual Taxpayer Identification Number) - or - SSN 

    • International Currency Wire Transfer Compliance

    • Property Insurance & Loan Qualification

    • FIRPTA — Foreign Investment in Real Property Tax Act (1980)

        $0 – $300,000 >> 0% (if occupies residence)

        $300,001 – $1,000,000 >> 10% withholding

        Over $1,000,000 >> 15% withholding

AGEEMENTS & DISCLOSURES

SINGLE AGENCY - Buyer - OR - Seller, 

1 PARTY REPRESENTATION.

 - Loyalty • Confidentiality • Full disclosure • Accounting • Skill and care

 - Aquisition / Purchase, Auctioning, Renting / Leasing, Advertising or Selling / Exchanging of a property.


TRANSACTION BROKER - Buyer - AND - Seller, 

LIMITED 2 PARTY REPRESENTATION

 - Honesty & fairness • Accounting for funds • Skill and care • Presenting all offers • Limited confidentiality


NO BROKERAGE RELATIONSHIP - Only basic administerial duties

 - Deal honestly and fairly • Disclose material facts • Account for funds


STANDARD 3 %

• EXCLUSIVE ( Single ) AGENCY - Standard 3 % on Sale of the PROPERTY.

• TRANSACTION BROKERAGE - % Percentage - OR - Flat Fee.

• NO REPRESENTATION - Flat Fee  

• CONSULTING - Contingent on Scope of Work

• - F R E E    E S T I M A T E S - 

             305-902-3377


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I. BUYER PREPARATION STAGE

 •  Buyer Brokerage Agreement 

 •  Pre-Approval Letter 

 •  Proof Of Funds 

II. OFFER STAGE

 •  Purchase & Sale Agreement 

 •  Offer Letter 

 •  Earnest Money  

III. DUE DILIGENCE STAGE

 •  Home Inspection Report 

 •  Property Survey 

 •  HOA / Condo Documentation 

IV. LOAN PROCESSING STAGE

 •  Loan Application 

 •  Income Verification

V. TITLE AND LEGAL STAGE

 •  Title Search Report 

•  Settlement Statement 

VI. CLOSING STAGE

 •  Promissory Note 

 •  Deed 

VII. AFTER CLOSING

 •  Recorded Deed