Living in Charlotte County Florida

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Questions to ask your home inspector before buying a home in Charlotte County, FL

When you buy a Charlotte County, Florida home, you need to know exactly what you’re buying. Imagine how frustrated you’d be to find out that the hot water heater wasn’t working—in the middle of a shower! This is why you should have a home inspection before you buy your home. A home inspection is an important part of buying your home. Before you hire a home inspector, ask candidates a few questions to make sure you hire a trustworthy inspector.

What does your inspection cover? Not all inspections are the same. If you are concerned about something specific, like a leaky faucet in the bathroom, mention that to the inspector so they can check it out.

Are you licensed or certified? In the state of Florida you can search for a licensed inspector at the Florida Department of Business and Professional Regulations – https://www.myfloridalicense.com/wl11.asp

What kind of report will you give me? You should expect a written report detailing what the inspector found. Most inspectors will give you a typed report within a day or two of the inspection. Make sure the inspector will be available to explain anything on the report that doesn’t make sense to you.

Will I be able to attend the inspection? If the inspector refuses to let you be present during the home inspection, find someone else. This is your chance to know exactly what you are buying and what potential repairs you or the seller will have to make.

As your real estate agent, I will guide you through the home buying process. Let me help you find your new Charlotte County home. Call me today at 941-276-6185 or email me at tammyhayesre@gmail.com.

Tammy Hayes, Realtor, Re/Max Palm Realty,
http://www.tammyhayes.remaxagent.com/


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Tips for getting a mortgage on your second property

Are you considering buying a Charlotte County, Florida property as a second home or investment? Perhaps you are looking for a small condo or home where you can escape for vacation, or maybe you want to have another home closer to family. Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can be a challenge.

Generally, a mortgage lender will have tougher standards for second home loans than primary home loans. This is because usually when you are buying a second home your finances will be stretched thinner and you will have less money to spare because you are already paying a mortgage on your primary home. This will mean that your second home mortgage can be harder to get and might have a higher interest rate.

Here are some tips to keep in mind that will help you to get the best mortgage on your second property: Build up a decent amount of savings. Your mortgage lender will want to be able to see that you have a large amount of savings so that you will have enough to pay for the mortgage even if you were to lose your job.

Pay off any credit card debt. Many lenders will be hesitant to approve your second home mortgage if they see that you have a lot of debt on your credit card. They will want to see that you have a low debt to income ratio so that you will be able to pay back the loan.

Use the first mortgage as a good reference. If you have always made your payments on time and you are most of the way through paying off your first house, you could ask someone from your current mortgage company to vouch for you. The lender for your second mortgage will be reassured that you are a reliable person to loan money to.

These are just a few tips to keep in mind in order to make getting a mortgage for your second property as easy as possible. To find out more about investing in a Charlotte County property, contact me at tammyhayesre@gmail.com or phone me at 941-276-6185.

Tammy Hayes, Realtor, Re/Max Palm Realty,
http://www.tammyhayes.remaxagent.com/