Pembroke Pines, Cooper City and Davie real estate and homes for sale in Florida, Hablo Espaņol, Spanish speaking - John Lucka REALTOR® John Lucka REALTOR(r) for Pembroke Pines, Cooper City and Davie, Florida real estate, Hablo Espaņol, Spanish speaking - NUMBER1EXPERT™ John Lucka NUMBER1EXPERT(tm) for Pembroke Pines, Cooper City and Davie, Florida real estate, Hablo Espaņol, Spanish speaking
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John Lucka, REALTORŪ, real estate agent and broker for Pembroke Pines, Cooper City and Davie Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
Financing Your Home >When Interest Rates Rise

Many people fall out of the home buying market when interest rates start to go up. This is often a mistake. Many of the best mortgages deals become available when lenders are competing for new business and sellers are competing within a smaller buyer pool. You just have to know how to keep the costs down in order to counter the higher interest rates.

One of the best tricks is the buy-down. In a buy-down, a fee is paid at the closing to get a lower interest rate. In a soft market, an anxious seller may be lured into to paying all or part of the buy-down. Another approach is to get the seller to pay some of closing costs, thus lowering the amount of cash a buyer needs to close. Frequently the seller's costs can be used as a write-off by the buyer. Always consult with your tax advisor if you are considering such an arrangement.

If the market is softening due to rising or higher rates, the price itself becomes an area where a buyer may be able to save a lot of money on a house through skillful negotiating. Lower prices mean lower loan amounts, so don't be discouraged by higher rates--use them to your advantage.

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Real Estate Trivia
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What characteristics must a home have to be considered a prestigious property?

A 
Unique architectural design; Highly desirable location; celebrity status--owned by a well-known person.
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John Lucka, REALTORŪ, real estate agent and broker for Pembroke Pines, Cooper City and Davie Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

John Lucka
RE/MAX PowerPro Realty

4301 S. Flamingo Road Suite 101
Davie, FL. 33330
Phone: 954-874-2525
Fax: 954-874-2520
Email: john@johnlucka.com

John has been working full time in real estate since 1977, earning numerous national and local awards, including the number one agent in a national organization of nearly 6,000 sales professionals. A consistent member of the RE/MAX Platinum Club as well as a recipient of the prestigious RE/MAX Hall of Fame and Lifetime Achievement Awards, he continues to be one of the area's top producers year after year. John has become one of Broward's most successful and respected real estate professionals. You'll benefit from his many years of experience! John has helped over 2,800 families buy or sell their home. He specializes in short sales, foreclosures, rental or management of real estate.

CRS MLS REALTOR


RE/MAX PowerPro Realty real estate and homes for sale in Pembroke Pines, Cooper City and Davie Florida    RealEstateABC

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