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6 First-Time Home Buyer Mistakes To Avoid By Fasi Zaywari Real Estate Broker Montreal

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1. Start searching for a home before applying for a mortgage

Many first-time buyers start viewing homes before ever getting in front of a mortgage lender. In today’s market, housing inventory is tight because there’s far more buyer demand than affordable homes on the market.

In such a competitive market, you’ll find it almost impossible to get your offer taken seriously unless you have a mortgage preapproval (or cash in hand). That’s because sellers won’t want to take a risk on someone who isn’t even certain they can get a mortgage — especially when they have many other offers on the table.

2. Talking to only one lender

Shopping for a mortgage is like shopping for a car or any other expensive item: It pays to compare offers. Mortgage interest rates vary from lender to lender, and so do fees such as closing costs and discount points.

3. Trying to buy a house you can’t afford

Before you start visiting houses, figure out how much house you can afford. In many cases, lenders will preapprove you for more than you need or would be wise to spend. 

A mortgage payment you can’t afford is a particularly heavy burden because it’s hard to change without selling the home or moving.

“If your mortgage turns out to be too much of a monthly payment, then you could find yourself in a difficult position,” Fasi says.

4. Emptying your savings

Spending all or most of your savings on the down payment and closing costs is one of the biggest first-time homebuyer mistakes.

“Some people scrape all their money together to make the 20 percent down payment, so they don’t have to pay for mortgage insurance, but they are picking the wrong poison because they are left with no savings at all,” Fasi says.

5. Not checking your credit reports

Mortgage lenders will scrutinize your credit reports when deciding whether to approve a loan and at what interest rate. If your credit report contains errors, you might get quoted an interest rate that’s higher than you deserve. That’s why it pays to make sure your credit report is accurate.

6. Miscalculating costs

First-time home buyers are frequently shocked by high repair and renovation costs. They get a repair estimate from just one contractor, and the estimate is unrealistically low, and their perspective is distorted by reality TV shows that make renovations look faster, cheaper, and easier than they are in the real world.

If you have questions or need more tips from a top real estate broker, get in touch with one of the top real estate brokers from Montreal who also serves Brossard and Laval area Fasi Zaywari.

Website: https://www.gfz.ca/

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Real Estate Leaders

How Dan Costantino Cultivated His Passion For Real Estate

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Every single one of us has a passion that we want to pursue. Lucky are those who have had the opportunity to see their dream unfold and do something they love. But those who turn their passion into something greater demand a good level of respect because of how they maximized their potential and used it to their advantage. 

Such is the case for real estate investor Dan Costantino. Hailing from Pittsburgh, Dan created an integrated network of companies to build an impressive real estate portfolio. 

Working His Way to the Top 

Before Dan got into real estate investing, he worked as a sales executive in the logistics industry. But he saw that the companies he worked for kept changing their commission structure for the worse. He eventually came across self-development books and learned about flipping houses. This nudged him to pursue his passion for real estate. 

Since then, Dan has been building his real estate empire. His primary business focuses on building a multi-family rental portfolio, flipping, and hard money lending. He owns a five-star construction company and property management company to support the growth of the investment segments of the business.

When Dan quit his supply chain career at the end of 2018, he had 30 rental units. He currently owns over 415 units, has flipped over 50 homes, and has funded over 150 loans to other real estate investors. 

Dan’s determination and devotion to real estate also earned him some recognition from the industry. He was featured in WQEDʼs Flip Pittsburgh Special.  He has also been a featured speaker at the Pittsburgh and Beaver County ACRE meetings. 

Building a Legacy and a Community 

Aside from being enamored by the process of flipping houses, Dan was also inspired to venture into the real estate industry for the people around him. 

“We get to build and improve communities. I am also motivated by the fact that we have a team that gets up every day to work on the mission and achieve the vision. I can’t let them down, and most importantly, I can’t let down my family,” he said. 

In growing his real estate empire, Dan secures his profits and opportunities by growing his portfolio. But the real estate industry already has numerous players looking for success. Dan’s solution comes from his consideration for others. 

“We have a team that works very well together, and they are complemented by our customers on just about every job. We focus on our people and we feel like if we treat our employees well, they’ll treat our customers well,” he said. 

Learn more about Dan Costantino through his Facebook, Instagram, and LinkedIn accounts. 

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Why Jalal Abuimweis Ventured Into The Real Estate Industry

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With money becoming an important part of sustaining lives everywhere, people tend to look for schemes, careers, and industries that can help them make a decent profit while leaving a positive impact on others. 

One industry that can provide such benefits is the real estate industry. The real estate industry is a big business that generates billions of dollars in revenue annually, providing ample opportunities for entrepreneurs to turn a profit.

Seeing as how the industry can generate a good income, Jalal Abuimweis decided to become a part of it. 

“I have always understood that real estate made most millionaires and it seemed like a stable investment I could invest in,” he said. 

Eventually, his decision bore great results as he now works as a real estate investor and landlord of over 50 apartments around Miami. 

Hitting Two Goals In One Career 

At 28-years-old, Jalal has already achieved so much in his career. He managed to turn his life around from being homeless in 2015 to becoming the CEO of King’s Estates. 

But aside from earning a good income, Jalal also has the opportunity to help others advance in their career and maintain the integrity of neighborhoods around Miami. 

“What I do is I buy distressed real estate from sellers that canʼt maintain their homes and need the cash to solve a problem they may have, and sell the real estate to investors in the area,” he said. 

Through this approach, Jalal gets to help homeowners in need, provide new opportunities for real estate investors in the area, and improve the neighborhood in general. 

Jalal has worked with more than 400 clients to date who have achieved desirable results with his help. In the next five years, his goal for his company is to expand and become the largest real estate investment in South America. 

An Advice For Growth 

Before Jalal reached the position he is now, he had to face challenges that tested his mettle as an entrepreneur. But because of his perseverance, he overcame these struggles and continued to improve until he realized his full potential. 

One thing that helped him achieve his levels of success is by getting rid of the bad ideas that he had when first started in the business. Nothing is easy but giving up on something just because it’s hard won’t bring any results. 

Many others can learn from Jalal’s footsteps as they continue to grow in any part of their lives. 

For more information on Jalal Abuimweis, visit his Instagram account

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Real Estate Leaders

How Blake Saunders Is Contributing To The Fight Against Climate Change Through Certified Media

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Undoubtedly, the earth’s climate is experiencing significant changes, which can be directly linked to human actions and vulnerabilities. The need to adopt alternative sources and renewable energy like solar is essential. However, there’s still one major challenge; A lot of people don’t have access to renewable energy! Blake Saunders is an individual passionate about achieving a healthier climate and has dedicated his firm to this objective. 

The young entrepreneur is the founder of Certified Media. Certified Media is an SMS marketing agency that serves two functions. The first is generating off-market deals for real estate agents and investors, and the second, helping homeowners switch to solar energy.

I am very passionate about the earth and making it a better place. My goal in the coming years is to help as many homeowners switch to solar as soon as possible. A single residential solar system will eliminate over 3 tons of carbon emissions each year. This is equivalent to planting over 100 trees. If I can help thousands of homeowners switch to solar, this will make a huge impact over the years,” Blake says.

Advocating for a Cleaner Environment 

Blake uses his business to help others, and most importantly, help environmental health. Over the years, Certified Media has linked solar companies with homeowners around the U.S open to the idea of renewable energy. Since its inception, Certified Media has helped thousands of homeowners switch to solar. 

I like to think we are helping the entire world by educating people on solar and eliminating tons of carbon emissions each day. This ultimately helps homeowners save money and more importantly save the environment.”   

With the belief that clean energy is taking off, everyone must assist the government in achieving reductions in carbon emission, especially entrepreneurs. Currently, the government is putting frameworks and policies in place for the fight against climate change. 

So, entrepreneurs must adapt to these policies and be creative with their businesses in fitting to this.

The government is heavily incentivizing people to switch to solar and they are doing this because the climate is deteriorating. They are almost paying homeowners to switch to solar. Therefore, entrepreneurs must give their support to this. You see car companies also switching from fuel cars to electric vehicles. If we keep living the way we are today, the earth will suffer more. We must all contribute to the change we desire,” Blake reveals.

Blake Saunders has adopted a unique method of implementing business goals. According to him, combining solar and real estate is important and realistic. By getting in touch with homeowners and educating them about the workability of adopting solar energy in their homes, the solar objectives are fulfilled.

My goal is to help give homeowners a better understanding of what solar energy is and how it can impact our world. By doing this, I am helping to make the world a better place,” Blake says.

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