East Coast Realty Group
If it's a standard sale, where the owner controls the property, having that information may tell you what the owner owes on the house.
Many buyers feel that knowing what the sellers owe on a mortgage gives them an advantage in terms of purchase. For example, if the sellers have a high mortgage, maybe they're really desperate to sell.
However, in the current market, the surplus of buyers, both with cash in hand or mortgage in hand, tend to eliminate the desperation aspect.
If a house is priced correctly, there are usually several buyers who will gladly purchase it just because there is a lack of inventory available in the market.
The price of the house will determine the number of available buyers. If this Boca home is priced under $400,000, the seller is likely to have many potential purchasers looking at it.
However, if this Boca Raton home is priced at $500,000 or above and there is a mortgage on the property, then it may be worthwhile to know the seller's outstanding balance and the name of the bank holding the mortgage.
Johnson and Johnson Team Realty
BEST ADVICE- Mortgage Broker Responding...
Since in Broward the buyer generally chooses the title company, if you don't want to go to sites like the County Property Appraiser and enter an address, ask the title ahent you plan to use to do it for you as well as pulling up the mortgage(s) as well as any Adjustable Rate and Balloon Riders so you can estimate how the seller owes, what is coming due and when, any Tax Liens, etc.
This insider info could be very valuable in many situations when you're looking to make an offer.
Marilyn Jacobs, Realtor
Jeffrey Ray & Associates