appliances and they are going to screen in the back patio......my concern is the insurance which realtor said she could help me with. I just don't want to sign a contract and then all of a sudden my house payment is through the roof due to insurance ect ect..
realtor wants a sale and isn't looking out for my best interest. Thanks again for all your info.
Yes, go directly to AAA and get a genuine quote for Sinkhole insurance so you will have a very good idea "upfront" of what your monthly housing cost will be.
Also a good estimator for property taxes is about 2% of the sale price so around $2,600/yr on a $130k house. Next year if you file for homestead exemption you will get about a $700 discount on the property taxes. In Florida we have a homestead discount and a Save our Homes discount so you can't be certain you will pay the same property tax that the current owner pays. Also there are certain property tax exemptions for disabled Veterans and Senior citizens so make sure you also know upfront what your property is estimated to be.
Good luck and since you are getting a mortgage you do have some protection from overpaying because the lender will hire a licensed appraiser (at your expense) to determine the current market value and you will not be able to buy the house if you are not willing to make up the difference between a lower appraisal value and what your contract says you will pay.
All the best,
Alma Rose Kee PA
Future Home Realty
If you don't already have your own "Buyer" broker and are contacting the listing Realtors, you may want to work with your own Realtor so they can represent your own best interests. Your Realtor will get paid by the Seller so you should not have any cost for a Realtor to assist you and hopefully give you unbiased advise.
Looks like the owner of the property may owe over $130k. Also based on the recent sales, it may not appraise for $100k.
Good luck with your search. Here is the info on the First Time Homebuyer Program, you MUST work with an APPROVED lender on the list to get the bond money:
I can highly recommend Iberia Bank.
All the best,
Also if you're a first time homebuyer, (haven't owned a home in past 3 years) you can get money from the State of Florida Bond program of up to $7,500 to buy with an FHA/VA/USDA/Conventional mortgage anywhere in Florida.
If you would rather live closer in to Tampa, you may be able to find a nice house in your price range that's slightly older but in a more stable neighborhood (with fewer foreclosures) and still buy with zero down and get a low rate.
These are the Active & Pending sales in Trapnell Ridge and some of the Short Sales may come back on the market if you absolutely want to live in that subdivision at a lower price:
PNC 3512 TRAPNELL GROVE LOOP 1544 88,900
PNC 3606 TRAPNELL GROVE LOOP 1562 89,000
PNC 3412 GROVE BLOSSOM LN 1545 94,000
PNC 3406 PEARL DOVE LOOP 1626 94,913
PNC 3709 TRAPNELL GROVE LOOP 1545 99,000
PNC 3614 TRAPNELL RIDGE DR 1525 102,800
AWC 3511 Trapnell Grove Loop 1789 105,000
PNC 3508 TRAPNELL RIDGE DR 1789 114,900
PNC 3601 HARVEST ORCHARD DR 1995 114,900
ACT 3604 HARVEST ORCHARD DR 1523 137,500
ACT 3415 BERRY BLOSSOM LN 1845 140,000
ACT 3503 HARVEST ORCHARD DR 1995 148,400
All the best,
If you want to see what similar houses have sold for in that subdivision, your Realtor can send you recent sales.
If you're not working with a Realtor be certain to hire an attorney to review any contract before you sign it. Also have your Attorney review the Title Insurance Committment letter to be sure you're not getting stuck with costs after closing. Also make sure you have at least a week to hire a home inspector to evaluate the house for serious defect, i.e. Chinese Drywall, Susidence/Sinkhole issues, Black Mold that has been covered up by a Flipper, etc. I'm not an expert in the Plant City area of Hillsborough so if you need a Realtor to help I can make a few recommendations.
Here's info on Toxic Chinese Drywall:
Also you might want to get a Radon test if you're buying in an area with known Radon Issues. You can do a zip code lookup here:
Here are the sales reported on the Realtor MLS system in the past 12 months:
Address SF Sold
3404 PEARL DOVE LOOP 1425 68,000 3 2 0 2007 2/18/2011
3421 TRAPNELL RIDGE DR 1446 85,000 3 2 0 2006 5/6/2011
3604 TRAPNELL GROVE LOOP 1562 85,000 4 2 0 2007 12/6/2011
3908 TRAPNELL RIDGE DR 1645 86,250 3 2 0 2006 1/31/2011
3403 GROVE BLOSSOM LN 1584 90,000 4 2 0 2006 5/25/2011
3609 TRAPNELL GROVE LOOP 1562 91,000 4 2 0 2007 11/22/2011
3603 HARVEST ORCHARD DR 1814 93,000 4 3 0 2006 12/28/2011
3608 TRAPNELL GROVE LOOP 1515 95,000 3 2 0 2007 10/17/2011
3442 TRAPNELL RIDGE DR 1754 105,000 4 3 0 2006 4/15/2011
3408 TRAPNELL RIDGE DR 1911 108,000 4 2 0 2006 9/20/2011
3502 TRAPNELL RIDGE DR 1845 115,000 4 2 1 2006 4/28/2011
3808 TRAPNELL RIDGE DR 1774 125,000 4 2 0 2007 3/25/2011
3707 TRAPNELL RIDGE DR 1545 136,000 3 2 0 2008 5/24/2011
Hope this helps.
All the best,
Future Home Realty
You can pretty much trust the real estate agent on valuation. Because home prices are all over the place in this market, there is still no certainty in price. What do I mean by no certainty in price? Well, a home that sold for $159,000 several months ago can sell higher or lower depending on the data that the home appraiser chooses to use in his appraisal of the home.
Because the home appraiser is truly independent, with no influence from the banks, or from the real estate agents, you can best believe that that the prices a real estate agent lists a home for will be very close to what is selling in that neighborhood.
Here's something to consider, can the home appraisal come in higher? Yes. Can the home appraisal come in lower? Yes. We as Realtors have no input in the evaluation of home prices that can be passed on to the home appraiser. If a real estate agent or bank or mortgage broker were to try to influence the appraiser, it could result in a $10,000 fine.
I hope this helps to answer any questions you have in moving forward with your potential purchase. Just know that there's no more collusion between the appraiser, the real estate agent or the mortgage broker or bank anymore.
If you want to look at properties that are available through the MLS, log on to the link I am sending with this email. Please feel free to signup for a free Listingbook.com account.