Hi! I can tell you first hand because I'm in the process of doing the same thing (except in Rio Vista). I'm happy to share my experiences with you - as well as architect, GC, owners rep, designer, etc. We are paying just south of $300/sq ft (interior finished feet). This will include a new dock, seawall, pool and pilings. Call or text me anytime 954.608.7104... more
Your best option will be talking to a mortgage broker that can explore your financial status and advise you properly. If he/she can not provide you with a pre-approval letter at this moment, they can give some tips to increase your credit score.
MOST condos will not allow a new owner to rent property for the 1-2 years of ownership; also remember that the most Condo associations will take up to 4 weeks to screen your potential tenants:(
You might want to look into Duplex/Triplex/Fourplex units.....
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Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certified Distressed Property Expert)
RECS (Real Estate Cyberspace Society)
Successfully selling Broward County since 1986!... more
Frank and Veronica,
It seems you have answered your own question here?
Anyways, I have programs for foreign nationals that can go as low as 20% down payment in certain situations. If you have any clients that don't have the 30-35% down and you want to run them by me to see if they qualify, let me know!
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Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist
CLICK HERE for detailed listings in the area... more
Here is a list of properties that match
Could wait until the interest rates return to the 50 year average, would only double the cost. But who cares? What a few hundred thousand dollars in the overall scheme of things?
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.... more
I see your question dates to 2009. Did you buy a townhome or are you still looking? Please contact me if you would like a Realtor to aid in your search! I was thinking of up in Oakland Park, which is being changed into a very nice area. There are some nice, fairly new, gated townhouse communities there.
Sorry about the vague description and I hope I can clarify more in this post.
I have been buying refinance leads from credit burueas for over 4 years now. Only concentrating on the refinance market has been succesful but over the last year we have had obvious issues regarding appraised values. After discussing these issues with my lead source I have decided to put together a mailing/dialing campaign targeting First Time Homebuyers. This list would include both address`s and phone number`s which allow us to outbound dial and except inbound calls.
What I am looking for is a few realtors in designated target areas to go on the print marketing as the recognized realtor in that area. We could share space on the print marketing and also lead share the buyers prospected through the dialer I already have in place here at my office. I could even let you come in and prospect directly through the dialer for FTHB`s .
Basically Im looking to network with a few good realtors. If anyone is interested feel free to contact me direct.
In addition to being a Real Estate broker, I run an Ad Valorem tax appeals business in Broward. If you believe that your assessment is too high I can help you appeal your property taxes. The deadline to file an appeal in Broward County for 2010 is arounf September 19.
Please got o my website www.REtaxFlorida.com... more
Remember that it's not just the financing that's particularly dicey when it comes to condos. Condo associations (HOAs) are having one hell of a time keeping up with their finances and staying solvent. Many are on the ropes and close to bankruptcy themselves. No matter how easy or difficult it is to finance a condo, you must be extremely diligent in checking their finances.
The last thing you want to do is buy a condo in a community or building with extremely high delinquencies in their assessments. If your HOA cannot collect from 30% of nonpaying members, and you're in the 70% that do pay, guess where the HOA is coming for the windfall?
Scott Miller, Realty Associates, Boca Raton, FL... more
The answer to your question asking how a potential buyer would verify if the sellers lender has agreed to enter into a short sale comes from the buyers agent discussing the situation with the sellers agent. Every Seller cannot go into a short sale process. There is certain critiera you have to meet and questions you have to ask.
My partner and I give out a specific package to our Seller for these answers before listing their property. If you need help call Susan Penn, EWM Realtor at 954-557-5993 or email firstname.lastname@example.org... more