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Home Buying in Avondale : Real Estate Advice

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  • Local Info2
  • Home Buying6
  • Home Selling0
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Activity 6
Thu Aug 11, 2016
Sggvv answered:
move on.

This is a suit filed for non payment. Stay away-ESCPECIALLY IF THE OWNER IS THE LISTING AGENT.
0 votes 21 answers Share Flag
Wed Jun 22, 2011
Charles Chorman answered:
As indicated you are going to have to assemble a team if you really want to obtain this property. You will need: a knowledgeable real estate agent familiar with foreclosures/short sales, a real estate attorney to handle the transaction insuring that you get a clear title, an attorney familiar with IRS liens (a real estate attorney might not be familiar with this type of transaction) and how best to satisfy them, your accountant to make sure you're taking advantage of all the tax laws. Lastly, patience. As this is a lis pendens, the mortgage holder might not have decided on just what to do with the property at this time. The owner can satisfy any outstanding balances in payments or make arrangements for a mortgage adjustment at any time. This whole process can take months to satisfy before it becomes available for sale. Check to see what the procedure is in New York.

Good luck.

Charlie
Charlie Chorman - REALTOR
Coldwell Banker Vanguard Realty
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0 votes 5 answers Share Flag
Wed May 18, 2011
Taft Alexander, GRI answered:
Dear Lifelister,

I live on Shadowlawn Street, so I am especially familiar with this section of Avondale.

You have received a number of excellent answers. I believe you have enough information at this point to make an informed decision.

I will add this. According to Trulia, roughly 9 out of 10 buyers begin their home search online, so you may wish to find an agent who has a good website and Internet presence.

Also, if you only request one thing from your Realtor®, make sure he or she uses a professional photographer. First impressions matter, and it is well documented that good photography sells homes.

If you would like to view market reports for Avondale, you may do so on my website.

Good luck!

Taft Alexander
Realtor®
Watson Realty Corp.
Avondale-Ortega Office
Direct Line (904) 421-3532
TaftAlexander@WatsonRealtyCorp.com
www.TaftAlexander.com
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1 vote 13 answers Share Flag
Sun Mar 20, 2011
Sandra Sevilla answered:
Riverside-Avondale is a well known Historic District to the Jacksonville native. I agree with David and Bryan concerning the Riverside-Avondale Historic District. I live here for 20 years! and still loving it! ... more
0 votes 6 answers Share Flag
Sun Nov 29, 2009
Allison Steilberg answered:
It's an interesting question. A lot depends on how long you've been in your home in Avondale and how much you paid for it. The research I've done shows that the values have retreated back to what they were in 2003/2004. So, if you bought in 2005, 2006 or 2007, you could be facing a loss.

If you're trading up, you probably have a smaller home to sell and that could be good because a lot of homes less than $300K are selling well due to the first time homebuyer stimulus being offered by the government.

My partner, Caroline Powell and I specialize in the neighborhoods of Avondale, Ortega and Riverside. Take a look at our website www.allaboutavondale.com or our new BLOGSITE at www.JaxRealEstateFacts.com to see very local and very specific information about what's going on. I publish a market update every Monday Morning on my blog that you might find useful. Please give us a call at 904-252-5181 if you'd like any additional information. Thanks!
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0 votes 8 answers Share Flag
Tue Apr 22, 2008
Eric Cavanagh answered:
Hi, Jessica;
If you are using a Realtor (if you're not, then call me), they'll tell you that the property gets reassesed every year and that the assesment can be challenged at any time. We're seeing a lot of this with the declining market and it's important to keep two things in mind: The assesed (or "fair market" ) value should be between 80-90% of the retail value of the property. "Retail" value is what it sells for today on the open market. The homestead exemption of $50,000 reduces your taxable amount even further so that your $190k assesed value should be reduced to about $135, then take $50k off that and you should pay taxes on approx. $85k, or $1530/yr (127/mo) at the .018 millage in Duval County. Hope that makes things a little easier. You might even get the assessor lower than that.
However (and this is important), if you are buying a short sale or foreclosed property then you will be stuck with the fair market value assesment because the property is selling at an artificially depressed price that isn't neccesarily reflective of comparable properties. Call me for more detailed information.
Eric Cavanagh Sr. Keller Williams Realty Jacksonville 904-589-6941
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