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Home Buying in Boca Raton : Real Estate Advice

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Activity 624
Thu Aug 10, 2017
Kathy Burgreen answered:
You need to learn that most (if not all) condos and town homes have rental restrictions because lenders require a high owner occupied ratio and a low rental ratio. Lenders refuse to give loans to buyers if there is a high percentage of renters in the complex because lenders own the condo until their loan is paid in full so this is their investment - not yours unless you are paying 100% cash.

Owners who are selling their condo or town home need buyers who will be approved by lenders so if your home is rented, that seller will threaten you to get rid of your tenant so they can easily sell their home. To prevent a war / lawsuits between neighbors, it's much easier and smoother for the HOA to restrict the number of rentals allowed per year.

Your best option - buy a house with no HOA community and rent it out. You need to work with a realtor for this.
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Wed Aug 2, 2017
Wiseman184 answered:
what does the phrase "Mortgage is subject to Tax Deed” mean
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Wed Jul 26, 2017
Melindahart59 answered:
What construction is a house built in 2017 concrete block covered with Hearty board?
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Fri Jul 7, 2017
Jennifer Susanne Sommers answered:
Hi,

Yes, Broken Sound membership is mandatory and fees are the following for 2017 year.

Best,
Jen Sommers
0 votes 1 answer Share Flag
Fri Jul 7, 2017
Jennifer Susanne Sommers answered:
Hi Lucy,

The membership fee needs to be paid at closing along with any fees they require in addition to membership costs.

Best,
Jen Sommers
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Thu Jun 1, 2017
Ridenour43 asked:
Thu Jun 1, 2017
stephen answered:
When focusing on a monthly budget and scanning hundreds of homes its soooo frustrating that you have to hunt this info down... once or twice fine but it gets old quick. In DC they can be as high as 1,200/mon for a 1960s small apartment. It matters.

Redfin figured it out so I use them 90% of the time.
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Mon May 22, 2017
Kathy Burgreen answered:
NO! Your agent is a jerk. NEVER do a final walk thru until the home is 100% cleaned out. As the buyer, you have every right to delay the closing until the home is cleared out. You do not have to sign any closing documents until it meets your satisfaction.

As a former realtor, the "hidden truth" (sad) is that realtors want to get paid quickly and will take shortcuts to have the closing date as early as possible. Your agent is taking a shortcut by having you to a walk thru before the home is 100% cleaned out just so you can sign the closing documents quickly and your agent can get paid.

Tell your agent the following (recite this script): I am refusing to do a final walk thru until the seller has removed all of their belongings. I am entitled to delay the closing until I am satisfied." This will upset your agent (a lot). You can then say "I want you to call the listing agent and have them push their clients (sellers) to move out and clear out all their personal belongings as quickly as possible.
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Thu Apr 27, 2017
Kathy Burgreen answered:
There are none. Trulia allows anybody to answer questions. What I appreciate now is Trulia cut down on the spam postings. About time. As you can tell I have been answering questions on Trulia for a while and I'm a former realtor. My reason for answering questions is I can say things that are true BUT would possibly be a violation of Fair Housing laws and I am not under any ethical standard for it. Also I can say things about the real estate industry that agents would never disclose.

I believe in serving consumers the truth. Realtors will up to a point. They are more interested in serving themselves first.
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Thu Mar 30, 2017
Jennifer Susanne Sommers answered:
Hello Zdagsi,

What is your price range? There are a ton of fabulous communities especially some that offer Tennis, clubhouse with resort style swimming pools. Below is a list of gated communities. If I have an idea of your price range, I can better assist you with gated communities in Boca Raton, Florida.

Best,
Jen Sommers
Nestler Poletto Sotheby's Intl Realty
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Mon Mar 27, 2017
Jonathan Klurfeld, Esq. answered:
Are you specifically looking for a country club community? Country club and budget conscious are not exactly synonymous. Most country clubs in Boca require an equity buy-in, yearly dues for the club, AND a monthly HOA.

If you are looking in Boca contact us at 561-771-4457 or info@hkrealtyfl.com and we can diiscuss further and find some options for you
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Sat Mar 25, 2017
Annzeekay asked:
as realtors know that 95 % people dont want to buy a country club house but most of the listing have country club houses mixes with regular houses so it is time wasting for the buyer after…
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Mon Mar 13, 2017
Jennifer Susanne Sommers answered:
There are lots of great homes in East Boca, new construction. Golden Harbour Boca Harbour, Bel Marra, Boca Villas lots of new construction going up there.

Selling Sunshine,
Jen Sommers
Nestler Poletto Sotheby's
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Mon Mar 13, 2017
Jennifer Susanne Sommers answered:
Dear Matthew,

Lots of great family communities. Everyone's needs are different. Are schools important to you? Do you or your children play golf or tennis?

There are some amazing new construction going up in East Boca like you suggested around Mizner Park. Is gated important to you?

Best,
Jennifer Susanne Sommers
Nestler Poletto Sotheby's International Realty
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Mon Mar 13, 2017
Jennifer Susanne Sommers answered:
Hello, JTP,

Do you mean when the home is put under contract. You will not know sale price on home until it closes.

If you mean, how much additional funds when home is under contact, the title company/bank will provide you a good faith estimate and provide you will let you know funds due.

Best,
Jen Sommers
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Thu Mar 2, 2017
Paul answered:
It will likely damage your credit. In FL & SC the resort can proceed to foreclose on a delinquent timeshare & get the property back. Doing so through the non-judicial foreclosure process does not allow the resort to seek further recovery against a former owner. Consider contacting us at Timeshare Acquisition & Transfer Inc. 828-214-1120. For a fee of only $595 we will have the timeshare transferred into our name so that you are no longer responsible for future assessments as they come due and will not be part of any foreclosure law suit. ... more
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