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Eatonville : Real Estate Advice

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Activity 8
Sat Jun 18, 2016
Mark LeMenager answered:
If it's in the MLS, your agent needs to say yes to the right feeds for it to show up. Check on that. Should be in your listing agreement.
0 votes 1 answer Share Flag
Mon Oct 7, 2013
Mark LeMenager answered:
Interesting that no one so far has suggested that you reread the purchase contract to see what your contractual remedies are. They will be significantly different depending on which standard Florida form you used - the As-Is Contract or the "normal" contract with repairs in it. (I put "normal" in quotes because most offers these days use the As-Is.)

If you use the As-Is contract, then simple, you send a rejection of the Inspection notice and add a without prejudice offer saying what you would be willing to accept. I had this exact same issue come up this year. The list agent and the seller were aware of an unpermitted garage conversion. When my buyer found out, he simply said, the inspection is rejected, but we will proceed if you lower the price $20,000. They did. Do not for one second assume that your seller does not know about the unpermitted work.

If you used the with repair contract, then I agree you should discuss your next step with your agent.
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0 votes 10 answers Share Flag
Wed Aug 14, 2013
SH Invgtr answered:
Sinkhole activity on the property. The "Association" has sent correspondence to the residents regarding the sinkhole issues, and there has been a number of geotechnical engineers/experts who have been seen performing testing on the property, as well. ... more
0 votes 9 answers Share Flag
Wed Nov 9, 2011
Genevieve Ramachandran answered:
Tammie,
depends on the by-laws. Check them carefully before buying, to avoid surprises later on. some have no restrictions on renting, and others have very strict guidelines. When looking for property, let your Realtor know exactly what your criteria is and take it from there.
Good Luck!
Genevieve Ramachandran
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0 votes 5 answers Share Flag
Sun Feb 27, 2011
Carl Ashton answered:
Matt visit www.homepath.com Fannie is looking to clear these out.....We are the excluse area lender for Homepath.

If you find one that you want to buy, unlike most condos you cannot finance FHA these are already approved for 3% down with a 660 credit score financing or 5% with a 620 credit score. No appraisal worries either.

650 a month FHA is ---- arround 128K you will be hard to find a

650 a month Homepath is ---- arround 135 K due to No mortgage insurance. Mortgage Rates on Homepath are slightly higher, or points will be added as it doesnt require mip. At todays rate quote.

We have some of these listed also at www.premierhomesstore.com

You can apply at the website below if you find the perfect home
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0 votes 7 answers Share Flag
Sun Jan 2, 2011
Tom Priester answered:
Hao,

I do not know much about Eatonville but there are amazing opportunities in today's market throughout the state. I can tell you that, in my humble opinion, there is no safer investment with better returns than buying the right investment properties, in the right locations and the right price in southern Florida. I deal daily with investors in Palm Beach and Martin Counties and the biggest obstacle is getting contracts as the best deals get snapped up very, very quickly and most often it is a multiple bid situation. Fannie and Freddie now require that investors sit on the sideline for their listings for 15 days+/- to give owner occupants the first crack. I tell anybody who will listen to buy as much of the right properties as you can as this is a unique opportunity to position yourself for financial security in the future. You may be interested in reading one of my previous blogs on the subject;

http://tompriester.wordpress.com/2010/10/28/billionaire-gold-investor-says-buy-one-house-then-another-and-then-another/

Most of the projected returns I deal with are well in excess of 10% annually for those paying cash and planning on a hold period of at least 4 to 5 years. We run detailed financial analysis on each deal before making offers and if you would like to take a look at how I put that together please feel free to contact me at your convenience. We look closely at recent rental rates, inventory and absorption in each community to ensure your risk is limited.

Most of the best returns are found on smaller deals ($50,000 to $125,000). If you are tied into investing in Eatonville that is one thing but do not overlook the paradise we enjoy here in the Jupiter area. Here is another blog you might enjoy;

http://tompriester.wordpress.com/2010/06/04/jupiter-rocks/

If you have may have any interest in Palm Beach or Martin Counties or if I can answer any other questions, just let me know.


Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
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0 votes 1 answer Share Flag
Mon Dec 21, 2009
Rick Aguirre answered:
Chris,
Here is a website resource you may find helpful.
As Realtors we have an obligation to be impartial when discussing questions such as you have presented. We are not permitted to " Steer" and as such must ask you the buyer to do your do-diligence. I hope this helps.
Realtor Rick.

http://zipskinny.com/index.php?zip=32751
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0 votes 2 answers Share Flag
Sun Apr 5, 2009
Mott Marvin Kornicki answered:
I think the exact statute number is located at the link below. It is something that should be completed- I am not familiar with the exact statute.
0 votes 1 answer Share Flag
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