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Home Buying in Florida : Real Estate Advice

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Sat Sep 30, 2017
Tom Priester answered:
Taylor,

So much depends on what type of auction you are looking to participate in. If you are inquiring about a foreclosure auction through the Palm Beach County Clerk you need to fully research the process. You will need to close on the transaction very quickly with cash so you would need private funding available to fund immediately. There are many other auction vehicles however, not as many as when the market was a bit more challenged than we see today.

The reality is your best bet of finding a great deal is not through the auction process but if we can be of assistance in any way please feel free to contact me at your convenience.
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Sat Sep 30, 2017
Tom Priester answered:
Floridian,

So much depends on what type of auction you are looking to participate in. If you are inquiring about a foreclosure auction through the Palm Beach County Clerk you need to fully research the process. You will need to close on the transaction very quickly with cash so you would need private funding available to fund immediately. There are many other auction vehicles however, not as many as when the market was a bit more challenged than we see today.

The reality is your best bet of finding a great deal is not through the auction process but if we can be of assistance in any way please feel free to contact me at your convenience.
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0 votes 1 answer Share Flag
Sat Sep 30, 2017
Tom Priester answered:
Floridian,

Please feel free to contact me if you are still looking for assistance. This home has been on the market since June 16th and has been under contract three times during that period. It just came back on the market, presumably because the financing fell through, so if you want to make a move on it your timing may be perfect. It is very easy to see and I do have a little time tomorrow afternoon available.

This is a popular floor plan in Jupiter Village and sales prices through the real estate community have been between $181,000 and $190,000 over the past year. We love people seeking knowledge on Trulia and will credit you $1,000 on the closing statement if you contact us and use Paradise Sharks as your broker on the purchase of this property. Just tell me I answered your question about 212 Palmetto Court on Trulia.

Best of luck with your search......
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Sat Sep 30, 2017
Tom Priester answered:
April,

Contracts are enforceable and it all depends what contingencies were included in the contract. Generally speaking, the vast majority of residential real estate contracts in the Jupiter area are written on As-Is contracts. Typically, there is an inspection period that if not yet expired is an easy way to cancel a contract as more often than not the contract is really nothing more than a free option during this contingency period.

If you had an inspection period and it has expired your options are probably tough. You may have a financing contingency but not as easy to just walk away using this contingency. It is critical that anyone doing real estate of any kind, buying or selling, interview at least three brokers and ask a lot of questions. It is crucial to be informed as mistakes in real estate can be very expensive.

I am hoping you are represented by a broker and you really need to sit down with them, go over the contract terms in details and fully understand your options as if you do not choose to move forward your earnest money may be in jeopardy.

The best of luck in resolving your situation.......
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Sat Sep 30, 2017
Veronica008 answered:
i am buying a condo cash and my credit score is 654 and want a 657 can the board de deny my application
0 votes 14 answers Share Flag
Fri Sep 29, 2017
Diane Christner answered:
The home inspector works for whomever is paying for the inspection. As a buyer, it makes sense to pay for your own home inspection, you want the report to go to you, not the seller.


Here are some questions to ask home inspectors you may be interviewing.

1) What are your credentials? Are you licensed if required by the state (some states like FL do require home inspectors to complete an education course, pass a test and keep a current license)? What professional home inspection associations do you belong to (such as ASHI)?

2) How experienced are you? How many home inspections have you completed during your career?

3) What do you charge for an inspection? (Keep in mind cheapest does not equate to best when it comes to home inspections.)

4) How long will your inspection take? A home inspection for a typical home should take 2 - 3 hours .

5) Are you familiar with the style/ age of home I am buying? How many homes similar to this one have you inspected?

6) What type of report will you provide to me after the inspection? How detailed will it be? Do you include photos of issues you find?


As to finding an inspector, ask several of your friends who they used. Your agent may also be a source, but keep in mind that not all agents will recommend home inspectors that have a reputation for being thorough. There are sites on the Internet such as www.ashi.org that offer the names and information for affiliated members located in your area. You can also look for reviews of home inspectors on various Internet sites.
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Thu Sep 28, 2017
Boon asked:
premium is high compared with woodside lot?
Second question: Do the lake view lot add advantage during the resale of house?
0 votes 0 Answers Share Flag
Thu Sep 28, 2017
Unity1services answered:
I am responding because this is a typical thought some buyers have. Most professionals do not want to go on record to address this. I will do so ....

Its suggested for all buyers who does not value a Realtor to seek a seller that is selling their own property. Realtors are licensed professionals and pay professional fees, insurance, ongoing continuing education, fuel, and marketing materials. The states requiresactive realtors to always stay within education compliance. In addition, a Realtor must pay to be part of national and local boards as well as pay for the electronic lock box tools to access doors. NOT one single thing is free for a real estate professional. Even if there is a manual lockbox on the property, some companies will not even give the code to an agent that is not part of a local real estate board. So, you are asking someone who pays to BE IN BUSINESS to grant you their earned commission because all you feel is that they fill in the blanks.... GOOD LUCK with that.

Further more ... REALTORS collectively pay for a network of attorneys to write those contracts. The contracts has blanks to minimize legal issues down the road by limiting what can be inserted. Nevertheless, an addendum can be added to add the sun, stars, moon, and all else a buyer and seller to negotiate to agree upon. Because REaltors are not attorneys and LANGUAGE usage really matters, it is encouraged to limit what is written outside the state approved documents/forms.

Sadly, some sellers think poorly of realtors. They sniff around a few websites and feel that the realtor offer no value at all. Most sellers today have an opinion already before the realtor even show up. Its literally ridiculous for a realtor to discount their commission or even negotiate commission for professional services. Will a specialize heart Doctor negotiate his or her services??? MLS access is a fee the realtor pays for. The broker does not cover the agent fees. The sign in the yard cost something. The lock on the door cost something. Any piece of marketing that is viewed online or in print or can be shared electronically cost something. Large companies & unappreciative persons has branded a thought to shortchange he listing agent while making it even more difficult for the buyer's agent.

Well the tides are turning. Agents cut both sellers and buyers off quicker. Doors are not being opened. The truth of the matter is that even if the door is opened and a contract is written from initial contact .. depending on they type of agency agreed upon, the agent and broker can be Liable for the contract that they write well beyond AFTER closing.

Finally, no one works for free. Even BOGOs are purchased at a discount and then offered as if they are giving the public a deal. Attorneys are paid upfront. Doctors receives their copay upfront and ensure that they can bill your insurance before you are seen. Everyone typically are paid upfront ... yet, the general public wants a realtor to work for free and give their earned compensation away? Even the worse attorneys can charge a consultation fee.

Mark this thought, there is rising a new era of professionals that charge customers upfront administrative fees to offset their costs because the loyalty of some buyers is less than 7 seconds if the agent is too busy to open the door immediately instead of the buyer being respectful to coordinate an appointment for their agent to show.
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1 vote 10 answers Share Flag
Thu Sep 28, 2017
Lamourtoi answered:
Don't buy in the precast section. I can't believe how stupid people are to pay that much money for these flimsy structures.
0 votes 19 answers Share Flag
Wed Sep 27, 2017
Firebrand911 asked:
We recieved our Closing Disclosure on the same day we were scheduled to close 9/1/2017. The title company rescheduled closing for 9/7/2017. We signed, but the Seller never even showed up…
0 votes 0 Answers Share Flag
Wed Sep 27, 2017
Williamspeter199 answered:
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Wed Sep 27, 2017
Beadymom2003 asked:
Tue Sep 26, 2017
Kathy Wilson answered:
What is your timing for your move to Fl and How much are you looking to spend? I have the perfect place for you.
0 votes 14 answers Share Flag
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