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Home Buying in Florida : Real Estate Advice

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  • Local Info7
  • Home Buying40
  • Home Selling5
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Activity 32
Thu Dec 8, 2016
Texgap asked:
Can I use a condotel unit as a primary residence?
I'm thinking of going that route as I'm currently living in Maryland and have retired. I still own my home here but want to stay…
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Thu Nov 17, 2016
asked:
I will be looking to purchase a home early 2017 in the Central Gulf Coast area of Florida. I've heard insurance on the mfgr homes can be very expensive. The HOA fees seems to be…
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Thu Sep 22, 2016
Kathy Burgreen answered:
I believe you are confusing a condo with a co-op. Buying a condo does not require Board approval. You are dealing with the seller directly. Buying a co-op does require Board approval.

Regarding credit scores, most co-op Boards require a minimum of 620. If you won't have a mortgage, the co-op Board will need to verify your net take home pay is enough to pay the monthly maintenance fee, utilities, food shopping and transportation. Most Boards use estimated averages for food shopping and as for utilities, they know approximately what utilities cost for the apartment.
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Wed Sep 7, 2016
Edwin.keefner asked:
Thu Jul 21, 2016
Dgkeywest asked:
Any information on manufacturing and where to buy from your own experience?
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Sat Jul 9, 2016
Deanna W asked:
I have a 520 credit score can someone get me pre approved in south Florida but I want someone local
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Thu Jul 7, 2016
Bohiolatinboy asked:
I will like to purchase a home in Florida, How do I apply for a pre-approval
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Thu Apr 28, 2016
Post.brett asked:
Can a lender do an escrow holdback for over $5,000? I am trying to buy a house for 200,000 and the seller give me a $12,000 credit for the roof. Im trying to do an USDA loan.My research…
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Thu Apr 14, 2016
Julius Burriss asked:
I chose a home for purchase. The seller me a contract unless I submitted a commitment letter within seven days. After purchasing the home inspection, the roof was bad and leaked. The pool…
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Sat Mar 26, 2016
Kathy Burgreen answered:
Looks like you learned the hard lesson of buying a house that you could not afford and you should have rented instead. Now you want advice for doing the same thing again? You're nuts! You need to rent instead of buying. If you have no money, you don't deserve to repeat your mistakes.

You can check local county or city organizations for down payment assistance.
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Thu Feb 25, 2016
Johnny_h_usa asked:
I am retiring on a disability within a year I am looking to buy my 1st home should I buy before or after I complete the retirement ?
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Sat Jan 16, 2016
Kathy Burgreen answered:
No. Lenders review a buyer's credit history and FICO credit score. If you take a cash advance it will add to your debt and lower your FICO score - something lenders don't like. This will be a reason you get denied for a mortgage.

Lenders want to see buyers save money from their paychecks for a down payment or you can receive a gift from a relative. Another option is to withdraw from your retirement account but I strongly don't recommend doing this. Realtors and lenders are OK with this but they are not the ones who will suffer the consequences if you withdraw from your retirement accounts. So don't do it as the consequences are high.
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Sat Dec 26, 2015
Travis Anderson answered:
Talk to your mortgage broker before making ANY purchases, including car, furniture, TV, etc.
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Mon Jun 8, 2015
dploves2sellhomes answered:
It sounds like you may have a back up offer, not a back up contract. In many situations there could be a number of back up offers. I would clairfy this with your Realtor.

Contracts are sent from the seller's attorney to the buyer's attorney, the buyer then signs the contract, the contract is returned to the sellers attorney and then the seller signs the contract. Sometimes there are changes made in the contract, as well.

Please keep in mind that just because there is a higher offer, does not mean the terms and conditions of the agreement are strong. That is for the Realtor to discuss with their Seller Client.

As far as how you should proceed, this is something that needs to be discussed in detail with your Realtor.

Best of luck to you.
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Wed May 27, 2015
dploves2sellhomes answered:
I suggest that you speak to your Agent. In my opinion, you should have had a final walk through, this way you could have seen the contents left in the house. Not too sure about the pet stained carpet, were the stains there when you put an offer in the home? Get advice from your Agent or Attorney. ... more
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Tue Oct 7, 2014
Linda Gerlinger answered:
Centex Homes said the shower enclosure was installed yesterday. :-)
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