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Home Buying in Heathrow : Real Estate Advice

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Activity 16
Thu Jun 16, 2016
Hparker answered:
It depends on which part of Florida you are purchasing as to who pays for it. In Florida - everything in a Real Estate Contract is negotiable. That being said - since this is new construction you should ask if the builder/seller has a mortgage out on the property. If so, you may be entitled to a new home purchase discount which could give you substantial savings on the insurance.

Typically the buyer and seller will "split" the title and insurance and doc stamps on the deed - meaning one party will pay for the title insurance and the other for the doc stamps since these are usually the two biggest monetary item other than realtor commission.

Keep in mind that owner's title insurance is optional (although highly recommended) so there is no requirement to obtain that. Lender's title insurance including endorsements would be mandatory by any institutional lender with a few rare exceptions.
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Sat Mar 26, 2016
Scott Godzyk answered:
The problem is that it s the second mortgage. We are getting answers on 1st mortgages within month these days. With a second most banks holding them wont release it unless they get something worthwhile. Those offering little to nothing get delayed for at least 3 months in most cases as the bank does not have to approve or have any incentive to move quicker. It is most important the person negotiating with the bank for the seller contact them daily. if they dont, nothing gets done ... more
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Wed Aug 12, 2015
Wael Georgey - Properties In Town answered:
Hi Richard,

Did you end up buying? If not, let me know how I an assist you, if so, Congratulations!! Prices have gone up since.

Wael Georgey
Properties In Town, Inc.
(321) 231-9843
http://www.PropertiesInTown.com
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Wed Aug 12, 2015
Wael Georgey - Properties In Town answered:
Did you end up buying that home in the $400K price range? If so, It should be worth much more by now. Congratulations!!!

Wael Georgey
Properties In Town, Inc.
(321) 231-9843
http://www.PropertiesInTown.com ... more
0 votes 5 answers Share Flag
Mon Feb 4, 2013
Broker Dave answered:
Expanding your family and out growing your home may just qualify for a short sale in this environment. Banks are a bit more lenient today but again it depends on your bank and the investor who owns your loan.

You will never know unless you try!

Hope this helps and call me if you want to explore your possibilities.

Dave & Party
Real Estate Broker
Certified Distress Property Expert
http://hosted.cdpe.com/195466 (distress property website)
davelowe@orlandohomestore.com

Over 11,000 visitors have viewed my profile located here on trulia. Click on my picture and see why I represent so many buyers and sellers throughout the Orlando Metro area.

Experience - Knowledge - Family
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Mon Aug 27, 2012
Nancy Pombo answered:
The Notting Hill Subdivision in Lake Mary is great! Location is fantastic..HOA doing pretty good after foreclosures have sold. It's divided in two different areas, one gated with townhouses, one non- gated with condos.
It's really beautiful, and prices are starting to go up!
Contact me for any further questions...
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Sat Nov 19, 2011
Broker Dave answered:
Is the property listed for sale? The bank is going to want it listed on the mls first. Have the owner call me about possibly doing a short sale, if you want to know how it works you can call me then you can discuss with the owner . Banks are working with investors in some cases.

Dave Lowe, real estate broker
407-330-0060
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0 votes 2 answers Share Flag
Thu Jan 13, 2011
Pam Bava answered:
This page on my web site might help, it brings up Seminole County, you can pick the schools on the page.

http://www.rddrealty.com/default.asp?f=search_school_view_schools&d=schools (copy and paste it into your browser)

If you need further information feel free to contact me


Pam Bava, Realtor
407-982-5555
realteellc@hotmail.com
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0 votes 4 answers Share Flag
Thu Jan 13, 2011
Alma Kee answered:
Hi Rob,

Right now there doesn't seem to be a hurry to buy. There's nothing on the horizon that would indicate an increased demand for Real Estate. Keep it simple and wait until you finalize your divorce--unless our "leaders" do something innovative (i.e. opening up immigration to high net worth individuals and require a home purchase or impose huge import taxes on Chinese items) you should be okay to wait a year or two or 5.

You can buy in your name only if it is an "investment" property. We have "homestead" rights in Florida so if you are buying a primary residence you absolutely need a Florida Real Estate/Divorce Attorney's advice.
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Tue Feb 16, 2010
Shawan Pettigrew answered:
You can also find all Heathrow Homes for Sale using our advanced Google Virtual 3D map search: http://www.SterlingChaseRealty.com
0 votes 7 answers Share Flag
Wed Dec 23, 2009
Shawan Pettigrew answered:
Hi Whylene,

The answer is yes & no. First you must identify the address of the home in question. 2nd go to http://www.scpafl.org/web/web_main.main type in the address (only) and it will display who the owner is. 3rd go to: http://officialrecords.seminoleclerk.org/NV_Records/or_sch_1.asp type in the name of the owner and it will display all of his public records. look for a document type MTG this is his mortgage. all this will do is display how much the lien was for on that day. The only way to know exactly what is owed is to have a title search done and have the owner sign an authorization so you can go to his bank and request a payoff.

If you are searching for bank owned homes and Foreclosures go to: http://www.sterlingchaserealty.com/ The most advance Foreclosure search on the web!
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0 votes 9 answers Share Flag
Tue Sep 29, 2009
Pam Bava answered:
Did a quick search in the mls and about 7 homes came up.


Pam Bava
www.rddrealty.com
586-675-4653
0 votes 3 answers Share Flag
Sun Aug 3, 2008
Kathy Phillips answered:
Hi Whylene: There are different types of contingencies. Is your home in GA under contract with a buyer or are you still waiting for a buyer? If your home was under contract, a seller would certainly look more favorable to that type of contingency. The problem with having a contingency without your home under contract is that the seller in Heathrow wouldn't want to take his house off the market hoping you'd get yours sold. There are clauses such as a "72 hour right of first refusal", meaning that the seller would take your contingency offer, but continue to actively market their home and accept other offers. If the seller does receive another offer, they would give you 72 hours to remove the contingency. If you aren't able to remove the contingency within that time frame, then your offer is null and void and the seller is able to accept the second offer. In this market sellers may consider taking contingency offers, but they won't take their house off the market. I would agressively price your home in GA so that you will be in a better negotiating position with a purchase here. If I can be of help to you, please let me know. I live in the Lake Mary/Heathrow area and would be happy to help. ... more
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