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Home Buying in Lake Wales : Real Estate Advice

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  • Local Info6
  • Home Buying24
  • Home Selling3
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Activity 22
Mon Jan 30, 2017
Dreid762 asked:
Our neighbor had the same experience. Should we file a complaint with the real estate commission?
0 votes 0 Answers Share Flag
Mon Oct 3, 2016
Mark LeMenager answered:
Well there are 40 properties in Lake Wales listed for under $65,000, so no idea why you are having a problem unless you are low balling properties listed for $100,000 or more. No seller is interested in that these days. ... more
0 votes 3 answers Share Flag
Mon Sep 26, 2016
Susie Kay answered:
I have answered your question on your other post.
0 votes 2 answers Share Flag
Fri Jul 15, 2016
Mark LeMenager answered:
The clue here is that they are trying to get you to contact an OFF market specialist. It's not on the market, there is no asking price. It's just public data from the courts.
0 votes 1 answer Share Flag
Thu Sep 3, 2015
Jeri Patrick answered:
You will need to speak to a local lender to see what your options are and what you are approved for.
0 votes 3 answers Share Flag
Tue Mar 31, 2015
Wayne Weathersby answered:
I am a Realtor in Lake Wales Florida, And I have lived here since 1983 and my recollection of any tornadoes are very few. Most of them came through here when we had the Hurricanes back in 2004.

Other than that the weather is almost perfect, Rain in the summers make it Humid, but the fall and winter are great.
... more
0 votes 3 answers Share Flag
Wed Feb 25, 2015
Josh Barnett answered:
Great question and on that will have to be answered by comparing options and making a the most informed decision possible by the subscriber.
0 votes 2 answers Share Flag
Wed Jan 7, 2015
Michael Joseph answered:
500 credit score, it's highly unlikely. To the agents response, a lender doesn't tell you "how much home you can afford". It's ridicolous that people keep making such statements to those to foolish to understand the amount approved for doesn't mean you can afford it. They are not financial advisors and it's irresponsible to advise them of this. Acting like a used car salesman gives you no more creditability than the sleazy guys on car lots. ... more
0 votes 2 answers Share Flag
Mon Jun 2, 2014
Jeaniebrandeberry answered:
What are all the fees for living in Lake Ashton, association, golf etc.,
0 votes 8 answers Share Flag
Mon Jan 21, 2013
Cedrick O'Hara answered:
If the information about the land was not posted in the description, contact your Realtor. He/She can find out for you. Let your Realtor do the work.
0 votes 1 answer Share Flag
Thu Nov 15, 2012
Carlos Guzman answered:
Thu Aug 30, 2012
A ''Nickie'' Rucker answered:
Good Morning! Most of the homes that are in this price range were homes that were taken back by the bank. IF you are looking for sellers who will hold mortgages they are very few and the amount of down payment you have to put down is really High. ... more
0 votes 1 answer Share Flag
Fri Mar 23, 2012
John Rogers answered:
Our Brokerage is owned by two investors... To that end, our agents are very comfortable with th types of research required, as well as all the electronic tools required to be successful.

Our investor's needs range from low end, single family properties, up to and including manufactured home parks, apartment complexes, etc.

Would love to discuss working together, as it is very familiar territory for us.
BTW... for the Lake Wales market, we have local, experienced agents in Frostproof, Lake Hamilton, Winter Haven, and Lake Alfred.
... more
0 votes 6 answers Share Flag
Tue Nov 8, 2011
Antonio Vega-Pacheco answered:
Manuela:

All offers must include "good faith money", usually 1% of the purchase price. It gets deposited with a Title company. If the offer gets accepted then they hold it until the day of closing. If offer is rejected, then you can use it towards your next offer in another location, you just present the recipt from the Title company where the money is deposited. If you end up not buying anything the money gets returned to you.

That a short-sale says pre-approved only means that the bank has given the seller OK to list the home, not that the price will be accepted by the bank. It will have to say something like "Bank has done appraisal and will accept $$$$$$ as purchase price" for it to be a real number.

More on short-sales and foreclsoures in this 2 links below:

Are short-sales for everyone > http://www.trulia.com/blog/antonio_vega-pacheco/2011/08/when_is_it_safe_to_buy_a_short_sale_what_makes_a_short_sale_bad

Short-sale vs Foreclosure > http://www.trulia.com/blog/antonio_vega-pacheco/2009/12/foreclosure_vs_short-sale_in_simple_terms

Try to find a Buyer's agent to represent you (it is free to the buyer), avoid using the listing agent. Few agents will be willing to show you homes in Orlando and in Vero Beach, they cannot be experts on 2 locations so far away. FInd one agent per region, and let both know ahead of time what your plan is, be honest and get the same in return. It will be nice to at least compensate for gas cost to the one who ends up not getting the deal.

Tony Vega
Charles Rutenberg Realty
... more
0 votes 1 answer Share Flag
Mon Apr 18, 2011
Andrea Mills answered:
Federal Register 24 CFT Part 100; 760.24-760.37 (4a) – Fla. Statute

Requirements for a community to be considered "housing for older persons":

A: The housing is specifically designed and operated to assist elderly persons and is intended for, and solely occupied by, persons 62 years of age or older

B: The housing is intended and operated for occupancy by persons 55 years of age or older and meet the following requirements:

1.At least 80% of the occupied units are occupied by at least one person 55 years of age or older.
2.The facility or community publishes and adheres to policies and procedures that demonstrate its intent to in fact be a provider of housing for older persons
3.The facility or community complies with rules established by HUD for verification of occupancy
... more
0 votes 5 answers Share Flag
Mon Apr 18, 2011
Andrea Mills answered:
To me, the problem is that the term "1 Million Dollar Home" is not appropriate, it's overstated, inflated, wrong and doesn't even apply when the actual purchase price was only $200,000.
Btw, I did not purchase a home.
... more
1 vote 7 answers Share Flag
Wed Apr 6, 2011
Genevieve Ramachandran answered:
Sat Dec 25, 2010
Michael R Krigelski answered:
So far in 2010 there have been 22 homes sold in Lake Ashton. Of those 9 were distressed properties. The 22 homes sold for a selling price per square foot at $71.63 to a high of $127.67 (a RV home sold for $163.22 but the RV garage distorts the price). If you remove the distressed homes from the list, the 13 normal sales had a median sales price of $109.34. Location and upgrades played a big part in the price of the home. If you would provide me with your contact information I will e-mail you full listing sheets on each home available here in Lake Ashton. These listing sheets have numerous photos, additional information, and in some cases virtual tours. I also live in Lake Ashton and have a different perspective on this development. I can provide you with additional information and statistics should you so choose. Feel free to contact me at any time.
Michael R Krigelski
A+ Realty and Construction
863-651-7272
mrkrig@verizon.net
www.krigelski.com
... more
1 vote 1 answer Share Flag
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