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Home Buying in Odessa : Real Estate Advice

  • All34
  • Local Info1
  • Home Buying9
  • Home Selling1
  • Market Conditions2

Activity 14
Thu Dec 22, 2016
Susie Kay answered:
Every lender is a little different, some are faster in ordering the appraisal, some are slower. Have you had the home inspected? Have you agreed on the repairs to be done after the inspection? Has this repair agreement/amendment been signed by both parties? Then you can tell lender to order appraisal. ... more
0 votes 12 answers Share Flag
Tue Dec 20, 2016
Mary asked:
Tue Nov 10, 2015
Alma Kee answered:
One issue I recently came up against was when the property couldn't pass a 5 point inspection and the Buyer needed to get VERY expensive BUILDERS RISK INSURANCE. My client had to go with an FHA 203k Streamline Renovation because his parents were non occupant co-borrowers and he only had the minimum 3.5% downpayment and the expensive insurance bumped him out of being able to qualify for the mortgage.

So if you're just doing cosmetic type fixes (not electrical, roof, plumbing etc) then you should be okay with a standard Homeowners Hazard Ins policy.

Try Gina Harris and Lenna Ellerbee with Embrace Home Loans:

Gina Harris & Lenna Ellerbee
Loan Officers
NMLS #419423, NMLS# 419441, Lic in FL
Cell (813)-244-5685
Cell (813)-220-9358

All the best,
Alma Rose Kee, PA
Future Home Realty
... more
0 votes 1 answer Share Flag
Tue Jul 7, 2015
Oz answered:
Give Quicken Loans a try -
Quicken Loans is America's largest online lender, helping over 2 million American families finance their homes.
0 votes 2 answers Share Flag
Wed Apr 9, 2014
Alma Kee answered:

There are 8 active waterfront listing on Keystone Lake:

Let us know if you need help with finding the right property.

All the best,

Alma Kee
Sold On Tampa Team
Future Home Realty
... more
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Wed Jan 22, 2014
professer answered:
You can see a sinkhole location map for your specific area at
0 votes 5 answers Share Flag
Wed Oct 2, 2013
Alma Kee answered:

The house was listed on 7/24/2011 and the Seller accepted an offer on 8/1/2011--the date you posted this.

It sold in June 2012 to an ALL CASH buyer Represented by a Keller Williams Realtor for $321,400.

The address is: 16027 ivy Lake Drive - not sure if this is the same house you were referring to but it's listed by the Realtor you mention.

If you think there was mortgage fraud involved you can report the transaction.

Did you ever buy a home?

All the best,
Alma Kee
... more
0 votes 10 answers Share Flag
Tue Feb 26, 2013
Alma Kee answered:
Also some sellers may accept an offer from a "nicer" buyer they want to give an opportunity to attempt a bargain price. A seller doesn't necessarily have to accept the highest and best offer. Of course listing Realtors should advise a Seller to only accept a back up offer that is ALL CASH and can close immediately because the time frame can be very short.

I just got an approval today on a short sale for one of my cash buyers and the title company wants to close on Friday because the approval on the 2nd mortgage will expire as of Saturday!
... more
1 vote 6 answers Share Flag
Sat Feb 23, 2013
Alma Kee answered:
Hi Vanessa,

Realtor Lisa Reeve's explanation is very thorough.

In Odessa and Lutz there are quite a few areas without a mandatory Homeowners Association. I'm not familiar with Bradenton.

Normally when you search for a home it will indicate if there is an HOA and the cost.

Your Realtor can give you a Listingbook account to search or if you're not yet working with a Realtor, you're welcome to sign up for a free Listingbook account on my website:

All the best,
Alma Rose Kee, PA
Future Home Realty
... more
0 votes 2 answers Share Flag
Fri Sep 7, 2012
Annette Lawrence answered:
This question must be supplemented with the objective of the purchase.
Is it a investment that will be placed on the rental market?
Is this a residential purchase to be occupied by the owner?
How long does the owner intend to stay put?
What is the cost of the money available?
Does a long term strategy exist such as:
-Need to finance college in 17 years.
-Need to extract equity in 5 years.
-Will use equity to purchase additional real estate.

If the above is too much work, then the old standby, buy the lowest priced home in the highest price neighborhood. (there are some traps waiting there also.)

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, Fl
... more
0 votes 4 answers Share Flag
Thu Sep 6, 2012
Jose Martinez answered:
There are several factors that need to be taken into consideration.
0 votes 12 answers Share Flag
Mon Aug 1, 2011
Margaret Hassani answered:
I tell my clients a short sale is never a sure thing until it closes. You as a buyer will never know the seller's situation. There a many, many unknowns that come in to play in a short sale. Sometimes there may be approval from the 1st mortgage holder, but there is a mortgage insurer who will ask the seller to bring perhaps a very large amount of money to closing. The same thing can happen with a 1st mortgage holder. If they don't think the seller is not in a hardship position, they will ask the seller to bring cash to closing. You will never know what goes on between the seller and the lenders, and the seller can back out at any time. It's always a gamble. ... more
1 vote 6 answers Share Flag
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