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Pelican : Real Estate Advice

  • All100
  • Local Info17
  • Home Buying27
  • Home Selling0
  • Market Conditions6

Activity 54
Thu Oct 26, 2017
Patrick John answered:
Pretty expensive. But, not as much as you might think. We prefabricate each Retractable Enclosure system and ship it knockdown to the installation site. So the on site assembly and installation time is reduced to about two to three weeks typically.

Visit http://www.coversinplay.com/blog/how-much-do-these-things-cost/ to know more.
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0 votes 33 answers Share Flag
Thu Sep 15, 2016
David26003 answered:
Lake Okeechobee its the largest fresh water lake in the state of Florida
0 votes 1 answer Share Flag
Thu Aug 25, 2016
LLoyd Nichols answered:
MIchele: in your case only as its usualy better to rent with a Realtor for many reasons, I would check with owners who advertise themselves their home to rent...Good luck, Lloyd
0 votes 1 answer Share Flag
Thu Feb 11, 2016
Ellievdavis55 answered:
Digging the whole shouldn't be too bad, the price of the jacuzzi will vary depending on what you get, the big thing will be the plumbing. You should talk to a plumber to see how they need to do the plumbing to make it work. Once you know what that will cost, you should be able to get a final price figured out!
http://www.ableplumbingpumpandwell.com/plumbing.html
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0 votes 2 answers Share Flag
Tue Jun 23, 2015
James Peterson answered:
Bryan, give me a call & tell me what address you are interested in & I'll look up the fee info for you.
On average our area has fees from $300-450 per month and can cover, Water & Sewer, Basic Cable, Lawn Maint... You can reach me at (239) 470-2353 ... more
0 votes 1 answer Share Flag
Wed Mar 4, 2015
Seth Nadreau answered:
As a licensed sales agent AND a licensed appraiser, I can assure you that (in most cases), appraisals are coming in at or near the market value. The downfall for many buyers and sellers is that the recent sales prices of similar homes is what is utilized to determine a market value.

Many areas of the nation are seeing increasing values and this has caused many sellers to over-price their house in anticipation of continued increases. Unfortunately, an appraiser can only consider recent sales as list prices have little to do with value.
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0 votes 20 answers Share Flag
Wed Dec 17, 2014
MarZia RiVera answered:
Hello Pamela,
have you found a Seller Financed home since your posting in April of 2014?

If not my investment group offers a buyer the opportunity to choose the home they wish to purchase then I present it to them along with the buyers package to evaluate. Once accepted we move forward to purchasing the home for the buyers. Contact me for full details my email is the Broker@MarZiaRiVera.REALTOR and my direct line is 239-540-4884

MarZia RiVera, Broker
Southern World LLC
239-540-4884
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0 votes 6 answers Share Flag
Thu Nov 20, 2014
Diane Christner answered:
A short sale is when a home is being sold for less than what the current seller owes on the property & the seller does not have sufficient funds to bring to closing to cover the balance owed.

Pre-foreclosure is the time period beginning when the borrower stops paying his/her mortgage and ends when the property is foreclosed upon. This is the time period in which a short sale may occur. Once a borrower has missed at least 3 payments, the lender usually files a Lis Pendens with the clerk of court in which the property is located.

Homeowners often attempt to do a short sale in order to avoid foreclosure. Often the lender has filed a Lis Pendens and started the foreclosure process on the property. But not always.

To purchase a short sale requires patience. After you sign a purchase agreement with the owner of a short sale property, the seller's lender(s) and/or other lien holders have to approve of the sale before you can close. If there is just 1 lender, it may take up to 2 months to hear back from the seller's lender. If there's more than 1 lender, it can take 4 months or longer to hear from all lien holders. Sometimes a short sale has a tentative approval by the lender at a certain price, so the approval process may take less than 30 days.

You also need to have your financing in order before you submit an offer. Lenders like all cash offers. They will consider buyers obtaining mortgage if you are pre-approved with your lender (not just pre-qualified), the bigger your down payment the better, and your closing time should be flexible.

Contingencies are also important in getting a short sale offer approved. The less contingencies you include in the contract, the better. If you have to be closed and move out of another house/condo/apartment by a certain deadline, a short sale may not work for you.

It's also in your best interest to do a preliminary search of the clerk of court records on a short sale property you're interested in to see if there are multiple lien holders such as 2nd or 3rd mortgage, equity lines of credit, real estate tax liens, mechanic's liens, HOA liens, etc. The more liens there are, the less likely that contract will get to the closing table as ANY of the of the lien holders can stop the sale at any time by refusing to agree to a settlement.

If you find a short sale property that you like enough to write an offer on, you should have your agent ask the listing agent if the short-sale package is ready for submission to the leder and the status of negotiations with the lien holder(s). In other words, has the listing agent done his/her short sale homework.

You would make an offer in writing to the home owner, typically on an As Is (with right to inspect) contract form. The offer will include a Short Sale Addendum. Once the seller has accepted your offer, you are bound to that contract to purchase the home according to the terms written in the contract. Your short sale addendum will stipulate how long you the buyer are willing to wait for seller's lender(s) approval. It will also indicate whether the seller can keep the listing active in the MLS and continue to submit offers to his/her lender(s) under short sale approval is obtained. The contract is signed by you the buyer and the seller, not the lender(s). The lender(s) only approve of the contract.

The most common reasons why a short sale fails to close are:
incomplete short-sale package submitted to the lender(s)
short-sale package not submitted properly so sits in a pile on a desk
the offer is too low
the buyer's offer is not strong enough in terms of financing, terms or contingenties
the lender(s) took too long and the buyer backed out
the loan was sold to investors who won't approve the short sale
junior lien holders refuse to cooperate

It's very important if you are pursuing a short sale that your agent gather as much information as possible and disclosure as to the short-sale process by the listing agent up front so to help you determine the odds of that short sale transaction closing.

I know this is a lot of information to absorb, your agent should be able to sit down with you and go over the entire process until you are comfortable with it.

Regards,

Diane Christner, Realtor, GRI, SFR, CNE
Bright Realty
Sarasota, FL

www.DianeChristner.com
www.DianeChritner.info
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0 votes 8 answers Share Flag
Thu Nov 20, 2014
Ali Qureshi answered:
Good question. If no one is buying at lower prices chances are it won't sell at a higher price. Maybe it was a short sale and bank came back with a higher value?
0 votes 17 answers Share Flag
Thu Nov 20, 2014
Ali Qureshi answered:
If a house is on MLS then is it is a straight forward process. If it is not and auction is on court steps then you need to be careful and do you homework.
0 votes 15 answers Share Flag
Thu Nov 20, 2014
Ali Qureshi answered:
Wed Nov 12, 2014
Teri Zanella answered:
Need an address in order to answer this question
0 votes 2 answers Share Flag
Wed Nov 12, 2014
Teri Zanella answered:
Hi Melissa,

Unfortunately you are having a hard time because there just are no Single Family Homes in Cape Coral at an $850 monthly rental anymore. $950 seems to be the starting rate but if you look real hard you may be able to find something for $900. Wish I had better news but perhaps if you search where individuals post rentals themselves, you might have better luck. Good luck! ... more
0 votes 1 answer Share Flag
Fri Oct 31, 2014
Randy and Vicki Biehl answered:
Saltwater canals are more expensive than freshwater canals. In Cape Coral the vast majority of canals are saltwater that lead to the river and gulf. Most people prefer saltwater because freshwater canals have no such outlet. ... more
0 votes 12 answers Share Flag
Fri Sep 26, 2014
Teri Zanella answered:
Can you clarify exactly what it is you are asking?
0 votes 9 answers Share Flag
Mon Sep 15, 2014
Birgit Moenkemoeller answered:
I'm specialized in foreclosures and auctions to find you the best deal in houses or Condos. Read my clients recommendations and lets find you a Condo in your price range.
Birgit Moenkemoeller century 21 Birchwood International 239-822-8645 ... more
0 votes 2 answers Share Flag
Mon Sep 15, 2014
Birgit Moenkemoeller answered:
I just closed on a Condo which has as well a deeded dock which is rare in a Condo in Cape Coral.
I work a lot with out of Sate clients see Trulia recommendations. I love to find you the best deal and everything what is on your must have list. You want the best player on your team.
Birgit Moenkemoeller
Century 21 Birchwood International
... more
0 votes 7 answers Share Flag
Mon Jul 14, 2014
James Peterson answered:
Will take you about 40-45 mins to get to Ft. Myers Beach or Sanibel Island from this location.
Not a bad drive and no heavy traffic.
0 votes 3 answers Share Flag
Thu Jun 12, 2014
Jason Rios answered:
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