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32533 : Real Estate Advice

  • All14
  • Local Info4
  • Home Buying3
  • Home Selling0
  • Market Conditions2

Activity 22
Sun Jul 14, 2013
Rosanne Mckenzie answered:
Our home is eligible for 100% financing under rural development. pensacolamls.com mls listing #447435. It is in the Lipscomb/Ransom/Tate District for school. Private neighborhood. Our agent is Robin Hogue and she can be reached at 850-384-4699..Hope you take a look! ... more
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Mon Mar 31, 2014
Frank Mediate answered:
Hello:
Even if you had a 999 Credit Score the traditional Lending Institutions want you to put down money so that you have something to risk, they call it; "Equity In The Game".
To avoid having to pay Loan Insurance you should put down 20% or more... ... more
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Tue Jan 22, 2013
Kim Kubisiak answered:
Good question! Could have been a typo. Having the pool doesn't count as waterfront. I would email the listing agent to have them clarify.
0 votes 2 answers Share Flag
Thu Oct 11, 2012
Ron Rovtar answered:
Hi Paul:

If your home was appraised by a qualified and licensed appraiser, then it the appraisal price should be a reasonably good price to start. If "appraised value" means the value placed on the home for local taxing purposes, then you probably need to talk to a qualified real estate agent or licensed independent appraiser. The county folks really try to do a good job but they are handicapped by not being able to see the condition and current features inside the home.

Best,
Ron Rovtar
Boulder CO
... more
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Fri Jun 29, 2012
Myke Atwater answered:
Hello Annie, I have looked through sold listings, and cannot find the property you are referring to. If you can give me a little more information, I would be happy to see what I can find out.
Myke Triebold
850-305-6256
MykeSaysSold@aol.com
www.DestinHomeRealty.com
... more
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Fri Jul 18, 2014
Sonya Davis answered:
http://www.city-data.com/ Here is a link where you can look up information that could help with your questions .
0 votes 4 answers Share Flag
Fri Mar 9, 2012
Victoria Morris asked:
0 votes 0 Answers Share Flag
Sun Feb 26, 2012
Michael Benavides answered:
My name is Michael Benavides with Coastal Zone Properties, LLC and I grew up in Cantonment and now specialize in real estate in Cantonment. About 60% of my sales in the last few years have been helping buyers with new construction, both spec home and pre-construction.

With a pre-construction home, I have found that most builders rarely discount the base price of the home. They cannot upset the pricing of the already sold homes in the community by discounting your home. What most builders do is offer a discount on the upgrades by either offering so much money towards upgrades or by offering a discount on certain preferred upgrades like counter-tops or fencing. Basically, the builder is offering these specials by leveraging their relationship with the vendors of these products. It helps you get the upgrades and keeps the community pricing stable.

With a spec home, it is much different. No builder wants their money tied up in a finished home. They set their price, which is the base price plus the cost of upgrades, and I help you negotiate from there. At $279,000, I would start about $265,000 and I would think you could settle in the high $260's or low $270's. Every builder is different, but I am never afraid to try and get my buyer the best possible deal. If the builder is stubborn, then I try to get you after market upgrades, either for free or at a drastic discount - fencing, fridge, etc.. The builder will take a look at its spec sheet and add up all the upgrades. For whatever reason, this upgrade amount seems to be the amount they can negotiate with. They will typically never go below base price so that they can maintain the property values in the community.

As for giving you money back, the lender will never let it happen. If you are a cash buyer, they may give you an additional discount, but it is usually 1-1.5%, if at all.

Jim, I am here to help. Representing buyers and new construction are what I do most and what I do best. Call me.
... more
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Wed Feb 22, 2012
Michael Benavides answered:
Cantonment has one main Highway that runs North to South. The surrounding area is mostly rural, with new subdivisions popping up everywhere. People like Cantonment because of the laid-back lifestyle, its mostly a bedroom community with little commercial development, great school district, and you can choose either a subdivision home or an acreage estate. Cantonment is where future development of our community is headed. Since its fairly far north into the county, flooding is typically not a factor but a proper survey will give you the best answer. The crime rate is one of the lowest of the greater Pensacola area. I do a lot of business in the area because it is where I was raised. Log in to my website or give me a call. I would be happy to answer any more questions. ... more
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Fri Sep 27, 2013
Shane Milne answered:
You'd want to start off by knowing about your credit & credit scores. If you already know then that is a great first step, but if you don't, I'd suggest you start off by getting a copy of your credit reports from https://www.annualcreditreport.com/cra/index.jsp (all 3 credit bureaus), and your credit scores from http://www.myfico.com/ as you'll be prepared to describe exactly what is on your credit to any prospective lender you are working with. You'll also want to be prepared with knowing details about your income, your monthly payments (which you can get from the credit report), the sales prices you are looking in as well as how much of a down payment you have as well as savings/checking/retirement that you would still have afterwards. With you being prepared with that information you should make the review process pretty easy & stress free (for both you reviewing the loan officer, and them reviewing you).

Explore at least 3 options, and preferably at least 1 mortgage broker, 1 mortgage loan officer who works for a bank, and also one that would work at a smaller direct mortgage lender (not a broker, and not a bank, just a mortgage lender who arranges loans and sells them afterwards - usually to the banks)... it wouldn't be a bad idea if you had the time to interview up to 6. That way you can get a feel for how each does business, because not every mortgage broker is the same as another mortgage broker, etc.

You'll want to ask what the pre-approval process entails and how long it takes. Will the underwriter who will be allowing your loan to close be the person reviewing your file as part of that process? Will it just be the loan officer reviewing your information? Will they even ask you for documentation?

You'll also want to ask what types of programs they offer, and once your documentation has been thoroughly examined you'd want to get what options would then apply to you, as well as ask what your loan officer thinks would be the best loan program for your situation.

You'll want to ask what type of fees & costs you could expect to incur along the way (credit report, earnest money deposit, home inspection, appraisal fee, closing costs, etc.), how much those costs are estimated to be, and when they are expected to be paid (at the time the service is performed, at closing, etc).

You'll also want to ask what type of loan terms can they offer you if you were to lock in your interest rate today.

You should also ask when & how they will be available - are you someone who likes to discuss things after the normal work hours on the phone? In person on a Saturday? Through email?

There are more variables to think of, some will be important to you and others will not, however I truly believe that you will have a feeling inside of you of pure comfort when you have found the loan officer who will be the perfect fit. You will leave the conversation having a full understanding of the road ahead and what is expected of you, as well as you'll feel the loan officer has left no stone unturned when going over your situation.
... more
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Fri Aug 29, 2014
Jack Liebsch II answered:
If he legally owns the property, I see no reason why he couldn't. If trespassing is an issue, you could always put up your own fence.
0 votes 4 answers Share Flag
Sat May 7, 2011
Michelle Carr-Crowe answered:
Ask your agent for their opinion and agent/buyer feedback. Also what HAS sold during those 60 days?

Honestly, it's usually price.

Other reasons: dated or too personal a decorating style; cluttered/messy home; strange smells (strong food, pets, mold).

Good luck.
... more
0 votes 9 answers Share Flag
Wed Feb 22, 2012
Genevieve Ramachandran answered:
Ebem,
A local Realtor will be able to pull up properties by days on market for you. Are you looking to sell your home?
Genevieve Ramachandran
0 votes 5 answers Share Flag
Mon Apr 18, 2011
Alma Kee answered:
0 votes 2 answers Share Flag
Mon Nov 22, 2010
Jane asked:
0 votes 0 Answers Share Flag
Tue Sep 7, 2010
Alma Kee answered:
First go to your county property appraiser's office and input the address to find the owner(s) names. Then go to your county clerk's website and look for official records and input one of the owner's name (pick the most unusual one so you don't get a ton of results), then look for Lis Pendens and Judgement filings.

Your clerk's office may also have an easier way to look up foreclosure sales.
... more
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Sat Aug 28, 2010
Skoppy asked:
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Mon Feb 15, 2010
Fred Glick answered:
Sorry, no.

If you paid points, you can amortize the deduction over the life of the loan if it is owner occupied or a 2nd home.

i.e. $3000 paid in points divided by 30 years equals $100 deduction per year as interest. ... more
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Wed May 21, 2014
ANDREW OLLICK answered:
Are you working with a Realtor? That's the sort of thing a Real estate agent would do. And it's free for you as a buyer.
Give us a call, if you'd like, we'll track that house down for you. We also offer financing. So it'd be one stop shopping for you.

Elena Ollick
Amerivest Realty
Faith Home Loans
1-800-801-6080
239-443-5400
239-206-5400
eo@oceanhomesrealty.com
skype: napleshomes
... more
0 votes 4 answers Share Flag
Tue Aug 12, 2008
Caroline Baccellieri answered:
Your local real estate professional should be able to give you information on any recently sold homes in your area.
0 votes 5 answers Share Flag
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