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33626 : Real Estate Advice

  • All28
  • Local Info4
  • Home Buying14
  • Home Selling2
  • Market Conditions0

Activity 984
Wed Nov 7, 2012
Julie Rosenthal answered:
Hi, Chris,
Prices across the board are at a record low, but starting to edge up again. It is an ideal time to buy whether or not the property is an REO. See all listed properties at www.BUY-SELL-RENT-FLORIDA.com. Julie Rosenthal (561)827-6789. julier6789@gmail.com ... more
0 votes 2 answers Share Flag
Tue Jan 1, 2013
Alma Kee answered:
Condos will require a large downpayment so if you have at least 25% to put down...possibly more, then you can consider buying a condo.
0 votes 6 answers Share Flag
Tue Jan 1, 2013
Margaret Hassani answered:
The best way to find how much property taxes are for a specific home is to look up the address on the property appraiser's website at http://www.hcpafl.org, then click "Tax Records" on the right hand side.

Margaret Hassani
Broker, Lightning Realty
Phone/Text: (813) 766-1501
Email: Marg@tampahouse1.com
Website: http://www.TampaHouse1.com
... more
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Tue Jan 1, 2013
Sandra Blaker answered:
Because of the fantastic climate in the whole Tampa Bay area, the tourist season is all year long.
0 votes 3 answers Share Flag
Thu Nov 22, 2012
Bill Szydlowski answered:
there is currently no active, one pending and no sales in the last 6 months. the pending was a small unit for $19,000. Good thing is that not many are on the market or have sold recently showing that you have a stable complex. Unfortunately, condos are cash purchases for the most part because mortgage lenders are staying away from them. FHA is looking into possibly starting their approval process of complexes which will help the condo market get back on its feet. If you want to delve further, my suggestion is to find a good realtor that is willing to put the time and effort into selling your unit.

Bill Szydlowski
... more
0 votes 3 answers Share Flag
Wed Oct 31, 2012
Lynn Brock answered:
Bago, answering your question can be extremely broad. Buying is easy. Understanding why you are buying requires an assessment of your personal financial position, tax implications and what you are trying to accomplish. How long do you plan on holding the property? Will you be moving into it in the future? How many years in the future.

Sit down with a sheet of paper and write out all your thoughts regarding an investment property. Then try grouping these thoughts into categories. You will start to see a pattern forming. Then ask yourself if you are buying for cash flow? Do you want the property to provide a profit or a loss? Which benefits your tax bracket?

How will you address any maintenance or repair issues that arise? How will you find and screen your tenants? Do you want to structure the investment property to meet Section 8 requirements? How will you collect the rents? Are you familiar with the Florida eviction process? What are tenant rights vs landlord rights?

As mentioned buying is easy. Then you have to work your plan. Do you have a plan?

Best regards,

Lynn Brock
Brock Realty Inc.
941.313.1234
www.brockrealty-inc.com
If you'd like to search the MLS like an agent in real time, you can visit our website and sign up for a free Listing Book account. You will be able to change the search criteria to suit yourself and received morning reports regarding new listings, price changes and recent pendings.
... more
0 votes 7 answers Share Flag
Wed Oct 31, 2012
Julie Rosenthal answered:
Wed Oct 31, 2012
Steven Pahl answered:
That question is probably too subjective to even attempt an answer. The variables for "family friendly" could be considered infinite, depending on any one persons wants and needs!
0 votes 3 answers Share Flag
Thu Oct 25, 2012
Joshua Lerette answered:
Hello Franck,

That is a great question. We have a program that might be exactly what you are looking for. There are other requirements though so feel free to e-mail me and I'll let you know exactly what we need in order to qualify you.

Joshua Lerette – Sr. Loan Officer
Residential Finance Corporation
813.402.4637
Josh.lerette@myrfc.com
... more
0 votes 1 answer Share Flag
Mon Oct 29, 2012
Stephen Gold answered:
Yes, if you asked. Dealing with the 2nd will lengthen and complicate your deal. BUT, a short sale is all about patience. Alot depends on the sellers lender, amount owed and most important the sellers financial situation of which your agent doesnt have info on. Hope this helps ... more
0 votes 9 answers Share Flag
Mon Oct 29, 2012
Lynn Brock answered:
Trulia Tampa, the answer to your question is going to depend upon the type of property that you buy, single family, condo, manufactured home. Rates will also fluxtuate if the property is owner occupied or a second home or investment property.

Let's consider what is an owner occupied. This is a residence; single family, condo or manufactured home that is occupied by a Florida resident. A second home, single family, condo or manufactured home is occupied by someone that earns their income not in Florida! You may live in Florida six months, but, if you are not a resident and / or earn your income from outside of the state, then your home purchase is considered to be a second home.

Insurance rates are different for each type of occupancy. The cost of the insurance will reflect the inherited risk of each type. Owner occupied vs second home. Then the type of structure will be considered for the coverage and subsequent cost.

Investment properties would fall under different types of insurance policies/coverage. Obtaining homeowner's insurance in some cases is not how much but can you obtain it. Frequently, a four point inspection is required by insurance companies before writing or quoting an insurance policy. A four point inspection, covers the roof, mechanics, plumbing and electrical plus the overall condition of the property.

The cost of insurance is pretty significant and most homeowner's encounter sticker shock regarding the cost of homeowner's insurance in Florida vs northern states. Insuring the pool cage is an optional cost.

Discounts are given for wind mitigation certificates, four point inspections, security alarms and in some cases for veterans. Best to shop and ask an insurance agent for more specific details.

Best regards,
Lynn Brock
Brock Realty Inc.
941.313.1234
www.brockrealty-inc.com
... more
0 votes 2 answers Share Flag
Mon Oct 29, 2012
Ron Thomas answered:
Most Sellers will give instruction on the presentation of Offers;
Some may want the Realtor to review and eliminate; since the small details can be important.
Some may want to sit down and go through them.
But, Multiple Offers often do not come in all at once; so you have to have to cut it off sometime, and go with what you've got.
... more
0 votes 4 answers Share Flag
Sat Nov 10, 2012
Bill Eckler answered:
The question becomes, for what purpose would you contact an home owners association(HOA)?
The answers to the normal questions can normally be accessed via the listing agent. Thus, your best way of accessing information would be through the agents involved.

Good luck,

Bill
... more
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Wed Oct 17, 2012
Alma Kee answered:
Contact GTE Financial (Credit Union) or other credit unions as they have granted a mortgage much sooner on a bankruptcy and even a short sale than your typical lender that must have you FIT within the very strict guidelines required in order to immediately resell your mortgage.

All the best,
Alma
Alma Rose Kee PA
Future Home Realty
813.244.9898
www.SoldOnTampa.com
... more
0 votes 3 answers Share Flag
Wed Oct 17, 2012
Lynn Brock answered:
Margie, if the mortgage and credit card company have an affiliation relationship then yes. This maybe surprising or distressing, but, credit is tight you have learned a hard lesson.

Try calling the credit card agency and ask if they would consider reopening the card with a posted guarantee. For example, you might be able to obtain a credit card with a $500 limit if you have an associated savings account with $500 in it.

Best regards,

Lynn Brock
Brock Realty Inc
941.313.1234
www.brockrealty-inc.com
... more
0 votes 1 answer Share Flag
Mon Oct 29, 2012
Daphyne Thomas answered:
Hello,

There are some really great deals out there right now! If you message me what your looking for and price range, I'd be more than happy to help you find something.

In the meantime, feel free to search my site.. http://www.daphynethomas.listingbook.com It will give you access to everything the MLS has to offer, just like a realtor. And it's updated in REAL TIME, about every 30 minutes.

I look forward to helping you!
... more
0 votes 6 answers Share Flag
Fri Oct 12, 2012
Stephen McRory answered:
-
Yes!

See the attached programs: www.pro-option.com

And then call me 813 443 0808
==
0 votes 7 answers Share Flag
Tue Oct 9, 2012
Alma Kee answered:
You may find that with 5% down versus the minimum 3% down you will get a significantly better rate.

To find out immediatelify you can qualify and get the rates and closing costs go to: www.AimLoan.com

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty
813.244.9898

PS There is also the HomePath Renovation mortgage that will allow you to include repairs in the mortgage. Not many lenders do the Renovation but Regions bank does so go directly to Regions if you're planning to do a Renovation and have your home "model" perfect soon after closing.
... more
0 votes 3 answers Share Flag
Tue Oct 15, 2013
BayAreaHomeRebate answered:
Mon Oct 29, 2012
Beverly Howe answered:
In Florida a townhome is usually a two story condominium product. Occasionally, a townhome which is attached to another property is considered a single family home. If that is the case the owner may pay the building insurance. In a condominium the association pays the building insurance and the owner insures the inside of the condominium, usually from the drywall in. Check the documents while you are under contract on a condominium to find out where the owners liability begins on the property if it is considered a condominium.

A homeowners association (HOA) is typically an umbrella association over a number of small associations within a community. The homeowners association may be all single family homes or there may be a mix of condominiums associations within the community. The HOA fee may be paid at different intervals or annually. Sometimes the condominium fees include the HOA fee if there is one and sometimes when the condominium has a HOA the fee is paid separately from the condo fee to the HOA. Any variable is possible in a Florida development.

Be sure to check before you make an offer if you think a property is just in an HOA and not a condominium association. If it is in an HOA you do not get a 3 day rescission period to check these fees. If the townhouse is in a condominium association Florida law gives you 3 days to check all the fees in the community.

You will find important information for all buyers on my informative homepage www.FloridaBuyerBuyer.com including:

The #1 Mistake Florida Real Estate Buyers Make (Your financial status remains confidential)
21 Critical Mistakes Real Estate Buyers Make
20 Things the Listing Agent Does Not Tell You about Short Sales
Short Sale Fraud
Foreclosures - the Wild West of Real Estate
Unrealistic Buyer Expectations
Buyer Beware
Chinese Drywall

The most important thing a buyer can do is first of all work with a buyer broker." As stated by AARP and The Consumer Federation of America in REALTOR News.

Beverly Howe, ABR, GRI, TRC, CIPS
Florida Buyer Broker
broker@floridabuyerbroker.com
1-800-283-7393 US and Canada
1-239-269-2766 Local Direct
... more
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