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34284 : Real Estate Advice

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Activity 147
Mon Sep 20, 2010
Theresa Brown answered:
Hello T Carter1,

It doesn't matter to the bank whether a buyer purchases with cash or is financing. If financing is approved, it's as good as cash. It comes down to how much of a loss the bank is willing to take. Typically short sales are priced lower to attract buyers but the bank may not even agree to a full price offer. The bank will get their own BPO (broker price opinion) or appraisal when an offer is submitted. They'll crunch their numbers, do their diligence, and either accept the offer price or counter it with a higher price. It depends on the bank, the amount of the mortgage, and the amount the bank is willing to forfeit. That's the long answer. I hope this answers your question to your satisfaction.

Theresa Brown
Michael Saunders & Company
110 Nokomis Avenue North
Venice, FL 34285
Direct: 941-350-5005
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0 votes 5 answers Share Flag
Sun Apr 21, 2013
Nicki Conway answered:
Hi Mary
You can only homestead your primary residence and not an investment or rental property.
Nicki
0 votes 9 answers Share Flag
Mon Jul 19, 2010
Faye Doyle answered:
Hello Tom,
Currently there are many listings available within your price range in the Venice area. What will happen to pricing and availability of units between now and the date of your move, no-one can tell. you may want to consider all options such as villas and townhouses. Are you 55+, do you have a pet, do you want a commuinty pool or amenities? You may want to start your search early if you will be open to "short sale" transactions as they typically take up to a 3 month minimum to close. I currently have a short sale listing on Venice Island for $85,000. It is a 2/1.5. Please contact me for more up-to-date information.

Faye Doyle, LLC
RE/MAX Alliance Group
2000 Webber Street
Sarasota, FL 34239
Cell: 941-504-7496
Fax: 941-954-5455
Email: fayedoylellc@gmail.com
Website: FayeDoyle.com
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0 votes 5 answers Share Flag
Wed Feb 24, 2010
Gerard Dunn answered:
With the dramatic decrease in values in the Florida market - it is tough to determine without knowing the assessed value of the property. Your Realtor should be able to get this information to detemine what you can expect.

Insurance costs will be significantly higher in Florida than Michigan. A good insurance agent can give you an estimate of the cost of a policy by providing him property information - most of which will be on the MLS listing.

Once again - enlist the assistance of your Realtor.

Good Luck!
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0 votes 7 answers Share Flag
Sat Mar 13, 2010
Deborah Dunnick answered:
The maintenance fees are approximately $386 per month at Woodmere. If you have any other questions please feel free to email me at debbiedunnick@hotmail.com or you can give me a call at 941-400-3524.

All my best,

Debbie Dunnick
Realtor
Michael Saunders & Co.
http://www.DebbieDunnick.com
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0 votes 6 answers Share Flag
Fri Jan 22, 2010
Marge Bennett answered:
If you contact me with the MLS numbers or addresses, I can give you more specific information. Off hand, they are either not in great locations or not in great condition. But sometimes you can find a really great deal.
Marge Bennett
Sellstate Achievers
239-560-4159
Marge@MargeBennett.com
Marge Works Harder...for YOU!!!
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0 votes 2 answers Share Flag
Sat Dec 11, 2010
Tammy Hayes answered:
Ownership of a property

A freehold estate is an estate involving ownership. There are two types of freehold estates - fee simple and life estate.

In a fee simple estate which means you have 100% ownership, there are four ways it can be held.
1. estate in severalty - sole ownership
2. tenancy in common - held by two or more persons. Each person has undivided interest in the whole property. All owners have equal rights.
3. joint tenancy - shared by two or more persons that must have equal and undivided interests.
4. tenancy by the entireties - an estate for husband and wife only.

A life estate is created when an owner of a fee simple estate conveys ownership to another, but only for the balance of the lifetime of the party to whom the property is conveyed.

Seek advice of a real estate lawyer in order to determine which type of estate you would like when owning a property.

Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL
tammyhayesre@gmail.com
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0 votes 0 Answers Share Flag
Fri Oct 31, 2014
Kimberlie Slade, SRES, PMN, AHWD, TRC, SFR answered:
Hi, Nana,
There are 12 Listings throughout Venice Isles, which I might add is a lovely community. Here is the Link to 2 right on Cervina http://mfr.mlxchange.com/Pub/EmailView.asp?r=1563847170&s=MFR&t=MFR . There are however, 10 other Listings for Sale ranging from $29,000 for a 1 bed/1bath, up to $92,500 for a 2bed/2bath. I would be happy to show you any of them at your covenience. Please give me a call if I can be of further assistance.
Your friend in the business,
Kim : )
Kimberlie Slade, SRES, PMN, TRC
Seniors Real Estate Specialist
Women's Council of Realtors (WCR)
2010 WCR District XII Vice President
2006 & 2007 Past WCR Venice Chapter President
2008 WCR Chapter Mentor of the Year
2007 WCR National & Florida State Chapter of the Year
2007 WCR Chapter Business Women of the Year
2008 & 2009 FIVE STAR AGENT "Best in Client Satisfaction"
2008 Top Producer
Prudential Florida Realty
Kim@KimSlade.com
941-468-9843
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0 votes 3 answers Share Flag
Wed Apr 21, 2010
Nadine Mauro answered:
Hi Cat,

I just want to say Congratulations on being able to be such young retirees. Enjoy the Florida lifestyle, and our wonderful weather.

Nadine Mauro
Realty Hub, Inc.
561-414-0864
NadineMauroRE@yahoo.com
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0 votes 17 answers Share Flag
Wed Apr 24, 2013
Kat Rumfelt answered:
I will for ward your request to our Rental Manager.

Kat Rumfelt
Broker Associate
Bosshardt Realty Services, Inc.
0 votes 3 answers Share Flag
Mon Dec 21, 2009
Alex Krumm answered:
Turk -

Habitat for Humanity in Sarasota at the corner of 17th and East Avenue is an excellent resource. They have a large showroom with lots of excellent furniture, and the proceeds go to a really good cause - 941-365-0700.

Alex Krumm
Re/Max Alliance Group
Broker-Associate
GRI, Certified Distressed Property Expert
941-234-3597 Direct
941-954-5454 Office
alex.krumm@verizon.net
www.sarasotapropertygroup.com
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0 votes 5 answers Share Flag
Thu Jan 7, 2010
Kevin Cloutier answered:
Hi Hentgesr,

Thank bank ordered either a bpo ( value based upon agents opinion) or an appraisal (completed by an appraisor) and the value came in higher than your offer in thier opinion. I have had that happen occasionally, sometimes situations happen where the bank isnt willing to take that much of a particular loss. You can accept, counter with evidence to support your offer (your agent should do this for you) or you can walk.

Most properties are still a deal even if the price you pay is a bit higher.

Good Luck


Kevin Cloutier
Southern Premier Realty
1716 Cape Coral Pkwy W, Suite 1
Cape Coral, FL 33914
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0 votes 11 answers Share Flag
Mon Nov 23, 2009
Kimberlie Slade, SRES, PMN, AHWD, TRC, SFR answered:
Hi, Mary,
It depends on the bank. Some close in 30 days, some 45. Cash of course is always better, if you're going to make an offer you need to include proof of funds, perhaps a bank statement with the account blacked out. DOn't forget about the tax credit for 1st and 2nd time home buyers. It's a great time to buy! If I can be of further assistance, please contact me.
Your friend in the business,
Kim : )
Kimberlie Slade, SRES, PMN, TRC
Seniors Real Estate Specialist
Women's Council of Realtors (WCR)
2010 WCR District XII Vice President
2006 & 2007 Past WCR Venice Chapter President
2008 WCR Chapter Mentor of the Year
2007 WCR National & Florida State Chapter of the Year
2007 WCR Chapter Business Women of the Year
2008 & 2009 FIVE STAR AGENT "Best in Client Satisfaction"
2008 Top Producer
Prudential Florida Realty
Kim@KimSlade.com
941-468-9843
... more
0 votes 4 answers Share Flag
Fri Jan 29, 2010
Patricia Scott answered:
Property taxes in Florida are based on the current assessed value. They are adjusted every year.
In Florida, everyone is assessed the same - it doesn't matter if you are a citizen of another country.
However, if you are a fulltime Florida resident then you have the option of "Homesteading" the property.
The effect of this act is to decrease the taxable value of the property by $50,000.
ie if it is worth $300,000, it would be taxed as if it was worth $250,000.
In addition, if the valuation of the property went up quickly as it did between 2000 and 2006, the increased value for the purpose of taxation is limited to a specific amount - somewhere around 3%/yr, I believe.
However, on the other side if the property decreases in value by 40-60% as properties have in the past several years there is also a peg on the decrease.

In the States, if you pay taxes here, you can deduct the real estate taxes and interest paid on your mortgage off those taxes as a deduction even if the property is a second home to you. You cannot do this in Canada. Apparently they believe it is not good public policy to value property ownership over property rental. This is called public neutral taxation.

In the event you do not pay taxes in the US, you cannot take advantage of those expenses/deductions here.

Your property can be held by you personally or by a trust or by a corporation. You would need to consult your accountant to determine if you want to take the property as a business investment/rental property and then those expenses could be used as an offset against rental income.

Insurance costs are high for everyone. One of the facors they look at is the credit rating of the person owning the property and residing in the property. Another thing they look at is the number of claims that have been made against the property in the past - even if it was by the previous owner. They also look at any previous claims you may have made yourself on other properties. They also have higher costs for vacant properties. You might be able to discuss all of these things with your agent to get your costs decreased by providing an affidavit from your Canadian agent of you record up there..

Good Luck!
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0 votes 4 answers Share Flag
Wed Apr 22, 2015
Barbara Singleterry answered:
You should check to see how the mortgage deed is vested. Is it in his name as sole and separate property, or is it in both your names? Is the mortgage in both of your names? You can check the deed in the County Recorder's office. If both your names are on the deed, he cannot sell the house legally without your knowledge. You might want to check with the County property tax office to find out why your husband is the only one listed on the tax records. ... more
0 votes 6 answers Share Flag
Sat Sep 18, 2010
Jim and Donna Soda answered:
Welcome to Sarasota and Lakewood Ranch! You should, with out a doubt, visit Lakewood Ranch. Public schools are A-rated, family oriented. 20 minutes to one of the worlds Best beaches at Siesta Key. 20 minutes to Lido Beach and St. Armands, 25 minutes to Longboat Key. Local shopping, restaurants, Sarasota Opera, West Coast Symphony, Ringling Museum, Sarasota Ballet, Asolo Rep Theater and plenty more. The Greater Sarasota area has it all. You can Google these areas or visit our website at www.JimSoda.com I know you will enjoy the area. It's worth the visit!
Jim Soda 941-809-7759
Web site: www.JimSoda.com
Your Real Estate Resource for the Greater Sarasota Area.
Foreclosures and Short Sales
JimSoda@prudentialpalmsrealty.com
Prudential Palms Realty - Fine Homes International
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0 votes 12 answers Share Flag
Mon Jan 16, 2017
Chad F answered:
Hi Brooke,

Here is some quick info I have compiled on the Woodmere Apartments and community in Venice. Please let me know if I can assist you further in your needs.

This is a nice video giving some great information.
http://www.dailymotion.com/video/x9423y_woodmere-apartments-of-venice-in-ve_travel

This site shows some of the "events" that are scheduled at the Woodmere Community Parks and Rec.
http://events.heraldtribune.com/venice-fl/venues/show/1052611-woodmere-community-park-recreation-center

Hope this helps and please don't hesitate to call on me if you need anything else!

Chad Fay, ePro, TRC
Realtor
Prudential Palms Realty
941-400-2741
chadfay@prudentialpalmsrealty.com
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0 votes 8 answers Share Flag
Sat Dec 11, 2010
Jackie Robertson answered:
Ellie,

As of today, I do not see any on this particular street. I also looked in the Jacaranda area, but did not find anything in foreclosure or short sale I would be happy to look at other areas for you...my e-mail address is jackierobertson@prudentialpalmsrealty.com

Thanks
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0 votes 2 answers Share Flag
Wed Nov 4, 2009
Michael Putnam answered:
Here is an article you might find interesting.
http://www.veniceflorida.com/features/vgrcmining.htm

Mike Putnam
Coldwell Banker
Venice FL 34285

941-662-9941
0 votes 2 answers Share Flag
Tue Oct 6, 2009
Bill Eckler answered:
Hi Mary,

Your question is a good one.....

The number of short sales and foreclosures have definitely decreased significantly in the past year. There are currently 26 single family homes currently on the market with only one "foreclosure" and nine "short sales."

Lennar is currently building a number of new construction homes and and new homes are selling now selling. We view this as a strong sign that the community continues to have high desirability and that the area new home market is showing signs of life.

We are not affiliated with Lennar but have information about their products as well as the history of local sales and would be happy to provide you with additional information, if interested.

There are some great opportunities for saving at this time, especially for homes that are near completion.

Best regards,
Bill Eckler

Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363
... more
0 votes 3 answers Share Flag
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