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Home Buying in 34287 : Real Estate Advice

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  • Local Info5
  • Home Buying16
  • Home Selling2
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Activity 86
Mon Aug 17, 2009
Monica Watermann answered:
Dear Dreamhome Seeker,

Good luck on your new career, and congratulations on your decision to become a Florida resident!

You are entitled to a homestead exemption on your property taxes if your primary residence (you live here for over 6 months per year) is located in the state of Florida. To meet the qualifications, you must be a 'resident' of Florida as of Jan.1 of the year you intend to file for your exemption. So if you purchase a residence here this year, your taxes would be calculated on the assessed value of your new home, then prorated to reflect only the portion of this year that you are the owner of record. For more information and particulars on the Homestead Exemption and Save Our Homes, try this website:
http://www.sc-pa.com/Content/Homestead.asp

Best Regards,
Monica Watermann
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Wed Aug 26, 2009
Roxanne Moore answered:
A title company searches for any liens before the property is transferred. Title insurance is bought to cover any title problems after the closing. It really doesn't matter what they owe on their mortgage. In a short sale, the seller must have the agreement of the bank to accept less money than is owed on the loan. The bank takes the loss and may ask the previous owner to sign a note for the difference. This does not affect the new buyer. In addition to liens, watch out for unfinished homes that may have large permit or inspection fees due. These can add up to several thousand dollars! In all the deals we have, all liens were paid before the property closed. Title companies or attorneys make every effort to make sure a clean title is transferred. So far, not one of our customers buying a short sale has complained about title issues, only about the long time it takes for the whole process to happen. If you want to be sure, hire your own attorney to do a lien search.

Roxanne Moore, Realtor
ReMax Anchor Realty
Port Charlotte/North Port, FL
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Fri Jul 17, 2009
Shannon Moore - The Moore Team answered:
This home was built by Holiday Builders. Here are the four Holiday homes in North Port that are that model: http://mfr.mlxchange.com/Pub/EmailView.asp?r=1739613870&s=MFR&t=MFR

The home on Heaton is a short sale but it is bank approved at that price. This looks like a good bet.

I live and work in North Port and can help you find the perfect home. Please give me a call or email.

Roxanne Moore, Realtor
Re/Max Anchor Realty
North Port, FL
941-626-3926
twomoores19@comcast.net http://www.TropicalFloridaProperty.com
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0 votes 1 answer Share Flag
Sat Oct 23, 2010
Ellen Baker answered:
Hello John

This is an excellent place to buy in North Port, and is one of the most prestigious.....it is about 20 minutes to Venice and 30 minutes to Sarasota....and is about 20-30 minutes to the beaches on Manasota Key.
If you have any other questions would love to be of service.

Sincerely, Ellen Baker, Broker Associate
Michael Saunder & Co
The WaterSide Group
941-268-4999 or 941-286-0880
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Mon Sep 18, 2017
Debhazel answered:
i am adding to the above question I am relocating from cape cod and don't know community. also, is towns at lakeside construction w/o flags and will they pass inspection. any complaints. is it a good condo associaton if known. thanks for any input ... more
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Sun Jul 26, 2009
Karen MacKinnon answered:
Dianne,

We have just received our updated market figures for the first quarter of 2009 and prices are 40% lower than one year ago, but the number of homes sold has increased, and inventory is down. No one can say for certain if this is the bottom but local economists are saying if this isn't the bottom we should be there by this summer. There are 80 homes presently for sale on the MLS sytem between 100 and 120,000 in North Port .
If you would send me more criteria on what it is you are looking for, I would be happy to start working with you, to find a new home.
Karen MacKinnon
Coldwell Banker Res. R.E.
914-448-4715
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0 votes 6 answers Share Flag
Sun Jul 12, 2009
Genevieve Ramachandran answered:
Hi Shirley,
See the link below. I hope this helps. I'll try and get you more details.
Good Luck.
http://maps.google.com/maps?client=safari&rls=en&oe=UTF-8&um=1&ie=UTF-8&q=YMCA+north+port+fl&fb=1&split=1&gl=us&view=text&ei=oE3jSdKjEZjFtgfoyrylDg&sa=X&oi=local_group&resnum=4&ct=more-results&cd=1

Genny
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0 votes 2 answers Share Flag
Thu Apr 9, 2009
Anne Kyer answered:
Hi Katie,

This house is scheduled to close later this month.

Anne Kyer
Coldwell Banker Sunstar Realty
941-255-7286
0 votes 2 answers Share Flag
Fri Mar 27, 2009
Shannon Moore - The Moore Team answered:
Joe Locus, 941-875-2015. He should be able to handle of of your needs. He does all of our construction work and yard maintenence on our foreclosures homes to prepare them for sale. Joe does from the very low end homes to the multi million dollar homes. ... more
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Mon Nov 5, 2012
Bill Inman answered:
Hi Lee,

Not sure about fees in Canada, but here in North Texas, they are approximately, 1. Home Inspection $200~$300 (depends on size), 2. Survey $400 +/- for normal residential size lot, 3. Appraisal $300~$400

I would be interested in hearing how our fees compare to yours, so please share when you find out.
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Sun Mar 22, 2009
The Hagley Group answered:
Sun Mar 22, 2009
The Hagley Group answered:
Tue May 22, 2012
William H Gregory answered:
Ray,

PNC means the property is under contract and the listing has been changed to Pending (closing). If you are interested in a particular property and it it has gone PNC there may still be an opportunity to submit an offer if it is continuing to be shown for back-ups. If your offer is accepted it would go into second position to be looked at if the primary contract fell through for something like the primary buyer not being able to obtain financing.

If you are looking to purchase "hire" a Realtor to represent you. They can answer questions such as this and many more while finding you just the right home.

Good luck.

William Gregory, Realtor
941-504-3404
williamgregory@michaelsaunders.com
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0 votes 4 answers Share Flag
Mon Mar 16, 2009
Shannon Moore - The Moore Team answered:
Hi Lee,

Good question! I live in North Port and sell and list a lot of foreclosures. I can tell you that latley most of the homes that are in good condition and are priced reasonable are going for more than asking price. We have gotten several this past month and all of them have gone above list. I don't think there is a general rule as to how much you should offer but what your Realtor could do is to run some compariable properties and see what they have been selling for. This might give you a good indication of what price to expect on the home you are offering on.

Good luck with your search!

Shannon Moore, Realtor
Re/Max Anchor Realty
North Port, FL
941-276-8142
twomoores19@comcast.net
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0 votes 14 answers Share Flag
Sat Feb 14, 2009
Dallas Texas answered:
Confer with CPA who can complete your tax return, yes you need report sale of home. There should be tax advantages deductions of closing costs, and etc.
0 votes 2 answers Share Flag
Wed Mar 4, 2009
Shannon Moore - The Moore Team answered:
Hi Morris,

My partner and I live and work in North Port and would be happy to help you. Right now there are only two homes that fit that criteria exactly but both are short sales. What if you got a four bedroom home and then added a pool? Doing it this way you could probably stay way under your goal of 165K.

Here's a list of the four bedrooms homes in North Port: http://mfr.mlxchange.com:80/Pub/EmailView.asp?r=845600484&s=MFR&t=MFR
Give us a call or email and we can go over your options!

Roxanne Moore, Realtor
Re/Max Anchor Realty
North Port, FL
941-626-3926
twomoores19@comcast.net
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0 votes 6 answers Share Flag
Sat Nov 15, 2008
Beth Dorman answered:
Lew, you would need to have a title company or attorney do a lien search on the property.
0 votes 6 answers Share Flag
Wed Nov 12, 2008
James Mulligan answered:
A short sale is when a seller owes more on his home than the asking price of the listing. Contrary to many people's understanding, you do not assume any debt. If you purchase a short sale or any property in Florida, you will have the property researched by a title insurance company and you will be issued a clean title and a title insurance policy. If the title insurance company finds problems with the title and will not issue a policy, you should not purchase the property.

A short sale is often difficult to buy because banks are reluctant to let the seller "off the hook". If the seller has other assets, the bank wants them to liquidate. This can complicate any closing and often short sale offers are rejected by the banks. Sometimes short sale sellers have no real intention to sell but are looking for offers for ammunition to get the banks to renegotiate their loan.

Foreclosures (often noted as "Corporate Owned") are somewhat easier to close. You will deal directly with the bank rather than a "third party approval".

Northport has seen a lot of speculation during this real estate bubble. Consequently, there are many neglected or abandoned homes. While this might sound like an opportunity to cash in, one must be VERY cautious. I have seen many homes that will not bring a positive return on investment EVER. It is important to evaluate a property carefully. Find a real estate pro who can perform a comparative market analysis of a property and help you determine repair costs. You may find that it is better to pay a little more and get a home that is in better shape.

Finally, if you are financing, you will need a preapproval letter from your lender. If you are making an offer on a foreclosure or short sale, the offer will not even be considered without proof of available funds. Even in a private purchase, an offer holds more weight with a pre-approval letter.

Jim Mulligan, Broker
Suncoasteam Realty
941-456-3034
jim@suncoasteam.com
Free MLS access: www.searchsuncoast.com
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Mon Nov 10, 2008
Bill Eckler answered:
Lorraine,

What is the home and where is it posted for sale?

You raise a very good question..........
0 votes 2 answers Share Flag
Mon Nov 24, 2008
Shannon Moore - The Moore Team answered:
We live and work in North Port and can get you the info you need if you would like to contact us via email or phone.

Roxanne Moore, Realtor
Re/Max Anchor Realty
North Port/Port Charlotte
941-626-3926
twomoores19@comcast.net
... more
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