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Indialantic : Real Estate Advice

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  • Local Info0
  • Home Buying3
  • Home Selling0
  • Market Conditions1

Activity 9
Mon Jan 14, 2013
Stephen McRory answered:
Mortgage Broker responds:

Follow my instructions carefully and you'll greatly improve your chances to get your overall best deal

1. Deposit at least 5% to 10% of the sales price range in an Attorney's Title Co. and obtain an Escrow Letter

2. If you need a loan, contact me and I'll give you a Pre-Qualification Letter

3. Contact one of my realtor partners who will put you on an Auto Email Alert as properties hit the MLS. They'll set you up to receive the actual MLS "BROKER SYNOPSIS" with the listing agent's contact info, names, phone numbers, emails and what commission the property pays in the bottom section of the page VS. the generic "Client Synopsis" that buyer’s agents usually send with that section is covered with the Buyer's Agent's info/advertisement.

4. Have your Escrow Letter and Pre-Qualification Letters ready, so as soon as you see something you like you can quickly email the letters to the listing agent and your buyer’s agent simultaneously. This will separate you form the rest of the pack and shows you’re a serious buyer that is ready to close quickly!

5. My realtor partner will then arrange for entry to the property, and if you like it, they’ll help you negotiate your best deal

6. In addition, on any property over $140,000, my realtor partners are willing to offer the following REALTOR REBATE examples:

$150,000 up to $1,500 rebate
$200,000 up to $2,500 rebate
$250,000 up to $3,500 rebate
$300,000 up to $5,000 rebate
$400,000 up to $8,000 rebate
$500,000 up to $10,000 rebate

pay for Closing Costs
pay for Attorney Representation for Buyer
pay for Rate Reduction to desired rate of: 2.375%
pay for Home Depot, Lowes, Best Buy Gift Card
pay for Home Warranty
pay for Home Improvement / Repairs
pay for Debt payoff
pay for Moving Company
pay towards down payment (on certain programs)
pay for the 1st full year of home ins.
pay for taxes and ins. escrows
pay for home repairs
pay off credit card debt and auto loans
pay off collections and judgments
pay to lower the sales price
pay for new furniture
pay to upgrade all new appliances
pay for home remodeling and additions
pay to have home painted
pay for weekly pool maintenance
pay for credit repair
pay for landscaping
pay for monthly lawn care
pay for new A/C system
…and/or even pay prior realtor for their efforts

NOTE: consumers should shop lenders and realtors for their Best Overall Deal.

Florida Realtor Rebates: click here to view Google search (3,000,000 plus results),or.r_gc.r_pw.r_qf.&fp=35faa8378fe109b0&bpcl=38625945&biw=1280&bih=476

The Florida Real Estate Commission(FREC) Rule 61J2-10.028 (2) provides that a licensee may share brokerage compensation with a party to a transaction as long as full disclosure is given to all interested parties.

US Dept. of Justice Consumer Alert: Consumers Can Save Thousands of Dollars in Commissions

Contact me and I’ll introduce you to realtors who offer Realtor Rebate savings anywhere in FL.

Steve McRory

Pro Option Mortgage

Ph: 888 662 4404

Prior Service U.S. Marine Corps

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0 votes 3 answers Share Flag
Thu Dec 12, 2013
Vicky Chrisner answered:
You will only know when you see it in the rear view mirror. And the answer varies by location. If you look at my web site, I show graphs and stats that demonstrate that, at least in our area, the "bottom" of the market was in 2009. ... more
0 votes 8 answers Share Flag
Sat Sep 8, 2012
Larry Fleckinger answered:
There are many reasons for a short sale...the main reason you need to sell and you owe more on your home than what it is worth in todyays market. Here is a site with some great info about short sales:

Larry Fleckinger
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0 votes 6 answers Share Flag
Fri Apr 20, 2012
Euceny Deanto answered:
Hi Patrick,
It seems like a normal sales going on over there. There are 6 units for sale with different owners. It is available to whomever wants to buy.

Euceny Deanto
Sales Associate
Cell: 321-482-8253
Office: 321-779-0210
Fax: 321-779-0217
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0 votes 2 answers Share Flag
Tue Mar 20, 2012
Erika & Michael Rogers answered:
I would be happy to talk to you on condo sales in the Indialantic area. Please contact me and I will go over the information.

Thank you
Erika Rogers
321-508-7661 cell
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0 votes 3 answers Share Flag
Sun Apr 3, 2011
Deborah Madey answered:
I don't understand what you are asking. Can you return and clarify? Thanks...
0 votes 6 answers Share Flag
Sun Mar 2, 2014
Mark Palace answered:
Jason: Give me a call and we can discuss your question live. I would also be happy to meet you at Starbucks on Hwy A1A at the new Lowes and treat you to a coffee while we discuss your real estate needs.

About Us
Our mission is to provide the best service possible to our customers and clients and to be ever mindful of your needs. We achieve true success only by placing you first.
Palace Properties International is a member of the Chamber of Commerce, Melbourne Area Association of Realtors, Florida Association of Realtors, National Association of Realtors, World Properties, Home Builders and Contractors Association of Brevard (HBCA), Florida Home Builders Association (FHBA) as well as the National Association of Home Builders (NAHB).
Whether you want to invest in California, Virginia, the Carolinas, Florida or elsewhere, we look forward to working with and for you, your family and your friends regarding your and their real estate pursuits. We take advantage of our elite and prestigious professional real estate network of top producing, pre-qualified Realtors that specialize in their respective geographical areas.

Company history
With a rich and diverse international background, the staff at Palace Properties International speaks nine languages, has lived and traveled in over 20 countries and possess multiple advanced postgraduate academic university degrees. Kelly and Mark Palace own the firm along with several other thriving businesses in central Florida.

Local Area Information
Come visit one of America's best kept secrets and you will truly fall in love with our subtropical paradise!

Just 35 miles east of Orlando, Brevard County prides itself as the home of Kennedy Space Center, the only facility in the world that launches the Space Shuttle; Port Canaveral, the second-busiest cruise port in the world; 72 miles of beautiful Atlantic Ocean beaches; and the largest collection of endangered wildlife and plants in the continental United States. With its tropical weather, cultural activities, educational opportunities, active and passive recreation options, high-technology industries, and family-friendly atmosphere, the Space Coast offers an exceptional quality of life that residents and visitors enjoy year-round. Nearly 500,000 people call its 15 municipalities and unincorporated areas "home."

Tucked in among the other beach communities of Brevard County, Indian Harbour Beach sits on two square miles of land between the Atlantic to the east and the still waters of the Indian River Lagoon to the west. Beachfront parks are a great place for a picnic (most have running water to wash off the sand before you replace your flip-flops) and Gleason Park offers 27 acres surrounding a beautiful lake, with exercise trails, lit by Victorian lights in the early evening. Tennis is available on city courts and baseball and soccer fields are available at the city’s million-dollar sports complex.

Mark, you truly are the Somerset Oceanfront Specialist. I really appreciate the way you have worked with me as an owner of two units. I know listing with you is the right choice as you are well connected both in the local community and to the international buyers. Each time I talk to you, it seems you have my best interest in mind. Thank you!” S. Veal, MD 03/22/08
- Dr. Steven Veal, Medical Doctor and Real Estate Investor 3/23/08

I met Mark Palace at the Curves Vibrant Womens Conference and decided to have Palace Properties help me find a place to rent or buy. He had a place within an hour and I could see it that evening after work. Mark works hard for his clients and always kept in contact with me by e-mails and phone calls when I needed to talk to him. Never had to wait long for a call back. He is very professional, courteous and respectful. There are some realtors out there that should take lessons from Mark Palace, Palace Properties.
- Patricia Kane, BRPH Architects/Engineers, Inc 7/24/07

Mark Palace, CEO/Founder
Palace Properties International, Inc.
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Fri Aug 9, 2013
Denise Shockey answered:
Hi Debbie, great question! I believe you are talking about the Beach Club Condominiums, there is also a complex called Beach Club Condos but it is in Cape Canaveral. This is a common scenario in many beach side condos, as well as other areas. Many were bought by investors at the height of the market. Many also have maxed out equity loans and more is owed on them then they will currently sell for.

A quick look at these revealed that many were bought in 2005 and 2006 and the owners live somewhere else, which supports what I believe the answer is. There are 12 listed as active on the mls, with 10 of those being shorts sales. While this scenario is common, you are right in that there are many in foreclosure or pre-foreclosure.

One has sold this year, and it sold for the listing price of $90,000. One more is listed as contingent with a pending contract from this month.

These appear to be the only issues. Please let me know if you need any further information, I hope this helps!

Denise Shockey
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0 votes 7 answers Share Flag
Wed Apr 9, 2008
Sandy Shores answered:
Hi Ann,

You are smart to be considering your options for windstorm protection when thinking of a Florida Beach side home. Your insurance costs will vary depending upon the size, amenities, age and construction of the home you are considering and it's exact location.

If the home is over 50 years old it will be required to have a 4 point inspection prior to closing (usually about $150). This covers the main operating systems of the home - roof, plumbing, A/C and electrical system.

I am attaching a link to the Florida Office of Insurance Regulation. I think you will find the information here beneficial. If you follow the links it will take you to local insurance agents and you can get an online figure for insurance.

On the website there is information about My Safe Florida Home Program. Homesteaded properties are eligible for a wind mitigation inspection of the home, at no cost. It is conducted by a certified inspector for the State of Florida and it includes 8 questions about the property, namely the roof, trusses and any gable reinforcements. One question pertains to the type of shutters (if any) that are included with the home. We are seeing homeowners saving anywhere from $200 to over $400 a year on their premiums, depending on the outcome of the inspection!

Best wishes to you,

Sandy Shores, Realtor
M & M Real Estate Inc.
Residential & Investment Property
Serving Melbourne, Palm Bay, Viera, Rockledge, Indialantic, Ind. Harbour, Satellite & Melbourne Beaches

I Also Buy, Sell, Rent, Own & Manage Investment Property
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