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Jacksonville : Real Estate Advice

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  • Local Info164
  • Home Buying567
  • Home Selling81
  • Market Conditions32

Activity 1,044
Sun Feb 17, 2013
Rosina Eisenmann 904-482-8666 answered:
Hi, and welcome to my city, Jacksonville, where Florida begins! 'Affordable'. There are plenty of homes available for sale or rent on or near the water in both Duval and St Johns County. Could you email or call me with some specifics? Size, how much are you spending? Renting? Buying? Needs versus wants... So many details to help you find that perfect home! Rosieflrealtor@yahoo.com ... more
0 votes 6 answers Share Flag
Wed Feb 6, 2013
Eric Hooper answered:
Typically the answer is yes you should be able to walk away depending on your purchase agreement. We are seeing more lenders ask for seller contributions on short sales, especially FNMA loans. My guess is the seller does not have the money which is why they are asking if you will contribute. If you think the home is still a good buy than it might be worth contributing more cash to get the deal closed. Recommend you discuss with your agent. Good luck. ... more
0 votes 7 answers Share Flag
Mon Feb 4, 2013
Brian Gabree answered:
Stephen,

While every community has it's less desirable parts of town, what one person considers bad, another person may feel completely at home in. Also, affordability plays a key role in what community you may choose to live in. Ponte Vedra is a very nice, ocean side community with multi million dollar homes. Springfield is a relatively inexpensive historic community close to downtown. While it is fairly safe, it does have it's share of gritty urban street life. So it just depends on what you're looking for. ... more
0 votes 4 answers Share Flag
Sat Feb 2, 2013
Mack McCoy answered:
By "pre-paids," they mean: your first year of homeowner's insurance premium and lender-required reserves for property taxes and the following year's insurance. They call them "pre-paids" because when the property taxes and insurance premium come due, they take the money to pay them from a reserve account that you have been contributing to. ... more
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Mon Feb 11, 2013
Rosina Eisenmann 904-482-8666 answered:
Yes! I work with several lenders who specialize in the medical field as well as first time home buyers. Call me and I will share my contacts with you.
0 votes 5 answers Share Flag
Thu Jan 31, 2013
Frank & Sharon Alters answered:
Hi DkSmith,

You are asking some great questions.

Mortgage discount points are paid at closing and they reduce the interest rate on the loan. The amount reduced varies, depending on what the bank is offering at that time. A 'normal' discount on the interest rate is 1/4% for one point, or one percent of the loan.

For example:

Loan $200,000
Discount Point $2,000
Interest rate Discount 1/4%
Rate goes from 3.5% to 3.25%

This sames the borrower about $50 a month on payments. At $50 a month, the borrower is saving $600 a year. At $600 a year savings, it would take a little more than 3 years to break even.

When is it a good idea to pay Discount Points? When you are going to be in the house longer than the break even point.

Discount points are tax deductible. If you are asking for some closing costs from the Seller and planning on paying discount points, be sure that you pay the discount points and they pay the other costs so that you can get the tax deduction.

Hope this helps. Let us know if we can help you with anything else.

Best regards,

Sharon H. Alters, GRI
Team Alters
Coldwell Banker Vanguard
904-673-2308
sharon@teamalters.com
... more
0 votes 1 answer Share Flag
Fri Feb 1, 2013
Frank & Sharon Alters answered:
Hi DkSmith,

If you buy the home in your name, there is down payment assistance for first time homebuyers, provided that you meet income and other guidelines. This is usually available through the County where the home is.

There are also loans where you can roll the closing costs into the loan, so you need to know which banks can do this for you.

There are also builders who will pay all your closing costs - or can be negotiated into paying them if you have a skillful negotiator working for you.

Be aware that you will have to agree to live in the house a number of years to receive down payment assistance, and you will likely have to attend a class and make application for the program. If you move or sell the house prior to the time, you will have to pay back a portion of the assistance, depending on how long you have lived in the house.

If we can help you with anything else, please let us know.

Best regards,

Sharon H. Alters, GRI
Team Alters
Coldwell Banker Vanguard
904-673-2308
sharon@teamalters.com
... more
0 votes 2 answers Share Flag
Fri Feb 1, 2013
Rosina Eisenmann 904-482-8666 answered:
Best to check with a real estate attorney who will have your best interests at heart. Many will give opinions, but it's your money at the end of the day. If you are in Jacksonville, I can recommend several reputable lawyers. ... more
0 votes 9 answers Share Flag
Thu Jan 31, 2013
Henry Pruitt PA answered:
Hello Sherry,
I am a cyclist myself and there is a lot is bicycling here road and off road. Kayaking is also very safe with several clubs and events going most of the year. If you are looking at moving here I will be happy to get you more information about these groups.

Henry
904.635.4861
... more
0 votes 6 answers Share Flag
Thu Jan 31, 2013
Henry Pruitt PA answered:
Which part of Bartram Springs are you looking at? Also the amenities are covered in the HOA fees.

Henry Pruitt
904.635.4861
0 votes 3 answers Share Flag
Sat Feb 2, 2013
Henry Pruitt PA answered:
To answer your question, yes. But this property has an offer on it now, is there any other properties that you like in this area?

Henry Pruitt
904.635.4861
0 votes 2 answers Share Flag
Tue Jan 29, 2013
Archie & Robin Knight Team answered:
The inventory is so low on good conditioned and priced right homes that they just do not last. This could be one reason why the market looks as if it is recoverying different compared to other areas. ... more
0 votes 2 answers Share Flag
Sat Feb 2, 2013
Miguel Ojeda Jr. answered:
Hello Mike,

Everybody's opinion of "reasonable" is different. You have to be more specific on these forums so we can best help you.

Also, sounds like your missing a REALTOR on your team. A good Realtor can be a great asset in your search for a new home. Interview a few Realtors to find a good match of someone you can trust to work with you to find a home.

My name is Miguel and I am available by appointment to meet and discuss the process and share home prices in the zip codes you are searching.

Best wishes,

MIguel Ojeda Jr.
904-576-3074
miguel@propertyinjax.com
... more
0 votes 8 answers Share Flag
Wed Nov 27, 2013
Danielle Sharp answered:
Any lender will use the most recent tax bill for escrow purposes. On new construction is that smart? No. There is probably a document or two in your loan papers that discusses taxes; might be worth looking through them to see if anything exists. ... more
0 votes 4 answers Share Flag
Sat Jan 26, 2013
michele richey-martin answered:
Hi Joseph,

Sisler Johnson in Jacksonville, FL has won many awards and her work has been shown in a few high end design magazines 904-288-0908.
0 votes 2 answers Share Flag
Mon Feb 22, 2016
Kathie & Neil McGuinness answered:
Please visit ListToSell.com. There are good descriptions of Jacksonville's neighborhoods, plus, you can find price points in each. Good luck
0 votes 4 answers Share Flag
Wed Jan 30, 2013
Hickory & Donna Delegal answered:
There are fantastic opportunities for investors here in Jacksonville.Be SURE to work with real estate agents who have successfully owned /own investment property.There are KEYS to success in any business...you need to know and understand where to buy, what to improve, people to assist you with finance as well as repairs and/or improvements. Even if you are familiar with the area......remember.....this is a BUSINESS....you need a plan of action....you need to educate yourself by working with real estate agents who want you to succeed....not just someone who wants to sell you a "pig in a poke"! Contact Hickory (904) 463-5664 or donna (904) 732-7225 for expert, experienced assistance. Good luck!!! ... more
0 votes 3 answers Share Flag
Thu Jan 24, 2013
Lenee' Purdy answered:
Hello there, It really depends on what type of Financing you choose to do..
There is FHA which requires 3.5 % down payment of the sale price.
Conventional which could be several different ones there is a 5 % down payment to a 20% down payment.
Then there is VA which is a 0 down payment but has a 2.5 percent funding fee
Are USDA which is a 0 down payment the home must be in a USDA area and there is a 2% funding fee. Please contact me if you have any other question.. Good Luck Lenee'


904-505-5083
LeneePurdyRealtor@Yahoo.com
... more
0 votes 8 answers Share Flag
Sat Jan 26, 2013
Stephen McRory answered:
=
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==
... more
0 votes 5 answers Share Flag
Sun Jan 27, 2013
Shonda Campanaro,REALTOR® answered:
I would recommend you talk with a lender. They can give you tips on reaching your goals. If you would like assistance in the process give me a call and I will be more than happy to assist you.


Shonda Sauls, REALTOR®
Prudential Network Realty
Cell (904)962-6139
Office (904)260-4300 #327
Fax (904)292-2060
Email shondasauls@Gmail.com
Website http://www.shondasauls.com
... more
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