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Home Buying in New Port Richey : Real Estate Advice

  • All334
  • Local Info19
  • Home Buying99
  • Home Selling12
  • Market Conditions26

Activity 67
Thu Jun 17, 2010
John Bennett answered:
Wed Oct 13, 2010
Vicky Nann answered:
I suggest finding a local Realtor who will represent you as a buyer, and who will be willing to put in the time to contact listing agents to see if the homeowners would consider a contract for deed. Generally, the home would need to be paid in full (or close to it); many lenders would not want to take the added risk of another borrower on the property. If there IS a mortgage on the property, the lender will need to sign off on a c/d. Sometimes listing agents indicate in the MLS that a property is availabe with seller financing; your agent could narrow down the list by searching for relevant terms. ... more
0 votes 4 answers Share Flag
Fri Feb 12, 2010
Harold Sharpe answered:
Hi Pat,
It is my understanding, that you can apply for your tax credit of 10% of the purchase price.
It would be wise to ask you tax question to your CPA

Harold Sharpe
So Cal Homes Realty
(951) 821-8211

http://www.socalhomesrealestate.com
... more
0 votes 2 answers Share Flag
Sat Feb 6, 2010
Jeff and Julie Moran answered:
Closing costs will change depending on the lender you choose and the title and escrow company that are used for the transaction. The Seller will usually choose the title and escrow company so depending on who they choose, the costs will change. Costs will also change depending on your purchase price. If you're not pre-approved already that should be the first step, then you can ask your lender for a rough estimate. ... more
0 votes 8 answers Share Flag
Tue Jan 19, 2010
Stephanie asked:
old.We are writing letters of explaination to the underwriter .What are the odds to get it.Should I get a co-signer if the odds are that bad?We want to get in the tax credit by April so...
0 votes 0 Answers Share Flag
Thu Dec 17, 2009
Bill Szydlowski answered:
Marily,

The home is already under contract. A reasonable offer will depend on what other similar homes in the neighborhood have sold for in the past 90 days. Your realtor should be able to give you a CMA showing you the sales so that you can plan your purchase strategy. If the home is priced correctly, somewhere between 0-5% is a reasonable offer. You can always test the seller a little more to see what their response is and formulate a plan after that. Again, your realtor, not the listing agent, should be helping you with this.

Let me know if we can be of assistance in the purchase of your new home.

Bill Szydlowski
The Szydlowski Team
Future Home Realty, Inc.
813-323-4443
... more
0 votes 1 answer Share Flag
Fri Oct 5, 2012
Nadine Mauro answered:
Hi Tessy,

There are not usually any fees charged to the buyer. The buyer's agent gets paid when a successful sale occurs, and they get paid from the proceeds of the sale.


Good luck house hunting.

Nadine Mauro
Realty Hub, Inc
561-414-0864
NadineMauroRE@yahoo.com
... more
0 votes 9 answers Share Flag
Mon Nov 30, 2009
Richard LeBlanc answered:
Your deposit is due you immediately upon your request as long as you have delivered written notice within the five days immediately following the time period (90 days or what ever is filled in in the appropriate place on the addendum) specified on the Short Sale Addendum. ... more
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Mon Nov 30, 2009
Marty Kaiser answered:
Hi Tim,

You can certainly use it towards a real estate purchase providing you are planning to cash it in early and pay whatever penalties are applied or if you can take part of it out. If you are asking if you can pledge the future money you will have in 2/2001 towards your purchase, the answer is no.

Sincerely,


Marty Kaiser
... more
0 votes 3 answers Share Flag
Tue Nov 17, 2009
Darla Schroeder answered:
Hi Shirley: the following paragraphs were copied from www.fhainfo.com (online source of information about FHA appraisal requirements). In addition to regular FHA, there is a program called FHA Streamline that allows a buyer to borrow the "after repaired value" to include upgrades and repairs up to $35,000 as long as they can qualify for the loan amount. Good luck with the sale of your home!

"The FHA appraiser should examine the electrical box to ensure that there are no frayed or exposed wires. Electrical boxes may be either circuit breakers or fuses. Existing 60-amp service is acceptable if it appears that this is adequate amperage for the appliances present in the property, or those considered "standard" if the present appliances appear to be less than found in the "standard" home. Knob and tube wiring is acceptable if found to be in good condition and a minimum of 60-amps. For all electric homes and those with electric heat, 200-amps is recommended

In general, all habitable rooms must have a heat source. This does not mean that each room must contain a heating device but that each room must receive sufficient heat. In some situations where it is not feasible to extend the capacity of the main system, an electric and thermostatically controlled baseboard unit is acceptable provided it is permanently installed with concealed wiring.

Heating must be adequate for healthful and comfortable living conditions. This is defined as providing and maintaining a temperature of at least 50 degrees Fahrenheit in all living areas and areas containing plumbing systems. Further more, all permanent primary heating systems must be thermostatically controlled and properties with electric heat sources must have an acceptable electric service that meets the general requirements of the local municipal standards. "

Darla Schroeder, Realtor, GRI, e-PRO
Certified International Property Specialist Candidate
Transnational Referral Certification (TRC)
Century 21 Real Estate Champions
4350 Duhme Road
Madeira Beach, FL 33708
Cell (727) 541-3743
www.darlaschroeder.com

Search the MLS like I do at http://darlaschroeder.listingbook.com
... more
0 votes 0 Answers Share Flag
Mon Nov 2, 2009
George Sentementes answered:
Nobody knows, unless it is inspected, if the home was built between 2004-2007 there may be a chance that it exists, remove a swich cover from an elictrical outlet and check the wires, if they r discolord at the terminaks, also be on the look out for a rotten egg smell(sulfer).
I f you need a home inspector who is knowledgeable let me know, i can help you.
Good luck
... more
0 votes 1 answer Share Flag
Wed Sep 30, 2009
Alvaro Loureiro answered:
Jim,

Yes, you are qualified for the tax credit. In order to qualify for the tax credit you need to be a first time home buyer or haven't purchased a home within the past 3 years. As far as your income situation; as long as your debt towards your income are not higher than 45% we are good. Do not hesitate to contact me if you need a pre-approval or have any questions.

Sincerely,

Alvaro Loureiro
aloureiro@mmcloans.net
Manhattan Mortgage Corporation
Mortgage Specialist
407/617-0807 cell
813/470-4329 fax
... more
0 votes 5 answers Share Flag
Mon Aug 17, 2009
John Bennett answered:
Yes, having a 252,000 home next to a 110,000 is not good for the first home. In a perfect world homes of similar size, construction quality age would all be grouped together.

You need to adjust your offer, or at least take it under advisement.

Suggest you get appraisal done before offer, or at least provide for an appraisal below 252,000 coming in lower.

You need a good Realtor if you are not already with one.

John

I can help you find one

352-978-4539
... more
0 votes 7 answers Share Flag
Mon Aug 17, 2009
Bill Eckler answered:
Hi Cody,

Your question is a good one.............

There is a great website that provides accurate insurance information you may want to refer to. Simply enter your target location and it will provide you with rates from various local insurance providers.


www.shopandcomparerates.com

Good luck

The Eckler Team
... more
0 votes 2 answers Share Flag
Wed Oct 13, 2010
Bill Eckler answered:
Not at all....this is a common misunderstanding. Your taxes would be the same as a US citizen. The same rules of ownership would apply to you that apply to buyer from the US.

This misunderstanding is probably based on the older version of our Homestead Law that allowed the government to raise taxes annually any amount they chose. This has now changed and a ceiling for the amount taxes can increase annually has been implemented.

We have dealt with many satisfied Canadian buyers mainly from Toronto, Ottowa, London, and N.S. We would be happy to put you in contact with them to find out about their experience.

Cheers,
The Eckler Team
Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363
... more
0 votes 10 answers Share Flag
Thu Oct 22, 2009
Biff Smith answered:
Missadam;

Ballantrae and the other new communities nearby would be your perfect option. Located right at the intersection of the Veterans Expressway and SR 54, it boasts new homes (many selling at bargain prices), new schools, new shopping malls, and 10 tollway minutes from Springhill, 20 to the airport, and 20 to the coastal cities and ammenities.

Please let us know if we may be of further assistance.

John & Lisa Durkin
"The Topgun Team"
727-858-8247
... more
0 votes 2 answers Share Flag
Sat Jun 23, 2012
Bill Szydlowski answered:
Carl,

this is news to me. Many people live in one state and commute to another state for a job. I do not understand the realtors answers unless you are looking for down payment assistance. If not, go for it. Find a mortgage company first that will preapprove you. then start looking for the right realtor to help you find the right home.

Let us know if we can help in any way.

Bill Szydlowski
Future Home Realty
813-323-4443
... more
0 votes 3 answers Share Flag
Wed Jul 22, 2009
Chris Belloise answered:
Progress Energy provides the power.

The water company depends on where you live in New Port Richey.
Pasco Utilities supplies most of the service.
Aloha Utilites (recently purchased by Pasco) supplies some areas.
Lindrick Utilities supply most of Pasco's southwest waterfront areas.

If you can tell me what area of New Port Richey are you looking to purchase in I can tell you who supplies the utuilites for that community.

Thanks!

-Chris
Belloise Realty Tropical
(727) 858-8692
http://www.BelloiseTropical.com
... more
0 votes 1 answer Share Flag
Wed Jul 22, 2009
Bill Szydlowski answered:
Rose,

Plenty 55+ housing available. Let us know if we can help.

Bill Szydlowski
The Szydlowski Team
Future Home Realty
813-323-4443
0 votes 5 answers Share Flag
Tue Dec 9, 2008
Bill Szydlowski answered:
Kara,

Per discussions with a couple of mortgage brokers, you will need to show a lease and they will allow up to 75% of the rent as income to offset your current mortgage expenses. Your qualification for the new loan will add about 25% of your current mortgage expenses to your DTI ratio, so it may bring down your purchasing power a little bit. Please keep in mind that when you rent your current home and buy a new homestead, your first home will not be homesteaded and your taxes will go up. We would be happy to guide you thru this with the proper new house and a reputable mortgage broker.

Bill Szydlowki
The Szydlowski Team
Future Home Realty
813-323-4443
billszydlowski@msn.com
... more
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