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Home Buying in Tarpon Springs : Real Estate Advice

  • All114
  • Local Info10
  • Home Buying36
  • Home Selling8
  • Market Conditions2

Activity 28
Mon Feb 25, 2013
Bill Eckler answered:
Hi Trish,

This is where the services of an experienced local real estate professional is important. Your offer should be a reflection of the current local real estate activity, being based on recent market activity of similar homes.

It should also take into consideration the condition of the property and what, if anything, needs to be done to make the home inhabitable. This doesn't mean to your highest standards but clean, acceptable, and liveable.

Sometimes the best short sales are those with "bank approved" prices. This simply means the lender and seller are far enough along in the process that the bank has clearity in what a reasonable price expectation would be. This can streamline the buying process greatly.

Hope this information is helpful.

Bill

billeckler@michaelsaunders.com
941-408-5363
GRI, Five Star, Top Producer
... more
0 votes 4 answers Share Flag
Mon May 13, 2013
Odette Godin answered:
You can always offer less, but what is more important is the market value. Ask your Realtor what the market value is for that home. Many times bank owned properties are listed below market value and usually sell higher than list price with multiple offers. If the property has been on the market for a while, it is possible you could get it for less. Like all sellers, they have a bottom line. ... more
0 votes 6 answers Share Flag
Tue Jan 29, 2013
Moe Mcintyre/CharlesRutenbergRealty,Inc/agent answered:
It is excelent..I (personally) have a 2/2 condo in Tarpon Springs that I have kept rented for 7 yrs. There is a tremendous demand for rentals due to the tighter restrictions on mortgages/financing. ... more
0 votes 2 answers Share Flag
Sat Jan 12, 2013
Pamela Cohn answered:
Ronnie,

I only work in sales but have a property management team I refer my investor customers to when they are renting out properties. They also help us when we have narrowed it down to a few properties, as to which they think will rent the best. Single family homes 3/2/2 or 4/2/2 are the most in demand. A ball park estimate would be .85 to 1.00 per sq. ft., if it has a pool and depending on updates and amenities.

As for taxes two things are affecting the differences. The first is the assessed value of the property. Not all homes or neighborhoods are priced the same. Like cars....why is a Lexus more than a Taurus?

The other factor is "Homestead". In Florida you can "homestead" your primary living residence. You must live here more than 6 months a year. To "homestead" you must be living in the home Jan. 1st of the current year and register by Feb. 28th. Once you have filed you have two tax advantages. The first is a $50,000 credit against the assessed value which can save you between $700-800 per year. The second, is there is a cap of 3% or the cost of living, whichever is less, on how much the assessed value can go up. This cap stays until the home is sold and re-assessed. This is the reason why some houses next to each other can have a big difference in taxes, if one has been homesteaded for several years.

I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.

Sincerely,

Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
pcohn@prutropical.com
727-204-7155
... more
0 votes 2 answers Share Flag
Sat Dec 29, 2012
Scott Godzyk answered:
You need to check the recorded deed and see whose name it is in. You can the check for foreclsoure filings at your registry. There are many scams and when it sounds too good to be true ,it usually is. ... more
0 votes 4 answers Share Flag
Sun Nov 25, 2012
Don Tepper answered:
Because schools, road maintenance, and other services are so expensive.
0 votes 7 answers Share Flag
Thu Mar 27, 2014
Jewel Defiores answered:
Dear Lorrie,
Your request is often heard but rarely accomplished. I suggest you put together a bio on yourself and also tell the potential owner what kind of terms you had in mind....would there be a balloon payment? What interest rate are you able to handle? Explain why you need owner financing.
I'll keep you in mind if anything pops up.
Feel free to contact me jeweldefiores@stagedhomesell.com
... more
0 votes 1 answer Share Flag
Sat Nov 10, 2012
Ron Nedd answered:
What kind of water view are you looking for? Pond, Lake Tarpon, Gulf of Mexico?

Sincerely,
Ron Nedd
Charles Rutenberg Realty
Certified Distressed Property Expert
Accredited Buyer's Representative
727-687-1160
http://clearwaterbeachcondosforsale.com
http://searchclearwaterhomes.com
http://TampaShortSaleAgent.com
... more
0 votes 9 answers Share Flag
Sat Nov 10, 2012
Julie Hanigan - Sun Coast Group Realtors answered:
Marina -

Call me. I can supply you with a list electronically that is updated daily.

Julie

SunCoast Group Realtors
727-938-9900
Julie@sgrealtors.com
0 votes 8 answers Share Flag
Sat Nov 10, 2012
Pamela Cohn answered:
HI Bergo72,

Rentals are good. 3 bedroom usually rent better than 2, since it opens you to a larger audience. Generally speaking a good estimate is 85 cents to 1.00 per sq. ft depending on the amenities in the community, if there is a private or community pool, etc. You need to decide if you are doing long term rentals, in which case the home would be empty of furniture or seasonal where you would need to furnish and supply it. If it's seasonal then peak season is obviously higher. I only work in sales but would be happy to give you the name and number for the property managers in our office.

Since you live in the Tampa Bay area, I also have a free automated service called CITY (Curbside Info to You) available 24/7. I issue you a number you can call on ANY Real Estate For Sale sign and a computer reads the MLS information to you from the street address for all ACTIVE MLS listings. If this would be helpful let me know. I just need your cell phone and an email to register it. Once it is registered you won't get annoying follow up calls. If you want to talk to me there is a prompt or you can call me on my cell. If you want to put it on multiple phones, I can put up to three numbers on one user name. Just send the numbers you want added. I will email you the number you call in on and get the information. Put it in your favorites for quick access when you are driving around. I use it all the time.

I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.

Sincerely,

Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
pcohn@prutropical.com
727-204-7155
... more
0 votes 6 answers Share Flag
Sat Feb 19, 2011
Rod Doorlag answered:
Tarpon and the surrounding areas are just beautiful. As other areas, there is plenty to do and beautiful sunsets to enjoy. Take a look at my site if you would like. I have a large number of listings to share with you.
Welcome to the searching adventure. Sit back and enjoy the show!! http://www.rdoorlag.prudentialtropical.com/
... more
0 votes 3 answers Share Flag
Wed Jun 6, 2012
Alma Kee answered:
Dear Tami,

This Bank-Owned property is showing "pending sale" with an expected closing date of October 25th. It was pending sale and then came back on the market on Sept 15th. Did you make an offer on it?

I haven't seen the house but on paper this looks like a spectacular bargain. It does note that they were only considering "ALL CASH" buyers so there are very likely some "condition" issues that may not allow it to get financing. There is an FHA 203K and 203KS mortgage that allows a buyer to include repair costs in the mortgage and the repairs are done "after" closing but in Tampa the FHA maximum loan amount is $292,5t00 and it normally takes about 60 days to close. This house is above the FHA limit so perhaps that is why they were requiring an ALL CASH buyer.

You're welcome to sign up for a listingbook account on my website and you can get instant notification of properites just like this. It's especially important to get notified when a property comes "back on the market", too so you do not miss out on opportunities like this one.

All my best,
Alma
Alma Rose Kee
Future Home Realty
813.244.9898
www.SoldOnTampa.com
... more
0 votes 3 answers Share Flag
Tue Jul 27, 2010
Jane Grant answered:
Here's a website to the Tax Assessors office: http://www.taxcollect.com/Content.aspx?ContentID=452
to help you out until you get an agent from the area to answer specific questions. ... more
0 votes 3 answers Share Flag
Thu May 20, 2010
Alma Kee answered:
Hi Joanne,

You didn't include the address so you will need to repost with the address or link to the property.

All the best,
Alma
0 votes 1 answer Share Flag
Thu May 20, 2010
Anna M Brocco answered:
You may wish to ask your question again and attach a link or give an address so that your question may be answered accordingly--in the meantime any local agent can help you, contact any realty office(s) and inquire or contact any local Trulia contributor(s) directly and ask. ... more
0 votes 1 answer Share Flag
Mon Aug 2, 2010
Mark LeMenager answered:
I'm not a local, but I have family in Tarpon Springs and have been visiting the place for 15 years. We always have a great time there.
0 votes 11 answers Share Flag
Thu Jan 28, 2010
Aileen Kane answered:
Hi Garry, since purchasing a home is such a huge investment, financially and emotionally, it is a very good idea to start to meet and interview agents prior to that investment. I have worked with clients for a year prior to their purchasing a home. It is important that you have the right fit. One thing to consider would be looking to work with an Exclusive Buyers Agent. An EBA does not work with seller,s nor work for an office that works with sellers so they can provide complete loyalty to you! Also spending time getting to know the neighborhoods is an excellent idea prior to purchase, so starting early, a good idea! Please feel free to contact me if you have any questions about the Tarpon Springs, Palm Harbor area. I have worked those areas for over 5 years and know the neighborhoods well.
Aileen Kane
Broker/Owner
Exclusively Buyers Realty
1-866-200-5836
... more
0 votes 11 answers Share Flag
Mon Aug 10, 2009
Pamela Cohn answered:
Roger,

A Buyer's agent is working with Buyers and a Listing agent is the agent is Marketing the property for the Seller. Listing agents market to every other agent out there and to Buyers. An exclusive Buyers agent is only working with Buyers.

Sometimes newer agents start working as a Buyers agent for another agent or as part of a team. Some agents just prefer working with buyers only. Most full time professional agents list property also. Think of it like a business. You need to have merchandise to sell it. The balance is having enough inventory to draw buyers, but not so much that you can't give them all the marketing attention they need.

Sometimes a Buyers agent is a "Single Agent" vs. a "Transaction agent" representing the Buyer. In Florida, unless Single agency is declared, all agents are assumed to be "Transaction agents".

A listing agent will usually not be a "Single agent", because it prohibits any other agent working in the same brokerage company from showing the property, unless they had a "No Brokerage" relationship with the Buyer. As a "Transaction Agent" we can work with either party.

Why don't all Buyer's want a "Single Agent" vs. a "Transaction Agent"? There are certain responsibilites and liabilities that go with each. The one liability which most Buyer's don't like in a "Single Agency" is that they could be liable for their agent's actions. It is a good sales pitch for Buyer's agent's, but often the agent doesn't realize the liabilities it carries. That is why in Florida, unless otherwise stated, all agents are "Transaction Agents" and must treat both sides honestly and ethically.

If you would like to know more about :
Single Agency
Transaction Agency
No Brokerage Relationship

Email or call me.

Pam Cohn
Broker Associate CDM, GRI
Prudential Tropical Realty
pcohn@prutropical.com
727-204-7155
... more
0 votes 7 answers Share Flag
Fri Aug 7, 2009
David Chamberlain answered:
Also is the credit looked at combined or they will consider my credit first?

Qualification? primary borrower

Rate is based on lower borrower

2nd? for the loan process I have the option of paying off all of my debt before the relocation. Would it be better to eliminate all debt or will this reflect negatively on the credit report? Depends on the debt

3rd ? I read something about FL offering a downpayment assistance program for buyers who have not owned a house within the past 3 years. Any Idea where I can get info on this? We have a couple of programs but it depends on the area

4th ? Are most homes up to code with hurricane standards or do these codes depend on they year the house was built? If so what years encompass the best standards?

Built before 1959 and after 1994 is better, but codes change so the might not be up to todays standards, make sure you get what we call a deal killer inspector, I have one if you need him.He takes about a half a day to inspect the home.
... more
0 votes 5 answers Share Flag
Sat Mar 1, 2014
David Chamberlain answered:
For Va loans you do not need a down payment.

For USDA loans you do not need a down payment but you would have to pick a rural are in florida, pinellas is not rural.

For FHA you need 3.5% down payment.

More info on my blog: http://www.trulia.com/blog/david_chamberlain/2009/08/what_financing_options_a
... more
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