New Port Richey, FL Real Estate News

By Loretta Buckner, Your GREEN Real Estate Consultant For Life!
(Real World Properties, Inc.| Your Real Estate Consultant for Life)
PUBLIC NOTICEHundreds of foreclosure homes are available in Pasco and Pinellas Counties right now, for under $90,000!This is the fourth in a series, where I will spotlight as I preview homes in specific areas, highlighting those I feel have the greatest value. This is your Foreclosure 101 Spotlight: Pasco County--check back for weekly updates! Not for the faint of heart or skinny wallet--this one's a full rehab, possible tear-down--no beginner's for this one! It needs everything, and I do mean everything! For more information on foreclosures, short sales, and rehab properties in Pasco and Pinellas Counties:
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 2-1 Buydown MortgageThis mortgage is a 30 year fixed product.  It is not an adjustable rate mortgage.  This type of mortgage gives the potential borrower the means to have the first two years of their mortgage at a reduced payment.  Think of it as a subsidy for the borrower that is placed into an escrow account with the lender.The subsidy would work like this:The buyers have been approved for a mortgage at $150,000 with an interest rate at 6.5%. Their principal and interest payment on this mortgage would be $948.10 a month.  Let's assume that any one of these scenarios involves the potential buyers.  They are expecting a baby and are concerned about the loss of income.  They are wanting to upsize but are afraid of the increased payments or what the escrows may adjust to.  And finally t...
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By Marie Wright
(Florida Energy and Air Services)
What is a 2-1 Buydown Mortgage?This mortgage is a 30 year fixed product.  It is not an adjustable rate mortgage.  This type of mortgage gives the potential borrower the means to have the first two years of their mortgage at a reduced payment.  Think of it as a subsidy for the borrower that is placed into an escrow account with the lender.The subsidy would work like this:The buyers have been approved for a mortgage at $150,000 with an interest rate at 6.5%. Their principal and interest payment on this mortgage would be $948.10 a month.  Let's assume that any one of these scenarios involves the potential buyers.  They are expecting a baby and are concerned about the loss of income.  They are wanting to upsize but are afraid of the increased payments or what the escrows may adjust to.  And...
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By Bill Baptista
Many markets are seeing a rise in delinquencies and foreclosures. If you've missed payments on your mortgage or are worried about future payments, it's easy to feel like you're all on your own. With your house on the line, you may be tempted to hide and merely hope for the best. However, if you face problems quickly and directly you're much more likely to avoid foreclosure.It's important to remember that foreclosure is also an undesirable endgame for lenders. Many mortgage companies would rather attempt to work with a delinquent borrower before resorting to the expense and hassle of foreclosure.Identify the Timeframe of Your Financial Issues Generally speaking, mortgage service companies provide one set of solutions for borrowers who have short term troubles and another set for those wh...
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By Marie Wright
(Florida Energy and Air Services)
 If you are currently in an adjustable rate mortgage that is going to adjust in the next 16 months then you may be a candidate for loan modification.  Loan modification is being used increasingly by lenders to help people stay in their homes.  Believe it or not lenders do not want to take your home from you.  There are whole areas of the country blighted by the foreclosures happening in their neighborhoods affecting values and the ability of people to relocate, upgrade or downsize their home.   Loan modification accomplishes several things for the homeowner and the lender at the same time.   For the homeowner the cost of refinancing no longer is in the picture, which saves from adding to the balance of the mortgage.  The homeowner doesn't have to worry about qualifying in today's toughe...
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By Loretta Buckner, Your GREEN Real Estate Consultant For Life!
(Real World Properties, Inc.| Your Real Estate Consultant for Life)
Wow, never thought I'd see the day, but:Drumroll, please!  (I'm so excited!  I did this--ME...I don't think I've had such a charge since the first day of kindergarten!!)Please come on a sailing tour of Gulf Harbors and Floramar - a lovely deep-water community in Pasco County, Florida--just a short drive from Tampa or St. Petersburg, and right on the Gulf of Mexico.(I do apologize for the techno--it was all i had on the computer when I made this...)When you're ready to make a move to the Suncoast, please  
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By Bill Baptista
Subject: Real estate: Information resource & servicesIf you're interested in either buying or selling a home in Florida, I'm sure you'll find my website to be an excellent resource. My goal is to help our clients find the right situation in what is usually one of the most significant financial moves of their life. With that in mind, the website brings you the access and expertise of a real estate professional to your fingertips.The Property Search feature allows you to filter thousands of listings based on attributes that you select. You can simply search for houses in a certain area and price range, or you can look for houses that fit your specific style. If you know you want a brick house with gas heat and a garage, you can get the results you're looking for. Most real estate websites...
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Comparative Market Analysis Subject: Determining the Market Value of a HomeYou've decided to sell your home, so what is next? Pricing your home is obviously a key part of the home selling process. A home that is under-priced needlessly costs the client potential return. An over-priced home can remain on the market for an extended amount of time, forcing the seller to either wait out a long listing period or have to adjust down the asking price. Getting the pricing right from the start avoids these potential pitfalls.To get us started I will prepare for you what is called a Comparative Market Analysis (CMA) of your house. This compares your home to others in the area that are either currently listed, under contract, or have recently sold. Other things that can factor into the CMA are sup...
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By Bill Baptista
Subject: Moving to a new community?It's not easy moving to a new community. There are unfamiliar neighborhoods to learn, perhaps schools to consider, and the potential headaches of the actual move itself. You need the assistance of someone who truly knows and understands the community. That's why you want the right real estate professional to be there for you, every step of the way.I've helped many individuals and families from all over the country with their relocation to our community, and I can provide the same thoughtful, reliable service to you. The most important thing is to make sure you find a home that you love in an area that fits your needs.If you'd like, I can start by sending you some basic community and school information for you to look over. Let me know specifically what...
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By Steven Zimmerman, Husband & Father, @Gulf_Harbors Resident Realtor
(Belloise Realty Tropical )
Steven Zimmerman; Realtor®, ABR® (Accredited Buyers Representative), GRI® (Graduate Realtors Institute), e.Certified®. Steven began his Real Estate career shortly after moving from the Palisades of New Jersey to Florida's East coast Waterfront in 1984. While working in conjunction with two of South Florida's largest Developers, Steven observed an exclusive and in-depth education of both New Project Development and the Re-Sale market. Steven learnt early on the desirability, exclusivity and inherent value of Deep Waterfront Property. Relocating to Florida's Gulf Coast in 2000, with his Wife (who he met on Hollywood Beach in 1984) and young Son (then 2+ years old), Steven accepted a position with Prudential Best Realty, Inc, the Exclusive Representative for Gulf Landings Development Corp....
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By Marie Wright
(Florida Energy and Air Services)
In today's market there are plenty of people that have their homes currently listed on the MLS.  They can be first time homebuyers looking to move up, people looking to relocate and investors looking to move their inventory.  At some point they may decide to take their home off MLS to refinance to a lower rate, pull out cash or due debt consolidation.There are a few things that these clients and Realtors can do to help the situation if they ultimately decide to take the property off MLS and refinance.First it is important they consult with a mortgage broker or loan officer prior to coming off MLS so that their expectations are realistic and they understand the ramifications of what they are looking to accomplish with the refinance.They must be made aware that the lenders that are availa...
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By Marie Wright
(Florida Energy and Air Services)
I became a Mortgage Broker  5 years ago, and one of the myriad things I learned about was discount points.  I asked many questions on many different topics but the one item I always came back to were the Discount Points.  What are they?  Do you know?  If you are a Realtor have you seen them on a clients HUD? Have you seen them on your own HUD?  If you are a mortgage broker have you used them with your clients?  If so, why?Ok, first of all let's define discount points - Discount points are meant to buy the rate down on a mortgage, they are paid at closing.  For years this was not the actual case though, they were just another way for mortgage brokers, loan officers and lenders to hide additional fees that they were making on that particular loan.  A few years ago State Governments starte...
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By Bill Baptista
Buying a HomeBuying a home is probably the biggest investment you will make, with long-term financial ramifications. It calls for many informed decisions and for good advice from a real estate professional. When buying a home, you can learn from the knowledge and skill of a Real Estate Agent.What can a Real Estate Agent do to help you buy the right home for you?They will help you determine how much home you can actually afford. Often, they can suggest additional ways to accrue the down payment and explain alternative financing methods. They can also introduce you to a mortgage counselor and arrange to have you "pre-approved" which can improve your negotiating position and enable you to achieve your home-buying objectives faster and with less stress. Providing client level services, the...
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Subject: Free advanced search tools for home buyers                                                                                                      If you are currently in the market for a home, you will find my website an excellent resource. The site is continually updated with new and valuable information to aid in your decision making process.The search feature allows you to filter thousands of listings based on attributes that you select. You can simply search for houses in a certain area and price range, or you can look for houses that fit your specific style. If you know you want a brick house with gas heat and a garage, you can get the results you're looking for. Most real estate websites don't offer that degree of choice.By signing up with the Property Research Center, whic...
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 Subject: Get your home ready for the market placeOften the first step in selling your home is making sure it's ready for the market in the first place. Some sellers rush a home onto the market without properly preparing it for the public. By considering early on improvements that you may need to make, you can save yourself future headaches.The amount and kind of work that you should do depends largely on the price you intend to ask, the time you have to sell, and the current condition of the house. If your house is in good condition and you're pressed for time, do the small things that can make a big cosmetic difference. New paint, re-grouted tile in the bathroom and kitchen, new carpet in the major traffic areas-these are the kinds of things that can be relatively inexpensive for you ...
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Sellers-Using the Internet to sell your home Subject: Using the Internet to sell your homeIn today's real estate market, a good selling plan can truly excel when properly combined with current Internet technology. Modern homebuyers expect on-demand home shopping, and meeting that expectation is a crucial element of marketing a home. My website allows homebuyers to search and sort through thousands of listings to find the home that is right for them. As your seller's agent, I can ensure that your home is listed 24 hours a day, 7 days a week.Every day countless homebuyers use the resources of the Internet to help narrow their home search. Listing your home with me allows interested buyers to find your property based on the features that are most important to them. My website serves as a g...
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By Marie Wright
(Florida Energy and Air Services)
Purchasing a Home Your CostsThere are many steps in the purchase of your new home.  Below is an outline of what you should expect after your offer has been accepted by the Seller.Once you have made an offer and it has been accepted you will be asked by your Realtor to place the required good faith deposit amount into an escrow account.  It is important that the check comes from an account with your name on it.  It is also important that the funds are yours and not coming from a credit card,  credit card check or gift.  Next the Home Inspection will be ordered by your Realtor within the time frame allotted for in the purchase contract.  The cost of the home inspector can range between  $150 to $400.  It is your choice who you use.Once a satisfactory home inspection has been completed an ...
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Selecting a Real Estate Agent (Preview)Subject: Considerations for selecting a real estate agentIf you're considering buying or selling a home, selecting a real estate agent is the first important decision you will have to make. While there are many qualified real estate agents out there, it's important to decide on a professional who will understand your needs and individual preferences, someone who you can respect and trust. Nearly four out of five homebuyers and sellers enlist in the help of a real estate professional or broker. Whether you're looking to buy a new home or sell the one you're in, choosing a professional who best fits your needs is vital. Here are some questions to consider when choosing an agent:How long have they been a real estate professional?Do they work full or p...
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By Bill Baptista
Tips for First Time Buyers (Preview)Subject: Tips for First Time BuyersDear First Time Buyer,If you are currently in the market for your first home, you probably have lots of questions. You are about to be making an important decision for your future, a great investment of both money and time. I have a wealth of experience helping first time buyers like you make sound, informed decisions. Here are some tips that can help make your home buying process successful:Tip #1: Do Your HomeworkThe perfect home won't find you by itself. The key step in buying a home is doing the proper research. Educate yourself on local schools, neighborhoods, and the kinds of homes available. By reading available materials and talking with experts, you can start to put together your idea of the perfect home. Ti...
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By Bill Baptista
Relocation-8 tips (Preview)Subject: How to make your relocation smoothIf you're in the early stages of relocating to a new community you probably have many questions. It can be hard to know where to begin. That's why I've compiled a short list of tips that can help you remember key steps to a successful relocation.Tip#1: Start Early While time constraints are often beyond your control, it's critical to get the ball rolling as soon as you become aware of the future move. If you currently own a home, you should begin the selling process. If renting, you need to check with your landlord regarding the status of your lease and potential penalties you may incur by moving. And of course you will need to look for a home in your new city. If pressed for time it might be more appropriate to searc...
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