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Did you know...
that Donald Trump is buying up as much real estate as he can right now? He is a very smart businessman, wouldn't you say? What he knows that other people don't know is that this is the best time in history to buy. Prices are at an all-time low and so are interest rates. It doesn't get any better than this! BUY LOW, SELL HIGH. Learn from the best. If you're excited about this, then call me or email and let's get you an awesome deal.FREE COACHING AVAILABLE.
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Why is NOW the best time to buy a home?
• It’s a buyer’s market. Price declines over the past year have made this the best time to buy.
• The inventory of homes for sale gives buyers incredible selection. The number of homes for sale is greater than it has been in 15 years.*
• Real estate continues to be a great financial investment. The average return on a five percent down payment over 10 years is usually three to five times greater than stock market returns.*
• The current favorable market conditions won’t last long. Research shows that prices are beginning to stabilize and price declines are over.*
• Mortgage rates are near all-time lows. Capturing these low rates now means your monthly payments are lower and much more affordable.*
• Recent voter approval of Amendment 1 allows Florida homeowners to transfer their “Save Our Homes” tax benefit from their old home to a newly purchased home. Upsizing or downsizing, this is the best time to buy.
*Information courtesy of the National Association of REALTORS®.
WHAT IS A FORECLOSURE?
A foreclosure is a property that the lender or other third party has taken possession of for one reason or another. Usually for non-payment. the lender now owns the property and, depending on the lender, is in a hurry to sell it.
WHAT IS A SHORT SALE?
A short sale is when a home is sold for less than the seller owes on the mortgage, whether they bought it too high, or refinanced it too high, or lost their job, had to move out of the area, when it sells the payoff to the lender is short, thus the name short sale. A pre-froclosure can be a short sale, though not all short sales are in default yet. A preforclosure means the borrower has stopped making payments and the lender is in the process of taking the home back. The lender would rather have us sell it. If we can sell it before the lender takes possession everyone wins, even the lender because it is very expensive for the lender to own the property.
CAN WE NEGOTIATE A FORECLOSURE OR SHORT SALE PRICE?
YES. You can.
WHY IS IT BETTER TO BUY A SHORT SALE BEFORE IT BECOMES A FORECLOSURE?
It is so much better to buy a short sale because:
1)you are going to buy a property in good shape, at below appraised value before it goes into foreclosure.
2)you are helping the economy. A Foreclosure has a very negative impact on the economy in many ways.
3)it helps the looks of our neighborhoods, because foreclosures are usually unkept, and in disrepair.
4)Short sale properties are usually in very good condition. Once it becomes foreclosure, the vandals move in and destroy the property.
5)you are helping a family sell their home who is much in need of your help. In most cases it is a real hardship that has forced the sale. Good karma will come from it.
6)you don't have to make the costly repairs needed to get a foreclosure back into shape.
So as you can see Short Sales are a great value.
WHAT IS A REO?
REO stands for Real Estate Owned and it means the lender owns the property. It's another name for foreclosure. The lender will list it with a broker. The lender must keep very expensive insurance on the property, utilities, pay the taxes, pay HOA fees, and keep the lawn mowed etc. Vandalism is a problem with these properties. They are usually in very poor condition. The lender usually doesn't want to pay a lot of closing costs that are ususally paid by the seller, and they dont want to help the buyer with any closing costs. But this can be negotiated in sometimes.
CAN WE NEGOTIATE ON REO's?
YES. Lenders don't like to own property... especially damaged property. Make an offer.
ARE THERE GOOD DEALS ON NEW HOMES?
Land o' Lakes & Wesley Chapel builders are giving Huge discounts on new homes in their inventory. These are spec homes with popular upgrades, and homes where the buyers were not able to close when the time came. The good news is you can make out quite well on these new homes. There are all kinds of incentives. Call me today for more.
WHY PASCO COUNTY & WHY LAND O' LAKES - WESLEY CHAPEL AREA?
Top 3 reasons:
1 - Lower taxes, and lower car insurance!
2 - With the coming of the huge Cypress Creek Mall and Business Center, there will be a great deal of new employment coming to this area.
3 - All the main north & south highways into Tampa come through some part of Land o' Lakes & Wesley Chapel. Easy access to work in Tampa. It is said you can get just about anywhere in Tampa from Land o' Lakes, or Wesley Chapel in about 30-40 minutes.
IS IT BETTER TO HAVE A REALTOR WHEN BUYING A NEW HOME?
The right one, YES! One who is experienced dealing with the builders. Have you ever dealt with the builders before? Do you know they may 1099 you for incentives they "give" you? That means you will pay Fedreral Income Taxes on them next year. Did you know that? Oh, you will sign a paper in the stack that says you know that, but they won't tell you. Do you know you pay about twice as much closing cost on new construction? And there is more. I can coach you through it all. My best advice is to READ EVERYTHING YOU SIGN.
WILL IT COST ME MORE TO HAVE A REALTOR ON MY SIDE?
NO! The Builder doesn't charge you extra. Actually, money is in the price of your home...in the marketing account...that is set to pay the REALTORS. It cannot be negotiated out, so YOU PAY FOR A REALTOR ANYWAY!!! Whether you use one or not. Shouldn't you get what you pay for? What do they do with the money that is left from people not bringing their REALTORS? They give us, the REALTORS, a big party at the end of the year. So YOU PAY FOR A REALTOR ANYWAY...BRING ONE WITH YOU.
CAN WE NEGOTIATE WITH THE BUILDER?
Some builders are negotiable, some aren’t. Some you should be very CAUTIOUS of. All of them will treat you better if you ARE working with a Realtor.... because they have to. #1 We know when they are up to something ;-) and #2 We bring them a lot of buyers, they want our clients to be happy. The nice people at the model center work for the builder, even though they seem to be on your side, they are not! You should be CAUTIOUS!!! They don't tell you everything. READ EVERYTHING YOU SIGN.
DOES EXPERIENCE SAVE ME MONEY?
YES! Don't you need someone on your side ... WHO HAS DONE THIS BEFORE? Never buy a new home without a GOOD Buyers Agent! It can cost you a lot of money.
BUILDERS & YOUR DEPOSIT
Did you know, if you have lost your deposit to a builder, you may be able to get it back. ILSA is a Federal Statute that was enacted in the late 1960's. Were you offered a Property Report by the Builder/Developer? If not, you should talk to a lawyer about getting that deposit back along with interest, court costs and attorney fees. Saving you money whenever I can.
WHERE DO I FIND BUILDERS IN MY PRICE RANGE?
Call me... I can help you find all the builders in your price range in your Land o' Lakes, Wesley Chapel area. I can help you make a good investment. Isn't that what you want?
BUT I HAVE TO SELL MY HOME FIRST?
If you are selling a home to buy a new home, I can help you coordinate that, so you are NOT homeless, or stuck with 2 homes in the process.
*** DID YOU KNOW? ***
It may cost you more to close on a Friday, Monday, or just before or after a holiday? For a period of one to five business day or more while the funds are in transit, you may pay interest on the old mortgage and/or the new one... this is also true with a refinance. Don't you think you should minimize the damage by settling in the middle of the week?
*** HAVE YOUR ATTORNEY LOOK OVER ALL YOUR PAPERWORK AND EXPLAIN TO YOU WHAT YOU ARE SIGNING BEFORE YOU SIGN ***
Don't have an attorney? Well....Saving you money once again... I have found the most affordable way to have not one but a team of attorneys at your disposal everyday to review your documents, and make suggestions to protect you and to help you be at the top of your game. If you know how to do it, it only costs pennies a day.... Just ask me about that.
***CHANGE YOUR ADDRESS ON LINE ***
www.usps.gov
*** DO YOU WANT TO KNOW 10 WAYS TO SAVE ON YOUR INSURANCE BILL? ***
From Alex Sink our Florida Cheif Financial Officer in charge of the whole budget for the state of Florida.
1) Increase your deductable
2) Actual cost rather than replacement coverage on contents
3) Avoid being over-insured
4) Drop coverage for fences, gazebos, garden sheds
5) Maximize hurricane mitigation credits: hip roof, strap & clips, windstorm shutters, shatter proof windows
6) Burgler & Fire alarm discounts
7) Homes under 10 years old may qualify for 20% discount
8) Be wind-coverage claim free for 2 years can save 5%, nine years saves 20%
9) Group your home auto, boat, policies with the same insurer.
10)Apply for the state's new free inspection program at windcertification.com HURRICANE READY or call 1-800-342-2762. You may be eligible for grants to strengthen your home against future storms.
There are so many ways you can lose your hard earned money and not even know it. Don't you think you should let me help you keep as much as you can?
God bless,
Dee Smith
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