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Cascades Home Reduced For Quick Sale! 411 NW Sunview Way, Port St Lucie, 34986

Offered at $219,900

411 NW Sunview Way, Port St. Lucie, Florida, 34986
CASCADES BEST DEAL!

2 Bedrooms & 2 Baths, Den/Office, 2 Car Garage, Lakeview

Cascades Home Reduced For Quick Sale! 411 NW Sunview Way, Port St Lucie, 34986
Contact us for a preview of this lovely home and community tour of Cascades at St. Lucie West (772) 224-1634 or (772) 224-9011

Gorgeous Ruby model light and open with spectacular waterview from the family room and large master bedroom. Professionally decorated with built-in spacious family room and den, neutral 18” diagonal ceramic tile in living areas

Nicely done gourmet kitchen with 42” cabinets, ceramic tile counters, large breakfast area inclusive with table, chairs and built-in angled for extra seating with cushions. This lovely home features 2 bedrooms, 2 baths with den or office, 2 full bathrooms, formal dining room with great view of the wide lake. A new gas heater installed in March 2011, natural gas range and interior heating, a Service America home warranty. Plenty of closet space, two car garage, screened lanai overlooking beautiful lake. This home is located in Cascades a 55+ resort lifestyle manned-gated community offering 24 hours service for privacy. The Cascades offers it’s own 9-hole golf course, 10 lighted Har-Tru Tennis Courts, a 26,000 sq.ft. Clubhouse, outdoor pool & spa, fitness center, sauna, multi-purpose ballroom, media room, library, available to enjoy year round and much more! The community is conveniently located, minutes away from theaters, houses of worship, great restaurants, movie theaters, post offices and hospitals.

Rent or Buy and experience the lifestyle you deserve. The Cascades at St Lucie West is a premier resort lifestyle active 55+ community featuring Mediterranean-style architecture and beautifully manicured grounds.

The Cascades offers it’s own 9-hole golf course, 10 lighted Har-Tru Tennis Courts, a 26,000 sq.ft. Clubhouse, outdoor pool & spa, fitness center, sauna, multi-purpose ballroom, media room, library, and card and billiards rooms available to enjoy year round, yoga classes, tai-chi classes, water aerobics, bridge class, bocce, scrabble, games, computer class, music & performing arts club, art and crafts, ballroom dancing, theater, travel clubs, mah jongg, Canasta, book club, poker club, weekly events and much more! Gated entry with 24-hour controlled access for privacy. St Lucie West is the location of the New York Mets spring training program. The community is conveniently located, minutes away from theaters, houses of worship, great restaurants, movie theaters, post offices and hospitals. Contact Bold Real Estate Group for a complimentary tour and let us welcome you to your dream home. Your best investment opportunity is at The Cascades! Short Sales, Foreclosures and Rentals available. Single family homes priced as low as $134,900

Having the right real estate agent means having an agent who is committed to helping you buy, sell or rent your home with the highest level of expertise in your local market. This commitment level has helped me build a remarkable track record of delivering results.

Nothing is more exciting to me than the gratifying feeling I get from helping people meet their real estate needs. You can count on me to always do what’s in your best interest. I pride myself on being honest, trustworthy, and knowledgeable in the real estate market. I know how important it is to find your dream home. Therefore I will make it my responsibility to help you achieve those goals.

Whether you are an experienced investor or a first time buyer, I can help you in finding the property of your dreams. Please feel free to browse my website or let me guide you every step of the way by calling or e-mailing me to set up an appointment today.

Concierge: Bold Real Estate Group will provide concierge services including set up of excursions and area information.

Dining and Shopping: Residents will find an enticing selection of restaurants in the area, ranging from light meals and fast food to gourmet dining. Nearby shopping venues include mainstream consumer retail outlets, shopping mall and specialty boutiques.

Health Care: Three nearby hospitals, Lawnwood Regional Medical Center, St. Lucie Medical Center and Martin Memorial Health Systems provide complete modern medical care including 24-hour emergency services. Martin Memorial’s St. Lucie West Walk-In Clinic is located in the St. Lucie West area.

About the Author: Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida. Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties. For more information please forward your request to communityinfo@comcast.net

Servicing: Port St. Lucie, Palm City, Jensen Beach, Stuart, Vero Beach, Hutchinson Island, Fort Pierce, Palm Beach, Jacksonville, Jacksonville Beach, Ponte Vedra Beach, Palm Coast, Neptune Beach, Amelia Island, Atlantic Beach, Fernandina Beach, Saint Johns, Saint Augustine, Daytona Beach, Fleming Island and New York real estate.

View thousands of listings www.Northeast-Florida-Relocation.com, www.BoldRealEstateGroup.com, www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com, www.TheCascadesAtStLucieWest.com, www.HealthcareRelocationServices.com

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Active Adult Community, Bedroom, Bold Real Estate Group, Cascade Range, Cascades Community St. Lucie West, Cascades Short Sale Homes, Cascades St. Lucie West, Clay court, Florida Real Estate, Garage (house), Mediterranean Revival architecture, New York Mets, port st. lucie florida, Real estate, Senior Living, st. lucie west

Golf Course Living at Cascades St. Lucie West

8 Sep

Golf Course Living at Cascades St. Lucie West. Wow! Imagine how great living on a Golf Course can be?

If you’re a lover of golf then waking up to walk to the course or simply strolling along watching others play can be pure heaven – or is it?

The Pro’s of Golf Course Homes

Well – Golf Course Homes are very nice because of the view, privacy and the open space behind your home. Looking out at a slowly undulating golf course fairway with trees and grass is very relaxing and stress relieving. It is like having a park outside your back door!

When your backyard opens out onto an even larger expanse of green grass that someone else takes care of – it can be fantastic! (even if you do not play golf!)

It means that you do not have any close backyard neighbors looking into your backyard or peering down from their windows into your personal, private space. Usually you only have neighbors on each side of your house or perhaps across one corner if you live near a green.

The closest neighbors in back are usually across the fairway. How far away they are will depend on how wide the fairways on that course or golf hole are.

If you like to play golf and belong to the course that you live on it is even better because you don’t have to drive to the course. Check the community regulations on whether you can have your own golf cart, or if you can just walk the course and pull or carry your bag. Figure out the total cost per month based on how many times a month you will be playing and the monthly fees and cart charges.

Many communities are very family oriented and most of the children that live there can start learning to play at a very young age, and can play after school!

But living on a golf course does have it’s disadvantages —

The Disadvantages of Golf Course Homes

Your house may be hit by golf balls! Yes, this does happen and depending on how narrow the fairways are and the placement of your house along the course it may happen really often. Home owners insurance may or may not pay for damage to your home from golf balls hitting it.

Windows can be broken, house siding can be hit & pitted, screen porches torn & furniture damaged.

Probably the most difficult thing to fix is the divots in the stucco siding of a home from golf balls hitting it. Many people discover numerous pock marks in their siding from the golf ball impacts. And they must be filled and painted before the home can be sold.

Noise from Golf Course Maintenance! Do not expect to sleep in on the weekends! The guys come around between 7AM & 8AM to cut the grass, groom the bunkers and change the pin locations. Sometimes they even come around before it is light out and the new equipment has headlights that can shine directly in your bedroom windows facing the back of the house and golf course.

Animals – having more nature in your backyard means more animals and creatures. Any golf course ponds naturally attract frogs, toads, birds, snakes, etc. These can be tremendously fun to watch, but you have to be wary of what may be in your yard and fences will not keep everything out. The animals in ponds can also be incredibly noisy at various times of the year.

Spraying – Golf Courses have to fertilize, and control weeds. The overspray can reach easily into your yard and impact your plants. Be careful what you plant along the back edge that adjoins the area maintained by the golf course. The weed killer that they spray can cause bushes to turn totally brown and lose their leaves.

The thought of Golf Course Living is a dream but in reality it could drive you up a wall if you’re not prepared for everything that comes with this luxury lifestyle.

About the Author: Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida. Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties. For more information please forward your request to communityinfo@comcast.net or visit www.TheCascadesAtStLucieWest.com

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Active Adult Community, Back garden, Bold Real Estate Group, Cascade Range, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades Short Sale Homes, Cascades St. Lucie West, Florida, Florida Real Estate, Golf, Golf ball, Golf course, Herbicide, House (TV series), New York Mets, port st. lucie florida, Real estate, Retirement Community, Senior Living, St. Lucie West Homes

Voting for HOA Board Members

29 Aug

Voting for HOA Board Members. Why do so many homeowners have issues with their home owner association and board members? Probably because you’re voting in the wrong people who don’t have a clue what your community needs.

Homeowner associations are designed to be representative democracies governed by a board of directors elected by the members. Electing directors to the board that can thoughtfully govern is extremely important. To accomplish this, elections must be carefully planned with the candidates thoroughly researched, not hatched at the last minute.

Here are important components of a successful election process:

Find Worthy Candidates. When seeking nominations, a job description should be prepared so potential candidates know what is expected of them. Some refuse to run because they fear the unknown or an open-ended commitment. The director job and term of office can easily be summarized in a paragraph as can the descriptions of officer jobs (president, treasurer and secretary). Take the time to make sure all potential candidates understand and commit to fulfilling the job description by informing them of expectations in advance.

Candidates are identified a number of ways:

1. By a Nominating Committee. The board can appoint a Nominating Committee which can identify, interview and recommend certain individuals for election. While the Nominating Committee’s recommendations are worth considering, any member in good standing is still entitled to run for office even if not recommended by the Committee.

2. Nominated by Self or Others. Any member may nominate themselves or be nominated by another member. It’s best to do this as soon as the nomination process begins, far in advance of the annual meeting, so the name and credentials can be known to all members. Since it is common for some members not to attend the meeting and to provide a proxy to someone that does, if a candidate is not known in advance, those not attending the meeting will not have the ability to support that candidate.

3. Nominated at the Annual Meeting. Nominations are usually accepted from the floor at the annual meeting. Unfortunately, this option fails to inform members who have not attended the meeting; it is often difficult to get elected when nominated from the floor unless there are not enough candidates to fill vacancies.

4. Write-in Candidate. Writing someone’s name on a ballot does not ensure that person is actually qualified for the job or interested in running unless the person was nominated from the floor.

Candidate Qualifications. Candidates should present their qualifications and platforms to the members in writing. This can be done door to door, by email, by letter, in the HOA newsletter, by the HOA website and at the annual meeting where the candidates can also answer questions posed by owners. Since some members may not be able to attend the meeting, circulating candidate qualifications before the meeting is very important.

It is definitely in the community’s best interest to identify candidates who have experience that will benefit the HOA such as:

•Having an organized president is essential. Seek those that are comfortable in that role. The president should also have experience in dealing with different personalities.

•Having a treasurer who regularly works with financial matters like a bookkeeper or CPA.

•Having a secretary who understands or can learn the art of minute taking.

•Having directors that are available and committed to attend all board meetings. This requirement cannot be understated. If board meetings fail to achieve a quorum or directors, official business cannot be done.

Good board members act to protect the interests of all members. Handle the candidate selection process carefully by seeking out the best candidates available. When it comes to board elections, rather than expect a train wreck, elect the right person for the job!

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Active Adult Community, Board of directors, Bold Real Estate Group, Business and Economy, Campaigns and Elections, Candidate, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades Short Sale Homes, Cascades St. Lucie West, Election, Home insurance, Nominating Committee, Politics, President, Real estate, Retirement Community, United States

Housing affordability hovers near record level

24 Aug

Housing affordability hovers near record level

August 22, 2011 – Aug. 22, 2011 – Nationwide housing affordability during the second quarter of 2011 hovered for the 10th consecutive quarter near its highest level in the more than 20 years, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).

According to the HOI, families earning the national median income of $64,200 could afford 72.6 percent of all new and existing homes sold in the second quarter. The affordability measure dipped slightly from the record high of 74.6 percent set in the first quarter, but it remained above the 70 percent threshold initially achieved in the first quarter of 2009.

“At a time when homeownership is within reach of more households than it has been for more than two decades, and interest rates are at historically low levels, the sluggish economy and the extremely tight credit conditions confronting homebuyers and builders remain significant obstacles to many potential home sales,” says Bob Nielsen, chairman of the National Association of Home Builders (NAHB). “That said, however, some housing markets across the country have stabilized and are beginning to show signs of a budding recovery.”

Youngstown-Warren-Boardman, Ohio-Pa., was the most affordable major housing market in the country during the second quarter of the year. In Youngstown, 93.7 percent of all homes sold were affordable to households earning the area’s median family income of $54,900.

Also ranking near the top of the most affordable major metro housing markets were Syracuse, N.Y.; Indianapolis-Carmel, Ind.; Dayton, Ohio; and Lakeland-Winter Haven, Fla.

Among smaller housing markets, the most affordable was Kokomo, Ind., where 95.8 percent of homes sold during the second quarter of 2011 were affordable to families earning a median income of $59,100. Other smaller housing markets ranking near the top of the index included Wheeling, W.Va.-Ohio; Lansing-East Lansing, Mich.; Bay City, Mich.; and Sandusky, Ohio.

New York-White Plains-Wayne, N.Y.-N.J., led the nation as the least affordable major housing market during the second quarter of 2011. In New York, 25.2 percent of all homes sold during the quarter were affordable to those earning the area’s median income of $67,400. It marks the 13th consecutive quarter that the New York metropolitan division has held this position.

Other major metro areas near the bottom of the affordability index included San Francisco-San Mateo-Redwood City, Calif.; Santa Ana-Anaheim-Irvine, Calif.; Los Angeles-Long Beach-Glendale, Calif.; and Honolulu, respectively.

Ocean City, N.J., where 40.9 percent of the homes were affordable to families earning the median income of $70,100, was the least affordable of the smaller metro housing markets in the country during the second quarter. Other small metro areas ranking near the bottom included Laredo, Texas; Santa Cruz-Watsonville, Calif.; San Luis Obispo-Paso Robles, Calif.; and Santa Barbara-Santa Maria-Goleta, Calif.

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Amelia Island, Boardman Ohio, Bold Real Estate Group, California, Cascades Community St. Lucie West, Cascades St. Lucie West, Fernandina Beach Florida, Fleming Island Florida, Kokomo Indiana, Laredo Texas, National Association of Home Builders, New York City, Palm Coast Florida, Real estate, Redwood City California, St. Lucie West Homes

411 NW Sunview Way, Port St. Lucie, Florida, 34986-Cascades Best Deal!

20 Aug

Offered at $221,900

411 NW Sunview Way, Port St. Lucie, Florida, 34986
CASCADES BEST DEAL!

2 Bedrooms & 2 Baths, Den/Office, 2 Car Garage, Lakeview

Contact us for a preview of this lovely home and community tour of Cascades at St. Lucie West (772) 224-1634 or (772) 224-9011

Concierge: Bold Real Estate Group will provide concierge services including set up of excursions and area information.

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Bold Real Estate Group, Canasta, Cascade Range, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades St. Lucie West, Clay court, Dining room, Florida Homes, Garage (house), Gated community, Mediterranean Revival architecture, New York Mets, port st. lucie florida, Real estate, Retirement Community, St. Lucie West Homes

The Do’s And Don’ts Of Buying A Home

17 Aug

The Do’s and Don’ts of Buying A Home. If you think you’re ready to buy a home it’s important to prepare yourself and spend some upfront time doing a little homework to see just how prepared you really are to become a homeowner.

The Definitely Do’s

Get pre-qualified before you go:
By pre-qualifying with a knowledgeable mortgage consultant you’ll know exactly what price range you can afford. Many times buyers get excited about a home they have found; and want to make an offer. However, if you don’t have a pre-qualification certificate the seller may not seriously consider your offer. There may be other offers on the table at the same time. The seller then would most likely accept the one from the buyer who is pre-qualified.

Get your documentation in order:
By providing all the necessary documents promptly, your process will go quicker and smoother, and that’s what you want. Here are some items you will need. If you are employed by a company, you will need to provide your last 2 years W2’s, your last month’s pay stubs, and the last 3 months statements for checking accounts, savings accounts, money markets, stocks, bonds, and retirement accounts. If you are self-employed, you will also need your last 2 years personal and business tax returns, and your year to date profit and loss statement.

You Definitely Don’t Want to

Have a negative history of bill payments:
There is no single element that can so dramatically impact the success of an application as your credit history. Mortgage representatives are going to scrutinize your bill paying history. Another thing, of course, is your personal savings. People should have a good disciplined savings pattern and that’s going to translate into how you’ll handle homeownership.

Don’t finance any expensive purchases that will add to your monthly debt:
When applying for a mortgage, your income and expenses need to be at a certain ratio. By adding more debt to your existing monthly outlay, your ratios could increase to a point of being detrimental.

Don’t get in over your head:
When buying a home, it’s easy to let your imagination run wild with possibilities. Don’t try shooting for that six-bedroom house on the beach if it’s going to be too much of a stretch on your current budget. You can number crunch and daydream all you want but at the end of the day, can you afford that monthly mortgage payment along with all the other homeowner responsibilities? It’s a good idea to know what your goals are and what you can afford, before you set out to buy.

If you’ve missed the mark on any of these Do’s and Don’ts of buying a home, do not let that dissuade you and wipe away your dreams; meet with a professional and outline a plan of action to see where you stand and what you need to accomplish to become a homeowner.

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Amelia Island, Bold Real Estate Group, Fernandina Beach Florida, Fleming Island Florida, Hutchinson Island, Jacksonville Beach Florida, Palm Coast Florida, Ponte Vedra Beach Florida, port st. lucie florida, Real estate, Senior Living

7 Steps to Take Before You Buy a Home

15 Aug

7 Steps to Take Before You Buy a Home

By: G. M. Filisko

Published: February 10, 2010

By doing your homework before you buy, you’ll feel more content about your new home.

1. Decide how much home you can afford

Generally, you can afford a home priced 2 to 3 times your gross income. Remember to consider costs every homeowner must cover: property taxes, insurance, maintenance, utilities, and community association fees, if applicable, as well as costs specific to your family, such as day care if you plan to have children.

2. Develop your home wish list

Be honest about which features you must have and which you’d like to have. Handicap accessibility for an aging parent or special needs child is a must. Granite countertops and stainless steel appliances are in the bonus category. Come up with your top-five must-haves and top-five wants to help you focus your search and make a logical, rather than emotional, choice when home shopping.

3. Select where you want to live

Make a list of your top-five community priorities, such as commute time, schools, and recreational facilities. Ask your REALTOR® to help you identify three to four target neighborhoods based on your priorities.

4. Start saving

Have you saved enough money to qualify for a mortgage and cover your downpayment? Ideally, you should have 20% of the purchase price set aside for a downpayment, but some lenders allow as little as 5% down. A small downpayment preserves your savings for emergencies.

However, the lower your downpayment, the higher the loan amount you’ll need to qualify for, and if you still qualify, the higher your monthly payment. Your downpayment size can also influence your interest rate and the type of loan you can get.

Finally, if your downpayment is less than 20%, you’ll be required to purchase private mortgage insurance. Depending on the size of your loan, PMI can add hundreds to your monthly payment. Check with your state and local government for mortgage and downpayment assistance programs for first-time buyers.

5. Ask about all the costs before you sign

A downpayment is just one homebuying cost. Your REALTOR® can tell you what other costs buyers commonly pay in your area—including home inspections, attorneys’ fees, and transfer fees of 2% to 7% of the home price. Tally up the extras you’ll also want to buy after you move-in, such as window coverings and patio furniture for your new yard.

6. Get your credit in order

A credit report details your borrowing history, including any late payments and bad debts, and typically includes a credit score. Lenders lean heavily on your credit report and credit score in determining whether, how much, and at what interest rate to lend for a home. Most require a minimum credit score of 620 for a home mortgage.

You’re entitled to free copies of your credit reports annually from the major credit bureaus: Equifax, Experian, and TransUnion. Order and then pore over them to ensure the information is accurate, and try to correct any errors before you buy. If your credit score isn’t up to snuff, the easiest ways to improve it are to pay every bill on time and pay down high credit card debt.

7. Get prequalified

Meet with a lender to get a prequalification letter that says how much house you’re qualified to buy. Start gathering the paperwork your lender says it needs. Most want to see W-2 forms verifying your employment and income, copies of pay stubs, and two to four months of banking statements.

If you’re self-employed, you’ll need your current profit and loss statement, a current balance sheet, and personal and business income tax returns for the previous two years.

Consider your financing options. The longer the loan, the smaller your monthly payment. Fixed-rate mortgages offer payment certainty; an adjustable-rate mortgage offers a lower monthly payment. However, an adjustable-rate mortgage may adjust dramatically. Be sure to calculate your affordability at both the lowest and highest possible ARM rate.

More from HouseLogic

Learn how Fannie Mae and Freddie Mac mortgages can help you save on financing

Learn more about the costs of homeownership

Other web resources

Homebuyer counseling resources

Get a free credit report from each of the three credit reporting bureaus

G.M. Filisko is an attorney and award-winning writer who has thrice survived the homebuying process. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Adjustable-rate mortgage, Bold Real Estate Group, Business, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades Short Sale Homes, Down payment, Fannie Mae, Freddie Mac, Mortgage loan, National Association of Realtors, port st. lucie florida, Port St. Lucie Homes, TransUnion

411 NW Sunview Way, Port St. Lucie, Florida, 34986-Cascades Best Deal!

14 Aug

Offered at $221,900

411 NW Sunview Way, Port St. Lucie, Florida, 34986
CASCADES BEST DEAL!

2 Bedrooms & 2 Baths, Den/Office, 2 Car Garage, Lakeview

Contact us for a preview of this lovely home and community tour of Cascades at St. Lucie West (772) 224-1634 or (772) 224-9011

Concierge: Bold Real Estate Group will provide concierge services including set up of excursions and area information.

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Bedroom, Bold Real Estate Group, Canasta, Cascade Range, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades St. Lucie West, Clay court, Dining room, Florida Homes, Garage (house), Gated community, Mediterranean Revival architecture, New York Mets, port st. lucie florida, Real estate, Retirement Community, St. Lucie West Homes

Port St. Lucie 55 Plus Communities

9 Aug

Port St. Lucie 55 Plus Communities. Find more information about Cascades at St Lucie West and Kings Isle

Call For Community Tour of Cascades at St. Lucie West and Kings Isle (772) 224-1634 or (772) 224-9011 or communityinfo@comcast.net

CASCADES ST. LUCIE WEST: If you’re looking for an incredible lifestyle clubhouse, please come to preview a gorgeous Ruby model home in the unique Cascades lifestyle community. This beauty possess two bedrooms, two full bathrooms, a lovely Den/Office, formal dining room, living or family room overlooking a wide lake, nicely done kitchen with large size cabinets, large breakfast area inclusive with table, chairs and built-in angled extra seating with cushions, new gas heater in March, 2011, gas range, gas interior heat, plenty of closet space, two car garage, screened lanai overlooking the lake and exotic birds. This beauty is a rare find!

Concierge: Bold Real Estate Group will provide concierge services including set up of excursions and area information.

KINGS ISLE AT ST. LUCIE WEST: A resort-lifestyle retirement community features beautiful active clubhouse with ballroom, tennis courts, heated swimming pool with deck and spa, community room with big screen television, shuffleboard, bocce ball courts and much more to enjoy year round. PGA golf courses only a mile away from the community. Gated entry with 24-hour controlled access for privacy. St Lucie West is the location of the New York Mets spring training program. The community is conveniently located, minutes away from theaters, houses of worship, great restaurants, movie theaters, post offices and hospitals. Contact us for a complimentary tour of Kings Isle at St Lucie West and let us welcome you to your dream home.

Tags: 55+ Port St. Lucie Community, 55+ St. Lucie West Community, Bold Real Estate Group, Canasta, Cascades Community St. Lucie West, Cascades Short Sale Homes, Cascades St. Lucie West, Clay court, Dining room, Health care, Kings Isle St Lucie West, Mediterranean Revival architecture, New York Mets, Ponte Vedra Beach Florida, Port St. Lucie, port st. lucie florida, Real estate, Retirement Community, St. Lucie West Homes

How To List Your Home Short Sale

8 Aug

How to list your home short sale

Inevitably, during a dip in the economy some people feel it worse than others. If you are experiencing especially hard times and are unable to pay the mortgage on your home right now due to your special financial situation you may have options.

A short-sale could be the perfect solution for many homeowners missing their payments because of the economic downturn. In fact, a short-sale is preferred by lenders as well as homeowners; it’s a win-win for everyone.

What is a “short sale?”

A short sale occurs when the net proceeds from the sale of a home are not enough to cover the sellers’ mortgage obligations and closing costs, such as property taxes, transfer taxes, and the brokers’ commission. The seller is unwilling or unable to cover the difference.

Who do you contact first?

Seller must contact a qualify Real Estate office specializing in short sale negotiations.

How do I get the lender to reduce the amount of the mortgage owed?

Many lenders will not negotiate the mortgage balance until a written Contract for Sale and Purchase has been received. The seller is often asked to submit income tax returns, income stubs and other information so that the lender can determine if it is truly a hardship case. The bank will also need comps or a broker’s price opinion showing your estimate of value.

What if the lender won’t reduce the amount of the mortgage?

Unfortunately, not all lenders will reduce the amount of the mortgage if they feel that the seller can pay the deficiency. In this case, the seller will have to either sign a Promissory Note to the lender, borrow funds from relatives or other sources, or the sale won’t go.

Are there any tax implications for the forgiveness of debt?

The forgiveness of any debt is imputed income to the seller for tax purposes. A 1099 is usually given to the seller at closing and the imputed income is listed on the HUD-1. Please consult with your financial advisor for more information.

What is Necessary from a Successful Short Sale Negotiator?

Sophisticated financial knowledge
Understand the lender’s language
Reliable – a company with name to protect
Time, time and more time
Accurate paperwork
Experience
Legal knowledge
Negotiation skills
Strong supportive administration
Capability to handle high volume
Legal reasonability

Bold Real Estate Group Short Sale division is dedicated to working with home sellers towards a successful resolution of the Short Sale process. Our legal assistant will collect and review all the necessary documents, research tax, title and liens on the property and purchase contract for lender review. Our legal assistant will not collect a retainer fee for services. Legal fees and Real Estate commission will be paid by the lender as part of their NET loss for the short sale approval. Your lender is contacted weekly for updates and make sure positive progress is being made on the file. Please feel to contact our office with any questions or concerns regarding our short sale process.

Servicing Florida Cities: Port St. Lucie, Palm City, Jensen Beach, Stuart, Vero Beach, Hutchinson Island, Fort Pierce, Palm Beach, Jacksonville, Jacksonville Beach, Ponte Vedra Beach, Palm Coast, Neptune Beach, Amelia Island, Atlantic Beach, Fernandina Beach, Saint Johns, Saint Augustine, Daytona Beach, Fleming Island.

Tags: 55+ St. Lucie West Community, Bold Real Estate Group, Cascades Community St. Lucie West, Cascades Foreclosure Homes, Cascades Short Sale Homes, HUD-1 Settlement Statement, Hutchinson Island, Jacksonville Beach Florida, Ponte Vedra Beach Florida, port st. lucie florida, Promissory note, Real estate, short sale, St. Lucie West Homes

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Cascades St. Lucie West

Cascades Home Reduced For Quick Sale! 411 NW Sunview Way, Port St Lucie, 34986

Golf Course Living at Cascades St. Lucie West

Voting for HOA Board Members

Housing affordability hovers near record level

411 NW Sunview Way, Port St. Lucie, Florida, 34986-Cascades Best Deal!

The Do’s And Don’ts Of Buying A Home