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Most Recent Real Estate Sales in Cascades Port St Lucie

12 Sep

Most Recent Real Estate Sales in Cascades Port St Lucie.

Address                                Listed          Original      Most Recent    Sold         Price

356 NW Sunview Way   6/14/10     $199,000   $184,500      8/31/11   $157,000

375 NW Sunview Way  5/19/11      $224,900    $209,000      9/01/11   $205,000

122 NW Lawton Rd       6/29/11      $214,900     $214,900      8/15/11   $195,000

For more information about homes for sale in Cascades visit www.TheCascadesAtStLucieWest.com

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.comwww.BoldRealEstateGroup.com,  www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com, www.TheCascadesAtStLucieWest.com, www.HealthcareRelocationServices.com

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

9 Sep

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.comwww.BoldRealEstateGroup.com,  www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com, www.TheCascadesAtStLucieWest.com, www.HealthcareRelocationServices.com

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503 NW Serene Meadow Way, St Lucie West, Florida 34986

8 Sep

3 Bedrooms, 2 Baths, Den, 2 Car Garage Home For Rent $1,500 monthly

503 NW Serene Meadow Way, St Lucie West, Florida 34986

CASCADES St Lucie West 55+ Community

Magnificent Chardonnay extended model with 3 full bedrooms, 2 bathrooms plus den.  Light and open with spectacular view of the preserve from the family room, spacious formal dining room and master bedroom , two walking closets, large bathroom.  Professionally decorated with crown moldings, neutral 18” ceramic tile in living areas except for carpet in bedrooms.  Nicely done kitchen with 42” cabinets, ceramic tile breakfast counter, separate breakfast area overlooking family room.  This lovely home offers plantation shutters throughout, generator, large screened lanai with custom made sundeck cover. Gas water heater, washer, dryer, natural gas range and interior heating, plenty of closet space, two car garage. 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, exterior maintenance, manned gated entry 24 hours, alarm monitoring all included in monthly rent. 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.

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 www.TheCascadesAtStLucieWest.com

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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

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Mortgage Talk in Simple Terms

31 Aug

Mortgage Talk in Simple Terms.  There are many stresses associated with home buying – both financial and emotional, and frankly speaking, it doesn’t help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a bit of a primer on what some of these terms mean. After all, it’s your money and your home we’re talking about; as a Mortgagor you have a right to understand what you’re reading.

We’ll start with Amortization” and “Term”. Both refer to periods of time in the life of your mortgage, and you’ll want to be sure that you understand the difference.

The amortization” of your mortgage is the length of time that would be required to reduce your mortgage debt to zero, based on regular payments at a specified interest rate. The amortization period is typically 15, 20 or even 30 years, although it can be any number of years or part-years.

You could establish that you are able to make a certain payment each month of say $950 for your $130,000 mortgage at 5.0%. In this case, your amortization period will be just under 18 years. Or you could tell your broker that you’d like to be mortgage-free in just 10 years. With an amortization period of 10 years at the same interest rate, your $130,000 mortgage will cost you about $1,407 per month. That’s a tougher mortgage payment but you would save thousands of dollars in interest. (More than $30,000)

As you arrange your mortgage, then, keep in mind that your amortization period may be fairly long — although the shorter you can make it, the less you’ll wind up paying for your home in the long term.

The “term” of your mortgage will typically be shorter. The “term” is the duration of your mortgage agreement, at your agreed interest rate. This will be a very specific length of time, although you will have several choices. A 6-month mortgage is a very short-term mortgage. A 10-year mortgage will be one of the longest terms, generally with a higher rate of interest to represent the higher degree of uncertainty in the economic outlook.

After your mortgage term expires, you will need to either pay off the balance of the mortgage principal, or negotiate a new mortgage loan at whatever rates are available at that time.

Now, back to the term “Mortgagor”. This is one of three very similar terms: “Mortgagee”, “Mortgagor”, and “Mortgage”.

•    A Mortgagee is the lender of the money: a bank, company, or individual.
•    A Mortgagor is the borrower: the person or persons (or company) that is borrowing the money, and who will pay it back to the mortgagee.
•    The Mortgage, of course, is the legal document that pledges the property as a security for the debt.

Still confused? Don’t worry because when purchasing a home you’ll get everything in writing as well as all the information broken down into simple terms. And when you have questions, ask your lender to clarify before signing any documents.

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

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

Home | Homes For Sale | Homes Short Sale | Search Foreclosures | Open House | Homes For Rent | Renter’s Insurance | Cascades Resources | Cascades Events | Community Tour | Home Virtual Tour | Driving Directions | Cascades Q & A | Cascades Floorplans | Cascades HOA | Community News | Community Providers | Cascades BLOG | Sign-up for a Tour! | Buyer’s Resources | Dream Home Finder | Search MLS | Home Inspection | Home Warranty | Florida Relocation | Property Taxes | Tax Estimator | Insurance Quote | Buy A Short Sale | Seller’s Resource | Market Analysis | Short Sale Inquiry | Our Commitment | Outbound Relocation | Sold Homes Report | Jobs Opportunity | Senior Care Living | Workforce50.com | Retired Brains | Tradition | The Vineyards | Kings Isle 55 Plus | Magnolia Lakes | Sawgrass Lakes | Lake Forest | Lake Charles | Tesoro Homes | The Club SLW | Belmont SLW | Country Club Estates | Lakes At SLW | Viscaya Falls | PGA Village | Verano PGA | Seasons 55 Plus | Tampa Homes | Ocala Homes | Naples Homes | Fort Myers Homes | Jacksonville Homes | Ponte Vedra Homes | Orlando Homes | New Developments | Discovery Tours | Costa Rica Homes | Real Estate Glossary | Golf Course Finder | FREE Moving Quote | Market eNewsletter | Currency Converter | FREE Credit Score | Airport & Flights | About St. Lucie West | Connect Utilities | Global News | Books WebStore | Retirement Homes By State | Local Hospitals | Dining Guide | St. Lucie County Profile | New Developments | Cost of Living Data | Taxes by State | For Buyers | For Sellers | Homeowners | Mortgage Calculator | Mortgage Rates | Loan Quote | Get Pre-Approved | Mortgage Articles | Lending Sources | St. Lucie County | Martin County | Palm Beach County | Indian River | Broward County | Brevard County | Okeechobee County | Miami-Dade County | Referral Network | Real Estate Career | Real Estate School | Guest Bloggers | Contact Us | Testimonials | About Us | Our Blog | About Florida | Se Habla Español | Why Use A REALTOR® | North Florida Homes | Privacy Policy | Florida New Developments

Is Green another type of Mortgage nor readily used?

29 Aug

Is Green another type of Mortgage nor readily used?  Green Mortgages may seem like a new novel idea but they’ve been around for decades. A green mortgage simply is a type of mortgage that provides you a money-saving discount or a bigger loan than normally permitted as a reward for making energy-efficient improvements or for buying a home that meets particular energy-efficiency standards. It also makes it easier for you to qualify for a loan.

Green mortgages hinge on the principle that a more energy-efficient home means lower utility bills and, as a result, greater income, qualifying a prospective homeowner to buy a more expensive house. Officially, the mortgages often are called Energy Efficient Mortgages (EEMs) or Energy Improvement Mortgages (EIMs).

A green mortgage allows you to roll in the costs of making specific energy saving improvements to the home you are building or purchasing. This will, of course, increase your monthly mortgage payment but since because these improvements will drastically lower your energy, gas and water consumption, your monthly utilities will decrease even more so than your mortgage -saving you money every month.

Individual monthly savings will differ depending on the degree of the property’s energy efficiency. There are instances where the home energy efficiency improvements have led to monthly savings of $400 and greater.

If you saved $100 per month in energy costs for an annual savings of $1200, your home’s value would increase $24k.With the increase over the past 10 years in energy costs, this amount is probably higher.

There are several options for Energy Efficient Mortgages or EEM that one might qualify for

•    Fannie Mae Energy Efficient Mortgage (EEM) Pilot
•    Federal Housing Authority (FHA) Energy Mortgage Program
•    Veterans Administration Energy Mortgage Program
•    Freddie Mac Support for Energy Conservation
•    Energy Star Mortgages

The process of getting an energy efficient mortgage is exactly the same as a conventional mortgage with the exception of adding in the extra step of having the energy audit performed.

1.    First you select your property, received an approved offer, enter into contract, complete home inspection and property appraisal.

2.    Schedule the home energy audit to be completed as soon as possible after home inspection and appraisal.

3.    Once these reports come back, the loan officer with finish the remaining paperwork which includes the application for the EEM and includes the energy audit report. Your lender then completes a two page Energy Addendum form to include with the rest of the loan paperwork.

While commercial builders have taken advantage of this program more than homeowners the opportunity is there to reduce your home energy outlay by from 30 to 50 percent, guaranteed.

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

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

Home | Homes For Sale | Homes Short Sale | Search Foreclosures | Open House | Homes For Rent | Renter’s Insurance | Cascades Resources | Cascades Events | Community Tour | Home Virtual Tour | Driving Directions | Cascades Q & A | Cascades Floorplans | Cascades HOA | Community News | Community Providers | Cascades BLOG | Sign-up for a Tour! | Buyer’s Resources | Dream Home Finder | Search MLS | Home Inspection | Home Warranty | Florida Relocation | Property Taxes | Tax Estimator | Insurance Quote | Buy A Short Sale | Seller’s Resource | Market Analysis | Short Sale Inquiry | Our Commitment | Outbound Relocation | Sold Homes Report | Jobs Opportunity | Senior Care Living | Workforce50.com | Retired Brains | Tradition | The Vineyards | Kings Isle 55 Plus | Magnolia Lakes | Sawgrass Lakes | Lake Forest | Lake Charles | Tesoro Homes | The Club SLW | Belmont SLW | Country Club Estates | Lakes At SLW | Viscaya Falls | PGA Village | Verano PGA | Seasons 55 Plus | Tampa Homes | Ocala Homes | Naples Homes | Fort Myers Homes | Jacksonville Homes | Ponte Vedra Homes | Orlando Homes | New Developments | Discovery Tours | Costa Rica Homes | Real Estate Glossary | Golf Course Finder | FREE Moving Quote | Market eNewsletter | Currency Converter | FREE Credit Score | Airport & Flights | About St. Lucie West | Connect Utilities | Global News | Books WebStore | Retirement Homes By State | Local Hospitals | Dining Guide | St. Lucie County Profile | New Developments | Cost of Living Data | Taxes by State | For Buyers | For Sellers | Homeowners | Mortgage Calculator | Mortgage Rates | Loan Quote | Get Pre-Approved | Mortgage Articles | Lending Sources | St. Lucie County | Martin County | Palm Beach County | Indian River | Broward County | Brevard County | Okeechobee County | Miami-Dade County | Referral Network | Real Estate Career | Real Estate School | Guest Bloggers | Contact Us | Testimonials | About Us | Our Blog | About Florida | Se Habla Español | Why Use A REALTOR® | North Florida Homes | Privacy Policy | Florida New Developments

The benefits of owner financing

29 Aug

There are many benefits for doing an owner-carry installment sale as opposed to conventional financing for both the buyer and seller. Sometimes this type of transaction may benefit only one or the other, but in most cases this contract is “Win/Win” for both parties.

Benefits for the Seller

Most sellers of real property insist on the highest price and all cash. Sellers want a fast closing with little hassle. Sellers also want to pay as little taxes as possible on the gains incurred. In many cases, the seller can have most of his needs satisfied by an installment sale rather than a traditional cash sale. Let’s look at these needs one by one.

1. Highest Price. There is no doubt that a seller can insist on and receive the highest price when offering flexible owner-finance terms. In many cases, the seller can receive more than the fair market value of the property by offering these “soft” terms. People are always willing to pay a premium for non-qualifying financing.

2. Cash. Nearly ever seller says he wants all cash, but few need it. What the typical seller wants is the most net cash from the deal. Often, the seller has to pay closing costs, title insurance, broker fees and the balance of the existing financing. In addition, there may be capital gains tax due to Uncle Sam. In many cases, the sale of a property by an installment sale will net the seller more future yield than any source from which the cash proceeds were reinvested.

3. Fast Closing. Nothing holds up a sale more than new lender financing. In some areas of the country, it can take months for a buyer to qualify and close a new loan to purchase your property. Since most standard real estate contracts contain a financing contingency, you may end up back at square one if your buyer does not qualify. Furthermore, if your house is not particularly nice or unique, it may take you some time to even find an interested buyer. Since you are competing with all of the other houses for sale, you may need to spend thousands of dollars in paint, new carpet and landscaping just getting the house ready for the market.

There are very few “assumable” loans and few sellers are offering “soft terms.” Thus, an owner-carry sale makes your house unique. Furthermore, an owner-carry transaction can be consummated in a matter of days, since there is no appraisal, underwriting survey involved.

4. Tax Savings. On an installment sale, you only pay gains to the extent you receive payments each year. This can be particularly advantageous if you have owned the property for several years. Furthermore, you can combine the installment sale with a Tax-Deferred Exchange for further savings.

As you can see, the installment sale provides many advantages to the seller of real property. Let us now turn to the advantages for the buyer.

Advantages for the Buyer

1. Easy Qualification. The buyer, in many cases, prefers an installment sale to conventional financing because it does not require traditional bank income and credit approval. The buyer may have poor credit because of a divorce or recent bankruptcy. He may be self-employed and cannot prove income. He may be new to his job and cannot meet strict lender guidelines. Even if he could qualify for a loan, the rate will be astronomical if he has poor credit. Furthermore, few conventional lenders offer fixed interest rate loans to people with a poor credit rating.
As you can see, there are many reasons why a buyer cannot (or will not) qualify for a conventional bank loan. The installment sale becomes the perfect solution for him.

2. Credit Rating. An installment sale may give the buyer a chance to improve his credit rating by owning a home and making payments timely.

3. No Loan Costs. One of the biggest benefits for the buyer is that they do not have to pay the costs associated with conventional loans. Points, origination fees, underwriting charges, appraisal, credit reports, title insurance and the plethora of other “junk” fees charged by conventional lenders can amount to thousands of dollars at closing. The buyer is free from these with an owner-carry installment sale.

4. Fast Closing. A buyer can close and move into a property within days, since there is no third party lender holding up the transaction.

Despite the elevated purchase price and interest rate, there are many benefits to a buyer who engages in an installment sale transaction.

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

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