Tag Archives: Fleming Island Florida

Passing A Home Inspection Successfully

2 Nov

Passing A Home Inspection Successfully.  Every home buyer has a different preference as far as their likes and dislikes are concerned. However, all buyers want to buy a house that is sturdy and is as sound structurally as it appears to be on the outside.

There are several problems that are scrutinized carefully by a home inspector since they are quite common and can turn out to be very costly when you set out to repair them. The best thing to do is to look for these 11 problems your self so that they can be reviewed and repaired as early as possible. Here are a few checks to get you started;

Is the plumbing defective?

Leaking and clogging are the two main signs that the plumbing in the house is defective. Water pressure can be gauged by turning on all faucets and flushing the toilet. The sound of running water shows that the pipes are undersized and if the water is dirty when the faucet is turned on, it indicates that the pipes are rusting.

Is the basement damp or wet?

A powdery white mineral deposit against the wall and a few inches off the floor, or mildew odor, are elements an inspector is likely to look for. These are all signs that the basement is damp or wet. Waterproofing can prove to be very costly. You will need to get an estimate of the costs to get a better idea about what you want to net on your home.

Is the heating and cooling system poor?

Poor heating is often indicated by insufficient insulation and a poorly functioning heating system. An inspector will check the life span. If there is a forced air gas system, an inspector will look carefully for any cracks on the heat exchanger since it can release carbon monoxide into the home.

Are there any roofing issues?

Curling of the asphalt shingles and damage from heavy wind are just a few things that can lead to water leakage through the roof. Leaking gutters and downspouts causing the water to run down through the exterior walls can lead to major internal problems in the roofing.

Is the wood rotting?

The inspector will probe the wood to see if there is any rotting in the door or window frames, trims, sidings, fences, or decks. He will pay special attention to any place that has been freshly painted.

Is the masonry work in good health?

Although re-bricking is quite costly, sometimes it is required to avoid problems with water and moisture penetration which could further lead to the chimney being clogged with fallen bricks or the entire chimney falling off onto the roof.

Are there structural or foundation problems?

Since structural integrity is necessary for every home, an inspector will investigate the underlying footing and foundation carefully.

Tough times can make it challenging for sellers and if you’ve neglected your home this can cause you to lose a potential home buyer. Perform a thorough inspection of the house before thinking about putting it up for sale. This will not only help you get a more accurate estimate of the sale price but will also not spring any surprises on you when a professional inspector does a check for these things.

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 new and resale homes:  www.Northeast-Florida-Relocation.comwww.BoldRealEstateGroup.com,  www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com a Golf Style Private Community,  www.TheCascadesAtStLucieWest.com  a 55+ Resort Lifestyle Community, www.HealthcareRelocationServices.com

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Strategic Downsizing To Cut Costs

22 Sep

Strategic Downsizing To Cut Costs. Everyone feels the strain of rising costs here and there. It may be groceries or it could be gas, but many of us are looking for solutions to an on-going problem. How to cut costs?

These days it becomes more of a strategy to save money. If you move to a walkable neighborhood you can cut down on gas, kids can walk to neighborhood schools, find entertainment at nearby parks and centers and more pep in your step means a healthier you.

You’re not just downsizing your space but you’re strategizing to move to a simpler life. You look at all the ways you can save on money just by moving to the right neighborhood. Ask yourself a few questions;

1. If you drive your kids to school or if your teenagers drive to school, wouldn’t it save money to downsize to a community where they can walk or buses will pick up?

2. What communities have shopping within walking distance? If you buy local you can save.

3. Which community could you move to that has a bus stop or train station nearby?

4. Are there banks/ATM machines in the community? Do you know how many times people must run out and drive to an ATM machine just to give money to the kids? What a waste of gas!

There’s more than one way to reduce housing costs. A smaller home typically means a smaller mortgage and smaller property taxes. It also means lower utility bills and reduced maintenance costs.

The biggest problem with downsizing to new homes is that people have trouble parting with the past but you always have your memories and trinkets.

The bottom line is that costs go up and down but they will never be so low that you won’t feel pocket stings, especially when you get closer to retirement age. That’s why downsizing is strategic; you must focus on cutting your expenditures so you have more going in your pockets than going out.

Asking yourself is it Worth It?

In most cases, the answer is yes. Sizing down will almost always mean saving money. Lifestyle is perhaps your wild card in this equation, and depends entirely on your personal wants, needs and any changes you hope to introduce.

If you strategize in the choices you make it can have a profound impact on your pockets and in your life.

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 new and resale homes:  www.Northeast-Florida-Relocation.comwww.BoldRealEstateGroup.com,  www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com a Golf Style Private Community,  www.TheCascadesAtStLucieWest.com  a 55+ Resort Lifestyle Community, www.HealthcareRelocationServices.com

 

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Three Residential Improvements That Add Value by Bold Real Estate Group

19 Sep

Three Residential Improvements That Add Value by Bold Real Estate Group.  There are two ways to go about making home improvements. Either you splurge for things purely for the pleasure of having it or you take a pragmatic approach, making purchases that will increase your home’s market value.

Exactly how much you’ll recoup in costs depends on several factors, including the value of the homes in your neighborhood, when you plan to sell the home and the nature of the project itself.

But there are three improvements that will up your value no matter what!

1.Install a Standby Generator. Standby generators can add value to your home and while they are moderately expensive to install, they will safeguard your family by keeping power running in an emergency. Unlike a portable backup generator, which you store in the garage or shed and roll out during an emergency, a standby generator is permanently installed on a gravel bed or concrete pad next to your house. If the power goes out, an electronic switch automatically signals the unit to turn on, keeping essential household systems and appliances running

The cost of these units all depend upon your comfort level and what your expectations are. If you lose power, would you prefer the whole house remains running as if nothing ever happened or do you need just the basics to get through the rough time? Prices for standby generators can start as low as $1700, however, this does not include the price for an electrician to install and test the generator.

2.Create a Home Office. Many companies are looking for ways to reduce costs and minimize space to house employees; additionally, millions of Americans work from home and that number grows every year. This has made a home office more of a necessity than a luxury. Creating a dedicated work space not only adds value to your house, but it also makes your telecommute tax deductible. Converting an unused den, sunroom or extra bedroom is a great way to take care of business from the comfort of your home.

3.Infuse some Curb Appeal. If your house doesn’t look appealing from the outside, chances are a potential buyer will never make it inside. Paving a driveway or walkway that is in disrepair is a must, because this is what leads people to your home — you want it to be welcoming. Attractive, manicured front-yard landscaping will also add value to your home. Drought-tolerant plants are a great option if you don’t have a green thumb. And don’t forget about your backyard either. Outdoor living is very popular as more people wish to entertain. Raised garden beds and attractive lounging furniture will definitely appeal to future buyers. Who said you must spend a fortune? Curb appeal can be created for under $500.

Keep in mind that design tastes can shift significantly over time. A house that’s priced higher than its neighboring homes could be perceived as overpriced even if it does have more value.

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 new and resale homes:  www.Northeast-Florida-Relocation.comwww.BoldRealEstateGroup.com,  www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com a Golf Style Private Community,  www.TheCascadesAtStLucieWest.com  a 55+ Resort Lifestyle Community, 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 | Florida Package | Costa Rica Package | 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 | Financing Terms | 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

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.

© 2011 Florida Realtors®

Reprinted with permission. Florida Realtors®. All rights reserved

Get match with a Real Estate Professional you can trust

23 Aug

Making the Big Move?  Get match with a Real Estate Professional you can trust.

A FREE Service Provided By Bold Real Estate Group & Worldwide Network Of Real Estate Professionals

Our Realtor® Match Network of professional real estate agents, brokers and companies from across the USA strive to provide the best services possible to our visitors.   Please select your state below and complete form to find the right Realtor® match in your area.

The expertise of an experienced Real Estate professional is highly advisable.  Through our Local, National & International network of professionals we will match you with a Real Estate professional, in the city in which you are buying and who will walk you through the process. This service is being offered at absolutely no cost to you by our worldwide network of preferred Real Estate professionals with an added incentive of $150 credit at closing.

 

Can You Trust Your Title-Escrow Company?

23 Aug

Can You Trust Your Title-Escrow Company?

Every homebuyer and seller needs the services of a Title and Escrow Company.  For the most part, your Realtor has dealt with the same companies year after year but there are times when the seller or buyer will want to use the services of a new company.  Should you be worried or is every title and escrow company basically the same?

The escrow company ensures that no funds will be released until all paperwork has been signed, documents delivered and instructions and contingencies completed correctly.  They safeguard your money until all conditions for both parties have been met.  And although each transaction is basically the same each escrow company might not follow the same route when preparing to close your escrow account.

Most real estate brokers will be delegated this duty of choosing a title escrow company and will recommend a company they have dealt with numerous times; however, you have the right to choose any title escrow company you feel comfortable with.  You should ensure they are licensed, competent and experienced. This is very important because choosing the right escrow title company will make the difference between a smooth transaction, loss of money, inflated fees and delays to close on your property. Remember, this company will be holding thousands of dollars for you. Would you trust just anyone to hold that amount of money?

Escrow corporations must be licensed however there are times when some companies are exempt and many see this opportunity to use funds in an unorthodox manner.  What would happen if your funds were “borrowed” to close on another transaction?  What would happen if your funds weren’t available for any reason when it came time for your settlement?

Any homebuyer or seller should take a proactive approach in questioning which title escrow company they are using. Ask the following questions to your satisfaction before committing to use that company.
1.    What are all the title escrow fees?
2.    How long have you been an escrow officer?
3.    Do you have an assistant to help in your office?
4.    Do you have an assistant? Are they familiar with the files?
5.    Are you comfortable closing “creative or difficult” real estate transactions?
6.    Can you do “subject to” closings, simultaneous closings, etc
7.    What are your hours of operation? If needed, are you willing to stay late?
8.    If needed can you meet clients for settlements away from your office?
9.    What recording times are scheduled for your company?
10.   How do you handle escrow collection accounts?
11.   Will you insure an all inclusive deed of trust?
12.   Do you have a notary available?
13.   What are your funding options?
14.   Do you have an after hours service for title information?

You want to simply ask everyone in this transaction “Will my money be safe.” If there is ever any hesitation to that answer keep looking for another title escrow company.  You’d rather be safe than sorry.

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

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.

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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