Tag Archives: port st lucie

The 4 Factors That Make Or Break Your Mortgage Loan Application By Bold Real Estate Group

25 May

There are 4 primary factors a loan processor will look at when you’re being considered for a mortgage loan. Many prospective buyers fail to take the time and review those factors that will be considered and this can lead to disappointment.

By having a clear understanding of your financial history you’ll be able to cleverly negotiate your loan terms.

Income & Employment

• What is your gross income?

This question is used to gauge your pre-tax and pre-deduction earnings. This is the baseline lenders use to determine the mortgage amount that you will qualify for.

• Do you make any overtime pay or bonuses?

This question is used to determine if you have any other income that can be utilized toward increasing the approval amount.

• How long have you been employed?

This question is used to weigh stability of your income. Individuals who jump careers every few years are considered to be a higher risk when it comes to loans than someone who has stayed at the same place of employment doing the same type of work for 24 months or longer.

Debt

• What is the minimum amount you pay toward all unsecured loans each month?

This question is used to determine the amount of disposable income a borrower has once all of their monthly financial obligations have been met. Unsecured debt applies to credit cards, personal loans, student loans, car payments or any other monthly payment currently being made to satisfy a debt.

• Do you have any debts in default or collection?

Your credit report will reveal the negatives, however, here is an opportunity to acknowledge extenuating circumstances for any negative debt. Not all negative items are a death sentence when it comes to a mortgage approval. This question is designed to help a loan officer assess your overall financial health,
Credit

Once a lender has pulled a borrower’s credit they may have questions on items that exist on a credit report. The most common questions are to verify and respond to negative items that exist.

Money for Move In

Lenders want to validate available assets that can be applied toward down payments and closing costs when making a home purchase. The more available funds a borrower has to close on a home the less of a risk they are considered meaning that they are more likely to obtain a loan. The following are some of the more common questions that a lender will ask in regard to money for move in.

• Do you have a savings account?

• How much is in your savings account?

• Do you have an IRA or a 401K that you could access for additional funds?

• Do you have a family member that would be willing to provide you funds as a gift for down payment or closing costs?

Lenders questions will vary from one borrower to another based on the buyer’s unique financial situation. However, this information can be utilized as a baseline guide for being prepared when applying for a mortgage.

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

New Incentives To Buy A Fannie Mae Foreclosed Home By Bold Real Estate Group

24 May

Everyone has heard how good of a deal you can get when you purchase a foreclosed home but just how good is “good” and how do you negotiate a good deal?

Finding the Deals

Remember that negotiation dealings will vary depending on the current stage of the foreclosure process.

• First, to get a great deal you should consider fixer-upper foreclosed homes for a higher profit margin. Fix the property up and instantly you’ll increase the value in the home. This type of distressed property can be purchased under market value with a renovation loan to take care of needed repairs.

• Check prices in the neighborhood. Your realtor will do comparisons of the most recent six-month period. You’ll want to stay at least 20 percent below the median price of recent sales in that neighborhood.

• Search bank websites since many list their foreclosed properties for sale online.

• Look up government-owned listings. HUD and Fannie Mae, just to name a few, both list their foreclosed properties online. Once you find a home you’re interested in, your agent will make an offer through the representing agent of that property. But the departments warn that the homes are sold “as is” and after the sale is made, the government is not responsible for any repairs or problems.

Negotiating with the seller (banks)

Find important clues to cleverly negotiate with the banks;

• Days on the market: How long has the property been in the market?

• Offers received: How many offers have been received so far? You may not necessarily get an exact figure, but it does not hurt to ask. Is the foreclosed house under contract or are there any pending offers? Was any contract canceled? Was it due to a financing contingency or inspection?

• Condition of the foreclosed property: Age of the house, roof, appliances, air-conditioning unit, water heater, etc.
While a foreclosure seems like a good deal, foreclosures can come with some downsides including homes that have liens against them. It can also be difficult or downright impossible to inspect foreclosed homes in advance of their sale, which means there’s no time to check if the basement is flooded or if there are any appliances left.

So while its harsh, it’s still true that you can benefit from others misfortunes by seeking homes reclaimed by lenders. While foreclosed properties do involve risk the bargains are way-to-good to pass up.

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

Knowing The Real Monthly Mortgage Payment A First Time Homebuyer Will Pay By Bold Real Estate Group

24 May

As a first time homebuyer, you will be exposed to hundreds or thousands of ads everyday; media stories, friends’ advice, and online mortgage calculators that will provide you with partial information. All of these sources will lead you to believe that you can have a larger home loan balance with what seems to be a very low monthly payment. Or they will show you a monthly payment that seems extremely affordable for what you are looking for, trying to hook you to make the purchase.

The underlying truth though is that most of these monthly mortgage payments that you will come across are not completely accurate. Most of the super low mortgage payments that you see advertised are targeted to a specific homebuyer who has perfect A credit and usually do not include Property Taxes or Homeowners Insurance that you will also need to pay for each month.

Marketing departments are very smart and will show these low payments just to generate leads.

The marketing ploys usually have a small fine print that tells a different story. These super low payments will typically require extremely high credit scores in the high 800s and at least a 20% down payment.

If you put less than 20% down, your monthly payment could then also include mortgage insurance to be added to your payment. Look closely in the fine print, if you can locate it and you will see all the requirements to qualify for that payment and what type of loan program it is.

An advertisement does not know what your credit score is or if you plan on putting down a down payment.

Your monthly mortgage payment will typically include Principle and/or Interest payments, Property Taxes, Homeowners (Hazard) Insurance and possibly even Mortgage Insurance. It is important to talk to your loan officer and find out exactly what your TOTAL monthly payment will be and what will be included in that payment.

Keep in mind too, that some neighborhoods will require you to pay a Home Owners Association fee or other Community specific fees each month on top of your monthly mortgage payment. If you are used to renting, you also may not realize all the different utility expenses that you will need to pay as a homeowners instead of a renter.

In order to keep your overall monthly expenses in your comfort zone, it is very important to know your TRUE monthly payments and expenses. You don’t want to buy your first home only to find that it is a financial burden. Buying your first home should be a great point in your life, not a financial nightmare.

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

Do you know about Los Cabos? by Bold Real Estate Group

20 May

May is a lovely month in Cabo and 10 other lovely months except for September when it rains for two to five days. Easter Holidays where unusually late this year. Spring break started last week of March and with the late Easter Holidays we have had about five weeks of family vacation season all ready this year. For the next two months we are hosting investors and retirees scouting for the best buys on properties of all sizes. Mexico has the largest number of US and Canadian retirees. The reasons for the large and growing number of retirees moving to Mexico are weather, lifestyle, easy access and short distance from home, a much lower cost of living, excellent medical and dental services and a friendly and safe environment.

Los Cabos has been and steadily gaining in popularity with retirees in the high, medium and lower price range. Los Cabos is very unique in almost every way. Located at the tip of the Baja Peninsula, the two cities are connected by a 22 km. four lane highway. Los Cabos enjoys the best weather, the locals are friendly and many speak English, it is very safe and offers lots of activities. We have two marinas, a number of the best golf courses in the world, world class fishing, fine dining, nightclubs, English speaking movie theatres, art walks in the art district with 14 galleries and many organised events from horse back riding to whale watching, even witness baby whales coming into this world.

The special advantages of Los Cabos include easy access with direct flights from many US and Canadian cities, or you can even take a safe and scenic drive here. Cabos offer retirees the best in every budget. You can live very well and enjoy life on a modest pension or live a lavish life if you have the income to spend. You do it all in Los Cabos. Medical insurance including airlift is available. Food and gasoline are very inexpensive and you need air conditioning only in August and September. The government subsidises the cost of electricity and there is no heating cost. By the way, if you need to keep active and like to work, you can start your own business, if that’s what you would like to do.

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

Cascades Listing Reduced For Quick Sale! By Bold Real Estate Group

20 May

$227,499

CASCADES PORT ST. LUCIE HOME REDUCED FOR QUICK SALE!

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

Call For Community Tour of Cascades at St. Lucie West (772) 224-1634 or (772) 224-9011

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!

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

What’s Happening In Cascades Today!

1 May

Open House at 411 NW Sunview Way from  1:00pm to 4:00pm

CASCADES PORT ST. LUCIE HOME REDUCED FOR QUICK SALE!

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

Call For Community Tour of Cascades at St. Lucie West (772) 224-1634 or (772) 224-9011

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!

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 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.  View thousands of listings  www.TheCascadesAtStLucieWest.com or www.BoldRealEstateGroup.com

Bold Real Estate Group St. Lucie West Office

27 Apr

Bold Real Estate Group St. Lucie West New Location

Bold Real Estate Group is a boutique agency committed to concierge personalized service for discerning buyers and sellers.  Our team of professionals strive to provide the highest standard of real estate service Locally, Nationally and Internationally by combining today’s technologies with yesterday’s caring attitude.  Their goal is to give their clients the confidence to know that their transaction will be completed successfully and with confidentiality.  Buyers trust us to expose them to properties that meet and exceed their desires. Sellers can rely on us to reach a wider range of prospective buyers.

Carlos J. Gil, President.  As of January 19, 2011 achieved his Real Estate Broker’s Licensed in the State of New York, Carlos is a proud member of the National Association of Realtors (NAR), Certified International Property Specialist (CIPS) and International Consortium of Real Estate Association (ICREA)

Millie Gil, Vice President.  A successful licensed agent for over twenty-five years ; always prepared to assist buyers and sellers with every real estate need.   Whether you’re a first time homebuyer or experienced investor, Millie is committed to work diligently to deliver satisfactory results.

You may contact Carlos and Millie at their office located at 1850 SW Fountainview Blvd, Suite 201 in St. Lucie West or by email at boldrealestategroup@comcast.net  or Carlos direct number at (772) 224-9011 or Millie at (772) 224-1634  Visit  www.BoldRealEstateGroup.com or www.TheCascadesAtStLucieWest.com

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6 Tips for Choosing the Best Offer for Your Home

27 Apr

6 Tips for Choosing the Best Offer for Your Home

By: G. M. Filisko

Published: February 10, 2010

Have a plan for reviewing purchase offers so you don’t let the best slip through your fingers.

1. Understand the process

All offers are negotiable, as your agent will tell you. When you receive an offer, you can accept it, reject it, or respond by asking that terms be modified, which is called making a counteroffer.

2. Set baselines

Decide in advance what terms are most important to you. For instance, if price is most important, you may need to be flexible on your closing date. Or if you want certainty that the transaction won’t fall apart because the buyer can’t get a mortgage, require a prequalified or cash buyer.

3. Create an offer review process

If you think your home will receive multiple offers, work with your agent to establish a time frame during which buyers must submit offers. That gives your agent time to market your home to as many potential buyers as possible, and you time to review all the offers you receive.

4. Don’t take offers personally

Selling your home can be emotional. But it’s simply a business transaction, and you should treat it that way. If your agent tells you a buyer complained that your kitchen is horribly outdated, justifying a lowball offer, don’t be offended. Consider it a sign the buyer is interested and understand that those comments are a negotiating tactic. Negotiate in kind.

5. Review every term

Carefully evaluate all the terms of each offer. Price is important, but so are other terms. Is the buyer asking for property or fixtures—such as appliances, furniture, or window treatments—to be included in the sale that you plan to take with you?

Is the amount of earnest money the buyer proposes to deposit toward the downpayment sufficient? The lower the earnest money, the less painful it will be for the buyer to forfeit those funds by walking away from the purchase if problems arise.

Have the buyers attached a prequalification or pre-approval letter, which means they’ve already been approved for financing? Or does the offer include a financing or other contingency? If so, the buyers can walk away from the deal if they can’t get a mortgage, and they’ll take their earnest money back, too. Are you comfortable with that uncertainty?

Is the buyer asking you to make concessions, like covering some closing costs? Are you willing, and can you afford to do that? Does the buyer’s proposed closing date mesh with your timeline?

With each factor, ask yourself: Is this a deal breaker, or can I compromise to achieve my ultimate goal of closing the sale?

6. Be creative

If you’ve received an unacceptable offer through your agent, ask questions to determine what’s most important to the buyer and see if you can meet that need. You may learn the buyer has to move quickly. That may allow you to stand firm on price but offer to close quickly. The key to successfully negotiating the sale is to remain flexible.

G.M. Filisko is an attorney and award-winning writer who has survived several closings. 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.

6 Reasons to Reduce Your Home Price

27 Apr

6 Reasons to Reduce Your Home Price

By: G. M. Filisko

Published: March 19, 2010

While you’d like to get the best price for your home, consider our six reasons to reduce your home price.

These six signs may be telling you it’s time to lower your price.

1. You’re drawing few lookers

You get the most interest in your home right after you put it on the market because buyers want to catch a great new home before anybody else takes it. If your real estate agent reports there have been fewer buyers calling about and asking to tour your home than there have been for other homes in your area, that may be a sign buyers think it’s overpriced and are waiting for the price to fall before viewing it.

2. You’re drawing lots of lookers but have no offers

If you’ve had 30 sets of potential buyers come through your home and not a single one has made an offer, something is off. What are other agents telling your agent about your home? An overly high price may be discouraging buyers from making an offer.

3. Your home’s been on the market longer than similar homes

Ask your real estate agent about the average number of days it takes to sell a home in your market. If the answer is 30 and you’re pushing 45, your price may be affecting buyer interest. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. At least consider lowering your asking price.

4. You have a deadline

If you’ve got to sell soon because of a job transfer or you’ve already purchased another home, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend.

5. You can’t make upgrades

Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others.

6. The competition has changed

If weeks go by with no offers, continue to check out the competition. What have comparable homes sold for and what’s still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, consider a price reduction.

More from HouseLogic

How to ready your home for sale at little cost

How to review offers on your home

Other web resources

Setting the right price

More on setting the right price

G.M. Filisko is an attorney and award-winning writer who made strategic price reductions that led to the sale of a Wisconsin property. 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.

You’re Invited to Cascades Sunday Open House

26 Apr

SUNDAY- MAY 1st . OPEN HOUSE  1:00pm – 4:00pm

CASCADES PORT ST. LUCIE HOME REDUCED FOR QUICK SALE!

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

Call For Community Tour of Cascades at St. Lucie West (772) 224-1634 or (772) 224-9011

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!

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 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.  View thousands of listings  www.TheCascadesAtStLucieWest.com or www.BoldRealEstateGroup.com

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