Tag Archives: Port St. Lucie Homes

Cascades Port St Lucie Best Homes For Sale

1 Oct

Cascades Best Homes For Sale

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 real estate architecture and beautifully manicured grounds.

The Cascades private community 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 local Cascades community real estate specialists Carlos J. Gil and Millie Gil for a complimentary tour of your dream home.  Your best investment opportunity is at The Cascades! Short Sales, Foreclosures and Rentals available. Single family homes in the low $100’s

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 Bold Real Estate Group build a remarkable track record of delivering results.

Whether you are an experienced investor or a first time buyer,  Bold Real Estate Group can help you in finding the property of your dreams. Please feel free to browse our website or let us guide you every step of the way by calling or e-mailing Bold Real Estate Group to set up an appointment today.  Take a minute and browse our website, we’re sure you’ll find the right fit.

Concierge Real Estate Services: 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.

Senior Care Options:  Port St. Lucie area – Abingdon at Tradition, Vero Beach area – The Lakes at Pointe West,  Melbourne area  – Viera Retirement at Watersong,  Myrtle Beach area – Brightwater

CLICK HERE & SUBSCRIBE TO CASCADES BLOG

St Lucie County Property Appraiser

St Lucie County Tax Estimator

St Lucie County Chamber of Commerce

City of Port St Lucie

St Lucie County Clerk of Circuit Court

Mortgage Calculator


Click here & search our exclusive database of Florida homes for sale or Rent

MLS# R3012210
Bedrooms: 2
Bathrooms: 2
Square Ft: 1065
(Mapped)
Price: $129,700
Very well maintained 2/2/2 with den/3rd bedroom in the 55+ community of The Cascades. Screened lanai …
MLS# R3176951
Bedrooms: 3
Bathrooms: 2
Square Ft: 1526
(Mapped)
Price: $129,900
WATERFORD MODEL LOCATED IN UPSCALE 55+COMMUNITY HOME FEATURES GRANITE COUNT …
MLS# R3204542
Bedrooms: 2
Bathrooms: 2
Square Ft: 1650
(Mapped)
Price: $135,000
this is a beutiful lalique model. the 3rd bedroom is set up as a den. upgrades on this home include …
MLS# R2915531
Bedrooms: 3
Bathrooms: 2
Square Ft: 1507
(Mapped)
Price: $137,000
Beautiful Cascades 55+ community. Two bedroom two bath plus den/office, enclosed lanai, paver patio, …
MLS# R3170526
Bedrooms: 3
Bathrooms: 2
Square Ft: 1526
(Mapped)
Price: $149,000
THIS IS NOT A SHORT SALE!! BEAUTIFUL 2CG/3 BDRM/2 BTH SINGLE FAMILY HOME WI …
MLS# R3207218
Bedrooms: 3
Bathrooms: 2
Square Ft: 1650
(Mapped)
Price: $169,800
This lovely Lalique is in move in condition and situated on a lake, where you can enjoy peaceful vie …
MLS# R3227760
Bedrooms: 3
Bathrooms: 2
Square Ft: 1526
(Mapped)
Price: $169,900
Like new Waterford with upgraded kitchen and tile floors, extended screened and tiled Lanai.Communit …
MLS# R3178066
Bedrooms: 2
Bathrooms: 2
Square Ft: 1650
(Mapped)
Price: $169,900
One of the best Waterfords at the Cascades. Numerous upgrades include granite counters and backsplas …
MLS# R3213750
Bedrooms: 2
Bathrooms: 2
Square Ft: 1650
[ Prev ] | 1 | 2 | 3 | [ Next ] Results per page.

The content relating to real estate for sale on this web site comes in part from the IDX program of the Regional Multiple Listing Service, Inc. Listing content is © 2011 Palm Beach Regional. This information is not verified for authenticity or accuracy and is not guaranteed. The information provided is for consumers. personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. This information was last updated as of date specified below. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Please contact Bold Real Estate Group directly for additional information pertaining to the status and availability of properties displayed on this website. Data last updated Friday, September 30th, 2011.

Data services provided by IDX Broker
Advertisements

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

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 Allure of Walkable Neighborhoods

29 Aug

The Allure of Walkable Neighborhoods.  In suburbia there are rows and rows of little white identical houses and neat cul-de-sacs surrounded by grass and space in complete isolation.  For many this sounds like a dream come true and the complete opposite from the concrete city scapes but for other residents this type of planned development becomes a liability for social, economic and sustainable living.

More and more urban planners are dedicating new approaches to functionality, sustainability and family friendly Walkable Neighborhoods.  The inviting character of any accommodating neighborhood impacts every resident in numerous ways.

Considering today’s common residential concerns choosing a walkable neighborhood can be advantageous to your waistline and your wallet.

Just think – a neighborhood with multiple destinations including clusters of grocery stores, banks, family parks, schools, daycare centers, pedestrian and pet trails, bus stops and all pertinent avenues to foster mixed-used development and less costs.  How about less reasons to start up the car, go get gas and begin your lengthy ride to your next destination. These communities give consumers a wide range of choices including a more robust and diverse daily life.

Many reports that have been developed on the science and art of walkable neighborhoods echo the same sentiment; healthier lifestyles coincide with mixed-use communities. More parents will walk their children to school, spend less, economize and use public transportation more.

The benefit of nearby destinations encourages residents out of the home to interact with neighbors thus there’s a decrease of crime, a heightened awareness of whom is living in your neighborhood and a direct correlation to the quality of longer life for seniors.

Walkable neighborhoods are nothing new.  Our parents sent us to the neighborhood store to pick up some sugar, eggs and milk as we passed by our neighbors chatting away on their front porch.  Then along came the challenges of traffic, crime, more personal property full of grass and less sidewalks and there went the decline of our walkable communities.  But these characteristics are becoming the newest trend once again.

The attractiveness of convenience is appealing to all age and socio-economic groups.

•    Streetscaping for schools provide safer walkways with maximum sight distances.
•    Roadways engineered with newer designs provide better designations for speed limits, intersections and raised crossings.
•    Calmer vehicular traffic with safe routes for children, seniors, bicycling and walking.

•    Eliminate car crashes and the potential of vehicle conflicts by introducing longer driveways, wider sidewalks and drop-off points.

•    The introduction of more ramps, alternative curbs and heights and lower signals at intersections to accommodate disabled adults.

Every city in every state has a walkable neighborhood and as more developers embrace the thought of providing much more than just “another white picket fence” home buyers are embracing the thought of active living in functional communities.

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

Preparing Home for the Elderly

29 Aug

Preparing Home for the Elderly. Preparing your home for elderly family members and guests will help you avoid costly hazards and many modifications to your home will increase the market value. While there are a few additions you’ll have to scrutinize for budget-busting construction cost, preparing your home for the elderly can also be very budget friendly.

Any changes or minor improvements you make to your house on their behalf now can help you “age in place” and live more independently as the years go by. But don’t succumb to major transformations as its really not necessary; any general construction can be traumatic; a myriad of decisions, contractors, delays, and of course finances to fund these changes can turn a simple project into a complicated subject. A few practical considerations to eliminate a hazardous environment is all you need.

Keep in mind, there are elements that any elderly individual can benefit from and then there are over-the-top traps that contractors will have you consider but you won’t necessarily need. We’ve compiled a list of items you can embrace without spending a dime and then a few others that still won’t break the bank.

Here are some tips on necessary modifications for the elderly.

1.    Check the paths to and from your home to ensure there are no hazards waiting to trip on. Falls are the number-one cause of injury to elderly people. Check sidewalk cracks, loose steps and shaky railings. And all of these things can easily be remedied by visiting your local neighborhood hardware store. Can a walker or wheelchair easily fit through your door? Also, examine chair legs and stairs and remove throw rugs during your elderly visitor’s stay.

2.    Give extra attention to the bathroom, where most falls occur. Porcelain is unforgiving to elderly bodies so replace no-slip mats inside the bath and shower if they’re loose. Check that bath mats or rugs outside the bath/shower area to make sure they have non-skid backing. You can purchase grab bars for inside the bath and shower for as little as $50, but check that the label states the bar meets the Americans with Disabilities Act guidelines for safety.

3.    Review your lighting in stairways and hallways, two very dangerous areas for aging eyes.

4.    Take into consideration any mobility limits your elderly guest may have and plan ahead. Be sure their room is close to a bathroom. If they use a wheelchair or walker, the doorways to their room and the bathroom should be wide enough. Rather than remodeling door frames, some experts suggest installing doors with swing-clear hinges, which can add an extra inch or two of space.

A good plan can help transform any home into an elderly-friendly homestead without hiring expensive contractors.  You know what works best in any home?  Less is more and it’s better because it always eliminates vulnerability.

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

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.

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

%d bloggers like this: