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Thursday, July 19, 2012
3026 CREOLE WAY, PENSACOLA, FL
Friday, June 29, 2012
How to survive a short Sale
"Ok, so I understand what a short sale is, but what does that mean to me?"
Let's start with our sellers out there who are unable to make their payments, or are maybe very close to that point. Well, if you are the homeowner who is faced with inability to pay your mortgage, then keep in mind...there is hope. You just need to get some good advice and move forward, so as to avoid a foreclosure. Don't wait. Time is not on your side. You need to sit down with an agent, or a real estate attorney, so you can make the best desision.
"Well, Skip, I am not having a problem making my mortgage, and I owe less than my home is worth, so this doesn't affect me, right?" Wrong! If a home in your neighborhood is sold as a short sale or a foreclosure, your value WILL be affected. This means less money in your pocket when you decide to sell. If you don't plan on selling, and you purchased your home more than five years ago, then I have to agree--you are only losing money on paper, and hey, your tax bill will just look better.
"Hey wait, Skip, I am a buyer on the market, and I have noticed there are a lot of short sales on the market. They seem to be priced really good." Just keep in mind that a large percentage of these homes have not been approved by the lender. Let's insert an example here to clear this up a bit. Let's go back to our example, the seller has a home that they owe $100,000 and it will only appraise for $85,000. Now let's just say our sellers have put this home on the market and they are asking $86,500 for it, and you go look at it and fall in love...it is the best home you have seen in your price range, so you make an offer for $85,000. The sellers sign the offer, and the sellers' agent sends it off to the bank for their approval. Much to your disapointment, a few weeks later the bank has countered your offer at $89,300. "Skip....What?...they were only asking $86,500 to begin with!" Ahh, yes...the SELLERS were only asking the $86,500, but they had not yet received the approval from their lender, so the lender is now in the driver's seat and they have countered your offer. "Wait, Skip, you said the home would only appraise for $85,000." Yes, and you can still counter the offer the bank sent to you and include a Current Market Analsis, or CMA, along with your offer to get them to reconsider your offer. This will sometimes work as long as you don't need to get into a home in the next 30 or 45 days. The process will usually take a couple of months from start to finish, then add on the usual 30 or so days to close. Also, keep in mind there are some short sales that are much longer. You can stipulate in your purchase contract you are only going to give the lender a specific time frame to close, and if it goes any longer you will be released from you obligation to purchase. Let's insert a video to illistrate my point.
"So, should or shouldn't I buy a short sale home?" The answer is yes...no...well, maybe! Talk to a Realtor, and they can give you the best advice that will fit your unique situation.
Tuesday, June 26, 2012
If real estate was a candy bar it would be a...
Just Listed...500 Turnberry
Great, New Listing in Turnberry Subdivision!
Courtesy:
SKIP GEISER
Main Street Properties, Inc.
Licensed In:
Florida
500 TURNBERRY RD
CANTONMENT, FL 32533
Bedrooms: 4
Bathrooms : 2 (2 full)
List Price: $155,000
Living Area Approx : 2194
Great, New Listing in Turnberry Subdivision~~where it`s often difficult to find a home for sale! Take a look at this home, ready for its new family! There is plenty of room to spread out in this almost 2,200 square foot home! This four-bedroom home has the versatility that is needed, and the front bedroom has vaulted ceilings and a gorgeous arched window that makes it perfect for an office! Each of the four bedrooms are generously-sized as well. The master suite is the perfect place to relax after a long day! The master bedroom is large with plenty of room for all of your furniture (and more)! The master bath has a upgraded, high end garden whirlpool tub for that end-of-the-day relaxing soak! There is also a separate shower and a double vanity for convenience! The floor plan is inviting and functional. With two dining areas, this home makes entertaining a breeze. The kitchen is warm and has a modern feel--pleasing even the choosiest of chefs. The back yard has a nice, open deck great for those summer BBQ`s, and the back yard is privacy-fenced, making a great place for the kids or pets to play! The home has a sprinkler system (on a well) making lawn maintenance a breeze, and the large, corner lot gives great curb appeal. The side-entry two-car garage makes parking a cinch, and the security system gives peace of mind! There`s so much that this home has to offer~~along with the convenient location, it`s hard to beat! Make an appointment today to get the ball rolling on making it yours!
Feature List:
MLS#: 428401
PropertyType: Residential
PropertySubtype: Single Family Detached
Lot Size: 0.32 acres
Appliances: Dishwasher, Garbage Disposer, Microwave
ArchitectureStyle: New Traditional
IsNewConstruction: No
ParkingTypes: Garage
Monday, June 25, 2012
Just Listed...4991 Bellview Ave
Make this your new home! As
Courtesy:
SKIP GEISER
Main Street Properties, Inc.
Licensed In:
Florida
4991 BELLVIEW AVE
PENSACOLA, FL 32526
Bedrooms: 3
Bathrooms : 2 (2 full)
List Price: $120,000
Living Area Approx : 1676
Make this your new home! As you walk through this home, you will quickly decide that this is the home you`ve been looking for! Very modern and tastefully decorated, you will be proud to call this one yours! Walking in, you will notice the light and bright feel making for a very pleasant atmosphere. The floor plan is very versatile and functional and flows well, and makes entertaining a breeze! There have been many updates and upgrades to this home that will make home ownership carefree! Take a look at the pictures to see the quality of lifestyle that this home affords! The location of the home is very convenient as well. It is within walking distance to school, and is very close to eating and shopping. Note the great features you will enjoy once this home becomes yours! Newer heat pump (9/11)~~newer appliances (including a smooth-top convection range)~~Two pantries in the kitchen for easy organization~~great built-in nooks to display your prized possessions~~cozy fireplace~~whirlpool tub in master bath (plus separate shower)~~large, privacy fenced back yard~~open patio great for BBQ`s~~two-car garage for easy parking~~great curb appeal~~plus so much more! Take a look at this home today, and let`s get started on getting you in your new home!
Feature List:
MLS#: 428399
PropertyType: Residential
PropertySubtype: Single Family Detached
Lot Size: 0.23 acres
Appliances: Dishwasher, Garbage Disposer
ArchitectureStyle: New Traditional
IsNewConstruction: No
ParkingTypes: Garage
Thursday, June 21, 2012
Tips to help you sell your home...But don't take my word for it!
1.) Let's start with pricing....
2.) Condition and Staging....
These videos give us a great starting point to work from. As you may have noticed we started with price and condition and then moved into the area of items that will help your home sell with the least amount of days on the market. I know that every home is unique and require specialized attention when going into the selling process. Let us use our experience to help you sell your home.
Skip Geiser
Wednesday, June 20, 2012
First Time Home Buyers...Stepping Stone or Home of my Dreams?
As I look at homes with first time home buyers I find that usually the expectation is set at the home of our dreams.
Let's meet these first time home buyers...I usually find they are a young couple who have a child and are thinking they will be having more. They may even be thinking mom may be staying home to raise the children. As they drive up, our young first time home buyers get out of a three month old minivan, still equipped with that "new car" smell. Our young couple tells me they are looking at some where around the 2000 square foot range and they will have to have four bedrooms with a big back yard.
Keep in mind real estate is usually the largest investments you will ever make, so planning and consulting is a great move before you purchase. In our example above we find that this young couple is "ready" to take the next big step...buy a home! As I step back and look I can see we need to asses our goals and sharpen our view to keep the final goal in mind..."The dream home". Every long journey starts with a step and sometimes there are a lot of steps on our journey. Here is where there seems to come disappointment in the eyes of our young couple, though there need not be. They find they need to back down to that 2 bed 2 bath home and make it a stepping stone on the road to that dream house on the lake. A few points we mentioned earlier, they really want to have mom stay home and raise the kiddos so there may soon be a loss of income, getting into a big mortgage is very likely to kill that dream. They have also already obligated themselves to a "new car smell" payment. This in and of itself my not be a bad thing but you must keep your dept to income ratio in check, ie enough money at the end of the month to meet your obligations and still have money for the grocery store.
So Skip what are you saying they can't have their dream home? No, not at all...they just have to wait a little bit so they can save up and maybe even use the equity they are gaining in the starter home to step up to a little bit better home in a few years. Knowledge is the key...So if you are a first time home buyer or maybe just stepping up give me a call, lets take the next step together!
