Real Estate Question

Question Of The Day By G.K; “If A Property Says “As-Is” & No Disclosure, Should I Not Proceed?”

Answer: “As-Is” Is A Term Typically Used In Today’s Market When Dealing With Short Sales & Forclosure Properties. When It Also States No Disclosure, It Is Safe To Assume That The Owners Are No Longer Involved, And Since The Bank Is An Entity, They Cannot Advise On The Condition Of The Property. “As-Is” Is Not A Bad Thing Because You Still Get Your “Due Diligence” Time Period Under The Contract To Have A Professional Home Inspector Examine The Home; Then, You Can Determine If You Would Still Like To Proceed After The Inspection Report Without Any Penalty. If You Have Any Other Questions On As-Is Properties Please Call 850-877-2692

Real Estate Question Of The Day

Question Of The Day By R.B; “Is It Normal Practice For A Seller To Ask For Extra Money For Themselves To Extend A Contract Closing Date?”

Answer: If A Buyer Is Requesting An Extension To Close For Reasons Beyond Their Control, The Buyers Agent Should Submit An Addendum Requesting Additional Time Based On Specified Reason(s) And For A Reasonable Amount Of Time. It Is Normal Practice For A Seller To Request That The Buyer Pay Additional Escrow/Binder Deposit, Which Will Be Forfeited To The Selle If Buyer Does Not Close. It Is Not Standard Practice To Pay A Seller Directly. For More Information On Addendums Please Call 850-877-2692

10.31.2012 – Real Estate Question

Question By E.P..”An Owner Would Like For Me to Put Down 1st, Last & A Large Deposit To Buy His Home, Is That Normal?”

…Answer: This Scenario Seems To Be A Lease Purchase. The Owner Is Asking You To Put Down A Significant Amount And Will Use That Amount To Be Used As Your Binder Deposit. If You Do Not Close On The Home By The Agreed Upon Date You Will Be In Breech Of Contract & Forfeit Your Binder Deposit. For More Information On Lease Purchases Please Call 850-877-2692

10.24.2012 – Real Estate News

The Tallahassee Lender’s Consortium (TLC) Has Expanded Their Services To Wakulla, Gadsden, Jefferson, & Madison Counties. Thanks To Funding Received From NeighborWorks America, TLC Expanded Its Services And Reach In Jan 2012 By Establishing Satellire Offices In Each Of These Four Counties And Is Providing Free Housing Sevices To Low-Income Families. The Grant Is Part Of $3.65 Million In Expansion Grant Funding Awared To TLC & Other Local Members Of The NeighborWorks Network By NeighborWorks America. Services Include Pre-Purchase Counseling, Credit Counseling, Budgeting, & Homebuyer Education. For More Information Please Call 850-877-2692 Or Visit www.tallahasseelenders.org

9.19.2012: Question Of The Day

What Internet Site’s Are The Best For Me To Seach For Homes For Sale?

The Top Recommended Internet Search Sites For Homes For Sale Are 1). www.realtor.com & 2) www.homesandland.com.. Mainly Because These Sites Feeds Directly To The MLS(Multiple Listing System), Where Realtors Upload All There Current Listings. For More Information On Current Properties For Sale Please Call 850-877-2692

9.12.2012 – Buyer’s Tip

AUCTIONS:

Are You A Ready An Able Buyer But Property Prices Just Seems To Be A Little Bit Out Of Your Reach? Well, On Sept 25, Tallahassee Will Host An Auction On Properties Ranging From Single Family Homes To Condos To Raw Land. Be Apart By Attending The 3rd Quarter Bank Auction To Be Hosted At Homewood Suites @ 11am..For More Information On How To Submit A Bid, View The Properties, Or To Get A List Of The Properties To Be Auctioned Emailed To You Please Call 850-877-2692 or email nspence@myprovisionhomes.com

8.22.2012 – Buyer’s Tip

Pre-Qualification Vs Pre-Approval

In Today’s Market Seller’s Are Requesting The Buyer’s Submit A Pre-Qualification Or Pre-Approval Letter With All Contract Offers, In Some Cases Prior To Viewing Their Home. A Pre-qualification Letter Is An Informal Estimate What A Buyer Can Afford. Typically Based On A Conversation, It’s Fast, Free To The Buyer & It’s Noncommittal On The Part Of The Lender. A Pre-Approval Indicates The Approval Of A Formal Loan Application Based On Verfied Information Including Pay Stubs, W-2s & A Credit Report. For More Information On Qualifying For A Home, Please Call 850-877-2692

8.8.2012 – Buyer’s Tip: Seller’s Property Disclosure

What To Look For!

When Examining A Home & Considering Making An Offer, There Are 2 Major Things To Make Sure That The Life Expectancy Exceeds 2 Years; Roof & HVAC System. These Two Components Plays A Major Factor In Purchase Price & Insurance Coverage. Buyers Are Encouraged To Review The Seller’s Property Disclosure Thoroughly. This Report Is Free & Gives Much Needed Information On The Home Before Official Reports Are Ordered. For More Information On Seller’s Property Disclosure Reports Please Call 850-877-2692

8.1.12 – Buyer’s Tip; Making An Offer

Presenting Your Strongest & Best Offer On A Home The First Time Is Always The Best Route.

Ask Your Realtor To Do A Comparative Market Analysis On The Home You Would Like To Purchase; This Way You Can Make A Fair & Educated Offer. Using This Method Will Show The Seller That You Are Serious, And Not Willing To Overpay. For More Information On Making An Offer, Please Call 850-877-2692

7.25.12 – Real Estate Question Of The Day By D.R

What Does PITI Mean?

Answer: In The World Of Real Esate The Acronym For PITI Means ” Principal. Interest.Taxes & Insurance” PITI Makes Up Your Total Monthly Mortgage Payments. Your Taxes & Insurance (PI) Are Typically Escrowed For You And Paid Annually By Your Lienholder Or Bank…For More Information On Escrow Payments Please Call 850-877-2692