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

 “As An Owner, How Do I Make The Decision To Sell Or Rent My Property?” Question By C.Y
Answer: There Are Many Factors That Will Determine If It’s Best For You To Sell Or Rent. Here Are A Couple To Assist. 1) Consult A Realtor On The Current Market Value Of Your Home, Is The Amount More Or Less Than You Owe On Your Mortgage? 2) Consult A Property Manager On…
What Your Property Would Realistically Rent For, Is The Potential Rental Income Sufficient To Cover Your Monthly Mortgage Payment? If You Are Leaning More To Selling, Have Your Realtor Provide You With A Sellers Proceed Worksheet, This Will Give You A Financial Snapshot To Determine If Your Can Afford To Sell. If You Are Leaning More To Renting, Compare The Pros & Cons Of Managing The Property Yourself Or Contracting A Property Management Company. For More Information On Selling Verse Renting 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

10.03.12 Question Of The Day

Question By C.Y; What Does HOA Mean, & What Is It?

In The World Of Real Estate “HOA” Stands For Homeowner’s Association. HOA Is The Governing Entity That Makes Sure Each Owner/Resident Of That Community Adheres To The Covenants & Restrictions For The Subdivision. Some HOA Charge A Fee (Montly, Quarterly Or Yearly)…The Amount Depends On What Services The HOA Provides, I.E Yard Maintenance, Club House Maintenance, Entrance Beautification Etc…If An Owner Should Refuse To Pay Their HOA Fees, The HOA Has The Power To Place A Lien On The Homeowner’s Property. For More Information On HOAs Please Call 850-877-2692

8.29.2012 – Real Estate Tip

Hurricane Helpful Tips

Hurricane Season Lasts Until November, Please Take Every Precautions To Be Safe & Protect Your Investments. Make Sure That Your Up To Date On Your Insurance Coverage & That You Have A Hurricane Rider Within Your Policy. Most Riders Have A 2% Deductible & Covers Replacement Cost Of Structure. Make Sure You Have An Up To Date List Of All Your Contains/Personal Belongings. Making A Home Video & Keeping It & Your Policy In A Fire/Water Proof Safe Is Highly Recommended. For More Information On Protecting Your Home Please Call 850-877-2692

7.11.12- Real Estate News; New Real Estate Office

Grand Opening Of Provision Realty LLC

Grand Opening Occurs This Weekend. If Your Are A First Time Home Buyer, Or Looking To Make Another Real Estate Investment, Come On Out On Saturday July 14th @ 5pm @ The FSU University Center Club..You Can Have Your Real Estate Questions Answered By Some Of The Best In The Field…In Attendance Will Be Realtors, Lenders, Title Agents, Contractors, Appraisers, Builders & MoreTo Answer Your Questions And Can Set Up One-On-Ones For A More Personal Evaluation. For More Information On Provision Realty Please Call 850-877-2692