Archive for the ‘Find Homes For Sale In Spring Hill’ Category

Taking The Stress Out Of Real Estate

Beating Competitors When Multiple Offers Surface On Spring Hill FL Real Estate Listings

Part of the recovery in Spring Hill FL real estate scene is the increasing likelihood of multiple offers on a listed property. This is every seller’s dream— but if you are one of the bidders, it’s important that you don’t allow it to become your nightmare.

There is one way— the only sure way—to keep the specter of competing Spring Hill FL multiple offers from upsetting your home buying prospects. Summed up in one word, it’s “preparation.”

Preparation starts with assembling a strong financial package. If your target property attracts multiple offers, you want yours to stand out. By the time you learn that other offers are at hand, it’s probably already too late to begin putting together documents—they should be in hand before you even identify a property. Getting pre-approval for your loan in Hernando County, having a letter that says so, and being able to show you have funds available can be persuasive. E Loans Mortgage is a local lender in Hernando County and can help by going even a step further and give you a full underwriting approval. Having that in hand shows a seller or asset manager that you mean business. Believe it or not this in itself can be the difference in getting the deal or not.

When it comes to making the offer itself, although including “Subject to” clauses will protect you from unforeseen problems with the property, when multiple offers are on the table, the fewer contingencies the better. Again, only preparation will make this reasonable. If you’ve had an advance home inspection, and also made sure that there aren’t any right-of-way or easement issues, your offer can be significantly more attractive.

Personal preparation can be another positive. Visiting the property on several occasions at different times of the day should give you added confidence for what the home is truly worth to you…and when the listing agent and owner can put a face to your offer, it tends to strengthen its validity.

When multiple offers on a Spring Hill FL property occur, it’s possible that someone is going to bid more than the home is really worth. If you’ve done thorough research and know precisely what its value is in today’s market, that won’t be you. Having your bottom line number unshakably in mind means that in any bidding war, you’ll be able to sweeten your offer without hesitation. You can be creative, perhaps by offering to reduce the seller’s costs by picking up escrow fees, transfer fees or title policies; perhaps by offering the seller a few additional days to move without seeking financial compensation in return; perhaps by increasing the down payment or earnest money. When you know your bottom line, the arithmetic is uncomplicated (and your less-prepared competitors are more likely to throw up their hands!)

And then…should the bidding go over what you know it’s worth, you’ll be ready to walk away. There will be other properties to bid for – and we are always here to help keep all your options open!

‘Twas the night before closing on one Christmas Eve,

Package was expected, an early delivery it was believed

Soon next day broke and the title agent appeared, no closing docs on email just as she feared.

Back at the apartment the silence was broken, with a frantic call from Nicole- What? No docs are you joking?

The children still sleeping, quiet in bed, while mom and dad prayed for their docs to get prepped.

Where is Steve Fingerman? Asked the Realtor with fear? When do you think he might appear? And just then he rode in on a horse with white hair.

With docs in the saddle and no time to waste, he broke through the door at that bustling title place.

As he dismounted his steed, as he fell off the horse, a little bit shaken but alas off the ground he arose.

On buyer, on seller, on Realtors galore. They all appeared in hopes that this closing wouldn’t be such a chore.

With no time to waste he took off his cloak, and out came the docs they waited to get since they all had awoke.

Closing went well and funding was swift, all in time to move in really quick.

Another happy buyer moved in and a seller moved on, all is Merry and happy on this Christmas dawn!

From the team at:

E Loans Mortgage

Steve Fingerman
President
E Loans Mortgage Inc.
NMLS #856640
www.e-loanmortgage.com

Cell 727-946-0904
Office 352-688-7949

Spring Hill Florida Bank Owned

Homes: Buying Opportunity

“Fixers” Reward Patience, Prudence, and Realism

These days the words “bank owned homes” have become practically synonymous with a single word: “opportunity.” With prices and mortgage rates this low, first time home buyers, investors and seasoned property owners alike are looking at a raft of buying options unlike any Spring Hill Florida has seen in a very long time.

Hernando County Real Estate

That option of buying a bank owned home has certainly opened a viable route for those looking to own a home at the fraction of what it cost just a few years ago. But not without a price: the best Spring Hill Florida bank owned home bargains are almost certain to fall into the ‘fixer-upper’ category.

When considering the purchase of one of our Spring Hill Florida bank owned homes, I’ve found that my most successful clients have a few qualities in common:

– patience – they wait until they’ve found a house that suits all their needs

– prudence – they resist the temptation to take out too big of a loan

– realism – they know how much hard work they will be willing to put into the house

Finding the right fixer-upper should be approached as a process: in other words, never buy the first home you see until after you’ve checked out some of its competition. There are more foreclosures on the market than ever – a phenomenon that works to your advantage. When you do find the right home, make sure to take out a loan that makes sense. Often people who are in a hurry to buy a house are tempted to take out a loan without giving enough consideration to its immediate and long-term implications. Being coolly realistic as you work out the numbers will pay off for a long time.

Once a bank owned home is officially yours, the hard (often fun!) work begins. Buying a home in need of repair has always been the surest way to find a deal, but it is also the way to improve or develop home maintenance skills, bond with family members, and keep a tight rein on the family budget. Here, too, you need to be careful not to get carried away– you don’t want to overbuild or overdevelop beyond what is appropriate for the neighborhood setting. In other words, keep your end goals in mind. My advice to clients varies depending on their individual needs: Is it an income property? Or the family home for the next 15 years?

Foreclosures show no signs of slowing down in the near future, so this May’s buying market is opportune. If you’re considering buying a bank owned home in Spring Hill Florida, call me today to go over your options and to put a plan into action!

Tina Fingerman:

Professional Realtor

Agent Trust Realty

727-946-2348

Steve Fingerman:

President

E Loans Mortgage

NMLS # 276682

727-946-0904

Spring Hill FL Owner Financing: Good Deal or Not A Good Deal?

Housing Affordability at All-Time Highs

Spring Hill FL For Sale by Owner Pros & Cons

Bear with me on these numbers: they are meaningful to Spring Hill Florida home buyers and sellers alike. One of the most meaningful calculations The National Association of Realtors®makes is the Housing Affordability Index. An Index value of 100 means that the average (actually, ‘median’) family’s income is exactly the right amount to qualify for a typical 20% down mortgage on a median-priced home. It would be tight, but doable.

That’s what a “100” means. In the latest report this spring, the Index across the whole country was higher than 200! … 204.3, to be precise. Up there in “never-before” territory. And it’s been there since January!

Yet banks are still not lining up to approve mortgages – for the number of reasons we’ve talked about before. It’s why some buyers and sellers have started to look for alternative ways to sell and buy a home; and begun to look in the “for sale by owner” (“FSBO”) realm.

Spring Hill Florida homes for sale by owner aren’t being sold through a licensed agent, forcing a potential buyer or his agent to deal with the seller directly. If the home has sat on the market for an extended period and the homeowner does not have a mortgage to pay off, a buyer can sometimes interest the seller in owner self-financing. In such a deal, the buyer gives his or her down payment and installment payments directly to the seller. As anyone would guess, this approach has its own special Pros and Cons.

The biggest Pro for the buyer is, obviously, easier financing. The biggest Pro for a seller is the potential to make a sale where none was possible before. As can be inferred from the Affordability Index, many people can afford a mortgage, but cannot find a traditional lender.

But speaking of problems, there are some ‘Cons’ to consider. If the buyer stops making payments, the seller must evict and foreclose on the property — both time-consuming and costly procedures. A For Sale by Owner financing deal gone sour is especially problematic if the seller is dependent on the income from the home. And buyers need to pay attention, too. When dealing with a For Sale by Owner transaction, there are a variety of potential legal loopholes and title issues that traditional sale and mortgage disclosures and contracts are specifically set up to avoid.In all cases, it is wise to consult a trusted financial professional and attorney before signing anything.

While a home listed For Sale by Owner with attractive terms (like owner financing) can be attractive, having a licensed real estate and mortgage professional on your side can make all the difference.If you are considering buying or selling in Spring Hill Florida, we are always here to be your real estate resource!

Steve & Tina Fingerman

Agent Trust Realty

E Loans Mortgage

4117 Mariner Blvd.

Spring Hill FL, 34609

Tina: 727-946-2348

Steve: 727-946-0904

Thank You Channel 10 News For Continued Coverage. FAIR is commited To Bringing Balanced Reform For Florida Home Owners. For Information On Joining The Class Action Please Click On the Citizens Class Action LawSuit Button At The Top Of The Screen.

E Loans Mortgage In Spring Hill FL, and Steve Fingerman will continue to fight for Florida Home Owners To Keep Home Ownership In Florida, I Proud To Be A Part Of This Action And Committed To Keeping Home Ownership In Hernando County and The Surrounding Tampa Bay Area Affordable.

Please Subscribe To The Right And Forward This Site To Your Friends Using The Buttons Below.

The 10 News Investigators have learned the group suing Citizens Insurance over its insurance practices will file more lawsuits Monday.

We’ve learned that group — FAIR — will be filing class-action lawsuits against private insurance companies Monday.

Those suits will go along with the cases they’ve already begun against Citizens.

The 10 News Investigators have been leading the way on this. Following reports by 10 News last fall, allegations surfaced.

The claims: insurance companies statewide are setting the replacement costs of some homes extraordinarily high — much higher than they should be.

That means the companies can charge you more to insure your house. The technique lets them make more money and dodge state laws that limit how much they can raise your rates.

That practice is what led the group FAIR — Florida Association for Insurance Reform — to the steps of the state Capitol last week.

FAIR announced it’s suing Citizens Insurance over the issue. Citizens is run by the state and backed up by Florida taxpayers.

PREVIOUS COVERAGE:

• Citizens Insurance not only company under fire; more suits to be filed Monday
• Private companies could be inflating replacement values too
• Citizens reverses controversial policies after 10 News reports
• Sen. Mike Fasano criticizes Citizens’ replacement value policies

On February 7, 2012 FAIR announced a Class Action Lawsuit against Citizens Property Insurance. Attorney Mark Beausoleil, FAIR Regional Director David Welch, Steve Fingerman Board Member and President E Loans Mortgage Inc and Senator Mike Fasano, Announce FAIR’s Lawsuit against Citizens Property Insurance for their practices of inflating Replacement Cost Values and Overcharging Florida Consumers. Florida Association Of Insurance Reform Announced on Feb 7, 2012 A Class Action Lawsuit Brought Against Citizens Insurance by It’s Policy Holders at The Capital Building In Tallahassee

Do You Know What is NOT Covered in Your Home Owners Insurance Policy?

You Might be Surprised

In recent years, insurance carriers in Florida have added many exclusions to property insurance policies, with little oversight or public debate. These exclusions are drafted into policy leaving consumers with less coverage for the same (if not higher) premium.

Because many policyholders rarely read every word of their large and complex policies, they may not even be aware of what is NOT covered. Since policyholders are unable to negotiate policy language, they are left with a choice of accepting the changes, purchasing new endorsements or seeking a different carrier.

Examples of common policy exclusions include:

Eliminating Your Rights to Appraisal – For 200 years, policies have included the binding appraisal process to settle disputes between insurance companies and the insured over amount of loss or value of damaged property. Many insurers are restricting or eliminating this provision, which provides important consumer protections.

Giving You a Sinking Feeling – Many policies no longer cover damage from sinkholes unless the sinkholes are deemed “catastrophic,” usually meaning large and sudden. But slowly occurring sinkholes can cause catastrophic damage to a home and its value. Damage can run into the hundreds of thousands, often more than the value of the home, leaving many homeowners with no other choice than to walk away from their mortgages.

Requiring You to See Through Walls – Most insurance claims deal with water damage, often stemming from damage behind walls or under slabs that doesn’t become noticeable for weeks or months. Citizens and other insurance companies now deny claims for leakage occurring over more than 14 days, even if it is hidden from sight. In fact, Citizens has just announced plans to further expand its water exclusion.

Eliminating Coverage for Mold – Where there is water damage mold often forms. Though it is recommended that water be removed and damaged areas dried within 48-72 hours, company insurance adjusters often are unable to visit the home within that time. No matter the reason, if mold forms, most companies will no longer cover the cost of its removal.

Leaving Screened Structures Uncovered – Popular in Florida, screened enclosures used to be covered under most homeowner insurance policies. Many carriers have now added exclusions that remove screened structures from coverage.

Re-Defining “Falling Objects” – Typically, damage from falling objects in a home or condo (such as floor damage from a falling light fixture or fan) is covered. Citizens’ new condo policy, however, only covers such damage if the falling objects come down from the sky through your roof or walls. Great coverage for meteorites, but little else.

Join FAIR BY CLICKING HERE



Agent Trust Realty In Spring Hill FL Can Help You Find The Perfect Home



Welcome to Hernando County MLS Search. Please feel free to use our web site to Search The MLS in Hernando County. You can also use the Search Options for MLS Search in Spring Hill Florida as well Search MLS Listings in Pasco, Pinellas and the surrounding Areas. You Do NOT have to sign up for anything, nor do you have to put in any personal information. I hope you enjoy searching the MLS, and if you have any questions on any listing please do not hesitate to contact me directly at   727-946-2348. This Web Site will allow you to search all Homes For Sale in Spring Hill Florida, including Spring Hill Foreclosure Listings, Short Sale Listings in Hernando County and everything in between. I Look forward to being your Real Estate Agent in Spring Hill.
 
About Tina Fingerman

People don’t talk about it a lot. But finding the right real estate agent in Spring Hill Florida can be the difference between a happy, stress-free home buying or selling experience, and an unhappy, stressful experience. First, you’ll want an agent ready and able to make a full-time commitment to you. Rest Assured that Tina Fingerman is that Agent. Second, for all of your needs you’ll want a Realtor with the experience needed to know the local Spring Hill Florida Real Estate Market, neighborhoods, schools, market conditions, ordinances, etc. With her years of experience in the local market – Tina has have the expertise and track record of success you need. Third, you’ll want to Finda a  Realtor in Spring Hill who embraces the convenience of technology without losing the personal touch.

You’ll love the resources available here on Hernando County MLS Search and the e-mail alerts that I send, but these will never replace the time I spend with you, serving as your personal guide through this exciting process of Purchasing Real Estate in Hernando County as well as the surrounding Tampa Bay Real Estate areas. If you are looking for an expert Realtor who can negotiate your transaction to make sure you get the best possible deal on your Real Estate Purchase in Spring Hill then look no further Tina Fingerman is the right Realtor for you. Her years of experience and extensive knowledge about the Spring Hill Real Estate Market will make sure you get the best possible price on your transaction weather you are buying or selling. Check out our site, and feel free to peform all your Hernando County MLS Search on here. If you have any questions on any property you see,  please  at your convenience at 727-946-2348. You can also email Tina Fingerman.