Archive for the ‘Hernando County Real Estate’ Category

postheadericon My Sinkhole Was Underpinned, Now What?

Recently homeowners in Spring Hill Florida who owned a home that was a repaired sinkhole in Hernando County got quite a surprise when they received a letter in the mail from the Hernando County Property Appraiser telling them their home was going to be re-classified to be considered unrepaired. sinkhole-1This letter went out to a total of 84 homeowners in Hernando County and caused quite a stir. The letter undoubtedly was prompted by the huge sinkhole which opened up in Lake Padgett Estates in Land O Lakes, and seems to be a knee jerk reaction to that event. As one can imagine letter caused a great deal of commotion and backlash, since the letter went out just a few days ago the Hernando County Property Appraiser has somewhat retracted and will no longer be calling these properties unrepaired but will now rather notate the method of repair and if it were grouted (a form of sinkhole remediation where a polymer concrete compound is injected into the grout to fill potential voids) or if it were underpinned (a form of remediation which focuses on installing steel underpinns under a foundation to create a system of pylons underground which stabilizes the foundation and prevents it from being susceptible to further ground movement or soil subsidence) Depicting with accuracy the scope of the repair type is probably a good thing on the Hernando County Appraiser’s part although it should be noted that the Engineering Completion Report which is generally in the possession of the home owner or a potential seller does clearly spell out the method of the repair and whether or not grouting or underpinning or both were utilized.

The initial letter that went out cause much panic in homeowners prompting many questions across social media sites like facebook. As you can imagine getting a letter stating your home is an unrepaired sinkhole can cause instant fear in the heart of a home owner, especially a new home owner who recently purchase their home thinking it was repaired. So are these homes really unrepaired? The answer would be no, well maybe, well yes but technically no. Wait say what? Let’s look at that a step further in an attempt to truly clarify this confusing topic. The initial decision on the part of the property appraiser was prompted by the following thought process, at least as far as I can tell anyway. sink-pinsTechnically speaking the act of installing underpins does not resolve the underground soil condition since what it is doing is stabilizing the foundation with steel pylons and not necessarily focusing on filling the void. The goal in any sinkhole remediation is to ultimately stabilize the foundation right? So underpinning and grouting in theory should accomplish this and should stabilize the foundation assuming either type of repair was performed properly and in accordance to an engineers specification. Since the underpinning does not fill in a void one can technically then say the void was not filled therefore the condition of the potential void itself is not repaired. Does that mean if your home was underpinned it is really unrepaired? No of course not, underpinning has for many years been deemed an acceptable form on sinkhole repair. The focus of underpinning is not and never has been the purpose of the pins, but rather the purpose is to stabilize the structure regardless of the subsurface condition which may or may not exist.  Short of something changing legislatively which is fairly unlikely it continues to be an acceptable form or repair which is why the property appraiser in Hernando County received as much backlash as they did.

So if underpinning is OK then why did the underpinned home in Land O Lakes fall victim to the massive sinkhole? The simple answer might just be Mother Nature. Mother Nature is a powerful and often unpredictable, unstoppable force. In cases where the sinkhole is or becomes so massive there likely not be much in the way of a repair that could be done to prevent such a catastrophic collapse. sinkhole-land-o-lakesWould grouting have helped? Nobody can say definitively but it would be highly unlikely, maybe it would have bought a few seconds more of time, but reality probably not. Regardless of what may have been done with an event as catastrophic as the one in Land O Lakes it most likely would not be preventable regardless of any amount of compaction grouting, or number of pins or both. Its just one of those acts of Nature that man cannot control. The good news is these types of catastrophic sinkhole events are relatively rare and do not happen very often.

*My home was underpinned, now what do I do? Well the simple answer would probably be nothing unless you are noticing new damage or something that would cause immediate concern then start by contacting your engineer and contractor who performed the repairs. If necessary bring in another licensed professional for a secondary opinion.

* My home was underpinned, the Hernando County Property Appraiser has me concerned by first stating it was unrepaired now saying repaired. Is my home repaired or not? Regardless of the initial letter sent out, if the home was repaired via underpinning it remains underpinned and thus is repaired. Understanding the difference between a grouting type repair and underpinning type repair is important but being underpinned does not define it as unrepaired in the State of Florida. Being unrepaired under the definition would mean nothing was done or it was not done in acceptable manner under the supervision of a licensed structural engineer.

* I hear the County Property Appraiser may reduce my assessed value, does that make my home worth less now? No, it does not make the home worth any less or any more in the open market. Over the past few years market statistics show that repaired sinkhole homes are selling at or near the full market value. In some geographical pockets repaired sinkhole homes may actually be selling for more than their counterpart similar homes with no known sinkhole. The county assessment has little to no impact on the actual appraised value or market value. Assessments are strictly for taxation purposes and should not be used as a gauge for what a home may sell for or may appraise for in a real estate transaction.

 

steve-portait

Steve Fingerman

NMLS# 276682

President

E Loans Mortgage Inc

NMLS# 856640

4117 Mariner Blvd

Spring Hill FL 34609

Cell 727-946-0904

Office 352-688-7949

www.eloansmtg.com

 

 

Disclaimer: Steve Fingerman is not a licensed contractor, engineer, attorney, news reporter, magic genie, or anything other than a Mortgage Professional and Real Estate Professional in Hernando County who is very familiar with the Spring Hill Florida Market and the topic of Sinkholes 🙂

postheadericon Is It Cheaper To Buy A Home VS Renting A Home?

Rents in Spring Hill Florida continue to rise, however mortgage rates are still historically low. With house prices starting to rebound in Hernando County this may the best time in years to purchase a home in Spring Hill FL! For quick a quick Mortgage Approval contact us at 352-688-7949 or apply online at www.e-loanmortgage.com

Steve Fingerman

President E Loans Mortgage

352-688-7949 Office

727-946-0904 Cell

NMLS# 856640

postheadericon E Loans Mortgage- Mortgage Financing in Tampa FL- We Close With Them Style

E Loans Mortgage in Spring Hill Florida is your number one go to source when it comes to closing mortgages in Tampa FL

 

Here’s a little video we just put together. The team here had a blast shooting this one. Check it out, hope you like it!

 

 

Please share 🙂

 

postheadericon Multiple Offers Are Here In Spring Hill FL, Here’s How To Beat Them!

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.Lake In The Woods

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!)

Agent TrustAnd 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!

postheadericon ‘Twas The Night Before Christmas In Spring Hill Florida

 

 

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

postheadericon How Market Values Are Determined In Spring Hill Florida

Spring Hill Florida Mortgage Lenders

Need A Mortgage In Spring Hill FL?

Spring Hill FL Real Estate Values: No Kidding Around!
Comps are Real Estate Values’ Incomparable Tool

Spring Hill Florida Real Estate Values — They’re All Related

Whenever you hear that a neighbor’s house is on the market, the same question flashes through nearly every homeowner’s mind: how much are they asking?

That’s because of the nature of residential markets: our own homes’ real estate values (in fact, all Spring Hill FL real estate values) are connected with one another, and that asking price is an estimate of the current state of affairs. It has to be reasonable in order to attract the attention of serious buyers — but if it’s too reasonable, on closing day the seller will walk away with a lighter bank account than necessary.

Real estate values in Spring Hill FL are determined in large part by what other similar homes have recently sold for. These comparable sales show what a real world bank was willing to lend, and how many dollars a real life buyer was willing to pay. “Comps” are to real estate values what the Dow Jones is to securities: a trustworthy reality check, no kidding around.
How ‘comparable’ a comp is depends on a number of factors to be taken into account:
• The structure
• Condition
• Amenities
• Location
• Neighborhood
The structure of a comp sale will have similar square footage, number of bedrooms, etc. Its condition is a value judgment best made by professional appraisers. Amenities can include everything from upgrades in a development to added features like central air conditioning or a Jacuzzi. And location means a great deal (is it in a high crime area?) — as does the similar but more precise neighborhood (are the neighbors taking care of their yards? Are the schools first-rate?).

Ultimately, when determining real estate values for Hernando County homes, appraisers take into account much more than just the house itself. That’s why when you set out to find a home for your family it’s important to look beyond the physical facets of the house alone: should you later decide to sell it, the whole host of factors will come into play. Whether you are buying or selling a home in Spring Hill FL this fall, contact us today for a pricing evaluation.

 

Tina Fingerman and Steve Fingerman

E Loans Mortgage

NMLS# 856640

352-688-7949

 

 

Agent Trust Realty

www.agenttrusthernando.com

727-946-2348

postheadericon Home Listings In Spring Hill Florida- Hernando County Real Esate Trends

 

Hernando County Real Estate For Sale

Home Listings In Spring Hill FL Track Shift in Buyers’ Focus

2012 Spring Hill Florida Home Listings Tell a Tale

 

Homeowners who are puzzling over whether to add their property to the Spring Hill Florida home listings this winter (rather than hold back until spring) have more than just timing to factor into their decision. How their offering will stack up alongside the other home listings is a prime consideration.Sell A Home In Spring Hill Florida

The residential market has made good progress this year – and a strong majority of pundits expect more of the same for 2013. I deal with the home-buying public all the time, and so get an inside look and listen to what features and qualities wind up having the greatest impact on their buying decisions. Another way is to survey home listings across the nation to track buying trends: the features highlighted in home listings are just about the most market-sensitive indicator of all.

A look at those home listings throughout the past year can be summed up briefly: Homebuyers wanted relatively smaller homes, manageability, lower property taxes and utility bills — in short, they gravitated toward properties that looked as if they would minimize expenses after buying as well as in the purchase itself.

Associated prominent features dealt with location in a number of ways. “Within walking distance” was a frequently appearing phrase. “Walk Score” came into new prominence — to schools, coffee shops, grocery stores, or parks. Importance of financial stability in the surrounding neighborhood can be implied from a number of popular phrases, and I can vouch for that in the attention I saw paid to various areas’ foreclosure rates.Hernando County Real Estate IPHONE

Practically every homebuyer will still be looking for a good deal, but in 2013, we can expect increasing attention to the intangible of future value.

If you are considering selling your Spring Hill Florida home any time in 2013, now is the time to begin putting the idea into action. Understanding buyers’ needs is a sound first step toward placing your home in position to stand out in the Spring Hill Florida home listings — and I am standing by this year to help you do it!

 

 

Tina Fingerman Realtor

Tina Fingerman

Agent Trust Realty

4117 Mariner Blvd.

Spring Hill FL, 34609

Office 352-688-7022

Cell 727-946-2348

postheadericon When It Comes To Open Houses In Spring Hill FL- Too Much Is Too Much!

When It’s To Have An Open House In Spring Hill FL, Don’t Overdo!

Hernando County Open House Time is Teamwork Time

 

According to the best estimate, something like 45% of home buyers use an open house viewing before making their purchase decision. I think that sounds about right – it might even be higher here in Spring Hill Florida. With such a high proportion of serious prospects choosing to drop by an open house, it’s important that we – client and agent — get it right. Under-preparing is seldom an issue: we all want to put our best foot forward when we invite the public into our home.

Yet while it may be tempting to go into overdrive for that preparation, overdoing it can be a problem, too – one that can actually turn off buyers. Some guidelines worth noting:

· Avoid Information Overload. It’s common practice to set out a few brochures or pamphlets that let potential buyers know something about the area. But if your flier presentation looks like it belongs in the Florida Tourist Welcome Center, or you’ve put together a local restaurant guide that comes off like a comprehensive college prospectus, your buyer may not have enough time to focus on the home while there.

· Don’t Kill the Mood. Like many agents, I like to try to set a certain ambiance for potential buyers attending an open house. Yet I also know that when a potential buyer walks through a Spring Hill FL home, he or she needs to be able to project a personal image of the future onto it. In practice, this means that soft music is nice — top 40 is too much. Subtle and neutral details are a plus: too much color or too many photos can be overkill. To cater to all demographics, be sure the house is clean and uncluttered — as minimalistic as practical.

· Keep Refreshments to a Minimum. Ensuring that potential buyers feel comfortable in your open house is the goal, so you and your agent need to draw a line between hosting a mini-buffet and being gracious but businesslike hosts. You want to provide pleasant and positive refreshments, but an elaborate spread taking over the kitchen and wafting all variety of aromas through the house is distracting. I’ve always been a fan of the classic cheese and crackers display (though I’ve sometimes found it appropriate to add a cookbook propped open to bring to emphasize an especially well thought-out kitchen design).

When you plan your own Spring Hill FL open house, you and your agent should make the most of the strong points of your offering – being careful not to upstage them. Call me anytime if you are looking for one of those kinds of agents. I am one who will be your strong partner from the moment you list until the last closing doc is signed!

Hernando County Real Estate

Tina Fingerman

Agent Trust Realty

4117 Mariner Blvd

Spring Hill FL, 34609

352-688-7022 Office

727-946-2348 Direct

postheadericon How To Find A Great Realtor In Hernando County

How To Spot a Great Hernando CountyRealtor®

Three Characteristics Great Hernando County Realtors® Share

When you want to sell your house, you want it to bring in top dollar. That means you want to find a Realtor in Spring Hill Florida who has the characteristics of a top performer. He or she may or may not have last month’s highest sales volume, may or may not have page after page of onscreen MLS listings. However, there are characteristics you can look for that are bound to point to the best candidate to represent your home in your neighborhood.

1) Understanding You: the Client

I agree withRealtor Magazine:

“One of the strongest ways to increase likability and foster a connection is to demonstrate that [the Realtor] understands someone else’s needs, and is happy to help fulfill them.”

A great Realtor in Spring Hill Florida is inherently a great salesperson, and as such, automatically adapts his or her selling skills to each client. The evidence comes through demonstrating that if the need arises to step back, he or she will do so. Likewise, when a client needs a push, he or she knows how to give them that push — gracefully.

You can test this. When you are interviewing to find a Realtor, don’t just quietly nod and agree with everything you hear. Offer a few objections, even if they are only theoretical. See how seamlessly the candidate handles the change of direction. The ability to discern and adapt to various types of clients is the same ability that will help a skilled Realtor present a positive impression of your property.

2) Selling Advice

It is essential to find a Realtor in Spring Hillwho is a true professional – one who has the ability to approach your home from an unbiased perspective. Being able to provide analytical, accurate and fact-based market information is vital. It is this ability that is the basis for establishing a market position that helps sell your house for its maximum value…and in the shortest timeframe.

3) Negotiation

A great Realtor is able to successfully negotiate price and terms between you and your buyer. No matter what, there is likely to be an emotional component involved, so maximum success takes not only keen business acumen, but strong intrapersonal skills, too.

When you are ready to find a Realtor for your Hernando County property, look for experience, a full skill set, and confidence. Add in a touch of panache, and together you will make up a team that is fully armed to come to market. I hope you will consider me for your candidate list: I work tirelessly to help every one of my clients meet their own selling goals. Give us a call to hear what my marketing plan can do for you.

Agent Trust Realty

4117 Mariner Blvd.

Spring Hill FL, 34609

352-688-7022

727-946-2348

postheadericon Lakewood Ranch Foreclosures- Buying Strategies

Market Preparation Helps Lakewood Ranch Foreclosure Buyers

Foreclosure Wave Could Also Signal Opportunity

 

If you are organized and willing to put in some serious spadework, buying a Lakewood Ranch foreclosure can save you thousands of dollars. A new wave of foreclosures could be heading our way later this year. According to RealtyTrac, the leading source of foreclosure statistics, one in every 665 national housing units received a foreclosure filing in June. More foreclosures mean more opportunities; but it also means that more buyers will begin to think seriously about going after them. In other words – more competition.

If you have never looked into what is involved in snagging one of the foreclosures in our area, a few basics will greatly improve your chances for success:

 

Do Your Research So You Can Act Quickly.

The foreclosure market performs differently from the traditional market. Arming yourself with accurate comps and knowledge of Lakewood Ranch trends will enable you to recognize the right opportunity as soon as it arises – ideally, before other buyers catch wind of it. Working with a knowledgeable agent who keeps you informed is the quickest way to get up to speed. It will help you avoid being dragged into bidding wars with other deal-shopping buyers. Since under-bidding will cause you to miss the best opportunities, and over-bidding will defeat your whole purpose, up-to-the-moment market knowledge is essential for formulating a canny offer.

Weigh in With Cash.

Time is an important factor in buying a Lakewood Ranch foreclosure. Your goal is the same as the seller’s: to close the sale as quickly as possible. Naturally, paying cash up front is the simplest route to a speedy closing. If you are buying as an investment, that means targeting only properties that are within your financial reach. As Ron Peltier of HomeServices of America puts it, “A cash buyer who can close in 10 days can certainly get the best deal.” Since closing on a house via traditional mortgage can take anywhere from 30 to 60 days, it is clear which route sellers prefer.

3. Create Clean Offers.

If, like many of my clients, you can’t really afford to propose an all-cash deal, you can still create an offer that lands your foreclosure. Writing a clean offer – one with simple terms and serious cash down — can bring a favorable reaction. Let’s face it: bank officers don’t want to fuss with complicated terms or repairs. A buyer with 20% down, a confirming loan and an “as-is” offer will get a lot more consideration than a buyer with an FHA loan and a minimal deposit. Success means targeting foreclosures at a price point where you can afford to put as much down as possible…then being ready to get dirty and make any needed repairs yourself.

As with any vigorous market, participants need to play by the rules or else be stuck on the sidelines. If you are considering buying a Lakewood Ranch foreclosure and are looking for an experienced agent to stand by your side, call me — and let’s get to work!

 

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