5 fairly typical errors when purchasing short-sale homes

A foreclosure or short-sale home might tempt a buyer with the promise of a great deal, but it’s important for buyers to protect yourself from common mistakes. See them here

5 fairly typical errors when purchasing short-sale homes5 fairly typical errors when purchasing short-sale homes

Short Sale VS Foreclosure what are the differences

Short Sale VS Foreclosure

So you are considering walking away from your home? You have tried doing a loan modification and got nowhere, or the proposal you received made your payment even higher than before. So you feel that just walking away and leaving the home is your only option now. This may not be the only option left for you. Or even the best thing that you can or should do.

Cindy and I have successfully assisted over 200 families complete successful short sales in our real estate careers. We both hold the Designation of Certified Distressed Property Experts (CDPE) and Short Sale Foreclosure Resource (SFR). You still have options. We know how to negotiate with the banks and we work for you and your family to get a resloution in your favor.

So what is the catch? Sorry to disappoint you but there is not one. You maybe asking What is this going to cost me? There is not Any additional fee for us in assisting you, no upfront fees either. Our compensation is approved by the mortgage holder and is customary in our market area. We do not have anyone else handling the short sale. Cindy and I call the lender and do the negotiating ourselves. If any money is required it would be requested by your mortgage holder and even then Cindy and I would try to negotiate with the bank to remove that or lower it to something that you would be able to agree to.

Walking away is not the only option or even the best option for you. To see some of the issues that can arise from a Foreclosure and why letting us assist you in completing a successful Short Sale would benefit you today and even more so in the future. Please visit www.TampaHomesSold.com/Nick-Cindy-Davis-Blog.aspx if you have any questions you can always call Nick or Cindy Davis at 813-300-7116 or 813-695-6475.

Home Buying Myths

Home Buying Myths

 

Home Buying Myths Debunked

Home Buying Myths Debunked

 

A generation ago, buyers didn’t have the luxury of the Internet to research and investigate real estate. Today, of course, many enter the real estate market with statistics and information gathered online.

It’s important that real estate agents be prepared to watch for and potentially debunk a buyer’s myths about the home buying process. If myths go unchecked, buyers may hold back from negotiations or even the home purchase because of things they think are true—but aren’t.

Here are the home buyers myths that buyers bring with them to the process. 

 

Working directly with the listing agent will get the buyer a better deal

Buyers should never offer full price

Spring and fall are the best time to buy

Always leave room for negotiations after inspections

A buyer must put down 20 percent to get a loan

A buyer with a loan can’t compete with a cash buyer

Buying real estate guarantees appreciation

Educating the buyer is part of my job

To see the complete article visit our website at www.TampaHomesSold.com/Nick-Cindy-Davis-Blog.aspx

Underwater Luxury Homes Rise Above the Tide

The 10 markets with the highest rate of underwater luxury homes have seen those rates fall

 

Underwater Luxury Homes Rise Above the Tide

Underwater Luxury Homes Rise Above the Tide

The tide is receding for luxury homeowners underwater on their mortgages.

In this year’s second quarter, 2.8% of mortgaged homes valued at $1 million or more were underwater, meaning the outstanding mortgage debt exceeds the current value of the property. That is down from 4.2% in the same period last year. Overall, 17% of homes at all price points are underwater, according to real-estate data site Zillow.Z -0.57%

Baltimore had the highest rate of underwater luxury homes at 5.8%, followed by Phoenix; Riverside, Calif.; Chicago; Atlanta; Orlando, Fla.; Tampa, Fla.; Detroit; St. Louis and Philadelphia.

Across these 10 markets, home values are down an average 24.6% from their respective peaks, said Stan Humphries, chief economist for Zillow. “What’s driving the large share of million-dollar homes with negative equity is how far home values have fallen,” he added.

To see the complete story. Please visit our website www.TampaHomesSold.com/Nick-Cindy-Davis-Blog.aspx

 

Tampa-area housing sales, prices rise in June

Tampa area housing sales prices rise in June

Tampa area housing sales prices rise in June

 

Tampa-area. More home sales closed and for higher median prices this June compared to a year ago.

The June housing report released Tuesday by Florida Realtors paints a fairly bright picture of the Tampa-area market here with more closed sales and better median housing prices than the Tampa metro area saw a year ago.

And for buyers, there is slightly less pressure in the Tampa-area, since the cash buyers and the hedge fund companies that were snapping up properties for rental have backed away from the area, one consultant said.

Closed residential real estate sales are up 7.5 percent over June 2013 in the Tampa-area, St. Petersburg-Clearwater metropolitan area and the median sale price on the homes that sold was up 2.4 percent to $162,250 for a single family unit and up 9.6 percent over June 2013 for condos and townhouses, to $111,281.

To See complete story please visit www.tampahomessold.com/nick-cindy-davis-blog.aspx

 

Beautiful Pool Home in Wesley Chapel, FL!

Front

 

6839 Belt Link Loop Wesley Chapel, FL 33545

Your chance to own a Pool home is here. This wonderful 3 BR, 2 BA home is a MUST SEE! Nestled on a conservation home site just a few steps from the community playground and park. Featuring a flexible floor plan with a formal living room and dining room; a spacious eat-in kitchen with a breakfast bar and closet pantry; a large family room with a pool view; a large en suite master retreat with a huge walk-in closet, dual vanities and a glass enclosed shower; an inside laundry room with ample shelving and storage; and 2 spacious secondary bedrooms. Neutral decor throughout with laminate and tile flooring. The outside boasts a relaxing solar heated pool with an expansive brick paver deck and screen enclosure as well as ample green space for play.Within walking distance of schools and a few miles from the interstate, shopping and dining. Not a Short Sale or Foreclosure.

To view virtual tour: http://www.realestateshows.com/727273

Tampa REALTOR Here to Assist You in Your Next Home Purchase

Tampa REALTOR

The Six Major things that You as a Buyer Should

The Six Major things that You as a Buyer Should

 

We are Nick & Cindy Davis with RE/MAX Premier Group and we are the REALTOR in the Tampa area here to assist you in purchasing your next home.

As a buyer purchasing your first home, second or tenth home it is typically the single most expensive thing you will do in your life. You should have someone who cares about your purchase as much as you do. We as REALTORS® always ask buyers what they’re looking for in a home. But have you asked what yourself what you are looking for in the REALTOR® who helps you purchase your next home. The Six Major things that You as a Buyer Should want in your REALTOR

1. You Want to Trust Your REALTOR

2. You Want Your REALTOR to Be an Area Expert

3. You Want Your REALTOR to Do What They Say

4. You Want Your REALTOR to Have Their Act Together

5. You Want Your REALTOR to Listen to You

6. You Want Your REALTOR to Have Good References

To see complete article: The Six Major things that You as a Buyer Should want in your REALTOR To see complete article; please visit our website atwww.TampaHomesSold.com/nick-cindy-davis-blog.aspx

Buying Secret #1 Stalk the Neighborhood

10 Best-Kept Secrets for Buying a Home

Buying Secret #1 Stalk the Neighborhood

Buying Secret #1 Stalk the Neighborhood

We will go over each of the 10 Best-Kept Secrets for Buying a Home more in depth. In today’s Article we will cover Buying Secret #1 Stalk the Neighborhood.   To see complete article; please visit our website at www.TampaHomesSold.com/nick-cindy-davis-blog.aspx

Buying Secret #2 The Secret Science of Bidding

10 Best-Kept Secrets for Buying a Home

Buying Secret #2 The Secret Science of Bidding

Buying Secret #2 The Secret Science of Bidding

We will go over each of the 10 Best-Kept Secrets for Buying a Home more in depth. In today’s Article we will cover Buying Secret #2 The Secret Science of Bidding.   To see complete article; please visit our website at www.TampaHomesSold.com/nick-cindy-davis-blog.aspx

Buying Secret #4 You’re Buying a House – Not Dating It

10 Best-Kept Secrets for Buying a Home

Buying Secret #4 You’re Buying a House – Not Dating It

Buying Secret #4 You’re Buying a House – Not Dating It

We will go over each of the 10 Best-Kept Secrets for Buying a Home more in depth. In today’s Article we will cover Buying Secret #4 You’re Buying a House – Not Dating It.   To see complete article; please visit our website at www.TampaHomesSold.com/nick-cindy-davis-blog.aspx

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