Gainesville, FL Real Estate News

By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
My Gainesville Home Need Repairs, Can I still Short Sale? Gainesville FL- The answer is YES. Repairs do not hinder you from short selling your Gainesville home. It may be an issue to some realtors, but it should depend on how badly it needs repairs. The fact is, it will not be a big deal to your lender since they will have to sell the home. If your short sale transaction becomes positive, then it will sale as a short sale. If not, then as a foreclosed home. Either way, it will sell. Repairs involve some cash too, so be considerate that it should be congruent to its fair market price. There are buyers who are willing to make the repairs themselves. Others would love to occupy the soonest possible and may decline the hassles of making repairs. Thus, this is less attractive to potential bu...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
3 mistakes to avoid when short selling your Gainesville home Gainesville FL- Short sale is a very complex process. It is quite confusing to those who are unfamiliar with its dos and don’ts. Many people have a hard time understanding short sale-- and there are even agents who lack the necessary knowledge and skills to handle short sale transactions. As given, you will want a successful short sale and to do this, your first priority should be looking for an experienced short sale agent. These agents know exactly how to prevent short sale missteps, and the necessary steps involved with the whole short sale process. The experience they earned will serve as a guide toward a successful Gainesville home short sale. So Mistake No. 1 is hiring an agent with zero experience. But it’s not good to ...
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By Christine Bohn, The Bohn Team, Gainesville FL
(RE/MAX Professionals)
It’s time to get our brain and budgets in gear for Back-To-School 2012, and take advantage of our Florida Sales Tax Holiday this weekend.  Starting at 12:01 am Friday, August 3rd. No sales tax will be collected on many items for your back-to school shopping. Here in Alachua County, that’s a savings of 6.0% to help with your household budget this season. WHEN:   12:01 am Friday August 3rd through 11:59 pm on Sunday August 5th Tax Exemptions:  Clothing, Footwear, and certain accessories selling for $75 or less, or certain school supplies for $ 15 or less. School Supplies: Pencils, pens, crayons, erasers, filler paper, legal pads, binders, notebooks, construction paper, folders, markers, poster board, composition books, tape, glue, paste, scissors, compass, protractors, calculators, comput...
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By Christine Bohn, The Bohn Team, Gainesville FL
(RE/MAX Professionals)
Gainesville Florida Single Family Homes Sold Market Report – June  2012 Here are the statistics for Gainesville Florida single family homes real estate market for the  April, May and June 2012. This chart below shows you the number of CLOSED SALES for the months of  April 2012 , May 2012 and June 2012.   Also the relationship of (DOM) the average days on the market for those sales, and the current PENDING SALES. This chart below provides a graph as the number of ACTIVE LISTINGS in the Gainesville Florida Multiple Listing Service for this same three month period.  We have an increase in the total active listings, which coincides with the peak of our summer selling season.   Pending Sales are on a steady increase as the buyers are active and finding the homes they want.  This is our Gaine...
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By Christine Bohn, The Bohn Team, Gainesville FL
(RE/MAX Professionals)
Here is the Gainesville Fl Condominium Market Report  for June 2012 that shows (3) Month Statistics on the Gainesville Florida Condominium & Townhouse Market.   These charts reflects the April, May and June 2012 data of units sold.  This data is compiled from the Gainesville Multiple Listing Service. This first chart below shows the total number of active listings in the MLS and how that compares to the number of pending sales, and the closed sales for each month.   You will see that our inventory of active listings has gone down, and shows a higher number of pending contract.  The month of June shows 68 closed sales, which is up from the month of May.   The current inventory is ready for Gainesville's Summer  buying season for incoming students. This next chart shows the average days o...
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By Dave Gibbs, Broker Assoc, e-PRO, ABR, Green
(Coldwell Banker M.M. Parrish Realtors )
With advances in technology, decreased component costs, more experience with building designers and contractors......the guidelines for meeting the Energy Star certification change over time. Version 3 of the EPA Energy Star guidelines have just gone in to affect as of 7/1/12. According to V3 guidelines each ENERGY STAR certified new home is independently verified to be at least 15% more energy efficient (i.e. a HERS rating of 85 or better) than a home built to the 2009 International Energy Conservation Code (IECC), and features additional measures that deliver a total energy efficiency improvement of up to 30 percent compared to a typical new home. In the state of Florida alone there were 6,987 Energy Star certified homes built in 2011. Energy Star certified homes built in 2011 are the...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
Gainesville Short Sale Cost Gainesville FL- If you think your life would be most livable without worrying for mortgage dues per month, then a short sale might just be the kind of rescue you needed to get rid of a home you can no longer afford. You might have been considering short sale for a long time but is not sure how to get started-- how the process works, the legal requirements needed, and most of all, how much it will cost you to short sell. The answer is plain and simple-- short sale will not cost you anything. If it does, then only to a minimal amount. Nevertheless, there are no costs or fees required for a short sale in majority of cases. Please be informed however, that short sale does not come without some sort of cash involvement. Most of the money associated with short sale...
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By Dave Gibbs, Broker Assoc, e-PRO, ABR, Green
(Coldwell Banker M.M. Parrish Realtors )
The acronym H.E.R.S. is now being seen with increasing frequency. It stands for Home Energy Rating System. The Gainesville Alachua County Association of Realtors is now including the ability to record the H.E.R.S. index (now recognized by the Department of Energy) as well as virtually all other modern GREEN features for a residential dwelling in the Multiple Listing System (MLS) as it directly relates to the efficiency of the dwelling. Efficiency relates to performance and performance relates to cost of ownership and indoor environmental quality and it all relates to value. In a recent Gainesville Sun article (read it HERE) there was reference to and an abbreviated explanation of H.E.R.S. that likened it to the fuel efficiency of an automobile in miles per gallon. I would like to elabo...
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By Dave Gibbs, Broker Assoc, e-PRO, ABR, Green
(Coldwell Banker M.M. Parrish Realtors )
I thought long and hard before deciding to dedicate myself to doing something like writing (and maintaining) a blog. To do it right requires an investment of my time and consistency. To do it right is a dedication to you, the viewer and consumer of the information. As a senior Broker Associate with Coldwell Banker M.M. Parrish Realtors I am a GREEN Designated REALTOR® with an emphasis on sustainability and all that entails. As you learn more about it my guess is that it will garner more of your attention as well.  The benefits of doing a blog these days are many fold as more and more people have become accustomed to the internet as a rich information source. I will do my best and you, in turn, can help with the process by rating and sharing these postings if you find them interesting a...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
It is of much importance to have a comprehensive understanding on the short sale process. So if you are an investor, listing agent, homeowner, or the buyer’s agent, make sure you are knowledgeable in every detail of the process, this ensures the transaction is well facilitated. Always make it a point that you are able to explain the process precisely to the homeowner and buyer. It is one of your duties to keep them updated regularly. If you are a listing agent, you are definitely working in the best interest of your client—the seller. At some point, you may have to do some training, coaching, and negotiating with the buyer and the buyer’s agents. Although as a Gainesville Short Sale Agent it is not my responsibility to coach and train the buyer's agents and their buyers about the short ...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
Once the initial short sale criteria has been established, you should understand that there are many possible outcomes of the short sale. This is the most important thing to emphasize, there are NO guarantees. Both parties will do the best to get the short sale closed, but there are no guarantees that it will happen the way it was planned. As the seller you must be motivated on this. You need to be committed to the process and the possible outcomes of the deal. You control your end of the process and if you are not serious about completing a short sale, it wastes many peoples time. Sellers that want to back out on their part of the deal especially when it comes to signing notes or bringing cash to the closing need to understand up front this may happen. If this is not of interest for th...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
Most of the sellers I have had contact with are good people who fell upon hard times and many of them are embarrassed about the down spiral of their credit. It is unfortunate that many of them have to borrow money or exhaust their savings just to pay their mortgage dues, in hopes to postpone the inevitable and most undesirable circumstance. There are also people who couldn’t care more and just walks away. These are the people who will least likely be qualified for short sales. They just leave the keys and run after they have milked the system for all they can. IMPORTANT TIP: Lenders cannot force homeowners to liquidate their 401Ks or certain retirement accounts but they can turn down a short sale should they see that the assets are too much in their retirement accounts. While the homeow...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
The following are crucial questions that determine the presence of a financial hardship: 1. Why do you need to short sale? 2. Did you try to get a loan modification from your lender? If yes, how did it go? 3. Why was your loan modification turned down? 4. Have you tried to work out a deed in lieu? 5. If yes, what was the outcome? 6. If this is your primary residence, how long have you lived there? 7. Do you live in the property at present? 8. What changes did you make since you got the mortgage on this property? 9. What are your financial hardships? 10. Are you current on your mortgage payments? 11. When was your last payment? The information provided on the short sale documents should be consistent with that of the loan modification documents, unless verifiable circumstances have chang...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
Important Tip: Ensure you have made any misrepresentations on your mortgage application for your original note, home equity line or second notes. If they misrepresented their income in any way, it may be considered a mortgage fraud. If they have done this, advise them to refer to their attorney. Do not take fraudulent short sale as it will put you, the agent, and your seller at risk. Lenders will eventually require homeowners to submit proof of financial insufficiency, tax returns and wage information. Fraudulent short sales are rare, but should you be involved in this kind of transaction, make sure to execute a hold harmless agreement. Obtain a draft agreement from your attorney and have the homeowner sign. Passing the hardship test is the very first part of the qualification process. ...
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By Captain Wayne - Rowlett Real Estate School, Rowlett Real Estate School / Owner and Instructor
(Rowlett Real Estate School)
If you are looking to a Real Estate School in Gainsville Florida to take your online real estate course, you've come to the right place.  Rowlett Real Estate School is a full service real estate school serving Gainsville Florida with Florida State Approved, Fully Accredited Real Estate Courses Online to meet all your license requirements.  It has never been so easy to get a Pre sales associate real estate license in Gainsville Florida.  Rowlett Real Estate School has a passing rate for the Florida State Exam that is unsurpassed by any other Florida Real Estate School provider. check out our website at www.rowlettrealestateschool.com or give Captain Wayne Rowlett a call and he will be happy to help.  Click here for our online coursesFlorida OnlineReal Estate Courses Pre-license Course .....
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
If the short sale is approved, explain the following possible outcomes to the seller: - All liens will be released, in full satisfaction of mortgage with no conditions. - Full satisfaction of mortgage with a small or large amount of contribution from the seller. - Full satisfaction of mortgage with an unsecured promissory note executed between seller and lender, with seller’s cash contribution at closing. - Full satisfaction of mortgage with an unsecured promissory note executed between seller and lender, without cash contribution from any party at closing. - Release of lien with mortgage reporting of less than full pay off. - Release of lien with an unsecured promissory note, with payment less than full reported - Release of lien with default judgment to be paid over time If the homeow...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
There are good attorney in Florida who can delay foreclosures only if you need to complete a part of the short sale process. Gainesville short sale agents do not suggest taking a listing and negotiating a short sale for homeowners who are about to lose their property in the same week as it is listed. There is no guarantee a short sale could get approved, but following these steps will increase its chances. A Short sale has to meet certain guidelines imposed by the homeowner’s lenders before it could get approved. A good story will help a lot. Keep in mind that there are exceptions to rules. Gainesville short sale agents have had short sales approved despite not meeting the guidelines. Make sure that you pass the hardship test or, otherwise, you may have to directly participate financial...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
Gainesville Residents are Not Scared by the Housing Crisis In a study conducted by Integra Realty Resources, an independent real estate valuation firm, 75% of Americans still aspire to own a home and considers home ownership as one of life’s major goals. This population of home-dreamers is based on a new poll of non-home owners aged 22 to 50. According to the study, Americans continue to be enthusiastic on home ownership despite the housing crisis that significantly dropped housing prices in many markets. Gainesville Florida has seen a decrease in inventory due to high demand while home prices are still slightly decreasing. The decrease in pricing is attributed to Gainesville Short Sales and Foreclosures. However, there are still issues with quality sound buyers obtaining financing. The...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
Is your Mortgage Lender and Where you Bank the Same - How many of us truly sit down and read every document we sign when we have a stack of papers sitting in front of us and we have some place better to be? This is all too common, especially in Gainesville Real Estate, Car purchases, signing up new bank accounts. Now, if we all sat down and read the fine print we would see that verbiage that might just make us go "hmmm?" So let's talk about your short sale lender, mortgage lender or foreclosure lender and having a bank account with them. You may want to think twice! In the fine print, when you sign up for an account it states you give them the right to directly access your bank account and remove the monies owed them if you become behind on your payments, such as a loan. It is not that ...
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By Stephanie Anson, Estates | Homes | Land | Investments
(Anson Properties)
Federal Housing Administration’s (FHA) secretary, Shaun Donovan, announced that the agency will be selling off distressed mortgages in bulk. This move attempts to prevent foreclosure for thousands of homeowners and shed those seriously delinquent home loans. Every time a new announcement comes from any administration it is usually glossed over with "HELP", but not sure of the impact. So far programs such as HAMP and HAFA, though great in theory, rarely work out for homeowners. In line with this, the housing administration aims to sell 5,000 mortgages each quarter beginning in September of 2012. The housing bubble burdened the agency with over 700,000 seriously delinquent mortgages which mostly originated from the years 2007 through 2009. There are regulations on how deeply these loans c...
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