Great Question. Depending if you are buying with cash then contacting a Realtor will be your next stop. If a loan is needed then contacting a Loan Broker and schedule an appointment as to break down your finances and see what you qualify for and what monthly payment will fit your budget. This will determine what price range you will be looking for and what area will meet your goals in a home. I'm more then happy to take a call and discuss this with you and my office in Wellington has all the tools to start in one building.
Tish Realty Group
9144 Forest Hill Blvd., Wellington, Florida 33411
Office: 561-964-9566 Ext. 213
Discuss this with your loan officer............
Are you paying all cash?
If so, then the appraisal won't matter (well, it may bother YOU if you have one that comes out lower than the sale price, but it won't stop the closing).
If you have a contract with a mortgage contingency - does it let you cancel the sale, or renegotiate it, if it under-appraises?
There is always the possibility that , with added upgrades, it might not appraise out...has anyone else closed with these upgrades in place?
Do any similar closed comps exist?
What does your agent say?... more
My experience has been, those obtaining financing via big banks will receive a LOW APPRAISAL.
Those using local lenders will get a fair market appraisal.
SELLERS are ignoring both and requiring the buyer to bring a bigger pile of cash. And the are prevailing.
Buyer demographics in Fl has skewed and resulted in the banks playing a lesser role that too often sabotage the negotiations between the buyer and seller. More money is chasing fewer homes.
You are the FIRST person I've encountered, to suggest appraisals are too high.
What in this process are you finding objectionable? Not Fair? Or ridiculous?... more
There is only ONE reason.
Because there are folks who need to invest in rental properties.
Because there are so many folks who will not be qualified for a mortgage and they need to rent.
Investors may be seeing Freddie and Fannine becoming more conservative making lender even tighter...creating a BIGGER renter pool.
Stock market has gone above 16,000....that means there is a mountain of money looking for a place to park. Real estate at the near bottom is a exceptional place to park long term money. Those IRA"s are begging for higher returns.
Why are rental properties so expensive? It's as close to a 'sure thing' as an experienced investor can find.... more
I explain the law and how I'm here to help the buyer not discriminate against themselves either. My job is to show them what is available in their price range despite the school district or specific neighborhood, they need to make the final decision.
Accredited Buyer Representative
Licensed Associate Broker
William Raveis Legends Realty Group
This is an Unapproved Short Sale and the monthly condo fees are $247.00 If you are interested in seeing this property or others feel free to contact me.
William (Bill) Cerino REO Certified
firstname.lastname@example.org E-mail... more
This is an unapproved short sale that is active.
Susan Penn, PA, SFR, CDPE http://about.me/HomesForSale_SusanJPennPA
EWM Realtors® | A HomeServices of America Company | An Affiliate of Berkshire Hathaway
2000 Main Street, Suite 103 | Weston, FL 33326 l www.susanpenn.com
you can lean alot about whats going on in Pompano Beach on their official website here: http://www.mypompanobeach.org/pio/index.html
Pompano is engaged in many beautification improvements and they do take very good care of their beaches. The price range you mentioned would definitely put you in a condominium of which there are Many NICE buildings right on the sand. there are many considerations such as Parking...do you have plans to live here and would there be two cars? Do you have or plan to have pets? Many condos have a limit on pet size and weight. Then there is location, do you want to be able to walk to groceries, banks, park, pier? for now here is a list of what is available in that price range on the sand in pompano. For units with at least 2 bedrooms with an ocean view and ocean front there are 39 available under 300k note that they all have a monthly or quarterly maintenance fee -this covers building, common areas, water, and sometimes even cable. Pompano also offers a great value for the money compared to the rest of the coastline........http://southfloridamls.com/DotNet/Pub/EmailView.aspx?r=761613457&s=FLL&t=FLL
if you cut and paste the link into your browser you will get to see flyers for 39 available as outlined. I would be happy to show you or discuss in detail further. Just email me at Pompanobeachrealtor@yahoo.com, or call me at 954-296-4548..Wishing you the best!... more
you would have to go with a hard money lender, the % rate will be very high but you will be able to buy the property, you can make aditional payments during the lending period and if you have the money litle by litle you can pay it. you will have to show stable job, and payment of taxes for couple of years.
Good luck... more