Are there more divorces recently? I have not seen any recent divorce rates but I have received a number of inquires lately about doing appraisals for home owners in a divorce situation.
Divorce generally involves dividing assets and many times includes Real Estate. Two of the choices presented to homeowners in a divorce situation are to either sell the house and divide the proceeds or to have one person buy the other out. In either case, each of the parties should get a separate home appraisal performed by a local State-Certified Real Estate Appraiser. Some times the parties agree to have one appraisal performed.
It is important to hire a professional State-Certified Appraiser that has knowledge of the market area. The appraiser should be objective and unbiased so that a fair and impartial valuation estimate is provided. The goal of the appraiser is to provide an accurate estimate of value based on comparable sales in the area.
Sometimes the appraisal will be a retrospective appraisal because one party owned the home prior to the marriage and may have obtained equity assets.
Appraisals for divorce should include an appropriate description of the Scope of Work that was performed, have a value estimate that is well supported by verifiable data and be defensible in court under cross examination by opposing counsel. Additionally, the appraisal should adhere to the Uniform Standards of Professional Appraisal Practice.
4 bedroom, 2 Bath, Built 2003, 2956 square feet, One Acre $299,900.
Furnished 4 bedroom, 2 bath 2956 square foot cypress log home built in 2003. Cypress is said to be one of the most durable of all woods. In addition to 4 bedrooms there is a living room, dining room, den, loft and laundry area. This home is located on one acre in Sierra Pines. Bring your horse. Horses are allowed in this subdivision. Approximately 19' x 15' master bedroom on first floor. The master bath has a garden tub as well as a separate shower. There is a large covered front porch and a large covered rear porch. Appliances included are refrigerator, range, oven, microwave, dishwasher, washer and dryer. Also included is a generator, water softener, lawn equipment, a large TV and furniture. Other features include two zoned a/c, double sided fireplace and shed. Enjoy country living with city convenience. Sierra Pines has a country feel but there is shopping, schools, and access to major roads nearby. A horse ride away from SR 54 and the Suncoast Parkway.
The local MLS reported 7 sales in Pasadena Golf Club Estates for 2008 with an average sale price of $235,000. The lowest sale price was $105,000 and the highest sale price was $381,000.
There are currently 19 homes listed for sale in the neighborhood ranging in list price from $159,900 to $790,000. There are two homes currently under contract in the neighborhood. Below are pictures of a few of the homes for sale.
The neighborhood of Pasadena Golf Club Estates consists of approximately 421 single family homes built primarily from 1953 to 1970. The subdivision has waterfront homes, non-waterfront homes and homes that border on the Pasadena Yacht and Country Club golf course.
The square footage of the homes range from 966 square feet to 4806 square feet with the predominant size being in the 1500 to 2000 square foot range. A majority of the homes are located on lots that are less than ¼ of an acre. The neighborhood is located between the Cities of Gulfport and South Pasadena and borders on Boca Ciega Bay as well as Pasadena Yacht and Country Club.
The local MLS reported 17 sales in Holiday Park for 2008 with an average sale price of $205,000. The lowest sale price was $153,000 and the highest sale price was $329,000.
There are currently 12 homes listed for sale in the neighborhood ranging in list price from $139,900 to $334,900. There are three homes currently under contract in the neighborhood.
Pictured below are two of the homes for sale in Holiday Park.
The St. Petersburg neighborhood of Holiday Park consists of approximately 714 single family homes built primarily in the 1950's and 1960‘s. The homes in this neighborhood are well maintained. The neighborhood is close to Northwest Park and J. W. Cate Recreation Center. Some of the activities available to residents are baseball, soccer, tennis, gymnastics, karate, cheerleading, basketball, volleyball, dance and swimming. The neighborhood is within walking distance to Tyrone Elementary and Middle Schools. The area is close to employment, shopping, medical facilities and other support services.
The square footage of the homes range from 936 square feet to 3217 square feet with the predominant size being in the 1000 to 2000 square foot range. A large majority of the homes are concrete block construction and have attached garages. A majority of the homes are located on lots that are less than ¼ of an acre.
The Holiday Park neighborhood is north of 22nd avenue north, south of 34th avenue north, east of 66th street and west of 62nd street. Holiday Park Neighborhood Association is open to residents of Holiday Park.
The local MLS reported 31 sales in Sheryl Manor for 2008 with an average sale price of $157,000. The lowest sale price was $78,000 and the highest sale price was $240,000.
There are currently 23 homes listed for sale in the neighborhood ranging in list price from $84,900 to $229,700. There are two homes currently under contract in the neighborhood. Pictured below are two of the homes for sale in Sheryl Manor.
The St. Petersburg neighborhood of Sheryl Manor consists of approximately 915 single family homes built primarily in the 1960‘s. The homes in this neighborhood are well maintained. The neighborhood is close to Northwest Park and J. W. Cate Recreation Center. Some of the activities available to residents are baseball, soccer, tennis, gymnastics, karate, cheerleading, basketball, volleyball, dance and swimming. The area is close to employment, shopping, medical facilities and other support services.
The square footage of the homes range from 700 square feet to 3832 square feet with the predominant size being in the 1000 to 1800 square foot range. A large majority of the homes are concrete block construction and have attached garages. Approximately a quarter of the homes have pools. A majority of the homes are located on lots that are less than ¼ of an acre.
The Sheryl manor neighborhood is north of 22nd avenue north, south of 38th avenue north, east of 62nd street and west of 58th street.
Divorce generally involves dividing assets and many times includes Real Estate. Two of the choices presented to homeowners in a divorce situation are to either sell the house and divide the proceeds or to have one person buy the other out. In either case, each of the parties should get a separate home appraisal performed by a local State-Certified Real Estate Appraiser. Some times the parties agree to have one appraisal performed.
It is important to hire a professional State-Certified Appraiser that has knowledge of the market area. The appraiser should be objective and unbiased so that a fair and impartial valuation estimate is provided. The goal of the appraiser is to provide an accurate estimate of value based on comparable sales in the area.
Sometimes the appraisal will be a retrospective appraisal because one party owned the home prior to the marriage and may have obtained equity assets.
Appraisals for divorce should include an appropriate description of the Scope of Work that was performed, have a value estimate that is well supported by verifiable data and be defensible in court under cross examination by opposing counsel. Additionally, the appraisal should adhere to the Uniform Standards of Professional Appraisal Practice.
Three bedroom, two bath, two car garage pool home. 1800 square feet - built in 2003 $299,900.
This beautiful home is a concrete block constructed three bedroom, two bath split plan home built in 2003 and is in good condition. Features include a vaulted ceiling, fireplace, screen enclosure, in-ground salt water pool and upgraded landscaping. The home has upgraded tile floors in most of the house. The family room has a travertine tile floor and the master bedroom has stone tile flooring. The living room and two of the bedrooms have carpeting. The front covered porch and adjoining patios also have tile flooring. There is recessed lighting, track lighting and wiring for surround sound. The master bathroom has a garden tub as well as a separate shower. The master bedroom has french doors that lead to the screen-enclosed pool.
The local MLS reported the sale of 2701 61st Lane N for $216,500 on 10/10/2008. This is a 1553 square foot 2 bedroom, 2 bath, 1 car garage home with a pool. The local MLS also reported the sale of 6097 28th Terrace N for $138,000 on 10/17/2008. This is a 1118 square foot 2 bedroom, 1 bath, 1 car garage home. There are three other homes currently under contract in the neighborhood. There are currently 26 homes listed on the local MLS for sale in Sheryl Manor ranging in price from $119,000 to $225,000.
Pictured below are two of the homes for sale in Sheryl Manor.
The St. Petersburg neighborhood of Sheryl Manor consists of approximately 915 single family homes built primarily in the 1960‘s. The homes in this neighborhood are well maintained. The neighborhood is close to Northwest Park and J. W. Cate Recreation Center. Some of the activities available to residents are baseball, soccer, tennis, gymnastics, karate, cheerleading, basketball, volleyball, dance and swimming. The area is close to employment, shopping, medical facilities and other support services.
The square footage of the homes range from 700 square feet to 3832 square feet with the predominant size being in the 1000 to 1800 square foot range. A large majority of the homes are concrete block construction and have attached garages. Approximately a quarter of the homes have pools. A majority of the homes are located on lots that are less than ¼ of an acre.
The Sheryl manor neighborhood is north of 22nd avenue north, south of 38th avenue north, east of 62nd street and west of 58th street.
The local MLS reported 11 sales in the neighborhood within the past four months ranging in price from $69,900 to $250,00.
I have met and worked with many good, honest, knowledgeable and professional mortgage brokers. I appreciate the service they provide to the public as well as other professionals in the real estate industry. Of course every profession has it's share of bad apples. Most mortgage brokers, Realtors, appraisers, loan officers, doctors, lawyers, plumbers, electricians, painters, carpenters, pharmacists, writers, etc. are good ethical people, but there are always a few in each group that are not so good.
This post is about a mortgage company that I consider to be one of the bad ones.
I am a Real Estate appraiser in St. Petersburg, Florida and was contacted by Precision Plus Financial Services, which is located at 3801 Germantown Pike in Collegeville PA, to do an appraisal of a home in St. Petersburg, Florida. I performed the appraisal and delivered the completed report in July 2008. It is now October 2008 and I have not received payment. I have called many times and left many messages requesting payment. I have also e-mailed them requesting payment. They have not responded. The owner of the home that I appraised even paid them to have an appraisal performed. Lee Austin of Precision Plus guaranteed me payment verbally and in writing. I have left many messages for Lee and also for Jim Bissel the founder and president of the company. Of course they never answer the phone - all calls go straight to voice mail. This company is part of the problem in this country. The home owner paid them hard earned money. What they have done is stealing. I consider Precision Plus Financial Services thieves!! If you live or work in the Collegeville, PA area I urge you to be wary of this company.
La Puerta Del Sol condominiums are located on Isla Del Sol, which is an island in Boca Ciega Bay in southern St. Petersburg, Florida. Many of the condominium units have a beautiful view of Boca Ciega Bay. Some of the units have a view of the Isla Del Sol golf course. There is an in-ground pool which provides a view of the bay. The Gulf of Mexico and it's sandy beaches are located a short drive away, including Fort De Sota Park which was named the nation's best beach in 2005. It also is just minutes from downtown St. Petersburg, which is home to the Tampa Bay Rays.
La Puerta Del Sol condominiums consists of 278 units built in 1978. The units range in size from 960 square feet to 1588 square feet (There is one unit that is 2362 square feet which may be two units combined as one).
There are currently (as of 10/11/2008) 19 units in La Puerta Del Sol listed on the local multiple listing service for sale ranging is price from $189,900 tp $400,000. In 2008 there have been four units reported as sold on the local multiple listing service ranging in sales price from $200,000 to $305,000.
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