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buyer: Short Sale Offer Price and Terms - 05/29/11 09:00 PM
Short Sale Offer Price and Terms
A short sale home is 'upside down.' A short sale is a home that will sell for less than the total mortgages encumbering the property plus closing costs. The Realtor for the homeowner must turn in a short sale package to the lender(s) or a third party negotiator. A sale and purchase contract is one document in the short sale package. A short sale package is generally 45 pages to nearly 200 pages. It is a blessing when an original short sale buyer walks who has been waiting a year for short sale approval. The original short sale buyer has 'saved a place … (2 comments)
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buyer: Buying and Selling Real Estate - 01/14/11 02:41 PM
Buying and Selling Real Estate
Buying and selling real estate can be nerve wracking. Half the time you feel like you've just been hit by a car. We are human so the pressure can sometimes get to us. I'm am blessed and have so many wonderful buyers and sellers that I love and adore. I have a couple of clients who are both buyers and sellers at the same time so their pressure is double!
I feel so much compassion and empathy for my buyers and sellers. After all, I've been both and I'll never forget how stressful it … (5 comments)
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buyer: Buying a Home In Key West Florida - 07/30/10 11:22 PM
Buying a Home In Key West Florida
I talk to a lot of buyers who want to see a house 5 minutes from NOW. They are staying in a guest house and on the way to Sara Beth's for breakfast the buyer saw a yard sign and they are curious how much houses in Key West go for. The buyer decided this morning that they don't want to rent any more, saw a yard sign on their way to work riding their bicycle and the buyer wants to go look at that house on their lunch break today. The buyer is ready … (18 comments)
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buyer: Buying a Home In Key West Florida - 07/28/10 09:21 AM
Buying a Home In Key West Florida
"I'm single and loving it!" I hear friends say this all the time. It's almost like friends who rent and say they love the freedom. They can move any time they want, when something breaks they call the landlord, if a noisy or nosey neighbor moves in they can move out. Then 30 years later they are alone or still renting when they could have had 30 years of a wonderful life and a paid off home so that retirement is a little more lovely.
Then one day your friend meets someone "interesting." Then … (10 comments)
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buyer: First Time Home Buyer Credit and Bank Overdraft Rules - 07/26/10 01:44 PM
First Time Home Buyer Credit and Bank Overdraft Rules
If you are a first time home buyer shopping for a home you know how important it is to keep your credit in tip top shape. Maybe you are staying on a strict budget to save as much money as possible to buy your new home.
A notable way to waste money and add frustration to your life is to pay an overdraft fee because of a clerical error in your check book. Getting an overdraft fee is one of the more frustrating things that can happen to a buyer when … (1 comments)
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buyer: Will The Real Slim Shady Please Stand Up? - 07/25/10 05:29 PM
Will The Real Slim Shady Please Stand Up?
Last week I killed myself to research 4 properties for 4 buyers who both happened to be 2 buyers with 2 buyer alias names. This happened twice last week so I thought I had 4 hot buyers and ended up with none. A week of research down the drain. Then a weekend to catch up on my work since I dropped a lot of pressing paper work to help these 2 buyers. I spent the weekend catching up.
Both buyers had a buyer's agent and had me look up all kinds of information, go to the … (6 comments)
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buyer: FEMA Bill Sign and Key West Buyers and Sellers Can Close! - 07/01/10 11:29 AM
FEMA Bill Sign and Key West Closings Go Forward
Key West buyers and sellers are rejoicing! The Senante passed the National Flood Insurance Program Extension Act of 2010 (HR 5569) on Wednesday night (June 29, 2010).
For the last 30 days the closings have been on hold. Real estate agents, buyers, sellers and their families have been frustrated as they waited for the Senate to sign the FEMA bill.
The unsigned FEMA bill was blocking nearly 180 closings per day in Florida and keeping a buyer per day out of their new Key West home. Some of the largest banks … (2 comments)
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buyer: Key West Short Sale Buyers Get Partial OK on the First Time Home Buyer Credit - 07/01/10 11:28 AM
Key West Short Sale Buyers Get Partial OK on the First Time Home Buyer Credit
Congress extended the closing date for buyers waiting for short sale approval on contracts that were singed prior to April 30, 2010. The 3 month extension will hold together many real estate transactions. Buyers will get the $8,000 First Time Home Buyer Credit if they close by September 30, 2010.
The First Time Home Buyer Credit was initially attached to the unemployment compensation extension bill that was filibustered by Republicans last week. The First Time Home Buyer Credit was part of the American Recovery and Reinvestment … (0 comments)
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buyer: Tenant in Key West Florida Short Sale Won't Move Out for the Closing - 06/29/10 08:46 PM
Tenant in Key West Florida Short Sale Won't Move Out for the Closing
If you are a Key West buyer who just got approval on a short sale and the tenant is refusing to move out in 30 days for the closing you have options.
There are some dream come true tenants and then there are problem tenants in Key West Florida. Most tenants are easy to work with. Then there are a few tenants that have personal problems that may cause them to become a problem for you.
You may be surprised to learn that there are tenants living in … (7 comments)
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buyer: Buyer Escrow Account Key West Florida - 06/25/10 12:04 PM
Buyer Escrow Account Key West Florida
An escrow account is an account where funds are held to pay taxes and insurance when they are due. The home buyer contributes a portion of the total annual insurance policy and total annual taxes each month. Your lender creates the account and takes a portion of your mortgage payment and deposits the amount monthly into the escrow account.
An escrow account gives a buyer peace of mind and a safety net. If a buyer was responsible for paying the annual taxes and the insurance once each year a buyer could have a large bill to … (0 comments)
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buyer: Buyer Negotiation Fee Short Sale - 03/07/10 03:23 PM
Buyer Negotiation Fee Short Sale
We got the HUD from the title company a couple of days before closig. There was a 1% fee payable to the listing agent. My phone rings and I know exactly who it's going to be.
My buyer and I are both confused. We call the title company. She says it's a negotiation fee to the listing agent. Hu? There was no note in the mls, there was no clause on the contract, there was no other agreement or contract and there was certainly no disclosure. It's common to have the buyer contribute to the to a … (10 comments)
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buyer: Oh No We Have an Escrow Dispute! - 02/28/10 03:26 PM
So you are under contract and now you want out of the contract. What is going to happen to the earnest money deposit? If the reason you want out is because you can't get a loan and you have tried a few banks and a few brokers and made diligent effort to obtain financing you will get your money back. If the Inspection Period has ended and there is any other reason you want out of the contract and the seller refuses to give you the money you have an escrow dispute. If the earnest money is in an escrow … (5 comments)
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buyer: Desperate Times Don't Call For Desperate Measures - 02/27/10 09:07 AM
The real estate market is on fire. We have short sales and foreclosures and buyers are all in a V-8 SUPER POWER TRAIN rush. I feel blessed to have so many clients to serve. My family is grateful too. It's nice to feed the kids and provide for my mom who is disabled.
Nearly every agent I know is busier than they've ever been. Busier does not mean more money. A seasoned agent I know listed 12 homes that were short sales and none of them sold. She worked an entire year and got paid nothing. 12 let down sellers, double or … (6 comments)
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buyer: Selling Your Home With A Tenant - 01/23/10 08:28 PM
Last week a Realtor in my office showed a tenant occupied home. The listing agent gave her the key. She knocked on the door a few times. As she opened the door she called out to say, "Hi, it's ----- the Realtor..." before she got the rest of the sentence out of her mouth a naked man over 6 feet tall came running down the stairs and started punching her and calling her names you wouldn't say in public. The buyers grabbed the 5 foot Realtor and pulled her out of the home.
I showed a tenant occupied home today. I … (3 comments)
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buyer: An Alternative to Apartment Hunting: Deed For Lease Program (D4L) - 01/17/10 10:51 PM
Rentals are huge pain in the neck. We have about 25 in the mls from Key West to Big Pine Key. The rest of the rentals are at KeysNews.com, KeysNet.com, on Craigs List or you have to sit down and call every single property management company in the phone book or on the internet. None of the Property Management companies want to share the rentals. One company sold me that they didn't want to bother putting them in the mls because they can rent them the 1st day on thier own. It seems like the companies would rather see a homeowner … (1 comments)
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buyer: Short Sales Are Getting Easier - 01/17/10 09:57 PM
It’s murder. I’ve had negotiators scream and call sellers names I would never repeat. Laid of school teachers, cops in divorce, 70 year old cancer patients, people who have been laid off and can not get another job, people who have been hurt and are totally disabled. I had a bed ridden disabled man and the banks wanted him to sign a $60,000 note to close the deal. Good people with serious hardships and the negotiators think they are scum and I’m scum for being a Realtor.
Aurora and CW / BoA are at the top of every single Realtor’s … (6 comments)
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buyer: I Never Got The Offer - 01/15/10 02:58 PM
If someone had told me it could happen I would never have believed it. The home inspectors were just packing up and getting ready to leave when the neighbors 4 houses down walked in and asked if they could look around. We shook hands, started chatting and walking around the ocean front home. After a little bit of, "Oh what a view!" and "What a great neighborhood!" they told me that they really wanted to buy this house but since we never responded to their offer they bought the house up the street.
My stomach fell. I remember seeing the house … (9 comments)
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buyer: Being Rude Can Cost You - 01/03/10 02:04 PM
Why turn people against you and set up a battle? Good manners go a long way and help you get what you want from life.
Last week I was showing a buyer a home. The buyer told me that he wanted to buy the home before he even saw it. I started to introduce my buyer to the listing agent. Mid-introduction my buyer told her that the house was a piece of garbage and whose idea was it to list it at the original list price? My buyer asked her how could anyone be so stupid to price the home … (6 comments)
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buyer: The Agent Showing My Condo Is Driving Me Crazy! - 01/02/10 05:44 PM
This is for my friend that is a tenant that MUST be at all showings because they have valuable things and confidential work related information in their condo. The agent is evil and stupid and obviously doesn't know what she is doing. The rude agent always asks to show the condo on Thanksgiving, New Years or some other special holiday or the weekend. The thoughtless buyers have been standing in my bedroom, with no one watching them, for 10 minutes talking about which wall they are going to put the bed on. The listing agent should protect my stuff and watch … (4 comments)
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buyer: How To Find The Best Agent - 01/02/10 05:05 PM
Ask your friends who has sold or bought a home lately. Then ask those buyers and sellers about their experience. All of the sellers got a feel for the buyer's agent and all of the buyers got a feel for the listing agent. You will get a lot of good information about agents in your area. As they say, everything a person does or says is a picture of that person. Everything a person does is a clue about their nature, their work ethic and their ethical and moral fiber. When you listen to what they say to you and how … (1 comments)
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Maya Thomas, foreclosures, short sales, water front, Old Town Key West, Sunset
Key West,
FL
More about me…
Key, Key Haven, Geiger, Sugarloaf, Cudjoe, Summerland
Address: 305 522 1398 MyRealPro@gmail.com Key West, Key Haven, Big Coppitt, Geiger, Saddlebunch, Cudjoe, Ramrod, Summerland, Little Torch, Middle Torch, Big Torch, Big Pine Key, No Name Key, Key West, FL, 33040
Office Phone: (305) 522-1398
Cell Phone: (305) 522-1398
Email Me
This is the place to find real estate about Key West, Sunset Key, Stock Island, Rockland, Big Coppitt, Boca Chica, Geiger, Saddlebunch, Sugarloaf, Cudjoe, Summerland, Ramrod, Little Torch, Middle Torch, Big Torch, Big Pine and No Name Key Florida and information about real estate between mile marker 0 and mile marker 33.
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