Foreclosure & Forgiveness Tax - 10/28/07 06:37 PM
Hi Friends!A few sellers and another REALTOR® called me this week about what happens after foreclosure. I also went to 2 panel discussions this week with experienced bankers and mortgage lenders. I'm sharing so you can provide better guidance to your clients and advise your clients to contact their real estate … (10 comments)
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FARBAR As Is Contract Revisions - 10/26/07 12:47 PM
This could save you some huge headaches. Better to prevent than correct, right?
I just went to an excellent presentation by a real estate attorney who is on the Florida FAR BAR committee. He told us about the changes this year. He gave us some great insight that I'll share with … (0 comments)
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Monroe County Florida - 10/25/07 12:38 PM
On July 3, 1823, 22 years before Florida become a state. Monroe County was incorporated and became the sixth county in Florida. Key West was the county seat and the only settlement in Monroe County.
On March 3, 1845 Florida became the 27th state. Monroe County is now divided into four … (2 comments)
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North Havana (Florida Keys) - 10/25/07 12:34 PM
The Florida Keys are made up of 40 inhabited islands. Native Indians were the first settlers in 1530 AD. A Spanish fleet wrecked in the Keys in 1733, yet until 1763 the Keys were "Isles de Norte Havana" (North Havana).
In 1815 Juan Pablo Salas was given Key West in a … (0 comments)
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Old Town and New Town Key West - 10/25/07 12:14 PM
Key West is now 2,600 acres. In 1829 Key West was just 258 acres and Key West was mapped out into a town of 64 blocks. Most of the area of Key West was ocean that was "filled" to create land. This land "fill" explains why "Old Town" and "New Town" … (3 comments)
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203(K) Fixer Upper Loan - 10/25/07 11:31 AM
Good news! I'm working with a buyer that just relocated from Washington D. C. She introduced me to a 203(K) loan. It's perfect for this market. I want to share with you what she shared with me!
My seller's feel like they have been drinking bleach when they price their home. … (5 comments)
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Key West Places of Worship - 10/25/07 11:19 AM
Ask anyone who has been to Conch Republic to name 5 things to do. Not one of those 5 things will be visit a house of worship! Not any of the people I asked, anyway.
The city of Key West has 38 houses of worship. Because no one would believe me and … (3 comments)
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Virtual Tours and the Look-2-Book Ratio - 10/25/07 11:07 AM
My past life was the hotel industry. My first job when I was 12 years old was cleaning cottages. It all culminated 17 years later as a Sales Manager and Director of Sales for the 2 of the largest hotels in Key West.
I still love the hotel industry and always … (0 comments)
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The Flag - 10/25/07 10:17 AM
Funny the things that come up the longer you work in real estate....
I have a new buyer that was inspired to buy because his landlord would not allow him to hang a flag outside his door. The landlord is a Jehovah's Witness. The buyer is in the military.
Regardless of a … (2 comments)
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Loan Documents - 10/15/07 03:47 PM
So you decided to buy! Hooray! It's exciting. To make the process as painless as a filling after you've had a novacaine shot I've made this for my buyers and I'll share it with you! This is a list of the potential paper work your buyer may need. I hope it helps you help … (0 comments)
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Buyer's Agent Benefits - 10/15/07 03:41 PM
If you are an experienced investor in the area and know exactly what you want to buy and are very familiar with sales data you can shop without a Buyers Agent. If you plan to look at few properties and are not completely sure of the value then I recommend a … (0 comments)
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Residential Real Estate Statistics March 20, 2007 to September 30, 2007 - 10/15/07 03:13 PM
Real Estate Statistics March 20, 2007 to September 30, 2007
Between March 20, 2007 and September 30, 2007 the Key West Association of RealtorsTM tallied 649 real estate transactions from Key West to Key Largo. The average sale price was $740,453, the median sale price was $563,000 and the average time on the … (1 comments)
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Evict a Tenant in Monroe County - 10/15/07 02:17 PM
First, I'm not an attorney, but I understand what it's like to have your seller tell you, "I want the tenant out NOW!" What do you do?
Can the owner turn off the utilities, throw the tenant's things out on the street, change the locks, and give a new tenant the … (0 comments)
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New Lease, Last Years Terms (Monroe County) - 10/15/07 01:28 PM
If next years lease is the same as last years lease, do I need to put it in writing?
Any lease may be extended by mutual agreement of both parties under the old terms (rental period, rent amount, rent due date, etc.) A lease can also be modified by mutual agreement. … (0 comments)
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Can The Seller Keep the Security Deposit in Monroe County? - 10/15/07 01:09 PM
The tenant must give the owner proper notice that they will be moving. Once the tenant vacates the premises and at the end of the rental notice period the owner must refund the security deposit within 15 days.
If the owner intends to keep the security deposit the owner must send … (0 comments)
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When Does a Lease End in Monroe County, Florida? - 10/15/07 12:54 PM
Always talk to a lawyer! For the moment, while you wait for your attorney to return your voice message or your e-mail, I'll share with you what I do. So, I got the new listing and I told the seller that if they work on the curb appeal I can get … (4 comments)
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"Nutrient Reduction Credit," What's that? - 10/15/07 10:40 AM
In Monroe County we have a comprehensive land use plan. The "comp plan" regulates and promotes safe growth in the Florida Keys. In the Keys only 88 new residential permits are distributed each year. Very soon the "point" system will change, but for now and in the immediate past, to get … (3 comments)
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New Residential Building Permits in Monroe County - 10/15/07 09:58 AM
Be careful when you buy vacant land in the Florida Keys. The Monroe County Comprehensive Plan is known by residents as the "comp plan." The plan stops excessive development in the Florida Keys. The comp plan was amended on January 1, 2004. The revision established an interim Permit Allocation System for … (0 comments)
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Tattoo Shops in Key West? - 10/15/07 09:07 AM
Tattoo Shops in Key West?
So you wanna open a tattoo parlor in Key West? Can you do it?
Yes! There was a time not too long ago when the city said, "NO!" but times have changed. It's amazing how fast change happens when you hire a good lawyer. Soon the city amended … (0 comments)
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Employee Housing - 10/15/07 08:20 AM
Buying a business that has employees presents some unique circumstances that you need to plan for.
Think carefully about your timing. When you make an offer, choose a closing date and open your business can affect you and your cash flow. Do you have plenty of money to float your business or … (4 comments)
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