daytona agent: Condo Buyers. How To Avoid Trouble
- 06/12/14 03:20 AM
Too often people buy a condo, and run into a problem with the Association. And not because they are rude and obnoxious people, or do not care about others, but because they do not know.
- What is there to know?
A lot, but we will concentrate on one issue here:
Minimum rentals.
It is not unusual for owners to think about offsetting some or all of their expenses by renting out their second homes (condos) when they are not using them. However, in Daytona Beach area practically every condo has some sort of rental restrictions. Majority of them are about … (10 comments)
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daytona agent: How to Get to a Slaughterhouse?
- 06/08/14 02:24 PM
Oh, all these type A personalities...
They walk in and ask a question. You can’t answer with a question; they only want the answer to the question. They do not want anything else.
They know everything else…
It may be the price, and then they say that they will be analyzing… Analyzing what? I have 100 times more questions, and 200 times more answers, but their ears are shut.
They know what they need, and they do not want anything else.
They are polite bullies...
But the world is not only beautiful cows in the … (6 comments)
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daytona agent: Does Public See Us On High Horse?
- 07/13/13 11:23 AM
Sharon Alters, my good neighbor from Jacksonville, posted Brokers Must Have Listing Broker's Permission to Advertise Listings
Not surprisingly there is a fair share of “hang them by the balls” comments, and I was getting this bad feeling that I was the only one not sure about it, when I ran into a few disagreeing comments, and then a comment by Ron Climer - a great Real Estate instructor. I went to him for my broker’s post licensing 60-hour class.
But I digress.
This is not a rebuttal of Sharon's post, her post served as inspiration, it triggered some … (20 comments)
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daytona agent: Warm Feeling Of Guilt
- 03/26/13 02:40 PM
Sometimes I think that the heretic in me never goes away, and I am lucky it is not the Inquisition era, or they would burn me at the stake… bit I digress.
I am used to a steady flow of posts on AR, where agents are aggravated with Sellers overpricing their prized possessions.
I am was keeping quiet. I was am guilty of it...
Life is more than “yes” or “no” and has a richer palette than simply black and white. I believe, that there is time to underprice, and there is time to overprice. After all the right price … (23 comments)
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daytona agent: Build Penthouse First. And Leave It Hanging
- 12/18/12 12:21 PM
I went to refresh my photos of Bellair Condos in Daytona Beach. I am sending photos and information to my Canadian buyer. Working with MLS, I noticed that the Listings were showing wide range of dates built. Weird for a single building.
Smiled and decided to check the Appraiser's website. I am thinking that the agent didn't check the Property appraiser's site, which is showing the date, and where i go to make sure I am correct.
So, I am there and... surprise-surprise... The County Property Appraiser's site is showing... 1973.
Does it mean that it is time for me … (4 comments)
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daytona agent: How Was Your Black Friday?
- 11/23/12 03:25 PM
After the Thanksgiving dinner after my daughter with her family left, we got into our car and went to the Mall. Macy’s and some other stores were open from midnight, and we came closer to 1 AM.
I was very surprised to see so many cars in the parking lot. The store was packed. Families and groups of friends, men and women, were everywhere. I could not believe that this actually was the middle of the night.
There were lines to cash register. Wow…
We looked at few things but then decided that buying just because things were discounted was … (23 comments)
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daytona agent: Right Of First Refusal…What You Need to Know
- 07/14/12 12:51 PM
When buying a condo in Daytona Area, watch for this clause. We use the Condominium Disclosure, and it specifies whether the Association has the first right of refusal, and also whether the Condo Owners have the right of refusal. While refusal by the Association is relatively rare, watch for those condominiums where the condo owners have the first right of refusal. It can easily happen that when you think that you got a great deal, the owners may agree with you and take it away from you. All they need is to offer the same terms to the Seller, and your … (32 comments)
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daytona agent: Are You Ready For Me?
- 06/28/12 03:10 PM
A couple walked into my office today. They are landlords. They rented their condo in Daytona to a tenant. They came from the court. It was a pre-trial. When the tenant sent them a letter in April that there were hazardous conditions and because of that he was terminating the lease, the lady was in the Hospital. She somehow found us and asked to contact the tenant and take care of the hazardous conditions. We tried to contact the tenant several times, but he never responded. The hazardous condition was a can of touch-up paint in the closet. We suggested that … (62 comments)
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daytona agent: Don't Steal My Breadcrumbs...
- 06/21/12 12:37 PM
He contacted me via Trulia at the end of April. Provided the phone number, so I called him and we had a pleasant conversation about condo-hotels in Daytona Beach Area.
As always, I gladly asked his questons and gave a lot of information about condo-hotels. I always do it without reservation. People are so nice, and so genuine....
So I tell them about my listings that they called upon, and then about listings that are not mine, but which are great deals, and then about other properties, and so on and so forth. They are impressed, promise to talk to … (83 comments)
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daytona agent: Sign Here That You Are Honest...
- 05/13/12 09:07 AM
No, I am not writing it to express my deepest disbelief in Buyer Broker Agreements. There were too many spears broken over it. I guess there is no right and wrong here. Some States require them as I heard, so the whole point there is moot…
I read E.J.”Mike” Carlier’s post Why should I sign a buyer's broker agreement? Well written post, gives customers some clarification… But the reasoning made me speechless. Basically, Mike made it clear that unless there is a signed BBA, he can instead of writing an offer, as asked by the customer, turn and buy for his … (10 comments)
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daytona agent: Is It Spring After Long Distressed Real Estate Winter in Daytona?
- 04/08/12 03:10 AM
Something is happening in Daytona. It is difficult to show units in Condo-hotels. A few days ago in the middle of the week I came to the Front Desk in Oceanside Inn and asked for a key to a double unit to show to the prospect. It was occupied. I asked for a key to any other similar double unit, and they told me that they did not have units available.
They were packed. And my client was leaving next morning. As an exception to the rule not to show dirty rooms, the General Manager James Dion took us to one … (4 comments)
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daytona agent: FSBO Buyer
- 03/29/12 01:27 PM
I am used to a scenario when my clients after buying a unit in a condo-hotel, stay there, become very active in anything about this condo-hotel. They now know personnel and get into any room they want to look at, and get any information about any unit or unit owner…
Our clients, who bought a couple of units in Fountain Beach Resort, wanted another unit, but something where they could just step outside. The best unit for them would be in Oceanside Inn in Daytona Beach Shores. Units on the second level on the south side have a sundeck built on … (23 comments)
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daytona agent: I Am Not Going to Buy Now, I Am Curious for Later
- 03/25/12 12:58 AM
I am not going to buy now, I am curious for later...
I hear it every day. I understand that people are curious about the Daytona market. I am also curious, but I do not have cash to put my curiousity to work.
But you say that you will come back in few months. So, you can buy today, but you choose to buy later?
Let me get it straight. You are asking about the view of the ocean, but you are not going to look at it now, you plan to come in 12 hours.
Well, now, at 3 PM … (12 comments)
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daytona agent: A Chihuahua called Doberman Pinscher... or The Beauty of Condo Living
- 03/24/12 04:45 AM
Time from time I am visiting condominium buildings In Daytona Beach Shores, talking to the managers, getting updates so that I know my stuff. One of the standard questions is about pet policy.
Some condos have «No pets» policy even when you have a cat, or a bird, which do not require going out. They say birds can be noisy. Hmm, what about cats? Haven't seen a barking or screeching cat yet.... I guess if one hears the cat screaming, they better call the animal police, as it should be the case of abuse... But a policy is a policy.
Some are more … (55 comments)
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daytona agent: My Perfect Condo
- 03/18/12 10:53 AM
I want to wake up with the sun rising and watch it right from my bed.
I need the sun for as much as I can. I did not come here to hide in a shade…
It has to be in oceanfront building but not on the noisy street side… cause I hate bikers
It has to be 2 bedr/2 baths
It should have a laundry in the unit, not on the floor
It has to have heated pool
And the list goes on…
There are two problems with this list. One is that if you wake up to the rising … (8 comments)
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daytona agent: Saving Oxygen
- 03/13/12 12:15 PM
Sometimes it happens that clients became friends. This Russian lady, who speaks perfect Spanish, but stumbles on her English, was happy she ran into us, when she was looking to buy a condo in Daytona Beach, as we could speak Russian, and it was a big relief for her.
Now my wife has a companion and partner in crime shopping ventures.
She was talking about selling her house in Arlington, Virginia, and settling in Daytona Beach. I got excited and told her I had a terrific agent for her. Just a few years ago I referred my other client to … (21 comments)
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daytona agent: Am I Allowed To Pee?
- 03/12/12 02:35 PM
After half day of showing we have a winner, and we are ready to right an offer. I usually call Listing agent before writing the offer, as devil is in the details.
Yes, the agent is thrilled but... this 2 bdr/2 bath condo is listed at $63K. Not a short sale. It is in the trust name. Trustee is out of state, and family members are out of state, not much interest in this property, want to sell.
However, the Board of Director for the Association tell agents that they would not allow any sale if the price is less than … (28 comments)
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daytona agent: When You Can, But You Shouldn't...
- 02/01/12 10:32 AM
Do you know this feeling that the property is not moving and the Sellers are frustrated and are not willing to reduce the listing price? In a situation like this I am telling my sellers that if they want to sell their Daytona Beach condo fast, I have an investor, but he will not pay more than $60K for this condo, listed for $79,900.
The Sellers are thinking about going forward with the investor, and here comes a full price offer. Like a bolt from the blue. Great, but how could that happen? Easy… I am looking at the offer, … (67 comments)
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daytona agent: Happy End Story. And It Is Not Christmas Yet.
- 09/21/11 05:48 PM
In Florida (and in Colorado) we are presumed acting as Transaction Brokers unless stated otherwise.
On AR I noticed the attitude that transactions brokers are sort of half-a$$ agents or brokers as we do not have to offer full fiduciary and that makes buyers we work with not clients but customers.
The belief that a piece of paper signed will make me half a$$ is very foreign to me. I am sure there are half-a$$ agents in any state. By the same token I am sure that there are good agents in Florida and Colorado.
Like so many others, I try to do a good job. … (24 comments)
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daytona agent: Full Moon in Daytona Beach...
- 07/13/11 07:36 PM
It is July, and summer is in full force in Daytona Beach. You walk outside of your home or simply step out of the air-conditioned car and you feel this dense balmy hot and humid air. Humidity is somewhere 76%-86% and I am glad that I can hide from it on the beach, where the breeze cools temperature down and makes it comfortable.
I guess there is a change in currents as the water in the Atlantic cooled down significantly. We already had 80F, but last couple of days it is 72F. Cold by our standards, but in hot summer it … (24 comments)
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Too often people buy a condo, and run into a problem with the Association. And not because they are rude and obnoxious people, or do not care about others, but because they do not know.
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