faq: The Lakeland FL Home I'm Buying Does Not Appraise - Can I Back Out? - 08/08/13 08:28 PM
The Lakeland FL Home I'm Buying Does Not Appraise - Can I Back Out? The short answer to this question is "NO".  Consumers buying a house in Florida may think that when their offer on the Florida home got accepted on either the Florida Realtors/Florida Bar Contract - Residential Contract for Sale and Purchase or the "As Is" Residential Contract for Sale and Purchase, they are allowed to cancel the contract if the appraisal comes in above the agreed purchase price.
According to Florida Association of Realtors' legal hotline, "Buyers assume wrongly that the language in the contract's financing provisions … (3 comments)

faq: Do I Really Need A Lakeland Fl Home Inspection? - 03/13/13 11:24 AM
Do I Really Need A Lakeland Fl Home Inspection?

One of the first things you should do before you decide on buying a Lakeland Fl home for sale it to have it professionally checked by a home inspector. Buying a home is already expensive enough as it is, why shell out an additional $450 for a home inspection if it’s not really a requirement? Is it really worth the investment? Can’t I just inspect the home myself? If you are asking yourself these questions and are hesitant on getting a professional home inspection, read on for the reasons why you should … (4 comments)

faq: Why You Need To Get Pre-Approved Before Buying a Lakeland Fl Home? - 03/08/13 10:39 PM
Why You Need To Get Pre-Approved Before Buying a Lakeland Fl Home?

Nowadays, for most first-time homebuyers, it would be impossible to buy a Lakeland Fl home, or any home, without a mortgage loan. Mortgages  allow homebuyers to pay off the total cost of the home by breaking the amount into monthly installments over a long period of time, usually up to 30 years. Lenders make money on this by charging interest.
Lenders can pre-approve a mortgage loan even before a buyer purchases a home. This pre-approval is a necessary step in buying a home. It is actually the first step … (0 comments)

faq: Can I Sell My Lakeland Fl Home If It Needs Repairs - 03/02/13 05:10 AM
Can I Sell My Lakeland Fl Home If It Needs Repairs
The answer is yes. I always say this, "For every home for sale there is a buyer out there, we just have to find him or her". But there are several factors you need to consider first before putting your Lakeland Fl home up for sale if it needs repairs:
1. Choice of Lakeland Fl Agent

Your choice of which Lakeland Fl real estate agent to use would be a key factor in selling your home that needs repairs. Ask your real estate agent if they have been able to successfully … (8 comments)

faq: Lakeland FL Homes for Sale - The Importance Of Title Insurance - 12/29/12 06:12 AM
Lakeland FL Homes for Sale - The Importance Of Title Insurance
Wondering why Title Insurance is so important? It’s simple - you don’t want to buy a Lakeland FL home and then you find out later on that the home you purchased belongs to someone who the home was “bequeathed” to them by their late great-grandfather. Another reason is that the previous owner had construction work done and never fully paid the contractor, which resulted into a lien or the previous owner did not pay his local or state taxes.
Title professionals seek to resolve problems like the ones mentioned above before you … (4 comments)

faq: Lakeland FL Homes for Sale - Do I Really Need A Survey? - 12/27/12 09:21 PM
Lakeland FL Homes for Sale - Do I Really Need A Survey?
In one of my recent transaction representing a home buyer who happened to pay cash for his single family home, the question he asked me was: “Do I really need a survey?”.
The answer is, Yes! The reason for this that surveys determine if you have legal access to your property and it identifies encroachments, such as a utility encroachment for the right to access the property necessary to service the neighborhood. Failure to get a survey prior to closing can be devastating to the new homeowner.  It is … (20 comments)

faq: Lakeland Florida Short Sale Agents - Frequently Asked Questions Answered - 10/25/12 01:35 PM
Lakeland Florida Short Sale Agents - Frequently Asked Questions Answered
Home owners in Lakeland FL who are financially unable to continue to pay their mortgage are always looking for answers with respect to short sales. Sellers and buyers even after about 5 years of short sales are still not sure exactly what a short sale is.
Let me help you with this question and other frequently asked questions:
1. What is a Short Sale?
Short Sale is defined as follows: The lender agrees to accept a payoff for less than the balance of the mortgage to allow the sale of the property.
2. … (5 comments)

faq: Lakeland FL Short Sales - Who Pays The Commission? - 10/02/12 12:35 PM
Lakeland FL Short Sales - Who Pays The Commission?
Who pays the real estate commission for a short sale is one of the most frequently asked question sellers have when listing their Lakeland FL home as a short sale.  The correct answer to this question is: The Seller   The listing agreement is and will always be between the property owner and the brokerage firm.  The seller's lender is not the owner of your Lakeland Florida home and therefore they don't have the title of your home.  Florida is a judicial state and title remains with owner until the lender takes title through … (4 comments)

faq: Lakeland FL - How Long Does A Short Sale Take? - 09/06/12 12:53 PM
Lakeland FL - How Long Does A Short Sale Take?
Just recently when I took a short sale listing in Lakeland FL, I was asked by the sellers, in fact I am always asked about the timeline of a short sale. So my reply to this question: how long does a short sale take, will  always be, that if I had a crystal ball I would tell you as every short sale I have represented sellers and buyers took different times.
Certainly there is always a sense of urgency from the sellers, especially when the foreclosure clock is ticking.  A short … (5 comments)

faq: Why Did You Raise The Price Of This Lakeland Florida Short Sale? - 07/18/12 05:44 AM
Why Did You Raise The Price Of This Lakeland Florida Short Sale?
The other day I had a call from a prospective buyer who was watching my listing on one of my Lakeland Florida short sales like a hawk.  This buyer called and said that,”I thought prices were coming down in Lakeland Florida, why did you raise the price on this property?”
Well, Mr. Buyer! This home is being offered as a cooperative short sale and the lender told me that the price of this home will be X amount regardless of what the property’s actual asking price may be at the time … (14 comments)

faq: Lakeland FL Sellers And Buyers Frequently Asked Questions Are Answered - 06/12/12 08:21 PM
Lakeland FL Sellers And Buyers Frequently Asked Questions Are Answered
 
Hi folks, today I want to share with you a list that Lakeland Fl home buyers and sellers most frequently asked me within the past few months.  Of course there are so many other questions you may have, for that I encourage you to pick up the phone and call (863) 619-6918 or email at petra{at} petranorris.com.  
Remember there is no such thing as a stupid question.  Each question you ask is valuable to me and I would be happy to answer any questions you may have.
Can A … (3 comments)

faq: Can A Lakeland FL Home Seller Back Out Of A Real Estate Contract? - 06/09/12 03:18 AM
Can A Lakeland FL Home Seller Back Out Of A Real Estate Contract?
  Yes! Nobody is forced to sell their Lakeland FL home, however I must caution and suggest to read on.  When signing on the dotted line and agreeing to the terms and condition of a FloridaRealtors/FloridaBar-ASIS-1 Contract you should also understand the ramification when it comes to back out of the contract by seller default. I have enclosed for anybody who is considering backing out of a contract to read the snapshot of default and dispute resolution, however I must suggest to consult with a real estate attorney:   In my experience when I'm faced … (6 comments)

faq: Should Lakeland FL Homeowners Be Present During Showings? - 06/08/12 06:39 PM
Should Lakeland FL Homeowners Be Present During Showings?
  Generally I say "No".  Unless there is a very good reason that the owners are there.  I do represent buyers and sellers and when I show homes in Lakeland FL before I enter the home I knock on their door and the buyers always ask, are they there?  Clearly in the buyers mind they are hoping nobody is home.  When the sellers are present, the buyer immediately becomes intimidated and visits are short.  Nor have I ever sold a home when the homeowner is present and followed us like a little puppy. … (12 comments)

faq: Can You Take Over Selling Of My Home Because My Agent Doesn't Answer? - 06/08/12 06:32 AM
Can You Take Over Selling Process Of My Lakeland FL Home Because My Realtor® Doesn't Answer?
I recently received an email from a Lakeland FL home owner who asked me to take over the short sale process of his home.  The email stated as follows:
I started a short sale process months ago. My agent has not move forward and the bank has been waiting for documents for a couple of months. There was an offer for my property but I can't get a hold of my agent. I started the process with the lender and was assigned a person to deal with my situation. … (3 comments)

faq: The Lakeland FL Home I'm Buying Has Termites - Now What? - 06/07/12 06:23 PM
The Lakeland FL Home I'm Buying Has Termites - Now What?
Home buyers in Lakeland FL are so excited when they have found the home of their dreams and the offer has been accepted by the seller.  They are making plans about having it painted or put in new floors, imagining how they stage their furniture, taking measurements for a new refrigerator - buyers a just very excited. Such an excitement can come to a screeching halt when during the inspections, the termite inspector discovers that the Lakeland FL home the buyers are purchasing has termites.  Termites in Lakeland FL is common … (6 comments)

faq: Do I Have To Be In Lakeland FL To View Homes? - 06/06/12 07:21 AM
Do I Have To Be In Lakeland FL To View Homes?
  This question I get usually from buyers who live in places like Germany, England and even out of state buyers from California and New York. I simply tell them, No!  You don't have to be here to view Lakeland FL homes for sale.  They are a little bit surprised when I say that I will view homes on their behalf, take lots of pictures and videos, which I'll share with them on the Internet via Picasa or their choosing.    In fact I do this quite often, once I'm hired as their exclusive buyer's … (18 comments)

faq: Lakeland FL Homes For Sale - What Are CDD Fees? - 06/05/12 07:10 PM
Lakeland FL Homes For Sale - What Are CDD Fees?
  While Planned Unit Developments (PUD) are not very common in Lakeland FL, I do get asked by prospective buyers who are interested in the Eaglebrooke Community, a PUD about CDD fees.  The Florida Statute defines CDD (Community Development District) in greater detail and you can read it by clicking here. CDD fees are incorporated into the non-advalorem taxes which finances and pays for infrastructure such as roads, electrical, water and sewer systems, parks and streetlights within such a development as Eaglebrooke and Villages at BridgeWater. CDD fees are separate from Homeowners' Association fees … (4 comments)

faq: Where Can I Find Which School A Lakeland FL Home Is Zoned For? - 06/04/12 07:15 PM
Where Can I Find Which School A Lakeland FL Home Is Zoned For?
When families relocating to Lakeland FL, the first question I get after viewing homes not only is this home located in a good school but where can I find which school this home is zoned for.   Prospective buyers are guided to the Polk County School Board's website where they can find detailed information about schools such as School Board announcements, i.e. FCAT 2.0, school calendar and much more.  Lakeland Florida has a variety of public schools such as traditional schools, magnet schools, choice schools, and charter schools.  To find out how … (2 comments)

faq: Do I Have To Be 55 Years To Live In A 55+ Community In Lakeland FL? - 06/01/12 08:43 PM
Do I Have To Be 55 Years To Live In A 55+ Community In Lakeland FL?
Writing about Lakeland FL 55+ adult communities, real estate market reports and activities, it is quite common that I often receive calls and emails from home buyers interested in 55+ adult communities.  One of the most frequently asked questions is of course "Do I have to be 55 years of age to live in a 55+ adult community in Lakeland FL?
Many 55+ Adult Communities come in many different shapes, size and forms and while the basic concept is that residency is open to all … (24 comments)

faq: Lakeland FL Homes for Sale - Final Walkthrough Why Is It Necessary? - 05/29/12 05:10 AM
Lakeland FL Homes for Sale - Final Walkthrough Why Is It Necessary?
Recently, I represented a young couple buying their first home in Lakeland FL. This young couple  read my blogs and followed my home buying tips. They were so excited to get everything so quickly that they almost forgot one last important step before they sat foot into the Title Company for closing.
I told them that I highly recommend a final walkthrough of the Lakeland FL home.  Why, the home inspections were done to our satisfaction? They replied, so I told them a true story that could save anyone who is … (3 comments)

 
Petra Norris, Realtor, Lakeland FL Homes for Sale (Lakeland Real Estate Group, Inc.) Rainmaker large

Petra Norris

Realtor, Lakeland FL Homes for Sale

Lakeland, FL

More about me…

Lakeland Real Estate Group, Inc.

Address: PO Box 92050, Lakeland, FL, 33804-2050

Office: (863) 619-6918

Mobile: (863) 712-4207

Email Me

Connect with me on How Much is Your Home Worth? Lakeland Real Estate Today on Facebook Lakeland Real Estate Today on Facebook Visit Short Sale Superstars
Follow this blog


Listings

Links

Archives

RSS 2.0 Feed for this blog