CALL ME ANYTIME to discuss your specific plans, so I can help you make them come true.
CURRENT RATES - with No point
30 yr. Conventional fixed rate @ 4.25%
15 yr. Conventional fixed rate@ 3.75%
5/1 Libor Arm w/ 5/2/5 Caps @ 4.00%
FHA 30 yr. fixed rate @ 4.125%
VA 30 yr. fixed rate @ 4.00%
MEDICAL PROFESSIONAL 30 yr fixed @ 4.375%
RATES ARE STABALIZING AT AROUND 4% FOR NOW!
LOCK IN YOUR RATE! DON'T DELAY!
Updated on 2/13/19
Buyers Guide to Closing Costs
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WHY WESLEY CHAPEL AND LAND O LAKES AREA?
We have many newer homes in Wesley Chapel and Land o Lakes, but you must hurry, you must be pre-approved for your mortgage, and you must be watching the new listings. The inventory is really low and the new listings are selling quickly.
We have starter homes, retirement homes and large luxury homes in gated communities. We are fortunate enough to have the best A-rated schools here with all the extra-curricular programs and activities for our extraordinary students. Sports is a big deal in Pasco County so we have some of the best sports parks in the state with both recreational as well as competitive sports for all ages. We have new Hospitals, and the best health care in Land o Lakes and Wesley Chapel, Churches, Restaurants, Movies, and many shopping centers including the Shops at Wiregrass Towne Center in Wesley Chapel and the new Tampa Outlets in Lutz. There are so many attractions only a few miles away, lots of golf courses and plenty to do. Pasco County, Land o Lakes and Wesley Chapel are known for their lower taxes than Tampa, and lower insurance rates for your home and car.
The Wesley Chapel & Land o Lakes area is the best place to live in the Tampa Bay Area!
IF YOU DON'T SEE WHAT YOU ARE LOOKING FOR IN LAND O LAKES AND WESLEY CHAPEL, I CAN FIND IT FOR YOU. CALL OR TEXT ME. 813-714-9737 DEE
WHY IS NOW THE BEST TIME TO BUY A HOME?
• It is no longer a buyer’s market in the Wesley Chapel, Land o Lakes. We have less than 3 months of inventory. Prices are still low, but increasing making your new purchase go up in value quickly.*
• Real estate continues to be a great financial investment. The average return on a three to five percent down payment over 10 years is historicly three to TEN times greater than stock market returns.*
• Research shows that prices are on the way up in the Land o Lakes and Wesley Chapel market. Inventory is low and so prices are increasing.*
• Mortgage rates are going up but still low. Capturing these low rates now means your monthly payments are lower and much more affordable than they will be in a year or so. To maximize your investment check your interest rates and payment on a 15 year loan*
• Amendment 1 allows Florida homeowners to transfer their “Save Our Homes” tax benefit from their old home to a newly purchased home. Upsizing or downsizing, this is the best time to buy.
*Information courtesy of the National Association of REALTORS®.
WHY PASCO COUNTY & WHY LAND O' LAKES - WESLEY CHAPEL AREA?
Top 3 reasons:
1 - Lower taxes than Hillsborough and Pinellas Counties, and lower car insurance!
2 - With the huge Tampa Outlets and Business Center, there is a great deal of new employment coming to this area. The Shops at Wiregrass are a great place for shopping and monthly planned entertainment.
3 - All the main north & south highways into Tampa come through some part of Land o' Lakes & Wesley Chapel. Easy access to work in Tampa. It is said you can be just about anywhere in Tampa from Land o' Lakes, or Wesley Chapel in about 30 minutes - give or take a few.
***CHANGE YOUR ADDRESS ON LINE ***
*** SAVE SOME MONEY ON ENERGY AND WATER *** energystar.gov
*** BE WATER WISE epa.gov/watersense
*** DO YOU WANT TO KNOW 10 WAYS TO SAVE ON YOUR INSURANCE BILL? ***
From Alex Sink our former Florida Cheif Financial Officer in charge of the whole budget for the state of Florida.
1) Increase your insurance deductible
2) Actual cost rather than replacement coverage on contents
3) Avoid being over-insured
4) Drop coverage for fences, gazebos, garden sheds
5) Maximize hurricane mitigation credits: hip roof, strap & clips, windstorm shutters, shatter proof windows
6) Burglar & Fire alarm discounts
7) Homes under 10 years old may qualify for 20% discount
8) Be wind-coverage claim free for 2 years can save 5%, nine years saves 20%
9) Group your home auto, boat, policies with the same insurer.
10)Get a Wind Mitigation inspection on your older home to find out if you are eligible for Homeowner Insurance discounts.
*** DID YOU KNOW? ***
If you are getting a mortgage, or selling a home with a mortgage, it may cost you more to close on a Friday, Monday, or just before or after a holiday? For a period of one to five business day or more while the funds are in transit, you may pay interest on the old mortgage and/or the new one... this is also true with a refinance. Don't you think you should minimize the damage by settling in the middle of the week?
WHAT IS A FORECLOSURE?
A foreclosure is a property that the lender or other third party has taken possession of by law suite for one reason or another, usually for non-payment. The lender now owns the property and is in a hurry to sell it.
WHAT IS A SHORT SALE?
A short sale is when a home is sold for less than the seller owes on the mortgage, whether they bought it too high, or refinanced it too high, or lost their job, had to move out of the area, when it sells the payoff to the lender is short, thus the name short sale. A pre-foreclosure can be a short sale, though not all short sales are in default yet. A preforeclosure means the borrower has stopped making payments and the lender is in the process of suing the borrower to take the home back. The lender would rather have us sell it. If we can sell it before the lender takes possession everyone wins, even the lender because it is very expensive for the lender to own the property.
Ordinarily, with a short sale, you will get a home in much better condition, when compared with bank-owned properties. Realistically, it will take AT LEAST 3-6 MONTHS to close one, once you are under contract, because of the number of short sales the lenders are dealing with and yours will have to wait its turn. You must be patient with a short sale purchase!
CAN WE NEGOTIATE A FORECLOSURE OR SHORT SALE PRICE?
YES. We can.
WHY IS IT BETTER TO BUY A SHORT SALE BEFORE IT BECOMES A FORECLOSURE?
It is so much better to buy a short sale because:
1)you are going to buy a property in good shape, at below appraised value before it goes into foreclosure.
2)you are helping the economy. A Foreclosure has a very negative impact on the economy in many ways.
3)it helps the looks of our neighborhoods, because foreclosures are usually unkept, and in disrepair.
4)Short sale properties are usually in very good condition. Once it becomes foreclosure, the vandals move in and destroy the property.
5)you are helping a family sell their home who is much in need of your help. In most cases it is a real hardship that has forced the sale. Good karma will come from it.
6)many times you don't have to make the costly repairs needed to get a foreclosure back into shape.
So as you can see Short Sales are a great value.
WHAT IS A REO?
REO stands for Real Estate Owned and it means the lender owns the property. Some are foreclosures, some, called a deed-in-lieu have been turned over to the bank without the law suite. The lender will list it with a broker. The lender must keep very expensive insurance on the property, utilities, pay the taxes, pay HOA fees, and keep the lawn mowed etc. Vandalism is a problem with these properties. They are sometimes in very poor condition. The bank may not want to pay a lot of closing costs that are usually paid by the seller, and they may not want to help the buyer with any closing costs. But this can sometimes be negotiated in sometimes.
CAN WE NEGOTIATE ON REO's?
YES. After it has been on the market for 60-90 days. Lenders don't like to own property... especially damaged property. Make an offer.
WHAT ABOUT NEW HOMES? SHOULD I BUY A NEW HOME NOW? Now is a good time to buy a new home, but be cautious. Some builders are giving Huge discounts on new homes in their inventory. These are spec homes with popular upgrades, and homes where the buyers were not able to close when the time came. You need help to determine if you are paying too much. There are all kinds of incentives, but beware. Some incentives come with tax consequences. You get to pick your colors, your appliances are all brand new, and no one has ever lived there before you. Sometimes there are upgrades, closing costs and other incentives your realtor can get for you. You need someone on your side who cares about you getting the best deal with the knowledge to SAVE you money and guide you to the best deals in Wesley Chapel and Land o Lakes. It is always a good idea to have someone on your side that has done this before. And remember, the cost of the Realtor's commission is built into the price, so you are paying for a Realtor whether you have the advantage of their vast knowledge or not. Call me today for more information or to help you find a great deal on a new home.
IS IT BETTER TO HAVE A REALTOR WHEN BUYING A NEW HOME?
The RIGHT REALTOR, YES! One who is experienced dealing with the builders.You will be paying for a Realtor whether you have one or not. Have you ever dealt with builders before? Do you know they may SEND YOU A 1099 for "incentives" they "give" you? That means you will pay Federal Income Taxes on them next year. You will sign lots of papers, and you will sign a paper in the stack that says you know that, but they probably won't explain this to you. Do you know it is common to pay about twice as much closing cost on new construction? YOU PAY THE BUYER AND SOME OF THE SELLER CLOSING COSTS. There are ways around that. And there is more. My best advice is to READ EVERYTHING YOU SIGN. You can't change it but at least you will know what you are getting into. Some builders are negotiable, some aren’t. Some builders you should be very CAUTIOUS of. All of them will treat you better if you ARE WORKING WITH A REALTOR. Why? Because #1 We know when they are up to something :-) , #2 We bring them a lot of buyers, they want our clients to be happy, and #3 If there is a problem we can handle it for you easier than you handling it yourself... one less thing.
REMEMBER THIS: The nice people at the model center WORK FOR THE BUILDER, even though they seem to be on your side, they are NOT! You should be CAUTIOUS!!! They don't tell you everything. READ EVERYTHING YOU SIGN... and take me with you. I will help you through it. It does NOT cost more to have your Realtor on the contract with you. It may save you a lot of time, money and trouble.
DOES EXPERIENCE SAVE ME MONEY?
YES! Don't you need someone on your side ... WHO HAS DONE THIS BEFORE? Never buy a new home without a GOOD BUYER'S AGENT who is experienced with builders! Otherwise it can cost you a lot of money.
BUILDERS & YOUR DEPOSIT
Did you know, IF YOU LOST YOUR DEPOSIT TO A BUILDER, you may be able to get it back... with interest. ILSA is a Federal Statute that was enacted in the late 1960's. Were you offered a Property Report by the Builder/Developer? If not, you should talk to a lawyer about getting that deposit back along with interest, court costs and attorney fees. Just saving you money whenever I can.
BUT I HAVE TO SELL MY HOME FIRST?
If you are selling a home to buy a new home, I can help you coordinate that, so you are NOT homeless, or stuck with 2 homes in the process.
There are so many ways WE CAN SAVE YOUR HARD EARNED MONEY. Please call or text me. 813-714-9737