How Long Will A Short Sale or A Foreclosure Stay On Your Credit
As a CDPE (Certified Distressed Property Expert) in the Tampa Bay real estate market, this is a question that we get all of the time and it seems that no one wants to answer it for homeowners who are in distress. The reason for that is that there is HUGE liability to giving out incorrect…Read More »
Palm Harbor Real Estate Agents on Selling Now vs. Waiting?
Palm Harbor real estate agents with a family exercise and market insights to help decide if sell your Pinellas home now makes sense for your family.
Homes for Sale in Pinellas and The 2,000 Pound Elephant
Of the homes for sale in Pinellas, Pinellas MLS statistics reveal that distressed properties remain the elephant in the room. In fact, 56.2% of all the contracts written in October were short sales or foreclosures. If you’re looking at all of the Pinellas County homes for sale for that new dream pad to call your own, what does…Read More »
Palm Harbor Realtors on Why Getting a Mortgage Gets Tougher Every Day
As Palm Harbor Realtors we’ve been studying up on the Financial Reform Act that became law last month. Government regulators will be interpreting the law and creating rules for years to come, so it’s too early to tell how many of the facets of this sweeping legislation will affect you the homeowner. In July, RISMedia reported that CMPS Institute (a leader…Read More »
Why Be a Sheep? A Pinellas Realtor Rant on Home Buying and the Lowest Interest Rates since 1971
As Pinellas Realtors we scratch our heads at the fear some people have about home buying today (when they should have been scared 5 years ago but many of us were too busy following the herd). The real, experienced investors now are gobbling up homes for cash. Over 50% of Pinellas County Homes for Sale are going for cash now! …Read More »
Buying Pinellas Real Estate? The New MUST-KNOW Mortgage Disclosure Rules: The Mortgage Disclosure Improvement Act (MDIA) starts July 30th
On July 30th, 2009, the Federal Reserve Board’s new Mortgage Disclosure Improvement Act (MDIA) goes into effect. It’s mostly good news for if you’re refinancing your home or buying Dunedin real estate, yet it does mean that it could take longer to close on your home loan. Here are the facts simplified: This mandate will apply to…Read More »
FHA Loans for Pinellas Home Buyers
If you’re looking to finance a Pinellas short sale or Pinellas foreclosure and have 3.5% for a down payment, then an FHA loan is your ticket to home ownership. The FHA is not a lender, nor do they set interest rates. The Federal Housing Administration is a federal government agency (a division of the U.S. Department of…Read More »
First Time Homebuyer Tax Credit for Pinellas Real Estate: The Truth, The Whole Truth, and Nothing but the Truth
The American Recovery and Reinvestment Act of 2009 was the heavily debated economic stimulus package that was signed into law in February of 2009. The home buyer tax credit is a component of this package and was created to promote home ownership. The bill originally provided for an $8,000 tax credit available to first-time home buyers for the…Read More »
Beware: Don’t Miss the Boat(s) on Your Pinellas Real Estate Purchase! How Rising Mortgage Interest Rates Hurt Your Bottom Line … Even in a Declining Market
As Pinellas real estate prices have continued to drop each month, some Pinellas home buyers continued to play it cool, sit back and wait until a particular Dunedin Fl neighborhood becomes affordable in their eyes. Beware! There’s another boat you don’t want to miss. Conventional interest rates had been hovering at historic lows of 4.75% –…Read More »
Buying Pinellas Real Estate? FHA Loan Limits Increased!
HOT OFF THE PRESSES: If you’re considering purchasing Dunedin real estate, and have just a little cash for your down payment, note that the FHA loan limits for Pinellas, Hillsborough and Pasco counties just increased back to their early 2008 levels of $292,500. This news is so fresh the FHA hasn’t even updated its website,…Read More »
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Copyright © 2012 Mid Florida MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Real estate listings held by brokerage firms other than Suncoast Partners @ RE/MAX ELITE Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 5/21/12 4:14 PM PDT.