Should I get a Home Inspection

Buying a home is a major decision. There's alot of planning and research that is needed proir to purchasing a home. Of course a great buyers agent helps alleviate the pressure and the research that goes along with a purchasing home. Also another pressure reliever is a home inspection. A home inspection is almost like purchasing a car insurance prior to purchasing the car.

An inspector does a physical inspection of the structure and systems of the home. They check the electrical outlets, check each sink and faucet to find any leaks, they will check the ac system amongst many other things. After the inspection, the inspector should provide a summary report that notes repairs that are found along with a full report that is broken down with each component of the home. The components include the foundation, walls, ceilings, floors, windows, doors, heating and air systems, plumbing (interior), electrical systems and the roof. To assure that you understand the report and anything noted, I advise all my buyers to be present at the inspection. Its easier to address questions and concerns while you are there.


The amount for an inspection ranges, by sq ft of the home, region and of course the inspector.


When you are ready for your inspection you can ask your agent for a referral list of inspectors or go to your local merchant circle site to locate an inspector. You can also ask friends and family if they have used someone in the past who they would recommend.
If you want to check for mold, termites or other speciality issues, you will have to hire a specialist to come and inspect the home. home.
Should I get a home inspection? I say absolutely yes. The home inspection can prevent future major expenses; your home is a hugh investment therefore you have to do the preliminary steps prior to making that commitment. Also, remember that there is a "inspection contingency" period therefore after the inspection you can request the seller make the repairs or you can cancel the contract.
To close out, Yes, yes, yes, get a home inspection prior to closing on your home.

Ainsley Daux
Florida Realty
(813)546-1954

Is Florida's housing market bouncing back

U. S. economists: Fla.’s housing market bouncing back


According to Chief Economist Dr.John Tucillo Floida is in a mini-recovery. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.”In fact, Florida homes today may be undervalued, Tuccillo added. “That may seem like a drastic statement,” he said. “But a buyer who plans to own the home for five to seven years can get some great bargains today.
Working predominately with buyers, I have noticed the lack of iventory especially with bank owned homes. I have also noticed multiple offers on propeties and even noticed properties under contract the first day on the market. As the unemployment rate drops and lenders reduce lax there criteria, I believe will have more prospective buyers. I truly belive purchasing a home is still the "american dream" and many american want to own a home.
"Mark Vitner, senior economist at Wells Fargo in Charlotte, N.C., said the U.S. economy will continue to face significant challenges, particularly financial concerns related to the European debt crisis. But he expects the U.S. economic recovery will continue next year, making it easier for Midwesterners, for example, to buy Florida homes.“Florida’s economy is recovering, with tourism and healthcare leading the way,” Vitner said. “International tourism has been particularly strong in Miami and Orlando.”Looking around the state, Vitner said Jacksonville’s unemployment rate has dropped and home prices are stabilizing. In Orlando, prices have not yet reached bottom, he said, but the winter tourism season should help the regional economy. Tampa and Southwest Florida have seen solid job growth, with little new home construction. South Florida’s economy is growing thanks to trade relationships with Latin America and the Caribbean, while in the Panhandle, Fort Walton Beach is outperforming Panama City and Pensacola, according to Vitner.Dr. Lawrence Yun, chief economist for the National Association of Realtors®, said many Florida markets are showing sharp drops in inventories of homes for sale – a sign that demand is picking up and prices are stabilizing. “That’s a major change from just a year ago,” he said. “Buyers have stepped back into the Florida market.”Noting the state’s powerful appeal to international buyers, Yun said he was particularly optimistic about the outlook for South Florida. “Don’t be surprised to see a gain in home prices in the Miami and Naples markets in the next 18 months,” he said. “From there, the recovery is likely to roll northward to Central Florida and then North Florida.”Tuccillo noted that foreclosed and distressed properties will remain a significant part of the Florida market in 2012, but lenders are feeding these properties into the market at a gradual pace rather than pushing them out all at once.

Ainsley Daux
Lic FL. Realtor
FLorida Realty
(813)546-1954

Bank of America Extends Relocation Assitance

The Florida Enhanced Short Sale Relocation Assistance Program has been extended to Dec. 12, 2011.
This program offers enhanced relocation assistance to help encourage homeowners to engage with Bank of America on a pre-offer short sale. Homeowners may be eligible for relocation assistance between $5,000 and $20,000.*
Eligibility:

Homeowners with property in Florida
*Short sales initiated without an offer between Sept. 26 and Dec. 12, 2011
*The customer will have to be eligible for one of the without an offer programs, such as the *Home Affordable Foreclosure Alternatives (HAFA) program or Bank of America's proprietary program (specific investor participation and eligibility criteria do apply to these programs)
*Successful closing of the eligible short sale by Aug. 31, 2012

For mor information Please contact:

Ainsley Daux
Lic Realtor
Florida Realty
(813)546-1954

The Key Elements to sucessful Short Sale

What are the key elements to a succesful short sale. If you are the listing agent, the most important thing is a cooperative seller. Cooperative seller in terms of a seller who submitts the required documents at the listing appointment and when a contract has been received. Since time is of essence when a contract has been submitted, it is imperative that the seller submitt the documents to the listing agent within 48 hrs. At the short sale listing appointment, I provide the seller a list of items that is required inorder to process the short sale. The list below are documents that are required from the lender.





1.lenders short sale package,


2.the contract


3. HUD


,4.the lising agreement


5.Hardship letter


6.last 2 paystubs (if employed),


7.last 2 bank statments,


8.last 2 years w-2's,


9.T4506 form


10.A copy of the MLS listing


11.Buyers proof of funds

For more information regarding short sales.
Please call or email.
Thank you,

Ainsley Daux
Lic Realtor
Florida Realty
(813)546-1954

JUST SOLD (Tampa Bay)

Just sold this well kept 2 bedroom 1 bathroom, washer-dryer hook up condo located in north east Tampa.

Ainsley Daux

Lic Realtor

Floirda Realty

(813)546-1954

New Tampa Bay Short Sale

This is a new short sale listing in Tampa Bay. This home boast 3 bedrooms, 2 bathrooms and a garage. This Tampa Bay short sale listing is located near Busch Gardens and USF.

Ainsley Daux

Lic Realty

Florida Realty

(813)546-1954

"Im Back" Tampa Bay Short Sales

Wow.! Its been a while since I posted a comment on this blog, 5 months to be exact. No particular reason why I stopped posting comments, but "IMM BACK". The market has changed drastically in the last 5 months. It appears there is a shortage of REO or bank owned properties, there are more short sales. Good thing for the market and buyers, there are a few lenders expediting the short sale process smoothly. I have also notice there alot more cash buyers due to lenders resrition on borrowing money. Many experts believe that we should expect some gradual improvments in 2012.

According to Lawrence Yun, chief economist of the National Association of Realtors (NAR), said home sales should be stronger. “Tight mortgage credit conditions have been holding back homebuyers all year, and consumer confidence has been shaky recently,” he said. “Nonetheless, there is a sizeable pent-up demand based on population growth, employment levels and a doubling-up phenomenon that can’t continue indefinitely. This demand could quickly stimulate the market when conditions improve.”As 2011 comes to end, many of us are preparing ourselves for the up coming year. Some renters are hoping to become h omeowners and unfortunatley some home owner may become renters which is not all bad. If you short sale your home and continue to pay other open credit lines on time and avoid pulling have your credit pulled; there is a good possibility you maybe eligible to purcahse another home in 2 years. My next post will go over different ways to improve your credit. Stay tuned
Thank you,

Ainsley Daux
Lic Realtor
Florida Realty
(813)546-1954

Just Sold

I did it again. I provided my real estate expertise to assist this great family to buy a beautiful home in Wesley Chapel. The home was a foreclosed undervalued beauty. The home boast 3 bedrooms 2 bathroom and 2 car gargage built in 2006.

Ainsley Daux

RealtorHome

Run Real Estate inc

cell:(813)546-1954

fax:(866)820-1028

www.homerunrealestate.com

ainsleydaux.point2agent.com

JUST SOLD

This home boast 4 bedrooms, 3 bathrooms and almost 3000 sq ft., 2 car garage and a fenced in yard. The buyer was overwhelmed at the closing, she received $40,000 in county down payment assistance money. With the down payment assistance or DPA for short, her out of pocket expenses were minimal. Many buyers believe that the down payment assistance is a myth but I'm here to tell you it exist. In the last few years I've assisted many, many buyers utilizing down payment assistance. It does take some leg work from the prospective buyer but it can be done.
First and for most, the prospective buyer has to attend the first time home buyer class. Once the class is completed, the buyer will receive a certificate which allows them to participate in the program and receive funds if they are available. Below are a few resources to find class availability. Also, please feel free to call or email me with any questions are concerns.

Ainsley Daux
Realtor
Home Run Real Estate inc
cell:(813)546-1954
fax:(866)820-1028
http://www.homerunrealestate.com/
ainsleydaux.point2agent.com

Solita's House
(813)425-4847
http://www.solitashouse.com/

City of Tampa Housing and Community Development
(813)274-7954
http://www.tampagov.net/

Beautiful Tampa Bay

What a beautiful day in Tampa Bay today. Once again we are expecting beautiful weather today and all weekend long. This weekend is definitely a time to spend out doors; whether you’re working in the garden or manicuring the yard or hiking or biking at one of the many state parks that are available. You can have fun in the sun and head out to the beach...If you would prefer to stay indoors, the Tampa Bay Devils Rays are playing tonite as well as the Tampa Bay Lighting. After the Rays game tonite at Tropicana field you can find a great nite life nearby; you can also find a great nite life at Channel side were the Lighting is playing. If you would prefer some thing more settled, you can enjoy the Florida Orchestra this weekend or go see the play the Jersey Boys at the Straz Center on Sunday...This weekend my family and I are spending the day at the 41st Spring parade of homes. This is an annual event that provides the opportunity to view 69 furnished decorated model homes. These homes showcase the latest technology and trends in the building industry. Regardless of your weekend endeavors please have a great and safe weekend! Ainsley Daux Home Run Real Estate inc (813)546-1954

Should I buy or rent a home

Should I buy or Rent a home Today alone I was this question 3 times “should I buy or rent”…Most real estate professional will tell definitely this is the time to buy…Prices are low and interest rate are at a historical low. Before you what is your objective are you planning to reside in the home for the full duration of the loan, do you plan to relocate in the next few years, how much are you paying for rent? If you break down these pointers into categories it can help streamline your objective. “Planning to reside in the home for the full duration of the loan” If that is case, than is definitely time o buy. As I mentioned above. Prices are low, you can find a great deal on a foreclosure if you don’t mind waiting you can get a great deal on a short sale as well. Normally with the foreclosure and short sale the home will be sold at less than market value which may give you instant equity…With some remolding or even cosmetic work the value can increase..Considering interest rates are historically low with a good credit score should tie a good rate. For instance in tampa the median home price is 175,000 at a 4.5% interesrate your PI is rougly 1100 if that is a feasible monthly payment for you and you are paying that amount on a rental property, you may want to consider purchasing a home. Do you plan to relocate in the next few years If you plan to relocate in the next few years I would not advise to purchase now. I think it will be a few years before we see the market stabilize…There is a pretty big inventory of homes, so if you purchase now and plan on relocating in maybe 2 years you will be competing against short sales and other foreclosures… Ainsley Daux Home Run Real Estate inc (813)546-1954

Just Sold (Ridge Crest) Seffner

Just Sold 1401 Rowantree in Seffner...I have should written this post 2 months ag0 when I actuall sold the property but for one reason or the other I did not...This home is nestled in the Ridge Crest sub-division which is located in Seffner. Ridge Crest is 2 miles south of I4 and miuntes away from I75 and a skip and a hop from the Brandon Mall. There are total of 125 homes in this sub-division

Credit Truths and Myths about credit

Truth:
Little experience with credit can make it hard to get approved for a mortgage Lenders will look at credit history first before to deciding if an individual will be approved for a mortgage. In essence an individual looking into purchasing a home should have open and active credit accounts. These credit accounts can include credit cards; line of credit, car payment CD’s etc. make sure at least the minimum balance is paid on time monthly.

Truth:
Some creditors only report to one credit bureauYes that is absolutely true that is one of the reason there maybe a different score with each credit bureau. Also, that is why it is very important to review your credit report annually

Myth:
Paying off your loans early hurts your credit report. When you pay off a loan, your credit history is updated to reflect that and, because it's positive, typically stays on your credit report for 10 years,. (Negative information, such as a delinquency, only stays on your report for 7 years.) I advised a few clients if they paid a loan off try obtain at least a secured credit card to maintain at least 3 open revolving credit accounts.

Myth:
Your credit accounts need to be in your name only to strengthen your history. You can build up your credit history with your parents' help if they are willing to share a credit card with you, for example, or add you a an authorized user onto their accounts. "That's a good starting point.

Ainsley Daux
Home Run Real Estate inc
(813)546-1954

Google to remove real estate listing feature

Google, the largest search will take down real estate listings from Google Maps on Feb. 10. A Google spokesperson stated the real estate listing feature is simply not popular enough to justify its existence. Google first announced the tool in July 2009. Surfers using Google Maps gained the ability to find properties for rent or sale when searching locations. The spokesperson for google also stated "We’ve learned a lot and been excited to see real estate companies use Google Maps in innovative ways to help people find places to live....... yet we recognize that there might be better, more effective ways to help people find local real estate information than the current feature makes possible. We’ll continue to explore this area."

Ainsley Daux
Home Run Real Estate inc
(813)546-1954

Tampa Short Sale

North Tampa 4bedroom 2 bathroom for sale. Great rental was previously rented section. The Tampa Short Sale is sold as is.

if you any questions please feel free to contact me

Ainsley Daux

Home Run Real Estate inc

(813)546-1954

Just Sold

Ainsley Daux did it again. I just sold 1401 Rowantree, Seffner Fl.

Short sale Guide

I put a short sale reference sheet together it helps me as an agent. I also provide the reference sheet to sellers who are selling their home as a short sale.

What is a short sale
A short sale is a foreclosure alternative which allows the borrow to sell the property less than the loan payoff. A short sale can help prevent a forclosure, further collection calls.

How to start a short sale.
Home owner to make contact and iniate short sale with the lender. Once the lender is aware that the seller wants to short sale, see below for sequence


A)Send the lender an authorization letter authorizing you agent
1.Some lenders may have a short package that they can obtain online.

B)The realtor list the property
1.Once a contract has been executed, the realtor will put together a package and forward to the lender.

C) For most lenders the package will include the
1.lenders short sale package,
2.the contract
3. HUD,
4.the lising agreement
5.Hardship letter
6.last 2 paystubs (if employed),
7.last 2 bank statments,
8.last 2 years w-2's,
9.T4506 form
10.A copy of the MLS listing
11.Buyers proof of funds


Make sure all documents that require a sellers signature is signed and dated. Make sure each document has the loan number written on it. Once the package has been faxed both the agent and the seller should follow up with lender to make sure all documents were received also be sure to ask the lender when will they complete a BPO.

Ainsley Daux

Home Run Real Estate inc

(813)546-1954

http://ainsleydaux.topseller.net

You Tampa Bay Realtor

Florida Homestead

Every person who owns and resides on real property in Florida on January 1 and makes the property their permanent residence is eligible to receive a homestead exemption up to $50,000. The first $25,000 applies to all property taxes, including school district taxes. The additional exemption up to $25,000, applies to the assessed value between $50,000 and $75,000 and only to non-school taxes.
For residence living in Tampa Bay Florida the county building is located on 601 Kennedy blvd.

If you are a first time home owner, below are a few questions you may need to answer:
1)In whose name was the title to the recorded as of January 1?
2)What is the property address?
3)How long have you been a legal resident of the State of Florida?
4)Do you have a Florida license plate on your car and a Florida driver's license?
5) Were you living in the home on January 1

Ainsley Daux
Home Run Real Estate inc
(813)546-1954

Short Sale Alternatives

We all know if we are facing foreclosure the lender may give us the option to sale the home as a short sale. A short sale is a sale of a home where the proceeds from the sale may not be enough to pay off the lien owed on the home. Normally a short begins after the owner has defaulted on their loan and decides to short sale. In some cases the lender will give the seller different options such as: died in lieu, or a loan modification.
Did you know there are other programs, other HUD alternative programs. HUD has a program called "Making Home Affordable Program". This program was created by the Obama's Administration to help homeowners refinance or modify their mortgage payment. For more detailed information you can go direct to their site www,MakinHomeAffordable.gov.

Here are 2 programs:

Home Affordable Refinance
Even though there is a pretty huge mortgage deliquency rate, there are more homeowners paying their mortgage on time month in month out. Unfortunately with the value of home decreasing many of those home buyers are unable to refinance their homes to take advantage of low interest rates. A home affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac refinance into more affordable mortgage

Home Affordable Modification
Many homeowners are struggling to make their monthly mortgage payments. The Home affordable Modification will provide a modification to their loan with payments they can afford. With this program you do not need to be delinquent on your mortgage but the property ahs to be your primary residence.
Stay tuned for more information on these programs. Please feel to call or email with any questions
Thank you,

Ainsley Daux
Home Run Real Estate inc
(813)546-1954