As unfair as it seems, in most typical real estate purchases, the only one NOT represented is the buyer.
Sellers Agent - List homes and protect the seller. It is their legal obligation to convince you to buy that property at the highest price and at the best terms for the seller. Remember, if you call a phone number from a yard sign or advertisement you'll be speaking to the listing agent who is representing the Seller. See the full text of - Single Agent Notice Below
Buyers Agent - Skills are used only in the best interest of the buyer. A buyer's agent is in a stronger position in negotiations, which typically results in a lower purchase price. Buyer Agents do not charge buyers a fee. Buyer Agents are compensated by sharing the commission that the seller has agreed to pay their Listing Agent... and such compensation does not compromise our duties owed to the Buyer. See the full text of - Single Agent Notice Below
There is No Fee Charged to You for Our Services- The Top Team Agents at Charles Rutenberg Realty will devote the time, effort and expense of finding you the right property. You'll be sent and consulted on all listings in your criteria. We'll set up appointments, show properties, look out for your interests, negotiate on your behalf and assist with mortgage info.
Single Agent Notice- Florida Law requires that Real Estate Licensees operating as Single Agents disclose to Buyers and Sellers their duties. As a Single Agent, (Brokerage Company) and it's associates owe to you the following duties:
1- Dealing honestly and fairly
2- Loyalty
3- Confidentiality
4- Obedience
5- Full Disclosure
6- Accounting of all funds
7- Skill, care and diligence in the transaction
8- Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing
9- Disclosing all known facts that materially affect the value of residential real property and are not readily observable
Friday, April 15, 2016
Tuesday, January 27, 2015
Florida moves ahead of NY
January 2015
Florida "The Sunshine State", is now the third most populous state in the nation moving ahead of New York, according to U.S. Census Bureau. As of July 1, 2014 there were an estimated 19,893,297 Floridians, compared to 19,746,227 people who called the State of New York home. California remains atop the list with 38.8 million residents, followed by 26.96 million Texans. "Florida is on the way to become the number one destination for jobs and we continue to be the best place to live, work and raise a family," Gov. Rick Scott said. TopTeamWeb.com
Florida "The Sunshine State", is now the third most populous state in the nation moving ahead of New York, according to U.S. Census Bureau. As of July 1, 2014 there were an estimated 19,893,297 Floridians, compared to 19,746,227 people who called the State of New York home. California remains atop the list with 38.8 million residents, followed by 26.96 million Texans. "Florida is on the way to become the number one destination for jobs and we continue to be the best place to live, work and raise a family," Gov. Rick Scott said. TopTeamWeb.com
Tips for Agents
Tips - FIRST work on building the relationship with ANY potential customer. Instead of starting the first phone conversation with...questions about their criteria...start with 'Have you been to our area before? Do you have plans to visit in the near future...etc...(For condos - do you have pets, a boat, etc... good luck TopTeamWeb.com
Monday, February 18, 2008
Florida Property Insurance
www.TopTeamWeb.com Supplied the info.
Updates and Valuable Free Information.
Property Insurance is a hot topic for the main stream media. If a person did not do all the reasearch they might think you could not get Insurance in Florida.
Fortunately, there are many experts in the area to guide you through the sometimes murky waters of the insurance industry.
Here is a new online tool that will allow consumers to compare homeowners' insurance rates in all 67 counties. It's called www.ShopandCompareRates.com They have collected the approved homeowners' rates for 25 insurance companies, including Citizens Property Insurance Corporation, based on the following example: a $150,000 masonry home that is 5-years old, has a $500 non-hurricane deductible, a 2% hurricane deductible, has no claims, and no wind mitigation discounts. Companies have several rating territories in each county, so those rates were averaged into a single rate in each county for each company. They hope to expand this feature to include more companies and more options in the future.
www.floir.com The Florida Office of Insurance Regulation ensures that insurance companies licensed to do business in Florida are financially viable, operating within the laws and regulations governing the insurance industry; and offering insurance policy products at fair and adequate rates which do not unfairly discriminate against the buying public.
www.citizensfla.com Citizens Property Insurance Corp is a State-run insurer
As a last resort, home buyers who can't obtain insurance can turn to the state's Citizens Property Insurance Corp. which is the state's largest homeowners property insurer. The Florida Legislature created the corporation in 2002 by merging two underwriting agencies, Florida Residential Property and Casualty Joint Underwriting Association and the Florida Windstorm Underwriting Association, to provide insurance to people in high-risk areas who can't find coverage in the private market. Citizens Property Insurance is working on a system that would give policyholders the option to pay their premiums annually, semi-annually or quarterly. By spreading the payment, Citizens hopes it will alleviate financial pressures brought on by a high-risk state. But it may also mean that Citizens will have to take on more risk.
Talk to insurance companies early to find the best deal and bind the coverage as soon as possible.
When you have a good idea that you may be purchasing a property in a general area, it is recommended to start shopping around and talking to insurance companies for quotes. It's similar to what you would do for a mortgage.
A binder - is an insurance company's commitment to cover the home buyer. Just as a loan lock is a lenders commitment to lock in a rater for a specific time. Without a binder, real estate deals can be delayed when insurance companies shut off new coverage because of hurricane or tropical storm reports.
Most insurance companies track weather patterns to determine when and where to temporarily stop issuing policies. In hurricane season, before you are ready to go under contract get that binder. Buyers must put money down toward the insurance costs to get a binder, but the money will be refunded if the deal falls through.
June 15, 2007 The State of Florida approves eight insurers, limits who they can cover and pricing.
State insurance regulators have given eight new property and casualty insurance companies approval to write policies so far this year, already doubling the number of insurers that entered the market as of May last year. The companies are limited in who they will cover and at what price. Among the eight insurers approved by the Florida Office of Insurance Regulation, four are standard insurers, three are nonstandard insurers -- also called surplus line carriers -- and one is a reciprocal exchange, in which the members pay a first-year fee that becomes the initial capital for the insurer.
Updates and Valuable Free Information.
Property Insurance is a hot topic for the main stream media. If a person did not do all the reasearch they might think you could not get Insurance in Florida.
Fortunately, there are many experts in the area to guide you through the sometimes murky waters of the insurance industry.
Here is a new online tool that will allow consumers to compare homeowners' insurance rates in all 67 counties. It's called www.ShopandCompareRates.com They have collected the approved homeowners' rates for 25 insurance companies, including Citizens Property Insurance Corporation, based on the following example: a $150,000 masonry home that is 5-years old, has a $500 non-hurricane deductible, a 2% hurricane deductible, has no claims, and no wind mitigation discounts. Companies have several rating territories in each county, so those rates were averaged into a single rate in each county for each company. They hope to expand this feature to include more companies and more options in the future.
www.floir.com The Florida Office of Insurance Regulation ensures that insurance companies licensed to do business in Florida are financially viable, operating within the laws and regulations governing the insurance industry; and offering insurance policy products at fair and adequate rates which do not unfairly discriminate against the buying public.
www.citizensfla.com Citizens Property Insurance Corp is a State-run insurer
As a last resort, home buyers who can't obtain insurance can turn to the state's Citizens Property Insurance Corp. which is the state's largest homeowners property insurer. The Florida Legislature created the corporation in 2002 by merging two underwriting agencies, Florida Residential Property and Casualty Joint Underwriting Association and the Florida Windstorm Underwriting Association, to provide insurance to people in high-risk areas who can't find coverage in the private market. Citizens Property Insurance is working on a system that would give policyholders the option to pay their premiums annually, semi-annually or quarterly. By spreading the payment, Citizens hopes it will alleviate financial pressures brought on by a high-risk state. But it may also mean that Citizens will have to take on more risk.
Talk to insurance companies early to find the best deal and bind the coverage as soon as possible.
When you have a good idea that you may be purchasing a property in a general area, it is recommended to start shopping around and talking to insurance companies for quotes. It's similar to what you would do for a mortgage.
A binder - is an insurance company's commitment to cover the home buyer. Just as a loan lock is a lenders commitment to lock in a rater for a specific time. Without a binder, real estate deals can be delayed when insurance companies shut off new coverage because of hurricane or tropical storm reports.
Most insurance companies track weather patterns to determine when and where to temporarily stop issuing policies. In hurricane season, before you are ready to go under contract get that binder. Buyers must put money down toward the insurance costs to get a binder, but the money will be refunded if the deal falls through.
June 15, 2007 The State of Florida approves eight insurers, limits who they can cover and pricing.
State insurance regulators have given eight new property and casualty insurance companies approval to write policies so far this year, already doubling the number of insurers that entered the market as of May last year. The companies are limited in who they will cover and at what price. Among the eight insurers approved by the Florida Office of Insurance Regulation, four are standard insurers, three are nonstandard insurers -- also called surplus line carriers -- and one is a reciprocal exchange, in which the members pay a first-year fee that becomes the initial capital for the insurer.
Saturday, February 16, 2008
Florida Real Estate Market Research
www.TopTeamWeb.com
Feb 2008 - In the Tampa Bay Florida On Average - Property under 250,000 is in a stable buyers market. $250,000 to $500,000 is in a good buyers market. Property over $500,000 is in an extreme buyers market...meaning more price reductions and better negotiating.
The market has stabilized in certain areas of Tampa Bay Florida. Overpriced properties still exist and sellers are hoping for an uniformed buyer to show up. That will not be you, when you use exclusive buyer representation.
Two years ago many Investors played musical chairs with investments and bought overpriced real estate they intended to 'flip' or sell for a profit. Many since....have sold for losses...sometimes substantial. I represented and negotiated a deal recently for a buyer and the seller took an $85,000 loss on a $425,000 investment property that was a vacant and on the market for over 9 months.
Proper research and facts in this current market are critical. Don't judge real estate nationally...but locally.
Remember, you are probably considering buying only one property at this time.
Listing Agents represent the Sellers....so have a Buyers Agent find out......
How much did they pay and when?
How much mortgage debt remains on the property. Was it a secondary residence?
Is it vacant?
What did others pay going back to when the unit was first built.
How many days has it been on the market with the current listing agent?
How many other listing agents marketed it and for how long?
What are comparable properties selling for in the last 6 months.
What is the condition of the property?
Feb 2008 - In the Tampa Bay Florida On Average - Property under 250,000 is in a stable buyers market. $250,000 to $500,000 is in a good buyers market. Property over $500,000 is in an extreme buyers market...meaning more price reductions and better negotiating.
The market has stabilized in certain areas of Tampa Bay Florida. Overpriced properties still exist and sellers are hoping for an uniformed buyer to show up. That will not be you, when you use exclusive buyer representation.
Two years ago many Investors played musical chairs with investments and bought overpriced real estate they intended to 'flip' or sell for a profit. Many since....have sold for losses...sometimes substantial. I represented and negotiated a deal recently for a buyer and the seller took an $85,000 loss on a $425,000 investment property that was a vacant and on the market for over 9 months.
Proper research and facts in this current market are critical. Don't judge real estate nationally...but locally.
Remember, you are probably considering buying only one property at this time.
Listing Agents represent the Sellers....so have a Buyers Agent find out......
How much did they pay and when?
How much mortgage debt remains on the property. Was it a secondary residence?
Is it vacant?
What did others pay going back to when the unit was first built.
How many days has it been on the market with the current listing agent?
How many other listing agents marketed it and for how long?
What are comparable properties selling for in the last 6 months.
What is the condition of the property?
Pent Up Demand means Bargains
www.TopTeamWeb.com
1st Quarter 2008
Realtors around the state of Florida expect buyers and sellers’ pent up demand to generate an immediate increase in home sales following passage of Amendment 1, which allows buyers to take their Save Our Homes tax savings with them when they move.
“People who buy now are getting a great deal because home prices have fallen,” says FAR President and St. Petersburg Realtor Nancy Riley. “These price reductions, combined with portability, will mean a great deal on the taxes owed on their new home.” "Those who have been dreaming of buying their first home will find this the best market in many years.”
1st Quarter 2008
Realtors around the state of Florida expect buyers and sellers’ pent up demand to generate an immediate increase in home sales following passage of Amendment 1, which allows buyers to take their Save Our Homes tax savings with them when they move.
“People who buy now are getting a great deal because home prices have fallen,” says FAR President and St. Petersburg Realtor Nancy Riley. “These price reductions, combined with portability, will mean a great deal on the taxes owed on their new home.” "Those who have been dreaming of buying their first home will find this the best market in many years.”
Has the Market Bottomed part 2
http://www.tampabaycondosale.com
Feb 2008 - Each transaction is individual. Many recent sales were rock bottom purchases for the Buyers.
A few recent examples for your consideration
2BR 2BA Waterfront Condo MLS# 7256439 Orig List Price: $525,000 Reduced to List Price: $484,500
2007 SOLD Sales Price: $250,000 Address: 895 Gulfview Blvd S 303 Clearwater, FL
--------------------------
3BR 2BA Waterfont Condo MLS# 7251356 Orig List Price: $639,000 Reduced List Price: $574,000
SOLD Sales Price: $480,000 Address: 530 Gulfview Blvd S 702 Clearwater Year Built: 2006
--------------------------------
2BR 2BA Gulf Front Condo Clearwater Beach Orig List Price: $524,900 - SOLD Sales Price $406,250
We believe the market is ripe for bottom pickings
Feb 2008 - Each transaction is individual. Many recent sales were rock bottom purchases for the Buyers.
A few recent examples for your consideration
2BR 2BA Waterfront Condo MLS# 7256439 Orig List Price: $525,000 Reduced to List Price: $484,500
2007 SOLD Sales Price: $250,000 Address: 895 Gulfview Blvd S 303 Clearwater, FL
--------------------------
3BR 2BA Waterfont Condo MLS# 7251356 Orig List Price: $639,000 Reduced List Price: $574,000
SOLD Sales Price: $480,000 Address: 530 Gulfview Blvd S 702 Clearwater Year Built: 2006
--------------------------------
2BR 2BA Gulf Front Condo Clearwater Beach Orig List Price: $524,900 - SOLD Sales Price $406,250
We believe the market is ripe for bottom pickings
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