If you were considering a Florida Waterfront Home and have doubts after Hurricane Irma hit. Consider this.
You can buy a Florida Home not directly on the water and pay a lot less with less stress for a newer home. Many waterfront homes are older, overpriced and susceptible to flood damage
from Hurricanes and storms. Also insurance is higher than a home that is not in a flood zone. However, some waterfront homes are Hurricane Resistant. We will consult with you if you want
a home directly on the water.
You can rent a boat anytime or we can find out if you can park your boat on a trailer in your driveway, side of home or nearby Marina for any homes that interest you. You can drive to
the beach within minutes and buy a Florida inspected Home up to Hurricane codes not in a flood zone and pay a lot less.
Florida has one of the strongest building codes in the country. Passed statewide in 2002 after Miami-Dade County beefed up regulations in the wake of Hurricane Andrew in 1992, the new rules required newly built homes to have stronger fasteners that prevent their roofs from blowing off, nails insteadof
staples, and impact-resistant windows in certain areas. Hurricane Irma in Sept 2017 and the damage is still being calculated
CLICK HERE Get Full Details on any Homes above plus others via Email
Free No Obligation Info We will run a free search and Email you all homes in your criteria Contact Us Here
Searching for a New or Newer Home on a Golf Course in the Tampa Bay Florida area? Or a waterfront property with a pool and direct Gulf boating access. Let us know..
We have decades of real estate experience searching and satisfying our buyers.
Add your comments or questions and read articles Google Plus
Get Email with Full Details on All Tampa Bay Real Estate You Choose Free Search Here
Our New Home Real Estate Buyer service is actually Free to you. You get our exclusive representation at no cost, as the fee comes from the builders funds. Also, home builders and their listing agents represent their own interests and not yours. We offer exclusive buyer representation
without any fees. Knowledge is Buyer Power ! Let us inform you. Consult with us, before you make a commitment on any
Tampa Bay Florida Home. Free No Obligation Consultations CLICK HERE
Don't Reveal Personal Information to Sales Agents or Builders until you know your rights
Start with a Pre-approval - Before buyers look at either new or existing homes, you should make sure they consult a lender to get a pre-approval for a mortgage, so they understand their budget and know they can qualify for a loan when they're ready to buy. Many builders offer incentives for buyers, including offering to pay closing costs, so the out-of-pocket costs of buying new are often lower than buying an existing home. Seminole Florida New Homes For Sale
It's important to distinguish between a pre construction or to-be-built production home and a newly built home that's finished or almost complete. Some home builders require a buyer to buy the land and take out a construction loan, other builders will finance a custom home just like a production home. A construction loan usually requires a down payment of at least 20 percent and excellent credit. The process is a little different, too, because the lenders will need to disperse funds to the builder at various stages of construction and then sometimes require a second appraisal and closing when the home is complete.
When a home buyer decides to make less than a 20 percent down payment on a conventional loan, (PMI) private mortgage insurance is required to limit some of the potential risk for the lender that is added on to the monthly payments. Fannie Mae and Freddie Mac also add their own extra charges on low down payment mortgages. The lower your credit score and the smaller your down payment, the higher the add-on fees charged.
When a home buyer has a FICO score in the mid to upper 600 area and you want to make a very small a down payment then FHA offers a 3.5 percent minimum down payment. In 2015 FHA slashed its own premiums and they're now the less-costly choice below 700 FICO.
Real Estate News- From the Bottom Up - Home Builders are growing more optimistic after seeing more people express interest in real estate buying. Sales of previously occupied homes are at their highest level in 2 years. More first-time home buyers are making purchases. The supply of homes are falling to its lowest point in nearly seven years, which could push home prices higher. Homes are the most affordable they've been in decades. And mortgage rates have never been cheaper.
Florida Real Estate Short Sales Foreclosures and All Transactions