Home Relocation Archives | Bold Real Estate Group

Short Sale Vs Foreclosure

October 29, 2018 By Realtor Millie Gil

Short Sale Vs Foreclosure. Whether you are a buyer or a borrower or seller, a short sale and foreclosure each present different advantages and difficulties. Essentially A foreclosed home is one wherein the owner is unable to create his mortgage loan obligations and the bank repossessed your home. The lending institution assumes ownership and ownership of the property, evicting the borrower. These properties are then sold in auction or more conventional means using the service of realtor. A foreclosure can harm the credit score of a borrower, and make it too hard to obtain a mortgage for several years.
Depending upon the condition that you live in a foreclosure may work in various manners. Pay attention to the foreclosure process info over here in the HUD Government site. What Is A Sale? In a short sale, the borrower still owns the house. The definition of a brief sale is A brief sale is a sale of property wherein the profits from selling the land will fall short of the remainder of debts secured by liens against their land, and the land owner can’t afford to repay the liens full sums and in which the lien holders consent to release their lien on the real property and take less than their amount owed on their debt In many cases, a brief sale is a choice agreed upon borrowers and lenders.

The unpaid balance might or might not still be owed by the debtor. This option normally takes a time, as a few distinct lending institutions might own the mortgage. All parties who’ve a stake in the land must agree to the conditions of the sale, and a possible deal may fall through if even one lender does not agree. Short Sale vs. Foreclosure Your Options – While both options may have ramifications, a brief sale frequently has less of an impact on their borrowers creditworthiness. A foreclosure may impact a borrowers credit rating by 300 or more points, in which a brief sale might only dent the credit rating by 100 points.

Borrowers who’re foreclosed on are frequently ineligible to buy another home for five-7 years with a conventional mortgage, where under certain conditions, a brief sale borrower can buy immediately. As many Americans struggle with an economics which has yet to fully recover from the 2008 crash, people are having difficulty making monthly mortgage payments. Choosing between being precluded and initiating a short sale is a simple option for a borrower having problems paying their mortgage on time. Occasionally, lenders are willing to work with borrowers to complete a brief sale, to avoid their fees and time intensive procedure for conducting a foreclosure. Our proposal is always this. Engage with your lender and discuss manners that they might work with you on your loan.

We’re here to help you in all your Florida real estate matters, starting with arriving at decisions that let you feel comfortable. I hope you’ll give us a call! Search Florida homes for sale Here

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Millie Gil is Broker-Realtor for Bold Real Estate Group, fluent in English and Spanish with a strong network of Real Estate Professionals Worldwide. Millie says “we are committed to providing a high level of service over and above the customer’s expectations. It is our goal to become your Realtor for life”.

Online Contact: Click Here Phone/Text: (772) 224-1634

Florida Moving Do’s and Don’ts

April 9, 2017 By Realtor Millie Gil

Florida moving Do’s and Don’ts. When you first contemplate packing and moving to or from Florida, it’s advisable to take a deep breath first, then close your eyes and mentally recall the best, most positive moments from past moves.
Okay, if there aren’t any of those, try thinking of some bracing truism like “This, too, shall pass” or “The night is darkest just before the dawn.” Realistically, the packing and moving will be over before you know it. Those visions of jackknifed moving vans and your good china strewn across the Interstate…they’re NOT going to happen!

Not only that, but you can do some painless preparation for the move, whether or not you decide to go with one of Florida’s professional movers. Here are some reminder do’s and don’ts. Let’s take the don’ts first:

DON’T:

Don’t procrastinate if there is any possibility that you will be using professional movers. The best movers can be booked up months in advance, especially if you think you’ll be moving near the end of the month. Get on-site written estimates, of course.
Don’t water plants for a couple of days before the move.
Don’t buy just one black marker. You WILL set it down somewhere and lose it as soon as the packing gets ferocious (which is when you most need to mark the cartons with where they’re going).

…and my favorite:

Don’t move boxes you haven’t opened since your last move!

DO:

Take out the measuring tape and determine the dimensions of the destination areas meant to house your furniture. You can avoid going to the trouble and expense of moving furniture that’s too large to fit…(think of it as garage sale fodder).
Start collecting cardboard boxes early. All sizes come in handy. There can’t be too many of the small boxes for fragile items: well bubble-wrapped, they’ll fit inside the larger ones.
Leave folded clothing inside dresser drawers. You can move the drawers separately if they make the whole thing too heavy (professionals will just pick up the whole thing).
Take your time when it comes to unpacking. This can actually be quite fun to do: to arrange things exactly as you want them to be in your new place! Remember these moments, so the next time, you’ll be able to close your eyes and mentally recall the best, most positive, etc.

Some people do put off hunting for a new Florida home because of the dreaded packing and moving that goes along with a change of digs. But if your family’s lifestyle has outgrown your current residence, most of the trauma of moving can be avoided by a little pre-move organization. I help with more than just buying and selling: my Florida real estate clients are able to count on my assistance in all aspects of the process, every step of the way!

Millie Gil, Broker-Realtor is fluent in English and Spanish with a strong network of Real Estate Professionals Worldwide. Other real estate blog posts by Millie Gil

Online Contact: Click Here Phone/Text: (772) 224-1634

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Florida Home Relocation Tips: Nuts and Bolts of the Move

March 10, 2017 By Realtor Millie Gil

Florida home relocation tips. If you go looking for new ideas to make a relocation to or from Florida easier, it’s amazing how often the words “stress” and “relocation” appear in the same paragraph. The most universally agreed-upon method is to separate the two by hiring relocation professionals—not surprising since many of the most-read articles are authored by people involved in the industry. But the runners-up when it comes to relocation are either work-related (for those who are making the move to change jobs) or moving-related (the nuts and bolts of a household move).
Since I’m involved in moving-day drama reduction on behalf of my clients, some of the tips are those I’ve seen work wonders. The first one is something you can get started on long before any move is on the calendar:

Stockpile cartons, bubble wrap, padding paper—even those peanut-shaped plastic fillers. More and more, Florida residents are buying everyday items online, so the shipping cartons and packing materials inside are a lot easier to come by. The only issue is creating an area where you can hoard them.
As relocation day nears, be sure to have the other basic packing materials on hand: those disposable heavy-duty Scotch shipping tape rollers and a couple of magic markers.
Within reason, try to sell everything you can (they’re not called ‘moving sales’ for nothing). Especially if you are moving out of Florida using professional movers, the weight saved can make a meaningful difference on the expense side. If you are fond of shopping, there’s even the bonus of replacing shopworn items with new ones at the other end of the move.
Think forward; pack backward. Imagine the ideal order for unpacking (label an “open 1^st” box, “open 2^nd” box, etc.), then line them up backward, so that the “1^st” box will be first to be unloaded and easiest to spot.
In connection with that earlier “sell everything” tip, once ensconced in your new home, resist the urge to rush right out to complete every room’s decor. Experts agree that this is one of the most common reasons that relocations wind up with expensive cost overruns. Relax for a few low-stress days as you unpack at a leisurely clip. Plan to give yourself ample time to figure out what’s really indispensable in your new environment.

The single extra “Top Tip” that most relocation counselors agree upon? It’s Number 6—to avoid falling into the trap of assuming that a simple Florida to Florida move doesn’t also take some degree of preparation. Above all, pack fragile items as carefully as if they were headed across the Florida border!

Please don’t hesitate to call me for local recommendations when it comes to a move from or to the area: I’ve spent years collecting a solid slate of proven Florida resources!

Millie Gil, Broker-Realtor is fluent in English and Spanish with a strong network of Real Estate Professionals Worldwide. Other real estate blog posts by Millie Gil

Online Contact: Click Here Phone/Text: (772) 224-1634

Palm Beach, Palm City, Port St Lucie, Stuart, Jensen Beach, Hutchinson Island

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Real Estate Professionals…. We’ll take great care of your referrals

The Absolute Best Time for Buying a Home in Florida is Now

March 5, 2017 By Realtor Millie Gil

The Absolute Best Time for Buying a Home in Florida is Now
To end the suspense, the answer to the title question about when is the optimal time to buy a home in Florida has been officially answered. The answer is, more or less, “now.” All right, there’s an alternate answer, “as soon as practical”—but that is a less dramatic-sounding version of the same thing.

The official nature of that answer is due to its source, generally considered to be the apex of the residential real estate industry: the National Association of Realtors^®. The “®” is there after “Realtor” because the group literally owns the word “Realtor”—that’s how much of an industry leader the NAR is!

I’m a member because of all the resources it makes available for the benefit of my Florida buyers and sellers of real estate. Among the raft of those is a steady stream of research about the market, new and proposed Florida and national legislation, and a wide range of new information about selling and buying a home.

Since its pronouncements need to accurately reflect conditions throughout the country—informing more than a million brokers and agents—its words are (as you’d expect) carefully weighed. Which brings us around to the single best time for buying a home, which the Association shared on January 23: “before 2017 ends.”

Three “crucial” reasons were presented in Lisa Gordon’s presentation, each of which is hard to argue with:

Tick! tick! Mortgage rates are rising. No one can be 100% certain of future offerings by Florida’s home lenders, yet there has seldom been such unanimity in signals that the future points upward. That means that who lock in rates early should see meaningful savings when it comes to buying a home. To drive the point home, the article harkened back to 1981 and the 18% mortgages buyers had to face. Today it hovers above 4%.
Tick! tick! tick! Fewer homes on the market. This national trend has consistently moved in the same direction. By November, the number of homes on the market had fallen by nearly 10% from the previous year: a precipitous drop. The Florida listings aren’t always in lockstep with national trends, but the potential for even stiffer competition between buyers when spring and summer activity peaks is quite real.
Tick! tick! tick! tick! Prices are still rising. “We have yet to see a price ceiling,” is what one agent says—and the sales figures bear him out. After the 5% rise in 2016, even pessimistic projections anticipate higher prices.

For sure, neither the NAR nor I are neutral observers when it comes to selling and buying homes—so the hurry-up reasoning might warrant a degree of skepticism. But the changes in Washington have added a new factor barely touched on in the NAR piece: uncertainty. If you are among those planning on buying a home in Florida at some time in the future, that might be the most convincing argument of all. The current listings and Florida’s real estate environment are knowns—and they are, by historic standard, pretty terrific. You’ll be able to confirm that yourself when you give me a call!

Millie Gil, Broker-Realtor is fluent in English and Spanish with a strong network of Real Estate Professionals Worldwide. Other real estate blog posts by Millie Gil

Online Contact: Click Here Phone/Text: (772) 224-1634

Palm Beach, Palm City, Port St Lucie, Stuart, Jensen Beach, Hutchinson Island

Let’s Connect!

Real Estate Professionals…. We’ll take great care of your referrals

Including a Home Warranty Can Cinch Port Saint Lucie Sales

September 13, 2016 By Realtor Millie Gil

Port St Lucie Home

Including a Home Warranty Can Cinch Port Saint Lucie Sales

When last week’s surprising news (on the plus side) about consumer confidence was announced, it was one more sign Port Saint Lucie homeowners might have felt nudging them in the direction of putting their home on the market. U.S. confidence rose to an 11-month high in August—a turnaround from consumer blahs that had ruled during the first half of the year.

Even when there’s some time pressure to sell your Port Saint Lucie home, one snag that can stall the decision—especially for those with older homes—is the thought of the cost of bringing the place fully up to date. Even if the mechanicals (heating and cooling systems, plumbing and electrical) are actually in perfectly fine working order, it can seem as if potential buyers will be hard to convince that it’s the case. And if the appliances are veterans, even if they’re perfectly serviceable, potential sellers sometimes fear that prospects will shy away from the Great Unknown of costly dishwasher or clothes dryer breakdowns.

So it’s pretty good news that this is one concern that Forida Port Saint Lucie homeowners and their future customers can do something about. The doubt-remover is a home warranty—the kind of policy that helps shield against the cost of unexpected breakdowns. Florida consumers can choose from a number of home warranty providers, each of whom offer varying levels of protection.

The home warranty companies provide a straightforward proposition: it is a service contract, usually a year in duration, that promises to pay if a major system or covered appliance should break down due to normal wear and tear. Some high-end policies offer complete coverage for repairs—or even full replacement if necessary. More inexpensive home warranties may provide less comprehensive coverage or require the use of specified repair services.

Once it’s been determined that the incremental cost is a worthwhile investment, it’s important to read through the previsions about what is covered—and to remember that systems and appliances have to be in good working order at the time the policy is issued. Some of the items commonly included can be the plumbing and electrical systems, furnaces and heating ducts, water heaters, pumps, dishwashers, garbage disposals, cooking appliances, refrigerators, washers and dryers—sometimes, even swimming pools. You can see why checking the scope of coverage is critical for determining the choice of contracts.

Lately, home warranties have grown in popularity—possibly because of timing considerations. H.U.D. says it’s because the protection they offer home buyers comes during the critical period immediately following purchase—a time when there is often less extra emergency cash on hand. That can be a critical reassuring factor for Port Saint Lucie home buyers.

Even more convincing are the statistics from the National Home Warranty Association. If it’s as true for Florida sellers as it is nationally, it’s eye-opening. The NHW finds that when a home warranty is provided as part of the sale, it can help a home sell up to 50% faster.

THIS could come as welcome news if you’ve been undecided about whether this fall will be an opportune time to sell. Even if you’re on the fence, give me a call!

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About the Author: Millie Gil has been a successful REALTOR® servicing the Florida market for over 25 years. Millie is Broker-Owner of Bold Real Estate Group located in Stuart. A Broker agency committed to concierge personalized service for discerning Buyers and Sellers of Real Estate properties. This commitment level has helped build a remarkable track record of delivering results. Doing Real Estate Relocation is also a passion, by assisting families with every residential Real Estate need. Millie is fluent in English and Spanish with a strong network of Real Estate Professionals Worldwide. Other real estate blog posts by Millie Gil

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Florida Sellers Should Consider Rising Foreign Buyer Interest

July 23, 2016 By Realtor Millie Gil

Florida Sellers Should Consider Rising Foreign Buyer Interest

With Brexit still fresh on minds here and abroad—and the sometimes hot/sometimes slow summer selling season well underway—some Florida sellers might well be questioning whether foreign buyer influence will remain strong throughout the nation this season.

June’s numbers provide an answer that’s less ambiguous than usual. The answer is definitely “yes”! The latest national data shows a growing international appetite for U.S. real estate, adding to the momentum exhibited by our now fully-recovered housing market.

A closer analysis also reveals a shift in foreign buyers’ real estate target properties from luxury to more mid-level acquisitions. Several factors serve to explain the phenomenon. Overall higher home prices could be one reason; the strength of the U.S. dollar, another. Taken together, those cost elements were seen as the most likely causes for the shift in price range targeted by foreign buyers—especially when their goal is to secure an investment property here in Stuart, Port St. Lucie, Jensen Beach or Palm City or elsewhere.

Even so, sellers were the beneficiaries of a total increase in activity. According to the National Association of Realtors’^® annual report on international activity, overseas buyers purchased upward of $102 billion worth of residential property in the U.S. between April 2015 and March 2016. The slight decrease in the prices of purchased acquisitions meant that the actual number of properties purchased also rose 2.8%—to 214,885. The bottom line was strong enough that Lawrence Yun, the NAR’s chief economist, was able to report that foreign purchasers’ overall sales dollar volume was the second highest since 2009.

So what does this mean for Stuart, Port St. Lucie, Jensen Beach and Palm City sellers and our current real estate prospects? According to the NAR, five states topped the charts when it came to most properties purchased: Florida, California, Texas, Arizona and New York. But in fact, foreign sales are happening all over the country; the key for Stuart, Port St. Lucie, Jensen Beach and Palm City sellers is to make sure your property is well (and widely) marketed; well-presented—and well-priced.

Whether you are looking to attract foreign buyers–or just the buyer down the street–a key contribution that’s included with my service is a comprehensive marketing approach designed to get your home sold. Call me today to get a running start on your custom marketing plan…and your sale!

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Follow Millie: Twitter, Facebook, LinkedIn
Online Contact: Click Here
Office Contact: (772) 224-1634