Clearwater Florida - Dear Mr./Mrs. Home seller today there almost 3000 Clearwater Fl Homes for sale. I would guess that most sellers don’t realize that after January 2010 FHA appraisals now have a 4 month shelf life. So while it’s not officially a penalty,  you tell me, because now when you get what you think is a “low appraisal” on your home using the new HVCC appraisal process you may be tempted to not sell to the current buyer because the appraisal says it’s currently worth less than you believe. You may be tempted to say find I’ll let this buyer out of the purchase contract and just put your house back on the market for sale hoping to get another buyer and a better appraisal. 

Well…Did you realize that the lending rules have changed and now any other potential buyers for your home for sale in Clearwater that are going to get an FHA or VA loan (which is the majority of home loans done under $300,000 in the Tampa Bay today HAVE to use that same appraisal - remember…the one you hated and just wanted to forget about? 

Why? Because when a buyer is getting an FHA loan and an Appraisal / Case# is assigned - that Case# stays with that house. If a valid appraisal exists - that’s what’s going to be used so now that appraisal will actually now stay with your home for 4 months.  (If you have more questions contact our local FHA expert, Brian P Forrester at 727-216-8138.

So now you can see that regardless of what future buyers WANT to offer you for your home for sale in Clearwater they can’t and still get an FHA loan for anything more than the value given in the original appraisal. 

• Related Article: Clearwater Beach Florida Buyers Must Know 6 Reasons Cash May be the ONLY Purchase Option

So the bottom line Mr./Mrs. Home Seller is that no matter how much buyers really do love your house or condo - our buyer’s can’t and won’t purchase overpriced Clearwater Fl homes - and your fantasy price won’t make it through the appraisal process (with ANY buyer) so if you really want to sell, please listen to what the real estate market sold homes in Clearwater (in the last 90 days) are telling us…and price your home realistically.  

• Related Article: Clearwater Fl Homes for Sale - 5 Home Seller Myths Expose The Emperors New Clothes

If you are considering buying a home in Clearwater,  this is just one of the many areas we help with and why we believe you benefit from having your own representation in this process. We believe you deserve an advocate as well as all the current information available to determine a home’s value right now. We provide extensive analysis and advice to the buyers we work with based on our knowledge and experience so you can make strong offers. This can prevent you from overpaying as well as enabling you to get the home of your dreams that’s priced right as well as not risking losing $1000+ educating the home seller about his home’s value by doing home inspections, appraisals and more only to find out you can’t buy the home cause the bank won’t finance the home and the seller won’t seller for less and is actually stuck in denial.    

I could go on forever with more real life real estate stories and will share more in the coming weeks - knowing that home sellers have an agent representing them - don’t you deserve the same when you plan to buy your home or beach condo?   

So if you’re looking for Clearwater FL Realtors we’d like you to know that we are passionate about being your real estate advocate. We’re committed to delivering Results daily based on Integrity, Knowledge & Experience - helping you find the perfect Clearwater FL homes for sale.

We’d like to be YOUR Clearwater FL Real Estate Team!

Call Cyndee @ 727.710.8035 or Jack @ 727710.8036 

Warmly,
Cyndee and Jack Haydon
Charles Rutenberg Realty

Clearwater Real Estate Office
1545 S. Belcher Rd
Clearwater Florida 33764 
727-710-8035 (Cyndee’s cell)
727-710-8036 (Jack’s cell)

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I am sending you all this message today so you don’t get lost in our housekeeping and transitiont. I am so sorry for the inconvenience however all of you that get our updates via email or feeds today are in a feed that we can’t access.

Don’t ask me how - it’s a weird technoglitch however we have now been left with no choice but to updated the feeds on both our blogs and you will need to resubscribe if you want to continue getting our info. We certainly hope you will. We know many of you have been with us since the beginning and we appreciate your support and adding to the conversation.

Please - Don’t be fooled, they look the same, however we publish different information on each of the blogs (they lso you may want to consider subscribing to them both.

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Again, thank you and we apologize for this inconvenience. Thank you for choosing to stay connected! And as always…

If you’re looking for Clearwater FL Realtors we’d like you to know that we are passionate about being your real estate advocate. We’re committed to delivering Results daily based on Integrity, Knowledge & Experience - helping you find the perfect Clearwater FL homes.

We’d like to be YOUR Clearwater Real Estate Team!

Call Cyndee @ 727.710.8035 or Jack @ 727710.8036 

Warmly,
Cyndee and Jack Haydon
Charles Rutenberg Realty

Clearwater Real Estate Office
1545 S. Belcher Rd
Clearwater FL 33764 
727-710-8035 (Cyndee’s cell)
727-710-8036 (Jack’s cell)

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You can see the complete article here => Update on Clearwater Beach Jumbo Loans    

Banks are finally starting to loosen up (translation: feeling more secure about our real estate market which is good for all of us) and it should make it easier for people to buy second homes or move up to homes over the $417,000 conventional loan limit.  The Los Angeles times recently reported that the average interest rates on a 30 year fixed rate jumbo fell to 5.79% which is a five year low. You may remember that we were seeing painful rates of 7.5% last summer for our most qualified best buyers which was extremely frustrating and actually caused several of our clients to put their plans to purchase on hold.

Luckily, we work with some of the best local lenders so we have been able to successfully help our clients purchase the homes and condos they wanted. Lenders who really ”know” the Clearwater real estate market along with waterfront homes in neighborhoods like Island Estates or Belle Isle is essential - regardless of who you’re working with - make sure your lender understands and is comfortable in our market.  If you are planning to buy a condo today I highly recommend working with local lenders especially those that can do portfolio loans in-house and specialize in financing beachfront and waterfront properties. There’s nothing worse than finding the home of your dreams and having a lender that can’t perform cause you probably won’t know that until you’d spent almost $2,000 of your money.  

Related Article => Clearwater | Tampa Mortgages - Buyer Beware of FHA loans and Seller Concessions  

The second bit of good news we got today was that the conforming loan limits for 2010 will remain at $417,000 like it has been for the past 5 years. This is actually great news in my opinion because that means you can purchase a property for up to  $520,000 and still be a standard conforming loan which may enable you to get even more attractive rates. $520,000 buys a lot more beachfront and waterfront than it did 5 years ago.

We are also getting signs that lenders are loosening up about lending on beachfront condos (luckily we’re not Miami)  - we are also seeing most condos are being listed for prices within @92% of what they’ll end up selling for and I was encouraged to see an appraisal come back for one of our buyers where it stated the market was “stable” not “declining” - when I ran the 6 month comparable sales against the 3 month sales I found it had actually increased slightly - we’ll keep monitoring this for you condominium building by building and neighborhood by neighborhood to give you the best insider information to make good decisions - whether you’re considering buying or selling in the next few months. 

Related Article: => Clearwater Fl Realtors Get Results For Home Buyers      

My intent was not to make this a Tampa Mortgage themed week however it’s never been more important to be informed on what’s happending in this very dynamic market and I’ve got another article in my head about the impact of FHA appraisals on sellers right now. :)  

If you’re looking for a Clearwater FL Realtor we’d like you to know that we are passionate about being your real estate advocate. We’re committed to delivering Results daily based on Integrity, Knowledge & Experience - helping you find the perfect Clearwater FL homes.

We’d like to be YOUR Clearwater Real Estate Team!

Call Cyndee @ 727.710.8035 or Jack @ 727710.8036 

Warmly,
Cyndee and Jack Haydon
Charles Rutenberg Realty

Clearwater Real Estate Office
1545 S. Belcher Rd
Clearwater FL 33764 
727-710-8035 (Cyndee’s cell)
727-710-8036 (Jack’s cell)

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