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Florida Real Estate Blog

October 12th, 2017 4:49 PM

We represent many properties as Realtors and we learn something from each and I normally would not blog about a sale experience, yet saying that here I go. We had a lovely home on 5 acres in Orlando Florida.  What made this special was the Bamboo.  When Maggie and I first drove down the long entry way we were struck by the Forest of Bamboo. The sellers had strong ties in the University community and actually served many years in Japan. The home layout had an Asian feel to it but again what drew us back was the forest.  We knew people would love the privacy and the home but how do you handle Bamboo?  It will overtake your property so I heard.  Yet this family has maintained their forest with the following simple commitment.

To reduce your Bamboo crop, you must cut the bunch you want to remove down to ground level and maintain that cutback for 3 years.  At that time the root system will die and it will not bread again.

That’s our input and would appreciate comments positive or negative.  The goal of any blog is to share knowledge. We have done that. 


Posted by Jim-SellerELPS Ruddy on October 12th, 2017 4:49 PMLeave a Comment

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September 3rd, 2017 3:59 PM

So we heard about Homestead and the need to file for it, but what is this portability thing?

This is another part of what our State Government provided to assist our Senior population. It was found that we could tax our Seniors out of the home they have lived in for the past 40 years.  So Homestead was instituted. They realized that they also had issues with Seniors when they tried to downsize or move to follow Grandbabies.  They lost their homestead tax savings. So they implemented Portability to allow you to bring the tax savings you enjoyed to your next home.  It is a complex formula but all the County web sites have an application that you can input your information and they will provide you with the savings.  Or you can just call or email them and they may do it for you.  They did it for us here in Seminole County.  It reduced our Tax assessment by $16,000.  Be careful, that is not your savings it is what your tax is computed from.

 

So just remember if you sell your home and purchase another anywhere in Florida you need to file for Homestead and request portability. Portability has to be requested within two years after the purchase of your new home. Its your money, why not keep it.

 

Link at Seminole County for more info.  There number is

407-665-7506

 

http://www.scpafl.org/ExemptionInformation#PORTABILITY

Posted in:taxes and tagged: real estate tax
Posted by Jim-SellerELPS Ruddy on September 3rd, 2017 3:59 PMLeave a Comment

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May 15th, 2017 7:39 AM

So you have been successful in finding or selling your home. Congratulations now the hard work begins. You need to move your stuff out or into this home (depending on being the seller or buyer) either way both of you need to find a mover.  If you are blessed with friends with pickup trucks you can stop reading at this point.  If on the other hand you are like most of us you need to secure a team to move your stuff. This is not easy, our family has a page on our web site where we refer contractors and other specialists to our clients.  We do not attempt to refer movers.  They are in a class all by themselves.  What we can do is provide you with some interesting reading about what to do and not do when looking for a mover.  Do your homework. The 4 hours you put into this will save you big $$$ and time on the back end if you do not.  Also remember in Florida the day of closing the buyer owns the home.  That means seller needs to be out the day before and the house is clean and ready for a walk through by the buyer. We have seen closings stopped at this point because the sellers thought it would be nice to leave some furniture or paint cans and other bags of unknown stuff in the garage. Or they decided to take all the window coverings. Don’t let this happen to you, it can become expensive.


Posted in:Home purchase and tagged: move your home
Posted by Jim-SellerELPS Ruddy on May 15th, 2017 7:39 AMLeave a Comment

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Rates have gone up and they will again.  We have been in a very unique area for the last 8 years and I'm not talking politics.  The economy was not moving so the Fed had to suppress interest rates but that is not the case anymore.  2016 was a great year in Real Estate and 2017 looks to be better. Home values are rising. So do not delay now is the time to reach out to a Realtor(hope it is me) and get to work on that dream home.  You do not want to be part of the families in June 2017 saying why did we not buy 4 months earlier.  Remember closings take up to 45 days and your home search could exceed 60 days.  So now is the time to start call me tomorrow.

Posted by Jim-SellerELPS Ruddy on December 21st, 2016 9:39 PMLeave a Comment

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December 16th, 2016 10:22 AM
Well, many will argue about government in our lives but this event is why we need it. From 1926 to 2014 Rolling Hills Golf Club severed the people of Central Florida. It was then sold to a company with the intent to develop it.  In 2016 Seminole County started to negotiate with the developers and came to an agreement in November to purchase the land for $3,950,000 to develop a large park. The only stipulation was approval by the State to move $1.5 Million from the Jetty Park project over to Rolling Hills that occurred here in December of 2016. So over the next 3 years, we should see the transition of this area into a wonderful park to serve our neighborhood.  Maggie and I had an aerial photo shoot for one of our listings and I thought it would be nice for all of us to have access to that picture (I added the hole numbers).  We have served and loved this place for so many years.  Thank you again Seminole County for saving this area. 

Details of the County plan

Posted in:General
Posted by Jim-SellerELPS Ruddy on December 16th, 2016 10:22 AMLeave a Comment

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Rolling Hills has this situation in about 70% of the homes. So, when we are selling or buying, know that these are tests your lender will require.

FHA loans require bacteriological water test if the property is vacant, yet I have seen this request when the home is still lived in. So I would recommend you have this test done. Also, when the survey is being done they must show the well and the septic on the survey and the distance between the two.  Surveyors do not normally do this so you must request it up front. Also septic inspectors normally do not flag the drain field so you must also request that up front otherwise the surveyor will not be able to measure the distance. 

VA loans require the bacteriological test and a chemical water test.  They also may require a septic test if the Appraiser notes a concern.  We always request our buyers have that test or sign a waiver if they do not want to do it.  Failed Septic can be a very expensive repair.  Not uncommon to see the Seller request to pay for the pump out $300 approximate, since it is their waste.  Then the buyer pays for the inspection of the tank and drain field (should be flagged). Make sure the drain field test is done before they pump out the tank.

So what is the minimum distances allowed by FHA between private well and other sources of pollution?  The Septic Tank 50’, Drain Field 50’, 100’ for new construction.

The Well has to be 10’ from the property line, the Well has to be 15’ from any chemically poisoned soil; i.e. concrete slab.

So where do you get these tests and who does it?  You do it yourself, should be shortly after you list the home. If you are the buyer it should be done within 5 days after you come to agreement on purchase price. Make sure your inspection period allows for this test as the results will not be known until 10 days after you submit it to the Lab, you need the containers from Flowers Chemical Laboratories in Altamonte Springs  407-339-5984.  You can see a copy of the report by clicking on the link below.

http://4homesinflorida.proiwebsites.com/xSites/Agents/4homesinflorida/Content/UploadedFiles/sample%20of%20the%20water%20test001.pdf


Posted in:things to do and tagged: drinking water wells
Posted by Jim-SellerELPS Ruddy on November 22nd, 2016 11:08 AMLeave a Comment

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October 25th, 2016 12:20 PM
It was a please to sit in and watch our county government at work today. We had over 100 people attend the Commissioners Meeting this morning and on that agenda was the vote to authorize the Chairman to execute the contract for Sale and Purchase the land known as Rolling Hills Golf Course.  They informed us that the sale price would be $3,950,000 and that the appraisal came in at $6 Million. So a good deal for all involved.  They have over 250 days to complete the sale(State has to approve a move of $1.5 Million from the Jette Park project to this project). Once that is approved we should be good to go.  Want to thank all the folks that supported the Save Rolling Hills initiative and our County Commissioners who all supported this.

Posted in:General and tagged: save Rolling Hills
Posted by Jim-SellerELPS Ruddy on October 25th, 2016 12:20 PMLeave a Comment

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September 6th, 2016 7:52 AM

It is a program offered by the VA to assist our Veterans in a situation where they must sell but they are underwater.  It has specific requirements so we recommend you review the following URL. Reach out to us if you would like to proceed as we are certified MRP with National Association of Realtors.

 

https://www.biggerpockets.com/mortgage/home/va-compromise-program-underwater-military-borrowers-help/


Posted by Jim-SellerELPS Ruddy on September 6th, 2016 7:52 AMLeave a Comment

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Every IBox (electronic key box) has a CBS code(call before showing).  This allows the Listing agent to control access to the property for photographers, appraisers or Inspectors.

You as a listing agent should know this.  There are two ways to obtain this information.

 

Many Affiliates holding an Affiliate SupraKey have reported that agents want the inspector/appraiser/photographer to have access to the property, but they don’t know what a CBS code is or where to obtain it.

There are several ways of obtaining a CBS code for an iBox. The first is to refer to the original paperwork that was given to the REALTOR® whenever he or she leased an iBox ., CBS code and shackle code.

The second way to receive the CBS code is to register an iBox on the KIM website (www.su-praekey.com). Once registered, one may look up one’s Shackle and CBS codes at any time. A member can also contact the KIM Voice emergency key update number, 1-800-968-4032, and request a CBS code for one of their iBoxes.

Once in kim locate the lock box by going to listing inventory and then click on the lock box associated with the listing you will have shacle code and cbs code there. You can also adjust time the lock box is available.

 


Posted in:General and tagged: realtor activity
Posted by Jim-SellerELPS Ruddy on August 24th, 2016 6:30 AMLeave a Comment

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July 14th, 2016 8:15 AM
As an SRES we constantly work at improving our service to our Senior Population as such today we want to provide you with a resource that may help if you are taking care of an elderly family member. Healthaging.org is a great place to go if you need to find help in establishing a Assessment for your family member. The 6 assessments are Physical, Functional, Mental, Cognitive, Home and Professional Driving.  I also heard that AAA offers a senior driving class that may be of help also.

Posted by Jim-SellerELPS Ruddy on July 14th, 2016 8:15 AMLeave a Comment

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