Hi Everyone – NAR recently published this video to help home buyers avoid wire fraud during their buying process. This issue has become a growing threat.
If you know someone buying real estate please share with them.
Hi Everyone – NAR recently published this video to help home buyers avoid wire fraud during their buying process. This issue has become a growing threat.
If you know someone buying real estate please share with them.
In Florida, the percentage of qualifying home buyers is as high as 97% in many counties, with an average range to the high 80’s to a low of 77%. This puts Florida 7th in the nation for the total number of down payment assistance qualifying homes. Although, the percentage of qualifying home owners is just a single piece to the puzzle.
This data is based on the maximum price requirement for a county’s down payment assistance program, and the county’s estimated property values. There are over 2,200 down payment programs that have been found through the Down Payment Resource’s Home Ownership Program Index.
* 91% of many down payment programs have available funds at this moment.
* The average down payment assistance amount across the state of Florida ranges around $11,565.
* 54% of down payment programs are Community Seconds, where the Housing Financing Agency (HFA), or a non-profit organization issues a second mortgage with a very low, or no interest rate. The payment on the second mortgage can sometimes be deferred or forgiven in increments for each year that the buyer remains in the home. In a typical situation, this could reduce the cash that is needed to close from $20,000 to only $400.
* Other major down payment program types include: First mortgage loans with 100% financing or below market interest rates, Mortgage Credit Certificates (MCC) that can provide up to $2,000 in annual tax credits for the life of the loan, and Neighborhood Stabilization Programs (NSP) grants and loans that were created to revitalize communities that have suffered from high unemployment, foreclosures, and other concerns that have slowed housing recovery.
* Many programs can be layered with each other and used with many other loan products, including FHA and VA home loans.
* 24% of down payment programs are available statewide rather than in specific counties or neighborhoods.
* Florida is one of the top states with the highest number of down payment programs.
Historically low home ownership rates across almost all of the age demographics have led to a public policy push in order to lower the barrier of home ownership through down payments as low as 3%, but the truth is, that particular barrier to home ownership is often quite lower for the borrowers who take advantage of the countless down payment assistance programs that are available nationwide.
If buyers are willing to put in a little time to find out what type of programs are available for them, they will be in a better position to buy a home with very little of their own money.
Give us a call if you would like more information on downpayment help in Tampa Bay, Florida. Please visit our website at www.tampa2enjoy.com.
In the world of buying real estate, it is important to know what you are doing so that you don’t get taken for a ride. That is where a lot of research on real estate buying protocol comes in handy. Follow these tips to help you get a good deal when purchasing real estate and to avoid scams.
Determine if your desired property is in an economically viable area. Find out if property values in the area are rising or declining. Check with your city’s economic office about the recent history of income from the area. This can be a determining factor in whether or not the property will appreciate or not.
Take the time to investigate the inspector for your potential property. You should make sure that they are certified, work for a reputable company and if possible are with an inspector association that is non-profit. If not, their credentials may be supplied by a non-reputable organization that supplies them for nothing more than a fee.
If you’ve dreamed of having a vacation home, now is the time to buy. Home prices have gone down in popular vacation destinations like Florida, Las Vegas, and California, and so have interest rates. It sounds risky, sure, but as they say, you have to spend money to make money; and you can easily rent out your second house while you’re not using it. It’s definitely a good time to buy.
By searching for the best prices one can assure that they will be making the most of their money. Homes that have been foreclosed on can be found for attractive prices although more money may be needed to be invested in the home. Other homes can be bought for more but may require less money invested.
Potential buyers should be sure to get everything in writing. This is especially important when working with a builder, as options and upgrades which are verbally promised may not end up being honored. Make sure you have a knowledgeable Realtor that knows about new construction and a the local builders. This can help you to avoid frustration and confusion during and after your home closes.
One important tip when it comes to real estate is to make sure that you do your homework on what agent to choose. This is important because this may be the largest investment of your life and you need to make sure you are in good hands. Be sure to do background checks, read reviews, and try to find out their track record.
When you are moving, pack a suitcase full of things that you may need for a few days. Include things like clothing and toiletries. Keep this suitcase separate from everything else so that you can have easy access to things that you would need until you can get totally unpacked at your new home.
As you can see from the previous list of tips, buying real estate can be quite an undertaking even if you have done it before. It takes some work, research, and common sense to avoid making a poor purchase, but it is all worth it in the end to make a smart property purchase.
Please give me a call so I can help you with your real estate needs.
A recent report shows that one in three Americans is spending too much on rent. In housing markets across the nation, rent is becoming quite unaffordable for Americans. According to a report by RealtyTrac, in the current household market, Americans have to pay over 30% of their pay check or monthly median income on rent for three-bedroom homes. This is much higher than the conventional threshold for affordability. In some cities, the percentage of the monthly income spent on rent is much higher.
Urban areas feeling the pinch
The best example to show how rent prices have increased is the Bronx. In this New York City borough, a typical household uses about 66% of its monthly median income to pay for rent for a three-bedroom house. This is the highest percentage of salary used for rent in all US counties according to the same report. The Bronx is home to some of the poorest communities in the country with the overall median income being less than $35,000. However, the average rent price here is almost $1800 per month, which is very high.
This is also the case in other urban areas like Brooklyn, Philadelphia, Miami and Baltimore where there is a sizeable population of low-income residents. In these areas, renters are paying about 50% of their monthly income to cover rent prices.
Renters are being prevented from becoming homeowners
It comes as no surprise that renters are unable to save enough or do not have the financial ability to pay for or to buy a home. Ironically, the economic or foreclosure crisis caused many people to become renters and years of economic instability has kept many renters form becoming homeowners and leaving their rental properties. This is according to a study by the Joint Center for Housing Studies at Harvard.
These reasons led to a huge rise in demand for rental properties and this in turn pushed rent prices up by over 21% since 2006. In another blow to renters, real income has also fallen. Real income is the actual income after inflation has been taken into consideration, and over the last six years, it has fallen by 14% according to the Director of the Housing Studies Center at Harvard – Chris Herbert.
High rent is keeping people back
Not only are renters giving up on their dreams to become homeowners, but about one in four renters is spending over 50% of their income on rent – according to a report by the Center. This is forcing many renters to make severe budget cuts that would otherwise be spent on healthcare, retirement and food.
Moreover, according to the Managing VP of Community Development at Capital One – Laura Bailey, unaffordable housing and resulting financial problems prevents people from advancing their careers and from pursuing higher degrees. They are also unable to save enough to make down payments on a home and this vicious cycle forces them to remain in rental properties. According to her, when housing becomes affordable, people can focus on improving their lives and careers and ultimately become more productive.
Hi everybody my name is Lance Mohr and I’m a real estate agent here in Tampa, Florida and I wanted to go over this overview on my website Tampa2enjoy because I’ve put my 20 plus years in this industry into this website and it is not just for people who are going to be moving to Tampa though there are certain aspects of it that are just for people who are going to be living in the area but whether you are living in other parts of Florida or even in the country there’s a lot of really, really valuable information and a lot of things you could find on this website. The reason why I did it like this and structured it to be so educational in all areas is because when my wife and I moved out of Texas, Dallas in 2005 and we got to Florida it just seemed like all of the websites were the same; no one could give us any information or tell us anything so what I wanted to do is I wanted to build a website that could answer about 99% of everybody’s questions, not just my questions or your questions but everybody’s questions. Let me just go over this and I will tell you this, if you look at this website and you start actually using it you are going to find a ton of valuable resources on it that you just will not find anywhere else because I have done a lot of the searching and everything for you and I have spent hours, weeks, and months looking for stuff so you don’t have to.
I just think we are in an information society and you need to give people not only information but correct and accurate information. So let me just go through this and I’m not going to spend too much time on each one of these because I don’t want this to be a very long video but we will just start off right here under area information. The first is the crime reports. I think this is just…I will take you to the page right here this in my opinion is just a great company. I spent weeks looking for all of the different ones and playing around with them. What is really nice about this right here…you can go in and enter a city, you can move the map around, zoom and zoom out, if you are looking at a specific home just enter the address right here and it is going to take you to all of the crime and you can look at it and you can see there are little dropdowns for different…to enter homicides or what you want to do or if you want sexual offence, assaults, or offenses or whatever. There’s a ton of stuff. Right here you can do date ranges; there’s a whole bunch of information. This right here you just click on it and as you can see it pops up and says auto burglary and gives the date. It just happened less than one week ago. I think by default they are all about within the week. Again you can zoom in and zoom out and check that out but that is a really good website I think when it comes to crime. I lot of people want to know crime when they are moving in the area. The other is school information. The school information is more the county school information whether you are in Hillsborough, Pasco, or Pinellas County the school reports and profiles are more of an independent company; a site with different profiles and independent reports of schools. The lifestyle search right here I wish I had this and wish it was around when we moved here because this was really important to me. This is what it is right here; my wife and I when we moved to Tampa it was really important to me to have a health club around me and to know where the different health clubs are, churches, etc. This is really good. It defaults on the homes for sale page right here but I don’t use their homes for sale because it is in my opinion pretty much junk. Just click on the lifestyles search right here and you can see you just turn it on and you can go to schools. You can search by schools, worship centers, fitness centers, golf courses, and what it will do, I’ll just do this really quickly on fitness; just put a little dot right there and you can see they all pop up right here. Now keep in mind some of this information you are seeing they could be if you are looking for say fitness it could be a karate studio. If you are looking for hospitals it could be an urgent care. This is how they input it and how they let people know in karate studios under fitness and urgent care is under hospital. You need to just sort of hover over and look; okay what about right here; there’s LA Fitness great. What’s this one? That’s Quest martial arts studio. Anyhow that gives you a really good idea. There’s a ton of stuff. You can play around with this. You can draw maps. There are all kinds of things you could do; really beneficial. I just have other information in here of things to do. I like theater so I put that in there all the different play houses and the weather and the county maps so you know where the counties are. A lot of people say where is Hillsborough County and where does Hillsborough and Pasco meet or Pinellas etc.?
If you are looking at relocating I have a lot of relocation tips. I’ve relocated myself a few times and I’ve helped relocate, on corporate level, hundreds of families. Sellers there is a lot of information on different seller mistakes and reports right there, interviews and realtor tips. If you want a free home evaluation just fill out your address and I can get you that. The area information; what I’m trying to do with the area information if you look right here and scroll down you will see Apollo Beach and these are some of the bigger subdivisions in Apollo Beach; Fish Hawk Ranch is a subdivision unto itself in Apollo Beach Let me show you what I’ve done on this right here. If you look this is the New Tampa page and it is like this in all the cities. Now some of the cities Carrollwood because it is an older area there’s not…I just did all of Carrollwood because a lot of the subdivisions back in the 70s and 80s are really, really small subdivisions. There are not a lot of really big subdivisions and I don’t want to just do Carrollwood Golf and Country Club. Give you an example, you come over here and you can look and see where the different subdivisions are. You can click right here and that will take you to the subdivision. You can also look at all of the homes for sale and you can see right here. What I did is on cities I do a video and I’m really trying to tell everybody about the city because a lot of times people will say I don’t know anything about Riverview, New Tampa, or Apollo Beach so I’m really explaining to them what type of community it is; not from a sales person’s point of view but my job as a real estate agent is to educate people and give them the correct information and they can make the decisions themselves. That is what I do here. It is a little over five minutes and then I have a write up on it and again down here if you want to do a lifestyle search it is on pretty much every page again just go to lifestyles, turn lifestyles on and then do whatever you need to do.
That’s that and that goes over all of these and then you have different types of searches. Right here videos; the video tips are really good because what I’m trying to do there is really educate people; again we are in the information age. Fortunately there’s a lot of really good information out there for no money; unfortunately there’s a lot of really bad information out there and I see and hear it all especially when it comes to real estate. This video right here is about homestead laws and property taxes; my next one is about short sales and I do ones in bank owned because there’s a lot of information out there in short sales and foreclosures not foreclosed but foreclosure homes that is really inaccurate and I have been doing foreclosures and short sales since 1999. You have information of what are CDD fees. Boy I look a little funny in some of these! Hiring a buyer’s agent, new homes, this one right here if you are looking into new homes this is really an absolute must watch because it just is so in depth. It is my longest video I have ever done 32 minutes which is an eternity for me but it has a lot of really good information. There’s a lot of really good information. I also do statistics. I get so sick of these newspapers and news media reporting inaccurate information. This is raw data taken directly from the MLS. I’m not giving you my opinions on anything I’m just showing you the facts. This is going to be more than the Tampa Bay area in general and not other parts of Florida. Testimonials; these are video testimonials. Our blog has some really good information on it. I don’t put junk in there and of course about us. Again you can search some of these waterfront properties and they try to give you information if you are looking for waterfront properties and what you might want to look for in luxury homes. Again foreclosures etc.; doing a map search and even luxury pages but I’m not going to go through every single one of these; you can look. Go down a little further and there’s property search right here. Here’s the deal breaker for a lot of people. The nice thing and let me just go ahead and click in that and I’ll take you back; the nice thing we have over a lot of these pages out here is this; it might say pages Zillow, Trulia and all of them is this right here. The problem is our MLS sells data to everybody and everybody gets the same stuff. Don’t let anyone fool you like they don’t. They send everybody Trulia, Zillow, individual offices and agents the same information. What I have on my website is I am allowing you to manipulate it in a way most sites are not. What I mean when you are getting all of these other sites you are looking at homes that are actively available for sale and homes that have contracts on them. What I’m doing is allow you to just look at homes that are active for sale because why look at a bunch of homes and fall in love with the home, drive by and look at it, call an agent just to find that the property has a contract on it three weeks ago and it is not even available. They are done with the appraisals, inspection, and are waiting to close and that is what’s happening. This will give you the way to just search just for active listings. You can do this and it is a real big time saver. I also do home buyer webinars. I do two of them per week. It is only about a half-hour long with great free gifts. I do home seller webinars; two per week again fantastic free gift especially in this one for home sellers. All you need to do is just put your first name and your email address to register and pick a date that you want to come and you are good to go. Both of these are about a half-hour long; again I don’t like to just keep on boring you with everything but if you look through the website tons and tons of great information that I’ve done the research for you. I hope this helps you. If you have any questions whatsoever reach out to myself and either myself or team member will give you a call back. I always try to return all calls and emails myself. I wish you the best of luck and have a wonderful day.
Florida is one of the most populated states in the US, and that says a lot about the kind of place it really is. If you are one of the people who have decided to settle in the state permanently and become a Florida resident, there are certain legal steps that you have to take to declare it as your domicile state. This gives you the benefit of not having to pay taxes to the state that you are moving from, in addition to the essential right of being able to vote. Here is a complete walk-through for becoming a resident of Florida.
File a declaration of domicile for Florida
The declaration of domicile is a legal document that allows you to declare officially that you are a Florida resident because of the fact that you have a residence that you wish to use on a permanent basis. Even if you have other properties or homes in other states, you need to declare that your house in Florida be considered as your primary and predominant home. The declaration has to be signed by you with a Deputy Clerk or Notary Public as your witness.
Procure a Driver’s License registered in Florida
If you have a valid driving license from another state, a written or practical driving test is not required to get a driver’s license in Florida. Take the license you already have along with your identity documents to get a Florida DL. Other documents that are required include Social Security number, proof of Florida residence address, and change of name documents if any. You are required to get done with this procedure within 30 days of declaring your domicile.
All the vehicles that you own including cars, trucks, and boats have to be registered at the Florida Department of Motor Vehicles. This includes getting the required insurance and paying the registration fees.
This can be done either with the Supervisor of Election or while you are getting your Florida DL. The registration closes 30 days prior to the election and opens only after the elections are over.
Regarding payment of taxes
You can pay your final taxes from the state that you previously lived in before moving to Florida and notify the officials about the move. Make sure that you list your new Florida residence address when filing for federal taxes and alert the Social Security Administration about the change of address.
Transfer your membership for banks, churches, clubs and groups to be registered for Florida. This is an indication of your loyalty to the state and proves your sincerity of giving back to the community in whatever way possible.
Buying a new home
If you have the requisite capital, and you are sure of permanently staying in Florida, it is better to buy a house in the state than to rent one. This is because it makes you eligible for the Florida homestead exemption that gives you tax benefits while establishing your domicile.
Hi my name is Lance Mohr and I want to do this overview and go over Brandon, Florida. I’m a Brandon real estate agent and I just want to try to help you get a little more familiar with Brandon if you are thinking about maybe relocating there or buying a home, renting a home etc.
Brandon is located in Hillsborough County. It is off the 75 and it is just south of the I-4. It is an older area predominantly Brandon was built in the 70s and 80s. You will see some home in the 50s and 60s. You will see some homes in the 90s and 2000s but predominantly they are smaller homes maybe 13, 15, or 2000 square feet built in the 70s, built in the 80s. It is very, very nice if you are looking for areas that have a lot of things to do. They have tons and tons of restaurants there, movie theaters, tons of shopping, and just everything. As a matter of fact, people who live in Riverview, Apollo Beach, all the surrounding areas pretty much need to go to Brandon if they want to do things but with that being said when you get on some of their major roads like the 60 it can get very, very congested during rush hour so keep that in mind.
It really depends what you are looking for. If you sort of like that more matured look and you want something built in the 70s and 80s Brandon could be a really good fit. If you are looking for something newer and you want to be in a newer community there are sections of Brandon that are newer and some of them are gated but you might be looking in areas like Riverview which is just south of Brandon that is a little bit newer and then you have some other areas surrounding Brandon also. Overall it is a good area. I would definitely go on my website tampa2enjoy.com where you could look up school information and crime information. I do a lot of these videos in different cities. Just go on to my YouTube channel and go to the search where I think it looks like a little magnifying glass and you can type in the different cities or if you want to get information of Florida property taxes, what are CDDD fees and if you are in an older community you really don’t need to worry about CDDD fees but if you are in probably the mid-90s to 2000s I would definitely watch that video. There are videos on bank-owned homes, short sales/foreclosures, a lot of different information to help you out. Go in there and check it out. If you have any questions on Brandon or the area don’t hesitate to give me a call (813)-317-4009. I wish you the best of luck.
Hi my name is Lance Mohr and I’m a real estate agent in Tampa Bay Florida and I wanted to do this video for homebuyers not just first-time homebuyers but even people who have bought two, three, or four homes because I know a lot of times I go out to someone’s home when we are selling it and I start asking them and talk to them about what happened when they bought the home and they just have a lot of horror stories and I mean I’ve heard everything from people getting swindled out of homes to just a lot of really, really bad issues with title and losing earnest money so there are a few things I want to give you some tips that you need to do.
You cannot make an educated decision unless you are educated. And a lot of times what happens is people are very complacent when they are looking for a home. They start going through Trulia and Zillow, they fill out information, and pretty much whoever they talk to they think well I’m just going to work with this agent. I just want to look at homes and they can show homes. Well that is like going to a doctor and saying I can go to any doctor and use them because they just prescribe medication. It is ridiculous. It is the same thing with an attorney or anybody or any professional.
You really need to get educated so when you are looking for home contact realtors and reach out and interview them. Talk to them a little bit, read their bio on their website, find out a little bit about them, ask them questions about how long they have been in the business, do the work more with buyers, do they work more with sellers, and start doing some research just not on real estate agents, look up home buyer webinars to look at especially if you are first-time homebuyer and look at stuff on the Internet if you want to know about how property taxes work read about that.
If you want to know about crime reports or school reports start reading information. The World Wide Web is great but be careful because there is a lot of bad information. There are a lot of bad people out there, real estate agents, lenders, people in general. So really educate yourself because at the end of the day if something happened it is no one else’s fault but your own.
Get educated in what is going on in the market out there. Is it a buyers’ market? Is it a sellers’ market? What is the trend? Is it trending more towards a buyers’ market? Is it trending more towards a sellers’ market? A lot of people really got caught and were surprised when the market shifted because they didn’t understand it but there are signs and there are statistics so get that.
I hate to give you hard love and say that but a lot of times I will go out and I will talk to a buyer and they got swindled out of money or something happened and they just had a really horrible experience and I start talking to them and I’m like why did you work with this real estate agent and they just say,” Oh well they called me back” or “they happened to show me the home” or “they were friend of a friend at work” and the agent did not have any credentials or any experience and has not been in the business.
The same thing goes with the lender, if you’re looking at getting a loan, if you need a loan talk to your real estate agent they should be able to give you at least one, two, three people to talk to lender wise and talk to the lender. Go in and sit down and talk to them about what are the options. I know everyone is into instant gratification market right now that is just our society; everybody wants instant gratification. You want what you want and you want it now and I understand that. I get it. I am the same way but the problem is you are going to get hurt.
What you really need to do is talk to the lender and see what options are available to you and have them don’t just tell you what you are going to do but say what are all my options. Then have them discuss it with you, ask their opinion on what they think and why and do the same thing with the real estate agent. Go into the real estate agent’s office and sit down with them. Go over everything. See how professional they are. Look anybody could show you homes and in all honesty you don’t need a real estate agent to do that. I know this… a lot of this is stuff you are probably just sitting there thinking, “Oh, Lance I already know this, this is ridiculous but you know what, people know it but they don’t do it. I’ve got to tell you I can probably count everybody on my hands and feet my entire career that have actually gone through the proper steps and have actually gotten educated so don’t go with the instant gratification.
This is going to be the biggest financial decision, this is going to be most people’s biggest financial decision so again, if you want to make an educated decision, you have to get educated. If you have any questions about the Tampa marketplace and speaking of which let me just add one more thing. If you have any questions at all about the Tampa Bay area, the Tampa market do not hesitate to give me a call at 813-317-4009. You can get on my website tampa2enjoy and check out all the educational information and free webinars for home buyers and sellers and they are they only take about a half hour. See my Facebook and all my videos on my Youtube channel for more information. Alright, best of luck to you. Good bye.
Hi my name is Lance Mohr and I am a real estate agent in Tampa and here is another video on buying waterfront homes in Tampa and to give you a tip on what you need to do. It really does not make any difference if you are looking for Tampa waterfront properties whether it is a home or whether it is a lot do your due diligence, don’t just rely on the real estate agent.
Let me give you an example. Let’s say you want to be on the water, whether it is on the golf or intercostal and you have a boat and maybe it is a 30-foot boat or even a 30-foot sail boat and you need a certain depth of water. Don’t just ask the listing agent to ask the seller what the depth is, call around and as always, I don’t mind calling for buyers. The problem is if I get wrong information, that wrong information is going to be passed along and I don’t really like the liability.
There are a couple of things that you could do as a potential home buyer if you are looking at buying waterfront properties. You are going to do a couple of things, one is call different marinas. Tell them where you are looking at buying and what the address is and they can help you out and tell you most of them know especially if they are a marina that is local they are going to know and if there are a couple of marinas call a couple of them and get some ideas. The best thing to do though is when you are in the neighborhood drive up and down the street and find someone who has a boat maybe similar to the size you are buying and get out and knock on their door.
The thing about people and I know people pretty well being in this business, people love to talk about themselves, they love to talk about their kids, and they love to talk about their home. If you have questions they are going to be more than willing to help you out. They probably may or may not have had those questions if they were looking at the waterfront property so check it out and do your due diligence because you don’t want to buy a home and then find out that the depth of the water to be is going to be wrong.
If you have any questions or concerns about any homes in Tampa, any waterfront properties, or anything don’t hesitate to give me a call now at 813-317-4009, I would love to answer your questions and help you out. More valuable information is free to the public on my website at Tampa2Enjoy, Please check out my Facebook and all my other videos on my Youtube channel or on my website video page. I wish you the best of luck. Take care.
Hello, my name is Lance Mohr and I am a real estate agent in Tampa and I want to talk to you today if you are looking at viewing waterfront homes in Tampa. If you are, most people out there when I talk to them about waterfront whether it is lakefront, oceanfront, intra-Bay, etc. or river they have a lot of questions about insurance which is completely understandable
Let me give you a couple of tips on the two different types of insurance you are going to be getting. One of them is hazard insurance and the other is the flood insurance. So first let us talk about the hazard insurance. Florida like every other state out there were controlled by the insurance commissioner and everything is controlled but a lot of times you will get quotes and you can see one quoted whatever it is and then another one with the exact same property and it is quoted at 25 or 30% higher and what tends to happen is what they do here is probably like what they do everywhere but if a company does not want to write a policy a lot of times they will say we are not writing policies right now or they will just give you a really high quote and what they do is they take the replacement costs and the jacket through the roof. Learn more on buying insurance.
So you have a home and let us say you’re buying a home on the water and let us say that home is $500,000 and of course the lot is the vast majority of it but the replacement cost is $500,000. Well that is absurd so you want to definitely when you look in an insurance let your fingers do the walking and called several places. I am one of those people, I am a really loyal type of person but when it comes to insurance companies I do not need to tell you how they operate. It is not the agent’s fault who works for them it is the company so definitely shop around.
I always tell people call three or four of them and see what they have to say and it is better to call more in the beginning of the middle of the month because a lot of times the insurance company if they have met their quota for the month maybe they made their quota on the 22nd you call them up and they will be like, well we are not insuring in Florida right now but if you call them on the second of the month the next month and they are saying, “ Oh we have not met our quota for this month of course we are writing coverage.” Anyhow, just make sure you do that and call around and definitely get quotes and really pay attention to what everything is in the policy about the replacement costs.
The second thing is the flood insurance. I know that is a big, big, big issue at least right now at the point of this video because all of the stuff that is going around there so when it comes to flood insurance do not rely on your real estate agent, do not rely on your mortgage loan officer if you are getting a mortgage. The reason is because we don’t have the flood maps; the realtors don’t have the flood maps, the lenders and loan officer levels do not have them. Now of course with the mortgage company the underwriters all have the flood maps but give an insurance agent a call. So what I would do, let’s say I am looking at buying a property and I would say not looking at the Gulf because it is too expensive so I want to buy something intercostal so I’m looking at intercostal.
Take a couple of properties maybe two or three depending on the area I am looking and just call an insurance agent you do not have to call all of them to get an exact quote right now. I will call the insurance agent and say hey here are a couple of addresses, can you give me a quote on some flood insurance? They are going to call you back and they are going to say yes this property depending on where it is in zone one, two, three, four or five and they will give you a quote and they will say well this one is a little bit more because of this and it is flood insurance so definitely check it out and call the right person.
I know a lot of times people ask me they will say what is the flood insurance and how much would I be paying for the flood insurance? I know a lot of realtors and they want to seem like they know everything so they will just answer the question not knowing what the heck they’re talking about but make sure you talk to the right person. Take some time and look over this flood insurance rate blog.
I hope this helps. If you have any questions about waterfront homes, homes in general, or anything about real estate in Tampa give me a call at 813-317-4009, I would love to talk to you and help you. I would love to work with you. So I am doing a bunch of these videos series so you can certainly look on my channel or just type in the search on YouTube and look for my videos. Check out my Facebook or go to my website Tampa2Enjoy for more videos and all the free information you want. Have a great day thank you, best of luck to you.
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