1256 SW Byron Street, Port St Lucie FL Home for Sale

Open and airy floor plan with amazing curb appeal! This beautiful and well maintained 2 Bedroom, 2 bath home is located in desirable Port St Lucie! Completely renovated in 2014 this property has it all! The kitchen is open to the living, and it futures new cabinets, Samsung stainless steal appliances, granite countertops and new sink and faucet! Both bathrooms future NEW vanities, NEW plumbing and light fixtures! There are  NEW easy to maintain tile floors in the family room, kitchen and both bathrooms. Both bedrooms future NEW light color easy to maintain laminate floor! The master bedroom has two closets and the additional linen closet in the hallway assure great storage! In addition the home has been tastefully painted inside and out! NEW crown moldings and baseboards through out the entire property! There are tactfully selected blinds that assure your privacy! Besides that this absolutely amazing home has a laundry room inside that futures a set of brand new washer and dryer! The back yard is gorgeous, too! Large pool size yard future amazing palm trees and open patio area! In addition to the one car garage, this property futures long drive way allowing additional parking spaces that are just another excellent future of this gorgeous home! Super Clean & Move in Ready!!!

 1256 SW Byron Video

1256 SW Byron is conveniently located in Port St Lucie, just a few minutes away from restaurants, shops and several parks. The neighborhood futures traditional single story homes, averaging between 1,000 and 1,700 SqFt, 2 +bedrooms, 2+baths, ranging from 65,000 and up.

Boca Raton FL Real Estate Sales and Solutions – Tanya M Kovacheva REALTOR
7 Stars Realty is a boutique real estate firm, that is committed to give exceptional care to our clients and exceed their expectations. I specialize in helping buyers and sellers with their real estate needs in Palm Beach County including Boca Raton, Delray Beach, Boynton Beach, Wellington, Palm Beach, West Palm Beach, Lake Worth, Loxahatchee, Highland Beach, Port St Lucie and the surrounding areas. (561)-289-8313

Valid Hardships Examples in order to qualify for a short sale!

The second step of a successful short sale is Valid Hardship. As a homeowner you have to proof that you are experiencing a hardship in order to qualify for a short sale.

Here are some examples of hardship that you can use to qualify for a short sale and exit your property that is worth less then what you currently owe.

Number one hardship that current homeowners are facing is a change in their financial situation. That includes unemployment, income reduction and increase in housing expenses. There are many home owners who have lost their jobs during the last few years.  However you don’t necessary have to lose your job to experience a hardship.  Income Reduction is considered a hardship as well. Circumstances outside your control such as elimination of overtime, reduction in regular working hours, a reduction in base pay that have caused a decrease in your income can create a valid hardship for your family. Increase in Housing Expenses due to circumstances outside your control is considered a hardship as well.

The second common hardship that current borrowers are experiencing is divorce or legal separation. This includes separation of borrowers unrelated by marriage, civil union or similar domestic partnership under the applicable state law. There are few documents that you will need to proof this type of hardship. Examples of such documents are a divorce decree signed by the court, a separation agreement signed by the court, a current credit report evidencing divorce, separation, a bill on the non-occupying borrower name with a different address, or a recorded quitclaim deed evidencing that the non-occupying Borrower or co- Borrower has relinquished all rights to the property.

A third example of a hardship is a death of a borrower or a death of either the primary or secondary wage earner in the household. Proving this type of hardship requires a death certificate, an obituary or a newspaper article reporting the death.

Long-term or permanent disability, serious illness of a borrower, a co- borrower or dependent family member is also considered a reason for experiencing a hardship. In order to proof this type of hardship you can provide the agent that is processing your short sale with a copy of your monthly insurance benefits or government assistance, or a written statement or other documentation verifying disability illness. Other documents that qualify as a proof of the forth type of hardship are  doctor’s certificate of illness or disability or medical bills. However you are not obligated to provide detailed medical information.

Distant employment transfer or relocation are considered a valid hardship as well. Nowadays when businesses are closing doors and people are losing their jobs, many borrowers are required to look for employment out of state. If you are an active duty service member you can use the notice of Permanent Change of Station (PCS) or actual PCS orders in order to proof your hardship. Borrowers that are not an active duty service members will need a copy of signed offer letter or notice from employer showing transfer to a new employment location. Other documents that can be used as proof are pay stubs from new employer or you can also provide written explanation of your situation.

Business owners experiencing a business failure also qualify for a short sale. In order to proof your hardship as a business owner you will need to provide the business tax return from the previous year (including all schedules) and a proof of business failure supported by one of the following:

-bankruptcy filing for the business

-two months recent bank statements for the business account evidencing cessation of business activity

-most recent signed and dated quarterly or year-to-date profit and loss statement.

Natural or man made disaster adversely impacting the property or borrower’s place of employment are also considered a reason for a valid hardship. Documents required to proof this type of hardship are insurance claim, Federal Emergency Management Agency grant or Small Business Administration loan, or a proof that the borrower or borrower’s employer property is located in a federally declared disaster area.

If you are a borrower experiencing a different type of hardship please submit your comments below. I am looking forward to your comments and suggestions.

To learn more about the next important step in short selling your home please follow my blog, or call me at 561-289-8313.

You can also call 888-879-2870, ext 87 and setup your FREE no obligation consultation today!

I am looking forward to helping you with your real estate needs!

 

Boca Raton FL Real Estate Sales and Solutions – Tanya M Kovacheva REALTOR
7 Stars Realty is a boutique real estate firm, that is committed to give exceptional care to our clients and exceed their expectations. I specialize in helping buyers and sellers with their real estate needs in Palm Beach County including Boca Raton, Delray Beach, Boynton Beach, Wellington, Palm Beach, West Palm Beach, Lake Worth, Loxahatchee, Highland Beach, and the surrounding areas. (561)-289-8313

 

How to select the right real estate agent when short selling your home?

Selecting the right real estate agent to help you when short selling your home is crucial. The success of the short sale depends very much on selecting a real estate professional that is familiar with the process.

When interviewing agents, there are 10 very important  questions you have to ask:

1. Are you personally negotiating the short sale on my behalf or do you have a third party negotiator? – It is important to know if the agent you will be selecting to process the short sale of your home is personally involved or not. In some cases it is better to have a third party negotiator but if that’s the case the agent needs to be familiar with the process, authorized to negotiate and be able to step up in case the company she/he hired doesn’t do their job. On the other hand if the agent is personally negotiating the sale, it is important to know that she/he is not on her own. Negotiating is a time consuming process, you want to make sure that your agent is not overwhelmed.

2. How many short sales have you successfully closed in the last 3 years? – There are few very important words in this question. Please note, you need to know how many short sales, not closing in general. It is important to know, not how many has she/he listed but how many has she/he closed. And last but not least, you are asking for a track record of atleast 3 years. It is not important how many years the agent has been in business, because there are some veterans in our industry that haven’t closed any short sales. You need an agent who’s been doing short sales for at least 3 years because it takes time to close deals, and the best experience is generated by working on transactions, not going to school.

3. Do you have a team of professionals that helps you with the short sale process? – As I mentioned earlier short selling a property is a time consuming process, in order not to get overwhelmed, it’s important to have help.

4.  Are you familiar with equator? – This simple question is actually worth asking. Equator is a platform that most lenders use to process short sales. Not all lenders are on equator but agents that process short sales are familiar with the platform.

5. Is there an additional fee for negotiating the short sale? – There is additional work involved to process a short sale, charging an extra fee is common but you need to know who pays for processing.

6. If there is an additional fee who pays it? The sellers lender, seller, buyer, buyer’s agent or seller’s agent? – If there is an attorney involved processing the short sale, some lenders will approve a short sale processing fee, or some times the fee is called attorney fee, that is placed on the HUD1- your closing statement. When there is no attorney involved, but there is a shorts ale processing fee, make sure you ask your agent to request the buyer to pay for negotiating the short sale, so you can avoid the extra cost.

7. What is a valid hardship? – It is important to have a valid hardship for a short sale to get approved. Make sure the agent you work with understands your hardship and presents it properly while negotiating with your lender.

8. Do you consult me and review my paperwork before you submit it to the bank? – Agents that successfully close short sales, know the right questions to ask you and more importantly know how to present your hardship to the lien holders on your property.

9. Do you have an easy to follow checklist? – Agents that successfully negotiate short sales have systems in place and checklists to make your job easy, proving the correct paperwork on time.

10. How long does it take you to get an offer? – Hiring an agent who has aggressive marketing techniques is important. Pricing the property correctly is a key! There is one important thing in selling a property and that’s PRICE! Location, condition and accessibility don’t matter when the property is priced accordingly! These are all very important factors when selling your property for profit, but in a short sale situation when you have nothing to lose, it’s more important to price the property right then anything else!

To learn more about the next important step in short selling your home please follow my blog,

or call me at 561-289-8313.

You can also call 888-879-2870, ext 87 and setup your FREE no obligation consultation today!

I am looking forward to helping you with your real estate needs!

Boca Raton FL Real Estate Sales and Solutions – Tanya M Kovacheva REALTOR
7 Stars Realty is a boutique real estate firm, that is committed to give exceptional care to our clients and exceed their expectations. I specialize in helping buyers and sellers with their real estate needs in Palm Beach County including Boca Raton, Delray Beach, Boynton Beach, Wellington, Palm Beach, West Palm Beach, Lake Worth, Loxahatchee, Highland Beach, and the surrounding areas. (561)-289-8313

 

What is a short sale? 

The word short in the term short sale is not regarding the time period that it takes to sell a property  but rather regarding the amount the property can sell for. Certain homeowners who have a valid hardship, maybe be able to qualify to sell their property for less then their loan amount. The process of selling their home at a lower price is called a short sale.

 

In order for the short sale to be successful their are few things that need to come into alignment.

 

#1 The home owner will have to select a real estate agent that is familiar with the short sale process and that has experience in helping other home owners to short sale their homes.

 

#2 There has to be a valid hardship

 

#3 There has to be a willing and able buyer, who understand the short sale process and is willing to wait for the sellers’ lender to approve the sale.

 

#4 The lender has to approve the sale of the property

 

 

To learn more about the short sale process please follow my blogg about each step of the process. 

 

Boca Raton FL Real Estate Sales and Solutions – Tanya M Kovacheva REALTOR
7 Stars Realty is a boutique real estate firm, that is committed to give exceptional care to our clients and exceed their expectations. I specialize in helping buyers and sellers with their real estate needs in Palm Beach County including Boca Raton, Delray Beach, Boynton Beach, Wellington, Palm Beach, West Palm Beach, Lake Worth, Loxahatchee, Highland Beach, and the surrounding areas. (561)-289-8313

756 Barcelona Drive Boca Raton FL Home for Sale – Spanish River Sub

756 Barcelona Drive Boca Raton FL Home for Sale –
Spanish River Land Subdivision

 Open and airy floor plan with amazing curb appeal and a courtyard entry! This beautiful and well maintained 3 Bedroom, 2 bath home is located in prestigious and desirable Spanish River Land Community – one of the area’s best seaside communities – you can walk to the beach! Completely renovated in 2014 this property has it all! This property futures NEW impact windows and doors, NEW Roof, NEW A/C with transferable 5 years warranty! The kitchen is open to both the living and dinning rooms, and it futures new cabinets, stainless steal appliances, custom hood, granite counter tops and Italian mosaic back splash! Both bathrooms future Italian gloss finish vanities, white carrara marble, modern plumbing and light fixtures! The entire property has NEW easy to maintain tile floors. Besides the large hurricane proofed windows to assure brightness the property has NEW LED recessed lighting throughout. In addition the home has been tastefully painted inside and out! NEW landscaping and gorgeous brick paved circular driveway allowing 3 additional parking spaces are just another excellent future of this gorgeous home! Enjoy the ocean breezes and Florida lifestyle without HOA!!! Super Clean & Move in Ready!!!

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756 Barcelona DR Video

Spanish River Land is a Community conveniently located in East Boca Raton, just a few minutes away from the beach. Easy access to Mizner Park and Deerfield restaurants, shops and several parks located on A1A in Boca Raton. The neighborhood futures traditional single story homes, averaging 2,000 SqFt, 3 bedrooms, 2+baths, ranging from 650,000 and up. There are several multimillion dollar homes in the same neighborhood averaging 5,000 SqFt, ranging from 1.5 Mil and up with direct water access located on Spanish River Street.

 

Boca Raton FL Real Estate Sales and Solutions – Tanya M Kovacheva REALTOR
7 Stars Realty is a boutique real estate firm, that is committed to give exceptional care to our clients and exceed their expectations. I specialize in helping buyers and sellers with their real estate needs in Palm Beach County including Boca Raton, Delray Beach, Boynton Beach, Wellington, Palm Beach, West Palm Beach, Lake Worth, Loxahatchee, Highland Beach, and the surrounding areas. (561)-289-8313