New FHA changes that were effective in October 2015.

1. If a home is on multiple parcels, only the parcel the home sits on will be included in the appraisal. The excess land will not be counted toward the final value of the property!

2. Roof must have 2+ years of life left. Appraiser must note type of roof and if any deficiencies exist.

3. Non residential square footage (not under heat and air) can not exceed 49% of the total square footage!

4. Appraisers must report repairs necessary to meet FHA on their report as well as any adverse conditions, and then it is up to the lender to determine which repairs will be required. That puts the marketability of the property somewhat on the lenders shoulders.

5. Septic systems/ Water well - Inspections will be required for both.  If a property has septic but sewer is available it is up to the lender to determine if connecting to the sewer will be feasible. ( So- buyer or seller may be required to connect to sewer even if septic is ok)

These are some big changes! Just want you to be informed!

Have a Great Week!

Good Day to you! 

Check out the link below to my Wonderful waterfront listing at Cedar Creek Lake!


http://www.propertypanorama.com/instaview-tour/ntreis/13298783

Sorry I have not posted in a while. Today I would like to go over listing your property with me. Hope you like the information and hope to hear from you soon! PS. CEDAR CREEK LAKE IS FULL!

Thanks, Robin

I will recommend a price on a property based on years of experience and knowledge of the real estate market. Be assured that you will receive a Comparative Market Analysis from me which I will review with you and use to help you decide on the best pricing window for your property. I will also outline the best marketing strategy and explain in detail; how my system works. Please remember that today’s REALTORS® are a highly trained group of people, we take yearly training updates in the real estate business. Through the Comparative Market Analysis we can decide upon a price based on the market.

 

These are the items you will need for listing your property:

 

· Listing Agreements

· Property Disclosure Forms

· Copy of property survey

· Copy of current real estate tax bill

· Title Insurance Policy

· Social Security numbers

· Extra key for the lock box

· Drawn floor plans if possible

· Average utility cost for current year

· Neighborhood covenants and restrictions

· List of any items to be excluded from the sale of the property

· Your phone and fax numbers so we can easily reach you to present all offers

 

July at Cedar Creek Lake!

Hello All,

It is July and we have finally gotten really hot! Lots of folks are enjoying the full lake and activities here! Business is booming, sales are up on the waterfront and off water homes. Come check out our beautiful lake!

5 Reasons to Hire a REALTOR®

1. Every state has a different contract and requirements regarding a sale of a property. A REALTOR® is an expert in their market and can guide you thru the process.

2. There are a lot of actions that can take place during a real estate transaction, you want someone who has the knowledge to guide you thru those actions.

3. A REALTOR® has the training to help you with negotiating the sales price and repairs that may be needed.

4. It is important to price your property correctly from the start to attract the right buyers and shorten your marketing time. According to the "National Association of REALTORS", the typical FSBO home in 2014 sold for $208,000 compared to $235,000 with an agent assisted sale. Get the most by hiring a Professional.

5. With so much information on the internet and news, how do you know what is going on specific to your neighborhood? Hire an agent  who has the knowledge and training to make your buying/selling experience a smooth and educational one.

Bottom line: You would not trust your health to someone that works on cars. A financial decision as important as a Real Estate transaction is should be handled by a Real Estate Professional such as a REALTOR®.