Questions I Am Often Asked

The Market Value of Your Home is NOT:
1. What you have in it.
2. What you need out of it.
3. What you want.
4. What it appraised for.
5. What you heard your neighbor's house sold for.
6. What the tax office says it is worth.
7. How much it is insured for.
8. Based on memories and treasures.
9. Based on prices of homes where you are moving.
The True Market Value of Your Home Is:
What a Buyer is Willing to Pay for the Property
1. Based on today's market.
2. Based on today's competition.
3. Based on today's financing.
4. Based on today's economic condition.
5. Based on the buyer's perception of the condition.
6. Based on location.
7. Based on normal marketing time.
8. Based on showing accessability
Properties That Sell in Today's Market:
On a Scale of 1-10, The "10's" Are The Ones That Are Selling.
How Can Your Property Be a "10"?
1. By improving the condition dramatically.
(Use HomeBase Bonus Dollars) 2. By offering good terms.
(Offer HomeBase Bonus Dollars) 3. By improving the way the home shows.
(Use HomeBase Bonus Dollars)
4. By adjusting the price.
As a Seller you control:
1. The price you ask.
2. The condition of the property.
3. Access to the property.
As a Seller you do not control:
1. Market conditions.
2. The motivation of your competition.
3. Value.
The seller sets the asking price, the buyer sets the sales price. The seller gets to say yes or no.
If you want top quality professional representation on your side, call: Risa Saltman, 407-699-4901

Click here for Instant Recognition

THE COSTS OF CLOSING THE DEAL

Closing costs are the incurred expenses over and above the price of the property.
The total can be several thousand dollars, not including the down payment. Costs vary depending on
the state and financing terms. I can help you understand what costs to expect at the closing and in
what form they must be paid (certified, cashier’s, or personal check). Costs you may incur are:

Mortgage
• Application fees
• Appraisal fees
• Survey fees
• Loan origination fees
• PMI
• Points
• Title Insurance
• Credit report cost
• Future interest payments, depending on the loanterms

Title
• Title transfer fees
• Recording fees
Additional state or local taxes (could include property taxes) Insurance
• Homeowner’s insurance
• Hazard insurance, if required by state or local law

Other professional
• Attorney fees
• Escrow company fees
• Closing company fees

This months joke:

Question: What did the boy elephant say to the girl elephant on Valentine's Day?

Answer: I love you a ton!

Log onto OrlandoHomeStore for my current listings, then call me at 407-699-4901 for more information on your favorite properties.

Search the entire Orlando MLS

FREE programs from me to you, including "How To Buy A Home" booklet

Question: What do I need to bring to the Closing

In Florida the closing is conducted by a title company who transfers title from seller to buyer. You will have an opportunity to discuss all aspects of the closing in detail before the event.

Q.) What do I need to bring?

A.) Here's what you'll need:

1. A picture I.D for each purchaser.

2. Receipt for the first year's premium of a Home Owner's Insurance policy.

3. Additional documentation the lender may require, such as proof of sale of an existing residence, deposit verifications, proof of sale of a car, copies of tax returns.

4. Certified funds for money due at closing, in accordance with Florida's law and the law firm's policy. The title company will advise the amount.

Have questions? email Risa at questions@risa.net or call her at 1-800-699-4901

February favorite links:

Great Valentines day site

Want to be added to Risa's FREE E-newsletter distribution list? Totally different from the web site newsletter, all you need to do is click HERE and click SEND.