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Highland Courtyard townhome

723 Highland St N St. Petersburg FL 33701

Contemporary townhome in Historic Round Lake close to downtown St. Pete, features your very own private courtyard which illuminates the home throughout with natural light. Formal living room features 10′ ceiling, crown moldings. Access the private courtyard from the living room or dining room great for entertaining. Light floods the upstairs master bedroom, hallway and guest bedroom through large windows. 2 car garage with alley access & plenty of storage. Master bedroom has a private bathroom with walk-in shower, soaking tub & double vanities and walk-in closet. Fenced front yard with lots of landscaping, low HOA fees a! upgradeds include tile flooring downstairs, granite countertops, stainless steel appliances. This is a lot of home for the money with unique features, this is a must see home!

For more information please call David Price 727-458-4537

The Price Group Recognized Among Top 1%!

Exclusive Celebration of Success Event in Palm Beach

ST PETERSBURG, FL (October 7, 2015) – The Price Group has been recognized among the top 1% of sales associates affiliated with Coldwell Banker Residential Real Estate in Florida for 2014. David Price attended a gala event in Palm Beach last week to honor the top regional associates from NRT LLC, the largest residential brokerage in the U.S.* The event included more than 125 Coldwell Banker sales associates from Atlanta, Baltimore, Florida, North Carolina, South Carolina, Texas and Washington, D.C.

“It takes a tremendous amount of hard work, dedication and passion to reach this level of business in real estate, and The Price Group is among the best of the best,” said Kate Rossi, executive vice president, Southeast Region, NRT LLC.

Participating agents were treated to dinner, dancing, networking and professional development at The Four Seasons Resort Palm Beach.

 

 

826 5th St. N St. Pete FL – Historic Uptown

Historic Round Lake – built in 1902

826 5th St N

826 5th St N

 

826 5th St N

826 5th St N

 

Welcome home to one of St. Pete’s oldest single family residences (circa 1901) which sits prominently on a double lot. Complete with picket fence, 4 porches, original windows, and tin roof. As you enter, you are greeted by beautiful oak floors, a wood burning fireplace, crown molding, high ceilings throughout and original doors and stained-glass windows. If you like to cook and entertain, you will love the huge updated kitchen with island, gas convection oven, double wall oven, large breakfast nook, and additional seating area. The front master bath is updated and has an original claw-foot tub. The updated hall bath is beautifully finished in slate and has a jetted spa tub. The back master bedroom has a side porch that could be converted to a spacious walk-in closet. Customized closets and attic storage.

 

Outside you have an air-conditioned Chalet (12×24 adding 240 sq. ft. to the listed sq. footage) which brings functionality and charm to the over-sized Key West-style back yard with pavered patio, pergola, fire pit, shed and large back porch, a fabulous place to relax or entertain. Alley access with room park your cars. Few homes have the warmth, charm, and originality you’ll find here. Walk to downtown, Crescent Lake, Starbucks, entertainment, restaurants and shopping. To schedule your tour or for more information on this home contact David Price: 727-458-4537 or David@PriceGroupRealtors.com.

 

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What Turns Renters Into Home Owners?

It’s not what you know about home ownership that makes you want to own a home, but rather how you value it. Or so says a new study from Fannie Mae that concludes having a personal experience like being unable to pay a mortgage, thinking home values will fall in the future, or being underwater on a home loan don’t play a big part in renters wanting to be home owners.

The key drivers pushing renters toward home ownership are attitudes and beliefs. Those who believe “owning makes more sense financially over the long term” do indeed go on to buy homes.

Things that are much less important factors for renters:

· The perceived ease of getting a mortgage

· Knowing someone who defaulted on a mortgage

· The belief that home values will rise or fall

· The desire to have a good place to raise and educate children

· Safety

· More space and control over your living environment

The study suggests Americans’ desire to own homes is strong, even when the housing market undergoes dramatic challenges.

“Our study shows that the negative housing events of the past few years have not discouraged
people from wanting to own a home,” the study authors wrote. “Exposure to mortgage default, perceived home value appreciation/depreciation, and self-reported underwater status are not significant factors in the models predicting individuals’ intentions to own a home for their next move.”

Source: Fannie Mae

FHA Financing Requirements – The Changes to FHA Financing Requirements For 2010

OK, there are some interesting changes which will take pace later this year to FHA financed loans. The government has been facing higher defaults with FHA insured loans over the past couple of year’s, in order to build up reserves they are making some changes.

If you are looking to buy a home using FHA financing the window to closing and avoid higher fees is closing quick.

Also, I hear the government is going to adjust the key interest rate at which they loan money to banks this will adjust the interest rate you will be able to get when buying a home. Just a 1% jump in interest rates, is like seeing a 10% increase in the price of a home. My advice would be don’t delay, if you find a home you love and plan on living there for 3+ years you should buy now.

Future changes with FHA:

FHA financing requirements, change from time to time to match the market and the risk of loss. Since the collapse of the financial markets in 07,08 FHA financing has been the primary source for home buyers to obtain a real estate loan with a low down payment. This is the reason for the changes you are about to see.

Imagine the market slips by another 5-10% and the unemployment numbers go about 10%, many borrowers who used FHA financing in the past 3-4 years could find them selves in foreclosure or needing to do a short sale to get out of their home because they have little to no equity in their home. FHA being the #1 source for finding for these low down payment loans could find them selves in a very bad situation. The tax payers could also be facing another bailout. So in order to protect government backed loans and us the tax payers these are the latest rounds of changes.

Initial up-front MIP increase will be raised by.50 to 2.25% will be released in a Mortgagee Letter tomorrow Jan 21 and will go into effect in the spring (example $200,000 loan will now costs the borrower $1,000 more, this is to help cover the losses already seen by FHA)

Borrower will be required to have a min credit score of 580 to qualify for 3.5% down, if score less than 580 must have 10% down this will go into effect in early summer

Seller concessions will be reduced from 6% to 3%, will be posted in February will go into effect in the early summer.

Lender performances, Neighborhood watch will be available on HUD website on February 1

Enhanced monitoring of lender performance, implement credit watch termination through lender underwriting ID in addition to origination ID will be released in Mortgagee Letter tomorrow Jan 21 and is effective immediately

Pursuing authority to increase enforcement on lenders to assume liability for all the loans they originate and underwrite

Legislative authority permitting HUD flexibility to establish areas of review and termination to withdraw originating and underwriting approval for lender nationwide on the basis of the performance of its regional branches.

FHA financing is still the only program that allows a borrower to purchase a home with 3.5% down payment. These changes could effect your ability to qualify for a loan so check with your lender to make sure you will meet the minimum requirements before you make an offer.

Condo for sale St. Petersburg, The Grande Verandahs on the Bay, Gandy Blvd

Condo for sale in North East St. Petersburg at 12033 Gandy Blvd #153, St. Petersburg FL 33702.

The Grande Verandahs on the Bay luxury waterfront condominium community on Gandy Blvd. features a fully gated community with controlled entry gates & 2 under building parking spaces right by the lobby. Beautiful 5th floor unit with a split floor plan, huge master suite, with both a soaking tub and large walk-in shower, tray ceilings in the entry and kitchen, huge kitchen featuring granite counter tops, black on black appliances & a walk-in pantry, large inside laundry with additional storage. Panoramic views across the 80 plus acre protected preserve & Old Tampa Bay, you can see water from every window! Owner paid $514k plus in 05 & lived in this unit for 8 months, this is NOT a short sale! The community has a pool/spa and a state of art exercise center in the clubhouse surrounded by lush tropical landscaping. Minutes from Downtown Tampa, Clearwater and St Petersburg HOT Downtown nightlife, restaurants, shops and so much more

To view this home call David Price with Coldwell Banker at 727-851-6189 anytime.