Realtors in Florida

[demarpaint]

That is why I asked about agency. Traditional Long Island Real Estate was always done where the agents/and brokers work for the seller in a client relationship. That means for those who do not know, the buyer is a customer.
It's the job of both agents to work in the best interest of the seller and if they didnt, the seller could actually have a legitimate lawsuit.
This means anything and everything they can find out about a buyer that puts the seller in the best possible position for the highest price is the law (client relationship) All information and discussions with the buyer that would help the seller is to be disclosed.

The buyer is the customer and is owed nothing except honesty and cannot offer to the buyer any information about the seller that would put the seller at a disadvantage and that means almost anything, except a buyer could ask if there was a murder in a house, they would have to answer honestly and of course they could not cover up defects as that is called fraud..

At the time of the offer, preferably at first meeting this was disclosed to your friend, however, I haven't been back on Long Island in gosh almost 16 years now, when I left things were changing and I was involved in that change to represent buyers as clients is all I will say.
Typically I always worked in a client relationship which meant my main business was only with sellers except when a buyer contacted me about buying one of my clients homes, it is an agent duty to inform them, educate them and have them sign off on exactly what being a buyer customer means VS a buyer client.

I think I know about what town you were in, being close to anything labeled New York City, meaning Queens, was a zoo. True, agents there ignored all proper procedures, I used to in some cases defend my sellers in Nassau county from their tactics. But that is due to lack of enforcement.

I might be going out with my friend and his wife for dinner tonight, I'll ask, although it was painfully obvious both brokers were working for the seller. I sold cars and worked for commission, no sales equals no money. You can't fault the salesperson for that, but as a consumer you must be fully aware of that, and educate yourself so you don't get screwed. You lived on L.I. so you know the deal. Unfortunately I'd dump L.I. into the NY basket, and say we might take the price for some of the most unethical brokers in the country. Regarding an engineer's report, with all the disclaimers it really isn't worth the paper it is written on. My buddy's son said as I was pointing things out *** an I paying an engineer for? I chuckled, and one or two more walk through's' you'll know what to look for.

 

[walterjay]

Getting back to home inspectors..........When I sold one of my homes there was a noteworthy crack in the basement wall that went from top to bottom. It occured when a lot of water over time dripped down from improper gutter/shingle placement. I corrected the water problem and the crack settled and became stable for the remaining years. When the home inspector was out it was in plain sight and he missed it. Not wanting to hide it I disclosed it to the buyer and gave him the history. The sale went through.

 

[Zee09]

Getting back to home inspectors..........When I sold one of my homes there was a noteworthy crack in the basement wall that went from top to bottom. It occured when a lot of water over time dripped down from improper gutter/shingle placement. I corrected the water problem and the crack settled and became stable for the remaining years. When the home inspector was out it was in plain sight and he missed it. Not wanting to hide it I disclosed it to the buyer and gave him the history. The sale went through.

My late aunts house sold and she passed at 97 years old. She had a laundry room with a few bad joist and the floor was sloped badly on one side and the inspector never mentioned it or a cracked window...

 

[Zee09]

@zzyzzx
Please step forward.
Self insurer....
Have you thought of insurance for a year or two?
Why?
I told a story on here about a lot I sold and the guy had a house built and within a very short time it burned to the ground. Electrical fault...

I think I may cover it for a year or so. Me I'm headed for an insured home off the coast..

What do you think about this? I'd park my EV on the street if I had one..

 

[Zee09]

Watching a realtor now on YouTube...
He said here in Traditions you don't have to wait a year to get a house built.

They can get you in your dream home in 11 months...lol

 

[Zee09]

A nothing burger....

https://www.news4jax.com/news/local...-rates-desire-to-give-homeowners-some-relief/

 

[SC Maintenance]

@zzyzzx
Please step forward.
Self insurer....
Have you thought of insurance for a year or two?
Why?
I told a story on here about a lot I sold and the guy had a house built and within a very short time it burned to the ground. Electrical fault...

I think I may cover it for a year or so. Me I'm headed for an insured home off the coast..

What do you think about this? I'd park my EV on the street if I had one..

I would have to think that self insure only makes sense if a house is worth say less than 20% of your net worth, and the cost is prohibitive? The point of insurance is a pool takes the risk, so one accident in terms of the pools net worth in manageable. I would have to think the pool has pretty good actuaries and their statistics on the accident are pretty good?

What am I missing?

 

[Zee09]

I would have to think that self insure only makes sense if a house is worth say less than 20% of your net worth, and the cost is prohibitive? The point of insurance is a pool takes the risk, so one accident in terms of the pools net worth in manageable. I would have to think the pool has pretty good actuaries and their statistics on the accident are pretty good?

What am I missing?

My issue is to insure but go where the insurance isn't expensive..

Like yeah I'm saving $8000 a year on homeowners insurance for my $500k house lets say.

I'm very comfortable doing so until the first hurricane hits...

Then total fear if I'm on the coast. Plus many other issues...

I always get a $5k deductible as that saves me a good bit on insurance. But that's probably the limit of my cheapness.

I just won't go to the high risk areas without insurance and actually just won't go period.

I'm no fan of insurance but the loss and liabilities go way beyond just the cost of replacing your house.

 

[Tharber]

Self insurance is possible because home owners insurance is only a requirement if there is a mortgage on the property.
The key is to invest the money that you might have paid in premiums in such a way that it creates capitol accumulation in the event of a total loss. Inother words thake the same amount of your premium and invest it ito something that grows.

I will caution you with this however, your home owners insurance also covers liability, so that in the event a kid is playing in your hard and gets hurt, if the parents sue you, its covered. SOme home owners insurance can also be used to ofset auto policy liability.

I have several commercial properties that are self insured and to be hones tits a crap shoot. We do carry what is the equivilant of an umbrella policy to cover any liability but the stuctuire is not covered. The same moneys are invested into other assets that make a return.

If you go the self inured route and later decide to get insurance, your premium will be higher than had it been insured the whole time.

Installing new roofing, water leak detectors, shut offs on every faucet and sink, etc will help to reduce your premiums. Ask your carrier what they offer you as far as possible discounts before you consider this option. In FL you can get a 4 point and or wind mitigtion inspection that inspects the roofing and tie downs and if it meets certain criteria, you will get a discount.

Generally roofing over 7 yrs old will take a premium hit, as well as older water heaters that are on floor level and A/C air handlers that are at floor level or can leak and cause a flood within the house. If these are in the garage for example, a step lower than floor, its not as important.

TH

 

[demarpaint]

My issue is to insure but go where the insurance isn't expensive..

Like yeah I'm saving $8000 a year on homeowners insurance for my $500k house lets say.

I'm very comfortable doing so until the first hurricane hits...

Then total fear if I'm on the coast. Plus many other issues...

I always get a $5k deductible as that saves me a good bit on insurance. But that's probably the limit of my cheapness.

I just won't go to the high risk areas without insurance and actually just won't go period.

I'm no fan of insurance but the loss and liabilities go way beyond just the cost of replacing your house.

Can you self insure for $10,000? If so a ballpark figure on savings on your $500K home, near the coast, vs central Florida for the sake of argument? Thanks.

 

[Zee09]

Can you self insure for $10,000? If so a ballpark figure on savings on your $500K home, near the coast, vs central Florida for the sake of argument? Thanks.

In Ocala you can get homeowners on $449k for $1000 on a new home. That is a number I saw myself. One realtor offered a house at $575k and said $550 would buy it and that was $1200 for homeowners and that was Citrus springs

 

[demarpaint]

In Ocala you can get homeowners on $449k for $1000 on a new home. That is a number I saw myself. One realtor offered a house at $575k and said $550 would buy it and that was $1200 for homeowners and that was Citrus springs

Any idea who is offering that? I was quoted about $2,300 in December, which wasn't bad, but they won't write the $1,000,000 umbrella I have here in NY.

 

[Zee09]

Self insuring is great because I an no fan of insurance companies.
That said, you can get wiped out day one and all of the calculations don't mean squat...

Just too risky for me.

 

[Zee09]

Any idea who is offering that? I was quoted about $2,300 in December, which wasn't bad, but they won't write the $1,000,000 umbrella I have here in NY.

In Florida? Where specifically? That's where I'm talking about.
My best rate here in Maryland was Progressive. I switched every other year and many wouldn't take my house because of the value but Progressive did and by far was the cheapest and had by far the best coverage.

 

[demarpaint]

Self insuring is great because I an no fan of insurance companies.
That said, you can get wiped out day one and all of the calculations don't mean squat...

Just too risky for me.

Me too, but I would be willing to eat the first $10K, depending on the savings. The liability is my major concern, look at someone the wrong way these days and may try and sue.

In Florida? Where specifically? That's where I'm talking about.
My best rate here in Maryland was Progressive. I switched every other year and many wouldn't take my house because of the value but Progressive did and by far was the cheapest and had by far the best coverage.

Ocala. I'm willing to eat the first $10,000 depending on how much it will save. My biggest concern is liability

 

[Zee09]

Me too, but I would be willing to eat the first $10K, depending on the savings. The liability is my major concern, look at someone the wrong way these days and may try and sue.


Ocala. I'm willing to eat the first $10,000 depending on how much it will save. My biggest concern is liability

Ocala is cheap. No concern there. I will contact the realtor when I can to see. But the prices are usually close. I'm trying to go out from Palm Coast towards Ocala and stop where the rates get cheap. .lol

Yesterday I sold my lot in Palm Coast

 

[demarpaint]

Progressive was $1440

Ocala is cheap. No concern there. I will contact the realtor when I can to see. But the prices are usually close. I'm trying to go out from Palm Coast towards Ocala and stop where the rates get cheap. .lol

Thanks. Sadly car insurance there would cost me more than L.I.

 

[Zee09]

Last year Progressive was $2440. For this coverage. I shopped around and it was brutal. AMICA was this for the same coverage.

 

[Zee09]

I watched a realtor last night and he was a bit of a snore in Central Florida.
He was in his car bloviating about the fact when you call him you get him and he went on for 10 minutes.

However he is exactly right. Most YouTube realtors you think you know or like you most likely will never meet.

You will get passed down through the channels. They really don't care...

I've went to several medical specialist and you get lured in by the top doc only to be dumped off to a new upstart...
I have a great heart doc and actually got the man...himself and that's worth the long trip.
Although @walterjay has a 9 year fresher heart than me...

 

[Zee09]

Someone asked why builder models are loaded up with extras. Obviously they are the builders showcase.
You see what they offer and of course they get to upsell you.

The ????????
What percentage of the base price of the house would you pay for upgrades?

Me? I'd probably limit upgrades to 20 to 25% of the base price.