Lot / Land For Sale in Sewalls Point

Property information

Custom Estate Home Plans Included

• lot / land “.66 Acres” – MLS® $675,000 – Land with Water Views
Sewalls Point, Sewall’s Point – Located in the prestigious Castle Hill subdivision of Sewall’s Point, this oversized .66 acre residential lot only feet away from the wide Saint Lucie River is available for your dream home. Potential wide water views from a two story home. Complete building plans included for a 6800 sq ft(4553 AC sq ft) home designed by M.A. Corson – Architect. Castle Hill is one of the premier neighborhoods in Stuart, Florida and Martin County with great “A” rated schools and easy access to the beaches, recreational areas and shopping.

TURNING RENT INTO EQUITY!

Larger home inventories coupled with tougher financing requirements have made it difficult for both sellers and buyers to achieve their respective goals. In the search for creative solutions, one has recently begun catching on – Rent To Own.

The advantage for buyers is that a portion of your rent payment is put into an escrow account to be used eventually for down payment on a traditional loan. You can begin building equity before you’ve even applied for financing! If your credit is less than perfect or you simply haven’t the funds available for a significant down payment, this could be a great opportunity.

Sellers also benefit from receiving income from the tenants and the likelihood that they will eventually purchase the home outright. However, caution must be exercised, and you can protect yourself by seeking the advice and services of a real estate agent. Many agents can even manage the property for you.

Consider who will maintain the property and what percentage of the rent will go towards the down payment. What will happen if one party wants to back out of the deal or if the renters don’t eventually qualify for financing?

These are just a handful of the questions and concerns associated with this otherwise mutually beneficial arrangement. If you’re facing challenges as a buyer or seller, consult with us today to discuss the possibilities.

If you need information to help you solve a real estate puzzle, call us at (772) 323-6996, or visit us on the web at www.GabeSanders.com or www.TreasureCoastFLHomes.com. We’ll be happy to share our knowledge with you at no cost or obligation, and if we aren’t sure of our answer we’ll direct you to the best Martin or Saint Lucie County resource. Our office is located at 1121 SE Ocean Blvd. in Stuart, Florida (Sewall’s Point); please ask for Gabe Sanders or .

PLENTY OF FISH IN THE SEA!

While many areas around the country are experiencing a “buyer’s market,” you need to exercise caution when offering to purchase at far below asking price. Bargaining is indeed an art, and the last thing you want to do is to insult the sellers.

An unreasonably low offer risks angering the sellers to the point where they won’t even make a counter-offer and will not entertain additional offers from you. In general, an offer more than 10% below asking price is not customary and faces possible rejection, but there are ways to proceed with respect when you feel that a lower offer is substantiated.

Sit down with your realtor and look at the comparable sales in the neighborhood and area to see if the asking price is in fact justified. Then make a list of reasons to share with the seller about why your offer is less than asking price; or, strongly consider negotiating other terms of the purchase, such as closing costs or repairs. A reduction on those aspects can still yield great savings.

During the negotiation process it is best if you do not interact with the sellers and let your professional handle all negotiations. Should you find yourself in the presence of the sellers, kindly exhibit proper etiquette and respect. Consult with your Realtor before any meeting to make sure you’re both on the same page.

Ultimately, the best way to make your offer with confidence is to realize that there are many attractive homes for sale in your price range. If a seller rejects your offer outright, avail yourself of the other suitable properties on the well-prepared list of possibilities provided by your Realtor.

Understanding real estate dilemmas and their solutions is our business, and we’ll happily share our knowledge with you. Why not give us a call at (772) 323-6996 or visit us on the web at http://www.gabesanders.com/ and http://www.treasurecoastflhomes.com/. Our office is located at 1121 SE Ocean Blvd. in Stuart, Florida (Sewall’s Point); please ask for Gabe Sanders or .

Renters: Be Very Careful Today

When you’re renting a house and discover that the property owner is facing foreclosure, you might wonder, “What happens now?”

First, be careful that you aren’t paying rent to some one who has stopped making mortgage payments. This is sometimes very difficult to determine on your own, however, you should be able to ask the owner for proof of payments. In today’s market there have been quite a few renters sending money to a landlord who has stopped paying the mortgage and just waiting for the bank to take over the home. As the wronged party, you can sue the landlord, but it’s an expensive proposition and since the owner went into foreclosure, they probably don’t have enough assets to get a judgment to recoup your losses.

So what happens when the bank takes over the property you are currently renting? In most cases a representative of the bank will notify you that they now have the deed and will ask (sometimes not so nicely) that you move out of the premises in 30 days. On occasion some of the better run companies will give you 60 days to make arrangements and move out.
As for your security and any other deposits you may have made, unless you rented from a property management firm, you are most likely out of luck, unless the owner is willing to give them back to you, but remember, his home was just seized by the bank for lack of money/assets so there’s a very high probability that you won’t be receiving your deposit. If you were smart enough to rent a home from a property manager you should be able to get your deposits returned according to the agreements since they are required by law to put such funds into an escrow account.

Unfortunately having a lease is no protection in the event of a foreclosure, with the bank taking possession of the property. In fact, you can get into serious difficulties should you refuse to vacate the home. In such cases, the bank will commence eviction procedures and this will result in a downgrade of your credit score making it even more difficult to find adequate housing.
So, please be aware of your situation and if you are contemplating a new rental home, it’s a very good idea to go through a reputable property management firm.

Understanding real estate dilemmas and their solutions is our business, and we’ll happily share our knowledge with you. Why not give us a call at (772) 323-6996 or visit us on the web at http://www.gabesanders.com/ and http://www.treasurecoastflhomes.com/. Our office is located at 1121 SE Ocean Blvd. in Stuart Florida; please ask for Gabe Sanders or .

Stepping Up To Down Markets!

Remember the ancient curse, “May you live in interesting times”? While many are indeed cursing the current real estate climate, others see opportunities. In a “soft” market, the short-term options dwindle, but seasoned investors in for the long haul are positioned to take advantage.

In the words of billionaire J. Paul Getty, “Buy when everyone else is selling and hold until everyone else is buying.” Just like the stock market, more money is often made in a down cycle than in an up market.

Slower times encourage sellers to be more open to negotiation. Combine acceptance of lower prices with currently low interest rates, and you’ve got the perfect recipe for bargains. Real estate is continually cycling, and it’s guaranteed that prices will rise again. The time to get in is now, before that begins to happen.

A “buy and hold” strategy works in this market, while your property appreciates. While you wait, consider leasing it. The property can pay for itself with rent collected, and an investor that can pay off a small mortgage is in an excellent position indeed.

Learn from your real estate agent and tax advisor how a “1031 Exchange” can greatly reduce your tax liability when it does come time to sell your investment. Now is the time to get in, but be sure to know how you’ll get out, too!
Understanding real estate dilemmas and their solutions is our business, and we’ll happily share our knowledge with you. Why not give us a call at (772) 323-6996 or visit us on the web at www.GabeSanders.com and www.TreasureCoastFLHomes.com. Our office is located at 1121 SE Ocean Blvd. in Stuart, (Sewall’s Point) Florida; please ask for Gabe Sanders or .