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Charming bungalow in Uptown sold to happy buyers

Terry

Notes from Rob:

Rob’s Sale #16 for the year – Uptown neighborhood of St. Petersburg.

The Simms Team received a call in May from a couple in Tampa looking for a house in St Petersburg.  For what they wanted, it looked like we would be playing the short sale game.  By the begining of June, we found the house and made our offer.  Believe it or not, we faced multiple bids, but ours came out on top.  Then the waiting game began.  By the end of September we had heard from the bank and they had agreed to our office.  Then came all of the lender issues.  The lender was  Bank of America that we had used many times before, but this time everything became an issue.  After the appraisal, we had the list of items that needed to be repaired before closing…of course they told us this one week prior to closing, so it was a rush to get everything repaired, and reinspected by the appraiser.  My clients were anxious and wanted to move in already.  Finally, everything came together and we were able to get the sale completed.  The work involved these days from contract to closing is unbelievable.  I was talking to another agent this morning –   she put a house under contract yesterday with a scheduled closing of December 21st, with FHA financing.  I wish her luck, as I would be skeptical of having an FHA loan go through  in less than three weeks during the Christmas season.   I’ll be watching to see what happens.

Spoken by Rob Johnson | Discussion: No Comments »

Kenneth City sale teaches patience

Notes from Rob:

HooperAn agent in Tampa called the Simms Team a few months ago asking for some help.  A friend of hers was looking for a house in our city.  She had an agent, but was not happy with her and wondered if we could talk to her.  After having a nice conversation with her, I set out to help her find a house in Kenneth City so that she could live near her grandson.  Found one, but it was under contract by the time we made our offer.  So we kept looking, and then we found the perfect house, right where she wanted to live.  It was a house full of love.  The seller had lived there for over 40 years and had raised her family there.  But now she was moving in with her daughter and son-in-law (three houses away) and was hoping to find the right person for her home.  It was a match made in heaven.  We made it through all of the inspection issues and were sailing through everything until the week of closing.  Then, as with so many closings these days, issues from the bank came up and had to be corrected.  Closing slipped from Monday to Wednesday, then to Thursday.  As we drove to the closing, I received a call from the lender to say the closing would not happen due to some missing tax paperwork.  My buyer was heart broken.  We let everyone know and went back to the the office.  I didn’t know how long this would take, but the next morning at 11 I received a call from the lender saying we would close at 4 that afternoon.  I crossed my fingers and prayed.  Everyone was at the title company on time, and by 5:30 the deal was done.  My thanks to everyone involved for staying with it until we could make it happen.  My client left a very happy woman, with the keys to her new house.

Spoken by Rob Johnson | Discussion: No Comments »

Banyan Bay in St Petersburg is on the upswing.

Banyan Bay

Notes from Rob:

Rob’s Sale #14 – Banyan Bay in St Petersburg.

For the second time in the past year I sold a home to the parents of someone I recently sold a home to. It is always nice when a clients refers you to a friend, and an even better compliment when they recommend you to their family.  Banyan Bay has been an interesting story.  I remember visiting the development when they were building it and was amazed at the prices they were asking ($500,000 to $900,000).  They were all sold (many to investors) and the developer did well.  Then of course the market changed and the next thing you know we have a bunch of short sales and bank-owned properties.  When I showed some units last year, there were 13 on the market.  Luckily, the banks lowered the prices to today’s market reality and there are only two left on the market today.  Our clients have bought three units in Banyan Bay this year and all are very happy and love the community.

Spoken by Rob Johnson | Discussion: No Comments »

Wedding Bells are a good reason to sell

Wedding Bells mean Home Sale

We see so many sign riders advertising misery – Short Sale, Foreclosure, Price Reduction, Must Sell – we thought we’d set this house apart. We had sign riders made up saying WEDDING BELLS. This wonderful 2 story Colonial home in the desirable Pink Streets of St. Petersburg is priced to sell at $575,000 (we listed it Thursday afternoon and held it open yesterday, with 22 groups of visitors, including three good prospects).

What does WEDDING BELLS mean?”  asked several guests. It means that this house is being sold because the owner is getting married. She’s selling her house; he’s selling his house; and they’re buying a new property together. It’s been a happy house, and it’s selling for a happy reason. That’s good news in the current market.  More than one visitor said, “He must be quite a guy for her to give up this house!”

Happy to Report that this home has SOLD and the wedding took place!

http://florida.ssimms.com/2009/12/30/wedding-bells-indeed/

Spoken by Sharon Simms | Discussion: No Comments »

Trend is toward open floor plans

Renovated St Petersburg waterfront home

When this waterfront home in Broadwater (St Petersburg Florida) was recently renovated, the kitchen took the center spot and is open to the rooms all around it. Most buyers today want open plans, for informal living. They’ll appreciate the granite counters, warm wood cabinetry and stainless steel appliances, and the porcelain tile floors throughout the home.  With the master bedroom and attached office/den on one side of the house and the two additional bedrooms on the opposite side, the entire center of the home is open, with flexible space that can be furnished to suit the new owners’ lifestyle. By the way, the next door neighbors thought twice about recommending me to the owners, as they really wanted them to stay instead of selling. The people living on this block think that they have the best neighbors in all of Broadwater. (So do the owners on many other blocks in Broadwater).

Spoken by Sharon Simms | Discussion: No Comments »

We did it – a short sale finally closed

Short sales are anything but short! and they’re anything but certain.  It’s can be 3-5 months before you hear back from the lender on whether your offer has been accepted – and meanwhile they’re taking any other offers that come in. You need tremendous patience to pursue a short sale. (A short sale is when the owners owe more money than the current market value of the home, so they will be “short” of paying off the mortgages.)

Rob wrote an offer in February for our clients – and they waited for an answer until August!  Then the lender wanted to close in 10 days, and we hadn’t – of course, since the offer wasn’t accepted –  even done the inspections.

This home in the Old Northeast area of St. Petersburg closed yesterday. This is the first closing, despite writing offers for our clients on over two dozen short sales this year.

Spoken by Sharon Simms | Discussion: No Comments »

Renovation Kudos – Old Pasadena – St Petersburg

Old Pasadena Renovation

This afternoon Tami and I visited friends to see the renovation (restoration and addition) they’d done on their historic home in Old Pasadena, a historic neighborhood in southwest St Petersburg. The home is set on 1/2 acre of tropical landscaping, with gardens, patios and wonderful privacy, just a 5 minute walk from Boca Ciega Bay. Built in the booming Read the rest of this entry »

Spoken by Sharon Simms | Discussion: 2 Comments »

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