Lorraine Bennett's (tampa_bay_real_estate) Blog

Real Estate Agent - Future Home Realty - License #SL3086704
I have a question for all you REALTORS out there busy negotiating short sales! Buyers need the seller to help pay for their closing costs on a short sale... In your experience, will a bank approve a 6% closing cost concession on ashort sale for a buyer, or do they strictly limit it to 3% and requ...
Risks of Remodeling Without a Permit   Most cities require homeowners to obtain a building permit before making modifications to their residence. Precisiely which modifications require a permit may vary by city. Some cities are more rigorous than others in enforcing permitting laws. In order for...
BENEFITS OF SELLER FINANCING Real estate sales which involve seller financing are referred to as installment sales for tax purposes.  This type of transaction can be beneficial to both buyers and sellers.  Installment sales allow buyers to close quickly without having to endure the over-scrutinza...
For the past four months NAR has been working to accomplish the following: 1) Get loan limits raised for high cost areas, 2) Eliminate the pay-back requirement for the $7,500 tax credit (making it a true credit and not a loan), 3) Try to find ways to push interest rates down (which are higher tha...
Congress has acted and I am very pleased with some of the reforms and incentives coming from Washington.  The most exciting, I believe, is the new $7500 tax credit for first time homebuyers (defined as someone who hasn't owned a home in 3 years).  If you purchased a home or will be purchasing a h...
    One of the greatest challenges of my profession is pricing homes correctly. Obviously, as a Listing Agent, my highest priority is getting you, the seller, the highest possible sales price. However, I must be careful not to let that desire cloud my judgment as to what is a reasonable and reali...

Lorraine Bennett

YOUR Tampa Bay Realtor
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The ABC's and 123's of this fascinating industry called Real Estate.