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Welcome to
Steve and Becky Malin of Exit Realty of Daytona Web site. We are excited
to show you all the reasons why selling or buying real estate now is a
GREAT time! The Volusia county area of Florida is full of exciting things to do
and has beautiful homes in all price ranges. Whether you are relocating,
purchasing a home for the first time, doing an investment or moving up,
having an experienced Realtor can mean the difference between an "ok" (or
worse-than-ok) transaction and a GREAT transaction. If you want to receive
30 years of experience and VIP service during your sale or purchase, give
us a call. Our goal is not to be your Realtor one time; our goal is to be
your Realtors for life. We have long time standing with the
Chamber of Commerce, BBB and given the award in reliability and customer
satisfaction. See our biogs for more.
Key Provisions of the New Home Valuation Code
of Conduct.
Part of the housing crisis
was caused by valuations of property being inflated. Inflation was good
for sellers but brought unsustainable price levels long term. So the GSE's
are tightening the criterion by which appraisals are performed. Here's
how.
The New Home Valuation Code of Conduct is meant to
improve the independence and accuracy of the home appraisal process, and
provide protections to borrowers, buyers and investors. It went into
effect May 1,
2009. Here are some of the code's primary provisions:
- SINGLE-FAMILY: The code applies to lenders that
sell single-family mortgage loans to Freddie Mac and Fannie
Mae.
- WHO CAN
PICK: It
prohibits lenders from accepting appraisal reports by an appraiser
selected by mortgage brokers and real estate agents or anyone whose
compensation is based on the closing of the loan.
- CERTIFICATION: It requires that an appraiser be
licensed or certified by the state in which the property to be appraised
is located.
- TIME
FRAME:It
requires that borrowers must be provided a copy of the appraisal report
no less than three business days prior to closing, unless waived by the
borrower.
This is a code that
applies nationwide for Freddie Mac and Fannie Mae loans.
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So, it's time to buy Daytona Beach real
estate, how much is it worth?
The new valuation code is
in effect so when you need an accurate appraisal, contact our realtor for
one that will be honored by a lender. Now the time to choose us to
look for Daytona
Beach real estate you want to buy. Then look at
this very cool tool to have no more than day old information on the value
of the property you just looked at! You'll need an address to get specific
information and most listings provide it. Here is the link ... Value the property! This
valuation gives you a good idea of the value but not one that will be good
to take to a lender. Again, call our realtor.
NEWS! Real estate mortgage
loan foreclosures continue to rise. Real estate prices continue to
moderate (fall in most places). Interest rates ... flat to higher. Get
more information on mortgages by selecting our mortgage
page.
Houses for sale, new
homes, townhouses, condominium, patio, high-rise apartment, lofts and
town-homes, multi-plexes are being sold here in Daytona Beach real
estate. Prices vary depending on the area you choose to live in and the
price sector. Of course the price you pay depends on interest
rates, inventory, population changes and popularity. Interest rates
have been all over the board recently but mostly down in a very affordable
range. But do you know what? We're not interested in how much it's gone up
or down in the last year percentage wise ... really ... only the fact that
rates are still very low and rising now. Will they continue to be
low? Depends on the FEDs. Today from an interest rate perspective, the
notes can be low. Watch here to see how changes affect Daytona Beach area
and Florida real estate prices. Real estate
rates around Daytona
Beach has been falling recently although today it's
up and down, mostly going up. All of the nations large scale
builders are feeling the pinch too. You might contact an us to ask if
there are specials because of a weakness in the price of new homes. For
example, Toll Brothers ... an upscale builder in many parts of the nation,
reported lower expectations to their stock holders as did Lennar, Horton
and all other major builders.
Daytona Beach Real Estate Mortgage information
and calculators.
for residential purchases are
available on realtors sites and they can help with reverse mortgages,
interest rates, interest only loans, promissory note, mortgage brokers,
principal residential mortgages, owner financing, lot loans, ARM,
prequalification and home buying loan approval.
Sell my house? Buy
another?
Is
it time to sell / buy? This
is your call. If you:
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- If buying
and you think rates are going to climb. Today these are the rates
nationwide on average:
- 30 Year
Fixed: about 5.15%
- 15 Year
Fixed: about 4.59%
- 5 Year
Variable: about 4.21%
- Believe
real estate will continue to fall in your area
- Have a lot
of equity in your home from appreciation
For more information about
current mortgage activity, visit Yahoo!Finance.
Then indeed this might be
the time to sell. The housing boom is a phenomenon of the past several
years ... it's kept our economy running by in large. Fortunes change over
time. Many have prospered greatly in the last 6 years no doubt. If you're
interested in selling your home, contact us we are reputable real estate
agents representing the seller ... a sellers real estate agent. You'll
find some on our pages here.
Time
to buy? Well, these questions of buy or sell can only be answered by you.
We can certainly bring you the homes that are for sale on this website,
and it makes sense to buy when you up size or down sizing your home
because pricing is now! Need that second home or an investment now’s the
time. We have no recommendations for buying or selling, only offer you
options that are available on this site and a partcle of our Inventory.
So go to View _City_Listing_
Here and get
started.
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