What’s going on with Real Estate in Volusia County?
Check out the latest listings and what’s recently sold!
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Buy Or Sell With James Jestes and eXp Realty
It’s a great time to find your new pool home! There has been a lot come on the market this week. Have you had a chance to see them? Let’s get out and see them in person. Give me a call to schedule a showing for any of the pool homes listed below. 386-315-4744
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It’s Friday lets get out and see a few of these homes this weekend! They won’t last long. Check out my buyer’s page for more information about buying a home here in Florida.
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Daytona Beach has lots of great properties available that are available and being sold as owner financed. If you’re having trouble getting a traditional mortgage but you have a good down payment you can still purchase a home without as many hoops to jump through. Find your home and move in quickly with an owner financed or lease-purchase home. Check out the homes below and be sure to check our complete list of every owner financed home listed in the Daytona Beach area MLS.
I get at least 2 to 3 calls every day from buyers looking to purchase a home in the Daytona Beach, Ormond Beach and Port Orange areas where the seller will carry the note on the home for a short time. This is ideal for the buyer that has cash on hand and has problems getting a traditional mortgage with a bank. The sellers own these homes outright and act as the bank with the buyer’s cash acting as the credit and collateral.
Below are the latest homes on the market in the Greater Daytona Beach area with the option of seller financing being available. These terms are negotiable however sellers like even in a traditional sale have a bottom line of where they want to be financially. I can help you navigate these negotiations and help you get a great deal not only on the home but also on the financial terms. We can negotiate in most cases the amount of money required down, Interest rate and the length of the note. Just as a working example a typical Seller financed property will have terms like this: 20% down, 7% interest with a balloon due on the remaining balance in 5 years. Many of my clients just need 3 to 5 years to set their finances up to refinance the loan into a conventional mortgage.
My clients come from all over the world, however with the new tax-laws, I have seen a huge growth in home buyers moving from New York City, Connecticut, and other parts of New England. There is a projection of 800,000 people a year leaving New York. They are looking for places to move with less tax burden and Florida is the top destination.
Here in Flagler and Volusia counties we are seeing the luxury home market doing great.Property taxes are extremely low compared to what your used to, no state income tax and luxury homes cost a lot less money here.
I cover many areas here in the Greater Daytona Beach Area, you can check out all of the homes and condos in the area listings below. Next to each city name you will also see the total number of properties currently for sale.
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Are you looking to buy a new home, you have great income but you don’t qualify for a traditional mortgage? You have a great job and a nice down payment but the banks don’t want to work with you? Let me tell you a little bit about Owner or Seller Financing!
With seller financing the owner of the home can sell it to you and act as the bank. Banks have strict guidelines and rules they MUST follow in order to provide mortgages to their customers. The home owner can sell their home to whomever they want and they can act as the bank providing the loan to you. Your down payment acts as the security. So your probably going to be asked by the seller for more down then a typical FHA loan is going to require. Most sellers ask for at least 20% down.
The seller is probably not going to want to hold the loan for you for 30 years like a traditional bank, most seller financing deals I have helped my buyers get have had a 3 to 7 year balloon payment due. This means that the seller has a set amount of time to either pay off the loan or refinance it into a traditional loan. I like to have my clients talk to a lender to find out what its going to take to get a traditional loan so we know how long they need to do a refinance down the road.
Hello my name is James Jestes and I am a Broker Associate with eXp Realty. I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.
James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com