Friday, August 12, 2011

TD Bank

Running into some road blocks, trying to fix, may have to go with my local mortgage broker that has a home office in Florida, Mackinac.http://www.mackbank.com/ 

Wednesday, August 10, 2011

Kensignton Condos

What you don't want to invest in?

Story here, from the Sun Sentinel  or the Palm Beach Post.



Sales at City Palms

Six (6) units in the last last two weeks.  Considering the volatility in the stock markets, low interest rates, low housing prices and strong rental market--could we be at a turning point?

Tuesday, August 9, 2011

FInancing-- TD Banknorth

Working with TD Bank and Arthur Mitchell in Florida.     Very smooth process all the documents on-line that we sign on-line, while a few documents we need to print and sign.    Very very easy process???  Let's hope the approval is as easy, we get a good rate and we close timely.   

Friday, August 5, 2011

Closing Agent

After our offer was accepted, I asked the salesperson, Niki Piersall, for the name of a lawyer that I could use?  She proceeded to tell us that they do not use lawyers in Florida for real estate transfers, but instead closing administrators?

In this case, Felberbaum & Associates.    Will let you know how it goes and what I think..

City Palms map

Right in the middle and close to everything

Thursday, August 4, 2011

Offer Accepted

After years of Vanessa and I looking for a 2nd home in Florida, we have finally decided on the City Palms in West Palm Beach, Florida unit 203.   After a couple weeks of negotiations the offer has been accepted.

Over the past 5 years, we have checked out tons of properties, but in the end this was our favorite.  Although I am not a big fan of condos, it makes sense with us being in Massachusetts.   Since this is a brand new building, there should not be alot of assessments over the next ten years.  Most importantly the developer, Carlyle Group , has deep pockets.

Favorite part about this place is that it is a cab ride from the airport and sits right on City Place--West Palm version of Faneuil Hall.