Why Buy With Us?
Residential Buyer’s Agents
At Total Realty Services, we understand a home is much more than shelter. Smart moves make good investments. Every client is an individual. So, whether you are up-sizing, down-sizing buying your dream home, your second home or looking to acquire a vacation spot, we tailor our services to you and finding the home that suits your dreams and fulfills the Florida Lifestyle you envision. Our staff specializes in catering to the luxury home buyer and advising them of the nuances unique to our market. We specialize in luxury homes, vacation condos or investment properties, second homes, and of course, since we are in Florida, luxury waterfront homes. No matter what you are looking for in Florida real estate,a TRS agent has the local knowledge and experience to guide you from start to finish.
We make dreams come true!
Second Home – Vacation Home Specialists
As a leader in the area selling and managing income producing properties, we have agents who specialize in beach/vacation rental properties or “seasonal properties”. Seasonal properties produce passive income for their owners, while providing a nice place for those much needed getaways. These properties all have rules and regulations in place by the condo association management and they can vary dramatically from one property to the other. It is important you are working with an agent who knows the right questions to ask of the seller or the seller’s agent, as well as understanding how the management of these seasonal properties really works. Our agents are aware of the unique aspects of these types of properties, and offer professional advice and valuable insight for those buying and selling seasonal real estate on the Pinellas Gulf Beaches.
Multi-family/Investment Properties Specialists
Our Multi-Family specialists guide investors looking to build a rental portfolio in the Pinellas County real estate market. The demand for housing in Pinellas County drives a robust rental market, where landlords can enjoy rates of return in excess of 7-10%, while also appreciating at a rate of on average 3-5% annually. Our investment specialists can provide valuable insight to the Pinellas County multi family real estate market. We also offer property management solutions for all types of residential properties
Buying or Selling, TRS Will Get You There.
Whether we represent you as a buyer’s or seller’s agent, you can feel confident you have the best representation. So, When you make your next move, we hope you’ll put our experience, knowledge and motivation to work for you. It’s what you want that matters most. We just want to help you get there.
Are You Relocating?
Looking for more information to help you find the right city and neighborhood for your family? Check out our Communities Page. You can also download our relocation guide, it includes the most up-to-date and vital information for people looking to move to our area.
What is the importance of getting pre-approved for a mortgage?
A mortgage pre-approval is a letter from a lender indicating how much of a loan you can qualify for, issued after the lender has evaluated your financial history — including pulling your credit report and score. With a pre-approval letter, you can find a home you can afford by shopping within your means — while showing you’re a serious buyer. A mortgage pre-approval letter can put you head and shoulders above other buyers who may be interested in the same home as you. Getting pre-approved will help you find a mortgage lender who can work with you to find a home loan with an interest rate and other terms suited to your needs.
What is the difference between pre-qualification and pre-approval?
A pre-qualification is like an audition, while a pre-approval is a dress rehearsal for an actual loan application. Without digging too deeply into your financial details, with a mortgage pre-qualification a lender can give you an estimate of how much mortgage you’ll likely qualify for and some preliminary loan terms. You estimate your credit score and provide a few details, including the purchase price of a home you would like to buy, your down payment, your monthly debts and how you would want to structure your loan (length, fixed- or adjustable-rate interest, and so on).With a pre-approval, on the other hand, you complete a full application, the lender pulls your credit report and score and puts an offer in writing to give you a loan at a given interest rate.
*Even with a mortgage pre-approval, your loan still has to be underwritten. This is the final stage of due diligence performed by the lender, where they verify all pertinent facts pertaining to the property and the borrower, before issuing the loan. Appraisal, survey, title, and final income verification are all double-checked before the loan can be issued and the contract to purchase can be fulfilled.
Inspections and Due Diligence
Most Florida real estate transactions in Florida are written on the Florida FAR BAR AS-IS Contract. The Far Bar AS-IS contract allows an inspection period of 15 days, but is often shortened to 10 days. It is during this inspection period the buyer must perform their own due diligence. In other words, this when the buyer makes sure they are ready to buy the home AS-IS. Generally your agent will suggest a reputable home inspection company and a pest or termite inspection in order to reveal any unknown defects with the property. If items are revealed that need repairs for the buyer to follow through with the purchase , the buyer must have their agent write an addendum to the contract asking for the repairs. We do this with a formal written request for repairs, and we present it the seller, or sellers agent before the inspection period has ended.
Making An Offer
Making an offer on your dream home is exciting, but before making an offer, buyers should make certain they are making a legitimate offer they are willing and able to purchase the home at subject to inspections, appraisal, and clear title free from encumbrances. All offers are presented as a contract subject to the aforementioned inspection period, unless the buyer has waived the right to inspect. Once the offer is accepted, it is imperative to get the inspections underway immediately, as well as
What is escrow?
The first type of escrow refers to the period before the home sale is finalized at the closing table. The second type of escrow refers to the time when you own the home and are making monthly mortgage payments.
- In escrow: A home is said to be “in escrow” after the seller accepts your offer and until the sale is completed. Escrow is a process during which a trusted, neutral party — usually a real estate title company, an attorney or an escrow agent — holds your earnest money deposit, the seller’s deed and other paperwork until all conditions are satisfied at closing. Meantime, the lender processes the mortgage application, the title search takes place and you hire an inspector, buy homeowners insurance and prepare to move.
- Escrow account: If you get a mortgage to buy the home, the lender might establish an escrow account to collect money each month to cover your annual property taxes and insurance bills, and then pay them on your behalf when they come due.
What to expect with closing costs?
Closing costs are lender and third-party fees paid at the close of a real estate transaction. For a $300,000 home, you can expect to pay $6,000 to $15,000 in closing costs. These costs can include one-time fees like the following:
• Appraisal fee: This fee is paid for by the buyer, often upfront and outside of closing, for a professional estimate of the home’s value by a licensed appraiser.
• Survey fee: This fee is usually paid at closing and is paid to the licensed survey company assigned to verify the home’s definitive property lines .
• Wire transfer fee: This fee is paid at closing and is the charge to wire funds for the purchase.
• Underwriting and origination fees: This fee is charged by most lenders and is the fee associated with evaluating, verifying and processing the loan application. It is paid at closing in most cases.
• Document prep fee: This is a lender fee charged at closing for prepping your loan documents. Not a required fee, and can often be negotiated or eliminated.
• Discount points: Paid at the time of the deal, discount points lower the interest rate on your mortgage. Entirely optional.
• Credit report fee: the charge for pulling your credit history and scores.
• Title insurance: Title insurance is a form of indemnity insurance, which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.
• Recording fees: Government fees for entering new property records.