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TalkToAl.com -Helping Families With The Probate Process.

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At a time when you could be mourning a loss, you may instead be having to deal with accountants and a tangle of red tape. At TalkToAl.com the respected experts in inherited property sales, the can alleviate some of the stress by painlessly selling the real estate portion of the estate.

Other than an attorney, your most valuable resource will be a real estate team that is trained and experienced in the intricate details of probate and inherited property sales. We can help ensure that nothing falls through the cracks in the sale of your estate home. When it comes to these type of complications, not all REALTORS® are created equal.

From Clean Out To Closing

Unfortunately, many estate properties suffer from deferred maintenance, either because the late homeowner was ill or simply could not maintain it properly for other reasons. You can alleviate the anxiety of cleaning out, repairing or maintaining the probate property by leaving the details to my team of carefully vetted reliable hime professionals to bring the home up to marketable condition in order to be sold in a competitive market.

Our Team Can Also Facilitate The Sale Of Personal Possessions.

Over the course of a lifetime, people accumulate a wide variety of possessions, objects and belongings that reflect their lives.  Disposing of these possessions in adignified, yet efficient manner, is often an obstacle in bringing the estate to a final settlement. If that’s the case, our team can help coordinate a successful estate sale or refer you to reliable appraisers and other professionals that will sell the belongings for top dollar.

You should also be aware that the estate can realize significant tax advantages by donating any unclaimed assets and possessions to charity, and we maintain strong personal relationships with numerous charities that would welcome these donations with open arms.

Contact us with any questions that you may have and let us help you  get the Process under way! Fill in the contact information or simply call 727-418-1570

Visit TalkToAl.com

10 Steps to Your First Multifamily

10 Steps to Your First Small Multifamily

Are you ready to purchase your first small Multifamily Property?

The small Multifamily real estate market (2 – 30 units) is a niche with little competition that’s ripe with opportunities. The majority of the owners of these size properties are “mom and pops” which often means below market rents, value-add potential, and seller financing possibilities. Don’t overlook these small properties! Follow the 10-step plan below to take one down and start building Lifetime Cash Flow.

I’ve compiled this 10-step plan to help you start building Lifetime Cash Flow

1. Evaluate personal finances.

Before you start looking for deals, you should do a self-evaluation of your current financial situation. Do you have money to invest or do you need investors? Can you qualify for an FHA loan? How about an income property mortgage or commercial mortgage? What can you do to improve personal finances?

2. Identify if you want to focus on residential 2 – 4 units, or a small commercial property, 5 – 30 units.

You can clearly focus on both but it’s important to know that there are a variety of differences between residential and commercial multifamily. If you’re interested in “house hacking” or FHA loans, you’ll need to focus on residential. There are many other differences as well such as the loan process, balloon payments, and even your exit strategy options.

3. Determine where you will focus.

There are 2.25 million multifamily properties in the U.S, and you can’t chase all of them. When selecting your market area, focus on four things: employment and job growth, income growth, population growth, and multiple large employers.

4. Connect with a local agent/broker and a local banker. TalkToA.com

As you know, the journey to Lifetime Cash Flow is not one you take alone. Two of the most important team members you will need include a motivated and active agent/broker that focuses on multifamily, and a local banker that you’ve discussed loan options with and/or have a relationship with. The first team member will help you find deals, and the second will help you take them down.

5. Start to build relationships with potential investors.

 

Whether you think you need investors or not, I recommend starting to build those relationships. Remember, you are building relationships, don’t just talk real estate! They key is to find commonality and build strong and sometimes lifelong relationships.

6. Become professional.

 

One of the most common mistakes new investors make is treating their multifamily endeavors as a hobby, not a business. Don’t go and form an LLC yet, but spend a few bucks and order yourself some business cards, a basic website from Fiverr.com, and a free business phone number via Google Voice.

7. Buy or build your property and owner database.

Having a properly built property and owner database is worth its weight in gold. This will be a vital resource for direct mail marketing, cold calls, and overall knowledge of the area. You can build your list in Excel or use a free or low-cost CRM.

8. Get that first direct mail campaignout the door!

Direct mail is one of the best strategies to find off-market deals for any type/size of real estate, especially small multifamily. As stated above, a lot of these owners are older “moms and pops” and you’re not going to reach them via Facebook or PPC (Pay Per Click) ads.

I just interviewed a young couple in Houston who took my advice and mailed 300 letters and just closed on a 32-unit property which will net them $10K per month!

9. Implement other marketing strategies.

Don’t put all of your marketing eggs in one basket. Implement other strategies as well to ensure you have a consistent deal flow. Utilize auctions, driving for dollars, Craigslist, and the dozens of other ways you can find great off-market deals.

10. Practice, practice, practice analyzing deals.

When it comes to small multifamily you need to become an expert at analyzing both residential and commercial deals. You need to know that 2 – 4 unit properties are valued based on comparable sales and that 5-unit and up properties are based on the NOI and Cap Rate. The only way to become great at analyzing deals is to practice. Spend time every day reviewing deals and kicking the tires. Practice, practice, practice.

If you are interested in working together, simply fill in this form.  I’ll  stop by your office to meet with you and get some of your business cards. I look forward to it!

Tap to Visit TalkToAl.com

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Real Estate In Pinellas County – TalkToAl.Com

Thinking of selling your Pinellas County Home? See how we get you 2.7 % over market Value for your home. We market your Home around the Globe to get you maximum Value. We offer short term contracts. We sell your home in 90 days or there is no commission.

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2.2 Acres Of Vacant Land In The Heart Of Clearwater, Fl

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The 2.15 acres. Residential Land Use of R-4. This residential zoning permits single family and multifamily units.

The property is located in Unincorporated Pinellas County Bordering Clearwater, FL. the majority of North Betty Lane is residential.

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Tactics For Multifamily Investing

The 22 Tactics to Go from a Corporate Job to $300,000,000 in Multifamily Real Estate

On May 18th, 2017, I was on the other side of the mic when I was interviewed on the BiggerPockets podcast, one of the most downloaded real estate podcasts in the world.

During our conversation, we covered 22 different topics on how I went from my corporate job in advertising to controlling $130,000,000 in multifamily real estate – and now over $300,000,000.

Below, I included hyperlinks for each topic. Clicking on a link will send you directly to the time in the conversation when the topic was discussed. That way, you can skip around and find exactly what it is you are looking for.

If you want to listen to the interview in its entirety, ​click here.

7:20 – My corporate background in New York prior to buying my first investment property

11:44 – Why I began investing in single-family homes in my hometown of Texas while continuing to work my corporate job in New York.

13:44 – How I purchased my first deal in 2009 without ever visiting the property

17:00 – Tactic: How to invest in out-of-state real estate without viewing the property

21:40 Pros and cons of investing virtually

23:13 – Why I quit my job and transitioned to large multifamily investing via syndication

26:30 – Tactic: Shifting your mindset when making the leap from small to large investing and how I found my first apartment deal

31:04 – Tactic: 3 factors for qualifying a multifamily market

33:58 – What’s the strongest multifamily market in the nation? 

36:20 – My overall real estate investing goal and why it’s cannot be all about the money

37:40 – Outlining how I completed my first deal: What comes first, the deal or the money?

40:53 – The Master Lease: Pros and cons of buying apartments with a master lease and why it benefits the buyer and seller

47:50 – Tactic: How to leverage your existing network to raise private money for your apartment deals 

54:15 – Why putting your own “skin in the game” results in additional alignment of interest with investors

55:32 – Tactic: How to find off-market deals in a hot market

59:25 – Three ways I, the syndicator, make money on the deal?

1:01:52 – When underwriting deals, what metrics/criteria must an apartment meet in order for me to invest?

1:03:54 – Difference between economic occupancy and physical occupancy

1:04:20 – How do I find on-market and off-market deals?

FIRE ROUND Q&A

1:08:09 – Question #2: “I’ve been discussing potential investment opportunities in apartment syndications with my network. The toughest objection I’m coming across is ‘what if I need to get my money out early.’ How do I overcome this?”

1:09:16 – Question #3: “What are the downsides to apartment buildings with only 1-bedroom units?”

1:10:46 – Question #4: “How do I check to see if an investor group is real and not a slick organization trying to steal my money?”

Interested in Multifamily Investing? Contact us at TalkToAl.com

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St.Petersburg Luxury & Coastal Real Estate – Alex P Williams & Dalton Wade

Oriented between Tampa Bay and the Gulf of Mexico, St. Petersburg is one of Florida’s most multifaceted markets. The most populated metropolitan center on the state’s west coast, the area is a commercial and entertainment hub. Its vibrant downtown is complemented by a bevy of beach communities. In addition to an array of outdoor activities, the area is well-known for its museums, sports and cultural offerings. TalkToAl.com and Alex P Williams is a highly educated, experienced and well-traveled professional who transact confidently with affluent and international guests. Our associates are well-versed in this market; many have long personal connections with the area and understand the area’s uniqueness and value. TalkToAl.com and Dalton Wade Realty and our associates and brokers can provide you with all the help you need to buy or sell a luxury home.

Pinellas County is a uniquely beautiful peninsula community, bordered on the west by the Gulf of Mexico and the east by Tampa Bay, and the result is 35 miles of beautiful powdery beaches and a carefree waterfront luxury lifestyle. In fact, Pinellas County has two of the top 10 beaches in the country, named by a national survey of beaches. The two largest cities in Pinellas County are the well-known luxury destinations St. Petersburg and Clearwater, and a number of other smaller luxury communities inhabit the area as well, including Largo and Oldsmar. The county is connected across the bay to Tampa and Bradenton by a number of bridges and causeways, with the Sunshine Skyway Bridge, the world’s longest cable-stayed bridge at 5.5 miles, stretching across the mouth of the bay to Bradenton. As can be expected in an area with this much waterfront, fishing, surfing, boating, parasailing, and dolphin watching are all very popular in the area, and there are plenty of other activities to enjoy in Pinellas County, such as museums, a marine aquarium, shopping malls, and amazing tennis courts and golf courses. Perhaps the most wonderful quality of Pinellas County, though, is the 360-plus days of sunshine a year, ensuring that the area will meet all of your luxury destination desires. Contact us today at 727-418-1570, Alex@talktoal.com or fill in the contact form below. We look forward to finding your next Luxury Coastal property today.

Coverage Area

Belleair BeachFlorida
BradentonFlorida
ClearwaterFlorida
DunedinFlorida
     Indian Rocks BeachFlorida 
LargoFlorida
Palm HarborFlorida
Pinellas ParkFlorida
Port RicheyFlorida
Safety HarborFlorida
St. PetersburgFlorida
SarasotaFlorida
SeminoleFlorida
TampaFlorida
Tarpon SpringsFlorida
Wesley ChapelFlorida

Contact Us Now and let’s get started

                          

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Three Unit Multifamily for 190k- What?

MultiFamily Property In St.Petersburg, Fl – Only $190k

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TAP THIS LINK FOR MORE INFORMATION ABOUT THIS LISTING

Incredible Opportunity. This is a 2BR 1BA Block home with additional 1 BR 1BA above the 2 car oversized garage. Huge corner lot. The roof and windows are in great shape. Windows replaced in 2015 at $15,700.00. There is terrazzo under the carpet in the main home. The electrical in the main home has been updated. This home is zoned for multifamily less than 10 units. The above garage apartment (block) is very rentable. Below that apartment is a existing garage that could easily be built out to make 3 total units as the electrical, plumbing and walls are existing. The total rental income for all three units could easily be 2250.00. $800.00 for the home and 600.00 to 650.00 for the other two units. This is very conservative. All info must be verified by the buyer. See Pinellas County Property website – Multifamily 10 or less.Window update 2015. ROOF – 2006-$8000

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For Attorneys

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At a time when you could be mourning a loss, you may instead be having to deal with accountants and a tangle of red tape. At TalkToAl.com the respected experts in inherited property sales, we can alleviate some of the stress by painlessly selling the real estate portion of the estate.

Other than an attorney, your most valuable resource will be a real estate team that is trained and experienced in the intricate details of probate and inherited property sales. We can help ensure that nothing falls through the cracks in the sale of your estate home. When it comes to these type of complications, not all REALTORS® are created equal.

From Clean Out To Closing

Unfortunately, many estate properties suffer from deferred maintenance, either because the late homeowner was ill or simply could not maintain it properly for other reasons. You can alleviate the anxiety of cleaning out, repairing or maintaining the probate property by leaving the details to my team of carefully vetted reliable home professionals to bring the property up to marketable condition in order for us to list it and get you maximum value.

Our Team Can Also Facilitate The Sale Of Personal Possessions.

Over the course of a lifetime, people accumulate a wide variety of possessions, objects and belongings that reflect their lives.  Disposing of these possessions in a dignified, yet efficient manner, is often an obstacle in bringing the estate to a final settlement. If that’s the case, our team can help coordinate a successful estate sale or refer you to reliable appraisers and other professionals that will sell the belongings for top dollar.

You should also be aware that the estate can realize significant tax advantages by donating any unclaimed assets and possessions to charity, and we maintain strong personal relationships with numerous charities that would welcome these donations with open arms.

 

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Contact us with any questions that you may have and let us help you  get the Process under way! Fill in the contact information or simply call 727-418-1570

Visit TalkToAl.com

Raise The Appraisal Value Of Your Home- TalkToAl.Com

Tap this Link To Find Out The Value Of Your Home

When buying or selling a house, the appraisal value plays a huge role. Appraisals help sellers determine the market price of their home. Additionally, buyers sometimes call in appraisers to assess a property before making an offer. According TalkToAl.Com, appraisers do not inspect the physical condition of the house. Instead, appraisers simply compare the overall features and amenities of the house with other similarly valued houses in the area. To maximize the appraisal value of your home, there are a few tips that every home seller should follow.lawn.jpg
1
Make a list of any updates. Some home items are difficult to “date” simply by looking at them. According to TalkToAl.com, a home seller should always provide the appraiser with a list of updated items. If the furnace, air conditioner, appliances or other amenities are new, the appraiser may factor these new items into his overall estimate. Without a list of updates, however, some of these new items might be overlooked.
2
Fix cosmetic blemishes. While it is important to get your home’s physical structure up to code before selling, an appraiser will not be specifically looking for structural problems. Structural and functional issues can be addressed later on, prior to an inspection. If a major problem is obvious, you’ll need to fix it for the appraisal, but otherwise your primary concern will be cosmetics. Make sure you repaint any rooms with chipped or faded paint. Clean the carpets and the kitchen. When your home is in pristine condition, it will likely receive a higher appraisal value.
3
Update your fixtures, but don’t overspend. Small changes can make a big difference. Light switches, faucets and other nominal items can make your home seem dated. Newer fixtures are inexpensive but can help add to your appraisal value.yarkwork-800x600-web
4
Attend to the exterior of the property. When preparing for an appraisal, some people focus entirely on the interior. However, power-washing the siding can help make the home look newer and cleaner. Additionally, a well-landscaped yard can make your home more comparable to high-value properties in the area.
5
Remove pets, litter boxes, chew toys and ashtrays before the appraisal. A few candles or some fresh-baked cookies can mask the smell of smoke and pet dander while an appraiser values your home, but visible signs of pets and cigarettes can clue the appraiser into potential odor issues, which might lower the value of your home.

Thinking Of Selling Your Home? Give us a call and find out how we get 2.7% over market value for your home. TalkToAl.Com – 727-418-1570

How to list and sell apartment buildings

Here is a link to a slide show – I hope you gain some valuable information here.

After reading you may decide that you need a professional. At TalktoAl.com listing, marketing and selling apartment properties is all we do. Thinking of selling – TalktoAl.com

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When it’s time for a property owner to prepare their apartment disposition, there are many items that they need to consider and “check off” in order to ensure that the property can sell at the highest price possible and to also make the transaction process a smooth one. In my opinion as a multifamily property broker, there are threApartment Disposition Checkliste main categories to address before marketing an apartment property: property financials, property appearance, and managerial aspects.

Property financials

The first category, and arguably the most important, are the property’s financials. This is a very important part of getting the building ready to sell and should be highly prioritized by owners. Apartment property owners should start thinking about the building’s financials long before they intend putting the property on the market. Investors and banks alike will want to analyze the property’s trailing 12 month profit and loss statement. Landlords want to have their numbers portray an upward trending picture as it relates to their rents and expenses. The building’s occupancy levels and rents are a catalyst for an upward trending rent roll. For a landlord to stabilize the rent roll with market level rents and low vacancy, adds value. The same principle applies to the expenses of the building.

Owners can pre-emptively implement cost cutting strategies that drive the buildings expenses down. These can be as big as:

  • Billing back for utilities
  • Hiring a more affordable, more efficient management company
  • Fighting property taxes to things like installing low flow toilets or installing high efficiency lights

Upward trending financials should be coupled with diligent and accurate accounting of all extra income and capital expenditures (ie. Having capital expenditures excluded from reoccurring repairs and maintenance). Not only should these items be diligent and accurate in the way they are accounted for but they should be reproduced and updated on a monthly basis. Clean and accurate financials make underwriting the building straightforward for both investors and banks. This is especially important in a market that has a lot of velocity and deal volume. The less financial questions and unknowns paired with upward trending financials, the smoother the transaction will go for everyone involved.

The building’s physical appearance and first impression

The second category is addressing the physical appearance of the building to ensure that the property makes a good first impression. There is a large list of items that an owner can do to make sure that the property shows in its best light.
I think that some of the most important ones are as follows:

  • Ensuring that the boiler room is organized and cleaned. This means removing any signs of obvious leaking, rust or corrosion.
  • Closely monitoring the general cleanliness of the building. This can be a daunting task on a bigger building but it is important to make sure that hallways, laundry rooms, common areas, exterior common areas and trash areas are all kept clean and free of debris and trash.
  • Landscaping is key to making a good first impression on the investors that are touring the building. Insuring that these areas are well manicured and free of weeds and animal waste help assure that a building makes a good first impression.
  • Owners want to check and see that there are no noticeable safety hazards. This includes making sure that snow and ice are properly removed and that there are no encumbrances to a building’s fire code. Owners can strip a parking lot, which can really boost the curb appeal of the property and contribute to that great first impression of a property.
  • A new paint job or even the touching up of chipping paint can go a long way in the appearance of the building.
  • Finally, landlords should fix or replace obvious signs of rust especially in and around the exterior hallways and around the stringers and stairs.

This concludes the work that can be done to the physical appearance of the property before getting it ready to sell. Some of the items I mentioned here can come at great expense to an owner, so the owner should know what their target price and disposition strategy is before getting the building ready for sale. Having a disposition strategy will help owners decide how much money and work they need to put into the building to achieve their desired price.

Marketing process and managerial aspects

The final category is managerial aspects. There are a handful of items owners can do to improve the marketing process and secure a smooth sale.

Some things to consider:

  • Deciphering how to best do showings. Showings will inevitably happen during the marketing process. With that being said, having a few relatively clean tenants that the owner has a good relationship with and can show the units on a consistent basis will make the showing process an easy one.
  • More often than not, owners have a management firm employed that does all of the day-to-day work at a building. Owners want to make sure that management is made aware and incentivized to do a good job in helping the sale and transition from old owner to new owner a smooth one.
  • Finally, owners should hire a qualified broker or brokerage team like TalkToAl.com to represent them in the apartment sale. When choosing the right broker, owners want to make sure that the broker knows the property and surrounding location very well, has sales experience in the area, is someone they trust and get along with, and finally is a broker who has a strong track record in achieving the highest sale price for their clients.

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Talk To Al

Now is a great time to sell and move into your new dream home!. 

If you’ve been sitting on the fence about selling your home, it might just be time to hop off. Now. To put it in other terms: 2018 is poised to be the year of the home seller, real estate experts say. So what are you waiting for?

“Sellers have been in the driver’s seat for the last two years, but this year is shaping up to be even better for several reasons,” says Jonathan Smoke, chief economist of realtor.com®. “Nothing is bad for sellers today.”

A combination of factors is coming together to make 2018 a prime seller’s market for most of the nation. Here’s what’s driving it:

Florida Waterfront Property along Canal Real Estate
Let us help you find that dream hoe on the water in Pinellas County!

 

It’s all about rates, baby. Low mortgage rates translate to lower monthly costs. Lower costs entice buyers, which is good for sellers.

Although mortgage rates have been ticking up since mid-October to slightly over 4%, the rates for a 30-year fixed mortgage—the most popular home loan—are still hovering near 30-year lows. For now.
“We expect them to hold at this (4%) level for a while and continue to adjust up,” says Danielle Hale, managing director of housing research for the National Association of Realtors®. “Mortgage rates rarely move in a straight line. They could be in the 4.6% to 4.8% range by the end of the year.”

What does that have to do with home sellers? Well, potential buyers who are armed with that knowledge might hustle to close on a home before a rate hike.

What if you’re nowhere near ready to put your house on the market? That’s OK. Even if rates nudge up by the end of 2018, they’re still expected to be low enough to seduce buyers. The tipping point is when rates reach 5%, experts say. That’s when they could put the brakes on the robust real estate market.

“If they go above 5%, we’re going to see home prices come down,” says Trevor Levin, a real estate agent with Nourmand & Associates in Los Angeles.

Reason No. 2: Inventory is shrinking

Remember in Econ 101, when you learned that low supply and high demand lead to rising prices? The same is true—in spades—for residential real estate. When inventory shrinks, available homes become more valuable. As Martha Stewart would say, that’s a good thing for sellers.

Let’s put it in perspective: In 2007, just before the housing crash, existing home inventory peaked at 4.04 million homes for sale, according to NAR data. Fast-forward to November 2016: There were only 1.85 million homes for sale, 9.3% lower than the year before—and a whopping 54% lower than the 2007 peak.

“Quite simply, sellers this year have the least competition,” Smoke says.

And get this: Not only are there fewer homes for sale, but the time those homes have spent on the market has decreased year over year as well. If priced correctly, the typical home should move quickly, Smoke says. And that’s another boon for sellers.

“Many potential sellers don’t want to think about having to prep a home for showings and deal with an indefinite period of having to keep things in perfect shape,” he says. “Fast-moving inventory limits that pain.”

Reason No. 3: Home prices are rising

Lower inventory and greater demand have pushed up home prices. The median existing-home price in November 2016 was $234,900, up 6.8% from November 2015, when it was $220,000, according to the NAR. And that’s no fluke. That was the 57th consecutive month of year-over-year gains.

Higher prices particularly benefit the seller whose property value plunged during the recession, sometimes to less than he owed. Thanks to rising prices, many homeowners whose property was underwater can now sell without suffering a big loss.

“2018 will be a rare ‘balanced market’ for buyers, because even though mortgage rates are edging up, many sellers have recovered enough equity to be able to afford to sell,” says Colby Sambrotto, president and CEO of USRealty.com.

Reason No. 4: Job markets are strengthening

As unemployment decreases and wages (finally) increase, consumer confidence will climb. Increased confidence will spur buyers to jump into the market—which is, you guessed it—more good news for sellers.

These pieces of the puzzle create a “virtuous cycle,” Smoke says. It’s not a term he coined, but it’s one he hasn’t had a chance to use in many years.

“These things are all connected,” Smoke says. “If people are confident, they’re more likely to buy big-ticket items like houses and cars. And then they spend more money on other things. It reinforces the economy, creating a virtuous cycle.”

The only ‘bad’ news for sellers

If you sell your home today, you mostly likely will buy another. Then, all the economic factors that worked in your favor as a seller will work against you as a buyer.

Sellers have a few options. You can rent for a while, and hope that prices come down in the future. But whatever you save on the price of a house you could surrender when mortgage rates climb to 6%—as predicted for 2019 and 2020, Smoke says.

The take-home lesson: Don’t wait, because mortgage rates won’t.

“There are opportunities for a seller-turned-buyer who wants to downsize in this market,” Smoke says. “You can lock in financing rates that you’ll never see again, and very likely make the trade-off work.”

TalktoAl.com

Alex P Williams

727-418-1570

alexw@kw.com

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Streaker Wanted Fast!

TalkToAl.com is looking for a streaker. streak

Streaking is the act of running naked through a public place for publicity.
Streaking “running naked in public” first recorded 1973
The occasional ‘streaker’ is easy on the eye, however they tend to be streaking for a different motive; generally, due to a lost bet.
What are you willing to do to be successful in real estate? TalkToAl.com is looking for a licensed real estate agent to build a successful career around a particular niche of the real estate market. Full training is available and mandatory. Once this skill is learned you will be required to “use it” everyday. streake
Skills needed:
Running – Meaning energy
Wardrobe is not an requirement
Not afraid to be in the public eye
Leads supplied
Make appointments, be prepared for those appointments and on time
Talk while running
Full Time Job

Interested? Please fill it out

Selling Probate Real Estate Alex P Williams

Wills, Probate and selling Probate Real Estate.

The law varies by state. Regardless of each states variation, the probate process takes time and you will need direction and assistance from a variety of professionals. Lets look at some of the challenges you might face and how to surmount them with ease utilizing some skilled local people.

Getting Started

You begin the probate process by asking the court to officially make you executor. (To learn more about whether to serve as executor, see What you will need to know If you end up acting as executor, you’ll need to:

  • File a request (called a petition or application) for probate in the county in which the deceased person was living at the time of death. You will also need to file the death certificate and the original will (if there is one) with the court.
  • Publish a notice of the probate in local newspaper according to court rules. Mail notices to creditors you know about.
  • Mail the notice to beneficiaries and heirs, as required by the court.
  • File proof that you properly published and mailed the notice.
  • Post a bond (if required by the court), which protects the estate from any losses you cause (up to a certain dollar amount). The amount of the bond depends on the size of the estate.
  • Prove the will’s validity by providing statements from one or more witnesses to the will. This is often done by submitting the “self-proving affidavit” that was signed by the witness in front of a notary at the time the will was signed.
  • File other documents required by the court.

Administering the Estate

As executor, you’re in charge of keeping estate property safe during the probate process. You will prepare a list of the deceased person’s assets and, if necessary, get assets appraised. You’ll need to:

  • Get an employer identification number for the estate from the IRS.
  • Notify the state health or welfare department of the death, if required by state law.
  • Open an estate bank account.
  • Arrange for preparation of income tax returns.
  • Prepare and file an inventory and appraisal of estate assets.
  • Mail a notice to creditors and pay debts (state law may impose a deadline on you).
  • If the court requires it, file a list of creditors’ claims you have approved and denied.
  • If required, file a federal estate tax return within nine months after death. (Most estates are not large enough to owe federal estate tax).
  • If required, file a state estate tax return, usually within nine months after death. (Fewer than half the states impose their own tax.)

Closing the Estate

When the creditor’s claim period has passed, you’ve paid debts and filed all necessary tax returns, and any disputes have been settled, you’re ready to distribute all remaining property to the beneficiaries. You’ll need to:

  • Mail a notice to heirs and beneficiaries that the final hearing is coming up. (This must be done a certain period of time before the hearing; the court will have a rule.)
  • File proof that you mailed the notice as required.
  • Get the court’s permission to distribute property.
  • Transfer assets to the new owners and get receipts.
  • After you distribute assets and all matters are concluded, file receipts and ask the court to release you from your duties.

 

Informal Probate

Most probates in UPC states are informal. This relatively simple process is used when inheritors are getting along and you don’t expect problems with creditors. If anyone wants to contest the proceeding, you cannot use informal probate. The whole process is just paperwork — there are no court hearings.

The first step is to file an application with the probate court to begin an informal probate and serve as the “personal representative” (the term UPC states use instead of “executor” or “administrator”).Once your application is approved, you will have official authority — often in the form of a document called “letters testamentary” or “letters” — to act on behalf of the estate. You will need to do the following:

  • Send out formal written notices of the probate to heirs, beneficiaries, and creditors that you know about.
  • Publish a notice in the local newspaper to alert other creditors.
  • Provide proof that you’ve properly mailed and published the notices.
  • Prepare an inventory and appraisal of the deceased person’s assets.
  • Keep all estate property safe during the probate.
  • Properly distribute the property.

After you have distributed the property, you can close the estate informally by preparing and filing a “final accounting” with the court. Finally, you’ll file a “closing statement,” stating that you have paid all debts and taxes, distributed the property, and submitted the final accounting.

Unsupervised Formal Probate

Unsupervised formal probate in UPC states is a traditional court proceeding, much like the regular probate described above. It is generally used when there is a good reason to involve the court — for example, if there’s a disagreement over the distribution of the estate’s assets, the heirs need to be determined (if there is no valid will), or minors are inheriting significant property.

You may need to get the court’s permission before you sell the deceased person’s real estate, distribute property to beneficiaries, or pay a lawyer — or yourself — for work done on behalf of the estate. To close the estate, file an accounting that shows how you handled the estate’s assets.

Supervised Formal Probate

Supervised formal probate is the rarest form of probate. It’s used only if the court finds it necessary to supervise the probate procedure — for example, because a beneficiary can’t adequately look after his or her own interests and needs the court’s protection. As you might expect, you must get court approval before distributing any property in this case.

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Everything You Need To Know To Sell Your Probate Home!

First All About Insurance – It’s a biggie

Homes that are vacant for more than 30 days are not covered by standard home owner policies. This is a major issue and one that most Personal Representatives are not aware of. It has been found that families carry 80% of there wealth in real estate. To home fire.jpeghave that asset uninsured could be tragic. I have found a insurance agent that can solve this problem with a Vacant House policy – month to month.. I am passing this information along to you because I want to become your “go to” real estate agent.

VACANT HOUSE POLICY AVAILABLE THROUGH ELISE KITTRELL – 727-399-1900

See this article on vacant homes not covered – https://www.irmi.com/articles/expert-commentary/managing-the-risks-of-a-vacant-home

Why is this article everything you need to know. Because I am the only person you need to know to handle the entire process!
Why in the world would you use TalkToAl.com (Me) over any other agent? Because this is what I do! 98% of real estate agents are going to be clueless about the process! I understand the in’s and out’s of the process. I can prepare your Probate home to get you maximum sales price. DO NOT even consider selling to the wholesale fix and flop crowd. Homes in today’s market are bringing top dollar with a average days on market of 18. I can sell it and get you top dollar faster that a wholesaler can buy it! It still has to complete the probate process anyway. I can sell it to a buyer in the open market with the understanding that they will take possession when the probate clears.

WHAT ELSE CAN I DO?
Many Heirs and Personal Representatives live out of the area. When there is real estate in the probate, they usually come and take the family heirlooms but are left with an entire home full of contents that they have no idea what to do with. I call this “Probate Quicksand”. Here is where I come in…….

I or one of my team members will advertise and hold an estate sale, auction off the items and give the proceeds to you the family. Our clean out crews will dispose of the rest – if that is the families wishes. If necessary we have contractors and handyman services to fix up any needed items, pressure wash and clean the home up in order to get the maximum dollars in the sale. A out of town P.R. could take days to find a responsible crew to do this work. Many of the people we help never even leave their home and we never meet them. We have a notary service that will deliver all of the documents at closing.

What if there are collector items in the estate the family wishes to sell. I have this situation now with a client who inherited a home full of collector dolls. One of the people we contact in this case is Dale Smrekar at 813-244-4160. He is a downsizing specialist and specializes in appraising, buying and selling these types of items.

What if one of the remaining family members needs to be relocated after the death of a loved one – We have associates that handle that, such as “House to Home Relocation” or Barbara Marshall – 727-385-4746.

What if you have a vehicle from a Heir you need to sell? We buy the car at fair market value or have one of our services give a cash price- “BuyAnyCarTruck.com” is one of our companies.

What if the heir does not have any money to care for the property and wants to sell it. In todays market I can sell a home as fast as they can wholesale it. There is no need to sell for .70 cents on the dollar. I’ll list it and sell it in the same amount of time for all the money.

Certified Personal Property Appraiser – Dale Smrekar – 813-244-4160
Auction Companies – InterbayEstateSales.com -Carol  727-481-8915 35% Provides everything
Clean out king 727-251-4540
Charity Pick up service – St.Justin Martin Catholic Church
www.buyanycartruck.com
Need a CMA – call me
Downsizing and relocation services available

CALL ME TODAY AND LET’S GET STARTED

727-418-1570

Alex P Williams
Residential and Commercial Probate Specialist
727-418-1570
apwcopter@gmail.com
TalkToAl.com

TalkToAl.com -Helping Families With The Probate Process.

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At a time when you could be mourning a loss, you may instead be having to deal with accountants and a tangle of red tape. At TalkToAl.com the respected experts in inherited property sales, we can alleviate some of the stress by painlessly selling the real estate portion of the estate.

Other than an attorney, your most valuable resource will be a real estate team that is trained and experienced in the intricate details of probate and inherited property sales. We can help ensure that nothing falls through the cracks in the sale of your estate home. When it comes to these type of complications, not all REALTORS® are created equal.

From Clean Out To Closing

Unfortunately, many estate properties suffer from deferred maintenance, either because the late homeowner was ill or simply could not maintain it properly for other reasons. You can alleviate the anxiety of cleaning out, repairing or maintaining the probate property by leaving the details to my team of carefully vetted reliable home professionals to bring the property up to marketable condition in order for us to list it and get you maximum value.

Our Team Can Also Facilitate The Sale Of Personal Possessions.

Over the course of a lifetime, people accumulate a wide variety of possessions, objects and belongings that reflect their lives.  Disposing of these possessions in a dignified, yet efficient manner, is often an obstacle in bringing the estate to a final settlement. If that’s the case, our team can help coordinate a successful estate sale or refer you to reliable appraisers and other professionals that will sell the belongings for top dollar.

You should also be aware that the estate can realize significant tax advantages by donating any unclaimed assets and possessions to charity, and we maintain strong personal relationships with numerous charities that would welcome these donations with open arms.

 

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Contact us with any questions that you may have and let us help you  get the Process under way! Fill in the contact information or simply call 727-418-1570

Visit TalkToAl.com

Alex P Williams Sells Probate Homes – Call 727-418-1570

As you know homes that are vacant for more than 30 days are most likely not covered by standard home owner policies. This is a major issue and one that most Personal Representatives are not aware of. It has been found that families carry 80% of there wealth in real estate. To have that asset uninsured could be tragic. I have found a insurance agent that can solve this problem with a Vacant House policy – month to month.. I am passing this information along to you because I want to become your “go to” real estate agent for probate clients.

VACANT HOUSE POLICY AVAILABLE THROUGH ELISE KITTRELL – 727-399-1900

See this article on vacant homes not covered – https://www.irmi.com/articles/expert-commentary/managing-the-risks-of-a-vacant-home

Why in the world would you use me over any other agent? Because this is what I do! I DO NOT need baby sitting and I understand the in’s and out’s of the process. I can prepare home sellers and answer many questions that they have, leaving you to do what you do and not worry about the sale of the home asset. I will prepare CMA’s, deliver by hand the listing contracts to your office when I get them and hold the customers hand through the process.

WHAT ELSE CAN I DO?
As you know many PR’s live out of the area. When there is real estate in the probate, they usually come and take the family heirlooms but are left with an entire home full of contents that they have no idea what to do with. I call this “Probate Quicksand”. Here is where I come in…….

I or one of my team members will advertise and hold an estate sale, auction off the items and give the proceeds to the family. Our clean out crews will dispose of the rest – if that is the families wishes. If necessary we have contractors and handyman services to fix up any needed items, pressure wash and clean the home up in order to get the maximum dollars in the sale. A out of town P.R. could take days to find a responsible crew to do this work. Many of the people we help never even leave their home and we never meet them. We have a notary service that will deliver all of the documents at closing.

What if there are collector items in the estate the family wishes to sell. I have this situation now with a client who inherited a home full of collector dolls. One of the people we contact in this case is Dale Smrekar at 813-244-4160. He is a downsizing specialist and specializes in appraising, buying and selling these types of items.

What if one of the remaining family members needs to be relocated after the death of a loved one – We have associates that handle that, such as “House to Home Relocation” or Barbara Marshall – 727-385-4746.

What if you have a vehicle they would like to sell? We buy the car at fair market value or have one of our services give a cash price- “BuyAnyCarTruck.com” is one of our companies.

What if the heir does not have any money to care for the property and wants to sell it. In todays market I can sell a home as fast as they can wholesale it. There is no need to sell for .70 cents on the dollar. I’ll list it and sell it in the same amount of time for all the money.

Certified Personal Property Appraiser – Dale Smrekar – 813-244-4160
Auction Companies – InterbayEstateSales.com -Carol  727-481-8915 35% Provides everything
Clean out king 727-251-4540
Charity Pick up service – St.Justin Martin Catholic Church
www.buyanycartruck.com
Need a CMA – call me
Downsizing and relocation services available

Alex P Williams
Residential and Commercial Probate Specialist
727-418-1570
apwcopter@gmail.com
TalkToAl.com