Moving to Davenport/ Orlando: Homeowners ins question... (Tampa, Lakeland: mortgage, foreclosures)

[Jelenity]

Anyone able to help out with a range on what the 07 home owners ins is costing now?? We looked and found a lovely home in Davenport for the two of us and our twin daughters and would like to know what to expect more or less when people start returning our calls.

Thank you!
Jelenity~

[AJ67]

is it a brand new one ? in a new neigborhood?...how many sqfeet....
Insurance is up in the air right now...be cautious and shop around

[Jelenity]

10 yrs old, looks to be in wonderful condition, neighborhood has been around fro about 1 yrs or so ... we are having it inspected on Monday. 1819sq ft. single story, slab, block, and shingle. I have been looking but it seems like in 2 days I only have 1 estimate... I wonder if the wait is starting to get it me.

Jelenity~

[cmj_fla]

You might also want to try Southern Fidelity. They are writing pretty low

[Jelenity]

4 bd 2 bath
$249,000 is what we are paying for the house.

Thank you!
Jelenity~

[Nirvana-Guy]

Originally Posted by Jelenity

10 yrs old, looks to be in wonderful condition, neighborhood has been around fro about 1 yrs or so ... we are having it inspected on Monday. 1819sq ft. single story, slab, block, and shingle. I have been looking but it seems like in 2 days I only have 1 estimate... I wonder if the wait is starting to get it me.

Jelenity~

It SOUNDS good, but have you had a home inspection done? If the house is 10 years old, it should meet post-Hurricane Andrew specs and it should be slightly less expensive to insure.

Make sure the inspector has insurance AND that you get proof of isnurance from him (in writing), so that if he screws up and you get a moldy house, then you can sue.

Also, make sure he is certified in MOLD inspections, as FL is the mold capital of the USA. If he is not, then get an inspector who IS mold -inspection certified.

The price doesn't seem to bad for the square footage, but it might NOT appraise (I am talking the appraisal review, not the appraisal you pay for intitially). The recent foreclosures have lowered values in the market and banks are no longer doping 100% financing for over-inflated home prices in FL, CA, etc.

[Floridasunshine]

That seems to high for me. You can get new home for 150,000 in lakeland why buy used. These builders are easier to get mortgage with too. There are several 4 in our new sub for sale by builder for 220 with upgrades for 1800 sq ft. 2500 just sold for 240 brand new 2 story with up grades. Buy new not used.

[Nirvana-Guy]

Originally Posted by Floridasunshine

That seems to high for me. You can get new home for 150,000 in lakeland why buy used. These builders are easier to get mortgage with too. There are several 4 in our new sub for sale by builder for 220 with upgrades for 1800 sq ft. 2500 just sold for 240 brand new 2 story with up grades. Buy new not used.

I can see your point, BUT this person probably wants/needs to commute to Orlando and not to Tampa. Lakeland is closer to Tampa.

Check who the new homs builder is, before buying. Some of these 'never heard of' builders are using sub-standard materials and workers and the homes (even new ones) have mold and foundation problems.