Courtesy of
Mindy Dougherty
(727) 314-5553 (Direct)
(727) 953-6306 (Office)


Are you ready to live in a condo?
Owning and living in a condo is quite different than a single-family home. Understanding the pros and cons in advance of making your move to a condo is important for a happy transition. The most important difference? You're part of a Condo Association and you have to follow its rules.

The Association also takes care of maintenance, such as exterior painting and landscaping. Regular maintenance costs and expenses like water, sewage, and garbage are often included in your monthly Homeowners Association (HOA) dues. 

A portion of your HOA dues is set aside for reserves to handle things like a roof replacement. However, if the reserves are not adequate, you could get a special assessment. That will be split among condo owners to cover the needed repair. Look closely at the reserves before you buy.
Is real estate still one of the best investments you can make?
The Great Recession's impact on the housing industry has some people wondering if real estate is still a great investment. After all, home values fell nationwide. But as the saying goes, time really does heal all wounds. 

If you look at real estate over a long period of time, home values have proven to be resilient. In fact, more than half of U.S. homes are now worth as much or more than they were at the peak of the national housing boom in April 2007! National home prices are expected to rise another 5.5 percent this year.
New to the Market!
2nd Ave S. & 2nd St. S., Safety Harbor, FL 34695
2-3 Bedrooms  |  2.5 Bathrooms  |  1260-1755 Square Feet
Call today to reserve your new home, choose your finishes and finalize your upgrades! 
Four luxury townhomes with fenced green space include a 2 car garage, 3 bedrooms, 3.5 baths, 2,369 square feet of living space just steps from downtown, the marina and Tampa Bay serenity. *Elevator options available.
Twelve Condominiums range from 1,260-1,755 square feet, include 2-3 bedrooms, 2.5 baths, under building and reserved parking, balcony’s with bay views and in unit laundry. 
Units include Exclusive Free membership to the Safety Harbor Resort and Spa for 3 years with owner discounts thereafter.

Learn More
Can you use a Reverse Mortgage to buy a home?
Did you know that a Reverse Mortgage could be used to purchase a home?

Meet the Home Equity Conversion Mortgage (HECM) for Purchase. Buyers must be 62 or older to qualify. It's a federally-insured loan. As long as you live in the home, you will never make a mortgage payment. The loan increases over time and the interest accumulates and is added to the principal balance. The balance is due when you sell, move out for 12 months or more or die.  

The catch: it requires about a 50% down payment. That creates enough equity to cover the accrued interest on the loan. The down payment can come from the sale of another home, from savings or a gift from a family member. 

You just can't borrow the down payment. Most folks will use the proceeds from the sale of a home as their down payment.
Mindy Dougherty

RE/MAX By The Bay
100 Main Street, Safety Harbor, FL 34695
Each Office Independently Owned and Operated.
©2018 Imprev, Inc. Pub 12/18