Rudolpho Cervantes

Rudolpho Cervantes My goal is to guide you successfully and easily through the contractual, investment, and emotional decisions involved in the Real Estate process.

Gorgeously remodeled 3bedroom 3baths 2106sqft Condo at Gated Summerwinds (no short term rentals) Price reduced. $1,125,0...
07/14/2023

Gorgeously remodeled 3bedroom 3baths 2106sqft Condo at Gated Summerwinds (no short term rentals) Price reduced. $1,125,000.00 Please contact me with any questions you may have including viewings. Thank You Kindly! 🙏

August 14, 2019HUD to Announce Long-Awaited FHA Condo RulesThe U.S. Department of Housing and Urban Development is expec...
08/14/2019

August 14, 2019
HUD to Announce Long-Awaited FHA Condo Rules
The U.S. Department of Housing and Urban Development is expected to release updated guidance tomorrow on FHA-insured condominium financing. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options.


Specifically, the new rules will:


Extend FHA certifications on condo developments from two years to three years, reducing the compliance burden on condo boards.

Allow for single-unit mortgage approvals—often known as spot approvals—which will enable FHA insurance of individual condo units, even if the property does not have FHA approval.

Secure additional flexibility in the ratio of investors to owner-occupants allowed for FHA financing in a condo building.


The full guidance will go into effect in mid-October, 60 days from publication.


“Condominiums are often the most affordable option for first time home buyers, small families, and those in urban areas,” said NAR President John Smaby, in a statement issued to the media Wednesday morning. “We are thrilled that (HUD) Secretary (Ben) Carson has taken this much-needed step to put the American dream within reach for thousands of additional families.”


Since 2008, NAR has championed policy changes in condo lending. NAR has sought rules that would allow the owner-occupancy level to be determined on a case-by-case basis and that would extend the approval period for project certification to five years.


NAR’s existing-home sales report for June showed condominium and co-op sales at a seasonally adjusted annual rate of 580,000 units, a decline of 3.3% from May and 6.5% from June 2018. With more than 8.7 million condo units nationwide, only 17,792 FHA condo loans have been originated in the past year.


“This ruling, which culminates years of collaboration between HUD and NAR, will help reverse recent declines in condo sales and ensure the FHA is fulfilling its primary mission to the American people,” Smaby said.


The full rule for single-family condo financing is scheduled to be published in the Federal Register on Aug. 15, 2019, and available online at https://federalregister.gov/d/2019-17213, and on govinfo.gov.

Project Approval for Single-Family Condominiums

Today's Sunset! :)
12/14/2017

Today's Sunset! :)

Beautiful Unit, more available! :)
11/25/2017

Beautiful Unit, more available! :)

I strongly recommend ASP Nick Carver for all of your pool needs!!
03/07/2017

I strongly recommend ASP Nick Carver for all of your pool needs!!

03/04/2017

Citizens for a New PCB

I would like to share some information to help dispel some of the negative comments that continue to be on any threads about the Spring Break changes. I want to start by putting out some facts:
Spring Break did generate large revenues.
Many businesses were hurt by the change to Spring Break.
Many citizens no longer felt safe in their own city.
I think we can all agree on the statements above. I can tell you I fought for two years prior to the ban to bring some kind of sensible enforcement to something that had gotten way out of control. It fell on deaf ears and nothing was being done by the City or the businesses to get it under control. The citizens rose up and said enough was enough and changes happened. Here is a small snapshot at some statistics from the last wild Spring Break:
360 Drug Arrest
100 Illegal Guns
17 Armed and Dangerous (these are convicted felons in possession of fi****ms)
37 Rapes, not 1
7 shot and hundreds of other arrest
Hundreds of other minor arrest
This is why, above everything else, most of the citizens believed the Spring Party that brought millions was no longer worth it. Everybody has to make their own decision on what is your tipping point, when the value of money outweighs a City's morals and values.
Now, let's get to the constant scare tactics that are used regarding the City and the County going under due to the loss of Spring Break as we knew it. First, the City lost 17% last March off of its 1%, which provides 45% of our budget to run the City. This includes police, fire, City employees, parks and recreation - a pretty substantial operation. Once again, any loss is bad and is real to those businesses who suffered. Dollars-wise to the City, that represented a loss of $170,000 in tax dollars. Now let's look at the previous year. The City had to supplement police and emergency to a tune of over $500,000 above the taxes generated from Spring Break. That is an actual loss to the City. It was the only month of the year that did not pay for itself. So financially, the City was better off and actually saved money. Additionally, the City ended up 5.3% in revenue for the year. However, we know some businesses did lose.
Next, the County 5% bed tax. Unfortunately, that does not actually go to the County for their operations. So, this does not affect their budget. What does affect their budget is property taxes, which were being stifled by the bad reputation of Spring Break. The beach supplies 50%-60% of the property tax to the County. As soon as the ordinances went in place, property values went up 10-15% and investors were willing to buy again.
Regarding the bed tax, it is true they were down 40% for March and down less than 1% for the year. The TDC does not pay for City or County operations. It handles the advertising for the beach, beach re-nourishment, and assists with special projects. Once again, any loss is not a good loss, however, it does not put City and County budgets at risk. It also has not affected your property taxes.
What we should be happy about is the fact that we have the lowest property tax in the state. We have the lowest water/sewer rates on the beach, including within our county and adjoining counties.
So far, we are running over 12% for the last three months above revenue from last year. I can only hope that the increased revenue year-round will help those with the loss of business in March.
We do not know what March holds for us this year. I do believe those who catered to Spring Break will see a continued loss. However, I do believe that we will see more families in March. Because this will trigger the "there are no families on Spring Break in March" responses, here are a few who are on Spring Break:
March 11-18 - the whole state of Texas; Springfield, MO; Rankin County, MS; Jackson, MS; Memphis, TN; Dayton, OH. March 18-25 - St.Louis Mo; Indianapolis, IN; Kansas City, MO; Nashville, TN. March 25-April 1 - Cincinnati, OH; Illinois; Cleveland, OH; Murfreesboro, TN; Jefferson County, AL; Evansville, IN. These are to name a few.
I don't recall anyone saying this would be an easy transition and that there would not be losses. What I can say, is that financially it has not been the doom and gloom to the City and County that some continue to spread and constantly tell people their taxes are going up. There were many businesses that did suffer. I hope and pray that the increased business year-round will ease some of that pain.
Please feel free to share this information if you like. Anybody can have their own opinions, but they are not entitled to their own facts!

Hector Solis

09/01/2016

No Bridge Closures Anticipated.
Florida Highway Patrol is the state agency responsible for determining any bridge closures, which would occur if winds reach a sustained 50 mph. No bridge closures are planned at this time. People are encouraged to stay indoors Thursday evening through Friday morning during the storm.
Weather conditions will begin to diminish Thursday afternoon. Currently, Hurricane Hermine is expected to bring winds of 40 mph or higher, a storm surge of one to three feet and two to four inches of rainfall.
The Bay County Board of County Commissioners met at 1 p.m. Thursday afternoon and approved a local state of emergency to support preparation, response and recovery from this event.

08/28/2016

Every successful process begins with a foundation, a base upon which an entire strategy is built to reach the established goal. Without a strong foundation, the whole system could crumble, leaving you scrambling trying to pick up the pieces. When it comes to selling your home, it could be a long roa...

07/25/2016

What a great idea. More Security and Peace of Mind!

Philips Hue is personal wireless LED lighting. Choose white light or over 16 million colors, the possibilities are up to your imagination. Meet Hue.

My lovely granddaughter and I
07/23/2016

My lovely granddaughter and I

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