Andre's Blog

Buying a Vacation or Retirement Home in Miami

Andre Shambley (Herman Group Real Estate) — Mon, 09 Nov 2009 08:56:18 -0600

Buying a vacation home that doubles as a future retirement home requires forethought and thorough investigation. Conventional wisdom tells us to first settle on a desired location and then look for the least expensive house in the best possible neighborhood. This is of course true, but buying a future retirement property demands additional consideration. Without a doubt, the purchase of a dual purposed home can be one of the most important and financial rewarding decisions a pre-retirement couple undertakes. Quite simply, the ultimate home buying decision comes down to establishing relatively conservative financial boundaries, drawing up a wish list and employing a real estate broker to find a home that will serve your needs now and in years to come.

Even prior to the financial planning phase, a vacation and future retirement home buyer should take a step back and make certain that there is 100% commitment. Ask yourself a few simple questions. Full Story

Homebuyers!!! Foreclosure Deals May Be Right for You

Andre Shambley (Herman Group Real Estate) — Fri, 06 Nov 2009 08:52:28 -0600

Consider this; as there are more and more bank foreclosure properties that are on the market a good bet is that there is one right for you. A big discount on your home purchase could be worth many times the time and effort to find and make it ready for your family. Find a good agent who understands the market and you can save thousands on your next home.

Homes in Every Market Place - Some over a million dollars, most well under $100,000. You have a supply of homes that will fit your requirements for size, amenities and location. Miami Best Real Estate Team can place you in their VIP Buyer program and email you daily or weekly all new listings that come up and fit your criteria of bank foreclosure, distress sale, size, amenities, and location. What could be easier? Full Story

The Price is Right

Andre Shambley (Herman Group Real Estate) — Fri, 06 Nov 2009 08:49:46 -0600

Pricing your home correctly is the first and most important step in the selling process. Whether you list with an agent or sell by owner the wrong price will cause lost income and/or excessive marketing time. You have options, either to contract with a professional Real Estate agent or do your due diligence and research to find the true Market Value of your home. In the 3 examples below we show why pricing is so important.

Example 1:

A $250,000 home is priced 10% below the true market value at $225,000. The home sells quickly with little or no negotiation for possibly an all cash offer to close quickly. This buyer maybe an investor who is extremely market savvy or a buyer who works closely with a Real Estate Agent using cutting edge buyer programs. This buyer probably has a VIP Buyer Agreement with his agent and receives emails daily with all the new listings as they come on the market. Both of these buyers are able to act before most other buyers even know the home is for sale, they know the area and the pricing. The seller leaves $25,000 on the table and doesn't know it until it's too late.

Click for full story

More Rewards for Homeowners!

Andre Shambley (Herman Group Real Estate) — Tue, 03 Nov 2009 10:06:03 -0600

By now, you've likely heard about the $8,000 tax credit for first-time homebuyers, but if you already own a home, you can still take advantage of some of the rewards included in the American Recovery and Reinvestment Act, also known as the stimulus package. full story

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andre'Shambley & Miami's Best Real Estate Team, 305-396-9106. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Learn 20 important steps to help you sell you home!

Andre Shambley (Herman Group Real Estate) — Sun, 01 Nov 2009 13:01:39 -0600

1. Make the Most of that First Impression

A well-manicured lawn, neatly trimmed shrubs and a clutter-free porch welcome prospects. So does a freshly painted - or at least freshly scrubbed - front door. If it's autumn, rake the leaves. If it's winter, shovel the walkways. The fewer obstacles between prospects and the true appeal of your home, the better.

2. Invest a Few Hours for Future Dividends

Here's your chance to clean up in real estate. Clean up the living room, the bathroom, the kitchen. If your woodwork is scuffed or the paint is fading, consider some minor redecoration. Fresh wallpaper adds charm and value to your property. Prospects would rather see how great your home really looks than hear how great it COULD look, "with a little work."

3. Check Faucets and Bulbs

Dripping water rattles the nerves, discolors sinks and suggests faulty or worn-out plumbing. Burned out bulbs leave prospects in the dark. Don't let little problems detract from what's right with your home.

4. Don't Shut Out a Sale

If cabinets or closet doors stick in your home, you can be sure they will also stick in a prospect's mind. Don't try to explain away sticky situations when you can easily plane them away. A little effort on your part can smooth the way toward a closing.

5. Think Safety

Homeowners learn to live with all kinds of self-set booby traps: rollerskates on the stairs, festooned extension cords, slippery throw rugs and low hanging overhead lights. Make your residence as non-perilous as possible for uninitiated visitors.

6. Make Room for Space

Remember, potential buyers are looking for more than just comfortable living space. They're looking for storage space too. Make sure your attic and basement are clean and free of unnecessary items.

7. Consider Your Closets

The better organized a closet, the larger it appears. Now's the time to box up those unwanted clothes and donate them to charity.

8. Make Your Bathrooms Sparkle

Bathrooms sell homes, so let them shine. Check and repair damaged or unsightly caulking in the tubs and showers. For added allure, display your best towels, mats and shower curtains.

9. Create Dream Bedrooms

Wake-up prospects to the cozy comforts of your bedrooms. For a spacious look, get rid of excess furniture. Colorful beadspreads and fresh curtains are a must.

10. Open up in the Daytime

Let the sun shine in! Pull back your curtains and drapes so prospects can see how bright and cheery your home is.

Ready for the next 10...Click Here to Read all 20 Important Steps to Sell Your Home!

Just Listed: 38 CORTIJO VIEJO, CANARY ISLANDS, SPAIN

Andre Shambley (Herman Group Real Estate) — Sun, 01 Nov 2009 08:36:21 -0600

Enjoy this luxurious two story Canary Islands home located in the city of Puerto Calero. Set on a spacious plot the impressive views o f the Atlantic Ocean and the Nature Reserve of Los Ajaches on the south coast of Lanzarote will astound you. Built in 2006 features includes a great lounge, a fully fitted kitchen, dining room and living area on the ground floor that opens out onto the pool terrace and garden. The incomparable location and amenities are great for entertainment or a large family.

Hot Investment Tips

Andre Shambley (Herman Group Real Estate) — Tue, 27 Oct 2009 11:13:26 -0500

By Dwan Bent-Twyford,

The Investors Edge University

Many times we find distressed homeowners who are willing to deed their property to us and walk away. Typically there are back payments that need to be paid as well as attorney fees, taxes, and such. Although we are always happy to accept a deed, we have a few steps we follow before we actually file it and come out of pocket with any cash. full story

Home sales rebound to highest level in 2 years

Andre Shambley (Herman Group Real Estate) — Fri, 23 Oct 2009 12:18:32 -0500

Sales of previously-owned homes jumped 9.4% in September after falling for the first time in four months in August, said the National Association of Realtors. Year over year, sales of existing homes were up 9.2% in September.

Early information from a NAR report to be released next month suggests first-time homebuyers accounted for more than 45% of home sales in the past year. full story

•· Click here for your Free Real Estate Buyer's Guide

Consumer's Guide to Buying a Home in Miami/Ft. Lauderdale, FL

Andre Shambley (Herman Group Real Estate) — Thu, 22 Oct 2009 10:40:02 -0500

Homeownership has long been regarded as one of the basic elements of the American dream. Buying a home, however, is anything but basic. It is important to understand the process as well as how your specific needs fit into your search for a new home.

This tutorial was designed to help you get the most out of buying a home whether you're a first-time buyer, moving up or downsizing, we'll walk you through the steps and strategies you'll need.

Getting Started
Your reasons for buying a home determine the steps and strategies you should follow.

How Much House can You Afford?
Take the time to examine your finances and determine how much you can afford for down and monthly payments.
- Clean up Your Credit
- Low-Down Options

Choose a Broker

Home sellers enlist the help of professionals to represent their interests, so why shouldn't home buyers do the same?

Begin Your Search
The search for a new home should not start with the price. More important are the location and quality of the property and its ability to meet, or be tailored to meet, your needs.

Make the Offer
Once you've found the home you want, it's time to negotiate the price. Find out about various factors to consider when preparing to make an offer.
- The smart buyer's purchase contract

Select a Mortgage
Finding the right mortgage involves some digging. Interest rates, points, processing costs, and adjustment features all affect how well a mortgage suits your needs.

The Application Process
Here's what you can expect when you're ready to apply for your loan.

Close the Deal
An accepted contract doesn't mean the deal is done yet, but there are things you can do to help avoid any snags.

Click here for your Free Real Estate Buyer's Guide

Finding Your Ideal Neighborhood

Andre Shambley (Herman Group Real Estate) — Wed, 21 Oct 2009 00:18:26 -0500

The right number of bedrooms, lots of sunny windows, a spacious kitchen ... these are just a few of the traits that prospective buyers look for when shopping for a home. But what about the surrounding neighborhood? How will you know if the location is right for you?

The quality of the neighborhood can have a significant impact on the home's overall value so it is well worth spending some time to check out the neighborhood. Here's how:

Start with the statistics - you can find information online about the area's demographics, school scores, crime rates and nearby stores, parks and other conveniences.

Visit City Hall - you can get copies of any future construction plans at your town or county's office of zoning and planning.

Get to know the area - one of the first characteristics you should notice about a neighborhood is its appearance. Take a walk around the area to get an overall view of where you might end up living. Drive through the neighborhood at various times of the day and night, during the week and on weekends. Compare what the traffic is like during rush hour to a Saturday morning. Notice if the neighborhood is quiet or if there are barking dogs or other noisy considerations.

Families with children should research local schools. Contact the school district's office to obtain school test scores and district budgets before you decide on a home.

Consider the distance from this neighborhood to your job. You may want to calculate the drive time with traffic, rather than just the actual miles. Also factor in how close you are to parks, sports complexes, shopping malls and grocery stores if these conveniences are important to you.

The Ins and Outs of Home Insurance

Andre Shambley (Herman Group Real Estate) — Thu, 15 Oct 2009 01:11:14 -0500

Your home is likely your most valuable asset, so naturally, you want to protect it.

But homeowners insurance can be complicated. You want to avoid paying too much for coverage you don't need, but you shouldn't leave yourself vulnerable to loss either. Here are some secrets of the home insurance business that may help you save without risking your home.

Know the value of your home. To account for inflation, your policy's rate may rise periodically. When this happens, be sure to read the numbers carefully; your rates may be higher than the actual inflated value of your home. If this is the case, you can get a truer idea of your home's value by speaking with a builder and asking what it would cost to rebuild your home. Or, you could request that your insurance agent performs a reassessment to come up with a more reasonable number.

Adjust your policy for home improvements. Such major home renovations as adding a new room or expanding a kitchen, should be properly insured. You'll want your hard work reflected - and covered - in your homeowners insurance.

Some possessions may not be covered. Your homeowner's policy may provide only limited coverage for expensive items like electronics, antiques or jewelry. If you own items like these, you may want to supplement your policy with a floater that provides additional insurance for valuables. Just be sure to get the items professionally appraised so you know what they're worth.

Some claims may be excluded as well. Many people fail to read their insurance policies until it's too late. The best insurance that you are properly covered is to be informed. Read your policy and make sure that you are covered for incidents like mold and water damage, floods and other natural disasters, even trampolines and dogs, if needed.

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andre'Shambley & Miami's Best REALTOR® Team, 305-396-9106. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@ApexLending.com. www.JShambley.ApexLending.com

$100 Down Gets You into a Home

Andre Shambley (Herman Group Real Estate) — Mon, 28 Sep 2009 13:41:40 -0500

Introducing the FHA & HUD-Owned Home Sales Incentives. Increasing the Affordability of Homeownership.

INCENTIVES

Up to 110% LTV,* varies by county.**

$100 down payment with FHA financing.

$5,000 sales allowance paid to
borrower for closing costs, prepaids
and/or repairs at closing when using
FHA financing.

HUD 3% allowable closing cost
funds still apply.

WHAT PROPERTIES ARE ELIGIBLE?

All HUD-owned homes for sale in
eligible states/territories.***

Only properties purchased by an
owner-occupant are eligible.

For list of eligible homes in Miami-Dade and Broward counties CALL or EMAIL TODAY

*The LTV may exceed 100%, up to 110%, as the result of fi nancing closing costs and prepaid expenses, and/or to fund a repair escrow included in the sales contract. The cost of repairs
may not exceed $5,000. **Refer to maximum loan amounts section in product description.

***The new products are available in all states/ territories where HUD is currently off ering its
$100 down payment program. See product description for state restrictions. Programs available only to qualifi ed borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply. 0309

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andre'Shambley & Miami's Best Real Estate Team, 305-396-9106. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@ApexLending.com. www.JShambley.ApexLending.com

Enjoy luxurious living in the heart of Aventura at The Venture

Andre Shambley (Herman Group Real Estate) — Sun, 13 Sep 2009 01:06:21 -0500

Live in the heart of Aventura facing a relaxing courtyard with infinity pools, jacuzzi and cabanas. You'll enjoy an elite lifestyle to spoil even the most pampared individual. Amenities include a theatre, business center, club room, library, gym, cyber cafe and so much more. This two bedroom, two bath condo comes complete with an italian kitchen design and roman style bathroom. What's not to love? Call today to schedule an appointment. SHORT SALE SUBJECT TO LENDERS APPROVAL AND CONDITIONS.

18800 NE 29 Ave, #722
Aventura, FL 33180

MLS - D1359688 (SE FL MLS)
List Price: $170000
Status: Active

Property Features:

Only moments away from Founder Park, Aventura Mall and Turnberry Golf course.
The Venture features amenities designed to over indulge its residents.
18,000 square feet of ground-level retail space and adjoining Loehman's shopping plaza
high-quality stores and restaurants are never more than a short walk away.
Amenities include a theatre, business center, club room, library, gym, cyber cafe and so much more.
Call today to schedule an appointment.
SHORT SALE SUBJECT TO LENDERS APPROVAL AND CONDITIONS.
Homebuyers visit www.OnePlaceOpenHouse.com to learn more about our rebate specials.

Click here for property tour: OnePlaceOpenHouse.com

Purchasing a Foreclosure

Andre Shambley (Herman Group Real Estate) — Tue, 08 Sep 2009 08:34:45 -0500

With an increased number of foreclosed properties on the market, buying now may be a sound investment. But purchasing a foreclosed property can be tricky. That's why it's so important to have an experienced real estate professional on your side to help you understand this complex process.

The foreclosure process begins when the mortgage holder misses a payment and the lender files a notice of default. If payment is not made in the alotted amount of time (usually between 60 to 90 days) a date is set for public auction to sell the property.

If the property doesn't sell at auction, the lender takes ownership and places the property on the market. These are referred to as REO properties, which stands for "real-estate-owned."

Because the lender wants to recover the amount of the loan, these recovered properties are often sold at 10 to 20 percent lower than market value. REO properties can be excellent bargains. And there is less risk involved than there may be with buying a home through a short sale or auction.

Of course, you want to have the property thoroughly inspected before making an offer, just as you would with any other property.

If you would like to learn more about investing in foreclosed properties, or have real estate questions of any kind, call me. Let me put my knowledge to work for you!

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andre'Shambley & Miami's Best REALTOR® Team, 305-396-9106. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@ApexLending.com. www.JShambley.ApexLending.com

Response to Jon Zolsky's blog post You Are Invited To Steal. Big Picture And Optimism Will Be Served. RSVP.

Andre Shambley (Herman Group Real Estate) — Sun, 06 Sep 2009 12:30:13 -0500

Good Afternoon to All,

Normally I do not take the time to respond or leave comments regarding posts but since I am the topic of discussion this Sunday morning I felt it only right that I defend myself rather than leave the pundits rumbling.

For those of you who are not informed, my blogs and its content sponsored by many of my close friends who are writers, reporters, agents, etc., aims to provide the most recent industry news, trends and helpful tips to help educate customers and the general public about the home buying process and home ownership enabling them to become a better informed homeowner.

Plagiarized? I find it hard for any of you to believe I could get away with plagiarizing an article http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=221337 that was written by Mary Wozniak of the Fort Myers Press in August and distributed to over 50,000 Florida Realtors in our Early Bird news emails or articles written by any associates of mine. And if you must know I clicked while posting the article "This is not my content but I have permission to repost it".

As well I find it even more ridiculous that you would even take the time to leave such comments about something so trivial. Your actions are a very good example of why real estate agents have a bad name among home buyers and sellers. And as I stated to Jon Zolsky earlier if we can't use the benefit of our local and national membership, our blogs and post to work together in our profession why would anyone want to work with us?

However, if I offended anyone from the post of the article linked above or any article outside of my own that I have posted in the past or may post in the future please accept my apology. The intention never lies in taking someone else's material as my own.

My business is selling real estate and educating customers. I'm not concerned with accumulating points or gaining notoriety on either Active Rain or any other website. For anyone to question my business acumen and level of ethical service is absurd on their part. My customer list reads from a who's who of names with intact relationships and their willingness to give a reference at anytime.

In closing, this will be my last time responding to any of your comments. I advise Realtors who wish to leave comments to be mindful of what you say. If I run across another comment on any website that defames my business, my name or any one on my team members in accordance with the 2008 Code of Ethics and Standards of Practice of the National Association of Realtors I will file an ethics complaint against you. Please read Article 15 below:

Duties to REALTORS^®

Article 15
REALTORS^® shall not knowingly or recklessly make false or misleading statements about competitors, their businesses, or their business practices. (Amended 1/92)

 Standard of Practice 15-2

The obligation to refrain from making false or misleading statements about competitors' businesses and competitors' business practices includes the duty to not knowingly or recklessly repeat, retransmit, or republish false or misleading statements made by others. This duty applies whether false or misleading statements are repeated in person, in writing, by technological means (e.g., the Internet), or by any other means. (Adopted 1/07)

Affordable housing draws first-time buyers

Andre Shambley (Herman Group Real Estate) — Fri, 04 Sep 2009 22:26:34 -0500

by Monica Hatcher, The Miami Herald

MIAMI - Sept. 3, 2009 - At 83 years old, Alget Campbell isn't as nimble as he used to be. His joints are a little rusty and he has some trouble getting around. On Monday, though, after he closed on his very first home, Campbell was doing cartwheels inside, his daughter said.

To read more click the following link:

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=222764.

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andre'Shambley, REALTOR® & Miami's Best Real Estate Team, 305-396-9106. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@ApexLending.com. www.JShambley.ApexLending.com

Drywall homes: bargain or bind?

Andre Shambley (Herman Group Real Estate) — Wed, 19 Aug 2009 07:12:19 -0500

by Mary Wozniak

Florida homes tainted by defective Chinese drywall are popping up on Realtor.com at bargain-basement prices. Although it is not required by law, many brokers have readily adopted a new drywall disclosure form developed by the Florida Association of Realtors® to use in sales transactions.

There currently are nine drywall properties listed for sale on the site - all of them fairly new and for under $50,000 - but there also are questions about whether the low prices are worth the hassle the real estate could bring in the future.

It reportedly costs about $100,000 to clean up a property contaminated by bad drywall, which leaves an offensive smell, corrodes metal components in the home, and causes respiratory problems and other health troubles for occupants. Remediation typically involves gutting the home and replacing the affected materials, but it is not yet known if that is the final solution.

"What if they say every porous material in the home, including concrete slab, absorbed enough stuff to consider it a health risk," poses Jeff Tumbarello, president of the Southwest Florida Real Estate Investors Association. "Then what? Then you're done. (Investing in a Chinese drywall home is) just a big wild card. Somebody is going to look brilliant, somebody is going to look stupid. We just don't know who they are yet."

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=221337

Call now to ask about our home buying and rental rebate rewards program.

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andre'Shambley & Miami's Best REALTOR® Team, 786-704-8482. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@ApexLending.com. www.JShambley.ApexLending.com

Women love to shop—for real estate!

Andre Shambley (Herman Group Real Estate) — Mon, 17 Aug 2009 10:50:26 -0500

The demographics of the typical first-time homebuyer are changing these days. More and more women today can afford to purchase a property on their own to build up valuable equity and are no longer waiting to find a life partner before they pursue the financial and lifestyle benefits of home ownership. One in four buyers these days is a single female, and new home marketing is actually starting to reflect that. We may be ready to jump into the commitment of home ownership but not all of us are willing to give up our valuable free time to outdoor chores. Single girls tend to look for homes that require little or no maintenance with an option to plant container gardens. Sound familiar girls?

The easiest and most popular way to hold on to our maintenance free lifestyle is to purchase a condominium. Its problem-free upkeep and unencumbered lifestyle is an obvious benefit to people who don't want to be tied up every weekend with chores-there are no lawns to water and mow, and no leaves to rake. No yard means there's no fence or deck to repair, and no driveway to shovel in winter. Choose a condo and you'll never have to worry about this stuff. Condominium members are charged a flat monthly fee to cover maintenance of the common areas as well as provide prompt service by reliable tradespersons if there are maintenance problems in your individual unit. Heating, air conditioning, plumbing and electrical problems are handled by maintenance staff or service agreements set up by the condo association, so good help is available at a moment's notice.

Security is also an important consideration for single women living alone, and the condo lifestyle can offer such measures as restricted access, a concierge on duty screening visitors, closed circuit TV monitors, patrolling security guards and panic buttons in garages to add to peace of mind.

Some single women still prefer a more traditional home as their first property. The appeal of having an outdoor space of your own to entertain, putter about in a garden and relax in can be inviting. A single family home sometimes offers more privacy and is also better suited to larger pets. Make sure to check if your pet will be warmly received by the condo board-they uphold the rules that the condo owners have set in place.

Call now to ask about our home buying and rental rebate rewards program.

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andre'Shambley & Miami's Best REALTOR® Team, 786-704-8482. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@ApexLending.com. www.JShambley.ApexLending.com

Cash Back Rebate Program is alive in South Florida...for home buyers and (renters too)!

Andre Shambley (Herman Group Real Estate) — Wed, 12 Aug 2009 09:41:22 -0500

Although the $8,000 first-time buyer tax credit program ends in just four short months. South Floridian home buyers can still take advantage of the Cash Back Rebate program offered by Miami Best Realtor Team.

What is the home buyer Cash Back Rebate program? It is a cash refund for 1% of the property being sold purchase price.

Who is eligible to receive the credit? Home buyers who close escrow/proceed to finak settlement in the purchase of real estate in South Florida.

Do income limits apply? No. The cash rebate is given to the party or parties named as the "buyer(s)" or "borrower(s)" on the HUD-1 closing statement and fully disclosed in writing to seller and buyer(s) lender.

If you want to take advantage of the Cash Back Rebate program , contact Miami Best Realtor Team today to learn more.

Herman Group Real Estate

2875 NE 191 St, PH4

Aventura, FL 33180

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Miami's Best REALTOR® Team, Office: 305-396-9106, Direct: 786-704-8482. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@ApexLending.com. www.JShambley.ApexLending.com

A Housing History Lesson

Andre Shambley (Herman Group Real Estate) — Wed, 29 Jul 2009 09:06:28 -0500

There's been a lot of talk recently about the condition of the housing market. With our economy struggling and the mortgage industry adjusting, it's only normal that home sales and purchases may have slowed.

With home values down about 25 percent from their 2006 peaks, home sellers may be discouraged, but experts agree that there is light at the end of the tunnel. Homebuying incentives, mortgage reform and tax credits are making it an ideal time to purchase a home.

At its height, the good health of the housing market promoted overinvesting, quick flipping, overbuilding and credit overextension.

These indulgences led to the bubble bursting. There are important lessons, however, that can be learned by looking back at the housing bust. Here are some rules that can help us avoid repeating the same mistakes:

Save for a down payment. Although you may still be able to qualify for a no-money down mortgage, having 15 to 20 percent can increase your home equity, lower your payments and help you obtain better interest rates.

Set a realistic budget. Just because you are approved for a higher amount doesn't necessarily mean you can afford it. Borrow within your means. A safe formula is to purchase a home that is no more than three times your family's annual income.

Work with a knowledgeable professional. An experienced real estate professional, like me, can help you find a home that meets your needs and your means. I understand our market and would be happy to help you.

-Viva Miami

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andre'Shambley & Miami's Best REALTOR® Team, 786-704-VIVA (8482). MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Ready to refinance looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@ApexLending.com. www.JShambley.ApexLending.com

The Word on the Street: Curb Appeal Sells Homes

Andre Shambley (Herman Group Real Estate) — Thu, 02 Jul 2009 20:43:25 -0500

Have you ever judged a book by its cover? Or, have you, in a frenzied state at the movie store, with no time to kill, grabbed what turned out to be a very bad movie because the cover was, well, pretty. Although many of us might like to think we are above such biased judgment calls, in all likelihood, most all of us have judged something according to what has been presented on the outside. This phenomenon, holds true for prospective buyers looking at houses, as well. A large percentage of home buyers will decide whether or not they want to view a home, based on its curb appeal- the outside attractiveness that can hook a buyers attention.

Consider that with the advent and now prolific use of the internet everywhere and within the world of real estate, buyers are presented with a wide scope of choice and information. The information that they put the bulk of their faith in, statistically, are photos. So, as well as having good quality photos of your house, consider the importance of curb appeal as one of the first elements that will peak interest in your property. Secondly, consider that if interest is not peaked a first time, there is little, to no chance, that the buyer in question will choose to view your property at all. Like a shopper bombarded with a million product choices in the super market, something with an appealing package may catch their eye, over the product that has superior quality. We do make judgments based on packaging, especially under stress.

So, after that little diatribe, you are hopefully convinced of the value of curb appeal when selling your home. Now, we can get into the nitty gritty details on how you can create an appealing curb. There are some questions to ask yourself. Better yet, ask yourself, and then ask a friend to give you their opinion. Of course, don't let their answer disturb your friendship-an honest response may help you sell and perhaps fetch top dollar for your property.

1. What is the first impression of your house and yard?

2. Look at specific features and make a list of the good ones.

3. Look again, and make a list of the worst exterior features.

Enhancing curb appeal, without a major overhaul is based on the enhancement of the good stuff and the minimization or improvement of what is not-so-good.

Begin first with what is challenging- in this case those features that are not so attractive. But, before jumping into elements that may involve some project work, start first with anything that needs a good-old-fashioned clean up. Perhaps some of those negative features, just need a coat of paint or a pressure wash. Here are some ideas.

- Clean gutters and windows.

- Kill mold and mildew on the roof, house, sidewalks and driveway.

- Paint the exterior of your house an attractive color. Consult your surrounding neighborhood to see what works.

- Pressure wash dirty siding and dingy decks.

- Edge sidewalks.

- Remove vegetation growing between concrete or bricks.

- Trim trees or plant limbs that are touching or near your home. Greenery should showcase your home, not hide it.

- Attend to all sides of your house, including the rear. Buyers do look everywhere!

Once you have generally cleaned up, look again and consider some landscaping decisions. As with interior home staging, the attractiveness of an un-cluttered interior holds true for the exterior of a home as well. Begin first with removing what landscaping elements seem to be cluttering others that needs to shine. Most buyers, have a hard time visualizing changes. But take note that buyers who can visualize necessary changes may well come to you with an undesirably low offer.Your own foresight and curb appeal work will attract buyers, and fend off low offers.

Here are some tips to consider for appealing landscaping:

- Shrubs generally work best when they anchor the corners of a house.

- A tree should function for protection or as an accent. Trees are most appealing when they to not disturb the line of sight.

- Frame the greeting area or front door with flowering plants and low shrubs.

- Stone and rock and can be used cosmetically to add a look of durability to your home.

In creating curb appeal, always consider the importance of the entranceway. Visual attractiveness is based on creating a focal point, and that point is usually the entranceway of a house. Door color should match the accent color of your home. A door that is colorful can be friendly and inviting, but make sure it is not shockingly bright. A second focal point is good, when it serves to lead the eye along a path to the entranceway. A garden bench or arbor are good secondary focal points.

What we have outlined in this article are smaller, more manageable projects you can do yourself to enhance the curb appeal of your home. If it seems like your home requires more than you can manage yourself, hire a professional who can write up a detailed. plan. Either way, do not neglect the power of packaging as you prepare your house for a competitive market.

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Miami's Best REALTOR® Team, The Keyes Company, 305-396-9106. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Five Important Tips To Consider When Buying Real Estate

Andre Shambley (Herman Group Real Estate) — Wed, 01 Jul 2009 21:34:19 -0500

In the present-day real estate market, becoming knowledgeable buyer you can get more bang for your buck, not just in price but gaining an asset that will appreciate overtime.

Following are five important things that you should know and perform prior to buying your first or second home:

Understand How the Purchase Would Impact On Your Family Budget and Taxes

There are various tax benefits for homeowners, for instance deduction of loan points and mortgage interest on certain occasions. Confirm with your accountant or tax consultant to ensure that you know them. You must understand the outcomes on your budget and taxes prior to buying the home. The tax regulations get amended regularly, hence you should receive up-to-date details. Try to find out how your new mortgage payment would affect your family budget. It might be essential for you to change your spending habits for the purpose of adjusting.

Understand What Influences the Value of Homes

Real estate is an important investment. Localities vary and circumstances vary. People shift more often now than what they used to previously. One of the most significant factors that influences a home's value is location. Other elements that you should take into account are the maintenance of the locality, size of the home, proximity of schools, parks and convenience stores to the home, future investment prospects, history of natural calamities and others.

Perform a Professional Home Inspection

In certain cases, it is known as "Whole House Inspection". It might be mentioned in your offer that the offer price is dependent on the productive outcomes of the home inspection. If a fault is identified by the inspector, the seller has to repair it or you can carry out negotiations for a reduction/adjustment in price. In case the seller is not willing to do it, you don't need to go forward with the deal. You can also buy a home warranty. Your real estate agent can help you out.

Understand Your Choices for Financing

A full service Realtor can provide a one stop shopping experience or recommend the names of mortgage loan professionals and lenders in your locality. They can help you ascertain how much mortgage you can afford. This helps you save time. There are various loan programs. You should talk about your requirements and goals with your Realtor or a mortgage professional. Analyze the loans and rates available in your neighborhood and on the basis of your current debt and income, find out the amount of mortgage you can afford. Things you should take into account are the following:

* Government-sponsored loan programs
* First time buyers programs
* Locking in the rate of interest
* Down payment options
* Direct payment options
* Length of escrow

Know What a Buyer's Agent Does

The buyer's agent is your representative and works for your best interest. When you know the means through which a buyer's agent can assist you, a dependable buyer's agent can work as an outstanding resource in your home buying process. He would furnish you with a Buyers Representation Agreement that distinctly delineates what he would do and how he would represent you. Usually, they would not ask for any payment from you since they are remunerated from the seller's commission. Consult your Realtor if needed.

You shouldn't go for buying a home without knowing the truth. It can cost you a hefty amount.

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Miami's Best REALTOR® Team, The Keyes Company, 305-396-9106. MiamiBestTeam@AOL.com. www.OnePlaceOpenHouse.com

Selling Points: Setting Your Home Apart

Andre Shambley (Herman Group Real Estate) — Sun, 21 Jun 2009 21:38:51 -0500

Want to sell your home quickly and for the best price? With a wealth of properties on the market, you'll need to do all that you can to set your home apart from the rest.

The following are some of the most-wanted features that will draw buyers to your home:

Upgrades - making improvements to your home typically add to its value, but some yield a higher return on your investment than others. Some of the most profitable are kitchen updates, the renovation or addition of a bathroom and finishing the basement as a family room or office. Such exterior improvements as a deck, patio and landscaping are also popular. And upgrades that save money in the long-run, like replacing old windows with energy-efficient panes, are worthwhile. Just be careful that you don't spend more than you will be able to recoup.

Open floor plan. Many buyers are looking for a home that is welcoming and fits their lifestyles. You can make your home seem more spacious by getting rid of any clutter and storing extra furniture. This will also make it easier for prospective buyers to picture their furnishings in the house, and more likely to make an offer.

Unique features. Try to remember what drew you to the home in the first place. Whether it has beautiful woodwork, lots of storage space or a pretty sunroom, make sure that the home's best features are shown to their advantage.

If you aren't sure how to make your home stand out, call me. I have the knowledge and experience to help you sell your home.

When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andre'Shambley&Miami's Best REALTOR® Team, The Keyes Company, 305-396-9106. AndreShambley@AOL.com,

http://www.OnePlaceOpenHouse.com

Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@APEXLending.com . http://www.JShambley.ApexLending.com

A Quick Mortgage/Real Estate Update for Homebuyers and Realtors

Andre Shambley (Herman Group Real Estate) — Tue, 16 Jun 2009 10:36:13 -0500

Current Interest Rates:

Conventional Purchases - 5.5% 30 Yr Fixed ($200K loan, 20% down, 5.65% APR)

FHA Purchases - 5.625% 30 Yr Fixed ($144,750 Base Loan, 3.5% down, 6.3% APR)

Jumbo - Hot! Hot! Hot! 5.0% on 5/1 ARM ($525K Loan, 25% down payment, 4.51% APR)

*** NEW *** Loans For Foreign Buyers

70% Financing up to $1 Million (Higher loan amounts available)

Rates in the Low 7%'s

Full Documentation Required

Can hold title in a Corporation Name

Established Condo's and Townhouses Available up to 65% LTV

NEW Condo's available on Case-by-Case Basis (must have 60% of units already closed)

In The News:

U.S. 30-Year Mortgage Rate Dropped on Monday

Thomson Reuters, By Julie Haviv

June 15, 2009

Interest rates on U.S. 30-year fixed-rate mortgages fell to 5.52 percent late Monday after hovering at 5.67 percent on Friday, according to real estate Website Zillow.com.

That is down sharply from a week earlier when the mortgage rate was around 5.72 percent, according to Zillow Mortgage Marketplace.

The lower rates reflect a fall in yields on U.S. government bonds, which are linked to the mortgage market.

The rate, however, is sharply higher than the roughly 5.00 percent level seen at the end of May and at the beginning of this year, Zillow said.

The move higher in mortgage rates recently collapsed home loan refinancing activity.

The worst of the U.S. housing market's meltdown, however, may be over.

Michelle Meyer, an economist at Barclays Capital in New York, said the housing market's deep recession has started to bottom with a leveling off in home sales.

Builders have slashed construction, so that inventory of new single-family homes is falling at a record pace, with starts at or close to the bottom, she said in research published Friday.

The last element to bottom probably will be home prices, with national home prices expected to fall a cumulative 40 percent from the peak through the second half of 2010, she said.

The battered U.S. housing market, which is in the midst of its worst downturn since the Great Depression, is both the source of and a major casualty of the credit crisis.

A setback for the market could hamper a turnaround of the U.S. economy.

With 84% of past homebuyers saying they prefer a one-stop shopping experience, we have already positioned ourselves to succeed. It's a competitive advantage we can certainly leverage to close more deals.

You can always count on The Keyes Company&Miami Best Realtor Team to provide the best possible service. We'll be there for you in all the ways that count.

"Viva Miami"

Income Information

30 days' pay stubs (all jobs/borrowers), Federal tax returns (1040s) , W-2s
Written explanation if employed less than two years or gap in last two

Credit Information

Most recent two months' asset statements (ex: checking, savings), Landlord contact information, if applicable
Judicial decree for any obligations due to legal action (ex: child support)
Credit explanation letter for late payments, collections, etc., if applicable
Documents for any large deposits outside of payroll or gift funds
Payments for utilities, rent and car

Business Information (if applicable) If Self Employed

Last two years' complete federal tax returns (both personal and business)
Year-to-date profit and loss statement List of all business debts

Other Information

Copy of driver's license
Copy of Social Security card

Renters told: Get out of foreclosed homes

Andre Shambley (Herman Group Real Estate) — Thu, 04 Jun 2009 07:54:13 -0500

DAVENPORT, Fla. - June 3, 2009 - When Joe Isserles moved his wife and four sons, one of whom is comatose, into a rental home in Davenport earlier this year, the landlord failed to mention that the house was in the final stages of foreclosure.

Shortly after they paid $1,200 rent for April, there was a knock on the door.

"It was a representative from Coldwell Banker representing Chase Bank, saying the bank took over the loan because the homeowners hadn't paid the mortgage in a year," Isserles said. "The next morning, the sheriff showed up to padlock us out."

The Isserleses are among countless renters across the region and the country who have become unwitting victims of foreclosure - paying rent to landlords who pocket the rent money rather than use it to pay the mortgage. The houses go into foreclosure, and evicted tenants are left scrambling for a home.

No one has tracked the number of renters affected by the continuing wave of foreclosures, but research companies such as RealtyTrac Inc. and other groups estimate that 20 percent to 40 percent of all foreclosed homes are not occupied by the owner. Some of those may be vacant or seasonal, but many are likely rentals. And experts say the proportion is likely higher in Florida, which also has one of the nation's highest foreclosure rates.

The state is home to one of every six loan defaults in the country, according to California-based RealtyTrac, with 119,200 foreclosure-related court filings during the first quarter alone.

"Renters are losing their homes," said Dean Preston, executive director of Tenants Together, a nonprofit group that represents California renters. Florida has no such organization. "They may not be as sympathetic of victims as homeowners, because they are not losing equity. But they are generally paying rent, losing deposits, forced out on short notice and treated unfairly by banks."

Unpleasant surprise

Unlike defaulting homeowners, renters don't see the eviction notices coming. Muffet Robinson, spokeswoman for the Coalition for the Homeless of Central Florida, said she returned one day last year to the Seminole County condominium unit she was renting only to find a foreclosure notice on the door. She learned that, even though she was paying her full rent on time, the landlord had not used it to pay the mortgage.

"I didn't really understand that, because that didn't really seem honest to me," said Robinson, who struggled to find another apartment on short notice. "It's hard enough to move when you're planning on it."

Picking up and moving quickly can be particularly difficult for a family such as the Isserleses. Tristen Isserles has been comatose since nearly drowning in a swimming-pool accident in September 2007, when he was 14 months old. Taking him to Easter Sunday church services required briefly unhooking him from ventilators, loading him in the family's sport utility vehicle and carting him into the congregation in a Radio Flyer-style wagon.

To permanently relocate him and all the medical equipment he needs to survive is even more challenging. When his parents were not working jobs as a resort concierge and a time-share marketer, they were scouring neighborhoods from Davenport north to Clermont to find another place.

The upheaval could have been avoided if the landlord had told them the bank was about to take ownership of the house, Maria Isserles said.

"They were already in the final stages of foreclosure when they rented the house," she said. "I couldn't imagine somebody being so cold and heartless. ... How can you do this to a family with a sick child?"

The landlord, Alfred Sundar, said in a telephone interview that he knew he had defaulted on the loan but thought he had reached a settlement with the bank that would allow him to keep the rental house.

"I submitted all of the paperwork to the bank, and the bank said it was going to work with me, that I would pay $1,440 a month," said Sundar, who drives a shuttle bus at Orlando International Airport. "And when I received a letter in the mail that the house was sold, I was shocked."

He said he has a daughter with severe medical conditions and understands somewhat the plight of his tenants.

"If I knew the bank wouldn't work with me, I would have never rented it to them," he said of the Isserles family.

Some compensation

The Coldwell Banker agent who first knocked on the Isserleses' front door to ask them to leave said the family's plight was unfortunate but noted that the bank is giving them six weeks to relocate instead of the 48-hour notice many renters get. And the family is getting compensated for being forced out.

Joe Isserles said the bank offered him $1,500 to leave the house, in an arrangement known in the mortgage business as "cash for keys." After explaining that he and his wife had invested time and money cleaning and painting the rental, he was able to get $3,400. But they must be gone by Monday.

Unlike states such as New York and California, Florida has few laws to protect renters' rights. Relief may be on the way, however, in the form of a new federal law passed earlier this month by Congress.

Effective immediately, tenants who pay rent on time can remain in their homes until their lease ends plus an additional 90 days - unless the bank sells the property to someone who intends to reside in it. Even without a lease, a renter may stay in a house for as long as 90 days after the foreclosure is complete, though that provision in the law is set to expire at the end of 2012.

"Really, it's the first major piece of legislation that protects renters from foreclosure," said Taylor Materio, spokeswoman for the National Low Income Housing Coalition.

The Isserles family, meanwhile, has found another home nearby where it can relocate. This time, Joe Isserles said, he did the homework to make sure the family wouldn't get another unwanted knock on the door.

Copyright © 2009, The Orlando Sentinel, Fla., Mary Shanklin. Distributed by McClatchy-Tribune Information Services.