hialeah fl: Mr. Seller, please leave! - 03/16/10 03:26 AM
There's a reason why I always insist that the home sellers leave the house when I'm showing it to a perspective buyer. More often then not the seller sticks their foot in their mouth, and low and behold, yesterday it happened................again. I was showing a beautifully-kept home that was flawless in every sense of the word. The prospective buyer was sold and was already talking about making an offer while we were still in the house. Then, as the buyer proceeded to comment on the lovely piano the seller says..................here it comes..........are you ready?........"Oh thank you! It belonged to my mother-in-law … (4 comments)

hialeah fl: Why scapegoat the appraisal? - 01/27/10 04:15 AM
Appraisals are killing real estate deals. This should come of surprise to no one. As a matter of fact, the appraisal has come up short on my last four transactions. It's quite common for appraisals to come in at $25000 below contact prices, or even more. Just this week I had a property appraise at $140,000 below the contract price! Needless to say, all parties are in shell shock. Yes, the listing agent, the seller, the buyer, and myself expected that we would come up short, and would have to then re negotiate. However, this is more then 100% off from … (0 comments)

hialeah fl: According to Zillow - 12/22/09 05:52 AM
I'm presently in the process of helping a lender sell one of their properties.  We just received a very competitive offer from a ready willing and able buyer.  In the process of explaining the details of the offer to the bank rep, he proceeded to use three words that rip through my brain worse than fingernails on a chalkboard.................."According to Zillow!".  Yes, "according to Zillow this property is worth $70,000 more then this offer".  Needless to say, and as is quite ofter the case, Zillow is wrong. Now I can understand a laymen going to Zillow to get a clue about … (4 comments)

hialeah fl: The FHA monkey wrench - 12/10/09 04:06 AM
The FHA monkey wrench
Generally speaking, the real estate industry is cautiously optimistic that we're presently at the beginning of a market recovery.  The signs of this recovery are primarily manifesting themselves in the entry-level sector of the market.  This is to be expected, as real estate markets tend to recover from the bottom up; today this is largely an FHA-loan fueled recovery.  So why then is the FHA looking to throw a monkey wrench in to the works?
I'm quite weary of the proposed changes to FHA loans for 2010.  Here are just a few:
•·         Minimum credit score of … (1 comments)

hialeah fl: do you have a closing today? - 11/19/09 12:04 PM
I try to make a conscious effort to dress professionally at every available opportunity.  After all, we're professionals and should dress accordingly.  I don't think anyone would argue that.  However, I've lost count of the number of times that one of my colleagues has asked me, "do you have a closing today?"  They see me wearing a suit and immediately assume that I have a closing on that day.  "So what?", you might ask.
Well, let's take a typical buyer transaction.  As is usual for me, I'm involve myself in every step of the process.  I meet the buyer (Bill), I show him properties, I write up offers, I go to the home … (2 comments)

hialeah fl: The velocity of money - 10/27/09 05:57 AM
The velocity of money is a term used by economists to describe the speed at which money makes its way through our economy.  During boom times money moves quickly through the system as it's spurred on by consumer spending and investment, and in recessionary times it's velocity is diminished.
Why should you care?
Well, if you've been thinking about buying a home, then the "velocity of money" should be of concern to you.  The Federal Reserve uses interest rates to control the money supply flowing throughout the system; low rates=more money in the system, and higher rates=less money in the system.  In order … (0 comments)

hialeah fl: How to buy a bank owned home - 10/14/09 03:51 AM
Unfortunately, there's more then a grain of truth in this very funny video:
http://www.youtube.com/watch?v=SM7oWKgCVo4
 
(0 comments)

hialeah fl: I need I need I need... - 09/23/09 03:07 AM
The phrase "I need" seems to be popping up more and more in my recent conversations with would-be home sellers, and it usually rears its head particularly early in the conversation.  I think that many home owners want to make sure that I understand right from the get go what it is that they "need", monetarily speaking, that is, from the sale of their home.  It's perfectly normal for a seller to have expectations and subsequent plans for the proceeds from the sale of their home.  Quite often though, those "needs" are not necessarily in sync with what's actually achievable in the … (1 comments)

 
Carlos Lobato (Coldwell Banker RE LLC)

Carlos Lobato

Miami Lakes, FL

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Coldwell Banker RE LLC

Address: 15100 NW 67th Ave. Suite 110, Miami Lakes, FL, 33014

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