If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity. 1. The Number of Homes on the Market Is Still Low Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market today than (2 comments)
After two months of year-over-year declines, single family housing sales in the tri-county South Florida region came back in November 2016 strongly, as follows:
November Sales Median Price 2016 % increase Median Price % increase (0 comments)
south florida home sales: HOME INSPECTIONS
- 12/18/13 08:38 AM
Home inspections, performed shortly after entering into a sales contract, are a relatively low cost, yet very important precaution, even when purchasing a property “as is”. Hidden problems, such as water leaks, rotted wood and roof damage that most buyers & sellers aren’t trained to spot, are the sort of problems that a home inspection will reveal. An inspector will test a home’s major systems such as air conditioning, plumbing & electrical, & all appliances to assure they’re operational & safe. One or two other inspectors may also be involved to check the roof & any damage from “wood destroying organisms”. (0 comments)
Today's paper declared that 'Cash is King' when it comes to home sales. No kidding! Representing non-cash Buyers in the South Florida market earlier this year was a real challenge...several paid above appraised value for the properties rather than lose the homes to cash investors/buyers. And those that didn't or couldn't pay more for the properties, bowed out of the market. However, by the 4th quarter 2013, the South Florida residential market had lost many of those large institutional or hedge fund cash buyers because property prices have simply risen too high. Their exit has already stabilized the market somewhat, i.e. homes are remaining (0 comments)
From past experience, I no longer willingly deal with 'big box' lenders (out-of-town large banks) for mortgage loans. These companies are great retailers, with branches at every corner, updated technology for deposits, etc. but when it comes to mortgages, I've found that they're too large (cumbersome). One of my listings recently sold; the buyer used one of those Banks for financing. I couldn't get an update on the file, the appraisal was delayed, etc. The deal finally closed 4 weeks after the contractual date. I learned that there wasn't any compelling Buyer reason for the delay, other than the lender was simply too big & (0 comments)