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The Home Buying Process

Ready to move into a new home but not sure where to start? Here’s a breakdown of the process from start to finish.

To start, enlist the services of a Realtor you trust and can rely on.

In working with buyers, we like to chat with you and find out what you’re looking for…location, size, design style, pool, yard, school preferences, gated community, and ideal price range. Once we have your ideal home in mind, we sort through the homes that fit your needs and we make appointments to view them with you. Once you narrow it down, we can go back for a second look and make an offer on the home you want.

typical seller's expensesWe will present the offer to the selling side and negotiate the contract out on your behalf. When the terms are agreed to and the contract is fully executed, there will be an inspection of the home. During the inspection, an inspector will take a look at everything- plumbing, electric, structural, pests, mold- and give you a report. Depending on the results, you can continue moving forward with the purchase or move on to another home.

If you’re obtaining financing for the purchase, your application will be submitted very shortly after the contract is fully executed. The file will go to underwriting, where the bank will review your finances and qualify you for the loan. The bank will also order an appraisal of the property to determine the value of the home they are going to lend on. With a loan commitment in hand, you’re on the track to close.

There will be a survey, title and lien searches in order to provide clear title.

Once we have the clear to close, there will be a walk thru of the home to make sure everything is still the way it was agreed to in the contract and that appliances and any inclusions are in fact still at the property. Then…closing, where documents will be signed, title transferred to the buyers, funds transferred and keys exchanged. The home is yours!

The home buying process can be intimidating, but we can help you navigate through it smoothly, ultimately finding you your dream home. Don’t wait, contact the Restivo Hechtman Team today!

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Election Day

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HAPPY ELECTION DAY

No matter what side you’re on, get out there and vote!

If you decide neither one is for you and want to leave the Country, we can sell your home…call us today!

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Recently Sold in Palmetto Bay Gated Community

1The Restivo Hechtman Team recently sold their listing in the Gated Community of Flamingo Gardens in Palmetto Bay. The 5 bedroom 4 bathroom home features high ceilings, Italian tile and wood floors along with a new granite and stainless steel kitchen. French doors open to the pool/patio and “beachfront canal.” Outdoor features include a covered patio, a side yard with water feature, outdoor lighting and opulent landscaping. The home also boasts a wood burning fireplace, accordion shutters and a new roof in 2006.

7This beautiful home was listed for $799,000 and sold for $788,000.It was a pleasure working with our Sellers and a big welcome and congratulations to the new owners.

If you’re interested in selling or buying in Palmetto Bay (or South Florida), contact the Restivo Hechtman Team today!

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Pinecrest Tropical Oasis – Open House This Weekend

IMG_1631Join the Restivo Hechtman Team for an Open House on Saturday 11/5 and Sunday 11/6 from 2-4 PM at 10651 SW 65 Ave in Pinecrest. This tropical inspired home was renovated, complete with new bathrooms and a chef’s kitchen that’s been featured in commercials. The home features 4 bedrooms, 3.5 baths, lush tropical landscaping with a hot tub and oversized pool. The grounds are filled with tropical fruit trees, exotic plants and mature palms…it’s like your own Fairchild Tropical Gardens! Imagine enjoying a cup of coffee on the terrace while listening to the palms swaying around you…your private escape from the hustle & bustle of everyday life.

Stop by and preview this unique, one of a kind home, offered at $1,595,000. If you can’t make it this weekend, contact the Restivo Hechtman Team for more information and to set up a private showing. This is truly a gem, unique in so many ways. If you’re looking for a Coconut Grove vibe and want to live in Pinecrest, this combines the best of both worlds. Don’t miss it!

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Pre-Construction Opportunity in Coral Gables

If you’re in the market for a pre-construction home, check out Laguna House. It’s a new project being brought to the heart of Coral Gables, at 4220 Laguna Street. We recently had the opportunity to visit the showroom and see what it’s all about.

Laguna House will be made of just 13 residential units…12 units and one penthouse on the 10th floor. The building will feature 2 units per floor (with the exception of the penthouse) accessed with elevators opening directly ilaguna-housento the unit, high energy efficient glass windows and doors, private balconies and summer kitchens, as well as a pool and sun deck on the 4th floor.  Interior features include custom Italian kitchens, imported floors and vanity tops in the bathrooms and a spa-like master bathroom. Each unit will feature open concept designs with a modern feel while still maintaining the integrity of the classic Coral Gables Mediterranean design.

The project is brought to you by the Rogers Development group- the group behind projects like One Village Place and Gables on the Green. Units will begin at 3,000 square feet, while the penthouse will be over 6,000 square feet. The ground floor will feature retail space as well. Average price per square foot is $732, with prices ranging from $1.9M – $3.2M (for the penthouse).

The building will be located next to Merrick Park which boasts shopping, dining and a new cinema currently under construction. It’s also centrally located with easy access to Coral Gables dining and shopping, an easy route to the airport, and not far from Coconut Grove, Pinecrest, Brickell and Miami Beach.

Construction will begin when 50% are under contract and they are close to that and ready to go. Contact the Restivo Hechtman Team today for more information and to set up a meeting to see the showroom. Even if you’re not looking for this project, we would still love to help!

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Open House Sunday – Palmetto Bay

12Don’t miss a chance to preview this wonderful Palmetto Bay Pool home. The main house features 4 bedrooms and 3 baths, while the separate guest cottage boasts 1 bedroom and 1 bath. The home features a beautiful swimming pool that can be seen from most rooms in the home. The cottage features a kitchen, living and dining area – perfect for guests or for whomever you choose!

Offered at $665,000, the home will be open on Sunday October 23 from 3-5 PM…Join us! If you can’t make the open house and would like to preview the home, contact the Restivo Hechtman Team for more information and to schedule a private showing.

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Miami Welcomes Autumn … Stone Crab Season Has Started!

imageUnlike much of the country (which celebrates autumn’s seasonal changes with the more traditional apple picking and enjoyment of fall foliage),  Miami has our own special way of welcoming in the fall.

Miamians mark the start of OUR fall, effective  the day “Stone Crab Season” opens, and that was this weekend!

Officially underway as of October 15th…. Stone Crabs are back … and Joe’s Stone Crab is open again for business thru May 16 ( Joe’s  is an iconic Miami Beach restaurant, which started as literally just a shack  … in the same spot … and is now in it’s 103rd season):  Joe’s Stone Crab –  111 Washington Avenue – Miami Beach.

I’m sure the lines are exceptionally long, as ususal …  I know of many who will be waiting on line, but some of us will wait a few days before attempting entry.   It’s a fun way to welcome in the Fall, Miami Style.

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Adjusted Square Footage … What It Means

If you’re grappling with how to determine home value, based on SQUARE FOOTAGE,  you’re not alone.

One of the most frequently questions our clients ask us is “How does this property compare to that, as far as price is concerned, based on square footage?

Knowing what comparable properties are LISTED and SELL for, helps.  But sometimes the square footage is   “adjusted” … sometimes “total” …. and sometimes “living”.

Realtors make every effort to calculate property value based on “Adjusted Square Footage”  –  at least in Miami Dade.  It can be confusing though, because the tax rolls and the property appraiser’s office and the MLS often differ as to the information shown  …  (and sometimes the  is inaccurate) …  Sometimes “adjusted square footage” isn’t shown, but instead “living area” and/or “total area” is).

In  Miami Dade we tend to use “ADJUSTED SQUARE FOOTAGE” in the Multiple Listing System (the MLS).   Many of the other internet sites (Realtor.com, Zillow, Trulia, etc) feed from the MLS.

“Adjusted square foot” measurements combine ground floor interior spaces & living areas, along with a percentage of each of these: the second story,  the garage, & any covered patio/porch/carport areas.

THE BREAKDOWN FOR DETERMINING ADJUSTED SQUARE FOOTAGE IS:

100% –  main house under air (1st floor)

80% – main house under air (2nd floor) … And this is because second story construction only costs roughly 80% of that of the ground floor costs to build.

66%  – Florida room/enclosed patios or additions.

50% – garage … again based on construction costs relative to the building costs associated with the main house.

50% –  laundry room

33% – covered patios/porches with overhangs.

 

***Screen-covered pool areas would not  be included (unless they had a solid roof).

***Sheds are not included.

 

I hope this helps clarify adjusted square footage .  If you have other questions or want more information, please call us …  The Restivo Hechtman Team at EWM Realty Int’l  305 793-1365  305-632-0164

(Appraisals for loan purposes  … that is another topic …for another blog).

“LIVING AREA” (air conditioned)

“ADJUSTED” (a percentage of  various covered spaces)

” TOTAL AREA” (everything).

 

 

 

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SOLD Near Metro Zoo

imageThe Restivo Hechtman Team recently represented the seller in the sale of 13918 SW 163 St.  This immaculate 4 bedroom 2 1/2 bathroom home  had multiple offers on in within the first few days.  Located near the Metro Zoo and Tamiami Airport and Air Force Base, this home sold within a week.

Features:  1,675 sq ft  …  2 story home … with a covered patio and fenced backyard… light & airy interior spaces … 4 bedrooms  upstairs … ceramic and wood floors throughout (with carpeting in the bedrooms).   “California Model” … No HOA.

We listed at $285,000 and it sold for $274,000, at $164 per sq ft.

Congratulations to our seller and a warm welcome to the buyers!

If you are interested in selling your home or are in the market for a new one, contact the Restivo Hechtman Team.  305 632-0164 or 305 793-1365  [email protected]

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Come see these magnificent Pinecrest homes!

Join the Restivo Hechtman Team this Sunday – October 9 – for two Pinecrest Open Houses, from 2-5 PM.

6330 SW 107 ST is a 6 bedroom, 7.5 bathroom home featuring lovely outdoor entertaining areas including a pool, covered patio and bbq. The home boasts a working fireplace, soaring ceilings, a separate children’s wing with play area and a private loggia off the upstairs master suite. Sophisticated elegance at it’s best.

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10651 SW 65 Ave is a 4 bedroom, 3.5 bathroom home with grounds that rival Fairchild Tropical Gardens. The home has been remodeled and updated with impact windows and new bathrooms. There is also a magazine quality chefs kitchen that has been used in commercials. The updated home oozes charm and a the beauty of a classic Florida home.

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Stop by and check out these beautiful homes from 2-5 PM. For more information or to schedule a private tour, contact the Restivo Hechtman Team.

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