Miami real estate news and information

Archive for the 'SELLER’S ADVICE' Category

Marketing Your House to SELL …to the next generation!

By knowing who to market your property to, you can target those buyers who are most likely to buy.  Sounds simple.  And it is.

Couple LaptopGen Y (consisting primarily of future home buyers, and first time home buyers… between 12-29 years old) are Internet geniuses …  With real estate marketing to this particular group, the Internet is not optional: It’s imperative.  They use the phone less and less, relying more on text messages and social media.  Read the rest of this entry »

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Why you MIGHT need a Realtor … as a HOMEBUYER

Champagne on IceMost SELLERS hire an agent … but if you’re planning on buying a home, do you really need (or even want)  a real estate agent?  

Over 90% of home-buyers search online (at least at some point during their house hunt).  With the Internet, and your ability to search online, how does a Realtor factor in?   Can you save on commission?  Who is it who pays the commission … and who is it who determines the amount of  commission? 

Professional ‘fees’ are determined  by the seller,  at the time the house is listed for sale.  Whatever the commission “amount” or percentage  can and does vary from one property to another, based on the agreement between  seller and his or her listing broker. It is the SELLER who determines  the commission amount… and that commission comes off the seller’s side of the closing statement.

But who really pays the  commission?   … Is it  the buyer or the seller?    Read the rest of this entry »

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Another House Sells Above APPRAISED VALUE. Never give up!

16641 SW 78 Ct in Palmetto Bay SOLD earlier this month, despite appraisal issues that threatened to  derail the  transaction.

Appraisals are all across the board now in Miami and buyers and sellers are truly in the hands of whomever is sent out to value the property…  and  then  they are at the mercy of the others involved in the transaction, on the other side…   and here is where it REALLY helps to have a seasoned Realtor on your side. 

Breakfast

The appraiser for 11641 SW 78 Court  used comps that left me with my mouth open, and no words, as the listing agent.  They included sales that closed well OVER six months prior,  and included properties that in no way compared to the subject (other than that they had four walls and a roof),  and were outside of the school boundaries that added such value to this property. Read the rest of this entry »

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Housing Recovery Linked to Job Growth… Miami Snapshot… First Quarter 2011

Like it or not, the housing market is linked to the economy and to job growth.   With consumer confidence waivering, and potential home owners concerned about job security, that apparently wouldn’t bode well for the housing market. 

But the malls and stores are full of  shoppers and businesses are raking in the sales.    And we  are selling homes left and right!

Properties that we listed for sale in South Florida during the first quarter of 2011 are  for the most part either under contract and pending sale, or have already closed…  A handful  of the properties we listed  sold very close to (or above)  list price.   If that’s not a snapshot on the real estate market, I don’t know what is. Read the rest of this entry »

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SOLD for OVER ASKING PRICE: 6625 SW 97 Ave, Miami

97 aveThis is the kind of information that should be all over the local Miami newspapers.  Miami Real Estate is selling … and the real estate market is heating up faster than many of us would have imagined.

6625 SW 97 Avenue in Miami was under contract the first day it went on the market … and it closed in just over a month … at well OVER THE ASKING PRICE.   Listed at $689,900.00 it  just closed for $725,000.00.

If you are looking  for an experienced real estate agent in Miami to sell your home…   Contact the Restivo Team at EWM here or  at (305)  793-1365 or  (305) 632-0164.  

We are happy to assist you  … buying, selling, leasing, or building.

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All About Appraisals

An appraisal is an important step in purchasing your new home. When you apply for a mortgage (to refinance or purchase your home), the bank will order an appraisal. It’s the estimated amount of money the home is worth, based on the analysis of an independent third party who estimates the value of real estate. Lenders require an appraisal to make sure that the mortgage amount is not more than the value of the property.

The appraiser will not value personal property such as furniture, but will value real property like land and the structure itself. Read the rest of this entry »

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“B” for Back-Up … “You’ve always got to have a plan” … and Selling Real Estate is No Different!

Real estateYears ago, my 4 year old and my 8 year old were bickering in the car while we were on vacation in Yosemite National Park …  I was driving … and my Dad was with us.    I stopped the car, and suggested that  the two boys hop out, because the rest of us really didn’t want to hear any more of their shenanigans….  I pointed to a log where they could take their discussion,  and pulled the car up a few feet,  stopping  behind some shrubs.   We could see the boys, and we could hear their conversation.      (They probably wondered if  we would really leave them there …  so quickly abandoned their adversarial position).  The  little one asked  his brother  “OK… what do we do?”    Big brother shrugged.   The little one continued ” Come on… tell me.  You’ve always gotta have a plan.”    (He was four!)   They were  ‘friends’ again …  ready to get back in the car …  enjoy the vacation (and each other).  And we still smile, remembering the little one telling his brother that he should always have a plan.

In Real Estate… you need to have a plan.   Having a back=up offer is PLAN B.    I rarely take a back up offers on property I  list for sale …  but occasionally I do … if there’s a good reason.

Why would anyone take a back up offer?   Read the rest of this entry »

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3 Seconds to SELL YOUR HOUSE

Not sure whether first impressions count?  

Last week,  I was scouring through  a couple hundred listings online.   I excluded properties fast.   My search criteria was specific to the buyers we were working with …   

I’d  read through  120 (or so)  property descriptions…. then narrowed it to the top  45-50…    looking for value.   

Once I clicked over to  the online  photos  ….  it took me only a second or two to scratch  potential properties.   I needed  the top 10 in my buyer’s price point…  and was  narrowing it …  based on curb appeal and “house pride”.  

It’s easy to sell a home when you have photos and descriptions that tell more of a story Read the rest of this entry »

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Lenders Require 2 Appraisals in Miami

appraisal

Mortgage lenders often require 2 appraisals  on real estate transactions priced over $1.2  million in Miami.   

We just jumped that double appraisal hurdle … with a surprising outcome …one I’ve yet to see before . 

I wonder if anyone else has encountered this… and if so, please share!.   Read the rest of this entry »

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Appalling Real Estate Agent Behavior

Real Estate Agents are as diverse  as their clients.   If we were all cloned from the same nitch, it would be boring.     Miami Realtors span the extremes.  

In the past couple of weeks,  I’ve had buyers in tow …   previewing some outragiously exquisite homes in Miami.   The calibre of  listing agents continues to stun me …  (and I’m talking about top producing Miami Realtors !)    If  sellers could JUST be a fly on the wall, and watch how their Realtors act with prospective buyers,  it might be eye-opening  …   and might have some sellers running for the hills!  Read the rest of this entry »

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