MIAMI REAL ESTATE

If your home sits idle in a seller’s market, it’s time to get to the root of the problem. Here are a few possible reasons your home isn’t selling fast: 1. You’re overconfident Being in a seller’s market might mean that your home will get snapped up for premium price, no matter its condition. But that isn’t a strategy to count on. Solution: Be realistic from day one. Although you may love your house, brace yourself for it to potentially sit on the market for quite some time. A

Closing costs are fees associated with your home purchase that are paid at the closing of a real estate transaction. Closing costs vary widely based on where you live, the property you buy, and the type of loan you choose. In this article we outline closing costs when you purchase a home with financing. Typically, home buyers will pay between about 2 to 5 percent of the purchase price of their home in closing fees. Here is a list of fees that may be included in closing. Appli

Little things mean a lot when it comes to selling your home and getting a great price for it. But if everything counts and you have only so much time and money to invest, how do you know where to start to get your home for-sale ready and to fetch the best price? Here are a few strategies: 1. Stage and declutter your home Do all the work necessary to make your property look good, not through expensive changes but through excellent staging. That means clearing out your clutter.

If you're shopping for a home you should be shopping for a home loan as well. Where you live, how long you plan to stay, and other variables can make certain loans better suited to your circumstances. Home buyers hoping to jump into the mortgage market will find three basic types of loans: Conventional Mortgage. This is the most commonly used type and usually has the best rates. You’ll typically need at least 10% for a down payment and good credit. Can be for 15 or 30 years

Step 1: Price it right from the start. The price at which your property is marketed can make or break the deal. Hire a professional realtor to help you out with the calculations and variables that may be involved in the sale. Step 2: Hire a Real Estate Agent. Realtors handle everything from pricing the property, showings, contract negotiations, dealing with lenders and appraisers, etc. They will also offer valuable advice on possible necessary renovations and how to prepare y

If you’re thinking about buying a home, now is the perfect time to “warm up” for the house hunt. Whether you’re looking for a house or a condo the prep work is the same. A little work now can give you a jump-start to achieve your housing goals. Check your credit score. Typically, you’ll get the best interest rate on a loan if your score is 740 and above. If your credit score falls short, get busy repairing it. Don’t open new credit cards. Tempting as saving at checkout can

Mortgage lenders require paperwork that verifies every facet of your financial life: income, debts, assets and more. The lender will request the following documents, so it is very important to prepare yourself and gather them before you apply for a mortgage. W-2 forms from the previous two years, if you collect a paycheck. Guidelines typically require the most recent Form W-2 wage and tax statement, but some borrowers are asked for two years of W-2s. Profit and loss statement

The single most important factor to consider when selling a house is pricing the house correctly. You don't want to overprice the house because you will lose the freshness of the home's appeal after the first two to three weeks of showings. Pull Comparable Listings and Sales: Look at every similar home that was or is listed in the same neighborhood over the past three months. Appraisers do not use comps older than 3 months Sold Comps: Compare original list price to final sale

Reason 1: Setting the right price. A Realtor can give you up-to-date information on what is happening in your local marketplace, as well as the price, financing, terms and condition of competing properties. Reason 2: Marketing expertise. Marketing exposes your property to the public as well as to other real estate agents through a Multiple Listing Service, other cooperative marketing networks, open houses for agents, and so on. An agent will also know when, where and how to

If you're shopping for a home you should be shopping for a home loan as well. Where you live, how long you plan to stay, and other variables can make certain loans better suited to your circumstances. Home buyers hoping to jump into the mortgage market will find three basic types of loans: Conventional Mortgage. This is the most commonly used type and usually has the best rates. You’ll typically need at least 10% for a down payment and good credit. Can be for 15 or 30 years