Monday, 9 July 2018
Tuesday, 13 February 2018
5672 Rock Island Rd #251 Tamarac, FL 33319
Perfect for Investors or First Time Homeowners! Nice 1/1 condo with tiled floors in living room, bathroom, entry way, kitchen and laundry room. Bedroom is carpeted and has a walk in closet. Screened in patio, full size washer and dryer in unit. Enjoy all the amenities including pool, hot tub, volleyball, tennis court, car washing station and meeting room. Close to the turnpike means easy access to the tri-county area, airports and night life. Unit can be rented right away!
Bedrooms: 1
Bathrooms: 1
Price: $89,000
For more information about this property, please contact Linda Tabasky at (954) 865-9572 or lindatabasky@keyes.com. You can also text 4842414 to 67299.
See more listings at: http://LindaTabaskygoldberg.keyes.com/
MLS ID: A10417369
Thursday, 7 December 2017
Common Contingencies in Real Estate
In many real estate transactions, the term 'contingency' may
come up. A contingency is a clause that is added to the contract that gives the
parties the right to back out of the contract under certain circumstances that
must be negotiated between the buyer and seller. Essentially, a contingency
clause allows either the buyer or the seller to back out of the sale without
any kind of repercussions or breach of contract. For the majority of real
estate transactions, most contingencies are for the benefit of the buyer. It's
important to know the most common contingencies that could come up in your next
home sale or purchase.
Appraisal Contingency
For those home purchases that require funding, an appraisal
is required to determine the overall value of the home. The lender won't lend
more than what a home appraises at, so should an appraisal come in lower than
asking price, a problem arises. If a buyer doesn't have the cash to make up the
difference, the lender won't loan more money to cover the difference. Because
of this, an appraisal contingency is helpful: it allows the buyers to back out
of a deal if the appraisal price is not as high as the purchase price, or it
allows the buyer and seller to re-negotiate the purchase price, giving the
buyer the ability to back out of the deal if the seller declines to come down
in the total price of the property.
Financing Contingency
The buyer is responsible for funding the home purchase,
whether it be with cash, mortgage loan or some kind of other funding. If the
purchase is dependent on financing a loan, then a financing contingency will
likely be included in the contract. A financing contingency helps protect the
buyer should the loan not come through. A financing contingency can also
include other details regarding the purchase, like the type of loan, the amount
of the down payment, loan term and even the interest rate. This is an important
contingency in that it protects the buyer, allowing him/her to walk away from
the deal without any repercussions or loss of earnest deposit, which is
incredibly valuable to the buyer.
Home Inspection Contingency
One of the most important protection contingencies, the home
inspection is a huge part of the home buying process. The inspection is
performed by the buyer in order to ensure the property is up to his/her
standards. A home inspection does a great job at determining the overall
condition of the property, calling to light any major issues with the home's
major systems. The buyer has a lot of protection with a home inspection
contingency, especially if major items come up in the inspection report. With a
home inspection contingency, the buyer can: ask for a discount to help with any
necessary repairs, go through with the sale regardless of the findings and do
the repairs after move in, or back out of the deal based on the findings
without any negative repercussions.
Home Insurance Contingency
Home insurance is important: it provides protection for
things such as property damage, fires, natural disasters, and other issues.
When it comes to a home insurance contingency, this could be a requirement that
the buyer secures home insurance prior to finalizing the purchase. The
contingency could be part of the loan agreement, put in place by the mortgage
lender, or it could be something the seller dictates in the contract. This can
be a tricky one (especially if the insurance is needed prior to closing) if the
property is located in an area where insurance is difficult to get, like a
known flood zone or other region that experiences inclement weather and/or
natural disasters.
Home Sale Contingency
For those buyers who are also selling their own home, a home
sale contingency is usually inserted into the contract. Basically, this
contingency is "I want to buy your house, but I can't until my house
sells." Properties listed as "under contract" or
"contingent offer" likely have a home sale contingency on them. The
homes are still open for offers, but the contingency clause will likely have a
stated amount of time for the original offer maker to sell his/her home before
the seller can accept new offers.
Contingencies are common in real estate, and they're not a
bad thing: they help protect both buyers and sellers. If you have questions
about contingencies, or about real estate in general, contact your local agent
for more information!
I am a realtor working in South Florida. If you need help buying or selling a home, please contact me. Also, please view my website where you will also be able to search the MLS.
Monday, 9 October 2017
Investment Property FAQ
For many cities and areas around the country, real estate is an excellent investment as real estate markets continue to grow. Investment properties are a great way of taking advantage of competitive real estate markets, and with more renters in the U.S. than any time since 1965 (according to the Pew Research Center, as of 2016, 36.6 percent of household heads rented their home), investment properties are not only a great way to grow wealth, they're a sound investment for anyone considering the investment real estate world. With any type of real estate transaction there are a number of questions, and below are some of the most common FAQs regarding investment properties.
How do I Find a Profitable Property
Finding the property that's going to fit your needs and wants
in an income property begins with determining what kind of income property
you'd like to own. Are you going the traditional route, where the property will
be rented full-time, month-to-month or via a lease? Are you more interested in
a home that will be used via a house rental program, like Airbnb or VRBO? Are
you interested in a multi-family property, where there are multiple units
within one property? Once the type of property is determined, the next step is
to look. As your real estate agent, I am the best resource and will be able to
find properties that fit your needs and wants. And remember, finding a location
that is popular and sought-after is just as important as the property itself.
How do I Determine if it’s a worthwhile Investment?
The main indicator of whether a property will be a worthwhile
investment is its potential cash flow. Cash flow, in the most basic sense, is
the property's rental income minus monthly expenses. Positive cash flow means
the property produces income each month or rental period; negative cash flow
means there is not enough income to offset the expenses. With an investment
property, you'll need to consider how many items influence positive cash flow:
insurance, property tax payments, vacancies, general maintenance, upkeep of the
property's major systems, and if there is a mortgage payment on the property.
If the property is going to require a lot of repairs and monthly maintenance,
there might not be a positive cash flow for some time. If the property won't
require a lot of maintenance and is in a desirable location, it could have a
positive cash flow in just a couple of months.
How do I Finance it?
Financing an investment property is similar to financing a
regular home. The most common way to finance is through a bank loan. There are
loans available specifically for investment properties, which can cover many
different types of income or investment properties: multi-family properties,
vacation homes and more. It's important to note that mortgage insurance won't
cover investment properties, so if you're going the mortgage loan route you'll
need to put at least 20 percent down to secure traditional financing. Credit
score and income are also important when it comes to securing financing, and for
some lenders, securing a loan will require two years of landlord experience.
Is An Agent Necessary?
Using an agent is an excellent idea, especially when you
consider all an agent offers and can help with. An agent will often be the
first to know of an available property as s/he helps with property searches;
s/he will look into the different markets, work with inspectors and appraisers,
aid in negotiations and much more. A real estate agent is trained to do the
dirty work - and unless you are self-employed or have a decent amount of time
to dedicate to searching for real estate and all the paperwork that comes along
with it, using an agent will make the entire process more enjoyable and easier
to navigate versus going it alone.
Are There Any Benefits?
There are
a number of benefits of investment or income properties: if you own the
property long-term, you have the possibility of seeing a significant
appreciation in property value and equity growth. For rental properties, there
are a number of tax deductions that landlords can take advantage of that cover
things like interest, depreciation, repairs, local travel, long distance
travel, employees and independent contractors, casualty and theft losses,
insurance premiums and many more. It's important to note that a trained tax
professional with experience in investment properties will be able to provide
additional information on the tax benefits and deductions available to income
property owners. There is also the potential benefit of leveraging your
investment. As an example, if you purchase a property worth $300,000 with 20%
($60,000) down, when that property appreciates in value to $330,000, your
$60,000 investment just appreciated 50 percent!
I am a realtor working in South Florida. If you need help buying or selling a home, please contact me. Also, please view my website where you will also be able to search the MLS.
Friday, 25 August 2017
Common Appraisal Myths
An appraisal is an important part of many real estate transactions. An appraisal is typically done if a buyer must get a mortgage loan to purchase a property. The appraisal is done by a licensed appraiser and it's based on a lot of different data gathered during an inspection by the appraiser. When it comes to appraisals, there are many myths or misconceptions around them. Whether you're looking to buy a home, refinance a current mortgage, or you're looking for more information about all that goes into real estate transactions, here are some of the most common myths when it comes to appraisals.
An Appraisal is the
same as a Home Inspection
While
both an appraisal and home inspection provide important information to all
parties, they are not the same thing. An appraisal is done to determine the
value of a property, generally for the benefit of a lender. The appraiser will
inspect a property for improvements and deficiencies but only to determine the
overall value of a property. However, a home inspection’s main purpose is to
look at the 'guts' of a property, assessing the overall condition, and
inspecting the major systems, appliances and structure to determine the shape
of a property. The appraisal is done to determine the value of a property; a
home inspection, which is not required, is done to determine the overall health
of a property.
The Appraiser is Hired by
the Buyer
An appraisal is
required when a home is being purchased with a mortgage loan; a current
homeowner is looking to refinance their existing mortgage; or when someone is
selling a home to someone that is not an all-cash buyer. The appraisal acts as
a security for the lender to understand the value of the property when making
the loan decision. Due to federal changes several years ago, the lender does
not hire a specific appraiser- they are chosen from a pool of appraisers. For
the majority of property transactions, the buyer is responsible for the cost of
the appraisal, and for the most part the buyer or borrower pays the costs
through the lender. Sometimes a seller
will get an appraisal to get an idea of
a home's value before listing the property - in this case, the seller would
hire the appraiser and pay for the appraisal.
The Appraisal Varies Whether it's For the Buyer or Seller
Typically, an appraiser has no vested interest in
the price of a property – They don’t represent any particular person. The
appraiser is to complete an independent and objective appraisal, simply
performing the service of determining a property's appraised value. Appraisals
can be done for a number of reasons: insurance, home loans, tax losses,
estates, liquidation and net worth. Because of this, depending upon the purpose
of the appraisal, the market value and appraised value can vary, but the appraiser
does not complete an appraisal in favor of the seller or the buyer.
Appraisers Use a
Formula to Determine the Value of a Property
The way in which appraisers determine the value of a
property is very detailed. An appraiser will analyze all aspects of a property:
location, condition, size, proximity to amenities and other facilities, and
they will also consider the recent sale prices of comparable properties in the
area. Other items that are considered in the appraisal: number of bedrooms and
bathrooms and the floor plan functionality. The appraiser does a visual and
physical inspection of the interior and exterior of the property. They will
take into consideration the type of flooring in a home; the materials used in
the kitchens, bathrooms, and other rooms; the siding and any other recent
upgrades. An appraiser will also consider things that need to be repaired, and
other miscellaneous items. Far from a specific formula, appraisers use a lot of
data to determine the appraised value of a property and an appraisal can take a
number of hours to complete depending on the size of a house and complexity of
the property.
I am a realtor working in South Florida. If you need help buying or selling a home, please contact me. Also, please view my website where you will also be able to search the MLS.
Tuesday, 15 August 2017
Plantation, Florida home For Sale 5281 SW 5th St Plantation, FL 33317
UNDER CONTRACT IN JUST 4 DAYS!!!
Property Site: http://tour.keyes.com/home/9NEMSP/5281-SW-5th-St-Plantation-FL-A10327656
Are you looking to buy a home in the heart of Plantation? Here is your opportunity to own a beautifully, well maintained pool home. This home has great curb appeal. Circular drive way can easily accommodate lots of parking. All windows, doors and sliders are impact. Laminate flooring in bedrooms and living rooms, tile flooring in kitchen and hallways, lot of storage. Roof only 3 years old. Fenced backyard with shed. Screened patio and pool is perfect for entertaining. Close to highways, shopping, restaurants and park. What a great place to call home.
Bedrooms: 3
Bathrooms: 2
Square feet: 2,683
Price: $379,000
For more information about this property or to schedule a private showing, please contact Linda Tabasky at (954) 865-9572 or LindaTabasky@keyes.com. You can also text 4529567 to 67299.
See more listings at: http://LindaTabaskygoldberg.keyes.com/
MLS ID: A10327656
Thursday, 6 July 2017
Common Items Sellers Forget To Do
Selling your home or property is a big event and it is very easy to overlook some relatively easy things that you can do that can really help to get your home sold. So check out this list of things to do.
Check references
The first thing I would do is to ask your family and friends if they know any realtors whom they trust. If they do not, then you can search for one online, but be sure to check their reviews and even ask for references. After all, you are entrusting them to help you sell one of your biggest assets.
Disclose Invisible Improvements and Former Issues
If you have owned your home for quite a while, it is very easy to have forgotten the small improvements you may have made. In addition to disclosing the larger improvements such as a new roof or new a/c, you will want to also disclose the smaller ones you have made as well. If you have had any damage to the home and it has been repaired, disclose that as well. No need to put yourself in a situation where you are at fault for not disclosing.
Social Media Marketing
The number one thing that all sellers want is to get their home sold quickly and for the most amount of money as possible. Chances are your realtor is on social media and she/he will share your listing with everyone they know. But you can do the same..share it on Facebook, twitter, Instagram and ask your friends and family to share it too. This way your listing can be viewed by hundreds or thousands of people easily, quickly and effectively.
Curb Appeal
While you want the inside of your home to shine, you want the outside to reflect the same. Buyers see the pictures your realtor puts on the MLS. If the outside does not look good, you may have some buyers who don't even want to take a look at the home. Or the buyers driving by and see your for sale sign, they too may choose to pass up on a great home, just because the outside doesn't look appealing. So be sure to keep your lawn cut, bushes and trees trimmed, fix any blown bulbs outside and make small cosmetic repairs if necessary.
Clean
Upon moving out of your home, you should clean it for the new buyers. Some contracts state that the home should be swept clean, but even if it isn't required, it is a nice gesture of good will. You should clean the inside of the home, wash floors, clean all appliances inside and out, clean closets, cupboards and clean out the garage.
I am a realtor working in South Florida. If you need help buying or selling a home, please contact me. Also, please view my website where you will also be able to search the MLS.
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