Ray Peckham Real Estate

Buying and Selling Surfside Homes

Preparing to Sell Your Surfside Home

Experienced agents know what puts prospective buyers off when they view a home, especially Surfside. For example, when buyers find dirty dishes in the sink, notice offensive pet odors or spot obvious stains suggesting a leaking roof they begin to devalue the property. Some buyers may decide to pass on the house completely while others may think about making an offer way below the asking price. So, a good agent’s first step is to help the homeowner see the house as others will see it and take care of problems.

Surfside Homebuyers Quandry

Before you begin your next home search, make sure the Surfside you have is Market Ready. If painting or landscaping or repairs need doing, get them done. If you are going to go out house-hunting you may save yourself a lot of heartache and headache if your house is ready to be listed at a moment’s notice.

In many cases the amount you expect to realize from your existing Surfside real estate will determine the price you can afford to pay for your next home. Start with a Comparative Market Analysis so you will know about how much you can afford to spend.

Building Surfside Home Equity

As a Surfside homeowner you have the right to pay more towards the principle loan amount each month. Let’s say your monthly payment is $700.00 a month and $100.00 a month is being applied to the principle. If you choose to pay $900.00 instead of $700.00, the $200.00 overage will be applied entirely to the principle. Thus, instead of gaining $1,200.00 a year in Surfside home equity, you gain $3,600.00.

The only factor being considered here is Home Equity. In individual cases it may be wiser to invest than to pre-pay your home loan. It also may be wiser to pay off high-interest, non-deductible loans before considering your Surfside home equity building options. Your financial advisor is the one to consult for these matters. If you would like up-to-the-minute information about Surfside home appreciation values in your area, please call or E-mail me today.

Choosing Your Surfside Neighborhood

You’ve probably heard about the three major determinants of Surfside values are: 1) location, 2) location and 3) location. This is not only true about real estate in Surfside; it is true about real estate in general. If you cannot afford what you want where you want it, give up something inside the house rather than settling on a lesser location.

Tips for Buying or Selling Surfside

Most people, when they want to buy a house, contact a real estate agent or broker. That is why it is true that the best way to sell your Surfside is to list your property with a qualified agent. Make sure that the agent you select will list your home in the local MLS and will make sure your property appears on the Internet. Since most buyers start their search online, you want to make sure that your Surfside is available to those who search the Internet.

Surfside DOWNTURNS

Real estate markets are affected by the economy as a whole and in turn, can affect the general economy. Of course, a buyer’s dream is to buy Surfside when prices are low and sell when prices are high. However, real estate is not exactly like other forms of investment and most people become comfortable and attached to their homes and are not interested in selling just because the market is right.