Ray Peckham Real Estate

Facts About Surfside Homes Values / Buyer – Seller Tips

Surfside Dream Home

As you can see, the lot you choose for your Surfside Dream Home could have
either a negative or a positive effect on your overall building costs. A large, square lot in the middle of a graded subdivision in Surfside is the easiest type of building site to work with. The further your lot deviates from the ideal, the higher your building costs will be. Building on a hillside or on a lot with varying topography and irregular shape is expensive.

Surfside Real Estate Contract Options

Less common types of agreements include what is known as a “One Time Show,” and “Exclusive Agency,” and an “Open Listing” agreement. The One -Time Show and the Open Listing are similar and are often used by homeowners who wish to sell their Surfside real estate on their own but will agree to pay a commission to an agent who brings a qualified buyer for the home. A Surfside homeowner may agree to an Open Listing with several agents and also agree to a One-Time Show to any agent who has an interested buyer.

Surfside Real Estate Cycles

One problem with attempting to time your purchase to the business cycle is that even experts have problems accurately predicting the future economy. Even when they can, the Surfside market does not necessarily move in tandem with the stock market or the economy as a whole. Surfside is a unique situation.

When the economy is doing well, interest rates are generally higher. The result is that fewer people can afford houses, and Surfside is no exception. When the economy slows down, interest rates fall, the "affordability index" moves up and more people can afford houses. The Surfside market will take the lead.

Surfside Disclosure Rule

Tell All is definitely the rule for anyone who is selling Surfside real estate in today’s market. Let the Buyer Beware can easily come back and bite you in a delicate spot—your pocketbook.

Today, those selling a home or any Surfside are expected to disclose all known material defects that are not readily apparent to the buyer. A Material Defect is usually a physical condition that would affect a buyer’s decision to purchase the home or what price to pay for the home. A leaky roof is definitely a Material Defect. If a Surfside seller tries to disguise the leak by painting the interior ceiling and walls without fixing the leak, the truth will come out the next time it rains. Chances are the first call the buyer makes will be to his attorney.

Bitten by the Surfside Home Improvement Bug?

Money isn’t everything however so that if the most important consideration for remaining in your Surfside home happens to be the school where your children attend or the proximity to your work or to a particularly attractive recreational opportunity then remodeling may be the best option. On the other hand, if the idea of having your Surfside house torn up for weeks at a time makes your blood run cold, it really doesn’t matter how much money you might make turning a fixer-upper into a model home. You will be far better off selling the home you have and moving to a home that better fits your needs.