Ray Peckham Real Estate

Information About Surfside Homes and Condos

Surfside has special regulations

Every area has its own building regulations. You need to know how these restrictions will affect the design of your Surfside home. Issues to consider include zoning, setbacks, rights of way and easements. Most subdivisions have CC&Rs (Covenants, Codes and Restrictions). Studies of Surfside demonstrate that these carefully to make sure they are not too restrictive for your needs or create excessive building costs.

Surfside Disclosure Rule

If you are contemplating the purchase of an existing home or any Surfside, I strongly recommend that you utilize the services of a trusted home inspector. The final purchase of any home should be based on obtaining a favorable home inspection. Surfside is no exception to this rule.

What if the home inspector discovers a problem? That happens and as long as it happens before the sale is final the seller can fix the problem or the buyer who agrees to take the property as is can negotiate the price. Any questions regarding Surfside, just give me a call.

Guidelines for Buying Surfside

Whether you are a seasoned veteran of real estate transactions or a first time buyer, my advice is the same: Know the Market, Know Yourself and Rely on Experts to give you the whole picture of what you are buying.

Know the Surfside Market. Another way of stating this is Research, Research, Research. Of course the Internet is a great way to give an overview of Surfside homes or homes in any given area but may not be enough, especially if you are looking to buy a home some distance from where you currently live. If you are looking to buy locally you can drive the neighborhoods that you are focusing on to get an idea if there are any problems you need to be aware of. Does part of the development back up to a busy highway? If so and if you want to avoid looking at homes in that area, know what streets are involved so you can recognize listings that may be involved.

Surfside Real Estate Title Insurance

Buyers in the Surfside market can be tempted to save money by foregoing a title search but the risks are heavy because title problems are many and varied. Some typical problems that title searches have uncovered include a second mortgage on a home that does not appear to have been paid off. The sellers borrowed money years ago from a parent who insisted that a second mortgage be recorded. The loan was repaid but the title wasn’t cleared. Another typical Surfside problem occurs when an owner had work done on the property but for one reason or another failed to pay the contractor in full. The contractor filed a mechanic’s lien on the property and it has never been removed. These are liens on the property and if you take title to a property without clearing these liens or encumbrances, you may be responsible them.

What Makes Surfside Sell?

If your only reason for selling your Surfside is for the purpose of taking your profits there are a couple ways to approach this. Assuming you have lived in the Surfside for two years so you can avoid federal tax consequences, if you sell when prices are high and rent until prices come down before buying a replacement home, you will have maximized your profit. Remember, if you sell when prices are low, you will still make a profit and be able to buy a replacement home while prices are still low.

Surfside DEDUCTIONS

One of the advantages of home ownership is that while most other types of interest are not tax deductible, the interest you pay on your Surfside loan is deductible on your Federal and State income tax. This fact alone gives homeowners a distinct advantage over renters.