Ray Peckham Real Estate

Learn About Surfside Homes for Sale

Finding a Buyer for Your Surfside Home

Once your Surfside home is ready to show, your agent will list the property in the MLS or Multiple listing Service. Most homes are sold as a direct result of their listing in the MLS, which today also means the home will get extensive Internet exposure. Other ways that your agent will use to find buyers include advertising in newspapers and magazines, holding open house and signage.

Surfside Real Estate...Homeowners Insurance

Surfside real estate Insurance costs can vary by hundreds of dollars depending on the insurance company from which you buy your policy. There are different types of policies that differ in the amount of coverage they provide. The most popular type is called HO-3. This kind of policy offers Area property protection and liability insurance. Surfside real estate or property protection means that you will be reimbursed for losses or damages to the house and its contents. Liability Insurance protects you against personal liability, medical payments for injuries to others and damage to other people’s property. There are policies with more extensive coverage and are usually called “deluxe” or “executive” policies. If you do major remodeling to your home, make sure you upgrade your coverage. If you have an office in your home, you might want to consider special insurance for your computer equipment.

Guidelines for Buying Surfside

Let’s say everything is a GO! You have found the perfect Surfside home. You know you can afford it and it is actually priced below what you expected to pay. What a bargain! Yes there are bargains to be found in Surfside. At this point it is fine to put in an offer on the property but only with a well-planned contingency. Of course, it the home is going to be financed, the lender will want a Home Inspection before agreeing to lend money on the property. However, you need to protect yourself by making an offer SUBJECT TO a clean bill of health from the Home Inspector of your choice. This kind of a contingency gives you an out if the inspector finds a problem with the roof, or foundation or other structural problem that was not apparent to the seller or to your agent. This does not mean you will not buy the house but you will have a good reason to renegotiate the price with the seller.

Buying a Surfside Fixer-Upper

Some Surfside investors concentrate on buying fixer-uppers, making repairs and upgrades then selling for a profit. Going with a Surfside fixer-upper can also be a smart way for those who are handy to buy a home in a neighborhood that they might otherwise be unaffordable. Fixer-uppers are a wonderful opportunity for those who simply love to create their space to their own specifications but for whatever reason do not want to start with a vacant lot.

Best to know the extent of the job and whether or not you are up to it before you buy. Some Surfside fixer-uppers simply need cosmetic work such as paint, wallpaper, carpeting and maybe kitchen appliances are fairly easy to estimate the costs for fixing. Surfside homes that need minor structural repairs such as roofing are also fairly easy to cost estimate.

Buying Surfside Below Market

Isn’t that everyone’s dream? I hear it from prospective buyers almost every day and many of them want to find the perfect Surfside home priced considerably under market. Is it possible? The answer may surprise you but often it is possible. You just need a sophisticated buying strategy.

Now the idea that you can simply decide one day to go house hunting and find just the Surfside real estate you want priced way under market is pushing your luck. But if you take advantage of some of today’s Internet technology, do your homework and bide your time, you might find just what you are looking for. First let’s look at the technology.

Buying Surfside Below Market

While the perfect Surfside option at the right price might come on the market within a couple of weeks, don’t expect that kind of time frame. You must be prepared to wait months for right property, and the Surfside is no exception. Remember, most sellers tend to ask MORE than their property is worth, not less so bargains don’t pop up every day. Often times, homes that are on the market for too long a period of time will come down in price as the homeowners get tired of having their house for sale but unless the seller is really pressed, home prices tend to come down is small increments unless there is an unfortunate circumstance that might cause the homeowner to price the Surfside under market for the specific purpose of getting a fast sale.