Ray Peckham Real Estate

Surfside Homes Guide

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 Home Improvement

Homeowners hear a lot about improvements that might add value to houses. But less attention is paid to what to avoid. Steer clear of renovations that will cost you money at resale time.

If an Surfside home becomes conspicuously larger -- and more expensive -- than those around it will risk becoming hard to sell. Additions tend not to return their entire investment. The 2005 "Cost vs. Value Report" found that homeowners were able to recoup only 83% of the cost of a family-room addition and 82% of a midrange master suite.

Surfside Real Estate Cycles

During a slow economic time, fewer people are buying homes in the Surfside market. Even so, some homeowners find themselves in a situation where they must sell. Families grow beyond the capacity of the home, employees get relocated, and some may even find themselves unable to make their mortgage payment - perhaps because of a layoff in the family.

During sellers' markets, Surfside real estate sells quickly and sellers have a lot of pricing power. As a result, prices rise more rapidly than at other times. During buyers' markets, Surfside real estate may sit on the market for a while before selling, so sellers become more flexible and may even drop their prices.

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.

Taking Title to Your Surfside

Each owner has a separate title to an undivided interest in the entire property. Each owner is allowed to sell, mortgage or give away his/her interest. Any number of people can take Tenancy in Common ownership of Surfsideand husband and wife may choose this option as well. When an owner dies, his/her interest passes by will to his/her heirs. In other words, there is no survivorship right.

Each owner has an equal interest in the Surfside. If one owner dies, that person’s share of the property passes automatically to the other without going through probate. Any number of people can take ownership under Joint Tenancy and husband and wife may choose this option as well.

Community Property. Only husband and wife can take title to Surfside in this way. Title is in the community

Surfside BENEFITS

A benefit is an advantage or something that promotes or enhances well-being. A Surfside benefit might be its location, its home styles, its diversity and/or its proximity to major highways, employment, education and shopping. Whether or not any of these factors are or are not a benefit depends entirely on the point of view of the potential buyer. For example, being close to a major airport might be important for someone who flies a lot and an annoyance to someone who never flies and dislikes the noise of airplanes flying overhead.