Ray Peckham Real Estate

Surfside Homes Guide

Fixed Rate Loans in Surfside

Advantages: As indicated earlier, predictability is the biggest incentive for choosing a fixed-rate loan for your Surfside real estate mortgage.

Disadvantages: Fixed rate loans usually come with higher interest than the start up interest rate on a fixed loan. Down payments for your Surfside on conventional, fixed-rate loans are usually higher than the down payment required for an ARM.

Surfside Real Estate or Homeowner’s Insurance

While it is necessary to have Surfside Real Estate or Homeowner’s Insurance, there are ways to reduce your premium costs.

One: Raise your deductible. Deductibles are the amount you must pay towards a loss before your insurance company starts to pay. You can save costs on your overall policy by increasing the amount of your deductible. For example, according to a Federal Government paper on lowering Surfside insurance costs, you can save up to 12% on your rate if you go with a $500.00 deductible rather than a $250.00 deductible.

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.

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.

Green Remodeling Your Surfside

Energy conservation. The average Surfside today uses systems for heating, ventilation and air conditioning, and most homes are not built as efficiently as they could be, resulting in high energy consumption. The U.S. Department of Energy believes if current buildings were green-improved, they would use $20 billion less in energy per year. Surfside green remodeling puts a strong emphasis on making homes as efficient as possible with modifications such as energy-efficient appliances and thermostats that can be programmed at different temperatures for different times of the day.

Surfside DEPRECIATION

Depreciation is the loss of value of a building or an asset due to wear, tear, and aging. Depreciation cannot be applied to your personal residence unless you use your Surfside in some way for business. If you do depreciate a part of your home, let's say a home office, there are tax consequences you must consider when you sell your home.