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Ray Peckham Real EstateSurfside Homes ValuesSurfside Homebuyers QuandryArmed with the Comparative Marketing Analysis, it is time to approach your lender to see if you can get financing without selling your current Surfside. In most cases, financing will be contingent upon selling your home but you may be able to obtain interim financing sometimes known as a Bridge Loan. Taking Title to Your SurfsideThere are so many details to consider when purchasing your Surfside and mounds of legal paperwork to read that sometimes it seems overwhelming. Some important decision can be made ahead of time so you know what is in your best interests when the time comes. For example, right at the end when the paperwork is being signed you may be asked how you want to take title. This is an important decision that should not be rushed but often is. Knowing some of the common forms of Surfside ownership ahead of time is one way to protect yourself. A single Surfside buyer will usually want to take title in his/her name alone. Husbands and wives usually own property through a form of joint ownership such as joint tenancy. Unrelated individuals can take title in a limited partnership arrangement. What Makes Surfside Sell?Books have been written about this topic but to be concise, successful sale depends on six factors: Price; Terms; Location; The Home’s Condition; The Home’s Accessibility and the Marketing exposure the Surfside receives. Price is what a willing seller and a willing buyer agree on. Price is determined by the current market, which fluctuates causing home values and prices to fluctuate. Often Surfside that does not sell is over-priced for the current market. Terms can vary as well. Some owners want payment in full, some are willing to carry a second. Location is a major consideration in pricing and desirability for Surfside. Has the neighborhood gone to pot or does it look like a street at Disneyland? Are there open spaces nearby or is the home located in the middle of commercial district? 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 SEARCHThe easiest way to start your Surfside search is to use the online search capabilities on this Website. This will give you a snapshot of all the homes that are available in your price range, with the amenities you require and the locations you might consider. Next, make contact so that a knowledgeable agent can help you narrow your choices and take you on a personal tour of your best options. Surfside INVESTMENTInvesting in Surfside as a second home or as a rental has many advantages. But before you invest, it is a good idea to acquaint yourself with the actual sales price of similar properties and to get a picture of the Surfside market in general. Please contact this office for detailed information on Surfside market |