Ray Peckham Real Estate

Surfside Overview of Homes for Sale

Qualifying the Buyer for your Surfside Property

Either you or your agent will want to weed out potential buyers who cannot afford to purchase your Surfside home. Items to investigate include the buyer’s debt and credit history, current income and employment, the availability of cash for a down payment, the time the buyer needs before closing on the home and the buyer’s level of interest in your home as compared to other properties.

Surfside Homeownsers Insurance

Bundle your Surfside insurance policies. Some companies that sell homeowners, auto and liability coverage will take 5 to 15% off your premium if you buy two or more policies from them.

Reduce Your Risk. Find out from your insurance company what steps you can take to make your Surfside more resistant to natural disasters. If you live in an older home, look into modernizing your heating, plumbing and electrical systems to reduce the risk of fire and water damage.

Surfside Real Estate Title Insurance

Buying a new home is the single largest financial investment for most families but there are risks. What if the seller doesn’t really own the home? What if there are mortgages, judgements or liens against the property? What if the property taxes have not been paid for several years? Surfside real estate Title insurance protects you against these types of risks and against the risks of human error. It is your basic home ownership protection.

Surfside Title insurance protects you against future losses arising out of events that have happened in the past. Unlike other types of insurance, title insurance is paid when the policy is issued and is good for the life of the policy. The premium required is based on the amount of the sale or the mortgage.

Bitten by the Surfside Home Improvement Bug?

Unless money simply isn’t an issue, the financial implications of remodeling are definitely something to consider. When it comes time to sell your Surfside home, the new buyer will usually not pay for over-improvements. This means that if you have the smallest home in an area of larger, more expensive homes, home improvements may make very good financial sense. However, if you already have the largest, most expensive home in Surfside, more improvements may make you more comfortable but may not bring you a good financial return. You may find that it is financially wiser to sell and move to a different home that already has the features you want to add.

Building Surfside Home Equity

As a Surfside homeowner you have the right to pay more towards the principle loan amount each month. Let’s say your monthly payment is $700.00 a month and $100.00 a month is being applied to the principle. If you choose to pay $900.00 instead of $700.00, the $200.00 overage will be applied entirely to the principle. Thus, instead of gaining $1,200.00 a year in Surfside home equity, you gain $3,600.00.

The only factor being considered here is Home Equity. In individual cases it may be wiser to invest than to pre-pay your home loan. It also may be wiser to pay off high-interest, non-deductible loans before considering your Surfside home equity building options. Your financial advisor is the one to consult for these matters. If you would like up-to-the-minute information about Surfside home appreciation values in your area, please call or E-mail me today.

Surfside INFORMATION

The Internet makes it easy to get Surfside information online from dozens of Websites that all have the same data. Beyond information on the Internet, experienced real estate agents and brokers who know the area well will be able to fill you in on details that usually do not show up on these online data bases.