Ray Peckham Real Estate

Surfside Real Estate Online

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 Cycles

What makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Surfside is no different than most, although the Surfside market does have it's own special circumstances.

Want to get a clear and up-to-date picture of the Surfside real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely.

Buying a Surfside Fixer-Upper

Finding the right Surfside fixer upper often involves finding a seller who is in financial difficulty and wants to sell in order to protect their credit or to avoid foreclosure. Various government agencies such as VA, HUD, IRS and others offer homes in foreclosure for sale and these homes can make excellent fixer-uppers. Bank owned properties known as REOs, real estate owned, offer good opportunities since financial institutions want to eliminate their real estate holdings by selling foreclosures quickly.

Join my network of Surfside buyers looking for specific types of properties. Call or Email me today.

Surfside APPEAL

A large part of the appeal of the real estate market in any area is the architecture or the style of the homes themselves. The appeal of Surfside is its appropriateness to the region in terms of style, history and weather conditions.

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.

Surfside DOWNTURNS

Real estate markets are affected by the economy as a whole and in turn, can affect the general economy. Of course, a buyer’s dream is to buy Surfside when prices are low and sell when prices are high. However, real estate is not exactly like other forms of investment and most people become comfortable and attached to their homes and are not interested in selling just because the market is right.