Ray Peckham Real Estate

Surfside Real Estate Search / Buyer – Seller Tips

Negotiating the Sale of Your Surfside Home.

Some say that the “Devil is in the Details” and these last two steps are full of details as buyers make offers contingent upon certain conditions being met by the seller and sellers make counter offers in the process of closing your Surfside home. Once there is agreement, however, many details still remain in order to finalize the sale.

Surfside Real Estate Contract Options

The most common type of listing agreement used between sellers and the real estate broker is known as “The Exclusive Right to Sell” Agreement. In this agreement the agent agrees to include the home in the Multiple Listing Service (MLS). The details of a Surfside real estate listed in the MLS are available to all agents and brokers and with the advent of the Internet, MLS listings are shown on the World Wide Web.

Surfside. How Much Should You Offer?

Or more precisely, what does the seller owe on the property. If a seller owes $400,000 on the Surfside real estate he or she is not likely to welcome an offer for $350,000. If you want to negotiate price, make sure you don’t waste your time negotiating where there is no room to budge.

Even if the loan is high, if the seller is in default there is a possibility of a short sale as many lenders will reduce the loan balance in order to move the property. Most lenders do not want to foreclose and manage homes and the Surfside market is no exception.

Buying Surfside Below Market

On most real estate Websites you can enter the parameters you want for your Surfside. Include the price, size, features and location and the technology will notify you automatically the moment a property that meets your needs comes on the market. Now if what you are looking for is a particular type of property for a price that is significantly under market, you’d better be prepared to act quickly because you aren’t the only one who’s looking for a bargain.

Often times, when a home comes on the market priced under the market there are extenuating circumstances. Maybe the house needs maintenance. Maybe the yard needs work. If you are prepared with a certain amount of knowledge about the costs of roofing, painting, landscaping and other types of deferred maintenance, you will be in a position to evaluate whether or not the Surfside is priced well enough that it truly is a bargain and not a fixer-upper nightmare.

Choosing Your Surfside Neighborhood

The fact is that much of the value of Surfside and real estate in general rests in its surrounding economic and social environment, which means it’s neighborhood. In addition to being located in the right neighborhood, the Surfside that you buy must not clash with its surroundings. To picture what we mean here, visualize the most expensive home you can imagine and then place it in the middle of a run down neighborhood. Not so desirable is it?

To sum up, the Surfside that you buy gets its value from a combination of the home’s location and its size, style, age and amenities. You can change the home’s size, style and amenities but you are stuck with the location.

Surfside DEDUCTIONS

One of the advantages of home ownership is that while most other types of interest are not tax deductible, the interest you pay on your Surfside loan is deductible on your Federal and State income tax. This fact alone gives homeowners a distinct advantage over renters.