JUST LISTED: $309,000
358 NE 194th Ter
Miami, FL 33179
Special incentive: 1 year of free HOA fees! Seller must relocate; his loss is your gain! Tastefully decorated 2 story home in Aventura Isles built in 2015. 3 beds/2.5 baths + den/loft. Kitchen has stainless steel appliances and granite counter tops. Spacious living room w/access to backyard & patio. Master bath w/double sinks. Tile floors. Washer & dryer on 2nd floor. 1 car garage. Plenty of space for guest parking. Community has 24 hr security, pool lounge, playground. BEST DEAL in Aventura Isles.
There are 3 bedroom/2 bathrooms plus den/loft.
Kitchen has stainless steel appliances and granite counter tops.
Spacious living room w/access to backyard & patio.
Master bath w/double sinks.
Tile floors.
Washer & dryer on 2nd floor.
1 car garage.
Plenty of space for guest parking.
Community has 24 hr security, pool lounge, playground.
Minutes away to Shopping, dining, highways, & much more.
For most people paying for a home in cash isn’t always an option so it’s important to find a mortgage within their means.
The first step to getting a mortgage is pre-approval. You should have a down payment of at least 10%, but these days, some lenders require more. Remember, you don’t have to borrow the full loan amount you’re pre-approved for. Instead, stay conservative and look for homes in a price range that will keep your mortgage payments to about 25% or less of you take home pay for a 15-year note.
The 30-year mortgage was designed to enable borrowers to buy more house than they could afford by spreading the payments out over a longer term. On top of that, those homeowners pay tens even hundreds of thousands of dollars more in interest.
How to Buy a Home and Save Thousands
If you don’t pay cash for your home, get a 15 –year mortgage with at least a 10% down payment and monthly payments that are no more than 25% of your take-home pay.
The difference between a 15- and 30-year mortgage with a 4.5% interest rate on a $225,000 home is $101,000 over the life of the loan. What could you do with $101,000? Pay for your kid’s college? Buy a car? Add to your retirement?
Some sellers are tempted to maximize their profits and avoid paying a commission to a Realtor by trying a For Sale by Owner (FSBO) transaction in the midst of a sellers’ market. They think they can sell easily without any help from a professional Realtor.
However, statistics show that selling your home with the assistance of a professional real estate agent will garner you a higher profit, enough to cover the commission as well as put more money in your pocket.
Serious buyers only shop FOR SALE BY OWNER’S to save a commission, which is probably what the seller is trying to do, hence resulting in a sale price that is significantly below market. The typical FSBO home sold for $210,000.00 compared to $249,000.00 for agent-assisted home sales, according to the National Association of Realtors.
For Sale by Owner (FSBO)
Most buyers shop on line before even contacting a realtor, so aggressive marketing is key! Having earned the prestigious membership in the top elite international real estate network, I know the importance of gaining global exposure to attract more of the right buyers to get the highest price. Our combination of unique marketing to local, national, and international buyers has resulted in some sales as high as 20% over the market value.
Some of the important tools and practices we use but are not limited to are professional photography, aerial tour from a drone, marketing the home like a professional developer with virtual staging (if necessary). A brochure of the home, a pro-active approach to selling by having our team to get on the phone and asking hundreds of people a day if they know someone who is interested in purchasing the property, qualifying the buyers who want to view the home, and special events that actually get traffic!
FSBO’s are also missing out on 25% of the buyers in the South Florida Market. International buyers typically pay top dollar and are cash buyers which means if your house is overpriced you’re going to need cash buyers as it will not appraise.
There is also the fact that FSBO’s are missing out on the power of a third party negotiator. There are many stages of the deal where it can fall apart.
Contact Rebecca Schmitt, from Paz Global Real Estate to discuss your options at (786)216-3557
After two years of rising real estate purchases by foreign buyers, it has slowed down by 1.3% in 2016 according to the National Association of Realtors. However real estate specialist Richard Paz doesn’t think this trend will last. This current trend is due to the global economic slowdown which made the dollar more expensive to foreign buyers. It is expected in the next few years that there will be more global travel and foreign presence. Countries such as China, India, United Kingdom, Mexico, and Canada have been the top purchasers of U.S residential real estate. India and China have two of the biggest economies in emerging markets with constant annual growth which makes them potential clients down the road. Wealthy families from these countries want a place to invest and keep their families in a safe destination. Many of these millionaires also like sending their kids to top U.S universities. Along with sending their kids to school here, real estate comes along with it.
International Investment Properties
Canada and Mexico will most likely maintain their presence in the U.S market due to their proximity and political motivators. The North American Free Trade agreement has motivated many mexican companies to move or open locations here in the U.S. Canadians on the other hand shelter in the hotter estates like Florida during the Winter months and many of them like coming back for Summer as well. The American cities that are currently the most popular amongst foreign investors are New York, Washington D.C, Boston, Miami, and San Francisco while the most popular estates are New York, California, Texas, and Florida.
Preparing to Sell? Here are some Maintenance Tips from Paz Global before Winter
Give you home a new coat of paint:
It’s the perfect time to paint your home and get it ready for the holidays. Open up your windows for ventilation before it’s a full house.
Check your home for Mold:
Given the heat in South Florida in the last few months, mold can flourish due to the humidity. Check your home for any areas that don’t get good ventilation. Selling real estate with mold is not very attractive whether it’s a home or condo.
Inspect your roof:
You might want to check for cracked tiles or shingles on your roof before you find out the hard way putting up those Christmas decorations you like. Whether its moss or lichen, having signs of deterioration is never good.
Make sure there is good airflow:
Check your vents and make sure you change your filter accordingly. Buildup of dust can create a fire hazard and it is also not healthy for you or others.
Check your detectors:
It is always good to check that your smoke and carbon dioxide detectors are working and have new batteries.
Take a look at International Investment Trends
After two years of rising real estate purchases by foreign buyers, it has finally slowed down this year according to the National Association of Realtors. However real estate specialist Richard Paz doesn’t think this trend will last.
