Prices Up and Down

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Blog of Prices UP and Down Prices Up and Down!

Another blogging by Magda Saltzman Realtor

305-868-2141 Email: msaltz9708@gmail.com

It is still a great time to buy in South Florida

Check our website for today’s opportunities

One of my favorite lenders wrote the following article which is quite timely for our area.

Homes under $300000 are still very slowly increasing in price. The main reason is the lack of inventory. Homes is the $500000 range have basically remained flat, with about the same number of buyer and sellers and a 4 month supply or so of homes. Above $800000 the market is mixed depending on the area and type of product condos have had a slight reduction in price over the last -6 months and luxury homes above 5 mils have either been flat or trending slightly down. We at Florida Preferred Mortgage still have jumbos rates in the 4s and mortgages under $423000 can put down as little as 3% on conventional loans.
You are welcome to call them  (Fred MacMartin) at  now at 305-949-8828 to get them pre-qualified.

5 Rookie House Selling Errors

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5 Rookie House Selling Errors

It is an alluring idea to try and sell your property without utilizing the services of a real estate agent. Of course you can do it if you have some knowledge about real estate transactions and save a lot of your hard earned money. However, you must avoid these costly mistakes to save your money when attempting to sell your home on your own.

1.    Setting a Wrong Price

Most homeowners set a high asking price for their property as they want to sell it at a high price. Setting a wrong price makes it very difficult to sell the home even if you are ready to negotiate on the price. This is because many prospective buyers do not come forward with their offers at all as they think the price is too high.

2.    Choosing a Real Estate Agent in Miami  based upon His Fee

You have to pay the fee charged by the real estate agent when you rope him and utilize his services for selling your home. Do not fall to the guiles of inferior quality agents in South Florida  just because they are ready to accept lower fees. You must do a thorough search of the background of the agent before finalizing him.  An experienced real estate agent in South Florida  may charge higher fee but he can also sell your home at higher prices than those who promise a lot but force you to accept an offer much less than you had in mind.

3.    Rejecting Early Offers

It goes without saying that selling a property is a time consuming process that requires lots of patience from the seller. On the one hand it is necessary to maintain your cool and hold on when you start to receive offers, you must also make sure not to reject these early offers outright. You do not expect best price offers on the very first weekend. But do not be rude to early offer makers and keep in touch as you never know if you might have to return to one of these offers finally.

4.    Trying to sell the Property on Your Own

Many homeowners feel that they can sell their property on their own and it is a waste of money to hire the services of a real estate agent. But selling a home is not a joke as it involves a lot of paperwork and formalities. A property dealer knows where to begin and how to iron out wrinkles in the entire procedure. Selling a property through a broker is often less costly than it is when you try to sell it on your own.

5.    Poor Quality Photos in the Listing

It is easy to put off prospective buyers with poor quality photos that you give at the time of listing. Buyers are not impressed with photos that are dull or do not show the property in good light.

Contact Magda today at 305-868-2141 |email: Magda@MagdaSaltzman.com or skype MagdaSaltzman

Search also at www.WaterfrontHomesinMiami.com