|Posted on April 29, 2020 at 5:20 PM||comments (0)|
The coronavirus outbreak has us all a bit confused. The economy has slowed down to a crawl. The government is not sure how to properly tackle the outbreak, and travel is quite limited. So, once you consider all of these factors, is buying a home in the wake of the new coronavirus outbreak even possible? Well, yes. But, it is far from easy. So, to help you tackle this difficult task, we are going to go over the key points that you need to keep in mind.
Understanding the COVID-19 outbreak
To figure out how to deal with buying a home in during the coronavirus outbreak, we first need to wrap our minds around it. After all, the whole COVID-19 outbreak is quite a complicated subject. This is why in order to make a smart real estate investment, you need to have a good idea of what its impact is.
As of the time that this article is written, almost all of the non-essential jobs in the U.S. are closed down. And, while a substantial number of them are running since companies can function with at-home workers, the majority of them are not creating any revenue. Just take into account the fact that 22 million Americans have filed for unemployment benefits. This should give you an idea of how the situation is shaping up. Now, it can be hard to put into perspective how this will influence the overall U.S. economy. So, here is what you need to keep in mind.
First, the price of homes is still stable. According to housing market reports, not much has changed since the coronavirus outbreak, both for selling apartments and residential houses. So, if you plan on buying a home in the wake of the new coronavirus outbreak, expect to pay a regular price. The notable difference is with rent prices, especially for commercial spaces. Since numerous small businesses have closed down, there is a significant number of vacant commercial spaces. And, the bigger the offer, the lower the price.
Real estate trends
One of the recent trends we've definitely noticed is people looking for homes that are further away from larger cities. The coronavirus outbreak has shown us how fragile our society is. And, how stressful it can be to be stuck in a small apartment for weeks. So, it should come as little surprise that people are turning towards larger, cheaper homes with sizable backyards. Add to that:
• The increase in internet speed.
• A larger presence of work-from-home jobs.
• The increased self-sustainability of homes.
• A calm and quiet lifestyle.
• The overall cheapness of homes that are further away from the city.
…and you can easily expect that more and more people are going to turn towards homes that are further away from large cities.
When it comes to buying a home in the wake of the new coronavirus outbreak you need not worry much about health. Just follow the safety measures that the state outlines, and you'll be trouble-free. This is important to remember when moving. Remember that wearing a facemask and keeping your hand clean is all you need to stay safe. So don't waste money on disinfectant in order to clean your items. To learn more about safe moving procedures, verifiedmovers.com is a great place to learn about that. Just remember to clean your new home before unpacking.
How to go about buying a home in the wake of the new coronavirus outbreak
So, how are you to go about buying a home in the midst of this coronavirus outbreak? Well, the actual procedure of buying and selling a home is pretty standard. You work with us to connect with a decent Realtor and start looking for a home. The only limitation is that you will have to deal with most of your preparation and house-hunting from home.
What to expect
Since the housing market is pretty much unaffected by COVID-19, you should expect about 8-12 months of house-hunting before you find a suitable home. This, of course, depends on many factors such as the neighborhood where you are looking in, your budget, and luck. But, if you want to stay on the safe side, you can expect about 8-12 months of looking.
Luckily, this means that if you start looking now, by the time you find a home the coronavirus outbreak will be over. Even in regular circumstances, you would first spend months coordinating with your agent and looking online. So, the fact that you are dealing with this during the COVID-19 outbreak shouldn't pose too much of a problem. If, on the other hand, you find a home and want to visit it, you will need to coordinate carefully with the current owner and with your agent. Safety should be paramount. So make sure that you follow safety regulations during the open house.
Finding a good real estate agent
In order to find a decent home to buy you need to have a decent real estate agent helping you out. So, once you figure out what kind of a home you are looking for and in what area, you need to find a real estate agent to help you out. Ideally, you want to find someone local. Agents that are situated in the area where you would like to buy a home are much better suited to help you. This is because they can keep a close eye on how the local market is doing and can inform you if any interesting offers become available.
Furthermore, since they have more experience, they will be able to help you avoid costly mistakes. We suggest that you carefully talk with your potential agent and see if they fit you. Once you ensure that they are capable and reliable, make sure to book them and put your trust in their expertise.
Wriiten by: Lisa Robert with US Moving Experts
|Posted on March 27, 2020 at 2:05 PM||comments (0)|
If you are thinking of buying a property in Miami city center, then you are on the right track toward finding a beautiful home in a friendly neighborhood. Miami offers great weather, amazing beaches, and interesting cultural diversity. And its centre is no different. With many enticing properties to look at, it can be hard to choose just one home. However, before making a purchase, there are things you should be aware of. That's when our guide comes in. Read on to learn everything you need to know about buying a property in Miami city center.
Finding the right agent
Buying real estate is a complicated procedure. There are many things to have in mind, from finding just the right home in the neighborhood that is to your liking, to getting a good price and understanding legal documents with their technical jargon. Furthermore, you will need to inspect the property before buying. Repairs could be in order, and negotiations with the seller on various aspects of your contract are far from being uncommon.
That is why working without a trained professional could easily come back to haunt you. Get started on finding the right agent for you before doing anything else. This agent will help you right away with narrowing down your search. Even if you have already found a neighborhood that seems perfect, it is a part of a real estate agent's job to research neighborhoods, so that he or she may supply you with additional (potentially off-putting) information. Of course, when the negotiations and contracts come into play, the agent's assistance will be invaluable.
Here at Top Agent Rebate, we have a long contact list with some of the best agents in the country that can connect you with a top agent in Miami. Apart from offering a substantial service, these agents will also rebate you 15% of the commission. And when it comes to real estate commissions, 15% is not a percentage that should be disregarded. Even without this attractive rebate, working without an agent isn't something that we would recommend practically to anyone, and with 15% of the commission - there is really no reason to buy property without professional assistance.
Getting help for your move
After finding a perfect property in Miami city center, it is a good idea to schedule your relocation with professional movers as soon as possible. If you have not moved before, you may be thinking, "Why would I need any help with moving?" Well, there are actually numerous reasons. The biggest advantage of working with professionals is that the sheer amount of work will be lesser. There are many things to have in mind when moving, packing and shipping being the trickiest to pull-off. And the best movers in Miami, working for miamimoversforless.com, will help you with everything.
That includes transporting household items anywhere in Miami. Some such items, especially the larger ones, are usually very hard to transport. If you have, for example, a piano or a pool table, you will find that moving them to your new home will require some work. Such items will need to be disassembled and carefully protected, which is something that good movers have plenty of experience with. But, that is just the tip of the iceberg. With the help you will get with packing and shipping (you won't have to find a moving vehicle of your own, for example), the professionals are bound to save you lots of time and nerves.
Finding the right home
Even though you may have found a great home, this decision is still not the one to be taken lightly. Buying a property in Miami city center could turn out to be a bad experience for you if you have not considered your options diligently. Of course, your real estate agent will help you by working with you in order to find a home that accommodates both your financial situation and your needs. However, this does not mean that you should not think about your options, too.
Consider your finances first. The average price for a home in Miami is around $350,000, so you may have to settle for a worse property that you can renovate later (certainly a better option than to buy outside your price range). Of course, your financial situation will also determine the type of property that you will buy. As a general rule - the larger the property, the more you will have to pay, although there are exceptions to this rule. Whatever you decide, know your financial limit, and work with your agent in order to find a neighborhood that is pleasant to live in.
An essential part of buying a property in Miami city center (or anywhere else, for that matter) is a home inspection. Again, a good agent will guide you safely through this process, but it is still useful to know what to expect. A home inspector will analyze all the integral aspects of a home - the electrics, the ventilation and heating systems, the plumbing, and so on. The goal of this inspection is to determine if everything is working properly and, if so, for how much longer are these systems expected to be operable. That way, you will know if anything will need to be replaced or repaired soon, allowing you to plan your finances more precisely.
When it comes to Miami, the biggest concern is related to mold and the possibility of water intrusion. Due to the subtropical climate here, the buyers in Miami are rightfully concerned that moisture could cause problems, so this is one of the most important things to have in mind during the inspection. Apart from that, we also recommend that you check the property for wind mitigation, as the stability of your home is crucial due to the possibility of a hurricane endangering your property.
Of course, these are just the basics of buying a property in Miami city center. Going through everything in detail would require a much longer article; however, with the right agent, there won't be much to worry about. If you are still not sure, look at our testimonials, choose an agent and embark on your home-buying adventure. Good luck and we wish you many happy moments in your new home!
Written by: Lisa Robert with US Moving Experts
|Posted on March 20, 2020 at 3:35 PM||comments (0)|
Selling your home for a decent profit is never an easy thing. The first thing is, always, to find a decent real estate agent in your area to help you out. And, once you meet that agent, they are bound to point out that certain improvements can increase the value of your home. So, in order to help your home selling become more lucrative, we are going to go over certain valuable home improvements and how to go about implementing them before your next sale.
What you should know about home improvements
In essence, there are two reasons why people improve their homes. They either want to improve their living condition in that home or they want to increase the value of their home in order to sell it. Now, the key thing here to keep in mind is that you cannot do both. If you want to improve your home in order to sell it, you need to forgo thinking about how living it would be for you. Remember, your goal here is to make as much money as possible. Not to improve your home to its best condition. So, when thinking about valuable home improvements, you need first consider whether they will be worth the money spent, and only then implement them.
Our pick of most valuable home improvements
Now that we have that cleared out, we can go over our pick of the most valuable home improvements. The improvements we will outline are not a must, by any means. They are only options that you can go over with your real estate agent and see if they fit your home. With luck, they should give you an idea of how to improve your home and get a much better deal for it.
Repainting is easily one of the most valuable home improvements you can tackle. There is hardly a home out there that couldn't use a new coat of paint. So, before selling yours, make sure to go the extra mile and paint it beautifully. You can learn how to declutter your home before repainting it on websites like verifiedmovers.com. Remember, the color of your home can play a big role in how potential buyers perceive it. So consult with your real estate agent, or even better with an interior designer in order to find the right colors.
Kitchen renovations are always a good way to increase your home value. But, they can be expensive, which is why you need to be quite selective about the elements you are going to improve. Our advice is to contact a reliable local contractor and consult both with them and your real estate agent. Just like the trick to making your Florida relocation fast and simple is to hire reliable local movers, you need professional help in order to make your kitchen renovation cost-effective and fast.
Bathroom renovation (universal access)
The same idea goes for bathroom renovations. The only difference is that you can consider making your bathroom universally accessible. This means including walk-in showers, making your bathroom wheelchair accessible and putting in support bars. Even though this may seem redundant, a surprising number of buyers are quite interested in having such bathrooms, especially when it comes to family people.
Door replacement, on the other hand, is an inexpensive way to easily boost the value of your home. By simply getting a new garage door and a new front door, you will see an increase in your home's value. This is because doors are one of the first things people notice when looking at homes. Therefore, their first impressions are, in large part, based on how good your doors are. So, do yourself a financial favor, and install a gorgeous door before selling your home.
Organizing front yard
When speaking of first impressions, we need to mention the front yard. A well organized and properly maintained front yard is a must for any home seller that wants to find potential buyers. So, if your front yard is not looking up to par, make sure to organize your front yard. Ideally, you want to figure out who your buyers will be. A family person is looking for a different home, and therefore a different front yard than a young professional.
If you want to sell your home to a family, you can implement family-friendly decorations like swings or safety measures. On the other hand, if you are targeting young professionals, you need to make your front yard seem easy to maintain. All in all, the more you can think like your buyer, the better you will design your front yard.
Smart home gadgets
Having a smart home is one of the surest ways to increase your home value. Modern home buyers love having smart home features in their homes, and the more of them you have, the easier it will be to sell. Unfortunately, some smart home features like smart grids and modern insulation can be quite costly. But, there are some that don't cost much and yet add quite a bit of value to your home. Among the ones you can implement are:
• Smart locks.
• Modern security systems.
• Wireless light controllers.
These improvements are both inexpensive and quite flashy to present during the open house. This makes them ideal for increasing the value of your home.
Installing a wooden deck
While wooden decks might not be cheap to install, they are certainly a cost-effective way to increase the value of your home. They are one of the current real estate trends, and can easily yield you a return of over 80%. Now, they are a trend, which is why there is no telling if they are going to remain popular or not. But if you plan on selling your home in the near future, they are definitely worth considering.
Written by: Lisa Robert with US Moving Experts
|Posted on March 15, 2020 at 7:10 PM||comments (0)|
There is a variety of different reasons why someone might choose to move to Florida. Your main draw might be the pleasant climate all year round or the relaxed way of living most Florida communities have in common. For others, it will be its vibrant economy and the lucrative job market. In recent years, many companies have actually moved their headquarters or production into the Sunshine State. No matter what the reason for your move may be, if you are set on buying a place in Florida, you will need to think about where exactly you should move. Most people will be drawn to one of its major metropolitan areas like Orlando or Miami. However, here we would like to consider the benefits of buying a suburban home in Florida. Whether you are moving on your own or with your whole family, the Florida suburbs are sure to feel just like home.
Why opt for the suburbs?
Depending on where you are coming from and what you are used to, it can be quite difficult for some people to make a choice. Is it better to live in a big city or live in the suburbs? Obviously, this decision also depends on your needs and financial resources. You also have to consider what is important for your quality of life. While cities can hold many drawbacks once you are actually living there, the suburbs are more likely to fit the bill for most people nowadays. Being in the vicinity of a major metropolis will provide you with all of the perks that come with city life. At the same time, it will keep you clear of the daily chaos.
The benefits of buying a suburban home in Florida
1. More space for less money
Living in Florida is already more affordable than most other states because of the lack of a state income tax. So not only do you get more money for your work, but you also get to spend less of it on housing. This is particularly true of the suburbs. There, you will be able to afford a larger place for the fraction of the money you would spend elsewhere.
If you have been dreaming of a big yard for Sunday barbecues, the Florida suburbs make those dreams a reality. You won’t even have to worry about the move itself. Affordable companies like City Movers will take care of all those pesky details for you, leaving you to simply enjoy your new neighborhood.
2. The calm
If you have spent your whole life living in the city, or you know you will continue to work in one, the peaceful suburbs will provide a welcome change of pace. Life is much calmer and slower outside of big cities. This is one of the crucial benefits of buying a suburban home in Florida. Even if you have to commute to Orlando or Miami every day, you will still be able to unwind in your spacious home. You will surely not miss the noise and the pollution of a big city.
3. More conducive to a family life
If you are moving with your family and are still raising children, one of the benefits of buying a suburban home in Florida will definitely be the lower crime rates than those of cities. For the most part, you can put your safety concerns to rest if you live in the suburbs. Not only is it safer in general, but there is also more space. Your young ones will be able to have fun and feel free in an environment that you have control over. Playing in a city park and playing in a suburban cul-de-sac are two quite different things. Furthermore, the additional space will allow for comfortable living for all of your family members.
Organizing the move
Once you’ve made your decision about the suburbs and have researched all of the benefits of buying a suburban home in the Sunshine State, you can start planning your move. If you are moving within Florida, you may feel tempted to deal with the entire move yourself. This may seem like it is saving you money, but in reality, you will still have to spend some on your move, in addition to the time and effort you will have to put in as well. Why go through the hassle when transporting household goods anywhere in FL is someone’s actual job?
This is particularly true if you are moving from out of state. There is so much to think about during a long-distance move. You really do not want to add packing and transport to your plate. Moving to suburban Florida should present a new chapter punctuated by peace and calm. Stressing about the minutiae of moving will do nothing to help usher in this new era of your life.
What are your choices?
According to recent research, the best place to buy a home in Florida is not in Orlando or Palm Beach. It is actually in the small town of The Crossings, about 20 miles south of Miami. Another website made a list of the 2019 best suburbs to buy a house in Florida. It highlighted places such as Connerton, St. Augustine South and Lakeland Highlands. These are some of Florida’s hottest real estate markets. All of these suburban areas boast a high quality of public schools, affordable housing and populations that rarely exceed 10,000 people. Before you make your decision, take a look online. You'll be able to see which of these places offers most of the amenities you absolutely cannot live without. Most of these are actually quite close to Miami, Tampa or Orlando. So, even if there is something that you cannot get within these small towns, it will still never be too far away.
Written by: Lisa Robert with US Moving Experts
|Posted on February 21, 2020 at 5:20 PM||comments (0)|
Buying your first house, apartment or commercial property is a big step. And even if this isn't your first time, it is still something that will require your complete devotion. We are talking about a large amount of money, and investments such as this one are certanly not something any of us should play with. Focus, devote your time and energy to finding the best solution possible and make this whole process safe and smooth. There is no way around it. It will be stressful, it will cost you a lot of money, but – if you play your cards right, you will end up with the best deal possible. The same goes if you are planning on selling your property. You won't be investing your money, but you will want to get as much money as possible once you close the deal. That is why having the best professional on your team is so crucial. Your realtor should guide you through this process, get you informed and help you come to the best decisions you possibly can. Here are 7 things to consider when choosing a realtor (or a real estate agent).
Even though the most educated realtor isn’t always the best one, you should definitely consider their credentials. Your realtor professional needs to be well-educated, licensed by the state, reliable and knowledgeable. Specialty trainings and further education always come in handy, and even though they will not guarantee you success, they will certainly bring you one step closer to it. Devoted agents and realtors who are serious about their careers will do everything that they can in order to further their education and expertise by attending seminars and getting certified.
It doesn’t really matter if you are planning on selling or buying a property, either way – we are talking about large amounts of money. And you will want this deal to go smoothly and without any trouble. You need to be focused and well informed before making any deals. And that is something a reputable agent (or realtor) will do for you. Reputable professionals aren’t out for their commission checks (at least that isn’t their sole goal). They care about their career, reputation and – their clients. These professionals will do everything that is in their power to help you as much as they can, provide you with the best experience possible and make sure you get what you were looking for.
Hiring a professional from another county might seem like a good idea. You got referred to them, or you found them online. No matter the reason or way you got their contact info, we advise you to think twice before hiring such a professional. Your best chance at getting the best deal possible is hiring a local agent. They know the real estate market in your area. They will also provide you with the most valuable insight that will help you make the right decision later on.
Local agents are also quite familiar with other realtors – they communicate and do business with them on a daily basis. This might seem like something that doesn’t really matter, but it is actually something that helps match buyers with sellers in no time. And you know what they say – time is money. And another bonus of hiring a local professional – meeting in person will be much easier. Talking to your agent over the phone is something that will happen either way, but having that eye-to-eye talk once in while is always a good idea.
Newspaper ads won’t cut it this time. It is a modern world out there, and in today’s world, as it is, most real estate journeys start online. Most sellers and buyers start their research on the Internet, and when it comes to real estate professionals – they need to be the same. The best possible option is if your agent is tech-savvy, knows how to use every tool at his or her disposal and by doing so is able to provide you with the best result possible.
We are all super busy. And so are real estate agents and realtors. However, you will want the person you hire to be available. Coordinating times and working busy schedules isn’t always simple, or easy, but – it is possible. The good news is that real estate professionals don’t usually work a nine to five schedule, and are almost always flexible. That is why you should look for an agent that is willing to meet with you day, night or weekends, depending on your needs. Dealing with real estate projects isn’t something that you’ll do during your lunch break, and you should definitely hire someone who is able to work with you.
This one seems quite obvious, but it is actually either a selling point for most people looking to hire an agent or is something that people don’t even take into consideration once they look up the agent they are interested in and they find their credentials, successful projects and sales. Communication skills are important. Real estate is all about negotiating and having a true professional by your side when trying to close a deal will help you achieve your goals (no matter if you are trying to buy or sell a property). Just like when trying to choose the best available assistance for your move, you need to consider every angle before making any final calls.
The extra mile
Is your real estate agent (or realtor) ready to go the extra mile in order to provide you with the best result possible? Try to find an answer to this question, and you’ll know if you've hired the right person for the job or not.
Ana Crank is a world traveler, blogger, explorer and a full-time employee at bluebellmovingandstorage.com. Her area of expertise is everything real estate and moving-related, and her main goal behind writing is making sure that her readers find these articles informative and interesting.
|Posted on February 13, 2020 at 4:10 PM||comments (0)|
Just like any other, the commercial real estate market is affected by recurring trends. To determine the best places for commercial real estate investments in 2020, one must first understand those trends. Next, it is important to get familiar with the criteria that make a certain market a good place for commercial real estate investment. Finally, it is advisable to utilize every available resource making the search faster and fruitful, not to mention resulting in a favorable transaction. In the following article, we have discussed all three points.
Trends that affect the commercial real estate market
Even though investors can choose out of several types of commercial real estate, the available budget will help them narrow down their choice. To those with more limited investment funds, experts advise starting with multifamily complexes or industrial spaces. Those two types of commercial real estate are more affordable than retail and office spaces. Another noteworthy point regarding your investment budget is to understand how real estate agents are compensated so you can get the best of the deal. Once you get familiar with trends that affect the commercial real estate market, it becomes much easier to determine the best places for commercial real estate investments.
The most important factors
The factors that directly impact the market attractiveness for commercial real estate investments are
• Commercial growth
• Urban development
• The cost of conducting business
• The tourism industry
• The cost of living
• Quality of life
• State of public infrastructure
Commercial growth affects the demand for commercial real estate, especially if we take into account the relocations of major companies. Moreover, the development of the cities' business districts is also boosting the market's appeal. When it comes to the cost of business, things are pretty clear. Logically, companies will move into the cities with the lower costs of running a business. Commercial real estate also depends on the tourism industry as it offers significant growth potential.
Aside from the factors affecting the ease of doing business in a market, three more factors are tightly related. They are linked to employees that every business needs. Quality of life including the living costs will greatly influence the availability of workforce. Investment in public infrastructure has a vital role as well. For example, if you need junk removed after renovating your facility, it is more likely you will find it in a city with good quality communication and transportation systems. A city that invests in electric systems, modern-day technologies, and public transit will attract businesses more easily.
Criteria determining the best places for commercial real estate investments
Five important principles make the basis of a good market for commercial real estate investment.
1. Low unemployment is a sign of the job market with the likely need for new retail and office spaces.
2. The low purchase price is highly beneficial. It implies that there are properties available below market worth, such as commercial foreclosure properties or properties that require renovation and are sold with a discount.
3. The higher the rent prices, the better. Rents vary from city to city, so make sure you get familiar with the local asking rent prices. The bigger the difference between renting and purchase price, the higher the profit.
4. High demand for homes indicates a promising market attracting new residents and creating jobs where you can expect a rising demand for commercial real estate space.
5. Low vacancy rates combined with high tenant demand mean higher profit.
While it may be difficult to fuse all these determinants in one single market, the more of these criteria a market incorporates, the higher the return will be for investors.
The best commercial real estate markets for overall investment and development in 2020
On average, a slow but steady growth of the commercial real estate market is to be expected in 2020. However, to get a better deal from a real estate agent and higher profits long-term, you should hunt a suitable commercial real estate in a progressive market. Such markets and, thus, 15 best places for commercial real estate investments in 2020 include
• Atlanta, Georgia
• Austin, Texas
• Boston, Massachusetts
• Charlotte, North Carolina
• Dallas, Texas
• Denver, Colorado
• Houston, Texas
• Las Vegas, Nevada
• Los Angeles, California
• Minneapolis, Minnesota
• Nashville, Tennessee
• Orlando, Florida
• Phoenix, Arizona
• Raleigh, North Carolina
• Seattle, Washington
While different in so many ways, these cities have a few things in common. They all share an increase in the number of residents and jobs. Local major companies and industries are leading the economic expansion in these areas.
Resources helping you find the most suitable commercial property
Now that you know which locations are worth of your attention, focus on resources that can help you find a suitable commercial property.
One option is to browse one of the many commercial real estate listings sites. Finding the best investment opportunities has become much easier with platforms such as Quantum Listing, Spacelist, LoopNet, Ten-X, and others. The majority of those platforms allow users to browse free of charge, their search engines list different types of commercial properties and provide useful data analytics.
Also, note that you can influence a real estate rebate with the help of Park Place, the industry leader in the real estate referral business. They will use the data you provide them to conduct research and select a top real estate agent in the specified market. That real estate agent will rebate you back 15% of the total real estate commission through the affiliation, saving you a significant amount of money.
One doesn't have to be a high-class economist to foretell the future of a commercial real estate market. However, it is important to thoroughly research the trends as they are showing some surprising results. While prime business centers are currently safe spots for investments, up-and-coming cities will outperform them in the foreseeable future. This is due to the many new opportunities for investment in places with high growth potential and more attractive costs of conducting business. Finally, those who team up with an expert real estate agent and select a prosperous market for commercial real estate investment based on careful study are bound to make high profits.
Written by: Lisa Robert with US Moving Experts
|Posted on January 24, 2020 at 6:25 PM||comments (0)|
Whether you are in the process of buying or selling a property, you will inevitably have to deal with closing costs. And the best way to do so is to know exactly what you are up against. For this reason, we have listed everything you need to know about closing costs in Florida. After going through these points, you will be well-informed and ready to tackle this important real estate element.
The amount you will have to pay for them varies from state to state. When it comes to closing costs in Florida, the final price will depend on both the property and the county it is located in. However, as a buyer, know that you will have to cover most of the fees and taxes. Based on the latest statistics, you can expect to pay from 1.89% to 2.79% of the total purchase price before taxes.
Regarding the average closing costs in Florida
You can expect that the average closing costs in Florida will be 1.98% of the purchase price. At first, this may not seem like much. Howbeit, you ought to be wary. The amount you have to pay can quickly enlarge, especially if you are purchasing an expensive home. Namely, across the state of Florida, the average home costs somewhere between $200,000 and $300,000. So, if you buy a property in that range, you should expect to pay between $1,620 and $2,430 in closing costs before taxes. As you can see, these amounts are not to be underestimated or neglected, especially if you want to have a stress-free relocation to another city. You should also know that the things you are paying for through that amount include accounts for appraisal, settlement and recording fees, along with title insurance and flood certification. The latter is required by the state.
Additional fees that concern you include a fee for documentary stamps (doc stamps), which is a percentage of the sales price, as well as taxes. The ones that you are most likely to be a subject of are property and transfer taxes. After you have added those as well, your closing costs would approximately be $5,585.
Who needs to pay closing costs in Florida?
The closing costs in the State of Florida are divided between the buyer and seller. However, it is not an even split. Namely, the buyer is the one to handle the bulk of the fees and taxes. Still, the closing costs tend to slightly vary between counties. Whether you are buying or selling, it is highly recommendable that you have a real estate agent to guide you through the process. Know that you can always turn to us, as we connect buyers and sellers of real estate throughout the U.S. with a top real estate agent to rebate them back 15% of their commission.
How do Florida closing costs compare to the other states?
Florida ranks as the 16th out of 50 states for average closing costs before taxes. This makes the costs among the highest ones. Buyers and sellers in California, DC, and New York have it the worst. On the other hand, Iowa, Missouri, and Nebraska have the lowest closing costs. Take this into consideration if you plan on moving to any of these states. While the help of movage-moving.com will make the relocation easy and swift, it is the aftermath that you will have to think of.
What if you want to buy a condo or co-op in Florida?
Before we delve into the details of this process, we would urge you to think about finding a real estate agent to help you out. And, with Top Agent Rebate, you will have your back covered.
Buying a condo
It is necessary that you qualify for a mortgage prior to purchasing a condo. After you have bought an individual condo, you’ll receive a real estate deed and be held accountable for paying property taxes. Know that condos are regulated by the Florida Condominium Act, while the legislation lays out your rights to the property. It also gives you an “undivided interest” in all the common areas of the building. This means that you will have to pay a monthly maintenance fee or a yearly homeowners association fee. Its purpose is to cover the servicing that regards the areas that are classified under the “undivided interest”. Whichever fee you get to pay, know that it isn't tax-deductible.
The most important thing to understand regarding this sort of investment is that you won't own that physical piece of property. What's more, the best way to describe it would be to say that you are buying into a co-op. To put it simply, you will become a shareholder in the corporation that owns the building. In return, you will get an exclusive leasehold on your unit.
It is safe to say that the large your co-op unit, the more shares you own. In order to finance the purchase of a co-op, you will need to take out a home loan instead of a mortgage. Mind you, a mortgage is a loan that is secured with your property. As the borrower owns the property, he has to pay it off over time. With home loans, however, the lender advances the funds to purchase the property in full.
It is important noting here that the co-op ownership documents in Florida are not consistent across properties. This tends to cause confusion and make the closing on co-ops much more challenging. In certain cases you as the owner will simply get stock in the building. In others, however, you will get stock as well as a proprietary lease, or an “occupancy agreement.
What it comes down to
Closing costs in Florida can vary depending on where you live, the type of property you buy and how much it sells for. While the sellers tend to pay more than they are happy to, the buyers are the ones to cover the bulk of the fees and taxes. And these typically add up to 1.98% of the average sale price.
Written by: Lisa Robert with US Moving Experts
|Posted on January 17, 2020 at 3:55 PM||comments (0)|
House hunting in the area you have lived in is a difficult endeavor. So you can only imagine what buying a home out of state must be like. You don't have an opportunity to physically visit the property, tour the open houses, and get a chance to feel the vibe of the neighborhood during both day and night. It might seem like you are taking a leap of faith, hoping and praying that you aren't setting yourself up for buyer's remorse.
Now, it doesn't matter whether you are buying or selling a home in fall or winter, spring or summer - the prospect is bound to be a lengthy and challenging one. However, there are ways that can help you make it as easy as possible.
For starters, work with a local real estate agent
Working with a real estate agent when buying or selling a property is always the recommended approach. Especially when you are trying to start over in another state where you know absolutely nothing about the local listings. The buyer's agent plays an important role in purchasing a home out of state, as he/she will negotiate on your behalf and ensure you get the best deal. Furthermore, the buyer's agent will frequently e-mail you new listings that will include virtual tours of the house, helping you get a good perspective of what the property looks like.
If you think the process of looking for a reliable real estate agent too stressful and time-consuming, you can always turn to Park Place Realty Network - a company that successfully connects buyers and sellers with a top real estate agent with the goal of getting the agent to rebate them 15% of the commission. What a great way to make moving to a new state simple, easy, and cost-effective.
Attend open houses whenever possible
It goes without saying that, when shopping for a house in another state, you won't be able to attend as many open houses as would usually be the case. That still doesn't mean that you should put your signature on a contract without first having seen the house. That's because the virtual tour could hide many things the owners would not want you to see.
For example, the neighborhood might be a loud and catastrophic one. The roof could be outdated and in need of a replacement, and we all know how costly that could end up being. Finally, nothing will be able to compare with the vibe you will get from seeing a house in person. Do you know that feeling women have when they find the right wedding dress? Or the sensation you get after meeting your soul mate? Aim for the same feeling when buying a house, otherwise, you risk experiencing buyer's remorse. And that's not a situation you want to be in!
Create a list of your dealbreakers when buying a home out of state
The truth is that no matter how hard you try, finding a house that will be absolutely perfect will be difficult. There will always be at least one small thing you will want to fix or change. And that's completely okay and normal - as long as you keep in mind which things you absolutely can't compromise on.
For example, are you set on finding a house with three bedrooms? You should be aware that adding additional square footage to a house is a very, VERY pricey venture. So unless you are keen on spending tens of thousands of dollars, it would be wise to add an item such as this one to your list of dealbreakers.
Moreover, this list will also allow you to attend fewer open houses, and the ones you do attend will most likely be a success. Once a property checks off all of your requirements, it stands a good chance of being THE one. And it is a good idea to do the same thing as a seller. But instead of making a list of dealbreakers, make the one of what you are willing to fix, and what can be negotiated. Knowing what you want always makes everything easier.
Enlist the help of a relocation specialist
Have you ever moved before? Even if your move was just down the block, you certainly remember how difficult it was to pack up all of your belongings and transfer them safely to a new location. Now imagine if you had to move all of those boxes across the state borders! Hey, you might even have to move coast-to-coast, making this move extra hard on everyone involved.
So once you find a house you think is worthy of your family, don't hesitate to enlist the help of a relocation specialist. They can help you with all the moving details, and help you find the perfect movers. They are paid through vendor referrals and not by their clients, meaning their help to you will be completely free of charge. You can't deny that everyone needs some help from time to time and, if there is ever a time you will need lots of help, this would be it!
Don't be afraid to ask the 'stupid' questions
In fact, there are no stupid questions when it comes to buying a home out of state. Your house is probably going to be the priciest investment in your life, and the fact that you are purchasing out of state will make this venture extra risky. That's why you shouldn't be afraid to ask a million different questions as they ensure your safety to an extent.
For example, one question that is a must before closing a deal relates to the amount of the deposit. Depending on the seller and the property, the deposit can range from a few hundred dollars up to 10% of the value of the house. The difference is a huge one. So whether you sense that something is fishy or you are just curious, don't be afraid to ask as many questions as you have. After all, how else are you supposed to buy a property from afar? Because when buying a home out of state, questions are all you might have at first.
Written by: Lisa Roberts with US Moving Experts
|Posted on December 27, 2019 at 3:55 PM||comments (0)|
Investing in NYC real estate is always a risky business. Don't get us wrong though, this concrete jungle has a lot to offer for anyone who is willing to work hard and stay focused. But, dealing with real estate in New York is only for the more experienced investors. The trends, the demands, the values of real estate are always changing. And, to make it here, you need to be competitive and to know what NYC real estate is truly like. So, with that in mind, we will go over some of the most lucrative NYC properties for investment. With any luck, these properties should serve as a good starting point for your further research into NYC's real estate.
Some of the best NYC properties for investment
In order to make money out of NYC properties, you need to realize what NYC is all about. The Big Apple has people from all walks of life living and working here. Therefore, every conceivable type of property can be a good investment, if you know who you are going to be working with. But, there are certain types of real estate investments that tend to be safer and require less on-the-street knowledge.
Renting apartments to young professionals
Although the number of young professionals coming to NYC has declined over the years, it is still high. College graduates, especially ones with a degree in Finance or Law, come to NYC looking for work. And, if there is one thing that they'll need in order to make it here, it's solid housing. Well, this is where you can step in. Investing in apartments that are suited for young professionals is always a safe bet in NYC. Keep in mind that there are certain requirements that these apartments need to fulfill and you need to follow real estate trends in order to keep up with them. But, with any luck, you should have a steady monthly income from your apartment which is a good investment in anyone's book.
Another apartment type that the people of NYC seem to be crazy about is lofts. Our company tends to work quite often with young artists looking for a place in NYC to set up as their home and studio. And, as it turns out, lofts are almost perfectly suited for such situations. Keep in mind that New York is still considered the US capital of art. This is why it should come as no surprise that a lot of artists with ample finances come here to further their careers and develop their skills with other top artists. Therefore, lofts are easily one of the best NYC properties for investment. Whether you choose to rent or sell them during the winter, we have no doubt that you will soon make money out of it.
Flipping family homes
One of the more surprising things we've noticed is that the demand for family homes in NYC is slowly increasing. Up until now, most people chose to move to New Jersey once they planned to start a family. This made investing in NJ real estate a wise decision, as you were bound to find a family looking for a place to stay. But, now, smaller homes in well-off, family-friendly areas are growing more and more popular. Some parts of NYC are slowly turning away from the hustle and bustle of Manhattan lifestyle, and reinventing their neighborhoods into family-friendly communities. So, if you find a lucrative investment in such an area, be sure to give us a call and take advantage of it as soon as possible.
Commercial real estate
Having commercial real estate in NYC is one of the safest real estate investments you can make. But, finding one is truly a stroke of luck. Even if you have proper finance, and we connect you to the best possible real estate agent, you'd have to be really lucky in order to find such real estate. But, if you manage to find a decent commercial space in a good neighborhood, you will easily earn your investment back in a couple of years. There are always businesses looking for commercial space in NYC that is going to provide them with better conditions. And, seeing that there are many moving options in NYC, the actual relocation is easier than ever. Remember, NYC is always changing, which is what makes commercial real estate one of the best NYC properties for investment.
What to keep in mind when choosing NYC real estate
Unfortunately, simply knowing which are the best NYC properties for investment is not enough to make your investment pay off. There are a lot of factors that you need to take into consideration in order to spend your money wisely. Now, we will not go through all of the factors, as that deserves an article of its own. But, we will mention a couple of things that should make finding decent NYC property and dealing with real estate agents a bit easier.
When it comes to NYC, the neighborhood you choose to invest in is as important as it's quality. Even investing in a sub-par real estate property can have surprising returns, if the property is in the right neighborhood. So, with that in mind, you should get to know NYC a bit more before you start investing. Some of the properties we suggest you start with are:
∙ Yorkville, Manhattan
∙ Bushwick, Brooklyn
∙ Bedford-Stuyvesant, Brooklyn
∙ Forest Hills, Queens
∙ Sunnyside, Queens
∙ Woodside, Queens
∙ Elmhurst, Queens
These neighborhoods should give you the best "bang for your buck" as they are currently in development. Therefore, their value is estimated to increase in the following years, which is always a good predictor for investments. Nevertheless, keep in mind that this is only the tip of the iceberg of everything you need to know in order to make a proper NYC real estate investment.
Amanda Covington is a freelance writer that mostly focuses on helping people deal with real estate and moving. She's worked for over 15 years as a reliable writer for companies like Divine Moving and Storage NYC and helped them give insightful advice to anyone changing their home.
|Posted on December 27, 2019 at 3:35 PM||comments (0)|
When purchasing real estate, one of the crucial factors is to get the best possible price. Inexperienced people may often pay more, and saving money in these situations is extremely important. But, when it comes to saving money on real estate, what is the best approach? One of the most successful strategies is to negotiate real estate commissions. The goal of this article is to teach you how!
You are about to learn how commissions work, how to connect with the best real estate agents, and all there is about types of programs at your disposal. Let's begin!
The basics of real estate commission
If you do a little research, you will discover that becoming a real estate agent has its perks. There is good money in the business. One of the most common ways that real estate agents earn their salaries is through commission. It is important that you learn how the commission works because it will give you an insight into how to negotiate a real estate commission.
First of all, only a licensed real estate agent can receive a commission. That is good to know because it puts a certain amount of trust in people with who you work. Next, not all real estate agents receive the same amount. An agent who makes a hundred deals a year will get a better commission than the one who makes 10 or 15 deals. That typically reflects in a higher split towards the agents who have a better percentage of successfully closed deals.
So, if we have a real estate broker who has 10 agents working for the agency, they will calculate everyone's share at the end of the month or on a yearly basis.
Based on that, it is also important to know that all agents charge a different commission. Better services usually cost more, and that is normal. Nevertheless, you can still negotiate a real estate commission and get a good deal. You have area or neighborhood experts, agents who just started working, part-time real estate agents, the categories go on and on. That is why every agent charges a different fee.
Why agents may refuse to negotiate real estate commissions?
Every once in a while, you will run into an agent who will refuse to negotiate real estate commissions. At first, you might think that is not good business, but there are more angles to that story. If we take into consideration that not all agents earn the same, that commission is worth a lot to them. Furthermore, if an agent has a lot of work, he or she will also pass on the bargain since it can be a waste of time. If the money is good, and there are a lot of deals, there is no reason to negotiate, they set the terms.
Also, they might think that the word may spread around the neighborhood, and everyone will know that they are willing to negotiate. That means that everyone can get a lower fee.
Look for homes in a good area
One of the first advice I can give you is to look for homes in areas suitable for negotiations. Crowded cities with high prices are usually not suggested, but that doesn't mean that you cannot make a bargain even there. However, if you look for places in cities where the demand is lower, you might find a better deal. Today we will talk about Deland and Titusville.
Here you will find plenty of beautiful homes at affordable prices. Furthermore, Deland relocation can be fast and simple. When it comes to negotiating real estate commissions, Deland has a good dollar volume, market mobility, and ease of sale. All of those are crucial factors that will help you negotiate real estate commissions.
Another city suitable for negotiations is Titusville. If you are looking for assistance when trying to settle in Titusville, FL, it is essential to get ahold of a good real estate agent. You can do that in a couple of ways:
• research the internet
• ask friends and family for recommendations
• browse the real estate adds
• hire a real estate referral company
What is a real estate referral company?
Even though all of the listed options are useful, hiring a real estate referral company is my best pick. There are many advantages to real estate referral programs, and it is crucial to understand how they work. In simple words, referral companies connect buyers and sellers. If you are looking for a house to buy or sell, you can easily get in touch with licensed real estate agents, and see multiple house listings. These two things are crucial if you wish to negotiate real estate commissions.
Buying and selling at the same time
If you are looking to sell your old place and buy a new one, that is a good chance to negotiate. It is smart to have the same agent for both deals. That way, he or she will realize the potential of a good deal and may be willing to come down on the commission.
Let's say that you are looking for a new home. At the same time, you have a friend who is looking to sell. You can make a deal with your agent to get a lower commission for your deal if your friend signs a contract for his deal with your agent. By referring a friend, you are getting a better price. That is why it is crucial to find top real estate agents in your area.
Look for new agents
Another way to negotiate real estate commissions is to look for newer agents in the business. Since they are "fresh out of school", they may be willing to make deals in order to build their reputation and get some customers.
Staging a home and installing a lockbox
You should do everything you can to help your agent to make a deal. If you are able to vacate the place early, have it staged, and install a lockbox, they can visit at any time. And, it is a lot easier to sell a home wherein no one lives. In return, your agent might agree to negotiate on a commission.
Advantages of an off-peak season
Understand that the demand is lower during the off-peak season. If an agent can make a deal when there are no customers on the market, they will agree to all kinds of negotiations.
Always look for experts
If there is one thing I want you to remember from this article, that is to always look for experts. Agents who know the neighborhood and have a busy schedule are good at what they do. Sure, you can always talk to multiple agents, and go back and forth, looking to negotiate real estate commissions. Nevertheless, do not lose track of what is important. Lower commissions do not always mean better service!
Written by: Lisa Roberts with US Moving Experts