Archive for the 'Seller Information' Category
14901 SW 87 Avenue
The Village Palmetto Bay is one of the most sought after areas to live in Miami. With top rated schools, a total of six park facilities, and a recently completed library, who wouldn’t want to live here? One of our listings in Palmetto Bay is located at 14901 SW 87 Avenue. This beautiful and updated 4 bedroom and 2 bathroom home is over 2,400 square feet, and is located just a few blocks from Coral Reef Elementary, and other A-rated schools in the area. Just a short bike ride to Coral Reef Park, the Dade County Public Library off of Old Cutler Road, or a picnic at the Deering Estate. The kitchen has been updated with granite counter tops, stainless steel appliances, and wine cooler. This is the ideal home for entertaining. Perfectly situated on a 16,207 square foot corner lot, this home has a great yard with a pool, a two car garage, beautiful landscaping, and room for a boat. Tile and wood floors throughout add to the qualities that make this home perfect for any family looking to live in the friendly neighborhoods of Palmetto Bay. This property is listed for $499,000. Please click here to view more photos of the property. If you would like more information about the property, please click here.
Interested in scheduling a showing for this listing, or wondering what your home might be worth? Please contact us and we will be happy to help you with all of your real estate needs.
1519 Granada Boulevard
Granada Boulevard is one of the most sought after locations in Coral Gables. We can’t tell you how often we see people walking down this Oak-shaded street when we are passing by on our way to showings. In our opinion, Granada Boulevard is the epitome of traditional Coral Gables. Our recently reduced listing located at 1519 Granada Boulevard is unlike most Old Spanish homes in the Coral Gables area. One of the first homes George Merrick built, this 1920’s Old Spanish has four bedrooms and three bathrooms in the main house, plus an additional building on the property that contains a two story two-car garage with two efficiencies on the second floor. Sitting on over 11,000 square feet of tree-filled landscaping, this home boasts over 3,800 square feet of living space, complete with original hardwood floors, French doors, and fireplace. Although perfectly maintained, this home can be updated to support any buyer’s taste. With massive closet space, including walk in closets in the master bedroom, and spacious rooms, any buyer would be lucky to call this beautiful property home! View more photos of the property here. More information on the listing can be viewed here.
Interested in viewing this property, or wondering what your home might be worth? Please contact us to set up an appointment to view or to discuss a complimentary analysis of your home.
810 Lugo Avenue
Last week, my team and I closed on our listing located at 810 Lugo Avenue. The property was listed at $2,400,000. This no bridge to the bay, waterfront home boasted features such as 4,284 square feet of living space, sitting on 11,500 square feet of beautiful landscaping, with 100 feet of seawall, including a dock and boat lift. The home included 4 bedrooms, and 4 1/2 bathrooms, and a 3 car garage with storage room. Marble floors through out, custom built-ins, and stunning volume ceilings made this home any boater’s paradise! This is not the only recent sale in Gables By the Sea that the Drew Kern Team recently sold!
1501 Bella Vista Avenue
My team also recently sold 1501 Bella Vista Avenue in March. This property was listed at $1,250,000. This canal front home offered 4 bedrooms and 31/2 bathrooms. This home also has custom built-ins, and beautiful volume ceilings, with a fantastic floor plan. Looking for some entertainment? This home offered bonus rooms on the ground floor that could work as a game room and gym with lots of storage!
For all of you concerned that you missed out on wonderful opportunities, don’t fret! The Drew Kern Team has another listing available in Gables By the Sea!
13026 Nevada Street
This custom built waterfront home features 5 bedrooms and 5 bathrooms, and was completed in 2008 with 4,585 square feet of living area, sitting comfortably on a 12,000 square foot lot. You will find soaring ceilings in the living areas, including a formal living room with fireplace, and the formal dining room. The kitchen boasts a chef’s paradise with custom mill work and top of the line appliances. Beautiful marble and wood floors throughout. Feel safe and secure with impact windows and doors, along with a surveillance security system. Have breathtaking views with 100 ft of seawall with no bridges to bay and extra wide canal. This luxury waterfront home is listed for $2,995,000.
If you would like to schedule an appointment to see 13026 Nevada Street, or a meeting with me, please feel free to contact me here.
If you will recall my recent post,“New listing in Pinecrest,” I just listed a 3 bedroom/ 2 bath home in Pinecrest last week. After 5 showings and 3 days on the market we had a signed contract in hand. It’s a wonderful house in a great location that I know will be the perfect home for it’s soon-to-be, new owners.
This is just another indicator that the key to selling homes in this market is pricing. When you price a home at a higher price than the market can support chances are it will just remain stagnant on the market. Pricing a home realistically will help everyone save time, money and patience, in the end.
If you are thinking of selling your home and would like to speak to me regarding the market, I would be happy to discuss. Please contact me here.
As you will recall in my recent blog, “What is a short sale?”, I explained the basics of short sales.
Even though it is popular topic in the news, there is still a lot of mystery and gray area surrounding it. So, it’s easy for misinformation to spread. Today I want to clarify three myths I often hear.
In a short sale situation, the bank owns the home.
This is incorrect. That is the case with a foreclosure, which is when a lender has repossessed a home from the owner, as a result of continued loan default, and is selling it in order to recover their loss on the loan. A short sale is when a homeowner decides to sell their home, usually as a result of a hardship like a job loss, due to the fact that they are no longer able to pay their mortgage. In this situation, the homeowner is “upside down,” meaning they owe more on the loan than their home’s current market value. When we go to sell the property the short sale lender has the option to accept or reject a “short payoff”. But the seller still owns the home and they get the final say as to whether they will accept a buyers offer and their lender’s short sale offer as well.
Short sales take up to 1 year to proceed to closing.
Well…sometimes this is true, but very uncommon. It depends on a lot of factors. Every lender is different. Sometimes sellers do not cooperate. And there are a lot of hurdles to get through with a short sale, often times adding to the amount of time needed to get to closing. Though over the last 6 months my team and I have noticed a considerable difference in the speed and efficiency of the process with most lenders. I’ve seen short sales close as quickly as 30 days and take as long as 1 year. Every situation has it’s own set of circumstances and challenges, but if you are patient and have the option to wait, it can often pay off for both a seller and a buyer.
If you sell your home as a short sale the lender will forgive your debt.
This is entirely up to the lender in question. Once they accept the short sale offer, and send the final short sale approval letter, it contains all of the terms of the sale and how the proceeds will be distributed. At that time, they can request the seller pay back a portion of the loan through a promissory note or a cash contribution at closing. Or the letter may state that the debt has been forgiven. It is the seller’s responsibility to make sure they get in writing, from the bank, that the debt is forgiven in it’s entirety. That is the only way they can be sure they won’t encounter additional debt collections down the road.
If you are considering selling your home or buying a home, and you have questions about short sales, I would be happy to speak with you. Please contact me here. I always recommend a seller consult a real estate attorney and their accountant regarding the possible risks associated with this type of sale. It’s not for everyone, but it could be a good solution to your situation.
If the answer is “Yes” then I am sure you will want to attract buyers and receive the highest possible purchase price for your home.
Pricing is crucial in today’s market.
An over-priced home gives the impression that you are not serious about selling.
Although, inventory is progressively decreasing there are still a lot of homes to choose from out there. Serious buyers are aware of this and are doing their homework before making their next big purchase. It is safe to say that an overpriced home will often be overlooked not only by these buyers, but by realtors. Many buyers grow tired and frustrated with available housing, which includes short sales and foreclosures. That being said, a well-priced home that is just placed on the market is most likely to attract the pool of buyers who have been shopping in your neighborhood. These homes will receive lots of activity, including showings and eventually offers. In some cases, if the area is in high demand we have seen bidding. Yes, even in this market homes do get sold over the listing price.
Remember to focus on data and trends and to check your emotions at the door. And most importantly choose a realtor, like myself, to help you sift through all of the numbers and get down to the realistic value of your home. I can provide you with market trends, statistics and recent sales to assist you in determining the correct price to market your property.
If you are interested in selling your home I would be happy to help you with the first steps. Contact me here.
That’s almost unheard of turnaround time.
Most people would like to avoid a short sale if at all possible. I’ve even heard of agents who refuse to show their clients short sale or foreclosure listings because they don’t want to deal with the perceived hassle. But when you have a professional team in place, including experienced realtors and a title company on board from the beginning to facilitate the process, it makes the transaction move much more smoothly.
While it’s true that short sales do require a bit more patience and time they can often be the source of a great purchase, creating fantastic opportunities for buyers.
What has been your experience with short sales? Comment on this story to share your thoughts.
If you have questions about short sales or foreclosures or are interested in obtaining help with your distressed sale or purchase. Contact me here.