If you are looking for a home:
- with “great bones” and tons of potential for renovations to your taste,
- in a wonderful lush and tropical neighborhood,
- in an great public school district
This home might be the perfect fit.
Upon entering the front door you pass through the formal foyer and to the left is the spacious, sunken living room with fireplace, and formal dining room to the right. Additionally, there is the extra long “great room” with a wall of windows and french doors leading to the patio and pool. As if that isn’t already a ton of living space, there is also a family room off the kitchen as well.
New, large impact windows permit streaming light into the house. The home has a split bedroom plan and all of the bedrooms are large. The private master suite is on one side of the house, which includes a dressing area and bath. Two of the three bathrooms have already been updated.
In the two car garage a temporary fifth bedroom was constructed for a live-in housekeeper, with a full bathroom as well. Plus there is additional parking under an awning outside of the garage or in the circular driveway.
The backyard is simply magical…though it’s ready for a little pruning there are various stone grottos, fountains, archways, and a wooden pathway that winds through the ancient oak trees. In addition there is an open, grassy space for a playground and in the side yard a basketball (half) court. The pool is screened and has a covered patio area, perfect for entertaining out of the sun or for kids to play on a rainy day.
The community of Devonwood is one of the most highly sought-after neighborhoods in Pinecrest. There is a relatively low-cost yearly association and police security surveillance. Contact me here for additional information about this listing or any others you are interested in.
New Year, New Saving! If you purchased your home in 2010, the following information could benefit you, where you want it most…YOUR WALLET.
For any new homeowners out there, I hope you all enjoyed your new homes this holiday season. With the tax season ahead of us, now is the time to file for your Homestead Exemption. This is something every homeowner should do with their primary residence, it being a large discount on your taxes-why wouldn’t you?
You may be eligible to claim up to $50,000.
This exemption is a benefit to you when the end of the year real estate property taxes are calculated. Think of it as Uncle Sam’s gift to you! If you purchased a home during 2010 and it is your primary residence as of January 1, 2011 then you automatically qualify for the initial $25,000 exemption. This amount is subtracted from your home’s assessed value, reducing your taxable amount for ALL taxing authorities. (Your home’s assessed value is determined by the Miami-Dade Property Appraiser Department).
For homes assessed at a value greater than $50,000 you may claim the extra $25,000. However, this will exclude school board taxes.
The deadline to file is March 1, 2011.
All property tax exemption applications and supporting documents are due on or before March 1. It can be filed in person or by mail. Required documents include proof of ownership and proof of Florida residency. Non-citizens will need to provide proof of US Residency.
If you would like to download the application form and view more information on required documents, I have provided the link below.
This Weekend… Hot? Cold? Maybe both!
This Saturday Miami is expected to have some cool weather, but it’s expected to be hot, hot, hot in Cutler Bay. So hot, that our local fire fighters will be there! Chefs will be coming from all over town to participate in the 2nd Annual Chili Cook-off. Residents, businesses, community groups, and even chefs from our fire department will be showing off their secret recipes. Free Chili!
Not a big fan of chili? There will also be contests for the best cornbread and salsa. This is a great event to enjoy with friends and family. There will be live music and children activities. Vote for your favorite dishes and help those hardworking chefs win a cash reward or trophy.
Don’t worry about your mouth watering, there will be plenty of refreshments and other foods available for purchase.
Who: Everyone is welcomed.
When: January 8, 2011 from 11:00 a.m. – 3:00 p.m.
Where: Cutler Ridge Park; 10100 SW 200 Street
Why: Because it’s fun!
Let me know what you think of the chili cookoff.
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.
Another Opportunity to Live in Serenity
This lovely 3 bedroom/ 2 bath Cutler Bay home is located in the Serenity development which is in the north eastern part of Cutler Bay, just south of Palmetto Bay, right off Old Cutler Road. The walled-in community offers privacy and curb appeal and is composed of newer homes. Built in 1998, like other homes in the neighborhood, it was made ”hurricane ready” (post Hurricane Andrew building code) and with an attractive design.
The interior features an open layout with bright living areas, volume ceilings, and crown molding throughout. The eat-in kitchen and breakfast area are spacious, open to the family room. Perfect for entertaining. French doors in the living room lead you to the patio, which is quite charming, currently furnished with a little bistro table and plants hanging from a trellis; the perfect place to have coffee in the morning or watch the kids play in the spacious back yard. The master bedroom and bath are a treat; the bedroom has a walk in closet and access to the patio and there are dual sinks, tub, and shower in the bathroom.
Distinct from other homes in the area, this property is located on an over-sized lot of almost 20,000 square feet! Landscaped, the yard has plenty of room to install a pool and patio, and even a kids swingset. And there is space to park a boat which is perfect considering you are a short drive away from Black Point Marina where you can access Biscayne Bay.
Make Serenity your home.
You may remember I have another listing in on the same street, at 20000 Cutler Court. You can click here to learn more about that home as well.
I can’t tell you how many times I get this question from clients, family, collegues and various others in the course of a week. It is a relatively new concept, only really becoming popular within the last few years, and lately seems to be the situation with a good portion of my listings and those listings that buyers I am working with are interested in buying.
A short sale occurs when a seller’s lender agrees to take a payoff for less than balance owed on their loan. Then they either forgive the remaining debt or ask the seller to pay back all or some of the debt, through a promissory note or cash contribution. When a seller chooses to sell their home in this fashion it is typically a result of a hardship. Home values have plummeted over the past 5 years and that, combined with job losses and a very tough economy overall, have caused many home owners to resort to this option.
There is a common misunderstanding that a short sale is when the bank (seller’s lender) owns the property and has the right to sell it at their terms. That is actually the definition of a foreclosure. With a short sale, the seller still owns the property and ultimately gets to accept or decline the buyers offer. However, since they are asking their lender to take a “short payoff” the bank does get a say in whether they will accept the final number.
After dealing with a multitude of short sales I have become an expert in marketing and closing these sales. It can often take months for the bank to process the paperwork. However, it’s a great option to help a seller avoid foreclosure and preserve their credit as much as possible, allowing for a faster financial recovery. If you or someone you know is considering a short sale, please contact me here. I would be happy to discuss your situation.
Great Deal, Great House!
This spacious 3 bedroom and 2 bath home is perfect for the first time buyer. Placed on the market just days ago we are getting a lot of interest from potential buyers.
10551 SW 122 Court Miami, FL 33186
Location, Size, and Price
Located in the Devon Aire Estates subdivision this home is centrally located and a wonderful place to start a family. Conveniently, The Devon Aire grade school is just steps away so kids can walk to and from school. Devon Aire Park, also just around the corner is a place where neighbors from the community gather and participate in recreational activities. This park offers a tennis court, 3 baseball fields, football field, basketball courts, batting cages, totlot, walking path and more. The neighborhood is not too far from the turnpike turnpike and a brand new shopping center under construction.
Cute home inside and out! The 3/2 features 1,528 sq ft of living area and two living spaces suitable for entertaining. Well equipped for having guests, there is an eat-in kitchen with gas stove and additional living/dining area. Neutral tile plus laminate floors in all bedrooms and family room. The 1 car garage is extra deep leaving some space for storage.
Probably one of the most attractive features of this property is the lot, almost 9,500 sq ft. It has a beautifully manicured lawn, patio and it is fully fenced. It’s perfect for kids, with plenty of room for a swing set and pool.
Priced at $210,000 this home is truly a find!
If you would like to see this home please do not hesitate to contact me.
This year I’m looking forward to attending the Coral Gables Chamber of Commerce Holiday Party.
It’s a great event, open to both members of the Chamber and the community. It will be held Thursday, December 2nd at 5:30PM in the Biltmore Hotel, Country Club Ballroom. Over 25 local vendors are already engaged and will be offering food and beverages for guests to enjoy. Plus this is this a great opportunity to network with business professionals in a festive and cheerful environment.
Probably the most important component of the party is the philanthropic aspect. Each attendee is asked to bring an unwrapped toy for a child or a gift for an elderly individual. These toys and additional monetary proceeds will go directly to deserving charities in the Miami area. Participating charities this year are: CHARLEE Home for Children, Coral Gables Police Athletic League, Family Resource Center, Home Instead Senior Care, Merrick Educational Center and YMCA of Greater Miami.
As Chairman-Elect, I’m happy to be involved in such a fantastic event. Additionally we at Esslinger, Wooten, Maxwell Realtors., Inc are a sponsor. It’s early enough in the month, and on a week night, so it should not conflict with any other holiday parties you are attending. I personally invite you to come out this Thursday and join us at the Biltmore.
For more information about the Holiday Party or the Coral Gables Chamber visit www.coralgableschamber.org.
Want to live in a nice, family oriented neighborhood in Cutler Bay?
This is the home for you.
Located in the neighborhood known as “Serenity” situated between Cutler Cay and Saga Bay, both well known Cutler Bay communities east of Old Cutler, you will find a wonderful 3 bedroom, 3 bath home, custom built in 1997. In addition to the already spacious living room and dining room there is an expansive family room. In fact, it’s so large you could section a good portion off and create a fourth bedroom or a game room, which is how the current owner is using the space.
In addition there is a beautiful open kitchen with granite counters that overlooks the ample family room and eat-in area. The backyard has a screened porch, is fully fenced and is quite large compared to the other lots on the street. Plenty of space to add a pool.
What is particularly special about this home is that it was built to post Hurricane Andrew building code and for that reason is referenced as a”hurricane home.” It’s solidly built and that is a great comforting factor when buying a home so close to the Bay. This is a perfect home for a first time homebuyer or a family that likes the idea of having a large family room where they can spend time together.
For more information about this listing, please contact me here.
Grateful for the year I’ve had thus far. With all of the recent news giving us such bleak reports on the real estate market I’ve found I’m truly lucky to have continued growing my business, even adding a third person to my real estate team, and already surpassing the total volume brought in last year with another month to go.
I would like to thank my clients and everyone who has so thoughtfully given me business over the years. It’s great to be surrounded by such a fantastic network of people who continnually keep me positive and driven.
Happy Thanksgiving and Thank you.