News & Resources
Blog & Event Archives
Browse through news you can use about South Florida and our amazing Real Estate market.
Staged to SOLD in One Week!
18122 SW 87 Place is a beautiful home in Palmetto Bay, situated on a quiet street on a corner lot. The Restivo Hechtman Team recently staged the home, listed and have it under contract ... in ONE WEEK! The Buyers are thrilled and the Sellers are glad to pass on the home to buyers who are going to love being there. The 4 bedroom 2 bath home boasts new floors, french doors opening to a screened in patio & pool, a fire place, new A/C unit as well as a gas stove, granite counters & stainless steel appliances. The location provides quick access to Deering...
Refinancing in a Nutshell
By refinancing your loan, you can lower your monthly payments. In order to be eligible to refinance you must be current in your payments, and cannot be underwater... and you need to have excellent credit. Whether you go through your existing lender or elsewhere, is up to you. There are a number...
The New Miami International Airport
As one of the busiest airports in the country, Miami International Airport is seeing some much needed changes. The facility has already undergone major upgrades and has more in store. So far, the 1.7 million sqaure foot South Terminal is open and the 3.2 million square foot North Terminal is...
Loan Modification in Simple Terms
What is Loan Modification? It's an inexpensive way to stay away from foreclosure (no appraisal fees, surveys...). Loan modification differs from refinancing (which requires you to have equity). With loan modification you negotiate new terms for your existing loan ... with your current lender...
Deed in Lieu of Foreclosure
Here's a question we were just asked: "A deed in lieu of foreclosure means what?" It means that "The homeowner agrees to relinquish the property voluntarily to the lender by transferring the deed to the property... and in exchange, the lender agrees to cancel the loan." Because the property...
Thanksgiving 2010
From our family to yours .... Happy...
52% of Miami Homes Selling for Cash
52% of all EWM real estate sales right now are cash transactions - and the numbers increase exponentially as we move into the upper price brackets. 2/3 of all of our property sales in the over $1 million category are cash sales. And 1/12 (or 1/13) of all of the closed-transactions in...
IS A LEASE-PURCHASE RIGHT FOR YOU?
THIS IS A QUESTION THAT IS COMING UP WITH MORE AND MORE FREQUENCY THESE DAYS: "IS A LEASE PURCHASE AN OPTION FOR ME RIGHT NOW?" THE ANSWER: IT DEPENDS. YES... IF YOU ARE LEASING WHILE YOU'RE PULLING THE FUNDS FOR CLOSING TOGETHER. NO... IF YOU'RE THINKING THAT MAYBE ONE DAY YOU'LL BUY THE...
Pinecrest Showing Fewer Distressed Sales
In the last 6 months, there have been 81 sales of Single Family Homes in Pinecrest. Of those, 10 were Short Sales, 2 were Foreclosures and 69 were regular sales. Those figures seemingly clash with the figures that Dade County has for Foreclosure and Short Sales, with those accounting for 40-50% of...
Life is for Sharing
[youtube]http://www.youtube.com/watch?v=NB3NPNM4xgo[/youtube]
Freeze on Foreclosures
November 2010: Miami is in the midst of a freeze on foreclosures. The reason? A number of lending institutions (Bank of America, GMAC, JP Morgan Chase and others) along with several powerful legal firms who were handling foreclosures on their behalf (David J. Stern among others) are under...
Bottom of the Market for Miami Real Estate
The experts indicate that real estate prices may well have bottomed-out, at least for single family homes in Miami-Dade. New construction has pretty much stopped and there is very little in the way of buildable land left right now in Miami-Dade anyway. As Ron Shuffield, President of EWM...
Making An Offer On A Home
Once you've found the perfect home, it's time to make an offer. As your realtors, the Restivo Team will draw up a contract with your offering price and any contingencies you want to include. We will review this document with you before submitting it to the sellers. Once the offer is accepted by...
Short Sales and Foreclosures Outsell Non-Distressed Property in Miami
In Miami-Dade County only 1 out of every 3 property sales is a non-distressed real estate transaction. 2/3 of all real estate transactions right now are short sales or foreclosures and 4/10 of all recent sales have been foreclosures. But that is likely to change now. I'll explain why:...
Putting Life in Perspective!
1. Life isn't fair, but it's still good. 2. When in doubt, just take the next small step. 3. Life is too short to waste time hating anyone. 4. Don't take yourself so seriously. No one else does. 5. Pay off your credit cards every month. 6. You don't have to win every argument. Agree to disagree....
WHAT IS an “APPROVED vs. UNAPPROVED” SHORT SALE ?
What does "SHORT SALE" mean? Short Sale means the lender has to accept LESS than what is owed on the mortgage - or the house can't be sold. Homes purchased at the TOP of the MARKET (often with a minimal downpayment and/or with a hefty mortgage) can be tough to sell in this...
