Oct 24, 2016 | BUYER'S ADVICE, MIAMI MARKET CONDITIONS, MORTGAGE & FINANCING
If you’re in the market for a new home, you should know the differences in renting vs buying. Here is a chart, presented by Steve Harney, showing the cost of renting vs buying, historically and now. You’ll notice that the percentage of income needed to...
May 30, 2013 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, MORTGAGE & FINANCING, REAL ESTATE NEWS
Why are appraisals no longer derailing real estate transactions? In South Florida there seem to be two reasons: 1) Appraisals are coming in higher now than they have been in the past few years. 2) Even when appraisals come in below contract price, buyers seem to...
Nov 29, 2012 | GUEST CONTRIBUTORS, IN THE NEWS, MIAMI REAL ESTATE, MORTGAGE & FINANCING, REAL ESTATE NEWS
4th in a 4 part series of blog articles submitted by guest contributor, Philip Spool: “If you are either buying or selling a house and the appraiser comes in lower than the contract price, consider the appraiser’s restrictions if you are getting a loan from a...
Nov 27, 2012 | BUYER'S ADVICE, GUEST CONTRIBUTORS, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, MORTGAGE & FINANCING, REAL ESTATE NEWS
Written by contributing author, Philip Spool, ASA … part of a 4 part series… “Why Appraisals and Contract Prices Don’t Mesh .. Current Appraisal Dilemma”: “Those appraisers that are still in business...
Nov 26, 2012 | BUYER'S ADVICE, GUEST CONTRIBUTORS, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, MORTGAGE & FINANCING, REAL ESTATE NEWS, SELLER'S ADVICE
Several recent appraisal catastrophies almost derailed a handful of home sales for our buyers and sellers. Keeping those transactions on track took effort and creativity. Appraisal issues are way too common! Wondering why? Phil Spool, an appraiser who writes for...
Jun 26, 2012 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, MORTGAGE & FINANCING, SELLER'S ADVICE
Whether you are buying or selling property, knowing what’s it’s worth, helps. Value is determined … 1) From an entirely emotional standpoint … (That would be the buyer who “falls in love and can’t live without”). 2) From an...
