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...
Mar 8, 2012 | BUYER'S ADVICE, MIAMI REAL ESTATE
Sometimes appraisals come in low. When they do, they jam a stick in in the spokes. After seeing a slew of homes, you know what’s out there, you grasp the VALUE … And it’s tough to be at the mercy of the bank and the bank’s appraiser. ...
Mar 2, 2012 | BUYER'S ADVICE, MIAMI REAL ESTATE, REAL ESTATE NEWS, SELLER'S ADVICE
From the MLS description, this townhouse sounds fabulous … but it’s the information that’s missing that concerns me. “SUNNY ISLES BEACH-POINCIANA ISLAND UPDATED 2,650+SQF 4BED/3BA SPACIOUS TWO LEVEL HOME, UPSTAIRS HAS WOOD FLOORING, FEATURES...
Mar 21, 2011 | BUYER'S ADVICE, MIAMI REAL ESTATE, SELLER'S ADVICE
An appraisal is an important step in purchasing your new home. When you apply for a mortgage (to refinance or purchase your home), the bank will order an appraisal. It’s the estimated amount of money the home is worth, based on the analysis of an independent...
Mar 8, 2011 | BUYER'S ADVICE, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS, SELLER'S ADVICE
Mortgage lenders often require 2 appraisals on real estate transactions priced over $1.2 million in Miami. We just jumped that double appraisal hurdle … with a surprising outcome …one I’ve yet to see before . I wonder if anyone else has...
