Tuesday, December 03, 2019 / by Andy Mandel
A low appraisal can ruin a transaction, but it doesn’t have to. Here are some solutions that may work.
Whether you’re buying or selling a property, an appraisal is going to be part of the process. It’s ordered by the bank who is giving the mortgage to a buyer. They will hire a completely independent third-party to come out to the property and take note of the upgrades in the home, the condition, and the location.
Then the appraiser will look at what has sold in the last six months in a similar area with similar square footage. That’s when they’ll give their appraisal of what they think the property is worth.
You really don’t want to pay above an appraised value as a buyer.
If you buy a home for $400,000 and the appraisal comes in at $375,000, what do you do? Here in Florida, the deal is contingent on the appraisal matching the sale price. If the appraisal comes in low, this means you have to renegotia ...
Thursday, November 21, 2019 / by Andy Mandel
For more info, pricing, & pictures: http://bit.ly/2KHSYyi
Immaculate 4 bedroom home on one of the largest lots in the community! No HOA or membership fees! Split floor plan w/ HUGE Master bedroom featuring a sitting area, perfect for nursery or office. All bedrooms are very large. Brand new roof (2018)! Remodeled kitchen w/ wood cabinets & granite counter tops opens to a large Family Room. Multi-zone surround sound throughout the house. Large dining room fits 12+ people. Bonus game room off the family room. HUGE laundry room has tons of built in storage, a 2nd pantry, and large folding space. XL 2 car garage. Accordion shutters on all openings for hurricane protection and low insurance. Brand new solar heated pool (2018). Extensive landscaping throughout the XXL yard provides privacy and a tropical feel w/ tons of green space for kids or pets.
Friday, November 15, 2019 / by Andy Mandel
Among the most common mistakes buyers make during their home search, the biggest of all is failing to get pre-approved by a lender. As exciting a time as it may be, not getting pre-approved before starting your search is putting the cart before the horse.
In some instances, buyers that bypass the pre-approval end up looking for homes in price points well above their affordability. In other cases, when buyers meet with a lender, they’re surprised to learn that they can afford much more than they thought.
A lender will look at the totality of documents needed to apply for a mortgage. By doing this, they’ll be able to make an upfront determination so that when you go to write an offer on a home, there’ll be no uncertainty around whether or not you’ll receive approval.
If you’re self-employed, for example, a little more documentation will be required for the approval process, so speaking to a lender in advance will serve you better ...
Friday, November 01, 2019 / by Andy Mandel
For more info, pricing ??, and photos ?? visit: http://bit.ly/2Px9gwT
4 Bedrooms + Office/5th bedroom! Remodeled waterfront home w/ private courtyard entrance & separate guest cottage on wide Intracoastal Lot. Kitchen and baths renovated in 2018. Heated pool was just remodeled in 2019 featuring beautiful new glass tile & infinity-edge waterfall. Great in-town location walking distance to shops & great bars & restaurants. Only 3-blocks to the ocean. Shared 100' boat dock w/ private 14,000 lb lift; 40-kw generator; LED lighting throughout; central vac; Marble flooring downstairs with 28 foot ceilings. Spectacular master bed and bathroom suite. Panoramic water views from second floor private deck. Guest house features 1 bed, 1 bath, kitchenette, and HUGE walk-in closet. Private beach behind pool. Key West resort-style living in the heart of the Palm Beaches!
Looking to buy? Search all homes for sale: http://bit.ly/2Vxuriy
Thinking of selling? Get a home val ...
Friday, October 18, 2019 / by Andy Mandel
Best deal on a 4 bedroom house in the Coral Creek area! Walking into your soaring high ceilings, this house feels huge! Kitchen features an eat-in area and has been updated with granite counter tops & newer appliances. Washer & dryer inside the house. New tankless hot water heater! Separate formal living, dining, and family rooms. Featuring a split bedroom plan for privacy. XL Master bedroom has separate his & hers closets, oversized vanity with 2 sinks in the master bathroom, and a separate shower & tub. Guest bedrooms all very good sized. Enjoy your paver brick patio and fenced in backyard - perfect for children or pets. Oversized 2 car garage. Hurricane shutters for low insurance & hurricane protection. Seller wants offers - make this house yours!