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Do you know the value of a Realtor®?

by Kijner & Sons International Realty

Did you know that many homeowners and homebuyers are not aware of the true value a Realtor® provides during the course of a real estate transaction? In deed, many of the most important services and steps are performed behind the scenes by either the Realtor® or the brokerage staff and traditionally have been viewed simply as part of their professional responsibilities to the client. 

 

Kijner & Sons International Realty is thus pleased to share with you a list of nearly 200 typical actions, research steps, processes and review stages necessary for a successful residential real estate transaction and normally provided by a full service real estate brokerage in Florida and for which they are entitled to fair compensation. To download this document courtesy of the Orlando Regional Realtor® Association, please click here

Loan Types to Consider

by Kijner & Sons International Realty

Kijner & Sons International Realty helps you brush up on these mortgage basics to let you determine the loan that will best suit your needs if you are looking to purchase a property in Miami or Sarasota Florida.

  • Mortgage terms. Mortgages are generally available at 15-, 20-, or 30-year terms. In general, the longer the term, the lower the monthly payment. However, you pay more interest overall if you borrow for a longer term.
  • Fixed or adjustable interest rates. A fixed rate allows you to lock in a low rate as long as you hold the mortgage and, in general, is usually a good choice if interest rates are low. An adjustable-rate mortgage is designed so that your loan’s interest rate will rise as market interest rates increase. ARMs usually offer a lower rate in the first years of the mortgage. ARMs also usually have a limit as to how much the interest rate can be increased and how frequently they can be raised. These types of mortgages are a good choice when fixed interest rates are high or when you expect your income to grow significantly in the coming years.
  • Balloon mortgages. These mortgages offer very low interest rates for a short period of time — often three to seven years. Payments usually cover only the interest so the principal owed is not reduced. However, this type of loan may be a good choice if you think you will sell your home in a few years.

Slight variations in interest rates, loan amounts, and terms can significantly affect your monthly payment. For help in determining how much your monthly payment will be for various loan amounts, use Fannie Mae’s online mortgage calculators.

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Source: The National Association of Realtors® (NAR)

Negotiation tips for sellers in Florida

by Kijner & Sons International Realty

Sellers are sick of hearing about how this is a “buyers market.” Homebuyers are demanding so much right now. Here are some tips from Kijner & Sons International Realty to help you take some of the stress out of selling your home in this market.

Don’t mention deadlines for selling your house, even if you have one. Keep it to yourself. Letting others know you are in a hurry to sell gives them the upper hand. Don’t share too much information about yourself and why you’re selling either. That can hurt a potential sale. When asked why you’re selling give a vague and definite answer, and think about it before you’re asked. Don’t hint at your desire to move quickly. Don’t let the buyers know if it’s a divorce sale. That is code for buyers to give a low-ball offer because they know you need to sell quickly.

If you can’t afford the mortgage payments and that’s why you’re moving, try negotiating with the banks. They will generally work with you to lower payments when they know you are actively trying to sell the house. It’s good for the bank if you sell your house in a regular sale, so they may be willing to work with sellers in the Miami or Sarasota Florida areas.

Stop trying to prove that your house is worth buying. Let the house sell itself. You are attached to your house but potential buyers aren’t, yet. So try not to be there, so they can see themselves in the house rather than see you. Plus if you’re not there buyers can’t read your body language and ask you questions that could help them get a good deal on your house.

If you’re truly in a hurry to sell and you don’t have time to convince buyers that you’re not, try offering the agent an incentive. Make an offer short term, like for three weeks, and then you’re not stuck if six months down the line the sale is made.

Having a plan b is also a great idea in Florida. It’s better to be safe than sorry. Expand your options rather than panicking. Renting out the house is an option. Making it known that you have a plan b will let buyers know you aren’t desperate to sell and can take your time. The buyer will know they aren’t the only game in town.

Take back some of the power in selling your house! Kijner & Sons International Realty will help you get what you deserve.

What buyers desire in 2011

by Kijner & Sons International Realty

If you’re selling a home, whether being in Florida, Thailand or Costa Rica, then you should know what the buyers in your area are looking for this year. Buyers today want it all. Having spaces that mix indoor and outdoor living, like patios and decks, and a little luxury with high quality appliances will help give buyers what they want. Buyers want to drive a hard bargain and get a great deal.

Buyers demand a home in well-maintain condition. Buyers don’t want an unknown expense hanging over them after they move in. They would rather spend more to move in at first. Very few people want fixer uppers anymore. Buyers today only have enough money to buy the house, not buy it and fix it up. Having a well maintained house will help you sell your house.

Buyers aren’t going to settle, because they known they don’t have to. They will negotiate to get a better deal. Repairs, updates, cleaning and staging will help you win over potential buyers. Kijner & Sons International Realty can give you a few other hints as well.

It can’t be stressed enough the buyers are very interested in outdoor living areas. Consider screened porches, outdoor kitchens and two way fireplaces. It’s a selling point if your house already has it.

Green features are on the top of buyers lists. Not only because it’s good for the environment but because it’s easy on the wallet. Having energy efficient appliances and triple glazed windows is a selling point.

Open kitchens interest buyers as well. Having an open kitchen in your home can appeal to a lot of buyers. The kitchen is becoming part of a gathering room, and blocking if off doesn’t appeal to new buyers.

Buyers are buying smaller homes and want to be able to use every inch of it. The formal rooms are disappearing. Buyers want rooms they will use all the time rather than a formal room used only a hand full of times a year.

Small touches of luxury are an affordable way to give buyers in Florida, Thailand or Costa Rica, the luxury they crave, without breaking the bank for you. Slightly more expense finishes give the feeling of luxury.

Sarasota Real Estate Market: Sales surge continues in May; condo prices soar

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that according to the Sarasota Association of Realtors® (SAR), a total of 796 properties were sold in May 2011 in the Sarasota, Florida area - the second highest total in the last six years. 546 single family homes and 250 condos were sold this past month with respective median sales prices rising to $159,000 and $218,750 while inventory dropped to 5,010, a significant decrease from last month's level of 5,258. As for pending sales, they dropped to 841.  

To read the full May 2011 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact us at info@kijner.com.

 




June 2011 Housing Trends eNewsletter

by Kijner & Sons International Realty

We are pleased to share with you the June 2011 Housing Trends eNewsletter. Just click on the following link: http://DKijner.housingtrendsenewsletter.com.

This eNewsletter is filled with local and national real estate and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumers articles, and REALTORS.com local community reports.

10 Questions to Ask Home Inspectors

by Kijner & Sons International Realty

Before you make your final buying or selling decision, you should have the home inspected by a professional. An inspection can alert you to potential problems with your property in Sarasota or Miami Florida, and allow you to make an informed decision. We advise you at Kijner & Sons International Realty to ask these questions to prospective home inspectors:

1. Will your inspection meet recognized standards? Ask whether the inspection and the inspection report will meet all state requirements and comply with a well-recognized standard of practice and code of ethics, such as the one adopted by the American Society of Home Inspectors or the National Association of Home Inspectors. Customers can view each group’s standards of practice and code of ethics online at www.ashi.org or www.nahi.org. ASHI’s Web site also provides a database of state regulations.

2. Do you belong to a professional home inspector association? There are many state and national associations for home inspectors, including the two groups mentioned in No. 1. Unfortunately, some groups confer questionable credentials or certifications in return for nothing more than a fee. Insist on members of reputable, nonprofit trade organizations; request to see a membership ID.

3. How experienced are you? Ask how long inspectors have been in the profession and how many inspections they’ve completed. They should provide customer referrals on request. New inspectors also may be highly qualified, but they should describe their training and let you know whether they plan to work with a more experienced partner.

4. How do you keep your expertise up to date? Inspectors’ commitment to continuing education is a good measure of their professionalism and service. Advanced knowledge is especially important in cases in which a home is older or includes unique elements requiring additional or updated training.

5. Do you focus on residential inspection? Make sure the inspector has training and experience in the unique discipline of home inspection, which is very different from inspecting commercial buildings or a construction site. If your customers are buying a unique property, such as a historic home, they may want to ask whether the inspector has experience with that type of property in particular.

6. Will you offer to do repairs or improvements? Some state laws and trade associations allow the inspector to provide repair work on problems uncovered during the inspection. However, other states and associations forbid it as a conflict of interest. Contact your local ASHI chapter to learn about the rules in your state.

7. How long will the inspection take? On average, an inspector working alone inspects a typical single-family house in two to three hours; anything significantly less may not be thorough. If your customers are purchasing an especially large property, they may want to ask whether additional inspectors will be brought in.

8. What’s the cost? Costs can vary dramatically, depending on your region, the size and age of the house, and the scope of services. The national average for single-family homes is about $320, but customers with large homes can expect to pay more. Customers should be wary of deals that seem too good to be true.

9. What type of inspection report do you provide? Ask to see samples to determine whether you will understand the inspector's reporting style. Also, most inspectors provide their full report within 24 hours of the inspection.

10. Will I be able to attend the inspection? The answer should be yes. A home inspection is a valuable educational opportunity for the buyer. An inspector's refusal to let the buyer attend should raise a red flag.

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Sources:

The National Association of Realtors® (NAR)
Rob Paterkiewicz, executive director, American Society of Home Inspectors, Des Plaines, Ill., www.ashi.org

Monthly Forum of the Thai Appraisal Foundation

by Kijner & Sons International Realty
Kijner & Sons International Realty is featured on the website of the Thai Appraisal Foundation following its participation at the Monthly Forum 103 on "Innovation in Contemporary Real Estate" on 28 April 2011. 

To learn more about the Monthly Forum 103 of the Thai Appraisal Foundation (April 2011), please click here. 

To read this article online, please click here

7 Reasons to Own Your Home

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to give you the 7 reasons why to own your home in Sarasota or Miami, Florida

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the National Association of Realtors®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.

3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.

6. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.

7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

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Online resources: To calculate whether buying is the best financial option for you, use the “Buy vs. Rent” calculator at www.GinnieMae.gov
Source: The National Association of Realtors® (
NAR)

Displaying blog entries 1-9 of 9

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83-85 Boulevard de Charonne, 75011 Paris, France


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