Working as a Coral Gables real estate guru over many years, men and women get to know the ins-and-outs of the Miami area, including its history, as well as details about the area. Need a hotel, a local supermarket, beach parking, or top-notch school, he or she can supply you with whatever information is necessary. After all, there are a few basics that every real estate ace should know like the back of his or her hand.
For starters, every real estate professional should be familiar with the prices of different homes throughout the area where he or she works. The market fluctuates and trends cause the price of properties to quickly jump, as well as fall. Most importantly, he or she will be able to determine a “good price” that you should jump on immediately, along with unfair and overpriced properties. For a buyer who is unfamiliar with the game, this knowledge can be priceless.
A real estate whiz will be the first to tell you that getting preapproved for a new home’s mortgage is extremely beneficial, especially for a buyer’s bank account. After all, doing so can guarantee your interest rate will not shoot up over time. At the same time, a person with a preapproved mortgage will have a much easier time shopping for his or her next home for sale in Coral Gables, as any seller would prefer to work with someone with a strong financial backing.
Always look for property that is in the center of future development. For instance, folks want to buy property that is located near the next big mall or public school. That means the area is growing and the real estate is only going to rise in value. In other words, purchasing a home in the area can be extremely lucrative for any individual. Finding these up-and-coming properties is not difficult. Simply look out your window when you drive through the area. Are new properties being constructed? Are the roads being expanded and new traffic lights being put up? If so, jump on the boat before it gets too crowded and the prices skyrocket. Believe me, you and your clients want to already be homeowners when the time comes.
Becoming familiar with property tax and their alternatives is always smart for any real estate specialist. What homes’ tax rates will go up and which will fall. Of course, buyers will be more interested in properties with falling tax rates. True professionals already have working relationships with local tax assessors to know the latest rates. They will tell a prospective buyer to avoid overpopulated areas by examining their public schools and roads. These are simple signs that property tax is going to rise.
Veterans of the South Florida real estate game know that the prices for homes in any popular city’s surrounding areas will soon be in demand. If too many residents are filling up Downtown Miami, more and more Coral Gables luxury homes will soon be in demand. Get your piece of the pie before it’s too late.
About Berkshire Hathaway HomeServices Florida Realty:
Berkshire Hathaway HomeServices Florida Realty serves 19 counties throughout Florida with over 40 locations and approximately 1,800 Sales Professionals. The full-service brokerage company, founded in 1999, is a subsidiary of Lennar Corporation, a Fortune 500 company and is a franchise member of the Berkshire Hathaway HomeServices’ network, one of the few organizations entrusted to use the world-renowned Berkshire Hathaway name. The company offers residential and commercial services as well as seasonal rentals, property management, REO & Foreclosures, corporate relocations, referral services, title, home service plans, and personal concierge services. Berkshire Hathaway HomeServices Florida Realty ranks in the Top 10 in the network among 42,000 Sales Professionals, 1,200 offices throughout 47 states. The company is the overall No. 1 fundraiser for The Sunshine Kids Foundation, having generated more than $3.37 million since 2001. Visit www.BHHSFloridaRealty.com.
