Pembroke Pines Real Estate BlogRecently posted or modified blog posts in the category - General Real Estatehttps://www.buyandsellsouthflorida.com/blog/Copyright BuyAndSellSouthFlorida.com2023-07-31T07:06:08-07:00tag:buyandsellsouthflorida.com,2012-09-20:38131Eight Major Reasons to Consider Before Moving to South Florida<img src="https://assets.site-static.com/userfiles/1740/image/kriztalmedina17/5_steps.png" width="1280" height="720" />
Eight Major Reasons to Consider Before Moving to South Florida
Thinking about moving to South Florida? While it has its share of appealing features, it's essential to consider potential downsides to ensure it aligns with your preferences and lifestyle. In this video, we'll discuss eight major reasons to contemplate before making the decision to move to South Florida.
Heat: South Florida is known for its tropical climate, which translates to high temperatures, especially during the summer months. If you prefer cooler weather, the intense heat may not be the right fit for you.
Humidity: In addition to the heat, South Florida experiences high humidity levels, making the weather feel even hotter. If you are not comfortable with humid conditions, it might not be the ideal place for you.
Rain and Thunderstorms: South Florida is prone to sudden rain showers and thunderstorms, often without warning. If you dislike unpredictable weather, this aspect might pose a challenge.
Hurricanes: While hurricanes are not an everyday occurrence, they are a significant concern for South Florida residents. If you fear natural disasters and don't want to deal with hurricane preparedness, it's essential to consider this aspect.
Multicultural Community: South Florida boasts a diverse and vibrant multicultural community, particularly with a significant Latin population. Embrace the cultural richness or be prepared for interactions in different languages.
Mixed Neighborhoods: The east side of South Florida towns often features mixed neighborhoods, where high-priced homes coexist with more affordable properties. Be aware of the diverse housing options when selecting your home.
Traffic: Traffic congestion is a common issue in certain parts of South Florida, especially during office hours. If you prefer areas with lighter traffic, consider this aspect before deciding on your location.
Driving Necessity: While public transportation exists in South Florida, it might not be as extensive or convenient as in larger cities. If you rely on public transit or prefer not to drive, this might limit your options.
South Florida offers beautiful beaches, a vibrant cultural scene, and year-round warmth. However, it's essential to weigh the potential drawbacks mentioned in this video against your preferences and lifestyle. If you are comfortable with the heat, humidity, and diverse communities, South Florida could be a fantastic place to call home. Be sure to consider these eight major factors carefully before making your move decision.2023-07-31T06:51:08-07:002023-07-31T07:06:08-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:37934What to Look for in a Real Estate Agent as a Future Buyer<img src="https://assets.site-static.com/userfiles/1740/image/kriztalmedina17/Buyer.png" width="1280" height="720" />
What to Look for in a Real Estate Agent as a Future Buyer
If you are in the market to buy a home or are considering it, hiring the right real estate agent is crucial. We will discuss essential qualities and attributes to look for in a real estate agent as a future buyer. Understanding these key factors will help you make an informed decision and ensure a smooth and successful home buying process.
Local Market Knowledge: A top priority when choosing a real estate agent is their in-depth knowledge of the local market. Your agent should be well-versed in the specific neighborhoods, school districts, amenities, and property tax variations in the area. This knowledge will help you find a home that aligns with your lifestyle and preferences.
Extensive Resources: A valuable real estate agent should have a network of reliable resources, including mortgage companies and title agencies. These resources will provide you with accurate information, facilitate seamless transactions, and enhance your overall buying experience. Look for agents who can refer you to reputable service providers who will cater to your needs.
Full-Time Dedication: Opt for a real estate agent who is a full-time professional. Part-time agents may lack the focus and commitment required to stay updated on market trends and offer you the best advice. A full-time agent can provide valuable insights and dedicate more time to meeting your needs.
Strong Negotiation Skills: The negotiation process is a critical aspect of buying a home. Ensure that your real estate agent possesses strong negotiation skills to secure the best possible deal for you. Agents who are proactive and confident in their negotiating abilities can help you save money and achieve favorable terms.
After-Closing Service: Your relationship with your real estate agent should not end at the closing table. A reliable agent will offer after-closing support and assistance. Whether you encounter issues or have questions after moving into your new home, knowing that your agent is there to help provides invaluable peace of mind.
When looking for a real estate agent as a future buyer, prioritize local market knowledge, extensive resources, full-time dedication, strong negotiation skills, and after-closing service. Conduct thorough research, check their online presence, and ask questions to ensure they meet these criteria. The right real estate agent will guide you through the buying process, advocate for your best interests, and help you find a home that truly suits your family's needs and lifestyle.2023-07-19T07:44:15-07:002023-07-19T08:11:22-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:37883The Importance of Liability Insurance for Rental Investment Properties<img src="https://assets.site-static.com/userfiles/1740/image/kriztalmedina17/protec.png" width="1280" height="720" />
The Importance of Liability Insurance for Rental Investment Properties
<br /><br />When it comes to rental investment properties, it is crucial to protect yourself from potential liability risks. We will share a real-life story that highlights the importance of having liability insurance for your rental properties. Let's delve into the topic and understand why this coverage is essential.
The Story: A few years ago, an investor was in the process of purchasing her seventh or eighth investment property. Little did she know that a tenant's daughter had an accident on one of her properties and decided to file a liability lawsuit. Unfortunately, the investor was unaware of the situation until it was time to close on the new investment property. To her surprise, she discovered a $300,000 judgment on her credit, jeopardizing her financial stability. This incident served as a wake-up call, emphasizing the significance of having proper liability insurance coverage.
The Importance of Liability Insurance: Liability insurance is crucial for rental investment properties to safeguard against unforeseen accidents, damages, or lawsuits. Here are a few key reasons why this coverage is vital:
Protection from Lawsuits: Accidents happen, and anyone who visits your property, such as tenants, guests, or even trespassers, can potentially file a liability claim against you. Having liability insurance provides you with financial protection in case you face legal action, ensuring that your assets and wealth are safeguarded.
Coverage for Property Damage: Liability insurance not only protects you from bodily injury claims but also covers property damage caused by accidents or negligence. This includes scenarios where a contractor, handyman, or any other individual working on your property may cause damage.
Peace of Mind: By having liability insurance, you can have peace of mind knowing that you are financially protected from unexpected incidents or accidents that may occur on your rental property. It allows you to focus on building and maintaining your investment portfolio without worrying about potential liabilities.
Obtaining Liability Insurance:<br />To ensure comprehensive protection for your rental investment properties, it is advisable to consult with an experienced insurance agent. They can guide you in obtaining the appropriate liability coverage that aligns with your specific needs. Additionally, consider discussing an umbrella policy that provides additional liability coverage across all your rental properties.
When it comes to rental investment properties, protecting yourself from liability risks is of utmost importance. Liability insurance serves as a vital safety net, shielding you from potential lawsuits and property damages that may occur on your properties. By investing in comprehensive liability coverage, you not only build and preserve your wealth but also gain peace of mind. Remember to consult with an insurance agent to determine the best coverage options for your specific rental property portfolio.2023-07-17T06:14:52-07:002023-07-17T06:22:11-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:37603The Difference Between a Real Estate Salesperson and a Business Person<br /><img src="https://assets.site-static.com/userfiles/1740/image/kriztalmedina17/business.png" width="1280" height="720" /><br />
The Difference Between a Real Estate Salesperson and a Business Person
<br />We will discuss the distinction between being a real estate salesperson and being a business person in the real estate industry. While both roles involve working in real estate, there are key differences in mindset and approach that can significantly impact success and income stability.
Real Estate Salesperson: A real estate salesperson primarily focuses on closing transactions. Their main goal is to acquire clients, whether buyers or sellers, and guide them through the process of buying or selling a property. They handle tasks such as attending inspections, appraisals, and maintaining communication with various parties involved in the transaction. However, this approach often leads to inconsistent income, as it relies on the ups and downs of the market and the ability to secure new clients continuously.
Business Person: On the other hand, a business person in real estate takes a more strategic and proactive approach. They understand that simply relying on individual transactions may lead to uncertainty, especially during challenging market conditions or fluctuations in interest rates. Instead, they focus on building a sustainable business that generates consistent leads and income.
Key Differences:
Lead Generation and Systems: A business person in real estate identifies the top three lead sources that work best for them and develops a strong lead generation system. This involves creating a plan and implementing strategies to attract clients, such as online leads, open houses, and nurturing their database. By having a well-defined system in place, they can generate a steady stream of leads and maintain a reliable client base.
Delegation and Scaling: As a business person, it is essential to recognize that one cannot handle all aspects of the business alone. Instead of trying to do everything themselves, they delegate tasks and hire staff or partner with others to ensure the business operates efficiently. By leveraging the strengths of others, they can focus on their core competencies and scale their business to handle a higher volume of transactions.
Long-Term Planning: A real estate business person understands the importance of long-term planning and setting goals. They create a vision for their business and develop a strategic roadmap to achieve those goals. By having a clear plan in place, they can make informed decisions, measure progress, and adjust their strategies as needed to stay on track.
While real estate salespeople primarily focus on closing transactions, business people in real estate take a more comprehensive and strategic approach. They build systems, implement lead generation strategies, delegate tasks, and create a long-term plan for their business. By adopting a business mindset, real estate professionals can achieve stability, scalability, and success in the industry2023-07-03T07:47:02-07:002023-07-03T07:51:38-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:3724010 Essential Home Protection Tips: Fire, Burglary, Floods, Storms, and Maintenance<img src="https://assets.site-static.com/userfiles/1740/image/kriztalmedina17/protect.png" width="1280" height="720" />
10 Essential Home Protection Tips: Fire, Burglary, Floods, Storms, and Maintenance<br /><br />
Install smoke and carbon monoxide alarms at each level of the house and replace the battery every year. Inspect them every month for fire safety.
Keep a multi-purpose fire extinguisher close to the kitchen, where most fires occur.
Avoid using extension cords for major appliances to prevent overheating and potential fire hazards.
Create an escape plan with your family in case of emergency and ensure you have a folded ladder in the master bedroom for easy evacuation.
Change all exterior locks and secure doors and windows properly to enhance burglary protection.
Install security bars on sliding doors to make them harder to open from the outside.
Trim shrubs near the home to eliminate potential hiding spots for burglars.
Install motion detector lights on the sides and back of your home to illuminate dark areas.
Consider adding a home alarm system for added security and convenience.
Conduct regular visual inspections inside and outside your home to identify any potential damage or issues. Fix small problems promptly to prevent them from becoming bigger problems.
Section 1: Fire Safety
Fire safety is paramount in any home. Install smoke and carbon monoxide alarms on every level of your house, replacing the batteries annually and conducting monthly inspections. Additionally, have a multi-purpose fire extinguisher readily accessible near the kitchen, as this is where more than 50% of fires occur. Avoid using extension cords for major appliances to prevent overheating and potential fire hazards. Creating an escape plan with your family and keeping a folded ladder in the master bedroom can facilitate quick evacuation in case of a fire.
Section 2: Burglary Protection
Securing your home against burglaries is crucial for your peace of mind. Start by changing all exterior locks when you move in and ensure that doors and windows are properly secured. Installing security bars on sliding doors adds an extra layer of protection. Trim shrubs near your home to eliminate potential hiding spots for burglars, and consider installing motion detector lights in darker areas. Adding a home alarm system enhances security, so don't wait until an incident occurs—take proactive measures to protect your home and belongings.
Section 3: Flood Protection
Protecting your home from potential flood damage is essential, especially if you live in a flood-prone area. Place wireless water alarms under sinks or near washing machines to detect leaks early. Install flood-safe hoses on your washing machine and, when leaving for an extended period, shut off the main water valve to prevent flooding. Confirm with your insurance agent that your policy covers mold damage resulting from water leaks or sewer backups. By taking these precautions, you can minimize the risk of water-related issues and protect your home's structural integrity.
Section 4: Storm Protection
Preparing your home for storms is crucial to safeguard against potential damage. Trees and shrubs close to your home should be trimmed to prevent them from hitting the roof or windows during strong winds. Installing downspout extensions helps carry heavy rain away from your house, preventing foundation damage. If you need to evacuate during a severe storm, remember to turn off all utilities to avoid flooding or fire hazards. By taking these steps, you can minimize storm-related risks and protect your home from potential harm.
Section 5: Maintenance Tips
Regular maintenance is key to keeping your home in excellent condition. Conduct visual inspections inside and outside your home monthly to identify any damage or potential issues. By detecting problems early on, you can prevent them from escalating into major concerns. Remember to fix small problems promptly to avoid larger and costlier repairs down the line. Taking a proactive approach to maintenance ensures that your home remains a safe and comfortable haven for you and your family
These tips cover fire protection, burglary protection, flood protection, storm protection, and general wear and tear maintenance for a new home. Remember to adapt them to suit your blogging audience and provide additional context or explanations as necessary.
<br /><br />2023-06-19T06:54:17-07:002023-06-19T07:06:23-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:37013Important Tip for New Purchase in a Shifting Market for Fix and Flip
<img src="https://assets.site-static.com/userfiles/1740/image/kriztalmedina17/fix.png" />
<br />Important Tip for New Purchase in a Shifting Market for Fix and Flip
With the market shifting, it's essential to be conservative in your approach to maximize profitability. By adjusting your strategy and avoiding overpaying, you can safeguard your investment and ensure a successful fix and flip venture. Let's delve into this important tip in more detail.
Market Adjustment:<br />In the past, when purchasing a property for fix and flip, it was common to sell it for a higher price than the initial investment due to the growing market. However, with the market currently adjusting, it's crucial to be realistic about your expected profit margin. Set conservative expectations and factor in the market conditions to avoid potential losses.
Conduct Thorough Analysis:<br />When evaluating a potential fix and flip property, consider various factors such as the neighborhood, square footage, and the extent of repairs required. Take into account the quality and style of repairs you plan to undertake. By conducting a comprehensive analysis, you can determine the appropriate purchase price and avoid overpaying.
Save Your Money:<br />In the current market climate, it's wise to hold on to your money and avoid overpaying for properties. With new or inexperienced investors potentially exiting the market, opportunities will arise. By being patient and not rushing into deals, you can seize better investment prospects at reasonable prices.
Mitigate Profit Loss:<br />By adopting a conservative approach to purchasing fix and flip properties, you can mitigate the risk of profit loss. If the market experiences a further downturn after your purchase, your conservative approach will safeguard your profit margin. Preserve your hard-earned profits by not overextending yourself financially.
<br />When entering the fix and flip market during a shifting market phase, it's crucial to be conservative in your approach. Adjust your expectations and avoid overpaying for properties. By conducting thorough analysis, saving your money, and mitigating profit loss, you can increase your chances of success in the fix and flip business. Remember, being conservative now can help you maintain profitability in the long run. If you need assistance or guidance, feel free to reach out to me, Sean Bhakta from Re/Max Presidential South Florida Homefinder Team.2023-06-13T07:17:35-07:002023-06-13T07:21:08-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:36898The Benefits of Downsizing Your Home<img src="https://assets.site-static.com/userfiles/1740/image/kriztalmedina17/Untitled_design_6.png" />
The Benefits of Downsizing Your Home
In this segment, we will explore the advantages of downsizing your home. Many individuals find themselves living in large homes with unused rooms, which can be time-consuming and costly to maintain. By downsizing, you can simplify your life and potentially unlock substantial equity tied up in your property. This video will highlight two significant benefits of downsizing and why it may be the right decision for you.
Simplify Your Lifestyle:<br />Living in a big home often means having rooms that go unused or require unnecessary upkeep. Maintaining a large property can be time-consuming, from cleaning and organizing to tending to outdoor tasks such as mowing the lawn. By downsizing, you can streamline your lifestyle and free up valuable time for other pursuits. Eliminating the burden of excessive maintenance allows you to focus on what truly matters to you.
Financial Benefits:<br />Another compelling reason to downsize is the potential financial gain. If you purchased your current home a long time ago, it likely has accumulated substantial equity. By selling your larger home, you can unlock this equity and use it to purchase a smaller property. With a larger down payment or even cash, you can significantly reduce your monthly expenses, including mortgage payments, property taxes, and utilities. This financial freedom can provide peace of mind and open up opportunities for other investments or experiences.
Downsizing offers numerous benefits, including simplifying your lifestyle and enjoying financial advantages. By moving to a smaller home, you can reduce the time and effort required for maintenance and make better use of the space you occupy. Additionally, the equity released from selling your larger property can lead to improved financial security and flexibility. If you are considering downsizing, weigh these benefits carefully and consult with real estate professionals to make an informed decision.2023-06-07T07:30:10-07:002023-06-07T07:35:04-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:36868Avoiding Common Mistakes as a Real Estate Buyer or Seller<img src="https://assets.site-static.com/userfiles/1740/image/kriztalmedina17/homenbuyer.png" />
Avoiding Common Mistakes as a Real Estate Buyer or Seller
Whether you are buying or selling a property, it's important to be aware of common mistakes that can hinder your success in the real estate market. In this video, we will discuss three crucial points, particularly for buyers, to help you navigate the process smoothly and avoid potential pitfalls. By understanding these key principles, you can become a more effective negotiator and make informed decisions during your real estate transactions.
1. Finding the Right Balance of Interest:<br />As a buyer, it's crucial not to show excessive interest in a property. While you may be enthusiastic and consider it your dream home, displaying too much eagerness can weaken your bargaining position. When sellers perceive your strong desire to purchase, they may gain the upper hand in negotiations. It's important to maintain a balanced level of interest, showcasing your enthusiasm without compromising your leverage in the transaction.
2. Avoid Disrespecting the Home:<br />Some buyers make the mistake of negotiating by excessively pointing out flaws or criticizing the property. Remember that sellers have an emotional connection to their homes. While it's acceptable to raise legitimate concerns or negotiate certain repairs, it's crucial to do so respectfully. Avoid crossing the line into disrespect, as it can sour the negotiations and create unnecessary tension. Focus on constructive discussions that address your concerns while maintaining a positive rapport with the seller.
3. Be Reasonable in Negotiations:<br />During negotiations, it's essential to be reasonable and consider market conditions. Avoid asking for unreasonable concessions or overestimating your negotiating power. Your leverage in negotiations depends on factors such as the number of buyers in the market and the available inventory. Understanding the current market conditions will help you set realistic expectations and make reasonable requests. Being practical in your negotiation approach increases the chances of a successful transaction.
By avoiding common mistakes made by buyers in the real estate market, you can enhance your negotiation skills and increase the likelihood of achieving your desired outcomes. Remember to strike a balance in your level of interest, avoiding both excessive eagerness and disrespect toward the property. Additionally, be reasonable in your negotiations, considering the prevailing market conditions and setting practical expectations. If you have any questions or need assistance, reach out to Sean Bhakta from Re/Max Presidential South Florida Home Finder Team, who is dedicated to providing expert guidance and support throughout your real estate journey.2023-06-06T04:28:13-07:002023-06-06T05:28:42-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:36699Converting Your Primary Home to a Rental Property: Important Considerations<img src="https://assets.site-static.com/userfiles/1740/image/kriztalmedina17/Untitled_design_5.png" width="1280" height="720" />
Converting Your Primary Home to a Rental Property: Important Considerations
If you own a smaller primary home and are contemplating converting it into a rental property while purchasing a larger property, there are a few crucial aspects to keep in mind. In this article, we will discuss two essential pieces of advice for transitioning your primary home into an investment property. By understanding these key points, you can ensure a smooth and legally compliant conversion while maximizing potential tax benefits.
1. Removing the Homestead Exemption:<br />When converting your primary home into a rental property, it's important to remove the homestead exemption. The homestead exemption provides property tax benefits exclusively for your primary residence. If you attempt to retain the exemption on your previous home while designating another property as your primary residence, you could face legal consequences for homestead fraud. To avoid such issues, update your driver's license and official documents to reflect your new primary residence, and apply the homestead exemption solely to the property you currently live in.
2. Consider the Capital Gains Tax Exemption:<br />One significant advantage of retaining a property as your primary home for at least two years within the last five years is the potential capital gains tax exemption. When selling a primary residence, homeowners who have lived in the property for at least two years within the last five years are eligible for a tax exemption of up to $250,000 per person or $500,000 for married couples filing jointly. This means that any profits made from the sale of the primary residence within these limits are tax-free. However, by converting your primary home into a rental property and subsequently selling it, you may lose this valuable tax benefit. It is crucial to consult with a qualified accountant to fully understand the tax implications and determine the best course of action based on your specific circumstances.
<br />Transitioning your primary home into a rental property requires careful consideration of legal and tax implications. By removing the homestead exemption from the converted property and understanding the potential loss of capital gains tax benefits, you can avoid legal issues and make informed decisions regarding your real estate investments. Consulting with an experienced accountant or tax professional is essential to fully comprehend the tax consequences and optimize your financial strategies.2023-05-30T07:56:21-07:002023-05-30T08:52:26-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:32121Important things to know about condominium documents and real estate contracts.
Important things to know about condominium documents and real estate contracts.
Did you know the buyer has three days to cancel a contract on a condominium? Under Florida law, a buyer can cancel the transaction within three business days from the day of executing the contract and receiving the current condominium document from the seller. And the condo document includes the declaration of condominium, the article of incorporation, the condo bylaws rules of the association, the most recent year's financial information, frequently asked questions and answer documents. And this three-day period is calculated in business days, excluding the holidays and the weekends, and it cannot be amended.
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Top real estate services in Pembroke Pines, Florida and surrounding area. 701 Promenade Drive, Suite 230, Pembroke Pines, FL 33026. Search properties at: <a href="https://www.buyandsellsouthflorida.com/">https://www.buyandsellsouthflorida.com/</a> Check home value at: <a href="https://freehomeanalysisreport.com/">https://freehomeanalysisreport.com/</a> 2022-10-31T10:57:37-07:002022-10-31T11:04:37-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:32106Best way to transition as a real estate agent from another job.
Best way to transition as a real estate agent from another job.
If you are thinking of transitioning to real estate from a corporate job or any other full-time job, this video is for you. Transitioning to real estate from another full-time job is not easy. You know, wherever you put your focus, you put your energy, and you get successful. Now, if you have a full-time job there and you are kind of thinking if I get a sale here and there, I save some money, I get into real estate, that's not going to happen. I saw many failures. Even I hired personally many agents and gave them a chance to do the transition and it never happened. On the flip side, I have agents who did the transition, did plan, and had a written plan, a very structured plan in mind and they implemented it and they are super successful.
And today I'm going to talk about what is the difference? When you transition into real estate, you have to know the most important aspect of this business. What are the things you need to pay attention to the most? For example, lead generation activities, follow-up activities, and different kinds of things. So my suggestion will be if you have a full-time job, either do that job early in the morning, say start at 06:00 in the morning and you're done by midday. Or you do that early afternoon and an afternoon shift. So that's the way, either you have a full morning available or a full afternoon available for real estate. So the number one thing you need is a committed time. It could be 4 hours a day, 6 hours a day, it really doesn't matter how long, but you have to be committed. Not like one day you're available, 6 hours, the other day you're not available because your client is going to look for you. And if they don't find you, you're going to lose the business. So commitment, same hours every single day is very important because your client, your team members, your broker, your team leader, you name it, whoever you're working with needs to know that you are available for them. So they call if you are available. Okay? If you're not, you're going to lose the business. I can guarantee you are never going to make it. So that's one thing, okay?
Then you have to have a plan for when you're going to leave the other job. So for example, I had one team member who came from a corporate job and is doing great at that corporate job. And when she did those first three months, she had a plan, you know what I'm going to do, this is the holiday season, my other business is busy at that time. And I'm going to take this time, I'm going to work over there, I'm going to only put time this time. And it was a very scheduled time. And then after that, from January, I'm fully in real estate. She did it. Now she makes a fortune or she makes a very, very good comfortable income from real estate. Actually way more than what she was making before and also getting time for herself and her family. So these are the success stories I have. I have a couple of other team members also, they did the same thing and they're doing very well. So you have to have a plan, have to have a consistency about time and also with that time what particular activity you're going to do, because you can do many things in real estate.
If you're a part-time agent right now doing the transition and you look at full-time agents, what they do and then copy that, again, that will not be the right way to do it. because you have to do things with your time availability. So if you join my team, I'll sit down with you, tell you a clear plan, a clear path, what can you do in the right direction to your success with that time you have available. And then there will be a transition period. Okay, months from now, this is the thing I'm going to do. Six months from now, you'll be able to leave that job because you're going to have enough files in the pipeline. Are you going to already have started closing the file, making money. The bottom line, you have to have the right plan when you're transitioning to real estate.
There is more to it. You got to do the business plan, you got to do a calendar set up and a lot of other things that we can talk about in person. But I just wanted to let you know that don't just get into real estate because you love real estate and you want to leave the other job because you don't like it. You have to have a plan in place for this transition. Hopefully, this is going to help you to transit right to real estate. If you have any questions, give me a call. My number will be at the end of the screen. My name is Shawn Bhakta, Team leader at Remax Presidential South Florida Home Finder Team. Also a Tom Ferry coach. And I'm glad to help.
Top real estate services in Pembroke Pines, Florida and surrounding area. 701 Promenade Drive, Suite 230, Pembroke Pines, FL 33026. If you are interested to know more about our team, check out <a href="https://agentofthefuture.us/">https://agentofthefuture.us/</a>. See you soon. 2022-10-29T23:45:00-07:002022-10-30T00:00:53-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:31670Real Estate Myth: Experienced Agents are always the best
Real Estate Myth: Experienced Agents are always the best
Experienced Agents are always the best. That's today's myth. Is this myth true? Welcome to another episode of Myth versus the Truth.
Experience is good. Nobody denies that. Experience is going to have a lot of ways to talk to you. But also you need the time. Does that agent has enough time for you? Is that agent just accumulating one more file because they have a lot of experience? The communication is good. The relationship with that seller is good. Remember, you just have one house to sell. He has plenty to sell. An experienced agent may not have time with you. However, the knowledgeable agent, that's the agent that you want to hire. That's the agent who's up to the trend with marketing, the buying and selling strategies, the approach of a seller or buyer.
The real estate market is changing regularly, So you need that agent or you need to search for that agent that's not only experienced but also knowledgeable. Is that knowledge up to date? Right now things are changing drastically every single day. Now if that agent has knowledge ten years old, it's not going to work right now. That's one thing and that is one of the biggest reasons right now in the whole country, teams are super successful because it's not one person's knowledge, it is the knowledge and the training together everyone is bringing to the plate for you. Whether you are a buyer or seller, or an investor, you get the best of everyone. So again, don't fall for that phrase that knowledge is power. Knowledge is not power unless it's implemented and also it is up to date.
Hopefully, this information will help you to hire the right agent. Thanks for watching. See you next week in another episode of Myth Versus the Truth.
Top real estate services in Pembroke Pines, Florida and surrounding area. 701 Promenade Drive, Suite 230, Pembroke Pines, FL 33026. Search properties at: <a href="https://www.buyandsellsouthflorida.com/">https://www.buyandsellsouthflorida.com/</a> Check home value at: <a href="https://freehomeanalysisreport.com/">https://freehomeanalysisreport.com/</a> 2022-10-04T04:00:00-07:002022-10-04T04:21:52-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:31573Real Estate Myth: Being a Landlord is time consuming.
Real Estate Myth: Being a Landlord is time consuming.
Today's myth is that being a landlord is time-consuming. Is this myth true? Welcome to another episode of Myth versus the Truth.
So being a landlord, you purchased your first property or you have many properties, keep in mind it's a business. You're here to make money. So the way you treat a business, you sit down, you run your numbers, you hire the right people, you make sure that you have the delegation power, you make sure that your business is running structurally and everything is nice and smooth. That way it doesn't become overwhelming or consumes your time. So keep that in mind. It's your business and you need to treat it as your business and hire the right people.
Delegation is a very important word you have to have. Now you are a landlord and you say, okay, I'm going to save on this, I'm going to cut in this, I'm going to do it all by myself. It's not going to work because your day has 24 hours like everybody else. You need to have a management company that's dealing straight and direct with that tenant. You have to have the attorneys in place in case you need to evict those tenants. You have to have the people who do the garden, the yard, you have to have trusted people. So then you sit and relax. And after you make your account and you pay everybody else, you see if it is worth it for you to have that business.
So if it's your first property or maybe the 10th or 20th property, regardless, you are in the rental business, you are an investor who is buying rental property. Put the system together, do the number and enjoy being a landlord. You don't have to spend all your time managing this property. Let the control go, hire people. That's the bottom line. That's the message we wanted to give you today. Don't consume your time because of the rental property you have. Hopefully, this information helps you to become a landlord. Thanks for reading. See you on another episode of Myth Versus the Truth.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-09-27T07:00:00-07:002022-10-03T10:52:58-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:31555Why will you hire us for your next real estate need?
Why will you hire us for your next real estate need?
If you are thinking of moving to Southeast Florida, Miami and the Fort Lauderdale area, or maybe you are living here right now, think of selling your current home and moving to the next dream home. Here are a few reasons for you to hire us as your next real estate partner.
Number one, we customize the service provide to you because we understand that every family has different needs and different goals either you are buying or selling. Because you don't only buy or sell a home, you buy or sell the lifestyle. Especially, when you're buying and it is very important that home, that neighborhood has to fit your lifestyle. So we understand that and customize each transaction as your goal asked for.
Number two, we have been in the South Florida, Miami-Fort Lauderdale area for over two decades and we have extensive knowledge about the local real estate market. Either you buy, sell, rent, or invest, in our team, we have experts in every single aspect of real estate. We also have extended resources, anything regarding real estate, real estate attorneys, will and estate attorneys, lenders, title companies, you name it. Our team and the extended team together we only have one goal to fulfill your goal.
Hopefully see you soon with your next real estate need. My name is Shawn Bhakta from RE/MAX Presidential, South Florida Home Finder Team. Also Tom Ferry Coach. And we are here to help.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-09-26T07:32:00-07:002022-09-26T07:33:51-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:31433Real Estate Myth: All Agents are trained to evaluate homes.
Real Estate Myth: All Agents are trained to evaluate homes.
Today's myth is all agents are trained to evaluate homes. Is this myth true? Welcome to another episode of Myth versus the Truth. In Real Estate, there are a lot of different factors. You have to cater to a buyer's needs, catering to an investor's needs, and catering also to a seller's needs. There are many different strategies that are used for each client, each step. Now, some realtors, they feel that they're the jack of all trades. However, you need to be a master at one trade if you are looking or seeking to evaluate a property properly. So that individual, that agent, needs to be a master in that one particular field.
While evaluating a home, there are so many things that have to be taken care of. For example, if you just don't go to the MLS, I said, okay, closed sales, and this is the price. Oh, no, that's not the way. The way we do it, we have to go ahead and look at the time, what time this house is going to be for sale. The square footage of the house, the neighbor of the house, the materials of the house have been built up, the neighborhood, the development around. All of these have a very important component to the house. And you know why house are unique itself? Because why, speak about the family who lives in, speak about the culture. Everyone put a little bit of themselves into the house. So every house is unique.
Bottom line, when evaluating a home, there is a tangible asset. There is an intangible asset. There is a lifestyle. Because when we're buying a house, we're not really buying that property. We're buying a lifestyle. The lifestyle I want to live, my family wants to live. So there are a lot of different things involved on a home evaluation.. So, again, when you hire someone to evaluate your home, make sure you hire someone who is an expert on that. Or that particular team is focusing on the listing, not just everything. So that's the message I wanted to give you today. So I hope you found this message very informative, helping you decide on picking the right agent to evaluate your home. This is all we have for today. I'll see you next week in another episode of Myth versus the Truth.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-09-20T06:22:00-07:002022-09-20T06:24:33-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:31298Real Estate Myth - It’s a terrible time to buy
Real Estate Myth - It’s a terrible time to buy
It's a terrible time to buy. That's today's myth. Is this myth true? Welcome to today's episode of Myth versus the Truth. So we're hearing this from our investors, our current buyers, that this is just not the right time to buy. Now, we do understand that within the last two years, property prices have gone up. The interest rates have also increased in the last two years we've seen a nice record-breaking low. And along with the purchase of the property, you have your property taxes. So with property taxes, they may go up as well, affecting your current mortgage or whatever your budget is for your home. But think about this, guys, will this really kill the American Dream? Buyers will always buy, it's still the American Dream.
Of course, everyone wants to own a home and at any time buying a home would be a better alternative. Let's see what is in this moment, what we're finding. We're finding out how the market of rentals is, how the rentals are doing. Rentals are world record higher. I will not say national, it is a world record everywhere. Rentals are very high. So the alternative to buy will be rental. You need a place to live. So where are you going to live as a renter? You're paying somebody's mortgage. That's the real answer. And on the other side, you still find a lot of buyers, real pre-approved buyers on the market taking advantage of some people in the decision and some listing agents are receiving multiple offers when a very, very good property comes alone. So it's still a good time to buy. In conclusion, is it a terrible time to buy?
We're still getting multiple offers on most of the properties. There is still a lot of buyer flow and the market probably keeps on going up. So don't be on the fence. Make your decision today because owning your home is still the American dream and you should live your dream. So I'm hoping you guys found this information very helpful and it breaks that myth for you to pull the trigger and live that American dream. See you next week. In another episode of Myth versus the Truth.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-09-13T05:45:00-07:002022-09-13T05:46:56-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:31173Real Estate Myth: Selling Agent Bonus is a great marketing idea!!
Real Estate Myth: Selling Agent Bonus is a great marketing idea!!
Selling agent bonus is a great marketing idea. That's today's myth. Is this myth true? Welcome to another episode of Myth versus the Truth. Selling agent bonus. What that means is giving another incentive just what it says, a bonus. So for instance, that buyer's agent would bring their clients and they would push that property, or not push, but try to sell that property in order to obtain the additional bonus. Now, if you're a buyer and you're looking to purchase a property, if you like it, you're going to offer whatever you want to offer. You would offer more if needed. But keep in mind that sometimes listing agents, encourage the bonus, the additional bonus, in order for the property to sell faster, in order for the seller to get that high price that they're asking for. What do you think?
Do you think that that's something that they should concentrate the funds on or maybe use it somewhere else? So let's just talk about that part. Mr. Seller, if you have an additional bonus to offer to the buyer's agent, my personal recommendation would be why you don't spend that money in the house in your own house. Why you don't try to lift up the curb appeal of your house? Maybe your gardening needs a little trim here and there. That would be a good appeal to future buyers. Or why you don't get your listing agent to spend that additional bonus on marketing like expanding the marketing campaign. Like make a really good marketing campaign just beyond the regular that he does. And he will expand the possibilities to get you a great buyer.
The bottom line, giving that extra bonus to the buyer's agent may not be necessary. We can spend that money some other place, something like marketing. Getting more buyers to look at the property. Getting a bidding competition for the property will give you that result you're looking for. Hopefully this information will help you make the right choice in deciding where you would like to stay that money. You also can decide on this episode can help you to hire the right listing agent. See you next week in another episode of Myth Versus the Truth.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-09-06T07:12:00-07:002022-09-06T07:14:20-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:30948Real Estate Myth: I saw it on the news, so it’s true about the real estate market.
Real Estate Myth: I saw it on the news, so it’s true about the real estate market.
I saw this on the news about real estate. So must be right. Is that true? Welcome to Myth versus the Truth.
So what happens is we see different channels with different news. About the real estate market, oh, I saw on the news it's going to crash. Oh, I saw on the news that is very good in Florida. Oh no, I saw in the news that I can sell my house for $100,000 more. They get fearful or they get joyful. It just depends on the news that you see. But is that really true? Okay, so the news, what the news does, the news is just there to capture the viewers, to mislead you even sometimes. But let's face it, the news, they're not real estate agents. Leave that to the professionals. They're there to sell the advertisement to capture the viewers, and increase their ratings. We can't believe everything that we watch.
So bottom line my friend, before you switch on to that news, just know the truth is that news channel wants to grab your attention. Nothing more than that because that's the way they make money. So are you going to switch on the news channel and drive yourself nuts with all those negative news? I don't think so. It's on you to make the decision today. Hopefully, this information help you not to get yourself involved in all news and believe everything that you heard regarding real estate. Thank you for watching, see you next week.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-08-23T04:40:00-07:002022-08-23T04:41:54-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:3093418 tips to protect your new home - Part 1 - Fire Protection
18 tips to protect your new home - Part 1 - Fire Protection
18 tips to protect your new home. And today I'll talk about fire protection. Welcome to Real Estate Tips for South Florida. Number one for fire safety, install smoke and carbon monoxide alarms at each level of the house. Replace the battery every year and inspect every single month. Number two, buy a multipurpose fire extinguisher and keep it close to the kitchen where more than 50% of fire happens. Number three, plug all the major appliances on the wall plug, no extension, because the extension cords can overheat and cause a fire. Number four, create an escape plan with the family, so in case of an emergency, everyone knows how to get out of the house, if there is a fire inside the house. And also if the home is a two-story home in the master bedroom, where there's a big window, have a folded ladder, maybe under the bed or in the closet. But have it handy so in case of fire, you can get out quickly.
Hopefully, this information is going to keep you safe and you're going to take all the safety precautions. Check out next week for another subject on these 18 tips. My name is Shawn Bhakta, from Remax Presidential, South Florida Home Finder Team, and I'm glad to help.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-08-22T08:47:00-07:002022-08-22T08:48:50-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:30852Real Estate Myth: The Real Estate Agent suggesting the highest listing price will be my Agent!!
Real Estate Myth: The Real Estate Agent suggesting the highest listing price will be my Agent!!
The real estate agent that lists my house at the highest price is the best real estate agent. Is this true or it's a myth? Welcome to today's episode of Myth versus the Truth.
So you're interviewing agents. This one agent walks in and tells you that they can list your property at a ridiculous amount of money and it sounds enticing, it sounds great. But that agent is really promising you something that may not happen. Do you really want to risk putting your property on the market, holding it under contract, and it does not reach the expectation that the agent set out for you.
So yes, you will find a real estate agent that will come and promise you the impossible. He's the super agent. He's doing it all. He's going to sell your house $100,000 over your neighborhood price. So do you really want to expose your home and waste that time? Waste the time of possible buyers who are ready and willing to get on the contract for the right price. You have to trust the process. You have to trust the agent that is educated enough to give you the truth and actually, look forward to your best interest. Your interest is to sell at the highest price, but at the same time at a realistic price. So you find the buyer that will close on your house.
So yes, this thing happens. One of the real estate agents who is desperate to get business is going to promise you arms and legs. Now, a real estate agent's goal should be of course, getting the highest and best, but not to over-promise. Because over promising at the end of the day will not get anywhere because we still have to go through the appraisal. We still have to get a realistic buyer for the property, not just to list it as a high price and keep it in the market for a long time. So it's your time to make a decision about who you're going to go with. I hope you found this information helpful in choosing your next best agent and not going with that over-promising one. See you next week in another episode of Myth vs. The Truth.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-08-16T09:17:00-07:002022-08-16T09:19:30-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:305206 Florida Metros made the top 10 list for higher than expected rent.
6 Florida Metros made the top 10 list for higher than expected rent.
Rent prices are going sky high. These six Florida Metros made the TOP 10 list for higher than the expected rent. And here are they. Welcome to Real Estate Tips for South Florida.
On the top ten list Miami is number one, 22.7% increase in rent. Fort Myers is number two with a 20.41% increase in rent. Number four is Bradenton and Sarasota. They are 17.86% made the top four list. Tampa with a 17.52% increase in rent, made number five on the top ten. Port St. Lucie, Florida with a 15.89% increase in rent, made number seven on the list of top ten. And Lakeland made the number nine position with a 15.36% increase in rent. This information is from Florida Realtors magazine.
Now the question is if you are a tenant, do you continue to rent the property to pay so much up rent? Or maybe time to think of qualifying and get a home for your family. If you're an investor and thinking of investing, or if a homeowner has a lot of equity build-up and want to build a real estate portfolio for your family, this is the time to buy some rental properties. As you know, in South Florida, there's not much land left, there is not much construction going on, but the migration is getting more and more every single day. So renters have to live somewhere. This is an opportunity for the investors to buy rental property and get the best return out of it.
Hopefully, this information is going to either inspire a tenant to buy a home or an investor or thinking of becoming an investor, start investing in real estate and make a fortune for your family. My name is Shawn Bhakta from Remax Presidential, South Florida Home Finder Team, and I'm glad to help.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-08-01T06:48:00-07:002022-08-01T06:49:01-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:30443Real Estate Myth: Rising Interest Rate will Reduce Home Value.
Real Estate Myth: Rising Interest Rate will Reduce Home Value.
We're getting this Myth, we're hearing this crazy myth about increasing interest rates are going to reduce our home values. Is this true? Welcome to another episode of Myth Versus the Truth.
We have to think step by step. Now, the question is, what really happens when the interest rate goes up? When the interest rate goes up, what happens is the affordability goes down, such as your monthly payment will increase and you may have fewer buyers on the market. So let's talk about inventory. This is happening, yes, affordability is a little bit low, but inventory is also low. So you might not have 10-15 offers on a home. Maybe this time we'll have 7, maybe 5. But these are true buyers. These are the ones that can buy right now. So what do you think? The price will go down?
Now here in beautiful South Florida, you have so many people moving down. We have people coming from out of state, the foreign investors. We get I mean from everywhere, guys, just think about it. Right now, South Florida has been the hot spot. And inflation, that's global, they're feeling it all over. Now in South Florida, you are getting the traffic that we need to sustain the home values.
Also, don't forget about the rental market. The rental pricing is so high, but they have to live somewhere. Now they have a choice to make. Either they keep on renting and paying the high and high and high rent prices, or lock down a mortgage, principal, interest, and taxes, together with the escrow. A fixed mortgage for 30 years, is less headache. So that is another market.
Regardless, even though the interest rate goes up a little bit more, we're still going to have multiple offers on those properties. Hearing all the information, I also want to add that years ago we saw interest at 18 or 19%. So seeing 6% is nothing. We still have a low-interest rate. What do you think? So I hope you guys found this information useful enough to break that myth and help you pursue the home-buying dream. Thanks for watching. See you next week in another episode of Myth versus the Truth.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-07-26T07:16:00-07:002022-07-26T07:18:19-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:30400America’s Home Trend 2022 - which one your state has?
America’s Home Trend 2022 - which one your state has?
Here are some fun facts about home trends in the USA. Basically, there are four kinds of trends Modern, Farmhouse, Tuscan, and Japanese. Welcome to Real Estate Tips for South Florida.
So you may not be amazed, but this is the fact. Out of 50 states, 33 of them have the modern style when it comes to home trends. And you can see on the map those are in gray color. And 33 states, including Florida, New York, New Jersey, California, you name it, Alaska all over is the modern trend. Then you have the farmhouse trend in some of the states. That includes South Carolina, North Carolina, Alabama and a few other states. Only three states still have the Tuscan style. That includes Maine and two other states. And only New Mexico has the Japanese home trend. That probably is surprising. This information was taken from Confused.com. You can check out the website too. So this is a fun fact about the home trend right now in 2022 in the USA. If you have any questions, give me a call. Serving South Florida for over 23 years. Shawn Bhakta from Remax Presidential South Florida Home Finder Team. And I'm glad to help.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-07-25T05:42:00-07:002022-07-25T05:43:41-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:30323Real Estate Myth: Cemeteries drag down home values!!
Real Estate Myth: Cemeteries drag down home values!!
Cemeteries will drag down the price of your home. That's today's myth. Is that myth true? Welcome to today's episode of Myth versus the Truth.
So when we sit down and we discuss with a buyer about their preference for purchasing a property or when they're looking for a property, we have a buyer's questionnaire. And when we're sitting down and consulting and we're going through the must-haves of the property, we hardly ever actually, I've never had a buyer ever say that they don't want to be close to a cemetery. Now think about it. It's just a matter of preference. Some people find it peaceful. Others find it scary. But we've never had a buyer ever tell us that they don't want to live beside the cemetery.
In our experience, we have also not found any price difference between homes that are next to the cemetery or are a mile away from the cemetery. We don't find any difference at all. There are buyers for any property and colors fix of all, as you say. There is a color for everyone. The cemetery is the same. You will find buyers for your home or you will buy far from it. It's just a matter of feelings.
So who decides the value? Especially when there is a loan involved, a mortgage involved, the appraiser. I never saw on an appraisal report a price deduction because of a cemetery. So it is a personal choice. What we just mentioned above, some people actually will pay more to be close to a cemetery. Maybe, their loved ones are there, they will pay more. It is the feeling of either finding the peace or finding the fear out of the cemetery?
Hopefully, this information help you not to get scared from the cemetery. Thanks for watching. See you next week in another episode of Myth versus the Truth.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-07-19T06:21:00-07:002022-07-19T06:21:55-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:30205Real Estate Myth: It’s a Sellers’ Market, so sellers can get unlimited post-occupancy from buyers.
Real Estate Myth: It’s a Sellers’ Market, so sellers can get unlimited post-occupancy from buyer.
It's a seller's market let's get unlimited or an extended amount of post-occupancy. That's today's myth. Some realtors are advising their sellers to request that today. Is that myth true? Welcome to another episode of Myth Versus the Truth.
So in today's market, some sellers are concerned with putting their properties on the market and taking time to find another property. And that's understandable. However, a post-occupancy of six months or four months or anything past two months, we will have some hiccups. The reason why is because some of these buyers may be obtaining financing. And with the financing, some lenders may have some rules and restrictions as to how long before they can move into their property.
Also, you have to understand the emotional point of a first-time home buyer or any homeowner. When they like a property, they did a closing, hey, they want to move into this property. So no one will give an unlimited post-occupancy because their family just looking to move into their future home. So remember that too.
We've been approached by some investors that they have properties that they are under contract rented for a year. So they want to put the house on the market. They want to get the highest and best. And what happened? They want the buyer to respect, the lease that is in place, I mean, it must be respected the lease that is in place and acquire the property with the tenant. You can get some hiccups there as well because I mean, if the buyer is having a loan for the house, they can't wait. You will get into the same issue that Chantale was explaining before with the lender. The lender only will approve a certain amount of time after closing to be in the property. So watch out for that too.
Adding to that, you can find another investor who is willing to pay you for that property. But again, in order to get the highest and best, you have to be ready to have the property available for any kind of buyer. So the highest and best sometimes would be home buyers who want to buy for themselves to live. An investor will never pay you the highest and best. They have to make money.
Unlimited occupancy, even though it's a seller's market, it's almost impossible. Thanks for watching. We'll see you in another episode of Myth Versus the Truth.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-07-12T06:09:00-07:002022-07-12T06:10:32-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:30196Don’t move to South Florida - here are 8 reasons
Don’t move to South Florida - here are 8 reasons
There are eight major reasons you should never move to South Florida. And here are they.
The number one is the heat.
If you are someone who likes the cold weather and doesn't like the heat, you should never. Because in summer, the temperature reaches 100 degrees Fahrenheit. So if you don't like it, don't move to South Florida because you will be disappointed.
And number two is the humidity.
I know some people, who're okay with some heat, but humidity, hey, if you go outside, there's no AC, and you have to walk, you will be sweating. So if you like the heat even, but you don't like the humidity, don't even think about moving here. You'll definitely be going to get disappointed.
And number three is rain and thunderstorm.
The rain, you get any time, anywhere, any place, it really doesn't matter. It does not come here in South Florida with a notice. You'll see it's a sunny day, you're out of the house, boom. Suddenly it started raining. And some places, maybe there's a patch, it will be heavy rain and then the other side will be the sun. So it got to be prepared for the rain, for flash rain here and there. If you're not with it, you don't need to move to South Florida because you will get disappointed.
And number four is the big one is the hurricane.
Now, truthfully, the hurricane comes every few years the big ones, maybe five to seven to ten years, not every year. We don't get hurricanes every year here. But if you're scared of hurricanes, scared of bad weather, again, that's a warning. You'll get disappointed, you get fearful about the hurricane is coming and you got to get prepared for the hurricane also with food and shelter. So that's another thing you got to think of.
Number five is the multicultural community.
In South Florida, we have a huge Latin community. Now, the fun part is we get to eat different kinds of food. We got to listen to different kinds of music. But my Latin friends, they're very casual. So sometimes you are with a group of people and you'll see maybe three people, and then two of them, they're Latin, and in front of you, they're doing a conversation in Spanish. I don't speak Spanish, but I know that they're casual, they're fun-loving people. They really don't mean to disrespect you. It's just a part of the culture. Now, I understand Spanish after so many years. So if you are someone very sensitive to someone in front of you speaking in a different language, and you get disrespected because of that, that's one of the things to think of before moving to South Florida.
The reason number six is Mixed Neighborhoods.
The east part of the town, wherever you go, either Fort Lauderdale or Miami, they are the older neighborhoods. And you will see there's a million-dollar home here. You walk down two minutes and here you go, it's a low-priced neighborhood. So if you're buying an expensive home in the east side of the town, wherever it is, be prepared for that. That we have mixed neighborhoods. We do not have the whole area with the high priced home and then some whole areas with low priced homes, especially on the east side of the towns are mixed. So be prepared for that. If you buy an expensive home, prepare to drive down some of the average roads also. Again, especially in the east part of town, Don't get disappointed after buying the property. Do your research.
Here is number seven, the traffic.
Especially in Miami Dade County and the east part of Broward county. These neighborhoods are developed long back, populated and you will face a lot of traffic, especially during office hours. So this is not for my New Yorker friends because you guys already saw the traffic. But if you're coming from a small town or a quiet town and coming to South Florida, be prepared for the traffic. So that's another reason you should think about whether you should move to South Florida or not.
And number eight is driving.
Even though we have public transportation here. But this is not like New York. Over here from going to point A to point B, you may have to change three buses. Because most of them go straight line. So you got to really plan ahead. They are not too many. So driving is one of the musts. If you are working or if you have a regular schedule, you're not a stay home parent or working from home, you must drive. So that can be one of the restrictions you may have. Maybe you don't drive, then you will get disappointed to move to South Florida.
Now, my friend, these are the eight reasons you have to think of that before moving to South Florida. We are fun people here. It's a lot of fun in South Florida. Sunny beaches, the weather is hot and very active. So if you love that, hey, welcome to South Florida. See you here.
Top real estate services in Pembroke Pines, Florida and surrounding area.2022-07-11T12:26:00-07:002022-07-12T04:08:40-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:30004Real Estate Myth: It’s impossible to buy, because I don’t have enough money for down payment.
Real Estate Myth: It’s impossible to buy, because I don’t have enough money for down payment.
Today's myth is - it's impossible to buy, I don't have enough money. Is this myth true? Welcome to another episode of Myth Versus the Truth. Many renters think like that. In today's market, In order for you to rent a property, they're asking for three months in advance, right? That's almost $10,000. Now, if you're saving that money to put down on a deposit first, last, and security, there isn't enough room for you to save or grow your savings account.
Now, if continue to think that way, then you'll never purchase a property. Instead, what you should do, if this is something that you want to do, is just set a goal. Set a goal for yourself. First of all, call a Realtor. The realtor will guide you to do the right thing, and will put you probably in contact with a lender. The lender can see your numbers and tell you, okay, we can make a goal of six months, or a year from now. But you can put yourself into a position that you are able to buy a home. There are always homes available and there is always going to be the interest rate that is going to be high or low. You just have to want it.
Exactly correct. Because if someone, my friend, if you're thinking that you can never buy a home, it's guaranteed you will never buy a home. And let me ask you something. Are you afraid of paying a mortgage? Let me tell you, you are paying a mortgage even though when you are renting, you're paying the landlord's mortgage. So do you want to pay your mortgage or do you want to pay the landlord's mortgage? That's the decision you have to make today.
Hopefully, you found this information to inspire you to work on your savings to be able to purchase your new home. See you next week in another episode of Myth Versus the Truth.
Top real estate services in Broward and Miami-Dade county's all real estate needs including Pembroke Pines, FL, Fort Lauderdale, and Miami.2022-07-05T06:33:00-07:002022-07-05T06:34:50-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:29815Myth: I will not sell, I will die in this house!!
Myth: I will not sell, I will die in this house!!
Today's myth is I will not sell, I will die in this home. Is this myth true? Welcome to today's episode of Myth versus the Truth.
Now, we understand, that many times when we're door knocking we'll come across some sellers that have say or some people that would say that no, I would never sell my home. I'm going to live here forever until I die. We understand the emotional part of it. You raise your family there, it's your home, you've lived there for 20 or 30 plus years and it's something that it's emotionally attached to you. You just can't think of going anywhere else. And I understand that. But sometimes we need to be practical. We need to give it a clear thought as to whether or not this home is continuing to be resourceful for us. So we have to be very thoughtful or mindful and say is this home practical for my current lifestyle or is this going to be a liability?
Let me help you to put some points into view for this. If your family is around, if you have support, if you have people around you that help you to maintain and I want that you understand this word to maintain that home to the standards and that's working for you, that's perfect. You don't need to do anything. But if your family is not close to you and it's just you're paying around to try to keep the house in shape. If the home becomes a burden, like it's actually more expensive for you and it's not fitting at this point in your lifestyle is considered to move to a condo that has everything around you is set and you just have your maintenance fee and then you can actually enjoy and have a new lifestyle that's setting to your new times. That is just so that you can have a lifestyle that you want at any time. You just have to make it for yourself. Think for yourself first.
A house is actually a home, but it's more than that, it has to fit the lifestyle because when a family buys their first home or second home or their primary home, they don't buy a house. They make it a home, but they buy the lifestyle. It has to fit the lifestyle. Now, the home you bought 40 years back, or 30 years back, if you still fit in your lifestyle, not taking time out of you or giving you troubles, then enjoy the home, stay in this home. But if it is, time to make a tough decision, what's going to give you a better result for your life down the road.
Hopefully, this information will help you decide to continue to live your life happily. See you next week in another episode of Myth versus the Truth.
Top real estate services in Broward and Miami-Dade county's all real estate needs including Pembroke Pines, FL, Fort Lauderdale, and Miami.2022-06-28T07:16:00-07:002022-06-28T07:18:37-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:29683Myth: Let’s make offers on multiple homes at the same time to secure one contract!
Myth: Let’s make offers on multiple homes at the same time to secure one contract!
Let's make offers on multiple homes in this hot market. We need to secure something quickly. Is this myth true? Welcome to today's episode of Myth Versus the Truth.
Many times we get some buyers that will say, let's just submit offers on all the properties that I've shown them, or out of five, maybe two. However, we have to keep in mind the legal aspect of it. If we go ahead and make multiple offers on, say, for instance, two or three homes at the same time and a seller accepts it, you're going to be legally obligated to stay with that contract. And we understand the emotion, we understand the concern of trying to secure a property in this hot market. But we need to be wise and very careful that we don't get ourselves into trouble.
So let's talk about the aspect when you are a listing agent representing a seller, we get sometimes multiple offers from an agent. And I know that there are Agents that they sometimes advise their buyers to, oh yeah, let's do it, let's go ahead and let's do multiple offers in houses. And let's not forget something. They also mentioned that they can cancel at the time of the inspection. That is very common. So what happens if the inspection comes good? If you don't have anything to request, you will get a legal issue. Do you want to gain a legal issue? Do you want to have your deposit in jeopardy? Do you want to have some months before you get your deposit back? That's the aspect of that position you have to see yourself. Because you are binding in a contract, so you are obligated to that contract. Which basis you're going to use to get out of it. I let you think and take a good decision about it.
My friend, you have to understand when you as a buyer, you are writing an offer, you signing the offer, you're putting a deposit and you sending that offer. Even suppose you have maybe three days to put the deposit and you say, hey, I didn't put the money yet. Still you are legally obligated. And if you have a deposit in place, forget about it because it is your signature. So you got to be very careful what you're signing. Remember, they always say what you say and what you sign, you got to be very careful. We are here and just wanted to get you educated on that. When we make an offer, we always give a seller like maybe two days to accept. Now, if the seller does not come back in two days, we can make another offer. And then if that previous seller comes back after the third day or fourth-day ball is in your court. Either you take it or let it go, but your deposit is safe.
You have no stress about the home buying process. So we just wanted to let you know that. Purchasing a property or anything involving real estate can be stressful. Buying or selling or investing, it's a stressful moment in your life. That's why it's very important that you hire a very qualified agent with lots of experience. That would save you the trouble and absorb all your stress. Hopefully, this information helps you to make the right decision. See you next week. In another episode of Myth versus the Truth.
Top real estate services in Broward and Miami-Dade county's all real estate needs including Pembroke Pines, FL, Fort Lauderdale, and Miami.2022-06-21T07:00:00-07:002022-06-21T07:02:06-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:29558Myth: My Home is the Best Home in the neighborhood!!
Myth: My Home is the Best Home in the neighborhood!!
My home is the best home in the neighborhood. That's today's myth. Is that myth true? Welcome to another episode of Myth Versus the Truth.
I can understand how you can and say your home is the best home in the neighborhood. I understand why you would think that. The reason is that it's not an investment property. It's not a condo. It's not a rental. It's your home. It's the home where you raise your children in. You watched them grow. You hosted birthday parties. You've done Thanksgiving and Christmas. And yeah, my home is the best home in the neighborhood.
Agreed. 100% right. A home where the heart is. But now let's talk about selling real estate. The home becomes a real estate and then it becomes somebody else's home. So let's talk on that. Let's talk about the transaction part of the deal. At this point, your home is your home, but it's real estate. When you want to get a purpose, when you have a purpose for it, you want to get the best price. You want to get the best people to actually keep the home and enjoy as much as you did. And that is the point when you see it and you reflect from the buyer's point of view and then you see what needs to be done, what I have, what I can offer to the market. I think that is a very good point to take into consideration. It's not your home anymore. You have to cut the emotions.
That is true. Now is the time to look at your home from the buyer's eye and get a real evaluation. So that's the way you can price the home at the right point so you can get the best price. Hopefully, you found this information helpful to help you cut the emotional side of of owning your home and get into the business mindset of it. See you next week in another episode of Myth Versus the Truth.2022-06-14T08:00:00-07:002022-06-13T21:58:46-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:29530More Americans Choose Real Estate as the Best Long-Term Investment.
More Americans Choose Real Estate as the Best Long-Term Investment.<br />Want to better understand how buying a home could be a<br />great investment for you? Let’s connect today.2022-06-11T09:15:00-07:002022-06-11T09:16:03-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:29432Myth: The New Mall is coming in my neighborhood and my home value will go up!!
Myth: The New Mall is coming in my neighborhood and my home value will go up!!
A new mall is coming and my home prices are going to go up. Is that Myth true? Welcome to today's episode of Myth vs. the Truth.
So we're hearing a lot about this new mall that's coming to the Miami Lakes area. It's going to be off of I-75 and the Turnpike. And all you keep hearing is the new mall is going to increase my home value. Increase my home value.
Let's really sit and discuss what brings home value up. Right. What will increase your home value? Now, my opinion is if they add a new highway to that area that brings great value. It is going to shorten your commute and get you to your final destination in a shorter period of time. Another great reason is a development that would increase your property and that is just that, a new home development, a new construction. A new property is going to increase the value of your home.
So another example will be a hospital. If there is a new hospital close to the area, absolutely will increase the value of your home. Reason why? How much money doctors make, how much money nurses make. So that will be people who can afford high prices in your neighborhood. If you have a top-rated A school as well, that will also increase the price of your property. The reason why it will attract families with kids. So your home can be sold better to a family. If you're living in a family neighborhood or you're living on a Bachelor's path, what would this be the best for your home? Absolutely, the family. So good schools, and hospitals, also will increase the value of your home.
Bottom line here is anything comes into the neighborhood and brings value to the neighborhood. Now, my question to you, my friend, when a mall comes, you got to think what value they're going to bring to the neighborhood. Now, I'm going to leave that question to you and of course, Sadie and Chantale are going to discuss it a little bit on that. So all the examples they gave right now, everything is bringing more value, and more opportunity to your neighborhood.
There is some other stuff also, other things can happen to the neighborhood also. But these are just four examples. Now, let's discuss when this new mall comes into the area. All I think about is the amount of traffic that we're going to have. The more that they market it, the more people you call to the area and the more traffic that you're going to inherit. Just think about leaving your home and going to Publix. So turn into 30 minutes, 40 minutes drive. That is just going to be a total nightmare.
So let's talk facts. We have other malls. We have Dolphin Mall, we have Sawgrass Mills. We all love to go there. I will leave you some homework today. Why you don't check the price of the neighborhood around those malls are very close to see if the existence of those malls have made changed the price at any point. And those malls have been there for a long time. So you can see the progress or you can see the downfall.
Now, my friend, the question is if you are thinking of selling and you know the market right now, I don't have to tell you. Do you want to wait on that mall or take advantage now to sell your home? Hopefully this information you found very useful in your next time you're thinking of selling your home. See you next week in another episode of Myth vs the Truth.2022-06-07T08:00:00-07:002022-06-07T05:57:58-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:29284Real Estate Myth: Waive home inspection in today’s hot market to win the contract.
Real Estate Myth: Waive home inspection in today’s hot market to win the contract.
Today's Myth is to waive the buyer's home inspection in this hot market. Is that Myth true? Welcome to another episode of Myth Versus the Truth.
In today's hot market, there are agents or some agents guiding their buyers to waive completely the home inspection. But don't do that. That's not necessary. There are so many other points you can highlight to make your offer strong to beat out the competition. Yes, 100% right. The home inspection is so important because buying a property, buying a house, that's your biggest investment. So if you have to cut down somewhere, if you have to compromise somewhere, do it over there, not the home inspection.
About the inspection, you reached a home that you like, you opened the door and you see all upgraded. Everything is nice. Why do you need that inspection for? If you ask me what will I say? You need the inspection for the things that you don't see. You need the inspection to check the roof. You need the inspection to check your plumbing. You need the inspection to check your pressure in the water that you're getting in that house. You need the inspection to check the electrical and just mention a few that can be very expensive.
So, my friends, food for thought. You can compromise anywhere else, just not on the home inspection. I hope you found today's episode as enlightening as needed and catch you next week of Myth Versus the Truth.2022-05-31T08:00:00-07:002022-05-31T05:14:03-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:29262What's on the Horizon for the Housing Market in the Second Half of 2022?
What's on the Horizon for the Housing Market in the Second Half of 2022?
If you're thinking of buying or selling a home this year, it's important to know where the market is headed and what that means for you. Let's connect so you have the latest expert insights to help plan your next move.2022-05-28T07:01:00-07:002022-05-28T07:03:02-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:29177The Myth is, I don’t need a Realtor to sell my home in this hot Seller Market. Is it true?
The Myth is, I don’t need a Realtor to sell my home in this hot Seller Market. Is it true?
Yes, that could happen, only if you hire just any kind of agent. However, when you hire an experienced agent such as us, you will get high-quality service. Your property would be marketed and targeted to the specific buyers that are looking in your area that fit the description of your home. You will get the bidding war. You will receive multiple offers on your property. And don't forget the negotiation. First of all, when those offers come picking up the right one, there is a lot of work involved. Probably many Realtors don't do that and you may have a bad experience and that's what you want to do.
Negotiation is a big skill, that the top Realtors have. And through the negotiation, they can get you way more money than you're paying as a fee. And negotiations are done at different stages, when getting the offer, and multiple times And we have other videos also, you can watch them. There are at least six, seven times we negotiate for our clients, for your interest. Adding to this, we can add what about the security? What about the protection that you might have at your home? You're living in that home, so you're going to open the door to anyone. That's one of the reasons you should hire an agent. Because the people who will enter your home will have like a filter, you're safe.
The second part is to take into consideration will be the legal aspect. The contract is something very important. You have the time, which is the essence. You need to understand the contract and who's better than a very experienced agent to guide you through. At the end, when you have yourself, you will have a peaceful life. No one will come back to you to ask for repairs, to ask for any title issues. You will have a peaceful life. That's what an agent can do for you.
Hopefully, you found this information to provide you with some real value and hire an expert agent to be able to provide you a stress-free transaction. I hope you enjoyed this episode of Myth Versus the Truth. Shawn Bhakta and the team, REMAX Presidential, South Florida Home Finder Team.2022-05-24T07:35:00-07:002022-05-24T07:37:18-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:29046Real Estate Myth - It’s cheaper to rent than buying a home!!
Real Estate Myth - It’s cheaper to rent than buying a home!!
Today's myth is it's cheaper to rent than buy a home? Is that myth true? Welcome to today's episode of Myth versus the Truth.
Now, let's think about this. Why would some people think that it's better to rent versus buying? We can discuss one aspect of it, such as repairs. Some people think that owning a property any repairs would be too expensive and it would come out of their pockets and it would be non-affordable. And, if they rented a property, they just pick up the phone, dial the landlord and the landlord would come rushing over to do any maintenance necessary to the property. Yes, the repairs could be a big aspect of this particular subject. Because in today's life we are busy with the family, kids, work, and on top of that if we have to go to the Home Depot and or even call a maintenance guy and, be at home, watch what they're doing, it is. But that is not it.
So let's see the other side we can talk about it. Yeah, we admit when you add principal interest Insurance taxes, you can find a little bit of a bigger side. If you buy a home, then it rent. But this is just right now, today. You have to look at the bigger picture. You have to look at the future. For 30 years you will have the same payment. Do you agree that the rent will stay the same for 30 years? I don't think so. Absolutely correct. Being a homeowner, would allow you to have your fixed payment for 30 years. The same payment for 30 years, like Sadie mentioned. Will the rent stay the same for 30 years? I don't think so. Also keep in mind you pay your mortgage 30 years, and on the 31st year, what happens? No more payment. However, renting that's forever. Absolutely. Correct.
What Chantale and Sadie just did mention it. Yeah, there is a little bit of a headache you will have to maintain your own home, because it's your home, but that's why the homeownership is American Dream because you can do so many things. But Chantale was mentioning that there will be a day, you own that Home Free and Clear, no more payment. Think about that bigger picture. the other thing is, if you build up Equity, you can do so many things for your family with that equity. You can do investment. You can do so many things.
So it's not about looking at the smaller picture now. It is about looking at the bigger picture. And if you want to know a little bit about homeownership, call the expert Realtor. I hope you found this information helpful to get you to that path and to the final end to homeownership. I hope you enjoy this episode of Myth versus the truth.2022-05-17T09:28:00-07:002022-05-17T10:26:10-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28914Myth: Never committing to one Realtor for your purchase!
Myth: Never committing to one Realtor for your purchase!
Today's Myth is never committing to one Realtor for your purchase. Is this Myth true? Welcome to this episode of Myth vs the Truth. There are some buyers that are making offers with one listing agent over here. They see another property, they're making another offer over here. They're searching online. They reach out to that agent that appears on the computer underneath that property, and they're expecting to get a better deal.
But that's not the case. There's no way that you'll be able to obtain a great deal by working with so many different agents. So what happened? First of all, what is so important you need to create your agent? You actually need to create an understanding. That understanding, that is through the days and by talking and getting all the details that you want to find in a property or you want to compromise in a property. That agent will definitely get to the understanding to get you the property that you want. Period. That is so true.
The other thing is loyalty. If you are a client, not loyal to your realtor, the professional is helping you. How do you expect that realtor give you the sweet deal when it comes in the market? They're going to give it to somebody loyal to them. So what you need to do is get yourself a great realtor with a clear understanding, great rapport, loyal in order for you to obtain that great deal.
So I hope this information helps you to choose the right Realtors for your next sweet deal. See you next week in another episode of Myth versus the Truth.2022-05-10T08:00:00-07:002022-05-10T05:17:39-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28790Real Estate Myth: Rising interest rates means the prices will drop.
Real Estate Myth: Rising interest rates means the prices will drop.
Today's myth is rising interest rates means prices will drop. Is it true? Will the prices drop? Welcome to another episode of Myth vs The Truth.
So let's talk about it. Let's talk about the whole United States as a country, it might be, it might happen. But you know what, let's clarify. We are in South Florida. What happens in South Florida? Not only good weather, palm trees, coconut trees... paradise. We know that. We also know hurricanes come, but it doesn't matter. The main point is everyone wants to come to South Florida, as it's been famous for retirement. But not only that, let's talk immigration. A lot of people are coming in from different countries and where are they going? We have all the languages of the world in South Florida. We have Portuguese, we have Spanish a lot. And a large community from Creole to everything. All the flavors are here. Not only that, foreign investors, where they are going to come, have always been South Florida. So that is one of the reason we don't think the South Florida market will go down, even though interest rates bump up a little bit.
With all those people coming down to South Florida, where are they going to live? Look at the rental market. Rental markets today are so high, astronomically high. So it's either you rent and continue to pay the high rent or you purchase a property and you pay your own mortgage fixed for 30 years, your own property.
Now get to the conclusion, even though the interest rate is rising a little bit or maybe a couple of points. So this population in South Florida, they are keep on going to buy more properties. There is no more land left. So we are expanding to the rural areas and people are going to, the families going to buy home because of those reasons, what Chantale and Sadie explained. And the market is going to keep on rising even though there is a little bit of a high interest rate. The rental market is super high and the rental market does not have a fixed rental compared to a fixed 30 year mortgage. The rent is going to keep on going up every single year.
Now, these are two very big reasons for Florida not to get affected with the rising interest rate. See you next week in another episode of Myth Vs the Truth.2022-05-03T08:12:00-07:002022-05-03T08:14:56-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28750What’s more scary, rising rent or rising interest?
What’s more scary, rising rent or rising interest?
What is the real concern right now? Is it the rising interest rate or rising rent? I know there is a lot of debate going on, a lot of conversation going on about rising interest rates because in the last one month it went up a lot. So right now in April 2022, the interest rate is 5%. And it is a concern for a lot of sellers, also a lot of buyers, especially a lot of investors. Now, I think more than that, a major concern is rising rent.
In Southeast Florida right now, you don't get it even in a decent small apartment for less than $2,000. Yeah, there are some other properties that are cheaper, but those tenants are living there for a long time. What happened if this landlord sells the property or the way the rent is going up, they may discontinue the lease and then get a new tenant for more money. My concern is to see for a lot of families, the may have to downgrade. Maybe two family will go to live in one home to share the rent. because of the way the rent is going up.
A few years back a two bedroom, two bathroom condo used to rent for like $1000 or $1100. Now they're going for $1800, $1900 or $2000. And it's a huge change in the rent price. I'm worried to see a lot of people as homeless or of course, downgrading. Maybe they're living in a smaller home with the kids and family. So that's a major concern about South Florida right now.
What do you think about this interest rate vs the rent? Both are rising. Which one is scaring you to looking at the community, looking at the families out there? Give me some comments. Let's share your thoughts about it. Rising rent, or rising interest rate, what scares all of us more? Thanks for making that comment. And any question you have, you can put it also I'll be glad to make another video on that. Thanks for reading. Thanks for having that concern for the South Florida residents. See you guys guys in another video. My name is Shawn Bhakta from Remax Presidential. Glad to help.2022-05-02T05:35:00-07:002022-05-02T05:37:38-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28744What are experts saying about today's mortgage rates?
What are experts saying about today's mortgage rates?<br />It's essential to know what experts are saying about today's rising mortgage rates. Let's connect so we can discuss why making your move sooner rather than later could be your best plan.2022-04-30T08:04:00-07:002022-04-30T08:04:34-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28661Myth - I'm don’t want to sell my home, because I don’t want to pay a lot of money in tax
Myth - I'm don’t want to sell my home, because I don’t want to pay a lot of money in tax
I'm not selling because I don't want to pay those high taxes. That's today's myth. How true that myth is. Welcome to another episode of Myth vs the Truth.
Okay, so let's discuss, you're paying a lot of taxes. But think about this. The market is perfect right now where you're getting high value for your home. So you're going to be paying just a little bit more in taxes, but the return is going to be far greater than that. Now, let's talk about the other aspect of things. When have we ever seen taxes go down? Never. Right. So if we don't take advantage of the moment that we have in front of us today, who's to say what will happen?
Also, you have to remember that the capital gain taxes you pay only on the investment properties. Also, if you hold the property for a longer time, the percentage of taxes are lower than if you sell within a year. Now, if you have a primary home and it's owned by a couple, husband and wife, two people, it's a homestead property. If you live in that property for at least two years, in the last five years, you have an exemption. You do not have to pay together any taxes on $500,000 profit. That means after paying the mortgage and all the expenses, the net profit to your bank account up to $500,000. So 250k and 250k, you're exempt. So remember that.
Let's talk about investors. Also, when you sell your property you've to pay taxes, of course. But you can also do something called 1031 Exchange. What that means is that you can sell your property and the profit from the property, you can put it in an attorney trust account so you have certain time to buy your next property. And guess what? On 1031, you have to pay zero taxes. So the money that you get from one property, you can roll over to the next property. If you have any questions about that, give us a call and we will be more than happy to discuss. We have classes about it.
We can get in contact with the attorney and we can guide you. I hope you found this information helpful and steer away that fear you have and take advantage of today's market. See you next week in another episode of Myth vs the Truth.2022-04-26T09:32:00-07:002022-04-26T09:37:39-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28536Myth: There’s not enough properties in the market for sale.
Today's Myth is there's not enough properties in the market for sale. Is that Myth true? There's not enough properties.
Welcome to another episode of Myth Versus The Truth.
So let's talk about it. Everyday we as an agent receive notifications of the properties that they get expired. That means that they are no longer for sale because they couldn't sell. So that is not 100% true. There are properties for sale. Come on guys. We've never had 100 buyers and 100 homes.
It's never been an easy match. We are talking about a market where it's either a seller's market or it's either a buyer's market. There's homes out there for sale. If you're hearing that from your agent, you might have the wrong agent. So give me a call. We can help.
Now let's discuss the properties that are currently on the MLS and those homes that are not on the MLS. People are buying every day.
Every day there are contracts put in. Every day Buyers are getting their offers accepted. There are homes out there for sale. So if you're a buyer in the market thinking of buying and you're overwhelmed with this news that there are not enough properties in the market. Definitely don't want to hear that devil. You have to make a decision right now because the more you wait, what happens? The price is going to keep on going up. You're going to end up paying more money for the same home years from now, six months from now.
Bottom line, there are properties. It may not be in the MLS, it may not be in the particular website, but there are properties that are selling in different ways. So the answer is pick the right people to guide you and give you the right advice. So I hope you found this information super helpful and has completely discarded Myths that are out there. And see you next week in another episode of Myth vs The Truth.2022-04-19T05:53:00-07:002022-04-19T05:55:05-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28442Myth: If you are just Social, you will be successful in Real Estate.
Myth: If you are just Social, you will be successful in Real Estate.
Today's myth is if you're a social person, you will be extremely successful in real estate. Is that Myth true? Welcome to another episode of Myth Vs The Truth.
Now let's face it guys, to be a real estate agent, you're required to have a little personality. You need to be a little social. However, this is a business, not just real estate or not just sales. It's sales with a personality that's going to get you that client, get you that out and going and that great personality, that niche that's needed for the business. But then it is a business. Keep that in mind. Only being social is not going to cut it. You have to think of it as a business person, you have to have a schedule. You have to have a structure. You have to have integrity and ethics. All this is coming as a person, as a business person.
Social is one aspect that just starts the business or that's a little bit of an ingredient you need. But you have to be really strong on the structure of the business. If you are just social and not structured, it's not going to go far, my friend. I hope you found this information to be very helpful, to guide you to be a great real estate agent. See you next week in another episode of Myth vs. Truth.2022-04-12T11:59:00-07:002022-04-12T12:01:27-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28314Myth: Real Estate Agents Get Rich Quick!!
Myth: Real Estate Agents Get Rich Quick!!
Today's myth is real estate agents get rich quick. Is that true? Welcome to another episode of Myth vs the Truth.
Okay, guys, let's get down to the myth, all right? There's a lot of agents out there that are coming into the business ready to make that money quickly. Now, let's put things in perspective. Being a real estate agent is not like the reality shows that we see. You don't just dress pretty and carry your name brand bag and drive your fancy car all over to show property and get a contract and get paid. Don't we wish it was that simple? It's not.
Let's break it down. You as a real estate agent have to understand, first of all, that this is a business and business is not a nine to five. This is a 24/7. Because first of all, real estate agent works when you are off from work that you actually can see house or you can talk to us in order to list your home. So that's the first thing. You don't have a 9 to 5 schedule. You make your schedule. That is also true, but your schedule gets ruled, not you're nine to five. So we have a very different schedule. That is one thing that real estate has.
Bottom line is you can really be successful in real estate, but it needs a lot of dedication, a lot of plans, a lot of strategies, and lots of hard work. Like other businesses, there is no shortcut. It's a relationship business. You got to build up the relationship, nurture it, then be successful. So don't have that myth. What you are watching on the HGTV or any TV shows, those are just shows. Real life is your business and you gotta treat it as a business and you definitely get the fruit down the road. There is no quick money.
Now let me tell you, there is an 87% dropout rate within the first five years of being a real estate agent. So I hope you found this information helpful, and see you in next week's episode of Myth vs the Truth.2022-04-05T10:57:00-07:002022-04-05T10:57:50-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28280What's happening with Mortgage Rates?
What's happening with Mortgage Rates?
So what's happening to this mortgage rate? Where will they go from here? Freddie Mac's 30 years mortgage is something like this. In January 2021, it was 2.74%. In December 2021, it was 3.1%. And today in March, the end of March, 2022 it's 4.42%. Just a few months ago, Freddie Mac projected the interest rate average in 2022 will be 3.6%. Earlier, in March 2022. Fannie Mae forecast the average interest rate in 2022 will be 3.8%. Here are some expert comments,
Sam Khater, the Chief Economist from Freddie Mac explained to the press last week.
<img src="https://lh4.googleusercontent.com/hhwSFvISy9rjoonS_yWB2nrgALuuD9U0gGIX2fw_fC7mJqafLoLGiHmoIrc4LQTKqEp8mwLWO0J_c8RUpOVya6E51BtNJttIuV0vJ4x4RGY-MHXUkgBQBunUw3o-SZOYuMgVS165" width="715" height="271" />
Greg McBride, the Chief Financial Analyst from Bankrate said,
<img src="https://lh5.googleusercontent.com/Q06LczMtk3vTWj95n1bZPbi3hkfYOWf3Q3hVGgmrB2KHxi1stoZygs2-S-xPQMmTArbiMRLkkorxMtuCPu9h8llIgjleNtKfwPrkhbqL0YGSYPTlWV8dxmJcQz_AbKUqQ8RIKfOp" width="704" height="267" />
Nadia Evangelou, Senior Economist and Director of Forecasting from the National Association of Realtors, said
<img src="https://lh3.googleusercontent.com/tPkDdC37ZKUAVQeTxvg6zgQMoF7cLgeVAAbkpwvYMQQ9lauQYyN8djFLx4VsRMVEsEnYFQIERJcBks-gLVaLxW8oy7k5io3q42JLvGbTn98SgFxDRWloOO2fpD6q21PtT37SaJmE" width="711" height="359" />
Len Kiefer, Deputy Chief Economist from Freddie Mac, said
<img src="https://lh3.googleusercontent.com/P7s2T49cx1gOhGyXp-YtGtM5JOT7zCykaMoP3uXXT3BFoeMUthb74IMR66SJCFQUnp9ggyUk0I0lu3l9pQeCYUefFrwP1Y7c5aggy8yw2ZB7wFa_VocU-36knzr6-TqIcJE_IrdH" width="686" height="282" />
Danielle Hale, Chief Economist from Realtor.com, said
<img src="https://lh6.googleusercontent.com/5_EwLrhwyEjHjh4Tp8zaW87w7_xbovCwEUVjVk4LEWU4BJoq7JCFowj38SISevnywZQWRIF-L04e-Dl0j8OxTKVSfXmhRJ47N8-So2piprsD1U2b_RgUb0jhuD4Ix-1iq0aPj121" width="686" height="298" />
So what does all this mean to you, if you are looking to buy a home?
This interest rate is continuously going to go up as these experts are predicting. And also in a survey, they are expecting at least a 9% increase in the home value will be in 2022. So if you're on the fence, it is probably a great time to buy right now than wait and buy next year or so. Because of that 9% gain and also if the interest rate keeps going up, that will add up more bills for you for the housing payment. So do your number with your Mortgage Broker. Connect with us. We can run the number and we can sit down, discuss, so you can make the best decision with the knowledge by looking at the number in front of you. Let's connect. My name is Shawn Bhakta from Remax Presidential, South Florida Home Finder Team. I'm glad to help.2022-04-04T08:58:00-07:002022-04-04T09:01:24-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:28192Myth: Homeowners’ Association isn't a big deal.
Myth: Homeowners’ Association isn't a big deal.
1Homeowners Associations aren't a big deal. That's today's myth. Is that myth true?
Welcome to another episode of Myth vs the Truth.
Now let me ask you, does a neighborhood that's being run by homeowners association fit your lifestyle?
Let's think about that. The association maintains order, the visual appeal of your property. Not only that, let's keep in mind it will maintain your property value. So if you like to live in a property or in a neighborhood where the order and the structure is in line with everyone else in there, then that's the kind of property for you.
So, yes, if your lifestyle is different, unless just explore a little bit about the differences. If you like to dance, if you like to party every weekend, if you want to have an extravagant landscaping in front of your house or a basketball court in front of your house, maybe HOA is not for you. You will have penalties after penalties from the homeowners association. And that is not going to be good for you.
So let's talk about the bottom line. Never say that homeowners association is not a big deal. It can be a big deal or it may not be. It all depends on your lifestyle. If you like a formal lifestyle, you want everything to go by rules and regulations. You want your neighbors to maintain their lifestyle outside of their home and your lifestyle, everybody maintains, then it is for you. On the other hand, if you have a casual lifestyle, it's not for you. So pick a neighborhood with association and without association, as per your lifestyle.
I hope you found this information helpful to make your decision on whether purchasing in a homeowner's association or not. See you next week in another episode of Myth vs the truth.2022-03-29T10:41:00-07:002022-03-29T10:43:53-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:27999Myth: You need a Perfect Credit Score to buy a Home.
Myth: You need a Perfect Credit Score to buy a Home.
Today's myth is, You need the perfect credit to buy a home. Is that Myth true? Welcome to this episode of Myth Versus the Truth.
Now, having a perfect credit score is excellent. The reason is because you get a better interest rate, there are more options for the loan programs. However, you do not need to have a perfect credit score in order to purchase a home. So, for example, there are different programs like FHA Loan, that is a program created for exactly the same reason. Even you have a high credit score, or a low credit score, you just have to be able to have the minimum requirements. You will get the same interest rate.
In other types of loans, conventional loans, for example, you will have to maybe give a little higher down payment or you will get maybe a little bit of increase in your interest rate. But that doesn't mean that you cannot purchase a home. So the bottom line is don't stop yourself from purchasing your home because you have a little bit lower credit score. My advice will be to check with a lender.
You never know, you may have some options available for yourself. So don't stop yourself because of the low score. There are a lot of different factors for qualifying for the mortgage, the income, the expense ratios. You may have all this. So that little short on the credit score or credit help may not be a problem.
Check with the lender, give us a call. We'll guide you through. So I hope this information will help guide you in making the right decision. See you next week in another episode of Myth vs. The truth.2022-03-22T07:22:00-07:002022-03-22T07:24:02-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:27824Myth: If you see a home online, that means it’s available
Myth: If you see a home online, that means it’s available
If you see a home online, that means it's available. That's today's myth! Is that Myth true?
Welcome to this episode of Myth vs the Truth.
Many major real estates website such as Zillow or Redfin or Realtor.com, utilize the information to collect data in order for them to capture the lead and sell it forward to the real estate agents. For example, they will keep the active listings, the pending listings and even the previously sold listings just to obtain that information.
When a property has a contract, they can have different status. For example, it can be pending or can be active with a contract.
In both of them, they will show in those major sites as you have an active property. But what happens, when the property is active with a contract, you have a contract in place. But the owners are looking for a backup offer. Do you really want to be the buyer of the backup offer or you want to be the only buyer?
Another thing, when a seller gets a contract, the seller and the listing agent for a time period, they may still keep it as an active. Why?
Because it may be in a negotiation stage. They have multiple offers, but the final signature is not done yet. So in that case, technically the property is not available because they have multiple offers, but they are negotiating with one of the buyers. On the other side also, sometimes they have a signed contract but they still keep it active until that property passes the inspection and so. So that's why they don't have to go through the whole contract negotiation process and everything again. So they want to keep it as an active until the inspection is done, negotiation done. Okay, now the properties are off the market.
So now you know if you see a property online, it does not mean that it's still available. Hopefully this information help you to make the right decision and to see what is good and it's not good online. See you next week in another episode of Myth vs the Truth.2022-03-15T05:30:00-07:002022-03-15T10:16:44-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:27707Myth: I bought and sold before, I am a Pro.
Myth: I bought and sold before, I am a Pro.
I've bought a home before, I've sold before. Second time around, I'm a pro. That's today's myth. Is that myth true?
Welcome to another episode of Myth vs the Truth.
You may have bought or sold a home before, but think about this. There's a lot of different factors. A house in an older neighborhood and a house in a newer neighborhood has a totally different strategy when it comes to marketing the process. Total different kind of people are buying or families, they're buying those properties.
Pricing! At an average price home and home with a luxury price are two different marketings. The average priced home can be sold like this in a snap. But then on a luxury home, you may need a ton of strategy, a ton of money to market that home to get the right buyer.
Think about this. A condo versus a single family home. Purchasing a condo. There's a lot more restrictions. You have condo associations. You may have assessments, you may have board members. I mean, there's just so many more restrictions in purchasing a condo property.
Now, in a single-family home, you won't have the condos associations with all the restrictions and all the rules and regulations. Also, let's not forget condos have financing restrictions that you won't come across in a single family home.
Let's not forget the market. And the market itself is ruled by timing. Five years ago, there was a totally different market. Nothing counting ten years ago. Do you remember 2008? Everybody remembers 2008. So, yes, timing is very important that on today's market, one day is important. Six months is important. Timing is very important because the way you market your property and even if the rules and regulations or the process of selling have not changed, the timing may change the whole process. Now you have a bidding war every corner.
I hope this information will bring you tons of value. See you next week in another episode of Myth vs Truth.2022-03-08T10:19:00-07:002022-03-08T10:21:35-07:00Shawn Bhaktatag:buyandsellsouthflorida.com,2012-09-20:27352Myth: The Highest Price is always the Best Offer!!! PART 2
Myth: The Highest Price is always the Best Offer!!!
The highest price is always the best offer. That's today's Myth. Is that Myth true? Welcome to another episode of Myth Vs the Truth.
There are many aspects to a transaction. Now, the price being high, yes, it's good. However, you need to look at the buyer's qualification. You need to make sure that the buyer gives a good deposit. We need to make sure that they're strong enough to complete the transaction and get us all the way to the closing table.
So let's compare a little bit. If you have a cash offer and you have just a little higher financed offer, you have to understand that when you get a cash offer there are no contingencies attached. You're going to find that you don't have to pass the haggle of the inspection. You're not going to go over any appraisal from the bank. You're going to be straight maybe three weeks max to the closing table. And that is maybe a way you can find the file to be ready and done really quick. On the other hand, financed offer has to go for different aspects and have to go through bank and people just negotiate over each and every aspect of this contract. So what you choose is not always the highest is the best.
The bottom line is you may have an offer at a higher price, but don't just go for that. Check all the different aspects of the contract because your goal is of course the highest and the best price. Also to close the transaction. You don't want multiple times the deal falls apart and the property stays in the market for a longer time.
So today's lesson is don't only take the highest price for an offer. Hopefully you found this information helpful to help you make that decision on selecting the right offer for your property. See you next week in another episode of Myth vs Truth.2022-02-22T09:50:00-07:002022-02-22T09:52:27-07:00Shawn Bhakta