Author: Mario Avalos

Ever Evicted A Tenant? 3 Facts To Keep In Mind

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  1. Best case scenario, eviction process takes about 30 days to complete.
  2. It costs a few hundred dollars if you do it yourself.
  3. If you hire an attorney, bill may run from approximately $400 to $1,000.  Why the range?

The longer the tenant takes to vacate the property, the more filings an attorney would perform in order to kick out the tenant. That means more mula from you. And vice versa, the quicker the tenant vacates the unit, the less filling, and so on.

Last, best case scenario is where the tenant does not contest (aka fight it) the eviction process. If they do, things will prolong based on so many factors, that it’s best to contact me or you’ll fall asleep reading this stuff.

Thinking of renting your property? Call / text (305) 305 1535 or email me!

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15655 SW 90 TER West Kendall FL $365,000 (SOLD)

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FHA VA OK. No homeowners association. Updated, 2 car garage, corner lot home in West Kendall. Hurricane accordion shutters. Updated kitchen with granite counter tops, wood cabinetry and stainless steel appliances. Tiled flooring and tall ceilings throughout.

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  • Transaction Type: Seller Representation
  • Address: 15655 SW 90 TER
  • City, State and Zip: Kendall, FL 33196
  • Asking price for sale: $365,000
  • Short sale or foreclosure: no / no
  • Type of property: single family home
  • Living and lot size (sqft): 2,496/ 5,333
  • Year built: 1997
  • Beds, full baths and half baths: 3 / 2 / 1
  • Garage: 2
  • Water front or access: no / no
  • Exterior walls and roof: concrete / barrel
  • Floor and pool: tile and wood/ no
  • Heating and cooling: central / central
  • Sewer: municipal

Got questions on this listing? Call or text me at (305) 305-1535

Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $365,000:

  • Conventional loan with 10% down: $1,664
  • Conventional loan with 20% down: $1,479

Need other mortgage scenarios? Mortgage Calculator

Local Schools:

Location:

 

Area Demographics:

  • Average Income: $71,059
  • Population: 44,031
  • Owners vs Renters: 74% and 26%

Check out the latest Kendall 33196 Demographics Summary or Kendall 33196 Demographics Detailed analysis .

Nearest Rotary Clubs:

What’s Rotary? Neighbors, community leaders, and global citizens uniting for the common good. Learn more at Rotary.org

Questions? Call / Text 305.305.1535 or Email Me!

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3 Suggestions For Handling Low Ball Offers

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What do you do when your home is listed for say, $500,000 and you get an offer for $350,000?  Here are my 3 suggestions:

  1. Don’t get offended
  2. Counter back full price
  3. Move on with life

Often, low ballers are a waste of time. And this is why you shouldn’t waste an ounce of energy in getting offended by such offers.

But from time to time, they are legitimately testing waters, or your level of motivation. So my advice is to return the favor and test their motivation to buy by countering full price and wait for their reaction, if any.

Again, since chances are that they are wasting time, after you counter, move on with life and focus on the goal. Selling your home to the right buyer at the right price.

Questions about your home value? Call / text (305) 305 1535 or email me!

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What’s “The Right” Amount For A Good Faith Deposit?

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So you are buying or selling a home. How much money should you negotiate in escrow (good faith deposit)?

The answer is that there is no right answer. There is no “normal” amount or “customary” figure. It all narrows down to your level of motivation to acquire the property.  Tipically, stronger contracts tend to offer more deposit, and vice versa. Some other factors to consider when determining an amount:

  1. The other party’s motivation (whom you are negotiating)
  2. Are you competing against other offers?
  3. How long the property’s been on the market?
  4. How strong (or weak) are the other terms in your contract?

Questions about your home value? Call / text (305) 305 1535 or email me!

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2 Reasons Zillow Gets Home Values Right, Half The Time

Mario Avalos1 Comment

9 times out of 10, people check their home value on Zillow or Trulia prior to calling a real estate agent. I personally think these sites are great considering they get it right about 50% of the time (when you take into account that an algorithm is trying to determine a very complex ordeal such as the value of a home…props to that).

So why do they miss the mark the other 50% of the time?

I don’t really know, and I doubt anyone else truly knows, but here is my guess. Because they can only see what’s on the outside of the property thru the eye in the sky – aka satellites –  and they can only analyze what can be found on public records such as number of beds, number of baths, etc.

The problem here is two-fold.

  1. Often, public records are incorrect
  2. These sites can’t see the interior of your home

Say you added a family room to a property. Or your home was built in 1975, but you have made an update here and there. It’s this lack of accurate information that can distort what’s reported in sites like Zillow.

Questions about your home value? Call / text (305) 305 1535 or email me!

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3 Must Have Components To A Contract

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Long story short, any contract from a buyer to purchase your home must be made up of 3 components. Anything less is often, a meaningless offer.

  1. A contract spelling out the terms of the offer (Ex: price, closing date).
  2. Evidence that buyer is able to buy property (Ex: letter from a bank).
  3. Good faith deposit, or escrow payment (this is THE BIGGIE, and must be made up front along with contract).

Explaining Escrow for Buyers

Questions about contracts? Call / text (305) 305 1535 or email me!

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