Top 3 Factors Buyers Consider To Determine Home Value

September 4, 2020July 12, 2025Mario AvalosLeave a comment

Home sellers may think their home is worth a certain price while home buyers may think it’s worth a different price. Not only should you go by the market value of your neighborhood to determine the value of your home but also through buyer feedback.

What factors do buyers consider home to determine your home value?

Every home buyer is different, but throughout our experience with home buyers, we have noticed these 3 factors come up the most that buyers look at in a home to determine the home value.

1. Home updates

Buyers look for the costly updates such as a new roof, impact widows and flooring. These updates can make a difference when buyers are comparing it to other homes in the neighborhood.

2. The layout of the home

Is the home an open lay out or not? Is it a split bedroom layout? Depending on the buyer’s needs this will also determine whether they make an offer on your home or the other home for sale down the street.

3. Time, effort, and money to bring home up to buyer standards

No home is the “perfect” home for a buyer. Home buyers will always want to make a few changes here and there. The questions is, how much time, effort and money will it take to makes these changes? The fewer the changes they need to make the more value they will add to the home.

How do buyers determine your home value?

Buyers determine home value by a process called “comparison shopping”. Buyers compare the three factors mentioned above, against similar properties in the neighborhood to make a decision.

How do you make sure your home is Priced right?

Hiring the right real estate agent to assess the value of the home is important, even more so than advertising. Not having the right price on a home can mean the difference between a house selling in 30 to 60 days as opposed to not selling at all.

Contact us today, to help you determine the true value of your home! (no obligation!)

Should I Sell My Home Before Buying A New One?

August 21, 2020July 12, 2025Rocio CasalesLeave a comment

Should I Sell My Current Home First?

I have had homeowners face the dilemma of being ready to look for their dream home but are not sure whether they need to sell their current home first to buy their new home.

You may think you need to sell your home first in order to buy a new one. Reason being, most often, you need the money from the sale of your home to go into buying the new home. But, the dilemma is you may not want to put your home for sale before finding your dream home.

What if I told you, you can buy your new home and sell your current home at the same time?

Buy And Sell Your Home… At The Same Time

Yes, this is possible! I have done it numerous times with my clients in the past with the same situation. With the right knowledgeable real estate agent, you can put your home for sale, look for your dream home, get both homes under contract and close at the same time.

Selling and buying at the same time is known as a simultaneous closing. At the time of closing your current home, you can transfer the proceeds directly to the purchase of your new home!

All it takes is the right timing, marketing and negotiation skills from a professional real estate agent with experience in simultaneous closings. No hassle of moving twice or moving into a hotel or a family’s home while waiting to buy.

Sell And Buy With Us!

Fell free to reach out to us for a NO obligation consultation on whether selling and buying your dream home at the same time is right for you! We will guide you through the whole process, from beginning to end and even beyond to ensure all is well after closing.

Contact us!

Should I Sell My Rental Property or Keep it?

August 14, 2020July 12, 2025Mario AvalosLeave a comment

Should I Sell My Rental Property?

My landlord clients often ask “should I sell my rental property or keep it?”. First, I am a big proponent on trying to keep a rental property at all costs. In my opinion, selling a rental property should be your last resort. I believe real estate is one of the best investments out there. Therefore, when clients ask me about selling their rental properties, I try to convince them otherwise.

Nonetheless, if you do decide to pursue the options of whether you should or should not sell your rental properties, ask yourself these three questions:

1. Is the money worth it?

If you are making at least a 5% cash flow return on an annual basis, keep the rental property. (If you need help calculating your cash-flow annual return, send me a message, and I will gladly let you know right away!)

2. What do you plan to do with the money after you sell?

This may be a heavy loaded question as it may bring up even more questions. Will it sit in a bank account? Will it be re-invested in another investment opportunity? Depending on what you plan to do with the proceeds, you should determine if it is worth selling your rental property or not. For example, if you plan to just keep the money in your bank account, I would suggest NOT selling it. You make close to nothing on that money sitting in a bank.

On the other hand, if you plan to re-invest, then selling to put your money to work in a better investment may be the right move.

3. Are you sick and tired of being a landlord? Tired of dealing with tenants? Unhappy and frustrated with the process of managing the property and repairs?

If the answer is yes, then, sell! If you are not happy anymore or have become miserable being a landlord, you should not sacrifice your happiness for it. There are many other things you can invest the money on that will not make you unhappy.

RELATED: How to Find Good Tenants in Miami

Thinking of Selling Your Rental Property? Or Need Help Managing Your Rental Property?

Put our 16 plus years of experience to the test! Contact us today to find out how we can serve you!

How to Find Good Tenants in Miami

July 31, 2020July 12, 2025Mario AvalosLeave a comment

Finding good tenants in Miami can be a frustrating process. How do you know if they will be good tenants? In addition to finding good tenants, comes the hassle of managing property repairs and tenant complaints if not addressed right or on time. All this can turn into headaches!

We Remove the Stress in Finding Good Tenants and Property Management

We provide two services:

1. Finding good tenants in Miami

When you list your property or properties for rent with us, we advertise your home using our best marketing strategies to target the right tenants.

Our fee to list a property for rent is the first month rental amount. We do NOT charge any extension fees if tenants decide to renew for the years to come.

If the tenant leaves on the 11th month of the one year lease or before, we find you another tenant at NO extra listing fee!

We conduct a thorough tenant screening to find good tenants. This tenant screening consist of the following six items:

Proof of income. We make sure the rent to income ratio is 2 to 1. This means, the tenant’s monthly household income should be at least twice the rental price. In addition, we ask for verifiable proof of income (no bank statements).
Credit history. We request a full credit history to verify tenants are good on making monthly payments.
Employment verification. We verify the company or employer they work for are a legitimate company and we verify tenants employment details. If tenant is self-employ we verify tax returns.
Landlord references. We request references from their previous rentals. We verify landlord contact information matches property owner on public records.
Criminal background check. We request a criminal background check for all occupants over the age of 18.
Eviction history. We run a search on any public recorded evictions.

Download our tenant screening checklist here!

2. Property Management

Once we find you good tenants, we also offer our second service of property management. Our office will manage your rentals for a fee of just 10% of the monthly rental starting on the second month of the lease. Our management services include:

Receiving rental payments from tenants.
Manage tenant relations and complaints.
Coordinate and overlook property repairs (with landlord’s approval).
Coordinate property maintenance.
Make payments on landlord’s behalf (with landlord’s approval) to HOA, property insurance company, property taxes, and/or mortgages.
Provide a monthly statement of rental payments and expenses.

Own a Rental and Need to Find Good tenants?

Put our 16 plus years of experience to the test. Contact us to find out how we can service you!

Will Florida Go Under Water?

July 17, 2020July 18, 2020Rocio CasalesLeave a comment

So much talk about climate change and sea levels rising, here’s my opinion.

Questions on the topic? Contact me!

1 Mistake That Can Cost You Big Bucks When Selling Your Home

July 10, 2020July 12, 2025Rocio CasalesLeave a comment

Do Not Be Too Critical of Your Home

More often than not, I come across homeowners who are more critical of their home than they should be. More so, when it comes to preparing their home for sale.

When I come across an owner with a list of repairs and upgrades for their home, I have to stop them from potentially losing money! This often happens due to the fact that when living in a home, the owner will notice every small detail and think it is a big one in need of fixing.

A good example is, when you have guests over at your home, it is almost out of instinct to say “excuse the mess!” even though your home may be super clean and organized. The same thing happens when preparing to sell your home.

Get Expert Advise to Avoid Unnecessary Expenses

Do not fall into your critical perspective of your home and repair and upgrade every minor thing. Get an expert advise from a professional real estate agent on what are necessary repair expenses and what are not!

Avoid making the mistake of spending money to fix-up the home if at the end it will not make a difference at the time of sale.

In my many years of experience helping homeowners sell their home, I have been able to sell homes AS-IS and make the most profit for my client at the sale.

If you need guidance on what are necessary repairs for your home, contact me with no compromise or obligation! I am glad to help you make the right decisions to make the most of your home sale!

Curious to Know the Value of Your Home?

We are here to provide you a FREE assessment of your home to determine the true market value! Simply contact me with your information, and will send you the value right away, no obligation!