Should You Sell Before You Buy?

Looking to purchase a Miami Home?  Perform a full home search,     Looking to sell your Miami home ? Get a FREE Home Value Report

Should you sell your current home before you buy? It's a crucial question, and one we get all the time, so today we'll answer it for you.

If you sell before you buy, you will have more cash to bring to the table once you find the perfect home. Not only will you be in a better negotiating position, but you'll also have a better idea of what you can afford when looking for a new home.

Selling before you buy will also save you from having to deal with two mortgages at once, since you have no idea how long it will take your home to sell. In addition to the time it takes to find an interested buyer, there are plenty of steps between the offer and the closing that can slow things down.

When you sell first, you have more freedom to sell on your own terms. You will have more bargaining power because you won't be under pressure to unload your property quickly as you're still searching for a new home. You will be more comfortable considering several offers and making counteroffers.

If you have questions about the selling process, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you!

How to Avoid Disaster When Buying New Construction in Miami

Looking to purchase a Miami Home?  Perform a full home search,  
Looking to sell your Miami home ? Get a FREE Home Value Report

 Today, we want to discuss some of the crucial mistakes people make when buying a new home and how you can avoid them! Here are some of the pitfalls buyers fall victim to:

1. Buying into half-finished developments: Many housing developments are only half-built. Keep a healthy dose of skepticism about these scenarios. It may be that you are buying into a development or community that will never be completed or that will take a very long time to finish. Worst case scenario, you'll be stuck with an unsellable house in an unfinished community.
2. Being fooled by the picture-perfect model home: Model homes are always decorated and dressed to look magnificent. Developers and designers use many techniques to make the model home appear bigger than it actually is.
3. Failing to get a completion clause: When will the home be finished? When purchasing a new construction home, you are at the mercy of the builder's timelines. When is the home scheduled to be completed? Does it match your needs? Make sure you get a cancellation clause or a refund-of-deposit clause if the builder fails to complete the home by the agreed upon date.
4. Waiving your inspection: Just because you're buying a brand new home, it's not wise to bypass the inspection process just to save a few hundred dollars. In fact, it's crucial to get expert eyes on the home as it is being built.

If you have any questions about buying a new home, or if you would like real estate assistance of any kind, give us a call or shoot us an email. We would love to help make your real estate dreams a reality!