Top South Florida real estate tricks in 2024 from Kathleen Tamburino
Top South Florida real estate opportunities today by Kathleen Tamburino: Despite initial concerns of a housing market crash comparable to the Great Depression due to the pandemic, the market has remained stable. However, there are key factors to consider, such as rising home prices and potential declines in home sales due to supply-demand imbalances. The impact of higher mortgage rates and recession fears has contributed to the market’s cooling from its peak earlier this year. Nevertheless, there are other factors that may influence the market’s pace and favorability for both buyers and sellers. The market is gradually shifting away from being heavily skewed towards sellers, moving towards more balanced conditions. Buyers are still showing interest, maintaining some level of competition, particularly for attractively priced homes. See more info at Kathleen Tamburino.
Renovating improves the house value says Kathleen Tamburino : Many renovators also have a tendency to underestimate the level of work required to upgrade existing services such as electrics and heating systems to make them fit for purpose. A lot of unnecessary work can be prevented in period properties (1930s and older) by adopting a ‘repair not replace’ approach. Overhauling original doors and windows and retaining period features is often cheaper than replacement, adding value in the process by enhancing period character. In many cases, the original door and window timbers and joinery were of far better quality than today’s equivalents. Fitting secondary glazing to original windows is often a good ‘best of both worlds’ solution. If modern double-glazed units have misted, you can save a lot of work by replacing just the glazing panels, rather than the whole window. With roofs, localised repair may be all that’s needed in most cases. Surveyors can sometimes pass premature death sentences when there may be another 10 or 20 years’ lifespan left.
Choose a 15-year fixed-rate conventional mortgage. The overall lowest cost home loan is a 15-year fixed-rate mortgage. Rip-off mortgages like the 30-year mortgage, FHA, VA, USDA, and adjustable-rate ones will charge you so much extra in interest and fees and keep you in debt for decades. No thanks. Now crunch the numbers yourself with our mortgage calculator and figure out a monthly payment your budget can handle. And then work with an expert agent to find houses for sale within that budget. For more help on buying a home in this crazy market, check out our free Home Buyers Guide. It has all the answers you need to buy a home with confidence.
Excellent South Florida realtor news right now from Kathleen Tamburino: Create A List Of Amenities – When shopping for a home, list the Top 10 features (fireplace, fenced-in yard, new appliances, etc.) that are most important to you. Establishing this criteria early will save time shopping for inappropriate homes and keep you from buying a home on a whim. Your top reason for buying a home should be the value you are getting. That being said, some of your top 10 amenities could be sacrificed if an incredible value becomes available.
A Credit Card is Not Free Money: A credit card is a useful tool in your finance toolkit, but it’s not free money. When you purchase something with your credit card, you are borrowing money from the bank. If you don’t give that money back in time, the bank is going to start charging interest on your balance. This debt can build up and become a monster if you don’t pay off your balance every month. However, if you use a credit card responsibly and pay off the balance every month, it’s a good way to start building credit. Most credit cards also have other benefits such as rewards points, cash back, or travel points. So, should you have a credit card? Well, it depends. If you’re capable of paying off the balance in full every month, then you should have no problem managing a credit card and staying out of debt. PS: If you are going to use a credit card, you should monitor your credit score & credit report regularly with a free tool like Credit Sesame (or Borrowell if you’re in Canada). One last tip: Treat your credit card as a debit card. Pay it off in full every day if you have to. I try to pay off my balance every couple of weeks so that I don’t forget. I also use Trim to remind me when payment is due. See extra information at Kathleen Tamburino.
Top Florida realtor market opportunities today from Kathleen Tamburino: Engineered wood and concrete flooring has become popular modern alternatives to traditional solid wood for several reasons. Unlike solid wood floors, engineered woods and concrete flooring are composed of multiple layers of compressed timber, before being finished with a top layer of solid wood veneer. ooking for waterproof flooring? Waterproof flooring is ideal for any room – especially bathrooms, kitchens and mudrooms. When it’s waterproof, it’s worry-proof.
Buying real estate in a good school district makes it a lot easier when it comes time to sell your house in the future. Whether you’re looking to downgrade as an empty nester or upgrade into a larger house to support your family, a top school district is a big-time selling point in real estate. If you buy in a bad school district you run a greater risk of your home depreciating because you are appealing to a much smaller buyer pool. We recommend our buyers focus on specific neighborhoods vs. focusing on cities or larger areas. The neighborhood you live in is going to have a direct impact on you. What are you looking for in a neighborhood? Address this question early on in the home buying process because buying in the wrong neighborhood is a surefire way to be remorseful about buying a house.
Here are a few real estate strategies: Yes, if you’re prepping to buy a home in 2023, expect to be shocked, and not in a good way. At this point in the cycle, home prices have eclipsed old all-time highs in many parts of the country. And even if they haven’t yet, there’s a good chance you’ll be paying more than the Zestimate or Redfin Estimate for the property in question due to limited inventory and strong home buyer demand. The bad news for renters is home prices are expected to rise another 10% this year, so things are just getting more and more expensive. In short, expect to shell out a lot of dough if you want a home in 2023, and that could often mean paying over asking price, even if the original list price seems high.
If you want to sell your home, you have to get rid of the clutter…period. Anything that you have not used in at least a year or more must go. Although this may not be easy, it is well worth the trouble even if you have to use a friend’s or relative’s garage or rent a space in a storage facility. Anything that is sitting on flat surfaces such as tables and countertops must go. Floors, closets, and cupboards should also be clean and clear because this translates into more space for potential buyers.
Buying or selling a home in Florida is a legal transaction that requires expertise, understanding, and a desire to do right for your client. Kathleen brings her home buying and selling clients a unique experience and understanding of real estate. Once you become Kathleen’s client, she will think about you 24/7 until she meets all your real estate needs. As a former Business Education Teacher in NYC, she offers a dedication and tenacity you will not get with any other real estate agent.
Kathleen is focused on providing you with the best results and service in the industry. She listens carefully to understand your real estate goals and works hard to create solutions that make sense for you. Whether you are new to the market or an experienced investor, Kathleen has the expertise and resources to help you achieve your real estate goals. She understands that buying or selling a home can be a stressful and overwhelming process, which is why she makes it her top priority to guide her clients through every step of the transaction with patience and professionalism.
As is often said, real estate is about location. Kathleen has extensive knowledge of the Palm Beach County, FL area and can help you find the right home for you or the right buyer for your home.
