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noreply@blogger.com (Homekeys) — Fri, 08 Oct 2010 05:37:00 +0000

Find properties up to 50% below value for FREE!

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About Homekeys HomeXperts Inc. d/b/a Homekeys is a South-Florida based developer, integrator, and distributor of innovative Web-based content, applications and resources for the real estate market. The company offers Floridians more ways to buy and sell, all backed by Homekeys' innovative technology and services. HomeXperts Inc. d/b/a Homekeys is a real estate broker in the State of Florida licensed (License CQ1019055) by the Florida Real Estate Commission, through the Department of Business and Professional Regulation, Division of Real Estate. HomeXperts Inc. d/b/a Homekeys is an Equal Housing Opportunity Corporation and abides by the Code & Ethics of the National Association of REALTORS®.

Homekeys Weekly Market Update Features Foreclosure Furor Rises Many Call for a Freeze

noreply@blogger.com (Homekeys) — Thu, 07 Oct 2010 21:04:00 +0000

Foreclosure Furor Rises Many Call for a Freeze

The uproar over bad conduct by mortgage lenders intensified Tuesday, as lawmakers in Washington requested a federal investigation and the attorney general in Texas joined a chorus of state law enforcement figures calling for freezes on all foreclosures.

Representative Nancy Pelosi, the House speaker, and 30 other Democratic representatives from California told the Justice Department, the Federal Reserve and the comptroller of the currency that “it is time that banks are held accountable for their practices.”

In a request for an investigation into questionable foreclosure practices by lenders, the lawmakers said that “the excuses we have heard from financial institutions are simply not credible"...Read More

UNDERVALUED LISTINGS

Best Deals

Homekeys instantly identifies the “undervalued properties” by displaying search results comparing the “list value” with the “estimated value”.

Miami
	· View on Map · Listing Info · Pictures · Estimated Value · Comparable Sales
Top Ten Homes in Miami
Boca Raton
	· View on Map · Listing Info · Pictures · Estimated Value · Comparable Sales
Top Ten Homes in Boca Raton
Tampa
	· View on Map · Listing Info · Pictures · Estimated Value · Comparable Sales
Top Ten Homes in Tampa

View BestDeals in other areas.

Broward County´s Top 5 Searched Rental Locations

Where's All the Action?

Here are the top 5 zip codes in Broward County where people are searching for rentals. Find your dream home before someone else finds it first!

Rank	Location	Results
1	Miramar	View Rentals
2	Weston	View Rentals
3	Cooper City	View Rentals
4	Coral Springs	View Rentals
5	Hollywood	View Rentals

Transparency

Each week we will be featuring a video on the top right corner of our homepage to help you take full advantage of the tools Homekeys has to offer. This week´s video highlights the importance of the transparency we offer. If you have any suggestions about tips you´d like to see, feel free to Contact Us.

ValueSearch® is the only real estate power search that instantly identifies undervalued homes that meet your criteria and it´s FREE!

ValueSearch® is now available for Rentals too! Find the best deals on rentals quickly and easily using ValueSearch® for Rentals.

Watch more videos, visit our Video Tutorials page.

What A Realtor Does For You - The Critical Role Of The Realtor In The Real Estate Transaction as Provided by The Orlando Regional Realtor Association

noreply@blogger.com (Homekeys) — Thu, 07 Oct 2010 19:50:00 +0000

-The Critical Role Of The Realtor In The Real Estate Transaction

Source: Orlando Regional Realtor Association. Reprinted with permission.

Many home buyers and sellers are not aware of the true value that a Realtor provides during the course of a real estate transaction. Many people, in fact, are not cognizant of the expertise, professional knowledge, and just plain hard work that go into bringing about a successful real estate transaction.

A multitude of important services and steps required in a real estate transaction are carried out by the Realtor or the brokerage staff. Most of these steps have traditionally been viewed simply as part of a Realtor's professional responsibilities to the client. But, without them, the transaction could be placed in jeopardy.

Listed below are nearly 200 typical actions, research steps, processes, and review stages necessary for a successful residential real estate transaction that are normally provided by a full service real estate brokerage in exchange for their sales commission. Depending on the transaction, some of these steps may take minutes, hours, or even days to complete, while some may not be needed.

Comprehensiveness

The list is by no means an attempt to set forth a complete list of services, as these can vary within each brokerage and each market. Many Realtors routinely provide a wide variety of additional services that are as varied as the nature of each transaction.

By the same token, some transactions may not require every step listed. However, given the unexpected complications that can arise, it's far better to know about a step and make an intelligent, informed decision to skip it, than to not know the possibility even exists.

The Realtor Commitment

The professional commitment of a Realtor is to ensure that a seller and a buyer are brought together in an agreement that provides each with a transaction that is fair and equitable. The motivation is easy to understand. For most full-service brokerages, they receive no compensation whatsoever unless and until the sale closes.

By contrast, there are firms that offer limited services in exchange for an up-front flat fee, or offer a menu of pay-as-you-go or a la' carte options. Other real estate firms may offer a sliding scale ranging from limited to full service. In these cases, the compensation of the Realtor is based on the reduced services provided, with the seller bearing full responsibility for all of the other steps and procedures (which are normally conducted by a full service real estate firm) in the selling process.

Variety Of Choices

The variety of brokerage business models in today's real estate industry - full service, limited service, fee for service or other -- affords consumers with a greater range of options than ever before. No matter which option they choose, homeowners should understand exactly what services will, or will not, be provided by their choice of Realtor/brokerage firm before signing a Listing Agreement or otherwise engaging the services of a Realtor and agreeing to compensation.

Why Use A Realtor

Not every real estate agent or broker is a Realtor. That term and the familiar block "R" logo are trademarked by the National Association of Realtors can legally be used only by those that are Realtor members through their local association of Realtors.

While all Realtors are also state-issued licensees as agents or brokers, a major difference between a real estate licensee and a Realtor is that Realtors have taken an oath to subscribe to a stringent, enforceable Code of Ethics with Standards of Practice that promote the fair, ethical and honest treatment of all parties in a transaction. Real estate licensees (those that have a state-issued license but are not members of a Realtor association) are not bound to the ethical practices and principles set forth in the Realtor Code.

In addition, Realtor associations offer a wealth of training courses to their member Realtors, to help assure that Realtors serve their customers with the level of skill, knowledge and attention to detail required in today's real estate transaction. The continual training provided to Realtors underscores the importance of having help and guidance from someone who fully understands the process - a Realtor.

For peace of mind, ensure that the individual seeking to represent you in a real estate transaction is not just a real estate licensee, but also a Realtor.

Pre-Listing Activities

1. Make appointment with seller for listing presentation.

2. Send seller a written or e-mail confirmation of listing appointment and call to confirm.

3. Review pre-appointment questions.

4. Research all comparable currently listed properties.

5. Research sales activity for past 18 months through the Multiple Listing Service (MLS) and/or public records databases.

6. Research "Average Days on Market" for this property of this type, price range and location.

7. Download and review property tax roll information.

8. Prepare "Comparable Market Analysis" (CMA) to establish fair market value.

9. Obtain copy of subdivision plat/complex lay-out.

10. Research property's ownership and deed type.

11. Research property's public record information for lot size and dimensions.

12. Research and verify legal description.

13. Research property's land use coding and deed restrictions.

14. Research property's current use and zoning.

15. Verify legal names of owner(s) in county's public property records.

16. Prepare listing presentation package with above materials.

17. Perform exterior Curb Appeal Assessment of subject property.

18. Compile and assemble formal file on property.

19. Confirm current public schools and explain impact of schools on market value.

20. Review listing appointment checklist to ensure all steps and actions have been completed.

Listing Appointment Presentation

21. Give seller an overview of current market conditions and projections.

22. Review agent's and company's credentials and accomplishments in the market.

23. Present company's profile and position or niche in the marketplace.

24. Present CMA Results To Seller, including Comparables, Solds, Current Listings and Expireds.

25. Offer pricing strategy based on professional judgment and interpretation of current market conditions.

26. Discuss goals with seller to market effectively.

27. Explain market power and benefits of Multiple Listing Service.

28. Explain market power of web marketing, Internet Data Display and Realtor.com.

29. Explain the work the brokerage and agent do behind the scenes and agent's availability on weekends.

30. Explain agent's role in taking calls to screen for qualified buyers and protect seller from curiosity seekers.

31. Present and discuss strategic master marketing plan.

32. Explain different agency relationships and determine seller's preference.

33. Review and explain all clauses in Listing Contract and Addendum and obtain seller's signature.

Once Property Is Under Listing Agreement

34. Review current title information.

35. Measure overall and heated/air conditioned square footage.

36. Measure interior room sizes.

37. Confirm lot size via owner's copy of certified survey, if available.

38. Note any and all unrecorded property lines, agreements, easements.

39. Obtain house plans, if applicable and available.

40. Review house plans and make copy.

41. Order plat map for retention in property's listing file.

42. Prepare showing instructions for buyers' agents and agree on showing time window with seller.

43. Obtain current mortgage loan(s) information: companies and loan account numbers.

44. Verify current loan information with lender(s).

45. Check assumability of loan(s) and any special requirements.

46. Discuss possible buyer financing alternatives and options with seller.

47. Review current appraisal if available.

48. Identify Home Owner Association manager if applicable.

49. Verify Home Owner Association Fees with manager - mandatory or optional and current annual fee.

50. Order copy of Homeowner Association bylaws, if applicable.

51. Research electricity availability and supplier's name and telephone number.

52. Calculate average utility usage from last 12 months of bills.

53. Research and verify city sewer/septic tank system.

54. Water System: Calculate average water fees or rates from last 12 months of bills.

55. Well water: Confirm well status, depth and output from Well Report.

56. Natural gas: Research/verify availability and supplier's name and telephone number.

57. Verify security system, current term of service and whether owned or leased.

58. Verify if seller has transferable Termite Bond.

59. Ascertain need for lead-based paint disclosure.

60. Prepare detailed list of property amenities and assess market impact.

61. Prepare detailed list of property's "Inclusions & Conveyances with Sale."

62. Compile list of completed repairs and maintenance items.

63. Send "Vacancy Checklist" to seller if property is vacant.

64. Explain benefits of Home Owner Warranty to seller.

65. Assist sellers with completion and submission of Home Owner Warranty Application.

66. When received, place Home Owner Warranty in property file for conveyance at time of sale.

67. Have extra key made for lockbox.

68. Verify if property has rental units involved. If so:

69. - Make copies of all leases for retention in listing file.

70. - Verify all rents and deposits.

71. - Inform tenants of listing and discuss how showings will be handled.

72. Arrange for installation of yard sign(s).

73. Assist seller with completion of Seller's Disclosure form.

74. Complete "New Listing Checklist."

75. Review results of Curb Appeal Assessment with seller and provide suggestions to improve salability.

76. Review results of Interior DÃ©cor Assessment and suggest changes to shorten time on market.

77. Load listing into transaction management software program.

Entering Property in Multiple Listing Service Database

78. Prepare MLS Profile Sheet - Realtor is responsible for quality control and accuracy of listing data.

79. Enter property data from Profile Sheet into MLS Listing Database.

80. Proofread MLS database listing for accuracy - including proper placement in mapping function.

81. Add property to company's Active Listings list.

82. Provide seller with signed copies of Listing Agreement and MLS Profile Sheet Data Form within 48 hours.

83. Take additional photos for upload into MLS and use in flyers. Discuss efficacy of panoramic/virtual tour photography.

Marketing The Listing

84. Create print and Internet ads with seller's input.

85. Coordinate showings with owners, tenants, and other Realtors. Return all calls - weekends included.

86. Install electronic lockbox if authorized by owner. Program lockbox with agreed-upon showing time windows.

87. Prepare mailing and contact list.

88. Generate mail-merge letters to contact list.

89. Order "Just Listed" labels and reports.

90. Prepare flyers and feedback faxes.

91. Review comparable MLS listings regularly to ensure property remains competitive in price, terms, conditions and availability.

92. Prepare property marketing brochure for seller's review.

93. Arrange for printing or copying of supply of marketing brochures or flyers.

94. Place marketing brochures in all company agent mail boxes.

95. Upload listing to company and agent Internet site, if applicable.

96. Mail Out "Just Listed" notice to all neighborhood residents.

97. Advise Network Referral Program of listing.

98. Provide marketing data to buyers coming through international relocation networks.

99. Provide marketing data to buyers coming from referral network.

100. Provide "Special Feature" cards for marketing, if applicable.

101. Submit ads to company's participating Internet real estate sites.

102. Price changes conveyed promptly to all Internet groups.

103. Reprint/supply brochures promptly as needed.

104. Loan information reviewed and updated in MLS as required.

105. Feedback e-mails/faxes sent to buyers' agents after showings.

106. Review weekly Market Study.

107. Review lockbox reports to study home showing traffic.

108. Discuss lockbox showing reports and feedback from showing agents with seller to determine if changes will accelerate the sale.

109. Place regular weekly update calls to seller to discuss marketing and pricing.

110. Promptly enter price changes in MLS listing database.

The Offer And Contract

111. Receive and review all Offer to Purchase contracts submitted by buyers or buyers' agents.

112. Evaluate offer(s) and prepare a "net sheet" on each for the owner for comparison purposes.

113. Counsel seller on offers. Explain merits and weakness of each component of each offer.

114. Contact buyers' agents to review buyer's qualifications and discuss offer.

115 Fax/deliver Seller's Disclosure to buyer's agent or buyer upon request and prior to offer if possible.

116. Confirm buyer is pre-qualified by calling loan officer.

117. Obtain pre-qualification letter on buyer from loan officer.

118. Negotiate all offers on seller's behalf, setting time limit for loan approval and closing date.

119. Prepare and convey any counter offers, acceptance or amendments to buyer's agent.

120. Fax copies of contract and all addendums to closing attorney or title company.

121. When Offer to Purchase Contract is accepted and signed by seller, deliver to buyer's agent.

122. Record and promptly deposit buyer's earnest money in escrow account.

123. Disseminate "Under-Contract Showing Restrictions" as seller requests.

124. Deliver copies of fully signed Offer to Purchase contract to seller.

125. Fax/deliver copies of Offer to Purchase contract to Selling Agent.

126. Fax copies of Offer to Purchase contract to lender.

127. Provide copies of signed Offer to Purchase contract for office file.

128. Advise seller in handling additional offers to purchase submitted between contract and closing.

129. Change status in MLS to "Sale Pending."

130. Update MLS and transaction management program to show 'Sale Pending."

131. Review buyer's credit report results -- advise seller of worst and best case scenarios.

132. Provide credit report information to seller if property will be seller-financed.

133. Assist buyer with obtaining financing, if applicable and follow-up as necessary.

134. Coordinate with lender on discount points being locked in with dates.

135. Deliver unrecorded property information to buyer.

136. Order septic system inspection, if applicable.

137. Receive and review septic system report and assess any possible impact on sale.

138. Deliver copy of septic system inspection report lender and buyer.

139. Deliver Well Flow Test Report copies to lender and buyer and property listing file.

140. Verify termite inspection ordered.

141. Verify mold inspection ordered, if required.

Tracking The Loan Process

142. Confirm verifications of deposit and buyer's employment have been returned.

143. Follow loan processing through to the underwriter.

144. Add lender and other vendors to transaction management program so agents, buyer and seller can track progress of sale.

145. Contact lender weekly to ensure processing is on track.

146. Relay final approval of buyer's loan application to seller.

Home Inspection

147. Coordinate buyer's professional home inspection with seller.

148. Review home inspector's report.

149. Enter completion into transaction management tracking software program.

150. Explain seller's responsibilities with respect to loan limits and interpret any clauses in the contract.

151. Ensure seller's compliance with Home Inspection Clause requirements.

152. Recommend or assist seller with identifying and negotiating with trustworthy contractors to perform any required repairs.

153. Negotiate payment and oversee completion of all required repairs on seller's behalf, if needed.

The Appraisal

154. Schedule appraisal.

155. Provide comparable sales used in market pricing to appraiser.

156. Follow-Up on appraisal.

157. Enter completion into transaction management program.

158. Assist seller in questioning appraisal report, if questions arise.

Closing Preparations And Duties

159. Contract is signed by all parties.

160. Coordinate closing process with buyer's agent and lender.

161. Update closing forms and files.

162. Ensure all parties have all forms and information needed to close the sale.

163. Select location where closing will be held.

164. Confirm closing date and time and notify all parties.

165. Assist in solving any title problems (boundary disputes, easements, etc) or in obtaining Death Certificates.

166. Work with buyer's agent in scheduling and conducting buyer's final walk-through prior to closing.

167. Research all tax, Home Owner Association, utility and other applicable prorations.

168. Request final closing figures from closing agent (attorney or title company).

169. Receive and carefully review closing figures to ensure accuracy of preparation.

170. Forward verified closing figures to buyer's agent.

171. Request copy of closing documents from closing agent.

172. Confirm buyer and buyer's agent have received title insurance commitment.

173. Provide Home Owners Warranty for availability at closing.

174. Review all closing documents carefully for errors.

175. Forward closing documents to absentee seller as requested.

176. Review documents with closing agent (attorney).

177. Provide earnest money deposit check from escrow account to closing agent.

178. Coordinate this closing with seller's next purchase and resolve any timing problems.

179. Have a "no surprises" closing so that seller receives a net proceeds check at closing.

180. Refer sellers to a Realtor at their destination, if applicable.

181. Change MLS status to Sold. Enter sale date, price, selling broker and agent's ID numbers, etc.

182. Close out listing in transaction management program.

Follow Up After Closing

Increase your chances of getting your dream house in a competitive

noreply@blogger.com (Homekeys) — Tue, 14 Sep 2010 07:00:00 +0000

1. Get prequalified for a mortgage. You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.

2. Stay in close contact with your real estate agent to find out about the newest listings. Be ready to see a house as soon as it goes on the market — if it’s a great home, it will go fast.

3. Scout out new listings yourself. Look at websites where you can browse mls listings, look through your local newspaper’s real estate section, and drive through the neighborhood to spot "For Sale" signs. If you see a home you like, write down the address and the name of the listing agent. Your real estate agent will schedule a showing.

4. Be ready to make a decision. Spend a lot of time in advance deciding what you must have in a home so you won’t be unsure when you have the chance to make an offer.

5. Bid competitively. You may not want to start out offering the absolute highest price you can afford, but don’t go too low to get a deal. In a tight market, you’ll lose out.

6. Keep contingencies to a minimum. Restrictions such as needing to sell your home before you move or wanting to delay the closing until a certain date can make your offer unappealing. In a tight market, you’ll probably be able to sell your house rapidly. Or talk to your lender about getting a bridge loan to cover both mortgages for a short period.

7. Don’t get caught in a buying frenzy. Just because there’s competition doesn’t mean you should just buy it. And even though you want to make your offer attractive, don’t neglect inspections that help ensure that your house is sound.

How Big of a Mortgage Can I Afford?

noreply@blogger.com (Homekeys) — Mon, 13 Sep 2010 07:00:00 +0000

Not only does owning a home give you a haven for yourself and your family, it also makes great financial sense because of the tax benefits — which you can’t take advantage of when paying rent.

The following calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too. Based on your current rent, use this calculation to figure out how much mortgage you can afford.

Rent: _________________________

Multiplier: x 1.32

Mortgage payment: _________________________

Because of tax deductions, you can make a mortgage payment — including taxes and insurance — that is approximately one-third larger than your current rent payment and end up with the same amount of income.

Does Moving Up Make Sense?

noreply@blogger.com (Homekeys) — Sun, 12 Sep 2010 07:00:00 +0000

These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.

1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.

2. Has your income or financial situation improved? If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving.

3. Have you outgrown your neighborhood? The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you’d like to be closer to your job or live in a better school district.

4. Are there reasons why you can’t remodel or add on? Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.

5. Are you comfortable moving in the current housing market? If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.

6. Are interest rates attractive? A low rate not only helps you buy a larger home, but also makes it easier to find a buyer.

5 Feng Shui Concepts to Help a Home Sell

noreply@blogger.com (Homekeys) — Sat, 11 Sep 2010 07:00:00 +0000

To put the best face on a listing and appeal to buyers who follow feng shui principles, keep these tips in mind.

1. Pay special attention to the front door, which is considered the “mouth of chi” (chi is the “life force” of all things) and one of the most powerful aspects of the entire property. Abundance, blessings, opportunities, and good fortune enter through the front door. It’s also the first impression buyers have of how well the sellers have taken care of the rest of the property. Make sure the area around the front door is swept clean, free of cobwebs and clutter. Make sure all lighting is straight and properly hung. Better yet, light the path leading up to the front door to create an inviting atmosphere.

2. Chi energy can be flushed away wherever there are drains in the home. To keep the good forces of a home in, always keep the toilet seats down and close the doors to bathrooms.

3. The master bed should be in a place of honor, power, and protection, which is farthest from and facing toward the entryway of the room. It’s even better if you can place the bed diagonally in the farthest corner. Paint the room in colors that promote serenity, relaxation, and romance, such as soft tones of green, blue, and lavender.

4. The dining room symbolizes the energy and power of family togetherness. Make sure the table is clear and uncluttered during showings. Use an attractive tablecloth to enhance the look of the table while also softening sharp corners.

5. The windows are considered to be the eyes of the home. Getting the windows professionally cleaned will make the home sparkle and ensure that the view will be optimally displayed.

Source: Sell Your Home Faster With Feng Shui by Holly Ziegler (Dragon Chi Publications, 2001)

7 Reasons to Own Your Home

noreply@blogger.com (Homekeys) — Fri, 10 Sep 2010 20:30:00 +0000

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.

3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.

6. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.

7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

Online resources: www.homekeys.com

Home for Sale in Hollywood, Florida - $59,900

noreply@blogger.com (Homekeys) — Thu, 09 Sep 2010 15:10:00 +0000

MLS Listing Id: D1410367 Price: $59,900 Listed 66% Below Value: $176,426

Address: 6300 MAYO ST

City, State Zip: Hollywood, FL 33023

Property Type: Single Family Home

Bedrooms: 3

Bathrooms: 1

Living Area: 1,320 sqft

Year Built: 1956

Seller REQUIRES Buyer obtain a free prequalification letter from Wells Fargo Home Mortgage, an entity which is a joint venture with Wells Fargo Home Mortgage, or the Neighborhood Assistance Corporation of America (NACA). Free pre-qualification can be obtained online.

Sold as it, Northern Exposure, Cncrete Block Stucco, Lot Size 1/4 an Acre or Less, Foreclosure, 1 carport, public sewer service, covered parking area, public water supply, and more!

Home for Sale in Kendall at $49,500

noreply@blogger.com (Homekeys) — Wed, 08 Sep 2010 20:56:00 +0000

MLS Listing Id: D1399834 Price: $49,500 Listed 52% Below Value: $103,685

Address: 6504 SW 114 PL C-79

City, State Zip: Miami, FL 33173

Community Name: Snapper Village

Property Type: Condo/Town Home

Bedrooms: 2

Bathrooms: 2

Living Area: 1,390 sqft

Year Built: 1977

Townhome located in gated Snapper Village- With 2 floors this unit has lots of potential. This is a Bank owned Foreclosure being sold As Is. Seller will select the closing agent and hold escrow- All offers must be presented with Pre-Approval Letter. Community has lots of ammenities to offer and located within walking distance to shopping and transportation. Offers easy access to The Florida Turnpike. Agents please see broker remarks below- Great opportunity with Guard Gate.

Pets allowed, Pet restrictions, Community, childrens play area, Community swimming pool(s), Gated community, On-site guard, Concrete block stucco, Patio, Foreclosure, Carpet, Tile flooring, 1 parking place, Master bedroom upstairs, Townhouse style.

Home For Sale in Ramblewood, Coral Springs - F1090555

noreply@blogger.com (Homekeys) — Tue, 07 Sep 2010 15:02:00 +0000

Advertisement brought to you by Homekeys. Availability changes daily, please visit
http://www.homekeys.com/ or call 877-325-8258 for details. Hablamos Español

Home For Sale in Ramblewood, Coral Springs
Ramblewood / $209900 BEAUTIFUL SINGLE FAMILY HOME IN THE HEART OF CORAL SPRINGS. UPGRADED KITCHEN TO INCLUDE WOOD CABINETS AND GRANITE COUNTERTOPS, UPGRADED BATHROOMS, HOME WITH FIREPLACE, COVERED PATIO, ACCORDION SHUTTERS AND POOL. ESTABLISHED NEIGHBORHOOD, GREAT SCHOOLS... View more pictures and information on this property. View all homes for sale, bank owned, short sales and foreclosed properties.
Based on information from the Local Area Board of Realtors on 09/03/2010, this property was listed by One World Properties.

Rent condo apartment in Bal Harbour,Florida

noreply@blogger.com (Homekeys) — Mon, 04 Jan 2010 17:11:00 +0000

Looking to rent condo apartment in Bal Harbour?
Bal Harbour is an oasis of pampering and privilege with its oceanfront resorts, fine dining and shopping. Only minutes from Miami and Fort Lauderdale, Bal Harbour is home to the renowned Bal Harbour Shops, the world's most complete collection of luxury fashion houses. Bal Harbour also offers unparalleled oceanfront resorts where fine dining, sun, surf and luxury are a way of life. Water sports, boating, fishing, and tennis are just a few of the outdoor activities residents enjoy
Find the best deals for your money at http://www.homekeys.com/ or call us at 877.325.8258.

Condo for Rent Sunny Isles Beach

noreply@blogger.com (Homekeys) — Wed, 30 Dec 2009 17:10:00 +0000

Looking for condo apartment for rent in Sunny Isles Beach? Sunny Isles Beach is referred to as the City of Sun and Sea, and is located on in the northeast corner of Miami-Dade County. Sunny Isles Beach is midway between downtown Miami and Fort Lauderdale with easy access to entertainment, sports, recreational facilities, and tourist attractions. Almost one million vacationers visit Sunny Isles Beach annually to enjoy the 2 ½ mile-long fine sand beach and outdoor amenities. Water sports, boating, fishing, and tennis are just a few of the outdoor activities residents enjoy. As well as abundant shopping, dining and entertainment located nearby.
Find the best deals for your money at http://www.homekeys.com/ or call us at 877.325.8258.

Sunny Isles Beach Condo for Rent

noreply@blogger.com (Homekeys) — Wed, 30 Dec 2009 17:05:00 +0000

Looking to rent condo apartment in Sunny Isles Beach? Sunny Isles Beach is referred to as the City of Sun and Sea, and is located on in the northeast corner of Miami-Dade County. Sunny Isles Beach is midway between downtown Miami and Fort Lauderdale with easy access to entertainment, sports, recreational facilities, and tourist attractions. Almost one million vacationers visit Sunny Isles Beach annually to enjoy the 2 ½ mile-long fine sand beach and outdoor amenities. Water sports, boating, fishing, and tennis are just a few of the outdoor activities residents enjoy. As well as abundant shopping, dining and entertainment located nearby.
Find the best deals for your money at http://www.homekeys.com/ or call us at 877.325.8258.

Estimating Property Values

noreply@blogger.com (Homekeys) — Wed, 30 Dec 2009 16:19:00 +0000

ESTIMATING VALUE IS A COMBINATION OF ART AND SCIENCE
Homekeys was the first company in the US that offered FREE online estimations of property values to the residents of the State of Florida. Our Realtors believe their clients should have transparent access to all elements needed to make rational buying and selling decisions, and what can be more important that “property values”.
Estimating property values is easier said than done. Without exception, we all believe what we have is worth more than what it is actually worth to others. And this “gap in perception of value” becomes bigger during tough economic times as we are going thru now.
The challenge is to establish an objective, unemotional baseline for buyers and sellers so distressed sales and emotional purchases become the exception, not the rule.
It is no secret that sellers want to sell high and buyers want to buy low. But they often arrive at the negotiating table with very different ideas on price. A fair and objective property valuation can help buyers and sellers find common ground and streamline the negotiation process.
In the end, the property is worth what a buyer is willing to pay. But to help both buyers and sellers achieve their goals, both should have a fair and objective estimate of property value.
Unfortunately, even objective estimates are still estimates, and there is no way to assure 100% accuracy:
· Appraisals performed by a certified appraiser are not 100 percent accurate.
· CMA’s (Comparable Market Analysis) and BPOs (Broker Price Opinions) performed by a licensed broker or agent are not 100 percent accurate.
· AVM (Automated Valuation Model) technology is not 100 percent accurate.
All these methods, when properly executed, can provide a good indication of value.
However, we need to keep in mind that estimating value is a combination of art and science. Regardless of how scientific the approach, the actual sale price is subject to the unique variables of each property transaction: property condition, upgrades, current market conditions, circumstances of the sale and individual tastes.
For property owners, pricing correctly is a key to a successful sale.
1. Under-pricing can result in a fast sale, but carries the risk of leaving money on the table.
2. Sellers who price too high may find their properties lingering on the market, and statistics show that values can erode at a rate of about 1.5 percent per month.
3. Longer sales also increase the likelihood of a “distressed sale” when sellers become frustrated or encounter difficult financial circumstances.
Likewise, buyers should avoid emotional purchases. Overpaying because of "falling in love” with a home is common.
The science of AVMs
To determine a good baseline value for a property, Homekeys searches thousands of property records for comparable sales or “comps.” Homekeys uses advanced statistical models and proprietary algorithms and formulas to find the best comparable properties available. In addition to property characteristics, the system evaluates how recent comparable sales are and how close properties are from the property being evaluated. Once a base property value estimate is determined, it’s time to check active listings to see what similar properties are selling for.
The art of AVMs
The art portion of estimating value begins with understanding how comparable sales and active listings compare to the property being evaluated. Since they are nearby, it’s a good idea to drive by comparable sales and listed properties to see how they compare. To help you stay organized, you may want to use a buyer checklist when visiting properties.
After researching comparable sales and active listings, it’s time for the personal touch. Sellers know their own property and neighborhood better than anyone, so they are able to adjust base values according to individual property characteristics. Buyers can make similar adjustments as they visit properties to help formulate an asking price.
Depending on your research, a “market adjustment” may be warranted. If active listings are priced higher than your base estimated value, an upward adjustment may be appropriate. If prices are lower, a downward adjustment might be in order.
Finally, Homekeys enables buyers and sellers to make other value adjustments based on individual property characteristics and condition. Based on a seller’s knowledge or a buyer’s research, appropriate value adjustments can help both parties arrive at a fair selling price.
And though no property valuation system is perfect, AVMs can provide objective valuation estimates quickly and inexpensively, and the technology is improving all the time. As AVM technology continues to evolve and improve, it may prove to be a key to less-stress, more enlightened real estate transactions in the future.

Homes for Rent in Miami Beach

noreply@blogger.com (Homekeys) — Wed, 30 Dec 2009 15:57:00 +0000

Advertisement brought to you by Homekeys based on information from the Local Area Board of Realtors on 12/28/2009.This property was listed by Bedrock Properties, LLC.
Harriet Court / $1500--TOTAL RENOVATION W/SPECTACULAR FINISHES. THIS UPSTAIRS CORNER UNIT IS VERY BRIGHT AND OVERLOOKS LUSH COURTYARD AND POOL. HIGH VAULTED CEILINGS, BEAUTIFUL WOOD FLOORS, NEW KITCHEN WITH EUROPEAN STYLE CABINETS, GRANITE COUNTER TOPS, SS APPLIANCES, AND W/D IN UNIT.
CLICK HERE for more pictures and information on this property.
CLICK HERE to Search 1000's of Houses and Condos for Rent.
Advertisement brought to you by Homekeys .
Availability changes daily, please visit http://www.homekeys.com/Rental or call 877-325-8258 for details. Hablamos Español

Homekeys Weekly Newsletter

noreply@blogger.com (Homekeys) — Tue, 29 Dec 2009 15:44:00 +0000

Follow Us On:
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FEATURED ARTICLE
The Time to Buy is Always Right When You Buy For the Right Reason
Don't let the chorus of experts confuse you. These experts are the same that took us to where we are by selling a market that was totally unsustainable. Over the next year, general market conditions for home buying may get better - or worse - than they are today... Read More
Real Estate Headlines
Nervous Wrecks
Lenders' failure at mortgage modifications puts homeowners on edgeMarketWatch.gov
Citigroup, Fannie and Freddie Suspend Evictions for Holidays
Mortgage servicers and foreclosure attorneys to suspend evictions for occupied single-family homesMarketWatch.com
Mortgage Rates Rise
30-year fixed-rate mortgage stays below 5%, continuing seven-week streakMarketWatch.com
Pay the Mortgage or Walk Away?
The question more Americans are asking as the housing market continues to dragMarketWatch.com
Housing Starts Rebound in November
Multifamily starts jump 67.3%MarketWatch.com
Mortgage Applications Rose Slightly Last Week: MBA
Applications for mortgages rose a seasonally adjusted 0.3% last weekMarketWatch.com
More Declines Expected in SW FL Markets
Fort Myers/Naples area continues to be plagued by high unemployment and foreclosuresFREJ.com
Foreclosure Filings Skyrocket in Palm Beach, Broward, Miami-Dade
Lenders filed more than 7,000 notices in November against property ownersSun-Sentinel.com
Simple Mistakes Can Undercut the Best Home Sales
Problems can arise if the school district, ZIP Code, number of bedrooms or map coordinates are inaccurateSun-Sentinel.com

WHAT'S GOING ON IN MY NEIGHBORHOOD?
Research Links
• What's My Home Worth• Just Sold• Active Listings• Best For Sale Deals• Active Rentals• Best Rental Deals

SEARCH TIPS
Using the Research Parcel
Each week we will be featuring a new tip to help you take full advantage of the tools Homekeys has to offer. This week's tip is "Using the Research Parcel." If you have any suggestions about tips you'de like to see, feel free to Contact Us.
The Research Parcel is a very useful tool when you want to know information on properties surrounding the one you are interested in. This is a great feature because you can go through the neighborhood of the property you�re looking at and get an idea of what other homes in the area are worth and what they sold for in the past.
Click the button to activate the tool and then click on the center of a property. A window will pop up with the property�s address and estimated value. You have the option to view details, which will give you the county record information on the property. In addition, you can choose from aerial view, comparables, or estimated value.

When you close the pop-up window a yellow box with the estimated value will be placed on top of the property. You can do this for as many properties as you like.
The Research Parcel works a little different when it comes to condos. When you click on a condo building you will get a list of the units inside. From there you can select a unit and get all the same information you would get from any other property. When you close the pop up window, now the yellow box displays the number of units in that building.
Next weeks tip - Searching for Rentals
Real Estate questions? Search help?What do you want to see in the next newsletter?Email Us

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South Beach Living....

noreply@blogger.com (Homekeys) — Thu, 12 Nov 2009 20:57:00 +0000

SOBE....a seductive world of art, fashion, Art Deco architecture, high stakes real estate, international business, tropical bohemia, and sexual adventure....Let our team help you buy or rent a piece of the action.... http://www.homekeys.com/

Condo For Rent in Akoya Condo, Miami Beach

noreply@blogger.com (Homekeys) — Thu, 12 Nov 2009 20:52:00 +0000

Enjoy total luxury at the spectacular Akoya condo! This Akoya is located directly on the ocean. This beautiful 1BR/1.5 BA residence features: Stainless steel appliances, granite counter tops, marble baths, walk-in closets, floor to ceiling glass windows, private terrace w/glass railings. Building offers 1st class amenities: 24 hr sec, valet, pool, tennis, spa, state of the art fitness room, indoor racquetball, putting green & more!

For pictures and information on this property visit www.homekeys.com and enter
MLS number D1351409

this property was listed by Beachfront Realty, Inc

South Beach Living- Sales and Rentals

noreply@blogger.com (Homekeys) — Thu, 12 Nov 2009 20:41:00 +0000

South Beach . . . where the bronzed and the beautiful work, play, shop, and let loose . . . where money and sex flow like the ocean surf . . . where stately palms sway over the languid curves and artful angles of a world of deco delight . . .

Lest us help you live the SOBE life... www.homekeys.com

Condo For Rent in The Collins, Miami Beach

noreply@blogger.com (Homekeys) — Thu, 12 Nov 2009 20:34:00 +0000

Great building in the North Miami Beach area. This unit has a direct oceanview from the family room. The unit is upgraded with marble floors, new carpet in bedrooms, granite counter tops in kitchen, granite in bathrooms, fresh coat of paint, wash and dryer in the unit. Building has a wonderful pool area and awesome beach area. This unit is also available for seasonal rent and for sale. Owner is financially very strong, no worries of unit going to short sale or foreclosure!

For pictures and information on this property visit www.homekeys.com and enter
MLS number F1026716

this property was listed by Fortune International Weston

CondoFor Sale in Royal Embassy Condo, Miami Beach

noreply@blogger.com (Homekeys) — Wed, 11 Nov 2009 13:44:00 +0000

Lowest Price Unit in Area!! Great high floor corner unit, wrap around balconies with fantastic views of ocean and intracoastal from every single room. Spacious 2/2, large master and large walk-in closet. In door assigned garage. 24 hr doorman and security. AC and cable incl in maintenance. Renovated Gym, party room and library.

For pictures and information on this property visit www.homekeys.com and enter
MLS number D1315649

this property was listed by Beachfront Realty, Inc.

2 bed room condo for sale in south beach

noreply@blogger.com (Homekeys) — Wed, 11 Nov 2009 13:37:00 +0000

Bright and spacious unit, in mint condition, spectacular ocean views. Full size washer & dryer in the unit, marble floors though out. This building was redone in 2004 with impeccable modern taste. Owner will consider selling furnishings separately.

For pictures and information on this property visit www.homekeys.com and enter

MLS number D1358683

this property was listed by Prudential Florida Realty

Condo For Sale in The Waverly, Miami Beach--Water Views

noreply@blogger.com (Homekeys) — Wed, 11 Nov 2009 13:30:00 +0000

Pre-Foreclosure!Upgraded! EXCELLENT LOCATION!!!!! 1350 SQFT apartment!!! Gorgeous views of Miami Beach, Ocean and Bay from this unit. Building offers bayfront pool and gym, 24 hour valet and security, tennis court, party room, billiards,ATM, wine shop,Yoga classes, spinning, BBQ area etc !

For pictures and information on this property visit www.homekeys.com and eneter MLS number F1011451

this property was listed by RE/MAX Partners

1 bed Room Condo For Sale in The Collins, Miami Beach--South Beach

noreply@blogger.com (Homekeys) — Wed, 11 Nov 2009 13:20:00 +0000

Unit Leased For 1 Yr Perfect For Investor. Professionally Decorated & Completely Remodeled- Top Of The Line Appliances, Granite Tops In Kitchen & Bathrooms, Full Size Washer & Dryer, Valet Service, Full Size Gym

For pictures and information on this property visit http://www.homekeys.com/and enter MLS listing number D1288913

this property was listed by M Investment Realty, Inc

Homekeys

Untitled

Homekeys Weekly Market Update Features Foreclosure Furor Rises Many Call for a Freeze

FEATURED ARTICLE - OCTOBER 07, 2010

Foreclosure Furor Rises Many Call for a Freeze

UNDERVALUED LISTINGS

Best Deals

Broward County´s Top 5 Searched Rental Locations

Where's All the Action?

FEATURED VIDEO

Transparency

What A Realtor Does For You - The Critical Role Of The Realtor In The Real Estate Transaction as Provided by The Orlando Regional Realtor Association

Increase your chances of getting your dream house in a competitive

How Big of a Mortgage Can I Afford?

Does Moving Up Make Sense?

5 Feng Shui Concepts to Help a Home Sell

7 Reasons to Own Your Home

Home for Sale in Hollywood, Florida - $59,900

Home for Sale in Kendall at $49,500

Home For Sale in Ramblewood, Coral Springs - F1090555

Advertisement brought to you by Homekeys. Availability changes daily, please visit
http://www.homekeys.com/ or call 877-325-8258 for details. Hablamos Español

Home For Sale in Ramblewood, Coral Springs

Ramblewood / $209900

Based on information from the Local Area Board of Realtors on 09/03/2010,
this property was listed by One World Properties.

Rent condo apartment in Bal Harbour,Florida

Condo for Rent Sunny Isles Beach

Sunny Isles Beach Condo for Rent

Estimating Property Values

Homes for Rent in Miami Beach

Homekeys Weekly Newsletter

South Beach Living....

Condo For Rent in Akoya Condo, Miami Beach

South Beach Living- Sales and Rentals

Condo For Rent in The Collins, Miami Beach

CondoFor Sale in Royal Embassy Condo, Miami Beach

2 bed room condo for sale in south beach

Condo For Sale in The Waverly, Miami Beach--Water Views

1 bed Room Condo For Sale in The Collins, Miami Beach--South Beach

Homekeys

Untitled

Homekeys Weekly Market Update Features Foreclosure Furor Rises Many Call for a Freeze

FEATURED ARTICLE - OCTOBER 07, 2010

Foreclosure Furor Rises Many Call for a Freeze

UNDERVALUED LISTINGS

Best Deals

Broward County´s Top 5 Searched Rental Locations

Where's All the Action?

FEATURED VIDEO

Transparency

What A Realtor Does For You - The Critical Role Of The Realtor In The Real Estate Transaction as Provided by The Orlando Regional Realtor Association

Increase your chances of getting your dream house in a competitive

How Big of a Mortgage Can I Afford?

Does Moving Up Make Sense?

5 Feng Shui Concepts to Help a Home Sell

7 Reasons to Own Your Home

Home for Sale in Hollywood, Florida - $59,900

Home for Sale in Kendall at $49,500

Home For Sale in Ramblewood, Coral Springs - F1090555

Advertisement brought to you by Homekeys. Availability changes daily, please visit http://www.homekeys.com/ or call 877-325-8258 for details. Hablamos Español

Home For Sale in Ramblewood, Coral Springs

Ramblewood / $209900

Based on information from the Local Area Board of Realtors on 09/03/2010, this property was listed by One World Properties.

Rent condo apartment in Bal Harbour,Florida

Condo for Rent Sunny Isles Beach

Sunny Isles Beach Condo for Rent

Estimating Property Values

Homes for Rent in Miami Beach

Homekeys Weekly Newsletter

South Beach Living....

Condo For Rent in Akoya Condo, Miami Beach

South Beach Living- Sales and Rentals

Condo For Rent in The Collins, Miami Beach

CondoFor Sale in Royal Embassy Condo, Miami Beach

2 bed room condo for sale in south beach

Condo For Sale in The Waverly, Miami Beach--Water Views

1 bed Room Condo For Sale in The Collins, Miami Beach--South Beach

Advertisement brought to you by Homekeys. Availability changes daily, please visit
http://www.homekeys.com/ or call 877-325-8258 for details. Hablamos Español

Based on information from the Local Area Board of Realtors on 09/03/2010,
this property was listed by One World Properties.