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.
The Latest News in Real Estate Featuring News on Homes for Sale, Homes for Rent, Selling a Home, and Much More!
Wednesday, December 30, 2009
Sunny Isles Beach Condo for Rent
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.
Find the best deals for your money at http://www.homekeys.com/ or call us at 877.325.8258.
Estimating Property Values
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.
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
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
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
Tuesday, December 29, 2009
Homekeys Weekly Newsletter
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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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