High quality South Florida real estate strategies 2024 by Kathleen Tamburino: Market Dynamics and Homeowner Decisions – The reasons behind homeowners’ decisions to sell are varied, ranging from financial distress and divorce to relocation. However, Florida’s large inventory of residential and vacation properties, coupled with its extensive home price appreciation, has created a fertile ground for motivated sellers. Despite the challenges posed by high insurance rates and interest rate hikes, the demand for properties in Florida remains strong. This resilience suggests that motivated sellers might not need to significantly lower their prices to attract buyers, as the state’s job market and overall appeal continue to draw interest from across the country. Find additional details at Kathleen Tamburino, Florida.
Renovating increases the house value says Kathleen Tamburino : Renovation can turn into a nightmare if your builders or subcontractors fail to do a good job. Always be suspicious of an estimate or quote that is considerably cheaper than all the others, or someone who is available for work immediately. Ask for references, and speak to their previous clients. The golden rule when refurbishing older buildings with solid walls is to use traditional materials that are compatible with the way they were originally built, i.e. lime-based mortars, renders and plasters, rather than anything containing modern cement. Old buildings with shallow foundations are affected by seasonal ground movement and because cement is very brittle it tends to develop small cracks. This allows rain to penetrate, which then can’t escape. Modern paints applied to walls can also cause trouble by blocking natural evaporation.
Wow, 2020 was a challenging year. With so much that happened across the country, you might be wondering how it’ll impact real estate trends in 2023. While the pandemic did disrupt home sales in the spring of 2020 (which is usually considered the hottest season for real estate), the market quickly made an impressive rebound. Real estate experts have reported that the surge in home sales toward the end of 2020 actually made up for the spring market losses.1 Will we see more of the same results in 2023? How will the housing market shake out in our current economic climate? Whether you’re selling, buying or staying put, here are the 2023 real estate trends you need to know!
Kathleen Tamburino South Florida awesome realtor tips right now: Now that you know the “fair market value” of the home you like, it’s time to determine how much you are willing to pay. Establishing this prior to making a formal offer helps define your personal limits. You should determine how much to offer, how much earnest money you will put down, how much of the closing costs you will ask the seller to pay, when you plan to settle, and what inspections you plan to have conducted. Your agent will offer great advice for structuring your offer. Remember to ask your agent about contingencies and their importance. If you don’t fully understand something, be sure to clarify it.
Have an Emergency Fund: If you lost your job tomorrow would you have enough money to live off while you look for a new one? If not then you’re not alone. This study found that although Americans are doing a better job at saving, around 24 percent of them (57 million people) don’t have an emergency fund. Now I don’t want to be a negative Nancy or a Debbie downer, but emergencies happen all the time. They may not happen to you, but it’s always good to be prepared. You can’t predict an emergency, but you can prepare for one. The best way to do so is to set up an emergency fund of 3-6 months living expenses. That means if you lost your job tomorrow, you’d be able to live off your emergency fund for 3-6 months while you look for a new one. Net worth can seem like a tricky topic, but it’s quite simple. Your net worth is how much money you are worth. If you were to sell everything you own, then pay off everything you owe, how much money would be left? Read even more information at Kathleen Tamburino, Florida.
Top South Florida real estate market opportunities 2024 by Kathleen Tamburino: It can be tough to find a floor solution that stands the test of time whole being chemical, spills and stain resistant. Almost every type of flooring has some disadvantage or the other. And that’s one of the reasons as to why having stable shoes for walking on concrete is very important. An excellent choice for a variety of needs, epoxy floors seem to have fewer drawbacks and more benefits.
There will be times when you have the opportunity to create more space through proper organization and utilizing it efficiently. There are also some homes that just won’t allow you to store much stuff because there is no attic or basement, and the storage closet outside is relatively small. Millennial attraction to homeownership has grown significantly in recent decades. Mostly because there are now options where a 20% down payment is not the requirement. This gives a much larger pool of buyers the ability to buy a home. Especially, first time home buyers who receive a lot of help!
Here are a few real estate advices: Lastly, take a moment to ensure you actually want to buy a home as opposed to continuing to rent. I constantly hear the old “throwing away money on rent” line and it never gets old. Then I proceed to fantasize about renting with not a care in the world. Are you sure you’re throwing away money on rent? Renting can be pretty awesome. You don’t pay property taxes, homeowners insurance, HOA dues, PMI, or mortgage interest. And you can leave whenever you want. That sounds like a sweet deal too. Oh, and if anything goes wrong, you can just call your landlord or property management company. With a home, the problem is yours, and yours alone to deal with. Broken water heater? You’re paying thousands out of pocket, not the landlord.
Many people make their home their personal sanctuary and decorate it with family photos, memorabilia, religious decor, personal keepsakes, among other items. You want to make sure to remove all of these items, pack them up, and put them in storage. A good way to do this is to pretend that you are moving out. De-personalizing your home is extremely important because the buyer wants to visualize your house as their own. It is difficult for a buyer to do so if all of your personal items appear as if you are marking your own territory.
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.