Beautiful sunsets & intracoastal waterway from this completely upgraded 2 bedrooms convertible condo. This gem has a large open kitchen, SS appliances, granite countertops & breakfast bar. Floor to ceiling windows. Huge master bed & spacious closets. Porcelain throughout. 1 assigned parking space. Amenities include: 24hr security, tennis, pool, gym, sauna, hot tub. Near beach, Gulfstream Park, Aventura mall & more. Pet friendly, walking distance to Beach. Waiting list to rent after 1 year of ownership.
FOR SALE: $935,000
3708 NE 207th Terrace, Aventura, FL 33180
Tastefully decorated 4 beds, 3 baths home in the prestigious gated community of Island Way. Top quality finishes include 24×24
marble and wood floors throughout. Spacious open kitchen with stainless steel high-end GE appliances, double oven, and granite counter tops. Living and dining room area have high ceilings with large windows offering plenty of natural light. Bathrooms have double sinks, & glass enclosed showers. Paved patio with BBQ area. Accordion hurricane shutters. Double car garage with utility room. Island way is a gated community with 24-hours security in an incredible location, walking distance to restaurants, shops, houses of worship and marina.
For most people paying for a home in cash isn’t always an option so it’s important to find a mortgage within their means.
The first step to getting a mortgage is pre-approval. You should have a down payment of at least 10%, but these days, some lenders require more. Remember, you don’t have to borrow the full loan amount you’re pre-approved for. Instead, stay conservative and look for homes in a price range that will keep your mortgage payments to about 25% or less of you take home pay for a 15-year note.
The 30-year mortgage was designed to enable borrowers to buy more house than they could afford by spreading the payments out over a longer term. On top of that, those homeowners pay tens even hundreds of thousands of dollars more in interest.
How to Buy a Home and Save Thousands
If you don’t pay cash for your home, get a 15 –year mortgage with at least a 10% down payment and monthly payments that are no more than 25% of your take-home pay.
The difference between a 15- and 30-year mortgage with a 4.5% interest rate on a $225,000 home is $101,000 over the life of the loan. What could you do with $101,000? Pay for your kid’s college? Buy a car? Add to your retirement?
Some sellers are tempted to maximize their profits and avoid paying a commission to a Realtor by trying a For Sale by Owner (FSBO) transaction in the midst of a sellers’ market. They think they can sell easily without any help from a professional Realtor.
However, statistics show that selling your home with the assistance of a professional real estate agent will garner you a higher profit, enough to cover the commission as well as put more money in your pocket.
Serious buyers only shop FOR SALE BY OWNER’S to save a commission, which is probably what the seller is trying to do, hence resulting in a sale price that is significantly below market. The typical FSBO home sold for $210,000.00 compared to $249,000.00 for agent-assisted home sales, according to the National Association of Realtors.
For Sale by Owner (FSBO)
Most buyers shop on line before even contacting a realtor, so aggressive marketing is key! Having earned the prestigious membership in the top elite international real estate network, I know the importance of gaining global exposure to attract more of the right buyers to get the highest price. Our combination of unique marketing to local, national, and international buyers has resulted in some sales as high as 20% over the market value.
Some of the important tools and practices we use but are not limited to are professional photography, aerial tour from a drone, marketing the home like a professional developer with virtual staging (if necessary). A brochure of the home, a pro-active approach to selling by having our team to get on the phone and asking hundreds of people a day if they know someone who is interested in purchasing the property, qualifying the buyers who want to view the home, and special events that actually get traffic!
FSBO’s are also missing out on 25% of the buyers in the South Florida Market. International buyers typically pay top dollar and are cash buyers which means if your house is overpriced you’re going to need cash buyers as it will not appraise.
There is also the fact that FSBO’s are missing out on the power of a third party negotiator. There are many stages of the deal where it can fall apart.
Contact Rebecca Schmitt, from Paz Global Real Estate to discuss your options at (786)216-3557
Tips for avid boaters! What do you need to know before buying a waterfront ocean access condo in Hollywood and Hallandale Florida?
A waterfront ocean access condo in Hollywood and Hallandale Florida seems idyllic and paradisiac. There are many factors to consider when looking for a waterfront ocean access property in Miami. These 8 tips will give you a heads up on what to do before buying a condo on the water.
Find a real estate agent who is a specialist in waterfront ocean access condo in Hollywood and Hallandale Florida. Specially one that understands the needs of a real boating aficionado.
Visualize a waterfront ocean access condo in Hollywood and Hallandale Florida that really fits your lifestyle: Miami has numerous types of waterfront properties like lakes, rivers, canals with or without ocean access. Florida has canals with fixed bridges and draw bridges with different clearance heights and rules. Depending on the type of vessel that you have you have to consider clearance heights of bridges, dept of the canals and proximity to the ocean. The closer to the ocean the better.
Consider the property more than the condo: ‘’often times people fall in love with the condo but after they buy it they realize is too far from the ocean, it is not private, the amenities are not so great, etc. ‘’ says Richard Paz Broker with Paz Global Real Estate which specializes in the Miami real estate market. You can change the condo but you can’t change the location, so buy a property you really fall in love with. Click on this link to find out how a perfect waterfront in Miami looks like: https://www.pazglobal.com/property/1945-s-ocean-dr-2101/hallandale/a2111136/
If your waterfront property has no ocean access consider buying your condo next to a marina. Hollywood and Hallandale offer a large array of condos adjacent to a marina.
Check the condition of the dock and also consider a dock that can accommodate your boat: Depending on the type of boat some owners won’t keep the boat in the water. Some people prefer to use davits or boat lifts to raise the boat from the water while not in use. Whichever your choice is, make sure to inspect the existing lifting structures.
Find out if you can make changes to the your waterfront ocean access condo in Hollywood or Hallandale: such adding a dock or boat lift. Check the association rules and regulations. Consult with government agencies if these type of alterations are possible.
Find out about financing and insurance: since waterfront ocean access condo in Hollywood and Hallandale Florida are more expensive than other properties the legal aspects may be a bit more complicated than others. The process of getting a loan can take a little longer. Insurance can be also a bit more complicated due to the risks associated with living by the water.
Talk to your neighbors: ask them if they enjoy living there and if there are issues you should be aware of.
If you follow this guidelines we assure you will have a successful waterfront condo purchase! We at Paz Global Real Estate can help you finding the waterfront ocean access condo of your dreams. Please do not hesitate in contacting us at 305 466 2990 or visit us at www.pazglobal.com
