in
Condos/Townhomes: Click here
Canal Front Homes: Click here
Open water front Homes: Click here
Dry Lot Homes: Click here
If you are interested in property in the Florida Keys please contact me at Veepka@aol.com or 305-393-0923
Showing posts with label Open Water front. Show all posts
Showing posts with label Open Water front. Show all posts
Wednesday, September 22, 2010
Friday, June 11, 2010
Do REOs (Bank owned) properties sell for less than the asking price?
Most of the time REOs are great deals. They are priced at distress sales prices determined by (usually) three Realtors who did BPOs (Broker Price Opinions).
Granted the Realtors who did the BPO are local and know what they are doing they use comparable sales and determine a price at which the property should sell in less than 30 days. Many times REOs sell for more than the asking price because there are several offers.
Please take a look at this list of REOs that sold in the past six months; you can see the listing and the actual sold price: Click here
As you can see the actual sales prices are usually very close to the listing price or even higher.
Keep in mind that a great deal is not determined by how much you negotiated off the actual asking price but by how much you paid for the property.
If you are interested in Real Estate in the Keys please contact me at Veepka@aol.com or 305-393-0923
Granted the Realtors who did the BPO are local and know what they are doing they use comparable sales and determine a price at which the property should sell in less than 30 days. Many times REOs sell for more than the asking price because there are several offers.
Please take a look at this list of REOs that sold in the past six months; you can see the listing and the actual sold price: Click here
As you can see the actual sales prices are usually very close to the listing price or even higher.
Keep in mind that a great deal is not determined by how much you negotiated off the actual asking price but by how much you paid for the property.
If you are interested in Real Estate in the Keys please contact me at Veepka@aol.com or 305-393-0923
Wednesday, September 02, 2009
Best deals
These are what I consider to be the best deals (Based on the asking price)on the market today:
Condos/Townhomes: Click here
Non water front homes: Click here
Canal front homes: Click here
Open water front homes: Click here
If you are interested in buying or selling Real Estate in the Keys please contact me at 305-393-0923 or Wiebkewestedt@aol.com
Condos/Townhomes: Click here
Non water front homes: Click here
Canal front homes: Click here
Open water front homes: Click here
If you are interested in buying or selling Real Estate in the Keys please contact me at 305-393-0923 or Wiebkewestedt@aol.com
Wednesday, August 05, 2009
What I would buy in Single Family Homes
Following are what I consider the best buys.
Canal Front homes under 700K: Click here
Canal Front homes between 700K and 1 Million: : Click here
Open water front homes: : Click here
If you are seeking luxury and money really isn't the issue:: Voila
If you are looking to buy or sell Real Estate in the Keys please contact me at :305-393-0923 or Wiebkewestedt@aol.com
Canal Front homes under 700K: Click here
Canal Front homes between 700K and 1 Million: : Click here
Open water front homes: : Click here
If you are seeking luxury and money really isn't the issue:: Voila
If you are looking to buy or sell Real Estate in the Keys please contact me at :305-393-0923 or Wiebkewestedt@aol.com
Thursday, July 30, 2009
How to find the best deal in todays market
Everybody wants a good deal especially in today's market. First you should determine what your priority is. Are you purchasing an investment, a vacation or primary home?
Here are the aspects you should consider:
If you are looking for an investment you will most likely rent the property out. Is it more important that you break even with the rental income or is the appreciation of the property more important? How much do you want to spend? Are you willing/able to spend more if the future appreciation is greater with a more expensive piece of property? How much does it cost you to own a piece of property in the Keys? If you purchase a condo you will have monthly association fees but that includes insurance and upkeep of the grounds. If you purchase a single family home and get financing you will have to carry wind and flood insurance (and content if the property is furnished). Are you planning to rent the property on an annual or on a seasonal basis? Many condo complexes do not permit weekly rentals and have a 28 day minimum for rentals. It is important that you know the rental policies if you are planning to rent the property seasonally. How long are you going to own the property? If you are looking to purchase a house, is it better to buy a watefront home or a dry lot home? What is the difference in rental income of the two and what will appreciate at a greater percentage?
Does it make sense to buy an investment in the Keys?
If you are looking for a vacation home you should ask yourself what you want in a vacation property. Do you have kids, are there things to do for the children? Do you prefer to be in a gated community, will you rent the property out while you are not using it? Do you prefer a house or a condo? Condos make sense if you are an absentee owner because there is not much upkeep with a condo. Can you keep your boat on the property when you are not there? How long will you keep the property? Many people are buying now to get their foot in the Real Estate market; That way they can upgrade later. How far is the propery to the nearest airport? If you hate abiding to rules and regulation you might not want to purchase a condo. Condo rules and regulation serve a good purpose but are not for everybody.
How will you take care of the property when you are not there? How much do property management companies charge etc.
If you are buying a primary home you should ask yourself how long you will live here? Forever? Is future appreciation more important than finding the house you love? Are you retiring or will you work in the Keys?
Do you prefer to live in a neighborhood that is mostly full time residents? Do you have children that will go to school here? If you buy a property with a downstairs enclosure can you rent the downstairs out? (Only if it zoned multi residential).
Are you a boater? Do you want to live on the Ocean or the Bay side? What is better for you? Are you willing to buy a fixer upper?
Once you know the answers to these questions it is time to call me and tell me what you are looking for. I will then help you to find the very best deal for you!
It is wiser to find properties that suit you and proceed by making offers. There is still a large inventory out there and many motivated sellers. The only way to find out how much a seller is willing to take is by making offers.
Don't shy away from the perfect property because the asking price is too high.
Lately many buyers have said to me "I would have bought it for that much" once they saw the actual sales price of a property. Many sellers are hesitant to drop their asking price but it's a different story when they see an actual offer (accompany that with a pre approval for a loan or make it a cash offer and you are in the driver's seat!).
Call me 305-393-0923 or e-mail me to Wiebkewestedt@aol.com if you are serious about buying property in the Keys. I look forward to finding your deal!
Here are the aspects you should consider:
If you are looking for an investment you will most likely rent the property out. Is it more important that you break even with the rental income or is the appreciation of the property more important? How much do you want to spend? Are you willing/able to spend more if the future appreciation is greater with a more expensive piece of property? How much does it cost you to own a piece of property in the Keys? If you purchase a condo you will have monthly association fees but that includes insurance and upkeep of the grounds. If you purchase a single family home and get financing you will have to carry wind and flood insurance (and content if the property is furnished). Are you planning to rent the property on an annual or on a seasonal basis? Many condo complexes do not permit weekly rentals and have a 28 day minimum for rentals. It is important that you know the rental policies if you are planning to rent the property seasonally. How long are you going to own the property? If you are looking to purchase a house, is it better to buy a watefront home or a dry lot home? What is the difference in rental income of the two and what will appreciate at a greater percentage?
Does it make sense to buy an investment in the Keys?
If you are looking for a vacation home you should ask yourself what you want in a vacation property. Do you have kids, are there things to do for the children? Do you prefer to be in a gated community, will you rent the property out while you are not using it? Do you prefer a house or a condo? Condos make sense if you are an absentee owner because there is not much upkeep with a condo. Can you keep your boat on the property when you are not there? How long will you keep the property? Many people are buying now to get their foot in the Real Estate market; That way they can upgrade later. How far is the propery to the nearest airport? If you hate abiding to rules and regulation you might not want to purchase a condo. Condo rules and regulation serve a good purpose but are not for everybody.
How will you take care of the property when you are not there? How much do property management companies charge etc.
If you are buying a primary home you should ask yourself how long you will live here? Forever? Is future appreciation more important than finding the house you love? Are you retiring or will you work in the Keys?
Do you prefer to live in a neighborhood that is mostly full time residents? Do you have children that will go to school here? If you buy a property with a downstairs enclosure can you rent the downstairs out? (Only if it zoned multi residential).
Are you a boater? Do you want to live on the Ocean or the Bay side? What is better for you? Are you willing to buy a fixer upper?
Once you know the answers to these questions it is time to call me and tell me what you are looking for. I will then help you to find the very best deal for you!
It is wiser to find properties that suit you and proceed by making offers. There is still a large inventory out there and many motivated sellers. The only way to find out how much a seller is willing to take is by making offers.
Don't shy away from the perfect property because the asking price is too high.
Lately many buyers have said to me "I would have bought it for that much" once they saw the actual sales price of a property. Many sellers are hesitant to drop their asking price but it's a different story when they see an actual offer (accompany that with a pre approval for a loan or make it a cash offer and you are in the driver's seat!).
Call me 305-393-0923 or e-mail me to Wiebkewestedt@aol.com if you are serious about buying property in the Keys. I look forward to finding your deal!
Wednesday, July 15, 2009
Canal Front Houses under 600K
That is the best seller in the current market: The lowest priced canal front houses.
If that is what you are looking for, here are
all canal front houses listed under 600K in the upper Keys:: Click here
In case you are curious: These are all canal front houses under 600K currently under contract: Click here
and these are all canal front houses listed under 600K that sold in the past three months: Click here
If you are interested in buying or selling Real Estate in the Keys please contact me at 305-393-0923 or at Wiebkewestedt@aol.com
If that is what you are looking for, here are
all canal front houses listed under 600K in the upper Keys:: Click here
In case you are curious: These are all canal front houses under 600K currently under contract: Click here
and these are all canal front houses listed under 600K that sold in the past three months: Click here
If you are interested in buying or selling Real Estate in the Keys please contact me at 305-393-0923 or at Wiebkewestedt@aol.com
Saturday, May 23, 2009
What's for sale
Following links to all properties listed in that category:
Canal Front houses under 800K: Click here
Canal front houses from 800K to 1 Million: Click here
1 Bedroom condo: Click here
Condos/townhouses up to 400K: Click here
Condo Townhouses from 400 to 800K: Click here
Open water front homes under 2 Million: Click here
If you are looking to buy or sell in the Keys please call me at 305-393-0923 or Wiebkewestedt@aol.com
Have a great day!
Canal Front houses under 800K: Click here
Canal front houses from 800K to 1 Million: Click here
1 Bedroom condo: Click here
Condos/townhouses up to 400K: Click here
Condo Townhouses from 400 to 800K: Click here
Open water front homes under 2 Million: Click here
If you are looking to buy or sell in the Keys please call me at 305-393-0923 or Wiebkewestedt@aol.com
Have a great day!
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