Danny's Blog

Answering Common Real Estate Questions

Thursday, February 25, 2016
Tags:   Miami Beach Listings, Miami Beach Waterfront Homes

As in most industries, buyers will always have a set of questions that professionals hear over and over and are prepared to answer. Real estate is no different as buyers and sellers—especially first time buyers and sellers—generally ask common questions like how to price their home, how much their home is worth, and more.

Many first time buyers are also curious about making an offer and what the seller will consider to be a fair price. The rule of thumb is that reducing the list price by five percent is okay and it may be possible to go lower if the home has been on the market for months. There is ultimately no surefire way to determine what a seller will accept as they each have their unique motivations for selling, but five percent off of the list price remains a good rule of thumb.

Another major area of confusion is the closing and just how quickly one can close. In most cases the escrow period takes between 30 to 45 days which allows plenty of time to properly investigate a property and complete the loan process.

Anyone who is wondering about the worth of a home inspection should be aware that the response will in most, if not all cases be ‘yes’. A home inspection is worth the money to ensure that everything is in good working condition, saving the buyer a tremendous amount of money in the long run.

This update is brought to you by Miami Beach Realtor Danny Hertzberg, specializing in Miami Beach waterfront homes as well as other Miami Beach listings throughout the barrier island. Contact Danny Hertzberg of The Jills, the number one team in the state of Florida by calling 305-505-1950 for information on properties throughout the barrier island.

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