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How to Sell a House With No Equity in Miami

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Introduction Home equity indicates the value of your home that you—the homeowner—control compared to the value that the lender of the mortgage loan on your home controls. Is this too difficult to understand? Then let me simplify this. Imagine you owe $200,000 on your mortgage loan. And let’s say your home is worth $290,000. Then you’ll … Continued

Is Your Miami Mortgage Underwater? Here’s What to Do About It

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When your mortgage is underwater, the amount you owe on the mortgage loan is more than the property’s current market value. So, of course, it’s best to ride out the changing real estate market and stay in the home for several years to allow equity to build. However, many motivating factors lead homeowners to sell, … Continued

Understanding Foreclosure Homes: A Complete Guide for Florida Property Owners at Risk

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Losing your home to foreclosure can be painful. It’s an immensely stressful experience, making you—a homeowner—homeless and ruining your credit rating, as well. In fact, foreclosed homes were a visible symbol of the 2008 housing crisis, with the number of foreclosures hitting 2,330,483. Fortunately, the number of properties with foreclosure filings was a modest 324,237 … Continued

How to Sell Your Ugly House Fast in a Slow Real Estate Market

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In a blog post, I wrote last year, I mentioned that a house typically stayed on the market for just 19 days in December 2021. The housing market actually had a breakout year in 2021. Clearly, it was a strong seller’s market then. But unfortunately, things haven’t been so rosy since, and the market has … Continued

Can You Leave Stuff Behind When You Sell Your House

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As a general rule of thumb, things that are not bolted to the wall or floor are considered personal stuff. When you sell your house, leaving your personal stuff behind after the closing date can result in conflicts with the buyer. As much as possible, you should work with the buyer to avoid such a … Continued

5 Tips for Selling Inherited Property Fast

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Inheriting a property is always nice. Some inherited properties, however, come with challenges. Most often, you inherit a property due to the passing of a relative. Let’s assume there’s no dispute about who the beneficiary of the property is. But there may still be a lot of outstanding routine maintenance work. When all this is … Continued

How to Sell Your House in 5 Days

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The only thing that’s constant in life is change. A major life change is just one event away. It could be a financial crisis, sudden health breakdown, unexpected spouse death, divorce, work-related relocation, changing neighborhood, or even empty nest syndrome. All of them are personal crisis situations. And you might simply decide that you have … Continued

Ways to Selling Your Home Without a Realtor

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What’s the biggest cost you’ll face when you sell your home? Of course, it’s the 6 percent real estate commission. Let me explain. Imagine you are selling your home for $350,000. A standard 3 percent listing commission will cost you $10,500. You’ll also need to pay the buyer’s agent a standard 3 percent commission. So … Continued

How to Sell Land by Owner

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Selling vacant residential land is different from selling a home. The market dynamics for land are not the same as they are for a ready-to-move-in home. You need to understand the key differences first to sell land by owner successfully. Let’s look at them one by one: Land buyers and home buyers are different categories … Continued

5 Ways the Foreclosure of Your Miami House Will Impact You

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Foreclosure occurs when, for whatever reason, agreed to payments for a mortgage loan and not being made in a timely and consistent manner. The reasons this can vary as widely as there are homeowners, from the sudden loss of life from a contributing family member, unexpected loss of income, or a myriad of other possibilities. … Continued

Why Can’t I Sell My House Fast, Miami?

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It can get frustrating to sell my house fast Miami! Yes we know! But you want to know some of the most common reasons why house listings linger on the Miami market for long periods? People want to sell their house fast for various reasons but not everyone is lucky enough to do so. With … Continued
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