By all reports the real estate industry is experiencing a major upheaval but smart buyers realize that in this unpredictable market there are great bargains to be found. Now more than ever the experience of a license real estate agent is imperative. The state of Florida and the Miami area in particular has seen an unprecedented number of homes go into foreclosure. These bank-owned properties are often priced significantly below comparable homes in the neighborhood but may have hidden defects or title deficits that a trained eye will readily recognize. Additionally, most lending institutions prefer to negotiate through a broker over dealing directly with a prospective purchaser.
In order to be licensed a real estate agent must receive instruction regarding the laws and regulations surrounding real estate and real estate contracts. While properties listed as for-sale-by-owner may be priced slightly lower than those listed with a realtor there may be hidden costs that could inflate the selling price significantly. For example, in order to complete the sale the buyer and seller must come to a meeting of the minds. As part of their selling commission a realtor will draw up a legal and binding contract while an attorney will change a significant fee for the same services. A realtor will also arrange the details of closing through a title company to ensure no liens are transferred along with the deed.
Sandy white beaches and breathtaking sunsets are part of the Miami lifestyle. With Miami real estate prices at an all time low the time to book an appointment with a Miami realtor is now.