Coconut Creek Real Estate, Remax ParkCreek

The importance of a written agreement works for both sides of a Coconut Creek real estate transaction. Every detail of the transaction should be clear, concise, and in writing, from the money to the closing date and everything in between. In fact the contract itself is a very strong reason for having a Coconut Creek REALTOR® involved in the buying and selling process because not only does the REALTOR® have a formula to follow, the more experience he has the more complications he has seen, and the more prepared you will be throughout the process.

• An important aspect of your contract is the sales price, but beyond that the earnest money is important as well. The higher the earnest money deposit is the more serious the buyer, which is important for both sides to keep in mind.
• Contingencies are another important part of the real estate contract, but too many contingencies might leave a seller thinking that the buyer wants to have many routes to escape the contract.
• Items that dont pass inspection should be put in writing, as should the agreement as to what will be repaired by the seller and what the seller does not agree to fix.
• Another very important item to have in writing is a list of what items stay and what will go. Many times sellers take everything but the kitchen sink and buyers move in alarmed to discover that they did not budget for a refrigerator, or a washer and dryer.

There are so many steps to a successful real estate transaction and being prepared and educated along the way is essential. An experienced Coconut Creek REALTOR® can go a long way to making the process an easy one, as well as assuring that everything you need to back yourself up is in writing. Whether you are buying or selling it is extremely important to look out for your own best interests.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.

Good news for Coconut Creek real estate, distressed property sales, namely short sales and foreclosures, should be easier in coming months. The painfully slow process of buying distressed property has turned many potential buyers off, unwilling to wait a year or more to close on a property that they intend on living in. Not many people have that kind of time, never mind patience.

The good news is that banks and loan holders have become seasoned enough that the process is quicker. this means that Coconut Creek real estate investors looking for deals can find them and close on them in a speedier time frame.

Whether a buyer is looking for a short sale or bank owned property, the quicker time frame means that inventories can also be reduced, as more buyers will be drawn into the market. As inventories reduce, real estate markets will stabilize, a welcome ideal for todays economy.

Everyone is looking for a real estate deal and todays market conditions make it appear as if now is indeed the time to buy. Contact me, Silva Stoyanova, your local Coconut Creek REALTOR® today to learn more about market conditions. It would be a shame to look back in a decade and think, if only I had bought then . . .

Click here to read "5 housing trends in winter 2012" from Bankrate.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.

Theere is a great deal of news floating around and underwater owners of Coconut Creek real estate may be wondering about principal reduction and the first question that they ask is: would it work? In an ideal world of course it would work. Principal reduction would get distressed Coconut Creek property values adjusted to todays values, adjusting monthly payments along the way and everyone would be just fine. Sounds a bit like a fairy tale however, because nothing is that easy. In theory principal reduction would be great, in practice it seems a bit far fetched to believe that the big banks would actually go along with it.

Banks are looking out for their own interests, plain and simple. Are they really going to make life easier for those who have fallen on tough times? Principal reduction is taking money out of their pockets, not something they are striving for in big business. Still, those in the housing industry in Coocnut Creek and beyond see principal reduction not just as a way for owners of distressed property to keep their homes but as a way to fuel real estate, and therefore fuel the economy. When you consider how much money the top banks pay out in bonuses, the amount it would cost them to help struggling Coconut Creek homeowners is actually somewhat trivial.

Will principal reduction occur? Probably more often than it has been occurring. However, it is doubtful that principal reduction will happen in a widespread fashion, as that would involve a major change in philosophy in our lending institutions.

Click here to read "Housing Answer: Principal Reduction?" from Realty Times.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.

Recent Coconut Creek real estate and national real estate reports demonstrate that optimism abounds. Certainly optimism has been here all along, hiding within certain cheery souls who kept telling themselves that things could be worse, affordability levels are exceptional, or housing prices will eventually stop falling. 2012 however, appears to be the year that we will see the bottom, and in turn a reversal of the Coconut Creek real estate market.

Already data released this year demonstrates that unemployment levels are decreasing, housing values are decreasing at nominal amounts, and are even rising in a handful of areas around the US, and foreclosures, while they keep coming, are waning. Optimistic statements are being heard more frequently, from "the worst is behind us" to "recovery is around the corner".

It is doubtful that Coconut Creek real estate values and volume will skyrocket, but leveling out and modest increases are more than welcome signs. Any positive news is music to the ears. If 2012 is starting off the year optimistically, we can only hope that this feeling will gain momentum as each month passes!

Click here to read "Has the Housing Market Finally Hit Bottom?" from Forbes Magazine.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.

If you are selling your Coconut Creek real estate you may have forgotten one small detail when it comes to showings, what about your pets? There are a number of issues that coincide with owning pets and preparing for showings, after all, if you are selling your home it should be ready for a showing at all times.

If you have a cat you should maintain her litter box better than ever to avoid any unwanted smells. If your cat is not allowed outside you may want to have a kennel to lock her in so that she cannot escape when your Coconut Creek home is being shown.

If you have a dog, whether he is friendly or not, he should be put away for showings. The question is where do you put him? If you lock him in the garage then how do potential homeowners look at the garage? If you have a condo what do you do? Lock fido on the deck? Whatever you decide to do, make a decision and stick with it. You should have a game plan for showings and open houses that includes what you are going to do with your dog.

Selling Coconut Creek real estate involves preparation, which includes pets if you have them. Keeping pet hair and smells to a minimum is key, as is containing your pets so that there is no interference with showings. Its a tough market, and not everyone is an animal lover.

Click here to read "Moving with Fido" from Realty Times.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.