Category: "Sellers Information"

Septic Tanks verses Sewer Systems

Septictankdiagram

When you buy a home in the Gables or parts of Coconut Grove you may now inherit something called a Septic Tank.  Septic Tanks are in South Coconut Grove while all of North Grove is on the sewer system.  It’s not a big deal and they certainly are easy to contend with just remember to have your Realtor ask if there is one and where it is located.  You need to have a company come out and they inspect the tank and drain field to make sure the levels of water are appropriate and it doesn’t have to be pumped out.  The cost of the inspection is typically $150-$200 some including a pump out.  Every 2-3 years you are supposed to get your tank pumped out.  If the tank and drain field are old and perhaps cracked the company may suggest to replace it but keep in mind get a second opinion.  I also suggest using the following companies and not just getting the yellow pages and picking the first or second one that starts with “A”.  Chapman Septic Service has been around the Grove and Gables since 1949 and have a great reputation.   Chapmanseptic.com-305-661-0628.  Another company is Smith Septic Tanks-http://www.smithseptictanks.com-305-245-7720 who has been in business for over 30 years and Wendell & Tina Smith are a pleasure to do business.   If the septic tank does require replacement this job is not a big deal and nothing to get nervous about.  When I purchased my Coconut Grove home I looked at having to replace the septic tank as a good thing since we wanted to move the tank from the back to the front yard to put a pool in anyway.  Just another part of purchasing a home and another reason why having a seasoned Realtor, a Buyer’s Agent is so essential so they can suggest contacts and make sure all the proper inspections get completed and you avoid learning what you should have done during the sales cycle before you closed on the property and you are stuck and on your own!

If you are thinking of buying a home in the Coconut Grove or Coral Gables area please contact me at 305-807-9199. 

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10 great reasons to put your Coconut Grove property on the market for sale now and not wait

Should I sell now or rent my property?

Why sell now?

1.  Good inventory is low for single family homes in Coconut Grove which drives prices up-only a few homes to choose from in Coconut Grove that are in move in condition believe it or not under $750,000 which don’t require work!

2.  Qualified buyers are out there READY to buy and most are educated that it is fantastic time to buy

3. Interest rates are still historically low and there are great financing programs.

4. Tax credits have been extended through September.

5. Have you ever been a landlord?  It is not easy and if you are overwhelmed with life adding this job to the mix is not fun.

6. Some buyers are avoiding shorts sales and foreclosures since they don’t have time to wait and do not want a property which has been neglected.  Some unapproved short sales may take up to a year and some foreclosures may have such bad damage like mold or Chinese drywall the reduction in price is not even worth it.

7. Summer is almost over and lots of buyers will be back in town to focus on their house hunt and school is almost in session.  I find families put their search on hold until they get back into their daily routines. 

8. Some top producing Realtors have a low inventory right now since some owners can not to sell which means they have plenty of focus to work their hardest right now to sell your property in a timely fashion.

9.  We have no holidays in front of us to distract buyers from buying.  Sometimes some folks who want to sell don’t feel comfortable if we right around the Thanksgiving and Christmas timeframe.  September and October are two great selling months. 

10. What if the economic values decline even more?  Well, prices could go up but probably not enough to make up for the caring costs and the time and money to maintain the property especially if you have already moved. 

If you are thinking about selling or buying a property call me to assist at 305-807-9199.

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Try to sell now or rent again?

That is the question!  Several of my property owners and lots of sellers are renting their property that they are trying to sell now or renewing a lease for a 2nd or 3rd year.  It is easier on the finances and at some level comforting to have steady rental income and great tenants that pay on time but if you are not making any profit and in some cases loosing money each month; you may really want to sell your property especially if your monthly payment, taxes and insurance is increasing annually and you don’t have the time or will to be a landlord.  As an agent sometimes we have to show properties where a tenant(s) may occupy the premises.  Most tenants have certain restrictions when we are allowed to show giving us specific days and times.  It is just as important to have a respectful and professional relationship with the tenant like you would with the seller.  If the property would be vacant otherwise sometimes it works to the seller’s advantage if the lessee is still occupying the property since they have appealing furniture therefore it is automatically staged for a buyer to envision themselves living there.  Although most tenants don’t like to have to deal with their landlord’s agent and selling accommodations, I think the time usually comes when the tenant is looking for something like to extend or get out of the lease early and the landlord may be more apt to bend and conceed to what the tenant may want if the they were willing to work with them.  It is always best to make sure you iron out any details like this in nature prior to extending a lease.  For instance, if you renew the lease for any extended time and you may want to sell it during this time and it is wise to work out any showing agreement beforehand so you are both on the same page.   This detail may be as simple as adding the verbiage to the addendum or to the lease.  You don’t want to miss the best time of year to be showing your property for sale.  If you are buying or selling in Miami call me at 305-807-9199.

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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Realtor® Association of Miami-Dade County. The detailed information on each listing contains the name of the listing agent and broker.

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