Want to speed up closings?
CHICAGO – Dec. 15, 2016 – Homebuyers anxious to move into their new house in a hurry may be discouraged to discover that the average time from contract to close is 50 days, according to Ellie Mae. But Realtors can help clients shorten that timeframe by encouraging a more focused home search and being proactive about paperwork, among other things.
An organized buying process is particularly important for relocation clients and customers who hope to sell one property before buying another. In both cases, buyers tend to be working against tight moving deadlines.
Tips to help buyers complete a transaction faster:
Get pre-approved, not just pre-qualified. A pre-qualification is just a quick conversation with a lender who may have only glanced at the borrower's credit score. A pre-approval is a more thorough review of their credit history. A pre-approval "makes your offer look stronger," says Adriana Mollica, a sales associate with Teles Properties in Beverly Hills, Calif. "It also minimizes any surprises that may delay or force a cancelation during escrow."
Request Merrick Manor Unit Information
Mediterranean Style Residences in the Heart of Coral Gables.
Miami real estate likely to be increasingly
attractive to buyers from China
Source: Miami Herald
Like any plant, growth of the Chinese bamboo tree requires nurturing — water, fertile soil, sunshine. In its first year, we see no visible signs of activity. In the second year, again, no growth above the soil. The third, the fourth, still nothing. Our patience is tested and we begin to wonder whether our efforts (caring, water, etc.) will ever be rewarded. What can we learn from the famous proverb of the Chinese bamboo as Miami brokers and real estate professionals?
China was the source in aggregate of at least $350 billion in U.S. real estate holdings and investments by the end of 2015, according to a 2016 report by Asia Society, an educational nonprofit with offices in New York, Washington and elsewhere around the nation and globe. The report is titled “Breaking Ground: Chinese Investment in U.S. Real Estate.” This figure includes the direct purchase of real property and indirect investment through the purchase of agency mortgage-backed securities and provision of debt financing, among other channels.
MOSCOW BALLET'S "GREAT RUSSIAN NUTCRACKER"
The most famous holiday ballet has its roots in Russia, premiering there in 1892 with a majestic score by Tchaikovsky and choreography by Petipa, the father of Russian dance. It's fitting, then, that the Moscow Ballet's Great Russian Nutcracker is one of the most acclaimed versions ever to grace the stage. Almost 40 renowned, award-winning principal Russian dancers and corps de ballet will take the stage to dance the timeless story of young Masha (Clara), who receives the gift of a nutcracker one Christmas and dreams that night of a grand adventure with her Nutcracker Prince. With breathtaking leaps, hundreds of hand-sewn costumes, a magical Snow Forest complete with falling snow, a giant Christmas tree and a cannon that shoots roses, children and adults alike will be swept up in the spirit of the season. Enjoy the ultimate holiday tradition at The Fillmore Miami Beach.