South Florida Real Estate and Community News

July 10, 2018

What Happens When You've Accepted An Offer For Your Home?

We have created a new video taking you through what happens when you've accepted an offer for your home.

The video covers the steps we handle for you, including:

- The disclosure documentation the buyer receives.
- Inspections.
- Appraisals (where needed).
- Home owner/condo association applications.
- Additional paperwork.
- Final buyer walk-through.
- Closing documentation.

Watch the above video and contact us to find out more about how we go the extra mile to ensure our clients great results.

June 28, 2018

How we help our clients achieve their goals and objectives

How we help our clients achieve their goals and objectives

We are very blessed to have great clients, who often take the time to review how we have performed for them.

We thought it might be a useful reference for you to read just some of our most recent reviews to get an idea of how we work with our clients to achieve their goals and objectives.

Exceeding Expectations on Price
"The Novello Group went above and beyond for me. They were very professional and actually got me the listing price when I never expected to. They did everything for me pretty much and after a couple of months I was signing the closing papers. Highly recommend." - Jesse Slankas

Selling a Property from a Great Distance
"Aaron and his team were great to work with from start to finish! I was really concerned that selling a property in Florida when I live in the Midwest would be a hassle, but Aaron and his team made sure it all went smoothly. Even though I never met him in person, I felt really comfortable with Aaron and trusted that he had my best interests in mind. My first experience with Aaron and his team was so outstanding, that I contracted with him to sell a second property. If I had more real estate to sell in Florida, I would definitely work with him again!" - Julie Brogno

Selling a Property Quickly
We hit the JACKPOT when we signed with Aaron Novello and his team to sell our condo in Ft.Lauderdale, Florida. You can have the best marketing products, but without their skills there would be no impact. From the top down, this agency works so hard for their clients. Our journey from start to finish was made so easy. The day we met Aaron we were sold on his professionalism, knowledge and insights. Our condo was sold in 90 days. As I said in opening "We hit the JACKPOT". I would absolutely recommend Aaron and his team. Thank you so much." - Sharon Demers

Assistance with the Probate Process
"Through a difficult time with a death in our family, Aaron helped us through the process of selling a home in probate. Aaron guided us with upmost professionalism, keen knowledge of properties and he was sincere to our needs. Aaron and his team were in constant communication and they worked tirelessly to sell our condo. It is refreshing to work with professionals who are sincere, honest and truly care about their clients. I highly recommend Aaron and his team." - Maria Strand

Buying a Home for the First Time
"I just recently purchased my first home. Mr Novello was the seller agent, so we had lots of communication between us. He made the whole buying experience just a breeze. From day one he was very helpful and straightforward to walk us through the necessary steps. Any time we had questions, he was very easy to reach, and very helpful. I'd just like to thank him, and his team, in helping us to become a home owner. Very good experience." - Bela and Eugenia Palocz

Handling Every Aspect of the Home Sale
"I highly recommend Aaron Novello and his team, if you are looking for a talented real estate agent. Aaron sold my mother's condominium in Williams Island in less than two months. He took care of all the details - the sales contract, the inspections, the lawyers, the title company, the property owners' association. He even found us professional packers and shippers and movers and painters and cleaners. He knows everyone in the real estate business, and all of the people he recommended were honest and conscientious." - Bradley Kaufman

Problem Solving
"Aaron and his team performed admirably. The support from beginning to end was excellent. Our property was tied up in probate and the HOA misquoted the law regarding the sale. The problems were solved quickly and inexpensively. Aaron knew who to call and got it done where others failed. He sold the property without a wrinkle. Very professional, I highly recommend The Novello Group." - Frank Piccolo

Investment Property
"Aaron has helped me with my business tremendously over the past year with his vast knowledge in real estate. I would highly recommend Aaron for any real estate needs." Alex Yuré

Our thanks again to our clients for their kind words.

Please contact us to discuss how we can achieve similar great results for you!

June 11, 2018

What Happens Once You've Listed Your Home?

We've just launched a new video that shows you what happens right after you've listed your home with us.

It outlines the key steps that we immediately undertake, including:

- The photo shoot.
- Installation of signage.
- Marketing your home online.
- Regular updates on your home sale.

These are just some of the techniques we deploy to sell your home for best price and in a time frame that works for you.

Please watch the above video and contact us to find out more about how our comprehensive approach is producing great results for many South Florida home sellers.

May 17, 2018

Buyer Demand Is At A Four Year High - It's a Great Time to Sell!

Buyer Demand Is At A Four Year High - It's a Great Time to Sell!

We recently read an important statistic on current buyer demand that we thought we should share with you.

It comes from real estate listings analysts ShowingTime. The company has been publishing its Showing Index® for over four years. This is essentially a measure of viewings per residential property by agents and brokers, through tracking the average number of buyer showings on active properties on a monthly basis.

The Showing Index® is an important indicator of buying trends in that it gauges foot traffic across available homes for sale, thus providing a strong indicator of demand.

The latest Showing Index® report was published in March and it showed the strongest national index rating (166.8) since ShowingTime started the survey at the beginning of 2014, also representing a 5.7% year on year growth in viewings since the same period last year.

Looking slightly more locally, it's interesting to note that, for the Southern quadrant of the US, including our area, the March figure was indeed the strongest Showing Index® measure since records began and an 8.2% year-on-year improvement too. This is also the highest growth figure across the nation.

This is yet another indication of the incredible strength of current buyer demand. What's even more special about the current purchasing environment is that inventory continues to lag behind the demand curve, so we have the ideal seller's market where prices are being driven by enthusiastic buyers chasing a general shortage of available properties across most market sectors. This is often resulting in intense competition for the best homes and multiple offers frequently leading to sold prices above what was originally asked.

With so many very active buyers, this is a perfect time to consider selling your home, if you feel the time is right. Don't hesitate to contact us to discuss the many possibilities created by these highly positive market conditions.

Aaron Novello

April 25, 2018

Avoiding Common Home Pricing Mistakes

Avoiding Common Home Pricing Mistakes

High buyer demand means that it's a great time to sell your home.

What never changes, however, is the importance of being realistic about your asking price.

Even though it's very much a seller's market at the moment, it's still essential that homes are priced "in the market", meaning that they are positioned at a price that matches what other similar homes in the area are selling for to attract maximum interest. Of course it's our job to apply our immense experience and intimate local market knowledge in helping our clients arrive at the right price for a particular property. However, it's also helpful for you to be aware of some of the most common errors that are made in this vital aspect of selling a home.

"Start High" is not a smart strategy - Pricing your home is a delicate process and the strategy of initially asking way over what it is actually worth is not a good idea at all. The key to pricing "in the market" is to position it at just the right price to attract a lot of interest that means you're more likely to ultimately get offers in excess of your sensible and finely tuned asking price. Demand is high right now and multiple offers are very common. Many buyers will simply ignore homes that aren't competitively priced, meaning that you will fail to create a truly competitive atmosphere to fully optimize your return.

Don't take online price estimates too seriously - Generic home pricing websites are not only great fun but they can also provide a useful "ballpark" estimate of your home's value. However, they are also renowned for getting the actual market value very wrong indeed, sometimes by an alarming percentage! Some sellers are naturally upset when they discover how far away an over-optimistic online estimate can be from reality, so remember not to take them too seriously. And, yes, they can sometimes greatly undervalue your home too!

Choose your agent wisely - Unfortunately some agents will go along with a seller's incorrect and inflated asking price, just to win the listing. This is almost invariably followed by a gradual process, over time, of reducing the price until it hits the market "sweet spot" for the type of property and location. This definitely isn't the most effective way to get the best return in the quickest possible time frame.

If you are thinking of selling contact us today for a no-obligation, detailed valuation of your property.

Kind regards
Aaron Novello

March 20, 2018

Think Like A Buyer And Sell Your Home Faster

Think Like A Buyer And Sell Your Home Faster

One of the most effective, yet sometimes overlooked, techniques when selling a home is to adopt a buyer's mindset.

This simple rule, putting yourself in the buyer's shoes, can reap excellent rewards.

Here are a few examples:

Looks Count - A well decorated and maintained home with a correctly presented interior has an overwhelming advantage over the competition. Think of the best homes you viewed when you were choosing your own home and try to emulate that standard, or even improve upon it.

Leave Nothing To Chance - It's often said that for every fault a buyer uncovers, the assumption will be that several others are just waiting to be discovered. Go through your home, looking for every negative, right down to a light bulb that's not working. As you'll probably know from your own buying experience, that's the sort of detail people will go to when viewing.

De-Personalize the Home - The home we live in is often significantly different from the one we need to sell. And while injecting your personality while you live in it is one of the great joys of owning a place of your own, the result is often counterproductive when you're trying to attract buyers. Any kind of clutter and lots of family pictures and very personal items that have a political or religious bias, for example, should be packed away. It's essential to take as much of the "you" out of the home as possible. Only a very small percentage of home buyers will look beyond the home's decor and imagine what it could be. Therefore neutral color schemes are also recommended.

Help to Sell the Location - Work with your agent to create a list of the best aspects of your location. Don't make the assumption that buyers will know the area as well as you do. Ensure that all local advantages and amenities are included, as well as logistical considerations like access to road networks and public transport options.

Be Flexible - It's important to acknowledge that many buyers have very different work schedules to your own. Indeed some of the most well qualified buyers work the most unusual hours. Therefore always be prepared to accommodate viewings that fit in with the buyer's timetable, even if not ideal for your own, such as late in the evening or very early in the morning.

While it's impossible to accurately anticipate the needs of every buyer, the above common sense steps will help you to achieve a quicker sale, simply because you've covered the most likely eventualities.

We'd be delighted to help you fine tune things, so please don't hesitate to contact us for gudiance on any aspect of home selling.

Kind regards
Aaron Novello

March 8, 2018

Taking The Stress Out Of Probate

Taking The Stress Out Of Probate

There is not a more challenging and stressful time in life than when we lose a much-loved relative.

As if your emotions at such a moment aren't enough to cope with, practical matters like dealing with the deceased's estate often only add more unwanted pressure.

And when a large asset such as real estate is involved, this can easily make things even tougher to deal with.

Here at The Novello Group we have considerable expertise and an excellent track record of helping our clients to reach successful outcomes in these situations.

As professional real estate agents, with an in-depth knowledge of the legal aspect of probate, we are in a great position to act as a center of communication for you, taking away the strains of having to deal with so many parties that can be involved in probate, including attorneys, guardians, administrators, accountants, trustees, etc.

Above all, our goal is to ensure things go as smoothly as possible, taking as much off of your shoulders and putting it onto ours.

The probate process usually requires a greater amount of administration and paperwork than a standard home sale. Our deep experience in this field enables us to anticipate any issues that are likely to arise before they happen, ensuring a smooth closing.

A lot of the families we work with in estates/probate are not local, and often live a very long distance from the property in question.

One of the ways we can add value in these situations is the handling, allocating or disposing of personal effects, and coordinating and overseeing any handyman work that may be required to prepare the property for sale to ensure we are getting top dollar.

Our proven ability to sell homes for the best price in the required timeframe helps to ensure that things can be brought to a successful conclusion as quickly as possible.

Please feel free to contact us at any time if you have questions or concerns relating to probate.

Posted in Probate
Feb. 22, 2018

Will I Get A Better Return If I Delay My Home Sale?

Will I Get A Better Return If I Delay My Home Sale?

Right now is just a great time to be selling real estate.

Demand is high and sold prices are consequently also climbing.

And while many sellers have indeed decided to list recently, there's also another group of on-the-fence sellers taking the more speculative view that they'll enjoy even better returns if they wait.

The problem is that predicting what happens to home prices in the future is such an uncertain science.

Of course the ideal situation to be in is to sell at the very top of the market, but no one ever knows exactly where that summit is until we've all passed it.

Right now there is a growing feel-good factor that's been informing the homes market for some time now. The question is how much longer will that last?

There are always positive and negative economic indicators out there, but surely the more sensible decision making process is to look at where you currently sit in terms of the potential returns you could achieve at the moment.

If you've owned the same place for a number of years, then chances are you may be surprised by the sort of equity gains you've already achieved, based on the current market value of your home.

And if you don't have an idea of current value, click here and go to our online valuation tool which will give you an instant ballpark price estimate, based on present market conditions.

If it looks like you could already achieve a substantial return on sale, you then need to ask yourself if playing a waiting game, where any number of changing circumstances could impact on that price, is the best strategy for you.

Dealing in the "now" in real estate is actually the only way to be relatively certain of the outcome.

Contact us today for a discussion of your best options related to your individual circumstances. This might be the perfect moment for you to cash out!

Kind regards
Aaron Novello

Feb. 7, 2018

What New Tax Reforms Directly Apply to Real Estate?

What New Tax Reforms Directly Apply to Real Estate?

As you'll already be aware, very wide ranging tax reforms have now become law.

Inevitably, there are some changes that will have a more direct effect on real estate, so I thought I'd take you through some of the key ones:

Mortgage Interest Deduction - This is now capped at $750,000 (previously $1,000,000). This also applies for second homes.

1031 Exchanges - Previously 1031 exchanges applied to all classes of property, but there are now more limitations on what property can be included, although real estate based in the United States, improved or unimproved, is not affected (please seek professional advice for specific information).

State and Local Tax Deduction - The total of income, sales and property tax deductions is now capped at $10,000 (previously unlimited).

Home Equity Loan Deduction - Now only allowed if the proceeds are to substantially improve the property.

Moving Expense Exclusion and Deduction - Eliminated with the exception of armed forces members on active duty moving pursuant to military orders.

There are no changes to the following:
Capital Gains Exemption on Sale of Primary Residence.
Depreciation Recovery Periods for Real Property.

If you weren't already aware of any of the above, I hope this helps to clarify things in your mind. Of course for specific advice directly related your own situation, it's essential to consult your financial advisor.

Don't hesitate to get in touch if you have any questions or concerns related to real estate.

Aaron Novello

Jan. 5, 2018

Tips for Smart Home Selling in 2018

  Tips for Smart Home Selling in 2018

First of all a very Happy New Year to you. I hope you enjoyed the holidays.

2018 is now under way and many people will already be considering their real estate options.

If you are planning to sell your home this year, here are some tips that will help you to make smart choices:

Don't Delay The Sale - If you are already committed to selling, there really is no time like the present to act. That's because we have a very lively market at present and if you wait until the spring you'll have more competition from other sellers and there'll also be more pressure on your asking price, as buyers will have more similar homes to choose from.

Take Advantage of The Economy Now - No one can confidently predict where the economy will be in a few months' time, so again it is wise to act now while we have such a great feel good factor.

Money is Still Cheap - Very low mortgage rates are still on offer and it therefore makes sense to take advantage of them sooner than later. The better the economy does, the more likely they are to continually rise, as low rates are usually a product of weak investor confidence.

Give Buyers a Much Needed Extra Option - Inventory of available homes for sale remains tight across most market sectors, so by listing your home right now you are providing another welcome option for those who may be struggling to find a property that ticks all their boxes.

Be Prepared for the Sale - It's never too early to start addressing any repair, maintenance or decoration work that needs to be done to the property. Far better to be fully prepared for the sale in advance, than having to rush to make sure everything is correctly presented when you actually list.

Start the Agent Selection Process - Even if you don't plan to sell for some months, why not start the agent interview process immediately. This will give you time to discover how much variation there is in the efforts agents will make on your behalf, so that you don't make a hasty choice that sees your home still not sold while your neighbors who selected the right agent have already moved. Establish the agent's track record, marketing plans and ask to see testimonials from recent happy sellers.

I hope this advice will be helpful to you. Contact us today and find out how we are helping so many home sellers to make smart decisions every step of the way (200 closed and pending sales in 2017).

Kind regards
Aaron Novello