South Florida Real Estate and Community News

Oct. 20, 2017

You're Ready to Sell, But is Your Agent About to Take a Long Break?

You're Ready to Sell, But is Your Agent About to Take a Long Break?

 

You're Ready to Sell, But is Your Agent About to Take a Long Break?


There's no doubt at all that this is a great time of year to sell your home.

This is the season when we see some of the most motivated buyers of the year. Buyers looking at this time often have a deadline-related reason for doing so, such as moving before the holidays, job relocation and tax implications.

What might surprise you, however, is that not all agents will be sharing your well-placed enthusiasm for what the coming weeks and months promise.

The sad truth is that some agents will have already decided that they've earned enough money this year and will be planning a long break, or drastically reduced working hours, until they slowly get back to normal at some point in the new year.

This means that you could find yourself ready, willing and able to welcome the motivated buyers that fall brings, only to realize that your agent isn't pulling his/her weight to attract interest in your home.

It's a perfectly valid question to ask your agent what his/her plans are between now and the end of the year. You'll invariably find that the most successful agents won't be taking a break and will be treating the rest of October and November and December as normal work periods.

At The Novello Group, we pride ourselves on working hard during this time of year. As I said earlier, there are some really important reasons why the buyers we'll be seeing in the near future are simply too incentivized and well-qualified to ignore.

If you're looking to partner with a year-round, high performer, call us today for an informal chat about the best strategy to sell your property as soon as possible.

Kind regards
Aaron Novello



The Novello Group Sold 20 Homes This Month!
Here are some of the highlights:

210 174 Ave #2319
SOLD $550,000

19380 Collins Ave PH6
SOLD $408,000
5781 SW 1 ST
SOLD $350,000

640 SW 96 Ave
SOLD $335,000

8706 NW 83 ST
SOLD $295,000

400 Leslie Dr #1030
SOLD $286,000

9222 NW 24 PL
SOLD $229,999

7580 Atlanta ST
SOLD $220,000

1614 NW 3 Ave
SOLD $185,000

200 Diplomat Pkwy #320
SOLD $170,000

1508 N K ST
SOLD $132,000

1732 7th Ave N
SOLD $129,000

The average Realtor sells less than one home each month. There is a method to working in this market and a reason for the success of Aaron and his clients. Contact us today to find out more!

 

 

Latest South Florida
MLS Stats:


Single Family Homes
Active:17,830
Pending: 1,231 (past 30 days)
Closed: 1,590 (past 30 days)
Days on Market: 201
Months of Inventory: 11.21


Condo
Active: 29,237
Pending: 1,233 (past 30 days)
Closed: 1,590 (past 30 days)
Days on Market: 212

Months of Inventory: 18.38

Contact Us

Aaron Novello
The Novello Group
Keller Williams Realty
FL
954-626-8768
Fax: 954-809-3003
Send an Email

www.soldinsouthflorida.com

 

Follow us online
Follow us on Facebook

From Our Listings

2348 NW 184 Ter $389,500

6082 Oak Bluff Way $345,000


5591 Coach House Cir A $259,000


Introductory Video

Please click to view


"This realty group is outstanding. After selling my Aunt’s apartment, following her death, and now selling my house in 2 DAYS, followed by finding me a condo in 3 weeks — what can I say but superior service. All the associates that I have dealt with have been courteous, patient and knowledgeable. I would strongly suggest that you call the Novello Group at Keller-Williams Realty for all your real estate needs."

- Gloria Glasser

 

Aaron Novello
The Novello Group
Keller Williams Realty, FL

Oct. 4, 2017

You Can Still Buy A Home In Time For The Holidays

You Can Still Buy A Home In Time For The Holidays

Well, it's October already and your thoughts may just be starting to turn to the upcoming holidays, maybe even moving to a new home in time for the celebrations.

With just over seven weeks to go until Thanksgiving, time is getting tight, but it's still possible to close on the home you've been looking for and be ready to entertain guests in your new surroundings.

Clearly there isn't a moment to waste, but stay calm and devote as much time as possible to finding the home you seek.

Time management is clearly critical in these circumstances. If you have some vacation time, then now might be a good time to take it so you can view homes without delay, and in a situation that's as relaxed as possible, enabling you to make an informed decision.

It's also vital to ensure you have everything lined up in terms of your finances. We'd advise any buyer to be pre-approved for the required level of mortgage before any home search, but if you're working to an immovable deadline it's arguably even more important, so that there are no unnecessary delays once you've made an offer and look to close as quickly as possible.

Finally, be certain you're teamed up with a motivated and pro-active buyer's agent. The best buyer's agents will often know about homes that meet your needs even before they are officially on the market, meaning that you can be among the very first to view them - a huge advantage when you're working to a tight timescale in today's competitive conditions.

We'd be pleased to help you to achieve your goal of being settled in before the holiday fun starts. Get in touch with me today and learn how we regularly work with clients to obtain the right home in the timeframe they have available.

Kind regards
Aaron Novello

Sept. 21, 2017

Reflections After The Storm

Reflections After The Storm

 

Reflections After The Storm


Southeast Florida as a whole was extremely lucky avoiding a direct hit from a Category Five hurricane.

I am aware that some were less fortunate then others. For those of you with damage, I have compiled some links from around the internet with information on how to get assistance. If you need to make a flood claim, please click here to go to FEMA's dedicated page on exactly what to do in this situation. There's also a section giving details on advance payments that can be made in certain circumstances before your adjuster arrives to inspect your damage.

FEMA provides some very good tips on cleanup and other great advice, which can be found at FEMA's dedicated Hurricane Irma page.

For the most part Miami-Dade, Broward and Palm Beach counties were fortunate and fared relatively well during the storm. This means that the local real estate market has actually gotten back to business as usual very quickly.

We would of course be happy to help answer any post-Irma questions or concerns you have related to real estate, so please don't hesitate to reach out to us.

Kind regards
Aaron Novello



The Novello Group Sold 21 Homes This Month!
Here are some of the highlights:

2348 NW 184th Terr
PENDING $393,000

291 NW 78th Terrace
SOLD $340,000
1680 SW 27th Ave
SOLD $275,000

7115 NW 58th Court
SOLD $206,000

200 Diplomat Pkwy
PENDING $170,000

631 SW 5th Ave
SOLD $151,000

2710 S. Ocean Drive
SOLD $144,000

2725 Casita Way
SOLD $130,000

440 Paradise Isle Blvd
SOLD $110,000

1061 Cornwall D
SOLD $100,000

35303 SW 180th Ave
SOLD $94,000

601 S. 19th Ave
SOLD $75,000

The average Realtor sells less than one home each month. There is a method to working in this market and a reason for the success of Aaron and his clients. Contact us today to find out more!

 

 

Latest South Florida
MLS Stats:


Single Family Homes
Active:17,251
Pending: 1,462 (past 30 days)
Closed: 1,857 (past 30 days)
Days on Market: 190
Months of Inventory: 9.28


Condo
Active: 28,288
Pending: 1,565 (past 30 days)
Closed: 1,823 (past 30 days)
Days on Market: 205

Months of Inventory: 15.5

Contact Us

Aaron Novello
The Novello Group
Keller Williams Realty
FL
954-626-8768
Fax: 954-809-3003
Send an Email

www.soldinsouthflorida.com

 

Follow us online
Follow us on Facebook

From Our Listings

133 N. Pompano Beach Blvd #1509 $348,000

7635 N. Stonecreek Drive $284,900


427 Golden Isles Drive #14A $199,999


Introductory Video

Please click to view


"This was an exceptional experience. Aaron Novello is a very professional realtor I would recommend him to all of my friends I didn't really need to lift a finger, the closing went off without a hitch. It was awesome. Definitely use Aaron Novello"

- Charles Miller

 

Aaron Novello
The Novello Group
Keller Williams Realty, FL

Aug. 9, 2017

What Do Millennials Look For In a Home?

What Do Millennials Look For In a Home?

 

What Do Millennials Look For
In a Home?



According to a recent report by the National Association of REALTORS®, millennials are the largest group of home buyers for the fourth straight year, with about 40% of all home sales being made by those aged 36 and younger.

What I think is sometimes underplayed, however, is the importance of recognizing some of the specific home buying needs of this vital market sector.

Given the speed that today's world dictates that millennials must lead their lives, if you're a seller from an older generation it helps to acknowledge that their motivations may be very different from when you first got on the housing ladder.

Time poverty is a huge problem for millennials trying to hold down a busy job and, in many cases, raise a family. It therefore follows that they very often want to move in fast and buy a home that doesn't need a lot of remodeling (none preferably). This may contrast with your own experience, at a time when methodically selecting a "fixer upper" was pretty much the norm. Therefore a well presented, modern looking, fully functional home really has advantages.

Location is another area where times have changed. In the past a home in a very quiet, out of the way area with plenty of land was seen as highly desirable. The ultra-busy lives that millennials lead means that they generally will require an easy to maintain home that's near to their work and has all the shopping and leisure facilities they need when they do get some spare time. Nearby access to public transport can be a big plus too. So if your home ticks all those boxes, it should be of great appeal to this group of buyers.

It's also critical to recognize that most millennials live on their phones and mobile devices and will look online for a home in exactly the same way as they might buy anything else. That's why we designed our website to have full "responsive capabilities", which means that it automatically adapts to give the very best user experience for people on the move.

Perhaps above all, though, is the need to recognize that millennials like to move quickly, hence the saying "snooze you lose" often applies, especially if you're in competition with other sellers who are more responsive to offers, questions etc.

While much of the selling process is universal, irrespective of the buyer, I hope the above pointers help you to evaluate not only how suited your home might be to millennial buyers, but also how to handle their interest in the most effective way.

Needless to say, we're here to help you at every stage in the process, so please don't hesitate to get in touch.

Kind regards
Aaron Novello



The Novello Group Sold 20 Homes This Month!
Here are some of the highlights:

941 SW 87th Terr
SOLD $449,999

5025 Ibis Place
SOLD $363,000
12351 NW 29th Pl
SOLD $275,000

1149 Hillsboro Mile SOLD $269,000

7922 Exeter #202
SOLD $265,000

7102 NW 67 ST
SOLD $220,000

210 N 65 Terrace
SOLD $213,000

2710 S. Ocean Dr. #303
SOLD $144,000

440 Paradise Isle Blvd
#402 SOLD $110,000

7543 Trent Dr #206D
SOLD $105,000

1750 NW 3 Terrace
#104C SOLD $102,500

4027 Ventnor H
SOLD $85,000

The average Realtor sells less than one home each month. There is a method to working in this market and a reason for the success of Aaron and his clients. Contact us today to find out more!

 

 

Latest South Florida
MLS Stats:


Single Family Homes
Active:17,630
Pending: 2,452 (past 30 days)
Closed: 3,548 (past 30 days)
Days on Market: 173
Months of Inventory: 4.96


Condo
Active: 28,594
Pending: 2,553 (past 30 days)
Closed: 3,279 (past 30 days)
Days on Market: 195

Months of Inventory: 8.72

Contact Us

Aaron Novello
The Novello Group
Keller Williams Realty
FL
954-626-8768
Fax: 954-809-3003
Send an Email

www.soldinsouthflorida.com

 

Follow us online
Follow us on Facebook

From Our Listings

3910 NE 26th Ave $849,999

3140 S. Ocean Blvd #107N $499,999


133 N.Pompano Beach Blvd #1509 $367,000

Introductory Video

Please click to view


"I highly recommend Aaron. He is a consummate professional, knowledgeable and extremely courteous. Keeps you informed and updated. Really has a grasp on condominium home owners associations rules and regulations which can be a nightmare."

- Tom Everhart

 

Aaron Novello
The Novello Group
Keller Williams Realty, FL

Aug. 8, 2017

An Introduction to The Novello Group

In this video Aaron Novello outlines what sets The Novello Group apart from other agents.

July 21, 2017

The Importance of Checking Out Agent Reviews

Usually when buyers and sellers are engaged in the selection process of choosing an agent, often they ask friends for a referral.

With today's internet technology, however, folks are now going online and doing their own homework and studying agent reviews.

Like any other service, such as using reviews to buy a product on Amazon or choosing which restaurant to visit through Yelp, agent reviews on platforms like Zillow and Google essentially provide "social proof" that others have used an agent's service. Good reviews confirm that the agent provides good service, communicates properly, maximizes sellers' returns and makes the home-buying process as smooth and efficient as possible.

It's a great way of developing trust and I encourage you to refer to reviews when selecting an agent, if you're a seller and/or a buyer.

We've had the great fortune of earning a stellar reputation online with 199 five-star reviews. Make sure whomever you are considering for the job can back up their claims of superior service and results with reviews.

Please don't hesitate to get in touch with me if I can help you in any way at all.

Kind regards
Aaron Novello

June 30, 2017

Handling Offers When You're in a Hurry To Sell a Property

Handling Offers When You're in a Hurry To Sell a Property

 

Handling Offers When You're in a Hurry To Sell a Property


Many people need to sell a home very quickly at some stage in their lives.

In South East Florida we have a large elderly population. As such when a family member passes often times the beneficiaries begin to get solicitations in the mail from investor types.

These investor's goal and objective is to buy at a step discount. As you might expect, offers from investors are typically far less than the true market value of the property.

In this situation, it's essential to have a professional agent provide you a clear realistic picture of value so you know if you are leaving large amounts of money on the table.

Indeed we recently had a situation where a client received multiple offers from investors. After listing the property with us the seller ended up netting $18,000 more than the highest offer they had from an investor, even after they paid us a commission!

If you, or people you know, are in a hurry to sell, contact us today to arrange an accurate valuation and obtain more details on how we ensure our clients achieve the best possible returns.

Kind regards
Aaron Novello



The Novello Group Sold 16 Homes This Month!
Here are some of the highlights:

2941 Hidden Harbour St
PENDING $570,000

801 NW 72 Ave
SOLD $439,900
14704 Via Tivoli Ct
SOLD $419,900

5025 Ibis Place
PENDING $363,000

1481 NW 103 Ave
SOLD $360,000

5860 SW 7 ST
SOLD $324,000

12351 NW 29 Place
PENDING $275,000

1149 Hillsboro Mile
PENDING $269,000

33 Glens Dr W
SOLD $215,000

5100 Dupont Blvd
SOLD $189,100

1401 SW 134 Way
SOLD $115,000

1750 NW 3 Terr
PENDING $102,500

The average Realtor sells less than one home each month. There is a method to working in this market and a reason for the success of Aaron and his clients. Contact us today to find out more!

 

 

Latest South Florida
MLS Stats:


Single Family Homes
Active:17,626
Pending: 2,714 (past 30 days)
Closed: 4,061 (past 30 days)
Days on Market: 171
Months of Inventory: 4.34


Condo
Active: 29,321
Pending: 2,828 (past 30 days)
Closed: 3,800 (past 30 days)
Days on Market: 189

Months of Inventory: 7.71

Contact Us

Aaron Novello
The Novello Group
Keller Williams Realty
FL
954-626-8768
Fax: 954-809-3003
Send an Email

www.soldinsouthflorida.com

 

Follow us online
Follow us on Facebook

From Our Listings

3910 NE 26th Ave $849,999

3140 S. Ocean Blvd #107N $599,999


10761 NW 5th ST $485,000


"The offer I accepted was received within 4 days of signing with the Novello group. Aaron and Donna made the process very simple and stress free."

- Matthew M.

 

Aaron Novello
The Novello Group
Keller Williams Realty, FL

June 13, 2017

Key Considerations When Selling a Rental Property

Key Considerations When Selling a Rental Property

The strong real estate market conditions here in South Florida could mean that it's a great time for you to cash out of a rental property.

While this can often be a complex decision, today I'd like to address a couple of common key considerations.

Tax efficiency is always a concern where capital gains are likely. However, for those investors who are selling rental property as a means of, say, buying a more attractive or larger property, the 1031 Exchange is a really great option.

A 1031 Exchange enables investors to take money that would otherwise go towards taxes and use it to make more money. It recognizes that you are selling an investment property and using the money to pay for another property intended to be used as an investment.

As you would expect, there are plenty of rules governing what's eligible in a 1031 Exchange, including some flexibility in terms of what can be classed as business property. For instance, you can even include a vacation home if it's only used by you for two weeks out of the year or for less than 10% of the time it's been rented for.

Inevitably, you need to talk to an expert to make the most of this opportunity and we have excellent contacts with experts in this field that we can put you in touch with.

Another concern for landlords can be how to handle the impending sale with existing tenants. Clearly there will be contractual obligations, but effective communication is absolutely key.

It's sometimes feasible to negotiate the sale of the property to a new investor who will be happy to have existing tenants and to honor the terms of a still active lease agreement.

Most of the time however, it's more straightforward to give your tenant the legally required notice to vacate. If a very fast sale is essential, it is not uncommon for tenants to be paid to leave early. Again all a balance of your individual circumstances and needs.

It also makes a lot of sense to put the property on the market 90 days before the lease is up so that the unit is not unoccupied for an extended period of time.

I hope that the above is of help to you and I would be delighted to answer any other specific questions you have if you're exploring the possibility of selling rental property.

Please don't hesitate to contact me
.

Kind regards
Aaron Novello

May 26, 2017

Should I Relist with the Same Agent?

News from The Novello Group - Should I Relist with the Same Agent?

 

Should I Relist
with the Same Agent?



There's no doubt that the current South Florida real estate market is doing really well at the moment.

So why, then, do some homes still remain unsold?

While there can be many reasons behind this failure, unfortunately we've observed that an all too common one is a lack of effort by the appointed listing agent. If you're listing is soon to expire with your current agent, with no sign of an offer, you owe it to yourself to consider whether he/she has earned your loyalty for another few months.

Ideally, you should meet with your agent and carefully examine why the home hasn't yet found a buyer.

Apart from any considerations to do with the presentation of the home, the discussion should also include a thorough breakdown by your agent of exactly what has been done to market the property.

Has, for example, the agent been selling your home on a daily basis by prospecting with existing clients and their contacts and keeping in touch with the area's top buyer's agents? Is the latest technology being used to ensure that your property is available for viewing across multiple platforms online and across multiple devices? Is there a proven track record that can demonstrate the effectiveness of marketing efforts?

No matter what you're told, a tell-tale sign of inactivity on your behalf is if the home has attracted very few showings or no offers.

And if you don't know already, don't be afraid to ask the agent the direct question as to whether he/she is working full-time in real estate, or if there are other calls on his/her time. In spite of the buoyancy of the current market, it still requires a great deal of effort to attract viewings from qualified buyers and achieve the best return in the shortest timeframe.

Selling a home is a business decision and as such it always makes sense to get more than one opinion to get an alternative view of what needs to be changed in order to get what you want in the time you want. Naturally we hope you will include us in that process, so you can discover how we consistently sell a home every 72 hours and have ranked among the REAL TRENDS Top 1000 agents nationally for the past three years.

Please don't hesitate to contact us today.

Kind regards
Aaron Novello



The Novello Group Sold 16 Homes This Month!
Here are some of the highlights:

770 NE 70th ST
SOLD $430,000

14704 Via Tivoli Court
SOLD $419,900

33 Glens Dr West
SOLD $215,000

410 Golden Isles Blvd
SOLD $210,000

1850 S. Ocean Blvd
SOLD $205,000

6650 Perry St
SOLD $185,000

2910 Point East Dr
SOLD $159,900

215 SW 7th ST
SOLD $141,500

10422 NW 24 PL
SOLD $140,000

1401 SW 134th Way
SOLD $115,000

2226 N. Cypress Bend
SOLD $114,000

6661 NW 25th ST
SOLD $95,000

The average Realtor sells less than one home each month. There is a method to working in this market and a reason for the success of Aaron and his clients. Contact us today to find out more!

 

 

Latest South Florida
MLS Stats:


Single Family Homes
Active:17,987
Pending: 3,001 (past 30 days)
Closed: 3,958 (past 30 days)
Days on Market: 172
Months of Inventory: 4.54


Condo
Active: 29,963
Pending: 3,106 (past 30 days)
Closed: 4,042 (past 30 days)
Days on Market: 187

Months of Inventory: 7.41

Contact Us

Aaron Novello
The Novello Group
Keller Williams Realty
FL
954-626-8768
Fax: 954-809-3003
Send an Email

www.soldinsouthflorida.com

 

Follow us online
Follow us on Facebook

From Our Listings

3140 S. Ocean Blvd #107N $670,000

10761 NW 5th ST $512,000


19380 Collins Ave $499,000


" Aaron and his team take care of clients like no other. As a lender, when you work with a group of realtors that care about their clients the way they do, it really makes a huge difference. I would definitely recommend working with this group of hard working, caring, honest, and ethical realtors. This group is second to none."

- Daniel Tokar

 

Aaron Novello
The Novello Group
Keller Williams Realty, FL

May 12, 2017

Why All Home Valuations Aren't Equal

 

I'd be very surprised if at some time you hadn't looked to see your home's value on one of the well-known generic home pricing sites.

These sites are great fun and they can at least provide a very, very rough idea of what your home might be worth.

But they most certainly are not accurate.

The fun of getting a home evaluation in this way can lead to unrealistic expectations and ultimately disappointment when sellers come to the realization that the price they were given online was not realistic.

If you look carefully at the definition of the value online sites provide you for your property, you will see based on geographic location, they can be off by as much as 10%.

So why are these home valuations unreliable?

Each site has its own calculation method. There is therefore no consistency to the methodology and also no account taken of current market trends, or actual condition of the property or modifications that have been done.

Ultimately, getting a home valuation in this way is simply not an accurate measure of your home's true worth. To obtain that, you need to engage with a highly experienced agent who will know exactly what is happening in the property's market sector, not only in terms of very recent sold prices, but current buyer trends. When these factors are taken into account in combination with an in-person walk through of the home, the result is an assessment of value that is much more precise.

If you would like to get an accurate assessment of your home's worth, please let us know.

Kind regards
Aaron Novello