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81 Articles Found

Open House! 6353 S.W. 29th St. Miami, Florida

Friday, June 02, 2017

Tags:  6353 SW 29th Street, Miami

Open House! Please join us for lunch and a tour of this beautiful home. 4 bedrooms, 3 full bathrooms with 2,115 square feet of living area on a 7,500 square foot lot. Offered at $667,000 Hope to see you there!

When: Sunday, June 4 (1 pm - 4 pm)
Where: 6353 SW 29th St, Miami, FL 33155

 

Open House! 743 Tibidabo Ave. Coral Gables, FL 33143

Friday, June 02, 2017

Tags:  743 Tibiado Avenue, coral gables

Open House! Please join us for lunch and a tour of this beautiful home. 3 Bedrooms, 2 full baths, and 2,180 sqaure feet of living area on a 6,850 square foot lot. Offered at $990,000. Hope to see you there!

When: Sunday, June 4 (1 pm - 4 pm)
Where: 743 Tibidabo Avenue
Coral Gables, FL 33143

 

Open House! 1650 Galiano St. #TH3, Coral Gables

Friday, May 12, 2017

Tags:  1650 Galiano Street Unit TH3 open house

Join us tomorrow for a lunch and a tour of this beautiful townhouse! 3 bedrooms, 3 full bathrooms with 1,664 square feet of living area.
Offered at: $585,000

When: Saturday, May 13th, 2017 from 1:00 PM - 4:00 PM

Where: 1650 Galiano Street Unit TH3

 

New Listing! 1805 Ponce De Leon Blvd #517, Coral Gables

Wednesday, May 10, 2017

Tags:  Coral Gables Condo 1805 Ponce De Leon Blvd #517 GMI Real Estate Miami

New on the market! [1805 Ponce De Leon Blvd. #517] This one of a kind condo located in the heart of Coral Gables is fully remodeled with no details spared. 2 bedrooms, 2 full baths with 1,047 square feet of living area.
Offered at: $449,000

Special features include: 11 foot ceilings, split floor plan, California closets, marble flooring, and quartz countertops.

 

Broker's Open

Tuesday, May 09, 2017

Tags:  Broker's open GMI Real Estate Miami Iliana Abella

Please join us for lunch and a tour of this beautiful home. Hope to see you there!

When: 05/10/2017
Where: 6353 SW 29th Street Miami, FL, 33155

For more information visit our page on Facebook! https://www.facebook.com/gmirealestate/

 

New Listing! 6353 SW 29th Street, Miami

Monday, May 08, 2017

Tags:  6353 SW 29th street Miami Real Estate Iliana Abella

New on the market! 6353 SW 29th street is a brand new contemporary style home centrally located in the Schenley Park area. This bright home features 4 bedrooms, 3 full bathrooms with 2,115 square feet of living area on a 7,500 sqaure foot lot.

Special features include: custom wood cabinets, white quartz conuntertops, porcelain tiles, impact windows/doors, and a one car garage.

For more information call Iliana Abella (305-505-0488)

 

New Listing! 743 Tibiado Avenue, Coral Gables

Monday, May 08, 2017

Tags:  coral gables, real estate, 743 Tibiado Avenue, Miami

New on the market! [743 Tibiado Ave.] This Platinum Triangle beauty located in Coral Gables is impeccably remodeled, featuring a gourmet kithcen, marble floors, and a wood deck. 3 bedrooms, 2 full baths with 1,972 sqaure feet of living area.

Price: PENDING

For more information call Iliana Abella (305-505-0488)

 

More foreign buyers are entering Miami's real estate market!

Wednesday, May 03, 2017

Tags:  foreign buyers, Miami, south Florida, Farid Moussallem, luxury homes, south Florida real estate, Middle Eastern buyers, real estate, Miami real estate, coral gables

Great artice in the Miami Herad Business Monday column written by Master Brokers Forum board member Farid Moussallem. Click the link below!

http://www.miamiherald.com/real-estate/article147775884.html

 

Avoiding and working through poor appraisals

Friday, September 23, 2016

Tags:  Miami real estate agents, MBF, flawed appraisal, Master Brokers Forum, GMI, foreclosures, appraisals, poor appraisals, Iliana Abella

Agent to Agent: Avoiding and working through poor appraisals

How preparation and agent cooperation can overcome most appraisal issues

By Inman News - September 2016

Key Takeaways
• Poor appraisals are a reality of Miami real estate, and Miami agents simply have to prepare accordingly.
• An appraisal can be revised if the agent contests the report quickly, accurately, and professionally.
• If a bad appraisal cannot be fixed and it’s hurting a potential deal, order a second one.

In this monthly column, a member of Miami’s Master Brokers Forum will examine and positively resolve potential differences which may arise between real estate professionals in the field.
This month’s edition is written by Master Broker Iliana Abella, co-owner and Realtor for Greater Miami Investments, a full-service real estate boutique located in Coral Gables.

The situation: Two Miami real estate agents, representing both sides of a potential home sale, must overcome a poor appraisal.

While we have many terrific appraisal professionals here in Miami, an unfortunate reality is that poor and inaccurate appraisals have become a common occurrence. These can cause serious obstacles to completing deals, forcing buyers and sellers to re-negotiate already agreed-upon prices, often resulting in cancelled contracts.

Fortunately, there are ways for prepared and resourceful agents to overcome unsatisfactory appraisals.


REVISING THE APPRAISAL

Many appraisers will tell you that their report cannot be amended once filed, but that is simply not the case. I have found that if you offer a quick, well-researched, and professional response to a poor appraisal, they are usually willing to amend the report accordingly.

To begin the process, I thank the appraiser for their work, am careful not to insult them. Then I carefully point out where I think they might have made a mistake, or overlooked an important improvement or upgrade in the subject property. (I try to frame the discussion as me “assisting” them more than “challenging” them, pointing out with facts why the property may be worth more than the appraisal states.)

One common mistake on appraisals is the use of foreclosures or short sales as comparables, when the subject property is a traditional and not “distressed” sale. In cases like this, I will provide the appraiser with comparable sales that they might have missed, perhaps because they were not listed on the MLS or because I have access to information about a home that has not been recorded yet. The information has to be reliable and I always make sure to provide documents to back up my position. I also make it a point to attend all my transaction appraisals, and to give the appraiser a list of all the property’s improvements and upgrades BEFORE they make their report.

SAVED BY THE SECOND APPRAISAL

If the aforementioned strategies fail and a flawed appraisal cannot be revised, then I suggest to the parties that we simply get a second appraisal. While this may be an added expense of both time and money, I find it very often can be a deal-saver.

For example, I was recently negotiating a cash transaction for a listing, and my buyer wanted to make absolutely sure he was paying the right market price. The buyer and seller were quite apart on the sales price, and while the first appraisal justified my buyer’s offer, the seller was still unwilling to bring her price down.

Working with the seller’s agent, I suggested that we get a second appraisal, and recommended two professionals I had worked with before. This turned out to be the lynchpin of the deal; the second appraisal was $20,000 more than the first, and both the buyer and seller agreed to split the difference.

Fortunately, the agent representing the seller was on board with this strategy and highly cooperative. As poor appraisals continue to trouble our industry, my fellow Miami agents must work together to overcome these issues, advise our clients carefully, and develop creative ways to satisfactorily close our transactions.

###

The Master Brokers Forum is a home-grown, elite network of South Florida’s top-producing real estate professionals, built on a core foundation of ethical and professional behavior.

 

Emerge Americas The Changing Worlds of Music and Media

Wednesday, April 20, 2016

Tags:  Miami real estate agents, MBF, flawed appraisal, Master Brokers Forum, GMI, foreclosures, appraisals, poor appraisals, Iliana Abella

 

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Thursday, December 14, 2017

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Open House! 743 Tibidabo Ave. Coral Gables, FL 33143
Open House! Please join us for lunch and a tour of this beautiful home. 3 Bedrooms, 2 full...

Open House! 6353 S.W. 29th St. Miami, Florida
Open House! Please join us for lunch and a tour of this beautiful home. 4 bedrooms, 3 full...

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