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Andy Mandel's Blog

Monday, November 12, 2018   /   by Andy Mandel

What Closing Costs Do Florida Home Sellers Need to Pay?

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What can you expect to pay in terms of closing costs when it comes time to sell your home? This is a question on the minds of many sellers, so let’s get to the bottom of it.


The first cost to consider when selling is, obviously, the expense of paying off your current mortgage. By taking care of this, you’ll be able to pass the property on free and clear. Also, here in Florida, we may lack a state income tax, but we do have a Documentary Stamp tax on real estate, which costs 70 cents for every $100 of the purchase price. 


Florida home sellers will also need to account for the cost of a tax and lien search (approximately $250) and a title search. In Broward County, these are typically counted as a seller's expense, but this can be negotiated. 


If you live in a Homeowners Association, you’ll likely need to pay an estoppel f ...

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Thursday, October 11, 2018   /   by Andy Mandel

What’s the Latest in Coral Springs Real Estate?

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It’s time for another market update for the third quarter of 2018. For the purpose of this blog, we’re only going to be talking about single-family homes in the city of Coral Springs today.


When compared to the third quarter of 2017, the number of homes we saw come on the market in the third quarter of 2018 is up 9.2%. At the same time, the number of closed sales is down by 3.7% during that time frame.


The median price now sits at $410,000, which is up 5.81% from the $387,500 mark it was at during third quarter of 2017. The average days on market is down to 24 days. Homes are still selling quickly, there are just fewer of them selling overall.


In a balanced market, we will see about six months’ worth of inventory. This means that if no more homes hit the market, it would take six months for all the homes on the market to sell. ...

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  market update

Thursday, September 27, 2018   /   by Andy Mandel

Bring Your Staging Skills Up To Speed With These 3 Expert-Approved Tips

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Home staging is an essential component to the listing process. This important step can help you attract buyers, sell more quickly, and, ultimately, earn top dollar for your property. For this reason, I recently met with staging expert Bridget King of Captiva Design so she could share some insight on this essential real estate process.


Bridget has had a star-studded track record of success in the staging industry. In fact, you may recognize her from her HGTV appearance, when she helped actress Gabrielle Union with her home transformation. With credentials like that, I think it’s quite clear that Bridget knows what she’s talking about.


So, that said, there are two steps Bridget says you’ll need to take to get started on your staging journey:
Book your staging consultation. Scheduling this appointment, preferably with Captiva Design, is th ...

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  seller

Thursday, September 13, 2018   /   by Andy Mandel

Buyers: Beat the Competition and Get Your Offer Accepted by Following These 5 Tips

Buying in a seller’s market poses some unique difficulties, but you can easily overcome these problems by following five simple steps. 

Want to sell your home? Get a FREE home value report.Want to buy a home? Search all homes for sale.

Buying a home in today’s seller’s market may seem like a daunting task, but these five tips can help succeed in your real estate goals.



1. Be fully pre-approved up front. Our team works with some great lenders who can put you through underwriting at the start of your transaction. This will help you to compete in today’s seller’s market, even against cash buyers.


2. Don’t overanalyze your offer. If you find a great home, don’t think too hard about what it will take to secure it. Of course you want to make a purchase that is within your means, but don’t fret over fine details if they are all that stand between you and your dream home.
3. Work with an experienced agent. ...

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  buyer

Thursday, August 23, 2018   /   by Andy Mandel

What Can You Do to Reduce the Life of Your Loan?

Have no fear, homebuyers: there is a way you can shed years off of the life of your loan.



Want to sell your home? Get a FREE home value report.Want to buy a home? Search all homes for sale.

When I’m dealing with buyers, a lot of them will ask me whether they should get a 15-year mortgage or a 30-year mortgage.


I always try to recommend the 30-year mortgage, and here’s why: Your payments with a 30-year mortgage will be slightly lower each month, which allows you some flexibility in times of hardship.


However, here’s a useful trick to cut some years off of the life of your loan: if you add one-twelfth of your monthly payment onto your actual payment every single month, you can shave eight years off the total life of your loan.


For example, if your monthly mortgage payment is $2,500, and you pay an extra $200 per month on top of that, you’ll turn your 30-year loan into a 22-year loan and save a ton of money on interest.


I ...

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  buyer

The Mandel Team at Re/Max
Andy Mandell
9615 Westview Drive
Coral Springs, FL 33076
954-610-0563

The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare © 2018 MIAMI Association of Realtors®. All Rights Reserved.
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All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
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