Author: Your Trusted Home Buyer
In the real estate industry, holding costs, or carrying costs refer to the expenses a property owner needs to incur of any type until he/she decides to sell the property to another party. When you think “I need to sell my house South Florida”, these holding costs can be a real menace, significantly eating away at your sale price and hence eventual profit margin, depending on how long your home is on the market.
Florida’s Magic city’s real estate market has been nothing short of impressive. With gorgeous beaches, a contagious culture of excitement, and incredible weather has helped establish Miami as one of the hottest markets for real estate. As we enter the final quarter of 2020 Miami real estate has remained a strong buyers market something that investors can look to capitalize on.
In a previous blog posting, we explained what the fair market value (FMV) of your property meant and the general techniques used to derive the FMV of your home. We buy houses Orlando and all through Florida; in order to help you sell yours, we will be looking at another process of valuing your property called the assessed value.