Frequently Asked Questions
- 1. What is YES Real Estate?More
Yes Real Estate is a Real Estate Brokerage Firm that focuses on buying and selling residential real estate in the South Florida area and is headquartered in Pinecrest, Florida.
- 2. What area does YES Real Estate typically service?More
YES Real Estate typically services the Tri County Area; Miami- Dade, Broward and the Palm Beaches. The majority of the properties sold lay in the Westchester, Kendall, Pinecrest, Coral Gables, Cutler Bay, Coconut Grove and Palmetto Bay areas.
- 3. Where does the name YES Real Estate come from?More
YES was born of the idea that we can make things happen. When you say “YES!” to something it is a feeling of empowerment and progress. That feeling is the main component of working with YES, because we will never say it cannot be done. Where there is a way there is a “YES!”
- 4. How long has YES been around?More
YES has formally been in business since December of 2015. Our founders Miguel Salvat and Albert Yabor have a combined 30 years experience as Top producers at their previous firms. After many years of working together they decided to form their own company where they could guide it based on the principles that brought them so much success.
- 5. What do I do if I have a question about buying or selling with YES Real Estate Services?
- 6. What is the MLS and how does it work?More
The MLS is a private database used by agents, buyers and sellers. MLS Stands for Multiple Listing Service and is paid for by licensed agents. The MLS is the virtual marketplace where users can see available listings, pricing, and all the relevant information a buyer or seller would need to make an informed decision. YES Real Estate is a member of the South East Florida Multiple Listing Service. The MLS is a fantastic tool that shows Supply & Demand taking place in real time with the most up to date data. An example of the MLS can be seen Here.
- 7. How do I determine how much home I can afford?More
Most lenders agree that typically ¼ of your income is the best ratio to go by when it comes to determining what your Loan Limits are. Lenders typically have a range of 25-32% Income to Debt Ratio they use when determining loan approval. Getting Pre-Approved by a lender is the very best way to find out what you can afford and what homes and areas would make a great place to begin your search. Our partners at Caliber Home Loans are excellent at walking you through the qualification process.
- 8. What are the two most important things to consider when selling a home?More
Price and Condition are where deals come together or fall apart. The work you put in, and the memories you had in your home, do not necessarily affect the value of the home. Often times sellers make the mistake of leaving the house to look “Lived In”. The error is that a potential buyer cannot picture themselves in the home. Empty or clean staged homes sell significantly faster and at a higher price. The value of a home is what a buyer is “ Willing to Pay” for it. So clean and accurate pricing will be huge factors in a quick sale at top dollar.
- 9. What makes up closing costs?More
Closing costs in most cases are made up of the following items:
• Attorney and Escrow Fees ( yours & the lender)
• Property Taxes
• Interest (Interes is paid from close date to 30 days of 1st Payment)
• Recording Fee
• Survey Fee
• First Premium of Mortgage Insurance (If applicable)
• Title Insurance
• First payment to escrow (future real estate taxes and insurance)
• Loan Discount Points
• Paid Receipt for Homeowners Insurance Policy (plus Fire and Flood Insurance if applicable)
• Document Preparation Fees
- 10. How do I prepare my home to show when I am ready to sell?More
A good rule of thumb is to pretend a member of the royal family is coming to visit. Curb Appeal is critical. Sweep the driveway, make sure the door bells work. Mow the lawn, make sure faucets and appliances work. Make sure any pets are unseen and remove any possible odor sources. Open curtain and let in natural light. In Miami the weather is often hot, make sure the inside temperature is cool and comfortable. When a potential buyer walks in the door, we must allow them to picture themselves living there and anything that blocks that mental picture is an obstacle to the eventual sale.
- 11. Who should I speak to before beginning my search for a new home?More
Before you begin searching for a real estate professional, you should speak to a bank or a lender. Being a Pre-Approved Buyer means you remove all the obstacles of the search and makes the showing process so much easier. A pre-approved buyer is a qualified buyer and gives you solid numbers on where to begin your search in terms of how much home you can afford and what areas are the best match for your price range. Another reason you should speak to a bank or lender is that if you are a First Time Home Buyer there are many programs available to you.
- 12. How can I find out how much my home is actually worth?More
Many books recommend hiring an appraiser. While that is an option appraisers tend to be better at justifying prices rather than determining values based on recent sales. YES Real Estate offers a great Home Valuation Tool where you can submit your address and one of our agents will give you a full report on the property including comparables for the last 6 months and the best range on what the current value is. Click here for Home Evaluation Tool.
- 13. How long is the process of buying a home?
- 14. To begin searching for a home, what should my credit score be?More
There are many programs available for repairing credit, and I would begin doing that prior to searching for a home. Higher credit scores mean more favorable loans and less fees. Typically a 580 -620 credit score would make you a good candidate to buy a home. Services such as Credit Karma offer you a free score evaluation.
- 15. How much is a downpayment for a home?
- 16. Why should I go with YES Real Estate Services?More
YES Real Estate is a company that prides itself on traditional values with modern technology tools. We put people and relationships first and do not let technology create barriers between us. We believe in “More Face Time” because a conversation and a handshake still go a long way. Our work speaks for itself and we hope to grow with you.
What personally identifiable information is collected from you through the web site, how it is used and with whom it may be shared.
What choices are available to you regarding the use of your data.
The security procedures in place to protect the misuse of your information.
How you can correct any inaccuracies in the information.
Information Collection, Use, and Sharing
We are the sole owners of the information collected on this site. We only have access to/collect information that you voluntarily give us via email or other direct contact from you. We will not sell or rent this information to anyone.
We will use your information to respond to you, regarding the reason you contacted us. We will not share your information with any third party outside of our organization, other than as necessary to fulfill your request, e.g. to ship an order.
Your Access and Control Over Information
You may opt out of any future contacts from us at any time. You can do the following at any time by contacting us via the email address or phone number given on our website:
- See what data we have about you, if any.
- Change/correct any data we have about you.
- Have us delete any data we have about you.
- Express any concern you have about our use of your data.
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This web site contains links to other sites. Please be aware that we are not responsible for the content or privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of any other site that collects personally identifiable information.
Wherever we collect sensitive information (such as credit card data), that information is encrypted and transmitted to us in a secure way. You can verify this by looking for a closed lock icon at the bottom of your web browser, or looking for “https” at the beginning of the address of the web page.
While we use encryption to protect sensitive information transmitted online, we also protect your information offline. Only employees who need the information to perform a specific job (for example, billing or customer service) are granted access to personally identifiable information. The computers/servers in which we store personally identifiable information are kept in a secure environment.