Welcome to the 239 Real Estate Roundtable Podcast! I’m Kevin Tremmel, a local real estate agent, leader, and investor. I’m here to bring you insights from the best in the business.

Today, I want to share highlights from our recent podcast episode, From Accounting to Realty: Rooted in Britain, Thriving in Florida with Michael Skovron.

Michael is a top-producing realtor originally from London. He now excels in Broward, Palm Beach, and Miami-Dade counties. With an accounting background and a passion for helping clients, Michael has a lot of wisdom to share.

Let’s explore the key points from our conversation!

Listen to the 239 Real Estate Roundtable Podcast

Michael’s Journey and Success

Michael’s story is inspiring. He emphasised self-belief when I asked him about the key factor that helped him reach his goals. “I never really stopped believing in me,” he said. Michael practices constant self-checking and learns from mistakes without dwelling on them. This mindset has been crucial to his success in Florida.

Leveraging Unique Skills

He uses his skills to help clients understand the numbers, especially in commercial transactions. “Understanding numbers gives clients confidence,” he explained.

He ensures that the pros and cons of every transaction are clearly understood to minimize surprises.

Philosophy and Values

Michael’s philosophy centers on exceptional customer service, objectivity, honesty, and respect. “The only way to do this is to listen, really listen to what clients need,” he shared.

This approach has earned him 65 five-star reviews, proving his dedication and professionalism.

Michael’s Tips for First-Time Home Buyers in South Florida

First-time home buyers often feel overwhelmed by the process, but with the right guidance, it can be a smooth and enjoyable experience.

Here are some of Michael’s top tips:

1. Establishing Rapport with a Realtor

Michael stressed the importance of establishing a good rapport with a knowledgeable and experienced realtor.

A strong relationship with your realtor is essential for clear communication. It ensures they fully understand and meet your needs. This connection is the foundation for a successful home-buying journey. It fosters trust and collaboration every step of the way.

A realtor can help you navigate the complexities of the buying process and negotiate on your behalf to get the best deal possible.

By building this rapport, you can navigate the real estate market with confidence. You will know that your realtor is committed to helping you find the perfect home.

2. Selecting a Lender

Working with trusted lenders to get preauthorization letters helps realtors focus on properties within your financial reach. These letters tell you how much you can spend. 

This allows the realtor to find properties that fit your budget and preferences. It provides a clear understanding of your budget and enhances your appeal as a buyer to sellers. By having these letters, you show you are serious and financially prepared to make an offer.

3. Understanding Loan Types and Affordability

Michael points out that there are different types of loans available in Florida. The key is to find out what monthly payment you can comfortably afford. It’s also important to consider how changes in interest rates impact your loan over time.

Understanding these different loan types and how they might be affected by changing interest rates can help you make a well-informed decision. By carefully evaluating your financial situation and the loan options available, you can find a mortgage that aligns with your long-term financial goals and offers peace of mind.

4. Down Payment Assistance Programs

Michael mentions that Florida offers many down payment assistance programs, like the Hometown Heroes program. This program can help with up to 5% of the contract price, up to a maximum of $35,000, for down payments and closing costs.

5. Understand the Local Market

South Florida’s unique real estate market has challenges and opportunities. It’s important to understand local market dynamics, such as current trends, property values, and neighborhood characteristics.

Success in real estate can be greatly enhanced by having an experienced real estate mentor. A seasoned mentor offers valuable insights and guidance that can help you navigate the complexities of the industry.

6. Consider Long-Term Value

When buying a home, think about your future needs, not just your immediate ones. South Florida has a diverse real estate market, and some areas are seeing property values rise quickly.

Look for homes in neighborhoods with good growth potential, good schools, and attractive amenities. Also, consider if you can make improvements or renovations that increase the home’s value over time.

7. Stay Patient and Flexible

Michael advised first-time home buyers to stay patient and flexible during the home-buying process. The South Florida market can be competitive, so finding the perfect home might take some time.

Be ready to make compromises and keep an open mind. Trust the process, rely on your realtor’s expertise, and stay focused on your long-term goals.

Listen to 239 Real Estate Roundtable Podcast and Transform Your Real Estate Journey

My conversation with Michael has taught me the value of going above and beyond. His story and insights offer valuable lessons for anyone involved in the real estate market. 

He is not just a realtor; he is also a creative thinker. He uses innovative marketing tools and thinks outside the box to meet client needs effectively.

Michael’s dedication to customer service, innovative approach, and deep understanding of the market make him a standout professional in the industry.

Thank you for joining us on the 239 Real Estate Roundtable Podcast. Stay tuned for more insights and tips on navigating Southwest Florida’s real estate scene. Feel free to subscribe so you won’t miss an episode!

If you’re looking to buy, sell, or invest in real estate in South Florida, don’t hesitate to reach out to us.