Is It Enough To Offer Asking Price in Today’s Housing Market?

Written by Miami Beach Condo Financing Syndicated User on April 26, 2022. Posted in Buying Myths, Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Housing Market Updates, Miami Beach Condo Financing, Move-Up Buyers.

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price. In today’s real estate market, buyers shouldn’t shop for a home with the same expectations. Things Are Different Today Today’s housing market is anything but normal. According...

Myths About Today’s Housing Market [INFOGRAPHIC]

Written by Miami Beach Condo Financing Syndicated User on April 23, 2022. Posted in Buying Myths, Condo Financing Miami Beach, For Buyers, For Sellers, Infographics, Miami Beach Condo Financing, Selling Myths.

Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions. Let’s connect so you have an expert to help separate fact from fiction in today’s housing market. Content previously posted on Keeping Current Matters

Brickell Waterfront Development Site At 1201 Brickell Bay Dr Sells For $363M

Written by Miami Beach Condo Financing Syndicated User on April 23, 2022. Posted in Brickell Condos, Brickell New Developments, Brickell Real Estate, Condo Financing Miami Beach, Design & Architecture, FECR, Miami Beach Condo Financing, Neighborhoods, Renderings, South Florida Real Estate.

The 2.5 acre Brickell waterfront development site that had been planned as The Towers by Foster + Partners has traded hands for $363 million. This is the only waterfront development site that is ready for construction in Brickell. What is in store for…

Why This Housing Market Is Not a Bubble Ready To Pop

Written by Miami Beach Condo Financing Syndicated User on April 22, 2022. Posted in Condo Financing Miami Beach, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Miami Beach Condo Financing, Pricing.

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The...

How To Approach Rising Mortgage Rates as a Buyer

Written by Miami Beach Condo Financing Syndicated User on April 21, 2022. Posted in Buying Myths, Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Miami Beach Condo Financing, Move-Up Buyers.

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead. If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. How Rising Mortgage Rates Impact You Mortgage rates play a significant...

Why Sell Your Miami Investment Condo When Rents Are So High?

Written by Miami Beach Condo Financing Syndicated User on April 20, 2022. Posted in brickell investment condos, Buying & Selling Real Estate, coconut grove investment condos, Coconut Grove Real Estate, Condo Financing Miami Beach, Luxury Condos, Market Trends, Miami Beach Condo Financing, miami investment condos, miami investment real estate, South Florida Real Estate.

The party is on till the break of dawn for Miami investment condo owners and landlords, leaving tenants terrified. So, if the rental market is so great for Miami investment condo owners, why should they sell now? We have a few reasons…

Why Pre-Approval Is an Important Step for Today’s Homebuyers

Written by Miami Beach Condo Financing Syndicated User on April 20, 2022. Posted in Buying Myths, Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Miami Beach Condo Financing, Move-Up Buyers.

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you’re qualified to make an offer.” Why does that matter so much today? There are many more...

Is It Time To Buy a Smaller Home?

Written by Miami Beach Condo Financing Syndicated User on April 19, 2022. Posted in Baby Boomers, Condo Financing Miami Beach, For Buyers, For Sellers, Miami Beach Condo Financing, Senior Market.

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that mean for your home? If you’re looking for ways to focus more on the important things in your life, the answer could be downsizing. A recent article from The Balance talks about why it could be a great option, saying: “There are many reasons to buy a smaller home—or to downsize from your present home—but sometimes,...

Miami Celebrities Who Got In Trouble With The Tax Man

Written by Miami Beach Condo Financing Syndicated User on April 17, 2022. Posted in Buying & Selling Real Estate, Celebrity Real Estate, Condo Financing Miami Beach, Miami Beach Condo Financing, Miami Celebrity Real Estate.

We always like to say that celebrities are just normal people with abnormal jobs and celebrities do have to pay taxes like everyone else but there’s also the famous song by Notorious BIG and Puff Daddy…

What Is Multigenerational Housing? [INFOGRAPHIC]

Written by Miami Beach Condo Financing Syndicated User on April 16, 2022. Posted in Baby Boomers, Buying Myths, Condo Financing Miami Beach, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Miami Beach Condo Financing, Millennials, Move-Up Buyers, Senior Market.

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. Let’s connect so you can find a house that meets your changing needs and has plenty of space for you and your loved ones. Content previously posted on Keeping Current Matters

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