Things To Avoid After Applying for a Mortgage [INFOGRAPHIC]

Written by Miami Beach Condo Financing Syndicated User on July 6, 2024. Posted in Buying Tips, Condo Financing Miami Beach, For Buyers, Infographics, Miami Beach Condo Financing, Mortgage Rates.

Some HighlightsThere are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position when you get to the closing table.Don’t change bank accounts, apply for new credit, make any large purchases or transfers, and don’t co-sign loans for anyone. Here’s a good rule of thumb. Always connect with your loan officer before making any financial decisions once you’ve started the mortgage process.

Mr. C Residences In Coconut Grove Receives Certificate Of Occupancy

Written by Miami Beach Condo Financing Syndicated User on July 5, 2024. Posted in Cipriani, Coconut Grove Luxury Condos, Condo Financing Miami Beach, Luxury Condos, Miami Beach Condo Financing, Mr. C Coconut Grove, Neighborhoods, New Construction, Terra Group.

It’s here! At last, Mr. C Residences in Coconut Grove has received their Certificate of Occupancy from the City of Miami and closings have begun. The project launched at the end of 2019 as a partnership between the famed Cipriani Family and Miami’s Terra Group. After the success of the Mr. C Hotel in Coconut Grove, a condo tower made sense. With amenities by Meyer Davis and the design of the tower coming from Arquitectonica, the team brought together a highly successful project despite the fact that it was all coming to fruition during the pandemic. Rendering of Mr. C Tigertail Residences...

Construction Update: St. Regis, Miami in Brickell Plans Two Tower Cranes And Hits 60% Sold

Written by Miami Beach Condo Financing Syndicated User on July 5, 2024. Posted in Brickell Pre-Construction Condos, Condo Financing Miami Beach, Luxury Condos, Miami Beach Condo Financing, Neighborhoods, New Construction, Related Group, St Regis Brickell.

Despite media reports of a cooling market, Miami is still going strong. The St. Regis, Miami in Brickell currently has plans for two tower cranes at their jobsite at 1809 Brickell Avenue while also reaching the 60% sold benchmark. According to a filing with the FAA for two tower cranes, the project plans to have both rise 741 feet above ground or 750 feet above sea level. The landmark project will replace a 17-story building that is currently awaiting demolition. In the summer of 2023, the project quickly passed Urban Design Review Board approval process, with only a few minor tweaks....

Homeownership: The Heart of the American Dream

Written by Miami Beach Condo Financing Syndicated User on July 5, 2024. Posted in Buying Tips, Condo Financing Miami Beach, Equity, For Buyers, Miami Beach Condo Financing.

Everyone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity — values closely tied to having your own home and the iconic feeling of achieving the American Dream.A recent survey by Bankrate reveals exactly that: homeownership is still a part of the American Dream. The results show, at 78%, that owning a home tops the list, surpassing other significant milestones such as retirement, having a successful career, and more (see below):So, why is buying a home important to so many today? One reason is the financial and physical...

Homeowners Gained $28K in Equity over the Past Year

Written by Miami Beach Condo Financing Syndicated User on July 4, 2024. Posted in Condo Financing Miami Beach, Equity, For Sellers, Miami Beach Condo Financing, Selling Tips.

If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you’re building equity much faster than you might think. Here’s how it works.Equity is the current value of your home minus what you owe on the loan.Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that’s pushed prices up. That rise in prices has translated directly into increasing equity for homeowners.How Much Equity Have You Earned over the Past 12 Months?According to the latest Homeowner Equity...

Real Estate Still Holds the Title of Best Long-Term Investment

Written by Miami Beach Condo Financing Syndicated User on July 3, 2024. Posted in Buying Tips, Condo Financing Miami Beach, For Buyers, Home Prices, Miami Beach Condo Financing, Mortgage Rates.

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:But why does real...

What To Do When Your House Didn’t Sell

Written by Miami Beach Condo Financing Syndicated User on July 2, 2024. Posted in Condo Financing Miami Beach, For Sellers, Miami Beach Condo Financing, Selling Tips.

If your listing expired and your house didn’t sell, it’s totally natural to feel a mix of frustration and disappointment. And as you’re working through that, you’re probably also wondering what went wrong and what you should do next.If you still need to move and want to get it back on the market, here are some things to consider as you look back.Was It Priced for Today’s Market?Setting the right price from the start is key. While it might be tempting to try shooting high with your price, that can slow down the selling process big time. If your house was priced higher than others similar to...

Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

Written by Miami Beach Condo Financing Syndicated User on June 29, 2024. Posted in Condo Financing Miami Beach, Forecasts, Home Prices, Infographics, Miami Beach Condo Financing, Mortgage Rates.

Some HighlightsWondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady.If you have questions about what to expect for the rest of the year, connect with a local agent to have a conversation about what it means for you and your plans.

The Difference Between an Inspection and an Appraisal

Written by Miami Beach Condo Financing Syndicated User on June 28, 2024. Posted in Buying Tips, Condo Financing Miami Beach, For Buyers, Miami Beach Condo Financing.

When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer.Home InspectionOnce you’re under contract on a home you’d like to buy, getting an inspection is a key part of the process. An inspection gives you a clear idea of the safety and overall condition of the home – which is important for such a big...

Focus on Time in the Market, Not Timing the Market

Written by Miami Beach Condo Financing Syndicated User on June 27, 2024. Posted in Condo Financing Miami Beach, Economy, For Buyers, Home Prices, Miami Beach Condo Financing.

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market. The Downside of Trying To Time the Market Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while...

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