Homebuilders Aren’t Overbuilding, They’re Catching Up

Written by Miami Beach Condo Financing Syndicated User on June 14, 2024. Posted in Condo Financing Miami Beach, For Buyers, Inventory, Miami Beach Condo Financing.

You may have heard that there are more brand-new homes available right now than the norm. Today, about one in three homes on the market are newly built. And if you’re wondering what that means for the housing market and for your own move, here’s what you need to know.Why This Isn’t Like 2008People remember what happened to the housing market back in 2008. And one of the factors that contributed to that crash was that there were too many homes for sale. While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear new...

Home Prices Aren’t Declining, But Headlines Might Make You Think They Are

Written by Miami Beach Condo Financing Syndicated User on June 13, 2024. Posted in Condo Financing Miami Beach, For Buyers, For Sellers, Home Prices, Miami Beach Condo Financing.

If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices.The bottom line is home prices are higher than they were a year ago at this time, and they’re expected to keep rising, just at a slower pace.But a recent article from Redfin notes,“Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand.” And that might make you think prices are declining.Now, while it’s true the latest report from Realtor.com also shows 16.6% of homes on the market had price...

Savings Strategies Every First-Time Homebuyer Needs To Know

Written by Miami Beach Condo Financing Syndicated User on June 12, 2024. Posted in Buying Tips, Condo Financing Miami Beach, First-Time Buyers, For Buyers, Miami Beach Condo Financing.

If homeownership is on your goal sheet for your future, you’re probably working on your savings. And a big priority is making sure you’ve got a plan in place for things like your closing costs, down payment, and more. Here are a few strategies that can help speed up that process. Budget and Track Your Expenses: To start, create a detailed budget that tracks the money you’ve got coming in and the money going out. This’ll give you a better look at your finances as a whole. Cut Down on Unnecessary Spending: Now that you have your budget sheet done and you know how you’re spending your money,...

Selling Smart: Why a Real Estate Agent Makes All the Difference

Written by Miami Beach Condo Financing Syndicated User on June 11, 2024. Posted in Condo Financing Miami Beach, For Sale by Owner, For Sellers, Miami Beach Condo Financing, Selling Tips.

If you’re considering selling your house on your own as a “For Sale by Owner” (FSBO), you want to think about if it’s really worth the extra stress. Going this route means shouldering a lot of responsibilities by yourself – and, if you’re not an expert, that opens the door for mistakes to happen and can quickly become overwhelming.A report from the National Association of Realtors (NAR) shows two key areas where people who sold their own house struggled the most: pricing and paperwork.Here are just a few of the ways an agent makes those tasks a whole lot easier.Getting the Price...

The Residences At 1428 Brickell Hosts Demolition Celebration As Their Construction Site Begins Preparation

Written by Miami Beach Condo Financing Syndicated User on June 10, 2024. Posted in 1428 Brickell, Brickell New Construction, Condo Financing Miami Beach, Luxury Condos, Miami Beach Condo Financing, Neighborhoods, New Construction, YTech.

Heavy equipment was moved in and the aging 1980’s-era office tower that once stood at 1428 Brickell is now destroyed, making way for a glittering new energy-efficient luxury condo development called The Residences at 1428 Brickell. But before the heavy moving began, we did what people in Miami do… we celebrated! Miami is famous for always finding a reason to celebrate, but a demolition party is arguably one of the most fun and productive events you can take part in here in the 305. It is filled with excitement of the future, glamour and prestige, our “out-with-the-old, in-with-the-new”...

Shell Bay By Auberge Resorts – The Most Exclusive Golf Club In The Miami Area, With Memberships Over $1 Million

Written by Miami Beach Condo Financing Syndicated User on June 10, 2024. Posted in Condo Financing Miami Beach, Luxury Condos, Miami Beach Condo Financing, Miami Country Clubs, Miami Golf Clubs, Neighborhoods, New Construction, Shell Bay.

It has been over 25 years since the last private golf course in the Miami area has been opened, and Shell Bay is indeed worth the wait… and the initiation fee. The new Shell Bay Club in Hallandale Beach (just north of Miami) has opened, along with its new Greg Norman-designed 7,254 yard 18-hole course with plenty of water in play. The golf club itself was a redesign of the Diplomat Golf Resort and Spa, that now has a layout rated as one of the most difficult in Florida with a 148 slope rating and a 76.1 course rating, for the enthusiasts. It also features a 12-acre high tech practice...

The Wealth-Building Power of Homeownership [INFOGRAPHIC]

Written by Miami Beach Condo Financing Syndicated User on June 8, 2024. Posted in Condo Financing Miami Beach, Equity, First-Time Buyers, For Buyers, Infographics, Miami Beach Condo Financing.

Some HighlightsIf you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time.According to the FHFA, home values have increased by 315.7% since 1991.Home equity is one reason owning your own place can really pay off in the long run. When you’re ready, talk with a local real estate professional.

Your Equity Could Make a Move Possible

Written by Miami Beach Condo Financing Syndicated User on June 7, 2024. Posted in Condo Financing Miami Beach, Equity, For Sellers, Miami Beach Condo Financing, Selling Tips.

Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move. Maybe you’re in the same boat.But what if there was a way to offset these higher borrowing costs? There is. And the money you need probably already exists in your current home in the form of equity. What Is Equity?Think of equity as a simple math equation. Freddie Mac explains:“. . . your home’s equity is the difference between how much your home is...

The Sweet Spot for Buying Luxury Homes

Written by Miami Beach Condo Financing Syndicated User on June 6, 2024. Posted in Condo Financing Miami Beach, For Buyers, Inventory, Miami Beach Condo Financing, Move-Up.

If you’ve been looking for a home at the high end of your market, but haven’t found the right one, you may have put your search on hold. But according to recent data, now may be the time to jump back in. Here’s why. There Are More Luxury Homes To Choose FromWhat’s considered the top-end of the market, or a luxury home, will always vary by location. But generally speaking, they’re homes that are valued in the top 5% of any given market. According to a recent report from the Institute for Luxury Home Marketing, the selection of luxury homes is increasing (see graph below):As the graph...

What To Expect if You Buy or Sell a Home This June

Written by Miami Beach Condo Financing Syndicated User on June 5, 2024. Posted in Condo Financing Miami Beach, For Buyers, For Sellers, Miami Beach Condo Financing.

June is a busy month in the housing market because a lot of people buy and sell this time of year. So, if you’ve got a move on your mind and you’re looking to make it happen this month, here’s a snapshot of what you need to know to make sure you’re ready.If You’re Buying This JuneA lot of homebuyers with children like to move after one school year ends and before the next one begins. That’s one reason why late spring into summer is a popular time for homes to change hands. And whether that’s a motivator for you or not, it’s important to realize more buyers are going to be looking right now...

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