Last month, signed contracts in Broward County proved to be greater than its neighbors according to a Miami Herald article as buyers are seeking properties with big city advantages. Recently signed contracts saw double digits increases year-over-year at Broward, a rise of more than 135 percent for single-family homes and an increase of just over 161 percent […]
Sales of single-family homes and condominiums are seeing considerable rebounds following the shutdowns that complicated spring transactions. Florida’s median home prices also continued its upward streak for a 103rd straight month during July, based on Florida Realtors’ monthly report. The closing sales of 31,000+ Florida single-family homes in July was an improvement over just over […]
Foreclosed homes being sold as real-estate owned (REO) by a lender may be purchased at a reasonable price, although there could be some pitfalls. It’s the same scenario for real estate investors that are thinking about purchasing a foreclosure at the courthouse. Taking into account these possible problems, you might end up paying an excellent […]
Despite the pandemic, the housing market in Florida maintained its optimistic momentum last month, with stronger sales, greater pending sales, elevated median prices, and additional fresh listings versus 2019. Sales of new single-family homes saw an increase of just over eleven percent compared to July of last year, the best monthly result for this category […]
South Florida real estate continues to get enormous interest from foreign nationals. These individuals typically keep a home in the United States on a part-time basis but retain their citizenship in a different country. For a multitude of reasons such as a bank being unsuccessful in income verification or insufficient credit, securing a conventional loan […]
According to a recent Miami Herald article, South Florida’s housing market is seeing some positive momentum after some shakiness. Per a recent report, Broward and Miami-Dade saw increases of just over 80% to 100.8% growth year over year when it came to sales of both condominiums and single family residences. Recently signed single-family homes contracts […]
There are typically two simple yet distinct options to pick from when an investment property is involved: rent or sell. Should you choose to sell, it is usually considered a solution for the short term, whereas renting is a tactic for long-term investors. Both options have advantages and disadvantages and one could be a wiser […]
Part of achieving success as a real estate investor is having a clear-cut list of criteria as you explore the market. While there is certainly a lot more involved in the process, a few essential, well-defined criteria provide a solid foundation to potentially maximize profit and deal with changes. It starts by identifying the type […]
While Miami-Dade and Broward County both saw drops in year-over-year residential transactions last month, there is still some good news report regarding Florida’s real estate market. The state’s pending sales saw a year-over-year uptick, an indicator that activity has seen increases since the month of April. Pending sales for Miami-Dade and Broward saw boosts year-over-year. […]
If money is required quickly for a much shorter period than a traditional loan, a hard money loan is a viable alternative. Borrowers also prefer a hard money loan, as we have mentioned in the past, when they wish to buy a property for “patch and sell” purposes. Some of the factors surrounding the loan […]