Sales of residential homes in South Florida are showing positive gains, surpassing last year’s closings for the first time since the pandemic began, according to a Miami Herald article. Per data from the Miami Association of Realtors in August, overall home sales in Miami-Dade and Broward County increased more than six percent from August of last year […]
Even seasoned real estate investors can make a rare slip-up, so it’s not something to feel bad about. Investing is a perennial learning process. Know, however, that if you repeatedly replicate these mistakes and don’t glean anything from them, it is certainly a mistake. Today, we’ll be taking a closer, albeit brief look at overpaying. […]
South Florida’s housing market is seeing lots of growth as northern home buyers seek to purchase homes with the added benefit of being able to telecommute. Although it is sellers who have the advantage right now — demand is strong but supply is low — buyers have opportunities to reap rewards. A recent report shows Florida has […]
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 […]