Tag: #miamibeachmortgage

Why the Sandwich Generation Is Buying Multi-Generational Homes

Written by Miami Beach Mortgage Syndicated User on August 2, 2024. Posted in Buying Tips, For Buyers, Miami Beach Mortgage, Mortgage Miami Beach.

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.How Can It Help You Buy a Home?Realtor.com asked members of the Sandwich Generation if they agree or disagree that taking care of children and parents at the same time...

Should You Rent Out or Sell Your House?

Written by Miami Beach Mortgage Syndicated User on August 1, 2024. Posted in For Sellers, Miami Beach Mortgage, Mortgage Miami Beach, Rent vs. Buy, Selling Tips.

Figuring out what to do with your house when you’re ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?It’s a question many homeowners face, and the answer isn’t always straightforward. Whether you’re curious about the potential income from renting or worried about the responsibilities of being a landlord, there’s a lot to consider.Let’s walk through some key questions to ask to help you make the best decision for your situation.Is Your House a Good Fit for Renting?Even...

The Biggest Mistakes Sellers Are Making Right Now

Written by Miami Beach Mortgage Syndicated User on July 31, 2024. Posted in For Sellers, Miami Beach Mortgage, Mortgage Miami Beach, Selling Tips.

The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing.And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And that can lead to a number of costly mistakes.Here’s a look at some of the most common ones – and how an agent will help you avoid them when you sell. 1. Overpricing Your HouseMany sellers set their asking price too high and that’s why there’s an...

Villa Miami In Edgewater Selects General Contractor And Prepares For Groundbreaking

Written by Miami Beach Mortgage Syndicated User on July 30, 2024. Posted in Luxury Condos, Major Food Group, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction, Terra Group, Villa Miami, Waterfront Edgewater Condos.

Villa Miami in Edgewater has had a relatively quiet year after the January unveiling of their glamorously chic sales gallery in Edgewater, and now we know why. The sales are streaming along and the development team has been hard at work on the logistics of the project. This week, the development team that is a collaboration between David Martin’s Terra Group, Major Food Group and One Thousand Group released their choice of general contractor. Moss Construction will be physically constructing the tower, which is a huge win for all parties. Moss comes with an expansive portfolio, having...

Inside Michele Bönan’s Inspiration For The Interiors At Four Seasons Private Residences Coconut Grove

Written by Miami Beach Mortgage Syndicated User on July 30, 2024. Posted in CMC Group, Coconut Grove New Construction, Four Seasons Coconut Grove, Luxury Condos, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction.

Almost a year to the date since we were able to break the news that Ugo Colombo was planning to build Four Seasons Private Residences in Coconut Grove, we are deep into anticipation for the project and every detail. Previously, we have gone into detail about the different layouts and floor plans, which views and sizes are available to choose from, and now we are able to obsess over the inspired interior design that Italian designer Michele Bönan has prepared for the boutique project. Rendering of Four Seasons Private Residences in Coconut Grove Living Area The homes at Four Seasons Private...

As Mercedes Benz Places in Brickell Pours Its Foundation, 1 Southside Park Unveils New Plans

Written by Miami Beach Mortgage Syndicated User on July 30, 2024. Posted in Brickell Luxury Condos, Brickell Preconstruction, Mercedes-Benz Places, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction.

At the end of June, Mercedes Benz Places in Brickell celebrated its foundation pour and officially began construction. While this was going on, developer JDS Development Group was hard at work fine tuning the specifics of this mega-project that will one way incorporate the luxury tower with high-end workforce housing, a fully renovated Southside Park and the community’s local fire station. The foundation pour of the luxury development took place on the last weekend of June, providing over 10,000 cubic yards for the 67-story tower that has everyone chattering. Within only 4 days of unveiling...

Are Home Prices Going To Come Down?

Written by Miami Beach Mortgage Syndicated User on July 30, 2024. Posted in For Buyers, Home Prices, Miami Beach Mortgage, Mortgage Miami Beach.

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don’t have the same established definitions in the housing market.”In the context of today’s housing market, it doesn’t mean home prices are going to fall...

Unlocking the Benefits of Your Home’s Equity

Written by Miami Beach Mortgage Syndicated User on July 30, 2024. Posted in Equity, For Buyers, For Sellers, Infographics, Miami Beach Mortgage, Mortgage Miami Beach.

Some HighlightsEquity is the difference between what your house is worth and what you still owe on your mortgage.The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).

How the Economy Impacts Mortgage Rates

Written by Miami Beach Mortgage Syndicated User on July 30, 2024. Posted in Economy, For Buyers, For Sellers, Miami Beach Mortgage, Mortgage Miami Beach, Mortgage Rates.

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead.One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control the Federal Funds Rate.The relationship between the two is why people have been watching closely to see when the Fed might lower the Federal Funds Rate. Whenever they do, that’ll put downward pressure on mortgage...

The Downsides of Selling Your House Without an Agent

Written by Miami Beach Mortgage Syndicated User on June 22, 2024. Posted in For Sale by Owner, For Sellers, Infographics, Miami Beach Mortgage, Mortgage Miami Beach, Selling Tips.

Some HighlightsConsidering selling your house without an agent? You should know there are some serious downsides to handling it on your own.You’ll be missing out on marketing tools that draw in more buyers, pricing and market expertise, essential negotiation skills, in-depth knowledge of the fine print in contracts, and so much more.Don’t take all of this responsibility on. Instead, connect with an agent so you have someone with the knowledge and experience you’ll need on your side.