The Wealth-Building Power of Homeownership [INFOGRAPHIC]

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

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 Mortgage Syndicated User on June 7, 2024. Posted in Equity, For Sellers, Miami Beach Mortgage, Mortgage Miami Beach, 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 Mortgage Syndicated User on June 6, 2024. Posted in For Buyers, Inventory, Miami Beach Mortgage, Mortgage Miami Beach, 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 Mortgage Syndicated User on June 5, 2024. Posted in For Buyers, For Sellers, Miami Beach Mortgage, Mortgage Miami Beach.

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...

More Than a House: The Emotional Benefits of Homeownership

Written by Miami Beach Mortgage Syndicated User on June 4, 2024. Posted in Affordability, For Buyers, Miami Beach Mortgage, Mortgage Miami Beach.

With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home. That’s only natural as you think about the dollars and cents of it all.And while you ultimately need to be able to afford a home you buy, don’t lose sight of why homeownership was so important to you in the first place. That’s because buying a home is so much more than just a financial transaction. As the National Association of Realtors (NAR) says:“The benefits of purchasing and owning your place of residence are both financial and emotional – pride in...

The Standard Residences in Midtown Draws Two Major Restaurant Concepts Ahead Of Opening

Written by Miami Beach Mortgage Syndicated User on June 3, 2024. Posted in Around Town, Miami Beach Mortgage, Miami Rooftop Restaurants, Midtown Miami Condos, Mortgage Miami Beach, Neighborhoods, New Construction, The Standard Midtown Miami.

Miami’s first Standard-branded residential development is keeping with their brand standard of unexpected fun in chic environments with two surprise culinary concepts inking deals in the Midtown Miami project. The two Miami-based concepts are both household names in their own right and both are currently in expansion mode. The Standard Rooftop and Juvia Group Until recently, rooftop dining was synonymous with Juvia Group. Their iconic rooftop eatery at 1111 Lincoln Road, perched atop the Herzog & de Meuron-designed garage in Miami Beach offered some of the best views in the city from an...

Gale Miami Hotel & Residences In Downtown Prepares To Open This Week

Written by Miami Beach Mortgage Syndicated User on June 2, 2024. Posted in Condo Hotel Investments, Downtown Miami Luxury Condos, Luxury Condos, Miami Beach Mortgage, Miami Real Estate Investments, Mortgage Miami Beach, Neighborhoods, New Construction, The Gale Hotel.

The grand opening of Gale Miami Hotel & Residences in Downtown Miami is upon us at last, with the new tower accepting reservations beginning this weekend. While this is an obvious win for tourists and visitors, it is also beneficial for passive real estate investors who prefer to retain the ability to utilize their property when they are in town. Gale Miami Hotel & Residences broke ground in February of 2021 under the name Natiivo at 601 NE 1st Avenue in Downtown Miami. The 51-story tower quickly sold its 240 investment opportunities, which are broken down into 80 hotel rooms and...

Top Reasons To Own a Home [INFOGRAPHIC]

Written by Miami Beach Mortgage Syndicated User on June 1, 2024. Posted in Buying Tips, For Buyers, Infographics, Miami Beach Mortgage, Mortgage Miami Beach.

Some HighlightsBuying a home has powerful financial and non-financial benefits. It creates more stability, helps grow your net worth, and gives you an undeniable sense of pride.While today’s market can be challenging for buyers, use these reasons to remind you of why homeownership is so worthwhile. When you’re ready to enjoy all the amazing advantages that come with owning a home, get in touch with a local real estate agent.

The Biggest Mistakes Buyers Are Making Today

Written by Miami Beach Mortgage Syndicated User on May 31, 2024. Posted in Buying Tips, For Buyers, Miami Beach Mortgage, Mortgage Miami Beach.

Buyers face challenges in any market – and today’s is no different. With higher mortgage rates and rising prices, plus the limited supply of homes for sale, there’s a lot to consider.But, there’s one way to avoid getting tripped up – and that’s leaning on a real estate agent for the best possible advice. An expert’s insights will help you avoid some of the most common mistakes homebuyers are making right now.Putting Off Pre-approval As part of the homebuying process, a lender will look at your finances to figure out what they’re willing to loan you for your mortgage. This gives you a...

Edgewater Chic: Introducing Elle Residences Miami

Written by Miami Beach Mortgage Syndicated User on May 30, 2024. Posted in Edgewater Miami Luxury Condos, Elle Residences Miami, Luxury Condos, Miami Beach Mortgage, Miami Branded Residences, Mortgage Miami Beach, Neighborhoods, New Construction.

Miami is getting more chic by the day, and now Elle Magazine is bringing their stylish touch to Miami condo towers. Introducing Elle Residences Miami, which is set to be built at 3618 NE 5th Avenue in Miami’s Edgewater neighborhood. The new luxury condo tower is conveniently positioned at the intersection of Edgewater, Midtown Miami and the Miami Design District. The project is a collaboration between Vertical Developments, Urban Network Capital Group and the French publisher Lagardère News (the parent company of Elle Magazine). Designed by Behar & Partners, whose portfolio also...

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