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Tag: #miamibeachmortgagerates

The Truth About Down Payments

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case.Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize.As The Mortgage Reports says:“Although putting down 20% to avoid mortgage insurance is wise if affordable, it’s a myth that this is always necessary. In fact, most...

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Four Seasons Residences in Coconut Grove | Floor Plans, Pricing & Details

As we reported last week, the Four Seasons Residences in Coconut Grove is launching sales…finally. Much speculation has been swirling about height of the building, number of units, size/layouts of each unit and, most importantly, price point. Well, I have laid out most of those details, below. ***Please contact me directly for pricing & floor plans*** Four Seasons Coconut Grove Residences Building Features Total of 72 private residences – 68 residences & 4 penthouses 22 stories tall 4 residences per floor 3+ bedroom floor plans, ALL with water views 2,895 – 3,974 square footage range...

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Ritz Carlton Residences South Beach Plans Sprawling $125 Million Penthouse

Details are still forthcoming. Please contact Michael Light for a private presentation at 786-566-1700. About a month after being quietly announced, details of the anticipated Ritz-Carlton Residences South Beach (formerly the Sagamore Hotel) are beginning to trickle out with whispers of the sprawling ultra-luxury oceanfront penthouse that is expected to command $125 million. The crown jewel penthouse is a combination of the two duplex penthouse in the 15-story development, answering the demand from rich buyers who seek to build a “triangle” of luxe residences in multiple cities that that owners...

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How Changing Mortgage Rates Impact You [INFOGRAPHIC]

Some HighlightsIf you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.That’s because even a small change in mortgage rates can have a big impact on your purchasing power. The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.

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Expert Home Price Forecasts for 2024 Revised Up

Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.So, let’s see exactly how experts’ thinking has shifted – and what’s caused the change.2024 Home Price Forecasts: Then and NowThe chart below shows what seven expert organizations think will happen to home prices in 2024. It compares their first 2024 home price forecasts (made at the end of 2023) with their newest projections: The middle column shows that, at first, these experts thought home prices would only go...

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Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you. The experts agree the overarching downward trend should continue this year.While we won’t...

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Four Seasons Residences in Coconut Grove to Launch Sales Next Week

The rumors that you all have been asking about are true…the Four Seasons Private Residences in Coconut Grove is finally going to launch sales next week! The tower will stand 22 stories and include approximately 70 residences with NO HOTEL COMPONENT. The Four Seasons Coconut Grove will be developed by a collaboration of Ugo Columbo, who is also developing Vita at Grove Isle in Coconut Grove, and Fort Partners, the same group that brought us The Surf Club Four Seasons, in Surfside, Florida. If you want to be one of the few VIP’s to have an opportunity to own an iconic piece of the Coconut Grove...

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Strategic Tips for Buying Your First Home

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life. As a first-time homebuyer, it’s a dream you can make come true, but there are some hurdles you’ll need to overcome in today’s housing market – specifically the limited supply of homes for sale and ongoing affordability challenges.So, if you’re ready, willing, and able to buy your first home, here are three tips to help you turn your dream into a reality.Save Money with First-Time Homebuyer Programs                                       Paying the initial costs of homeownership,...

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It’s Time To Prepare Your House for a Spring Listing

If you’re thinking of selling your house this spring, now is the perfect time to start getting it ready. With the market gearing up for its busiest time of year, it’ll be important to make sure your house shines bright among the competition.Here are some valuable tips you can use to get your house market-ready.Declutter and OrganizeFirst impressions matter, and if your house is a mess, that can easily turn off potential buyers. Before listing, take the time to declutter and organize each room. Decluttering is about more than just tidying up – it’s about creating a sense of...

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St. Regis Residences Sunny Isles Sales And Construction Update

The last time we checked in with the St. Regis Residences in Sunny Isles, the developers were breaking ground on the development and releasing the timelines for the twin-tower development. As we enter the Spring of 2024, Cheateaû Group and Fortune International are prepared to open sales of the second tower. Groundbreaking When they broke ground with a lavish ceremony and celebration in August of 2023, the development announced that the first tower had sold 75% of its 170 residences with prices starting at $3 million. Demonstrating the strength of their confidence in the project, construction...

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