Will My House Still Sell in Today’s Market?

Written by Miami Beach Mortgage Syndicated User on September 20, 2022. Posted in For Sellers, Housing Market Updates, Miami Beach Mortgage, Mortgage Miami Beach, Selling Myths.

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below): The orange...

Where To Pay Condolences To The Queen In Miami

Written by Miami Beach Mortgage Syndicated User on September 17, 2022. Posted in Around Town, Miami Beach Mortgage, Miscellaneous, Mortgage Miami Beach, Queen Elizabeth Miami.

Even if you are not British, many people from around the world are looking to pay their respects and offer condolences. Where can you go in Miami if you would like to do so without booking a quick flight to the other side of the pond? Here is a list of places to celebrate The Queen’s life and Her Majesty’s 70-year…

Miami’s Debut Formula 1 Event Drew $350 Million Into The Local Economy

Written by Miami Beach Mortgage Syndicated User on September 17, 2022. Posted in Around Town, Miami Beach Mortgage, Miami Economy, Miami Grand Prix, Miscellaneous, Mortgage Miami Beach.

“Our team worked selflessly to create a campus and experience that was unique to the international culture of Miami,” Richard Cregan, CEO of the Crypto.com Miami Grand Prix, said. “We look forward to growing the event and the positive impact it will continue to…

A Crucial First Step: Mortgage Pre-Approval [INFOGRAPHIC]

Written by Miami Beach Mortgage Syndicated User on September 17, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Miami Beach Mortgage, Mortgage Miami Beach, Move-Up Buyers.

Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and helps sellers know your offer is serious. Connect with a trusted professional to learn more and start your homebuying process today. Content previously posted on Keeping Current Matters

Florida Mortgage | How Your Home Sale or Purchase Impacts the Economy

Written by Miami Beach Mortgage Syndicated User on September 17, 2022. Posted in Miami Beach Mortgage, Mortgage Miami Beach.

Florida Mortgage | How Your Home Sale or Purchase Impacts the Economy. When you buy or sell a home, you’re making a difference in your community. Let’s connect if you’re ready to make a move and make an impact. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Buyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market

Written by Miami Beach Mortgage Syndicated User on September 16, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Miami Beach Mortgage, Mortgage Miami Beach, Move-Up Buyers.

If you’re thinking about buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close. Today, you should have less competition and more negotiating power as a buyer. That’s because the intensity of buyer demand and bidding wars is easing this year. So, if bidding wars were the biggest factor that had you sitting on the sidelines, here are two trends that may be...

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

Written by Miami Beach Mortgage Syndicated User on September 15, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Miami Beach Mortgage, Mortgage Miami Beach.

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home prices in the coming year. The Reality of the Shift in Today’s Housing Market The reality is we’re seeing...

Getting Your House Ready To Sell? Work with an Agent for Expert Advice

Written by Miami Beach Mortgage Syndicated User on September 14, 2022. Posted in For Sellers, Miami Beach Mortgage, Mortgage Miami Beach, Selling Myths.

In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house. Here are some considerations a professional will guide you through. What You Need To Know About Your Local Market Since the supply of homes for sale has increased so much this year, today’s buyers have more options than they had last year. That may mean...

Three Things Buyers Can Do in Today’s Housing Market

Written by Miami Beach Mortgage Syndicated User on September 14, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Miami Beach Mortgage, Mortgage Miami Beach, Move-Up Buyers.

It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.” If you’re thinking of buying a home or have been trying to recently, that’s a big increase in a monthly mortgage payment – and it may be causing you to press pause on your plans. This jump is making homes less affordable, especially compared to the last two years when mortgage rates...

Record-Breaking Sale: Ken Griffin Pays $107 Million For Adrienne Arscht’s Coconut Grove Waterfront Compound

Written by Miami Beach Mortgage Syndicated User on September 10, 2022. Posted in Adrienne Arscht Coconut Grove, Buying & Selling Real Estate, Citadel Miami, Design & Architecture, Ken Griffin Miami, Luxury Homes, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, Waterfront Coconut Grove Homes.

Coconut Grove now holds the title as the area of Miami-Dade County that boasts the highest-priced residence after Ken Griffin laid roots there this week. This is not the first time he has held such a record, with his 2020 assemblage purchase on Star Island…

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