Savings Strategies Every First-Time Homebuyer Needs To Know

Written by Miami Condo Financing Syndicated User on June 12, 2024. Posted in Buying Tips, First-Time Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages.

If homeownership is on your goal sheet for your future, you’re probably working on your savings. And a big priority is making sure you’ve got a plan in place for things like your closing costs, down payment, and more. Here are a few strategies that can help speed up that process. Budget and Track Your Expenses: To start, create a detailed budget that tracks the money you’ve got coming in and the money going out. This’ll give you a better look at your finances as a whole. Cut Down on Unnecessary Spending: Now that you have your budget sheet done and you know how you’re spending your money,...

Selling Smart: Why a Real Estate Agent Makes All the Difference

Written by Miami Condo Financing Syndicated User on June 11, 2024. Posted in For Sale by Owner, For Sellers, Miami Condo Financing, Miami Condo Mortgages, Selling Tips.

If you’re considering selling your house on your own as a “For Sale by Owner” (FSBO), you want to think about if it’s really worth the extra stress. Going this route means shouldering a lot of responsibilities by yourself – and, if you’re not an expert, that opens the door for mistakes to happen and can quickly become overwhelming.A report from the National Association of Realtors (NAR) shows two key areas where people who sold their own house struggled the most: pricing and paperwork.Here are just a few of the ways an agent makes those tasks a whole lot easier.Getting the Price...

The Residences At 1428 Brickell Hosts Demolition Celebration As Their Construction Site Begins Preparation

Written by Miami Condo Financing Syndicated User on June 10, 2024. Posted in 1428 Brickell, Brickell New Construction, Luxury Condos, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, YTech.

Heavy equipment was moved in and the aging 1980’s-era office tower that once stood at 1428 Brickell is now destroyed, making way for a glittering new energy-efficient luxury condo development called The Residences at 1428 Brickell. But before the heavy moving began, we did what people in Miami do… we celebrated! Miami is famous for always finding a reason to celebrate, but a demolition party is arguably one of the most fun and productive events you can take part in here in the 305. It is filled with excitement of the future, glamour and prestige, our “out-with-the-old, in-with-the-new”...

Shell Bay By Auberge Resorts – The Most Exclusive Golf Club In The Miami Area, With Memberships Over $1 Million

Written by Miami Condo Financing Syndicated User on June 10, 2024. Posted in Luxury Condos, Miami Condo Financing, Miami Condo Mortgages, Miami Country Clubs, Miami Golf Clubs, Neighborhoods, New Construction, Shell Bay.

It has been over 25 years since the last private golf course in the Miami area has been opened, and Shell Bay is indeed worth the wait… and the initiation fee. The new Shell Bay Club in Hallandale Beach (just north of Miami) has opened, along with its new Greg Norman-designed 7,254 yard 18-hole course with plenty of water in play. The golf club itself was a redesign of the Diplomat Golf Resort and Spa, that now has a layout rated as one of the most difficult in Florida with a 148 slope rating and a 76.1 course rating, for the enthusiasts. It also features a 12-acre high tech practice...

The Wealth-Building Power of Homeownership [INFOGRAPHIC]

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

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 Condo Financing Syndicated User on June 7, 2024. Posted in Equity, For Sellers, Miami Condo Financing, Miami Condo Mortgages, 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 Condo Financing Syndicated User on June 6, 2024. Posted in For Buyers, Inventory, Miami Condo Financing, Miami Condo Mortgages, 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 Condo Financing Syndicated User on June 5, 2024. Posted in For Buyers, For Sellers, Miami Condo Financing, Miami Condo Mortgages.

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 Condo Financing Syndicated User on June 4, 2024. Posted in Affordability, For Buyers, Miami Condo Financing, Miami Condo Mortgages.

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 Condo Financing Syndicated User on June 3, 2024. Posted in Around Town, Miami Condo Financing, Miami Condo Mortgages, Miami Rooftop Restaurants, Midtown Miami Condos, 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...

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