One Of The World’s Top Schools Is Based In Miami’s Coconut Grove Neighborhood

Written by Miami Condo Financing Syndicated User on October 21, 2024. Posted in Around Town, Coconut Grove, Market Trends, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, Ransom Everglades, South Florida Schools.

In a world where getting your kid into the right school has become a bloodsport, Miami has upped the ante (as we tend to do). The Spears 500 List of the 100 best schools in the world has been released, and Miami is on the list, with Ransom Everglades right here in Coconut Grove making the cut. Ransom Everglades’ beautiful campus, located at 3575 Main Highway has a long and storied history. It’s beautiful waterfront campus includes buildings dating back to the beginnings of Miami with the Pagoda. Built in 1902, it was the first structure that began the behemoth that is now Ransom Everglades...

Why Buying Now Is Worth It

Written by Miami Condo Financing Syndicated User on October 19, 2024. Posted in Buying Tips, Equity, For Buyers, Forecasts, Infographics, Miami Condo Financing, Miami Condo Mortgages.

Some HighlightsYou may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise.Experts forecast prices will climb over the next 5 years – and based on those forecasts, you could gain about $90k in equity in that time.So, you could wait, but you’ll miss out on a lot of equity if you do. If you’re ready and able to buy, let’s connect so you can start growing your wealth now.

Florida Mortgage | How Do Presidential Elections Impact the Housing Market?

Written by Miami Condo Financing Syndicated User on October 19, 2024. Posted in Miami Condo Financing, Miami Condo Mortgages.

How Do Presidential Elections Impact the Housing Market? | How do presidential elections impact the housing market? Data shows Presidential elections only have a small and temporary impact on the housing market. If you have questions about what this means for your move, let’s connect. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Why Did More People Decide To Sell Their Homes Recently?

Written by Miami Condo Financing Syndicated User on October 18, 2024. Posted in Buying Tips, For Buyers, Miami Condo Financing, Miami Condo Mortgages, Mortgage Rates.

Homeowners typically slow down their moving plans as the summer months wrap up, and as a result, fewer homes are listed for sale in the fall. It’s a predictable, seasonal trend in real estate. But this year, mortgage rates came down at the same time the number of homes on the market usually starts to decline. So, what happened? More homeowners decided to sell, so more homes came to the market.The most recent data from Realtor.com reveals that in September, the number of homes put up for sale increased by 11.6% compared to this time last year.As the green circle in the graph below shows, the...

The Benefits of Using Your Equity To Make a Bigger Down Payment

Written by Miami Condo Financing Syndicated User on October 17, 2024. Posted in Affordability, Equity, For Buyers, Home Prices, Miami Condo Financing, Miami Condo Mortgages, Mortgage Rates.

Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the median down payment has too.According to the latest data from Redfin, the typical down payment for U.S. homebuyers is $67,500—that’s nearly 15% more than last year, and the highest on record (see graph below):Here’s why equity makes this possible. Over the past five years, home prices have increased significantly, which has...

Florida Mortgage | Unlocking the Benefits of Your Home Equity

Written by Miami Condo Financing Syndicated User on October 17, 2024. Posted in Miami Condo Financing, Miami Condo Mortgages.

Unlocking the Benefits of Your Home Equity | Home equity is the difference between how much your home is worth and how much you owe on your mortgage. And for most people it’s gotten a big boost in recent years, thanks to rising home prices. If you want to find out how much equity you have, reach out for a professional equity assessment report. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Why an Agent Is Essential When Buying a Newly Built Home

Written by Miami Condo Financing Syndicated User on October 16, 2024. Posted in Agent Value, Buying Tips, For Buyers, Miami Condo Financing, Miami Condo Mortgages.

For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes. Unfortunately, this is turning some buyers away from what may be one of their best options in today’s housing market. As Builder Online says:“As resale inventory remains limited and the price spread between new and resale homes narrows, new homes are increasingly an attractive value proposition for buyers, with incentives such as rate buydowns a way to help address ongoing affordability challenges.”So, is there any merit to the myth? Let’s break down...

Why a Condo Could Be Your Perfect First Home

Written by Miami Condo Financing Syndicated User on October 15, 2024. Posted in For Buyers, Miami Condo Financing, Miami Condo Mortgages.

If you’re looking to break into homeownership but the price of single-family homes has you second-guessing, you might want to consider a condominium (condo) or townhome. These types of homes often come with a lower barrier to entry – and that can help you start to build equity and enjoy the benefits of owning a home sooner.Since they’re usually smaller than single-family homes, they can be easier on your wallet. While it’s not always the case, smaller square footage usually comes with a smaller price tag too. As a result, according to the latest data from Realtor.com, condos typically...

Florida Mortgage | Reasons To Move in Today’s Shifting Market

Written by Miami Condo Financing Syndicated User on October 15, 2024. Posted in Miami Condo Financing, Miami Condo Mortgages.

Reasons To Move in Today’s Shifting Market | You have 3 key opportunities if you’re looking to move this fall. Inventory is growing, homebuilders are motivated to sell, and mortgage rates have come down from their recent peak. Let’s connect if you want more information. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

EXCLUSIVE: The Ritz Carlton Residences South Beach Is Converting To Contracts

Written by Miami Condo Financing Syndicated User on October 14, 2024. Posted in Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, Renderings, Ritz Carlton Residences South Beach, Sagamore, South Beach Luxury Condos.

I am very excited to announce today that the new historic redevelopment of the Sagamore Hotel and the Ritz Carlton South Beach Hotel, now dubbed the Ritz Carlton Residences South Beach at 1671 Collins is converting its reservations into formal contracts. This is an instrumental part of the development process, indicating that sufficient sales and permits are in place to sustain the development to closings. About The Ritz Carlton Residences South Beach Being known as the original South Beach “Art Hotel,” the Sagamore Hotel at 1671 Collins Avenue was a spearhead to the Art Deco movement in...

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