Dec 9, 2010 | BUYER'S ADVICE
When you buy a home, you are actually buying the seller’s title to the house. A deed is the written legal evidence that the seller has conveyed their ownership rights over to you. Title simply means you have complete ownership of the property and can make...
Dec 8, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
Mortgage bankers and lenders will be sad to hear that 53% of all transactions now are RENTALS. With interest rates at an all time low, homebuyers can lock in interest rates (to the tune of 4.25%) but many are opting to LEASE. And that is great news for investors...
Dec 7, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
JUMBO LOAN MARKET DEFAULT: 1/4 of all jumbo loans in Miami are now in foreclosure! HOME MORTGAGES UNDERWATER: 46% of all home mortgages in Miami are underwater. If you are looking to purchase or invest in real estate, the ball is in your court because it’s...
Dec 6, 2010 | MIAMI REAL ESTATE
The South Florida Water Management District has announced that they expect yet another dry season. Therefore, water restrictions will still be in effect. Homes with even addresses may water on Thursdays and Sundays while odd numbered addresses may water on Wednesdays...
Dec 5, 2010 | FORECLOSURES/SHORT SALES, MIAMI MARKET CONDITIONS
Zillow reports that 47.4% of all homes sold in September were distressed sales. The breakdown from Zillow shows that 27.3% were short sales and another 20.1% were foreclosures. Unfortunately, because appraisers use all available recent sales (distressed and...
