May 30, 2011 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS
Despite what you see advertised, you cannot get 95% conventional financing in Florida. By phoning an 800 number you may well be told by some out-of-state lender that you can get 95% financing, and they may well supply you with a pre-qual letter, but 95% financing...
Mar 21, 2011 | BUYER'S ADVICE, MIAMI REAL ESTATE, SELLER'S ADVICE
An appraisal is an important step in purchasing your new home. When you apply for a mortgage (to refinance or purchase your home), the bank will order an appraisal. It’s the estimated amount of money the home is worth, based on the analysis of an independent...
Mar 18, 2011 | BUYER'S ADVICE, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS
The Real Estate market is heating up… South Florida is already on a roll … first quarter of 2011. In Miami, it’s still very much a buyer’s market. If you are thinking about buying, and want to explore creative funding there are a...
Jan 10, 2011 | FORECLOSURES/SHORT SALES
Sellers aren’t able to obtain a short sale based solely on the fact that they’ve lost equity in their home. Lenders will look at the complete picture, the total hardship, and then make a decision. From a lender’s eye, things such as divorce, job...
Dec 22, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
There are more buyers right now than there were in 2005. And there’s good reason for that. Prices have dropped 40-50%. BUYERS ADVICE: If you able to buy real estate now, you are in a rather enviable position. There’s the potential for future...