8 of the 10 towns were in Florida and 2 of which are our very own Fort Lauderdale and Miami. Click here to see all 10.
All posts in General News
Sunrise Florida Offers Homebuyer Incentives
If you are looking to buy a home in Sunrise, FL you will want to take a look at their incentive:
“Sunrise currently has a program that offers up to $2,000 to those purchase homes that are in short sale or foreclosure, and remodel those homes. “Upgrade on appliances, roof repair, landscaping, new AC, new hot water heater,” Mayor Ryan said. “The things people do to try to improve a house, now those costs will be paid for by the city as long as they move here.”
http://www.wsvn.com/news/articles/local/21006445228631/sunrise-offers-incentives-to-home-buyers/
Freddie Mac $1500 Sales Incentive On Condos
I saw this posted on HousingWire.com, “Freddie Offering $1500 For Condo Association Fees.” I didn’t see it on Freddie HomeSteps.com site yet and that might just be because it doesn’t start until November 15th or I am not looking in the right place.
Freddie Mac is offering eligible buyers up to $1,500 for condominium association dues.
The government-sponsored enterprise said the incentive is for condos available through its HomeSteps unit, on the market for at least 120 days and sold to owner-occupants.
Buyers can apply for Freddie’s Condo Cash offer between Monday and Nov. 15, and must close before Dec. 30.
The GSE offers a two-year limited home warranty covering electrical, plumbing, air conditioning, heating and other major systems. Freddie Mac also extends discounts of up to 30% on appliances for a new buyer.
South Florida Residential Inventory
This was compiled by Condo Vultures Realty using the South Florida’s MLS. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing.
South Florida Residential Inventory
This was compiled by Condo Vultures Realty using the South Florida’s MLS. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing.
Are Home Prices Starting To Stablize?
That’s what a report from CoreLogic is showing. Make sure to read the article at The Real Deal but below is a chart from the article.
“Home prices nationwide began to stabilize in the second half of 2011, a positive indicator for consumer spending, according to a report by CoreLogic released today.”
Is Now The Time To Buy In South Florida?
I don’t think I could have said it as well as Bobbi Mechler of RE/MAX ParkCreek did on her Blog:
We are aware of all the investors scooping up properties in 2003, ’04 and even into ’05 with the intention of flipping them, in order to realize a huge profit. The dilemma they were faced with was one of timing. How long should they hold onto the properties in order to maximize their profits? Some people were fortunate enough to get out in time, take their money and run to the bank. Many, however, missed the window of opportunity by trying too hard to time their sales just right, and consequently were later forced to either short sell their properties or face foreclosure……. Click Here For the Full Article
South Florida Residential Inventory
From Condo Vultures Realty using the South Florida Shared MLS.Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. — Katherine Clarke
Getting Advice From Your Neighbors
The article today in the Sun-Sentinel titled The Dangers of Seeking Foreclosure Advice From The Neighbors should include anything financial related. Every person is different when it comes to their finances so no one should generalize.
All too often someone seeking a mortgage will reference that their friend or someone else got such and such and they can’t figure out why what they are being offered is different. It’s because there is no transaction that is the same when it comes to getting a mortgage. There are 26 items that can affect just an interest rate and that’s only one part of the transaction.
Also, just because you read something online doesn’t make it true either. There is so much misinformation out there. Mark Twain said “if you don’t read the newspaper you are uninformed and if you do read the newspaper you are misinformed.” Consult a mortgage professional you can trust.
Located in South Florida, Justin Miller has established himself as a leader in the mortgage community for his expert advice and understanding of the current real estate climate. 
Jonathon Becker (Coastal Credit Clinic): Justin- GREAT blog post! This is a HUGE questions many of my clients h...
Sean: Justin- Great article...would be great to understand the differences i...
Phil Himes: You are so correct! Many of my clients are currently looking at purch...
Stock quote: Good blog post, nice efforts. It couldn’t appear to have been penned a...
Upside Down Guy: This sounds like a great program for someone like me but my lending in...