Miami Real Estate Foreclosures: They Are Still Coming On The Market

Even though several large banks froze their foreclosure process in September, there are still plenty of foreclosures coming on the market in Miami. There are currently 827 single family homes that are listed as REO on the MLS.  423 of them were listed since October 1. There are 1116 condos listed as REO.  640 of […]

Buying, Foreclosures
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Florida Real Estate: No Cities Ranked Least Affordable in Latest CNN Ranking

CNN came out with their most recent ranking of most (and least) affordable cities to buy a home.  The good news is that no city in Florida made the least affordable list.  The bad news is that no city in Florida made the most affordable either.

Selling
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Miami Real Estate – Will the Miami Heat Lead to an Increase in Sales?

Okay, so the Miami Heat have won two in a row after their disappointing loss in Boston.  With so much fanfare around the  team, condos in the immediate area have decided to latch on to the Heat as a way to increase sales in buildings that are currently mostly occupied by renters.  Other than the […]

Buying, Foreclosures
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Pinecrest, FL Real Estate – Short Sales Currently Available

There are currently 16 short sales, single family homes,  listed on the MLS in Pinecrest.  They range in price from $2.5 million down to $349,000.

Buying, Pinecrest, Selling
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When is the Best Time to Sell Your Home?

I read a blog today that seems to defy the thought that Fall is not a great time to list your home for sale. Conventional wisdom says that once a new school year starts, the sale of single family homes slows significantly. Students are settled into school, parents into their work schedules, and holidays are […]

Buying, Selling
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When Looking At Comparables, Make Sure You Are Comparing Apples to Apples

I received a list of comparables from an agent that was making an offer on one of my commercial listings. The comps resulted in a significantly lower price than what the sellers were looking for and my knowledge of the market told me something was wrong with his research. I went through the table he […]

Buying, Commercial Real Estate, Selling
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Foreclosure Freeze Already Having an Effect on South Florida

The Miami Realtors Association is already seeing the effects of the current decision by several banks to put a moratorium on foreclosures.  In the past two weeks, 1,154 REOs have been cancelled, withdrawn, terminated or temporary taken off the market according to Southeast Florida Shared MLS Database.  In the two-week period immediately preceeding the announcement, […]

Buying, Foreclosures, Selling
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New Low Mortgage Rates Results in Flurry of Refinancing Activity

According to the Mortgage Bankers Association, new record low mortgage rates caused refinancing activity to increase by 21% last week.  Applications for new mortgages were down 8.5%, mainly due to the more stringent requirements for FHA mortgages that took effect on October 4.

Mortgage information
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Too Much Technology?

Yesterday was my tech meltdown day.  I am a people person, but I have been buying all of the latest gadgets to simplify my life.  I use my iPhone 4G for giving “live” walk-throughs of properties for my customers; an iPad to show comparable properties to buyers and sellers and make presentations on the fly; […]

Selling
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New Provisions of FAR/BAR “As Is” Residential Contract For Sale and Purchase

The new “AS IS” contract has changed to clarify areas that were vague in the previous contract.  These clarifications include, but are not limited to: An itemized list detailing the personal property that Buyer and Seller agree is to be included in the sale.  Note:  if there is a specific light fixture you want, to […]

Buying, Selling
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