Miami real estate news and information

Archive for the 'BUYER’S ADVICE' Category

Where Are Rents Headed?

People are delaying the decision to buy a home because they are not sure where prices are headed. If they buy and prices continue to soften, they feel that they will not have purchased at the optimal moment. They reason…

via Where Are Rents Headed?.

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Belief That “Now Is the Time to Buy” by Age Group

InfoGraphic Shares this chart on the various age groups and how each group feels about buying a home…

via Belief That “Now Is the Time to Buy” by Age Group.

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Real Estate 2012: Many Positive Outlooks

There is a growing belief among many experts that 2012 will be the year housing turns the corner and starts heading in a more positive direction. Whenever we write a post like this, we unleash the hordes of critics who

via Real Estate 2012: Many Positive Outlooks.

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When the Prophet Says Buy – BUY!

John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003…

via When the Prophet Says Buy – BUY!.

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Buying A New Home … Men vs Women

From a recent Trulia survey…

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What Does Warren Buffet Think About Buying A Home?

Warren Buffet is seen by many as the greatest investor of our time. When he speaks, people listen. Like anyone else in his position of influence, he is criticized by some for using his bullhorn to promote his own business…

via What Does Warren Buffet Think About Buying A Home?.

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Good News for Miami Real Estate

Florida has eight of the ten spots on the “Turnaround Town” list put out by the National Association of Realtors. The report took local markets that claimed the most appreciation in median price and the largest drop in inventory from the fourth quarter of 2010, to the same quarter of 2011. Miami claimed the number one spot on the poll! Fort Lauderdale came in as number 8, while cities like Fort Meyers, Sarasota, Naples, Lakeland and Punta Gorda were also on the top 10 list. It’s a good sign for us in Miami, because it seems that the first places to hit bottom tend to be the first to start recovering!

Now is the right time to take advantage of all time low interest rates and buy a home! The Restivo Team can help, so give us a call  today.

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Pinecrest Open House … Price Reduced!

The Restivo Team will be holding an Open House at 9800 SW 71 Ave in Pinecrest, this Sunday February 5, from 2-4 PM. The NEW PRICE is $675,000 for this 4 bedroom, 2 bath home which features a pool and a bonus room. Stop by for a tour of the home, this Sunday. Contact the Restivo Team if you have any questions.

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Lease-Purchase Wave for Miami Real Estate

A lease-purchase can sometimes  be a good alternative for buyers  …  especially given the current real estate market in Miami.  

If you are relocating, a lease-purchase offers you the ability to lock in a purchase price (and yet still lease!)  …until you can sell the home you currently own.

Alexandra and I have two separate lease-purchase contracts …  in Miami (Pinecrest, Florida)… that we put together this month.  Two transactions really don’t constitute a wave …  or a trend for that matter … but it’s an option we thought worth sharing with you in our real estate blog  MiamiRealEstateCafe.com.   The terms can be worked out (as they are in any transaction!): to the benefit of both parties. Read the rest of this entry »

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Getting an FHA Loan in Miami-Dade and Broward

We were showing property this week to a buyer looking for a home  priced under $500K …   Let me tell you  – There are SO many well-priced (nice) homes in Miami available  for under $500K  right now.  

Because of the pricepoint for these buyers we are working with, an FHA loan is an option. 

And we wanted to post a blog  for your benefit  … and for others of you who might looking to buy …   who might be in a similar situation:

The current loan limit on FHA loans in Florida for both  Miami-Dade and Broward counties is $423,750.00  for single family homes. 

In a prior post on MiamiRealEstateCafe.com we mentioned that FHA loans  are not limited to first-time home buyers.  

That’s true.  FHA isn’t  limited to first-time home buyers…. and that makes it a viable option for many who are looking to buy a home.

FHA loans are available to qualified individuals looking to finance a home purchase …  up to $423,750.00  …  with a loan amount of  up to 96.7% of the purchase price  …  and a downpayment of  3.5% in Miami-Dade and Broward countires. 

Call us when you’re ready to move …   Whether you’re buying or selling or relocating, we look forward to helping to make your next move a good one.   Vicki & Alexandra  Restivo …  The Restivo Team …  EWM Realtors.  Direct number:  305 793-1365  E-mail:  [email protected]

 

 

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