Category: Home Buying

Buying and moving into a new home is both exciting and a huge undertaking. Some data suggests that on average, Americans move at least once every five years. Furthermore, Americans move an average of 11.7 times in their lifetime. Although it can be a stressful time for some, it does not necessarily have to be.… Continue reading Tips For Moving To A New Home

Mortgage rates in the United States have hit a 22-year high, making it more expensive to buy a home. The average 30-year fixed-rate mortgage rate is now 7.23%, according to Freddie Mac. This is up from 7.09% last week and the highest level since June 2001. The rise in mortgage rates is being driven by… Continue reading Mortgage Rates Hit 22-Year High

The home buying process can be an intimidating and daunting process for many buyers. Unfortunately, this leads to plenty of opportunities for buyer misconceptions throughout the process. A recent report from Clever indicated that 83% of buyers were surprised by aspects of the home buying process. Furthermore, 62% of buyers reported having to change their… Continue reading Common Buyer Misconceptions

Throughout most of the country buyers are experiencing frustration with the lack of inventory of homes for sale. As a result, new construction homes become a logical alternative for many. While there is no better feeling than moving into a new construction home, there are various pros and cons to keep in mind. We discuss… Continue reading Pros And Cons Of New Construction Homes

Attend a cocktail party or any social gathering for that matter and it typically doesn’t take long for real estate to be discussed in some capacity. In fact, one of the most common questions that we receive at Live South Florida Realty, Inc. is: “Is now a good time to buy a home?” Of course,… Continue reading Is It A Good Time To Buy A Home?

According to a recent report from the National Association of Realtors® (NAR), international buyers have faced the same challenges as domestic buyers over the past year. In their latest report dating from April 2022 through March 2023, foreign buyers purchased $53.3 billion worth of U.S. existing homes. This figure comes in at 9.6% lower than… Continue reading Florida: Top State For International Buyers

An adjustable-rate mortgage (ARM) is a type of home loan with an interest rate that changes over time. The initial interest rate is typically lower than that of a fixed-rate mortgage, but it can go up or down after the introductory period ends. This means that your monthly mortgage payments could also go up or… Continue reading What Is An Adjustable-Rate Mortgage (ARM)?

It is no secret that significant inventory challenges continue to persist in the real estate market. With this said, buying a home that requires some significant rehabilitation becomes an even more likely scenario for many home buyers in the current market. Buying a fixer-upper can be a great way to get a more affordable home… Continue reading The Pros And Cons Of Buying A Fixer-Upper