Vacation rentals have become quite popular in recent years, particularly in markets such as South Florida. In fact, the widespread adoption of remote working environments by many employers has contributed to the popularity of vacation or short-term rentals. Vacation rental sites such as airbnb.com and vrbo.com have gained in popularity as a result as well.… Continue reading Tips For Investing In Vacation Rentals
Category: Home Buying
A Record Number of Sight Unseen Home Purchases
The housing market of the past few years has reached competitive levels that we have not seen in many years. A persistently limited inventory of homes for sale combined with rapidly rising prices resulted in buyers acting swiftly in order to compete for homes. Throughout South Florida, we have also seen a record number of… Continue reading A Record Number of Sight Unseen Home Purchases
Price per SF in Valuing a Home Can be Misleading
Is price per square foot a good estimator of home value? In my experience working with my clients, price per square foot is one of the most misused statistic. Price per SF in valuing a home can be misleading if used improperly in estimating the value of a home. Often people calculate the price per… Continue reading Price per SF in Valuing a Home Can be Misleading
How To Compete With A Cash Buyer For A Home
South Florida continues to see increased home buyer demand, particularly from out-of-state buyers moving to The Sunshine State from more expensive markets. In addition, the housing inventory continues to be extremely tight. For perspective, the benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a… Continue reading How To Compete With A Cash Buyer For A Home
The Importance Of Days On The Market
With homes selling faster than ever and the inventory at record lows, the number of days on the market is a surrogate marker that more buyers are paying attention to. In fact, with homes selling so quickly, it is not uncommon for a home having 14 days or more on the market to be a… Continue reading The Importance Of Days On The Market
What Are The Most Valuable Home Features?
Do you know what home features are most valued by homeowners and home buyers? A recent Rocket Homes℠ study sought out to determine this by asking more than 1,000 homeowners and home buyers what they found to be the most valuable home features. Not surprisingly, when asked to estimate the price of a typical home,… Continue reading What Are The Most Valuable Home Features?
Higher Mortgage Rates Impacting Home Sales
As the Federal Reserve continues to aggressively combat out-of-control inflation, home mortgage rates will continue rising. Needless to say, this will force many would-be home buyers to remain on the sidelines. As you can imagine, the ripple effect from this will decrease buyer demand resulting in homes remaining on the market for a longer period… Continue reading Higher Mortgage Rates Impacting Home Sales
Competitive Housing Market Leads to More Buyer Compromises
Finding your dream home is often easier said than done. In any housing market, it is common for buyers to have to make concessions on some items in a home being purchased. Of course, rising prices, record-high demand, and inventory shortages have forced many buyers to compromise on key features in the home. According to… Continue reading Competitive Housing Market Leads to More Buyer Compromises
The Need For Speed in Home Buying
The current housing market is not conducive for tire kickers or procrastinators. Particularly with the record low inventory of homes for sale throughout South Florida, home buyers need to act swiftly if they want any chance of securing a home purchase. According to Bank of America’s recent 2022 Homebuyer Insights Report, 65% of buyers stated… Continue reading The Need For Speed in Home Buying
How to Afford a Second Home or Vacation Property
As a homeowner, you may be considering ways to continue building wealth in real estate. A second home or vacation property can be a great way to do this. Not only would this provide you the opportunity to have somewhere to enjoy some time away from home, but it could also even supplement your income.… Continue reading How to Afford a Second Home or Vacation Property