Category: Home Buying

Throughout time, it has been quite common for young professionals and/or newlyweds to rent for a few years after starting their first job before buying their first home several years later. Known as a “starter home”, these homes were often single-family homes that were smaller than the average home in the area. Needless to say,… Continue reading Starter homes are evolving

If you have been house hunting and submitting offers during the past few years, there is a good chance that you have encountered a competitive bidding war. Not surprisingly, all-cash offers were more than four times as likely to win a bidding war for homes in 2021. From a seller’s perspective, this is quite understandable… Continue reading How to win bidding wars in real estate

If you are a Florida resident looking to buy a home then chances are you have seen firsthand the level of competition from out-of-town buyers. Historically, southeast Florida has been a main attraction for many Americans looking to relocate from more expensive markets such as New York & New Jersey. However, since the pandemic and… Continue reading Competing with out-of-state home buyers

Many renters across the country are learning of significant rent increases at lease renewal time. In some cases, we have even heard of rental amounts increasing by 50% or more. As for the Miami, FL market, average rents surged more than 30% over the past year. At the national level, average monthly rents climbed more… Continue reading Rent increases are forcing more people to buy

A record low inventory of homes for sale combined with increased buyer demand has resulted in a frenzied market the past few years. Not surprisingly, last year buyers viewed an average of 8 homes prior to purchasing. If this sounds like a low number, well it is. In fact, this is the lowest number on… Continue reading What is the average number of homes viewed by buyers?

The red hot housing market is resulting in homes selling in record time for substantially higher prices. According to a recent study from the National Association of Realtors®, the median listing price of a home as of October 2021 was $380,000. This equates to a 22% increase since the start of the pandemic. Of course,… Continue reading Most common deal breakers for home buying

Overall, it is expected that Americans will have a better chance of finding a home to buy in 2022 than during 2021. With this said, the market will still remain ultra-competitive as first-time home buyer demand continues to increase. Although incomes are predicted to increase in the coming year, so will home prices, rents, and… Continue reading A whirlwind year ahead for home buyers?

The ultra-competitive housing market of the past two years has forced many home buyers to consider strategies to help make their offers stand apart from the rest. One such strategy that has gained some popularity is to waive a home inspection. In doing this, the seller will see the offer as more attractive since it… Continue reading Why you should never skip a home inspection