Category: Live South Florida Realty, Inc

A home flip is a home that has been purchased and then resold within the same year. Typically, homes that are run down or in need of capital improvements and updates are likely candidates. These homes are then rehabilitated and resold on the market for a profit. Recently, ATTOM Data Solutions published their 2020 Home… Continue reading Home flipping and profits were lower in 2020

It is no secret that the past year saw a lot of Americans migrating to other states. These migration patterns have only been reinforced by more employers opting to have their employees work remotely. For many Americans, there is no longer a need to factor in a commute time from home to the office. In… Continue reading 2020 migration trends: Which states are Americans moving to?

It has been well chronicled that the real estate market has been particularly strong for the past year. The only exception to this was the April/May 2020 time frame when the country was experiencing severe lockdowns due to the novel coronavirus. With this said, the subsequent months more than made up for it with buyer… Continue reading Buy a home now or wait?

Are you considering listing your home for sale? If so, the low inventory and high demand make it an excellent time to do so. With this said, it is always very important to have your property represented in the best light in order to obtain top dollar. We discuss a few important items to consider… Continue reading Important repairs before selling a house

Congratulations! The day has arrived that you are buying a home. You have saved your money, pre-qualified for a mortgage, and even planned for items such as closing costs, taxes, and insurance. This is certainly an exciting time, however there is still some more financial due diligence ahead. This article will highlight a few of… Continue reading Common home ownership expenses that are overlooked

Happy St. Patrick’s Day from Live South Florida Realty, Inc.! Below are a few fast facts about St. Patrick’s Day: St. Patrick’s Day is celebrated around the world in observance of the death of Saint Patrick, the patron saint of Ireland, who was credited for bringing Christianity to the country. Saint Patrick wasn’t Irish –… Continue reading Happy St. Patrick’s Day!

On the surface, most home buyers would assume that buying an existing home is cheaper than a new construction home. With this said, there are many factors at play that contribute to the cost differences. Interestingly, the median sales price of an existing home was $309,800 in December 2020, according to the National Association of… Continue reading Buy an existing home or new construction? Which is cheaper?

Ask this question to most real estate professionals and savvy real estate investors and the answer is a resounding “yes”! While “Zestimates®” have become quite popular and convenient, they have also led to a lot of confusion and false expectations. For example, it is not uncommon for a seller to see his/her property’s Zestimate® value… Continue reading Zillow & “Zestimate®”: More harm than good?

Did you know? According to a recent analysis from Moody’s Analytics and the Urban Institute, approximately 18% of renters are behind on their rent. Including utilities and late fees, the average delinquent renter in the U.S. owes about $5,600. On average, this equates to about 4 months of rent payments. In total, an astounding $57.3… Continue reading Nationwide: Nearly 20% of renters are behind on rent

With approximately 1,000 people moving to The Sunshine State each day, it is no surprise that the rental market is thriving in South Florida. In particular, the single-family home rental market is as strong as it has ever been. Oftentimes, private investors would like to either build or expand a rental property portfolio but are… Continue reading Creative ways to cover the down payment on a rental property