The U.S. Senate approves an amendment to the economic stimulus package that would provide a tax credit of up to $15,000 OR 10% of the home price for homebuyers who purchase a primary residence in the coming year. Before signing on the dotted line, make sure that this “GIFT” is not a “LOAN”, repayable within 15 years If you are about to get into the housing market, this is all good news. But before you begin visiting open houses, recognize that...Continue Reading!
Real Estate News Category
7864 SW 179 Terrace, Palmetto Bay, Florida showing by appointment only! Completely updated 4 bedroom, 2 bath with a 2 car garage located on a quiet cul de sac. This property is in impeccable condition renting for the first time! Kitchen, family room and master bedroom suite open to a gorgeous heated pool and patio. New kitchen with granite countertops, cooking island and stainless steel appliances, contemporary bathrooms leading to the pool, and an indoor room moved outdoors is the ultimate place for hanging out and...Continue Reading!
Looking for a great South Miami Rental? 5450 SW 76 St #4D is for rent ($ 1,150), for Sale $ 180,000.oo. Walk to downtown South Miami, Sunset Place, Close to UM, impeccable. MLS D1323723 pictures at www.ewm.com Diana Ordonez-SanchezContinue Reading!
I have been tracking this sale since it went pending late last year and was very curious as to what the sale price would be. The property, a 1,303 square foot 2 bedroom 2 bathroom unit on the ninth floor of Courts Brickell Key was listed as a short sale and went under contract nine days after the price was reduced to $300,000 from $349,000. To my surprise, the sale closed just two months later and at asking price. Another interesting sale...Continue Reading!
So interest rates are at all time lows and people should be beating down the door to buy your house, right? Wrong. Maybe for the first time in history, buying a home is not about the interest rates. Right now the question buyers must ask is whether or not they have enough money for the down payment. I just had a meeting with James Venney and he informed me that yesterday the down payment requirement rose from 25% to 30% for Jumbo Loans (any loan...Continue Reading!
Get your Pre-Qualification Now or Have Your Check Book Ready! Knowing how much you want to pay every month for housing or how much you can afford is a must. Please forget the old times of "no docs", "stated income", "I don't need to see any paperwork"... You will know what you can expect, it will save you a lot of time and when you fall in love with your new home the offer will be taken seriously. Before you present an...Continue Reading!
The following stats are based on information gathered from the Multiple Listing Service (MLS) for Singe Family Homes. The high number of Pending Short Sales might be due to the fact that they take longer than regular sales. It's interesting to note that even thou 38% of the inventory in Weston are Short Sale Listings they represent only 15% of the closed units. Lenders are being more cooperative in the Short Sale process. I thought it could be interesting to look at the...Continue Reading!
This property has closed for $505,000. Original asking price was $650,000. Easy-living High Pines doesn’t get any better than this. Enjoy life in the heart of one of the most desirable neighborhoods in South Florida. Quiet tree-lined streets, families strolling with their kids and dogs, this is Florida the way it used to be. This home features a large, enclosed back yard with porch perfect for family life. Walk to Sunset Elementary, one of the finest schools in the area. And...Continue Reading!
After three and a half months, a wall of Miami-Dade County building department permits, dozens of various workers wandering in and out, eating off paper plates with plastic forks out of cardboard boxes, the kitchen is finished. My life has sort of come to a halt in the last few weeks trying to get this job done. That, and a bad bout of illness, has kept me away from the blog for a while. Assuming we pass our plumbing, gas,...Continue Reading!
I just listed this house at 4070 Matheson Avenue in South Coconut Grove at $695,000. In this price range it is hard to find a home in better condition. The windows are all impact glass, the pool has just been refinished, the roof and AC systems are new, the kitchen has been completely renovated with high end appliances and the floors have been replaced. This home is located on a very private street which dead ends at Merrie Christmas Park. Details of the House: 1,654...Continue Reading!