south florida homes: Bailouts and Home Buying - 09/09/08 08:23 AM

The uncertain real estate market situation continues on a very shaky path. As the government passed laws that did little to ease foreclosures, they continued to keep close tabs on Freddie Mac and Fannie Mae, two of the country’s major mortgage lenders. Chances are you’re probably aware that the government has now stepped in and chosen to bailout these two mortgage giants before things get any worse.
Miami real estate happens to be among the markets where things are a bit more difficult to say the least and this news of a bailout probably does very little for struggling owners … (0 comments)

south florida homes: Foreclosure Alternatives - 07/31/08 02:38 AM
Foreclosures are still a major problem for the real estate market. On the plus side, the situation is being addressed in various ways; the most prominent of these being the major housing law that seeks to stop foreclosures and keep major mortgage lenders like Fannie Mae and Freddie Mac afloat.
Most homeowners who are struggling with unmanageable mortgage payments often find themselves with no choice but to foreclose on their South Florida homes instead of exploring what other options might be available. The following options may not prevent a negative effect on a homeowner’s credit score or the loss of the … (0 comments)

south florida homes: Another Home Sales Increase - 07/03/08 08:08 AM
Let’s start off by getting a few things out of the way first: the economic climate is dicey to say the least and the real estate market remains in an unstable state where home buying remains a risky, albeit much more affordable prospect. It’s this prospect that has apparently been ingrained in the minds of home buyers which bring some favorable news.
The month of May saw another gain in existing home sales, a modest two percent increase from April. Yes, it does remain comparably low to a year ago but that’s a given considering the overall state of things yet … (3 comments)

south florida homes: Remove the Stress of Home Buying - 06/06/08 07:15 AM
 There’s arguably never been a better time to buy Miami Beach property than now. Prices for South Florida homes are unusually low, mortgage loan rates are reasonable and sellers are more than willing to negotiate. That still doesn’t make home buying any easier, especially for the first time buyer who is about to embark on their first big home purchase but is feeling anxious. Use these tips to make the process less stressful.
Know what you want and what you can afford. Browsing through a large inventory of South Beach luxury homes can be overwhelming if you don’t have a specific … (0 comments)

south florida homes: Home Remodeling - 04/04/08 02:30 AM
When it comes to home remodeling, just about everyone wants to be their own Michelangelo.  Creating an end result that represents your unique style and creative flair is one of those perks that make owning South Florida homes such a wonderful privilege.  While choosing to remodel without the help of a contractor can save you thousands, there are factors that should be adhered to in order to prevent the experience from becoming a nightmare.  Even if you live in a Miami Beach condo where remodeling may be limited, keep these in mind.Get permission.  Extensive home repairs require permits and as much … (2 comments)

south florida homes: Preventing Miami Property Foreclosures - 03/04/08 12:43 AM

Foreclosures are something of an unfortunate, practically everyday occurrence these days.  For whatever reason, whether it was simple homeowner ignorance or unfavorable mortgage terms, South Florida homes are now becoming frequent foreclosure properties.  Thankfully, real estate agents, corporations and organizations around the country have been using their deep pockets and their expertise to stop foreclosures and give homeowners a break.
The Ford Foundation is considering using its more than $11 billion in assets to develop and fund programs where homeowners who’ve entered into unmanageable mortgages can hopefully have the terms tweaked to something they can actually manage.  This strategy particularly … (0 comments)