Category: Buying A Home

It’s Still Much Better to be a Homeowner!

Posted on September 25, 2013 by Great Florida Homes

Even as home prices in South Florida report this month, a recent real estate report shows it makes better sense to buy a home that to rent. The report shows buying is 52 percent more affordable than renting in Palm Beach County. As for Broward County, buying is more affordable than renting by 47 percent. …

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Buying a Flipped Home? Be Careful!

Posted on September 23, 2013 by Great Florida Homes

Are you buying a flipped home from an investor? Then you should know you need to protect yourself! Investors who buy homes after a foreclosure and fix them up is a popular real estate investment strategy in South Florida.  If done properly, this can work out very well and can result in a great profit …

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Mortgage Rates Decline!

Posted on September 20, 2013 by Great Florida Homes

Potential homebuyers who are made cautious by increasing mortgage interest rates in the past few months should act now! Because of the decision made by the Federal Reserve last Wednesday, rates for 30-year fixed mortgages dropped by about a quarter of a percentage point, becoming one of the biggest one-day drops in recent years. Looking …

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Real Estate and Due Diligence

Posted on September 12, 2013 by Great Florida Homes

Lots of real estate websites put importance on doing due diligence prior to placing an offer. What is “FHA” anyway? Despite sounding like a term you’d commonly hear on a legal drama, “Due Diligence” is simply the act of investigating prior to signing a contract. Common sense dictates that “Due Diligence” is an important part …

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Inventory is Easing Up for Home Buyers

Posted on September 6, 2013 by Great Florida Homes

In the past year, the tight supply of homes have defined the South Florida housing market, driving listing prices higher and turning it into a seller’s market. However, this tight inventory is starting to ease up according to local real estate agents and analysts. Ever since prices hit rock bottom in early 2012, investors and …

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Buying a Second Home in South Florida

Posted on July 25, 2013 by Great Florida Homes

Do you enjoy your holidays in Florida? Are you tired of having to look for beachfront properties to rent or having to book a room at a substandard hotel because all the good ones are fully booked? Do you find yourself spending more and more time in South Florida? Are you even thinking of living …

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Tips for the First-Time Homebuyer

Posted on July 12, 2013 by Great Florida Homes

Last May 2013, first-time home buyers accounted for 28 percent of existing home purchases. According to the National Association of Realtors (NAR), although this number might seem high, it’s actually significantly lower than last year’s 34 percent. This decrease in numbers is alarming some housing analysts and economists. Sadly, lots of first-time home buyers missed …

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Simple Reasons to Own a Home

Posted on July 11, 2013 by Great Florida Homes

With home ownership at an 18-year low, a lot of people seem to be placing home ownership at the bottom of their priority list. Everyone seems to be forgetting that a home is one of the best and biggest investments they can make! Truth be told, even the worst housing slump won’t negate the long-term …

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Divorcing Your Spouse Doesn’t Automatically Affect Your Joint Mortgage

Posted on July 10, 2013 by Great Florida Homes

Anjie’s divorce was finalized in 2010. She deeded the house to her ex-husband. Being unmarried now, she thought she could get a fresh start. Little did she know her past was still haunting her. In 2013 she applied for a loan for a new house. She never thought that the old joint mortgage on the …

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What Buyers Should Know

Posted on April 10, 2013 by Great Florida Homes

When someone wants to buy a home, a lot of things come into play: What does the house look like? Will it be of the right size and right number of rooms for me and my family? Is it located in a good neighborhood? But eventually, it all boils down to one thing: NO ONE …

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