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Is the Number of Homes for Sale Finally Growing?

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available. However, signs of relief are finally appearing. According to data from realtor.com, active listings have increased over the last four months. They define active listings as: “The active listing count tracks the number of for sale properties...

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5 Tips for Making Your Best Offer

In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. Below are five things to keep in mind when it’s time to make an offer. 1. Know Your Budget Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it: “This...

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The Truth About Today’s Buyer Demand

When it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it can be hard to know what to believe, put your trust in the experts. Those of us in the housing market respect that buying or selling a home is a major life decision, and we offer advice based on what the data shows. Despite what you may have read, the housing market is still undeniably strong. Here’s a look at what leading experts have to say about buyer demand today and how it continues to shape the industry: Michael Lane, President at ShowingTime: “In general,...

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A Key West condo building at risk of being condemned faces a $10 million repair bill (FL)

Key West’s chief building official on Monday said he will not condemn a troubled 111-unit condominium building, but he ordered the condo association to stick to a timeline for repairs.   Read the entire article………………………………. Community Associations    

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Why It’s Still Safe To Sell Your Home

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic. Over the last year, agents have adopted new technologies and safety measures designed to keep you safe. And experts say these practices are here to stay. As Bob Goldberg, CEO of the National Association of Realtors (NAR), puts it: “The pandemic has confirmed to all of us in the industry that technology will continue to transform real estate.” Below is a closer look at some of the new tools real...

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Condo questions: How do I request my records from association’s board? (FL)

Q: I want to submit an official records request to my condo association. Along with the records, I also want the board to answer a few questions I have about certain expenses from this past year which is also the subject of the records request.  Can you explain how I can do this and what is the association required to do?     Read the Q&A……………………………. Community Associations    

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2021 Legislative review, part 6 (FL)

This week continues our review of 2021 legislative changes to Florida’s community association statutes. Today will continue the discussion of Senate Bill 630 and its amendments to the Florida Homeowners’ Association Act. These changes took effect July 1, 2021.    Read the entire article………………………………. Community Associations    

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Fact or Fiction: Homebuyer Edition [INFOGRAPHIC]

Some Highlights When it comes to the current housing market, there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and data to truly understand the real estate market and separate fact from fiction. Trust the pros. If you want to understand why it’s still a good time to buy, let’s connect today. Content previously posted on Keeping Current Matters Keeping Current Matters

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What questions Tampa Bay condo associations are asking after Surfside collapse (FL)

It’s been a little over two months since the sudden collapse of Champlain Towers South in Surfside on June 24, which killed 98 people.  The tragedy has prompted many condo associations, lawyers and consumer advocates to reassess Florida’s laws surrounding inspections and maintenance funding, after it was revealed that Champlain Towers South had just over $777,000 in reserves to pay for what was estimated by inspectors as a $16.2 million repair bill.    Read the entire article………………………………. Community Associations   &...

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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