Category Archives: Home Buying

$135,000 2 beds, 2 baths Condo in Miami, FL

15665 SW 74th Circle Dr, Miami, FL 33193, $135,000 2 beds, 2 baths

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New Apps Take Home Buying to the Next Level

From virtually walking through an open house to learning about the social scene in a new neighborhood, a new generation of apps and are taking the real estate shopping experience to the next level. Matterport, of Mountain View, Calif., recently … Continue reading

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San Antonio Mayor Julian Castro Confirmed as HUD Chief

The U.S. Senate on Wednesday confirmed Julian Castro to lead the Department of Housing and Urban Development, placing the San Antonio, Texas mayor at the top of the agency in charge of housing during a sluggish recovery in the sector. … Continue reading

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Dubai’s Damac offering free BMW with each purchase

DUBAI – Dubai developer Damac Properties has announced it will give away a luxury BMW luxury car with each unit purchased during Ramadan as part of its special promotion during the holy month. Customers signing on the dotted line for … Continue reading

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Blanket Mortgages

A blanket mortgage is a mortgage which covers two or more properties. The real estate is held as collateral on the mortgage, but each property may be sold individually without affecting the entire mortgage. This is an alternative to a … Continue reading

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Foreign Buyers Boosting U.S. Housing Market Recovery

The U.S. housing recovery continues and international buyers are a big reason, with the Chinese leading the charge. Chinese buying is up more than 70% to $22 billion — nearly 1 in 4 dollars of all foreign purchases, according to … Continue reading

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Cash is King Especially in Florida

In 27 of the top 30 metros, more than one-third of all sales of the lowest-priced homes were made with cash. In the first quarter of this year, Miami had the largest share of cash buyers in the country at … Continue reading

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Wrap-Around Loans

A Wrap-Around Loan also known as a “Wrap” is a loan that is most commonly used with property with an outstanding loan. The seller lends the buyer the difference between the existing loan and the purchase price. The buyer’s loan … Continue reading

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Mortgage Applications Decline for 3rd Straight Week

Applications for U.S. home mortgages dipped slightly last week as purchases declined. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 0.2 percent in the week ended … Continue reading

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Owner Financing

Owner financing also known as “creative financing” or “seller financing” is financing the purchase directly through the owner or entity selling it. Owner financing often occurs when the prospective buyer cannot obtain funding through a conventional mortgage lender, or is … Continue reading

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