Archive for the real estate Category

March Was Great Month for South Florida Home Sales

Miami-Dade County home buyers were more active than ever in March, and brokers say it’s due to a pattern of price adjustments.   About 1,280 single-family homes traded that month, a 9 percent increase from the previous record of 1,168 in March 2016, the Miami Association of Realtors reported.   Despite shaky market conditions in the condominium arena, existing condo sales rose 2.3 percent year over year. They were down 10 percent in February.   “Miami’s spring home buying season is off to a roaring start,” said Christopher Zoller, chairman of the association board. “Not only did single-family home sales post a historic total, but

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Vancouver’s Housing Market Freezes And It Has Little To Do With Winter

Halloween might be over, but that is not the reason buyers have been spooked from entering the once red-hot housing market in and around Vancouver. The decade-long period of record growth of the housing market appears to have come to a screeching halt. Year over year sales numbers are down well over 30%. Although numbers began to slip earlier in spring, many are blaming the new 15% tax that the government is imposing on foreign real estate buyers. This comes at the same time the government closed a loophole that allowed some foreign non-residents to receive a tax break on

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Protect Yourself Against Defense Verdicts

Insuring Litigation Costs Perusing litigation always brings risk. The firm quickly loses money when there is a defense verdict. Those costs, or losses, can easily be in the tens or hundreds of thousands of dollars. Although there is always a risk, it appears there is a way of transferring some of that risk from you to someone else. The solution comes via an insurance company. Level Insurance now offers up to $100,000 in coverage against costs incurred in the event of a defense verdict. These policies cover individual cases, not lawyers or firms in federal cases in all 50 states.

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How will the Governor race affect Florida Real Estate?

It’s that time again, that people are preparing to make their final decisions for the election. In some races, the outcome is predictable through polling. This is not the case in the Florida gubernatorial race. Whether incumbent Rick Scott, Republican, or Charlie Christ representing the Democrat party wins to become governor is up in the air with polling suggesting a neck and neck tie. Whoever wins will most certainly have an effect on the direction Florida’s economy takes for the next four years, especially in the Florida Real Estate market. Rick Scott’s term has seen economic improvements although some claim

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5 Tips to Buy a Foreclosure Property

Here in South Florida, banks are still processing an extensive housing backlog, finishing the wave of foreclosures that began with the housing market collapse. While this news is bad for some, for would-be homeowners, these new foreclosures, coupled with low interest rates, make this an excellent time to discover how to buy a foreclosure property at a great bargain.   The following are our five top tips on how to buy a foreclosure: 1.   Avoid Auctions. There are many effective and safe ways to buy foreclosures, but bidding at court auctions is not one of them. This is because you are

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