Mortgages revolve around a 20% down payment, and buyers who put less down use mortgage insurance to do so – yet many don’t understand what that means. KEY BISCAYNE, Fla. – Mortgage Insurance is one of the most misunderstood topics in real estate. When buyers use financing and their down payment is less than 20% … Read more
Fla. regulators published notices to begin creating rules required under SB 264, the new Fla. law affecting sales to some foreign principals. ORLANDO, Fla. – Two Florida agencies – the Department of Commerce (formerly DEO, the Department of Economic Opportunity) and the Department of Business and Professional Regulation (DBPR) announced plans to propose regulations related … Read more
For many buyers, radon is a contract detail or something noted during an inspection. But a large number of buyers don’t know what radon is or what it does. SARASOTA, Fla. – Dear Doctors: Would you please address radon gas? I’ve spent 40 years in real estate sales here in Florida, and while radon is … Read more
HUD Secretary says Miami-Dade County shows a “commitment to neighborhood revitalization.” The grant is HUD’s maximum amount for smaller developments. MIAMI – The U.S. Department of Housing and Urban Development (HUD) awarded a $40 million Choice Neighborhoods Implementation (CNI) Grant to Miami-Dade County to redevelop Cutler Manor in the Goulds suburb of Miami (population 10,994). … Read more
Most buyers want move-in ready, but they’ll have a wider selection with fixer-uppers, and an FHA 203(k) loan can roll upgrade/repair costs into their first mortgage. NEW YORK – When you buy a home, there are usually a few repairs to pay for. Buyers who want to take on a real fixer-upper might be facing … Read more
Some parents name their child an “authorized user” on their credit card, but it would only build credit scores if the child co-signed or had a secured card in their name. VICTORIA, Texas – While many of us had to learn financial literacy from scratch in adulthood – one recent survey found that 31% of families … Read more
Checkr – an employee background-check firm – analyzed data to pinpoint the growth metros that would be attractive to employer relocations and job-seeking movers. ORLANDO, Fla. – Boomtowns, in short, are U.S. cities and metro areas attracting the most people – new business as well as movers looking for better jobs – that other areas … Read more
In a single-family-home HOA, one homeowner damaged common space. Does that owner pay for repairs or does the HOA – meaning all homeowners – pay? FORT LAUDERDALE, Fla. – Question: We live in a single-family home where our homeowners’ association takes care of some items customarily left for individual owners. The monthly dues cover water, … Read more
Scheduled to launch in Oct., the partnership will focus on appraisal discrimination through counselor training, roundtable discussions and appraisal-related training. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the National Association of Real Estate Brokers (NAREB) announced a partnership aimed at tackling appraisal bias and discrimination in the housing market. This … Read more
Listing copy, ads and website articles may soon be written by artificial intelligence (AI), but it’s already baked into current tools, like CRMs and photo recognition. CAPE COD, Mass. – Cape Cod, Massachusetts-based real estate agents use artificial intelligence (AI) for tasks like creating ad copy for properties, freeing them up to focus on more … Read more
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