It wasn’t all that long ago that Hallandale Beach was just a little scruffy beach town. However today it could very well be the epicenter of a real estate investment boom. It is rapidly on its way to emerging as South Florida’s next prime real estate nexus. In keeping up with its new status, the city is undertaking vast renovation projects. There are new developments in construction as the Hallandale Beach real estate trends are welcoming the arrival of upscale restaurants and shops. Now it has an estimated population of nearly 40,000 and is becoming one of the fastest-growing Broward County municipalities. Courtesy of movers Hallandale beach. It has long been very famous for Canadian snowbirds wintering near its Atlantic Ocean beaches that it has sometimes been called “the southernmost Canadian city.” Continue reading “Hallandale Beach real estate trends”
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With the current situation in the World, we can all assume that some things will change for sure. For instance, some prices of real estate will change depending on the circumstances. In this article, we will discuss more how is global pandemic affecting Florida RE market and how you can deal with it.
Global pandemic affecting Florida RE market is different than the crash in 2008
You may be happy to know that unlike the crash in 2008, this pandemic is not influencing the RE that much. The statistics were done in 2008 and three years before providing us with the information that Americans cashed over $820 billion in equity. And, for the last three years, the number goes around $232 billion. Almost 40% of American homes do not have any mortgage, while the remaining have some homes with 50% equity. What is good to know is that a vast number of Americans have equity, thus there will be no need for them to sell their homes. Global pandemic affecting Florida RE market currently doesn’t have that much influence as the economic crash in 2008. Although there are some Americans that can face some difficult times in this current pandemic, there are some measures implemented that will help them overcome it.
Although the real estate market hasn’t got that big of a hit, people are still planning their relocation. And with the current pandemic in the world, you should always remain careful about how you are planning to move to your new home! Luckily, there are some moving companies NYC to Florida that keep the highest standards when moving! That way you can know everyone and everything is well protected.
Previously, according to Wells Fargo, we witnessed a significant double-digit drop over the years before the coronavirus restrictions started. Mortgage applications dropped for over 30%, which is a significant drop from the high in March. And these are just nationwide statistics. When it comes to local restrictions, there will be a slowdown. Although the pre-existing conditions and contracts are still valid and are moving forward. For now, it is just too early to draw any conclusions on this topic. The residential market is, for now straightforward. As for the market, the main question is will it stall for some time until people pull themselves up from these situations. Although the predictions are optimistic, one thing is for sure. And that is that mortgage rates are remaining low. As you may see there is no significant change with global pandemic affecting Florida RE market!
With the overall situation across the globe, a lot of moving companies are aware that it won’t be easy to organize a relocation right now. Although they are not forbidden, a certain dose of precaution still exists. And if you are worried about the safety of your trip, then you will be happy to know that moving services Miami are more than ready to help you with your relocation!
Stay at home and take care of yourself and your home
With everything that is going on currently around us, this is one of the biggest battles we have to wager today. Coronavirus is very dangerous for the elderly and people with pre-existing health conditions. Which is why it is very important to stay at home and only go out to buy groceries, pay bills and visit the pharmacy! Now, we know that this can be a really stressful situation, especially for those who do not like to stay indoors, but it has to be done. But, if you already planed and scheduled your relocation, then you should do some of the following steps:
- Clean and disinfect your home with proper cleaning kits and chemicals – which is a good way to make sure that your home is virus-free and that you won’t bring the virus into your home!
- Wash your clothes and take off your shoes before entering your home
- Always wash your hands for at least 20 seconds with proper soaps.
This is not something you aren’t already doing in your home. But you will have to pay more attention to your health and your home before you move out! You will be happy to know that there are simple house cleaning tricks you can also follow! They will help you maintain your home in top condition before you move to your new place.
The job market situation
Before everything even began, the RE market was very solid and it wasn’t shaken by the current situation. A number of real estates for sale were low, but constant. With the low mortgage rate, people started to buy homes in the early spring season. The time it took to sell homes in March was remarkable. But, the sudden situation with the coronavirus has led to jobless claims and people are now scared of the similar recession with the following foreclosure. Most of the experts do believe that will not be the case when it comes to global pandemic affecting Florida RE market. Now that the budget is tight, it is time to think about saving money. Especially if you are preparing your home for sale or just simple redecoration. There are affordable home improvement guides you can follow to make your home look better.
The question of how is global pandemic affecting Florida RE market is not easy to answer because there are many predictions on how things can end up. The main thing you can do is to remain calm and only worry about your health and the well being of your loved ones. We hope you found the answers you were looking for in our article. If you know something new or have your own opinion on this topic, you can leave us a comment in the comment section!
The Sunshine State is one of the most populous states in the country, and it’s not hard to see why. Surrounded by almost 1,200 miles of mesmerizing coastline, first-time homebuyers in Florida will never be far from the beach. Here you will find the best military movers, as well as thousands of great communities with people from all walks of life — and they’re ready and waiting to welcome you to the neighborhood!
1. Do your research, don’t just place all your bets on an open house
Even if you may not be able to access the home after the open house, you can still form a sense of what it will be like to live there. Drive through the neighborhood to find out how congested the surrounding area may get at different times of the day. Talk to your prospective neighbors and ask them about their experiences with moving and storage Florida services. And what it is like to live in the community. First-time homebuyers in Florida should also research valuable information such as school district ratings and crime rates to give you a full idea of the area.
2. Work out your budget and consider your down payment
Remember that you need to factor in more than just your ideal mortgage payment. A usual monthly payment for new homebuyers in Florida includes – property taxes, homeowner’s insurance and potential homeowner’s association fees. You should factor in your down payment and total closing costs, because you will need to pay these costs upfront.
3rd tip for first-time homebuyers in Florida: rely on a trusted real estate agent and do not be afraid to negotiate
A competent real estate agent is an invaluable resource for any first-time homebuyers in Florida. They can give you inside information about your preferred Florida neighborhood. They are a true time saver with their market knowledge and access to resources. As well as negotiation skills and expertise in managing real estate transactions! So if your real estate agent trusts that the seller will accept a reasonable, but smaller amount than the asking price, let them negotiate! They can save you thousands of dollars!
4th tip for first-time homebuyers in Florida: perform a thorough walk-through before finalizing the sale
Although the official inspector has given you their recommendations, re-walk through your new home before settling in again. Or even better, before finalizing the sale. Have a copy of the inspection report with you to verify the issues that received professional attention. First-time homebuyers in Florida should check for any signs of mold, water leaks and pests. Inspect all appliances, electrical outlets and plumbing as well. And while you’re at it, purchase homeowner’s insurance – it is a wise decision. Just make sure you’re investing in the right plan that adequately covers your home and possessions in case of hurricanes, for example.
Believe it or not, there are a lot of benefits of working from home, especially in times such as these. Thanks to the technology advances people are able to work remotely. You may not see the benefits of it right away, because we are taught that 9-5 jobs are the only real jobs. Well, that is not quite true in times like these. If you are stuck on thinking that working from home isn’t such a good thing, let us remind you of some of its amazing sides. Continue reading “Benefits of working from home”
Real estate experts say that we can expect to see more movements in the ultra-luxury end ($5M+) of the market. Because right now we are experiencing heavy discounts. It is the perfect time to book our Miami Beach movers! Miami Beach real estate trends in 2020 are leaning towards many properties going for 20%-30% below the original listing /asking price. Continue reading “The Miami Beach real estate trends in 2020”
So, spring has finally arrived! Are you ready to freshen up your home? Whether you are living in a small or a big household, a big spring cleaning will bring more air to your home. In case you are planning a relocation, you should also clean your current home, as well as the one you plan to move into. If you are planning a relocation to Florida from New York, your movers can help you pack and transport all of your moving boxes. Before hiring one of the moving companies NYC to Florida, let’s take a look at some spring cleaning hacks you could enjoy. Here are some tips for spring cleaning your Florida home. Continue reading “Spring cleaning hacks – Florida edition”
Florida has increasingly become a place where people of all ages decide to move. Whether it is for job opportunities, education, or just retirement, the reasons are endless! And if you are wondering why people decide that moving to Florida in 2020 is a great idea, then we are here to help you figure that one out! In our article you will get some insight into what Florida hides for its future residents! Continue reading and find out more! Continue reading “Reasons for moving to Florida in 2020”
If you are planning to move to Hollywood Florida and are in need of good family-friendly neighborhoods in Hollywood then this is the right article for you! We all know just how important it is to raise our kids in a good place! This is why in our article you can find all the best places here where you can enjoy your life and raise your kids! All you have to do is to continue reading and that’s is! Continue reading “Family-friendly neighborhoods in Hollywood”
Want to find good home staging tips for beginners? in the following article, we will talk more about this topic. If you are planning to move anytime soon, and you also wish to sell your home, then this is the place for you! You will see how some of the tips can help you better present your home to potential buyers! If you want to learn more about this, please continue reading! Continue reading “Home staging tips for beginners”
As for upcoming artists, it is very important to choose the best place to live. You would probably need a place that is surrounded by a lot of galleries, shops, and other places you can enjoy both creating your art and others as well. In the following article we ill talk about the best places for artists in Florida. So, if you are interested in moving to Florida as an artist anytime soon, then this article is just what you need! Continue reading “Best places for artists in Florida”