How to Spot Red Flags: Renters Beware!

What is a Rental Scam?

It’s a scheme/fraud done, in where someone attempts to defraud you by pretending to pose as either an agent or landlord of a property, with their main focus being to have you sign a lease and send then money via wire, without ever even seeing the property or the agent/owner of the rental.

This is why it’s very important to have basic knowledge of what to look for, when spotting red flags on rentals that seem too good to be true.  To help you avoid these scammers, we have created a list:

THE RED FLAGS of a SCAM

-          Requesting personal information or money.

-         ...

Why Consider Pre-Construction or Newly Constructed Homes in Today’s Market.

The current housing market in Miami is experiencing the effects of high interest rates, impacting both buyers and sellers.  With borrowing costs on the rise, potential homebuyers may find their purchasing power reduced, leading to decreased affordability and slower sale activities.

Conversely, higher interest rates may incentivize some homeowners to stay put or give a bit more thought to selling their home as they some thought into giving some type of credit towards closing costs, for a better chance of them selling the house.

 The Significance of Buying a Home Guide

"The most crucial and life-changing purchase a person makes in their lifetime is the purchase of a house"

For many individuals and families, the decision to purchase a house represents a pivotal moment in their lives.  This major financial undertaking goes far beyond mere bricks and mortar; it signifies stability, security and long term commitment. 

Higher Fed Interest Rates Increase the Cost of Homes

Residential property prices have grown along with the Federal Reserve's additional quarter point hoke in interest rates to 5.5%, which went from into effect on July 27th.  Credit lending is also becoming more restrictive.  Since February, interest rates have risen by a full percentage point because of teh Fed's four increases in interest rates this year.  The Miami-Fort Lauderdale-West Palm Beach metro area had infletion in April that was 9% more than the national average of 4%.  In addition, the average home roie in Florida increaseed by 5% in MAy, per a SmartAsset housing market report for 2023.

Miami's median price for a single-family...