Buying a Home: What to Know About An Appraisal Contingency
Oppenheim Law Blog
by Oppenheim Law
11M ago
If you are a homebuyer seeking a mortgage and the house you contract for appraises for less than the actual contract price, you need to fully evaluate whether to waive the so-called appraisal gap. Waivers of appraisal typically occur in high demand real estate markets, where there are more buyers seeking homes than sellers listing their homes. As a result, […] The post Buying a Home: What to Know About An Appraisal Contingency appeared first on South Florida Law Blog ..read more
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Protected: The Calm Before The Storm
Oppenheim Law Blog
by Oppenheim Law
11M ago
There is no excerpt because this is a protected post. The post Protected: The Calm Before The Storm appeared first on South Florida Law Blog ..read more
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When Will the Housing Market Pick Up Again?
Oppenheim Law Blog
by Oppenheim Law
1y ago
Why Is the Housing Market So Sluggish? There is a critical shortage of homes causing a weak housing market. Sales of pre-owned homes dropped 3.3% in June from May, and 18.9% lower than from June of 2022. While a six-month supply is considered balanced between buyer and seller, the current sales represent only a 3.1-month supply. Pricing of homes has […] The post When Will the Housing Market Pick Up Again? appeared first on South Florida Law Blog ..read more
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Protected: Zombie Mortgages & Potential Foreclosures   
Oppenheim Law Blog
by Oppenheim Law
1y ago
There is no excerpt because this is a protected post. The post Protected: Zombie Mortgages & Potential Foreclosures    appeared first on South Florida Law Blog ..read more
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Do cash homebuyers have an advantage?
Oppenheim Law Blog
by Oppenheim Law
1y ago
Cash offers on homes have increased substantially over the last few years. In 2022, according to Redfin, 30% of all home sales were paid with all cash with 64% of all $1 million plus sales in Palm Beach, Miami-Dade, and Broward counties as well as 46% those under $1 million being cash deals. What are the Seller Advantages? Although it […] The post Do cash homebuyers have an advantage? appeared first on South Florida Law Blog ..read more
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Florida’s Proposed Affordable Housing Law
Oppenheim Law Blog
by Oppenheim Law
1y ago
 The Live Local Act is Florida’s response to the housing crisis affordable legislation, designed to provide developers with substantial tax breaks and hundreds of millions of dollars in funding. On March 29th, the Governor signed this Act into law which is to take effect on July 1. What does the Live Local Act do? The Act includes $259 million for […] The post Florida’s Proposed Affordable Housing Law appeared first on South Florida Law Blog ..read more
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Protected: Back to the Financial Time Machine: Bracing for the 2023 Recession
Oppenheim Law Blog
by Oppenheim Law
1y ago
There is no excerpt because this is a protected post. The post Protected: Back to the Financial Time Machine: Bracing for the 2023 Recession appeared first on South Florida Law Blog ..read more
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Best Home Deals? New Construction!
Oppenheim Law Blog
by Oppenheim Law
1y ago
While there still are residential home buyers waiting to buy until mortgage rates lower and with home appreciation prices slowing, there are nevertheless opportunities for homebuyers in the new construction market. Why? High construction costs, rising interest rates, inflation, and buyer concerns concerning job security all pose challenges to builders, According to the National Association of Home Builders (the NAHB), […] The post Best Home Deals? New Construction! appeared first on South Florida Law Blog ..read more
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Protected: Innovations in Commercial Office Space
Oppenheim Law Blog
by Oppenheim Law
1y ago
There is no excerpt because this is a protected post. The post Protected: Innovations in Commercial Office Space appeared first on South Florida Law Blog ..read more
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Why are home prices continuing to be high?
Oppenheim Law Blog
by Oppenheim Law
1y ago
There seems to be a pricing disconnect between would be homebuyers and sellers these days. Why? Homebuyers want to offer lower contract offers and yet sellers still want to obtain higher than normal sale prices as they enjoyed last year. Although mortgage interest rates near 7%, buyers still face elevated sale prices. What are the reasons for continued, elevated sales […] The post Why are home prices continuing to be high? appeared first on South Florida Law Blog ..read more
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