BIG Insurance Group

Mortgage rates have recently hit their lowest in over a year, with government loans in the high 5% to low 6% range and conventional loans in the mid-6% range. This has led to an increase in refinancing and purchase activity. Industry experts are cautiously optimistic, noting potential for further rate drops but advising clients to act quickly to secure current rates. Existing clients who refinanced or purchased in the past 12-18 months may see significant savings, though future rate volatility is anticipated. Read the full article here 🔗 https://lnkd.in/gZGMiGjn
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The U.S. South, especially Florida and Texas, is seeing an unprecedented number of new homes for sale, driven by increased construction during the pandemic and a slowdown in migration. This surplus of inventory contrasts sharply with other parts of the country, where high borrowing costs are limiting housing supply. The surge in new homes results from a combination of factors. During the pandemic, many people relocated to Florida and Texas, prompting a boom in housing development. However, as migration trends reverse and economic conditions change, the high volume of newly built homes is outpacing demand. In Texas, investors are selling off properties at an accelerated rate, influenced by declining rental markets and higher property-related costs. Similarly, in Florida, many pandemic-era buyers are reselling their homes, including townhouses and condos, which contributes to the oversupply. This glut of homes could eventually lead to a decrease in prices, providing some relief for potential buyers. However, the market still faces challenges, including rising maintenance costs and insurance premiums, which may impact sellers and buyers alike. Read the full article here 🔗 https://lnkd.in/gvs9HfEA
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Real Estate Investors & Developers -> Looking for creative ways to fund your deals and/or refinance your current portfolio? We have several great options for non-recourse funding, so DM us to schedule a call to see if it makes sense for you...

Maximizing Your Rental Income: Four Tips From My House-Hacking Experience 🔑 For new house hackers, avoiding early mistakes is key to success. With intense competition, refining skills and learning from others is essential. Stick to strict tenant application requirements and use a comprehensive process with an application fee. Offering flexible lease terms can attract more tenants and improve retention. Maintaining clean shared spaces prevents disputes and boosts tenant satisfaction. Establish clear boundaries to keep professionalism intact while being approachable. By focusing on these areas, house hackers can enhance their chances of success and adaptability in real estate investing. The full article is available here 🔗 https://lnkd.in/grBrr-CG
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New investors often prefer residential real estate due to its familiarity, avoiding commercial properties due to perceived complexity. Commercial real estate, however, has key benefits: 1.Full Commitment: Managing a large commercial property allows for focused learning and efficiency, unlike juggling multiple residential units. 2.Faster Scaling: Acquiring many units in one deal speeds up scaling and helps develop scalable systems. 3.Controllable Value: The value of commercial properties is tied to income and cap rate, offering more control over increasing property value. 4.Better Lending: Loans are based on the property's income, not personal finances, and various creative financing options are available. 5. Creative Financing: Various financing options, like owner financing and private money, facilitate entry into commercial real estate. Have you considered the benefits of commercial real estate? What aspects seem most interesting or challenging? The full article is available here 🔗 https://lnkd.in/gMvQKGgE
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The National Weather Service has issued watches for heavy rain and flooding. Therefore, effective as of the date of this letter, we MUST suspend binding any NEW coverage or accepting any NEW applications, as well as NEW coverage increases to existing policies while the storm is active within these boundaries in the following states. Still Suspended: -FLORIDA Additional States -Georgia -North Carolina -South Carolina Please Note: Do NOT issue new coverage or increase coverage in the Online System during this period. If issued in error or intentionally, COVERAGE will not apply to any policies issued in the Online System during the suspension period. This does NOT affect coverage already issued and in force prior to the suspension being applied. Such policies will remain in full effect unless previously canceled. This restriction applies until the moratorium is lifted by us. Depending on the track and intensity of the storm, this moratorium may expand or narrow in scope, (we will advise you accordingly). Thank you for your understanding in this regard as well as your continued partnership.

Our Account Management Services At BIG Insurance, we recognize that issues can arise outside of regular business hours. That’s why we’ve partnered with top carriers to provide service centers with extended hours, ensuring you receive support even when our office is closed or during holidays. By collaborating with industry-leading carriers, we ensure that our clients have access to reliable assistance whenever they need it. Our commitment to exceptional service means you can rest easy knowing that help is available around the clock. To learn more about our top carriers and the extended support they offer, visit our website at https://lnkd.in/gmkgEWcv 🔗 . . . #birminghamalabama #biginsurancegrup #biginsurance #alabamainsurance #alabamapropertyinsurance #alabamarealestate #propertyinsurance #propertymanagement #insurance #insurancecoverage #nationwidecoverage #localinsurance #homeownersinsurance #commercialinsurance #riskmanagement #businesscoverage #propertyprotection #insuranceagency #realestateinsurance #protectyourassets #secureyourinvestment #coverageoptions

Enhance your property management services by offering tenants affordable content and general liability coverage. Our streamlined program provides essential protection for tenants' belongings and liabilities, adding significant value to your property management. Our Renter's Program simplifies the insurance process, making it easy for property managers to provide tenants with comprehensive coverage options. By partnering with BIG Insurance, you ensure that your tenants have access to the best protection, fostering peace of mind and satisfaction. Key benefits of our Renter's Program include: - Affordable Coverage: Competitive pricing ensures tenants can easily afford essential insurance. - Comprehensive Protection: Coverage options include both contents and general liability, safeguarding tenants against various risks. - Easy Integration: Seamlessly integrate our insurance program into your property management operations. - Added Value: Enhance your property's appeal by offering this valuable benefit to prospective and current tenants. Contact us today at 205.682.8856 to learn more about how our Renter's Program can benefit your property management and your tenants. . . . #birminghamalabama #biginsurancegrup #biginsurance #alabamainsurance #alabamapropertyinsurance #alabamarealestate #propertyinsurance #propertymanagement #insurance #insurancecoverage #nationwidecoverage #localinsurance #homeownersinsurance #commercialinsurance #riskmanagement #businesscoverage #propertyprotection #insuranceagency #realestateinsurance #protectyourassets #secureyourinvestment #coverageoptions

Nashville's housing market, once booming, is now seeing significant price cuts and a slowdown in sales 📉 In June, over a third of home sellers reduced their asking prices, a record for the month. Despite a rise in the median sale price from $474,000 to $505,000, home sales and pending transactions dropped by 13%. Nick Gerli of Reventure suggests that this trend could lead to further price declines, citing Nashville as one of the most overvalued markets in the U.S. This reflects broader issues in Sun Belt cities, where high construction and mortgage rates are cooling buyer demand. Read the full article here 🔗 https://lnkd.in/gwWDetui . . . #birminghamalabama #biginsurancegrup #biginsurance #alabamainsurance #alabamapropertyinsurance #alabamarealestate #propertyinsurance #propertymanagement #insurance #insurancecoverage #nationwidecoverage #localinsurance #homeownersinsurance #commercialinsurance #riskmanagement #businesscoverage #propertyprotection #insuranceagency #realestateinsurance #protectyourassets #secureyourinvestment #coverageoptions

Happy first day of August from BIG Insurance! ☀️ As we kick off the new month, our team is here to assist with all your insurance needs. We offer customized risk management solutions designed specifically for stakeholders in the real estate industry. Whether you're a property owner, developer, or investor, we're committed to providing you with comprehensive coverage and expert advice. Don’t hesitate to contact us for support and ensure your assets are protected this month and beyond. Give us a call or email today! 📞 205.682.8856 / mk@biginsurance.us . 
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