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Showing posts from May, 2018

Why some homeowners remodel rather than sell.

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Knowing the reasons why homeowners choose to remodel can show how they influence today's housing market. The National Association of Home Builders (NAHB) conducted a Remodeling Market Index (RMI)  for the first quarter of this years. The RMI survey asks remodelers to rate market demand for the remodeling market at the present time as compared to 3 months earlier. In addition to the questions that provide the data needed to compute the RMI, the survey often also includes a set of “special” questions on a topic of current interest to the housing industry. Included a special question asking remodelers to rate their customer’s reasons such as desire/need for more space, wanting to avoid moving/buying  etc., as a motivation for remodeling their home. Remodelers where asked. Please rate how often your customers cite the reasons below as a motivation for remodeling their homes. Desire for better/newer amenities 4.3 Need to repair/replace old ...

Is the “American Dream” hurting the Real Estate market in Miami?

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The “American Dream” could differ depending on who you ask, but firmly on top of most lists there are two that out rank the rest. Home ownership is probably number one, closely followed by “ being your own boss” , this entrepreneurial desire affects the home ownership more forcefully than we can imagine. Why is being your own boss so entrenched? The promise of unlimited earnings and progress in a short time motivates and attracts the potential new entrepreneurs.  But another reason as powerful is that a great number are not new to the labor market. Many have years of experience, training and in a lot of cases college degrees, but, they don’t speak enough English to be hired in the regular job market for opportunities with higher wages to match their skills.      There is one exception, the Real Estate industry is probably the only profession that allows to train and take the State Licensing exam and obtain the license all in Spanish. Th...

Real Estate Market Analysis by Zip Code

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I am convinced that timely and accurate information is the cornerstone to achieve a successful real estate transaction, it does not matter if you are a seasoned investor or a first-time buyer, a seller or someone managing your real estate investment. This is the first of weekly reports targeted by zip codes within the Southwest area of Miami Dade. The report will include all available up-to-date data of different market activities in the Real Estate Marketplace. This type of on-call information was only available to big investors with a staff to follow the market. The posting features selected zip codes and we hope to expand according to reader's needs We selected the specific zip codes in the area based on amount of market activity ( Request a Zip Code ) Here is the data to expect: 1.        #BEDS                 Number of Bedrooms 2.        #FB   ...

Best Tips for Selling a Home

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How to figure out exactly what you want, and how to work with the experts who’ll help you get it.   Selling, a famous salesman once said, is essentially a transfer of feelings.  You love and cherish your home. You want the next owner to fall in love with it, too — through photos, through words, and through the experience of walking through your front door. But, perhaps most, you want to get the price you want.  This isn’t a small task. Selling a home requires work. It requires time. The journey isn’t always easy. There will be frustrations. But when you seal the deal and move on to your next chapter — wow, what a blissful, boss feeling.  Below, we preview and link to each step in your journey. We’ll discuss how to know what you want (and what your partner wants, if you’re selling together). How to understand the market, and ways to make a plan. And most importantly? How to create relationships with experts and trust them to help you get the job done. ...