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Showing posts from October, 2019

Realtor.com: Buyers Can Now Do a Listing Photo Search

Realtor.com: Buyers Can Now Do a Listing Photo Search Calling it a “first-of-its-kind,” realtor.com allows buyers to select preferences and browse listing photos that apply thanks to a tech tool that can analyze pictures. SANTA CLARA, Calif. – Realtor.com announced the release of its Photo First feature to help buyers view rooms with their preferred features without scrolling through dozens of listing photos. According to realtor.com, this first-of-its-kind feature delivers the best browsing experience by making photos more personal and relevant than ever before. The Photo First feature can recognize characteristics of a room and organize photos into categories with more than 97% accuracy. Realtor.com says it “re imagined the listing photo experience to make it simpler and more useful than ever before.” Buyers can select a category – exterior, kitchen, bathroom, bedroom, living room or dining room – and an algorithm will deliver the results with additional work by the buy...

Thinking of Selling Your Home? The Waiting Is ...

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Thinking of Selling Your Home? The Waiting Is The Hardest Part. This post is available in 64 languages. Just select your preference in the "Language" side-panel. Tom Petty famously penned the words,  “the waiting is the hardest part”  in his early 80’s hit song  The Waiting,  and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in the market, but right now may in fact be an even better time to list your home. We can see the overall economy is good: wages are rising, there are near record-low unemployment rates, and mortgage  interest rates  are still very low too. Over the past 10+ years the housing market has stabilized, so what (if anything) is the biggest challenge in the housing market today? The answer is simple:  it’s inventory. According to the  Existing Ho...

Buying Real Estate as an Investment vs. as a Home

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Real estate is a viable and productive way to build great wealth over time, but learning how to do it takes patience, knowledge, and the careful evaluation of individual properties for their income-producing potential.  Read more This post is available in 64 languages. Just select your preference in the "Language" side-panel. Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Think Prices Have Skyrocketed? Look at Rents.

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Think Prices Have Skyrocketed? Look at Rents. This post is available in 64 languages. Just select your preference in the "Language" side-panel. Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject. In the most recent  Apartment Rent Report ,  RentCafe  explains how rents have continued to increase over the last twelve months because of a large demand and a limited supply.   “Continued interest in rental apartments and  slowing construction  keeps the national average rent on a strong upward trend.” Zillow , in its latest  Rent Index , agreed that rents are continuing on an “upward trend” across most of the country, and that the trend is accelerating: “The median U.S. rent grew 2% year-over-year, to $1,595 per month. National r...

Buying a home can be SCARY…Until you know the FACTS

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Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC] This post is available in 64 languages. Just select your preference in the "Language" side-panel. Some Highlights: Many potential home buyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process: 71% of buyers who purchased homes have put down less than 20%. 78.1% of loan applications were approved last month. In September, the average credit score for approved loans was 737. Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Dependiendo del precio, va a necesitar asesoramiento

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Para entender el mercado complejo de la vivienda, es fundamental tener un asesor local de confianza a su lado, por más razones de las que usted pueda pensar. En el sector de bienes raíces , hay esencialmente tres puntos de precios diferentes en el mercado: el mercado de las casas de iniciación, el mercado medio, y el mercado prémium o de lujo. Cada uno es único, y dependiendo de la ciudad, el punto de precio de esa categoría puede variar. Por ejemplo, una casa de iniciación o en la gama baja en san Francisco, California es mucho más cara que casi en cualquier otra parte del país. Vamos a explorar lo que usted necesita saber sobre cada uno de estos niveles.    Read more Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Depending on the Price, You’re Going to Need Advice

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This post is available in 64 languages. Just select your preference in the "Language" side-panel. To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. In real estate today, there are essentially three different price points in the market: the starter-home market, the middle-home market, and the premium or luxury market. Each one is unique, and depending on the city, the price point in these categories will vary. For example, a starter or lower-end home in San Francisco, California is much more expensive than almost any other part of the country. Let’s explore what you need to know about each of these tiers. Starter-Home Market:  This market varies by price, and these homes are typically purchased by first-time home buyers or investors looking to flip them for a profit. Across the country, homes in this space currently have les...

5 Tips for Starting Your Home Search

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5 Tips for Starting Your Home Search This post is available in 64 languages. Just select your preference in the "Language" side-panel In today’s market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time home buyer if you aren’t prepared. Here are five tips from  realtor.com ’s  article ,  “How to Find Your Dream Home—Without Losing Your Mind.” 1. Get Pre-Approved for a Mortgage Before You Start Your Search One way to show you’re serious about buying your dream home is to get pre-qualified or  pre-approved  for a mortgage. Even if you’re in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether your dream home is within your reach. This will help you avoid the disappointment of falling in love with a home well outside your price range. 2. Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’ Do you really n...

Why Builders Are Upbeat About Dip in Housing Starts

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 Total housing starts dropped 9.4% month over month in September, but there’s some good news hidden in the numbers. Read more, Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Las propiedades se venden rápido.

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Las casas atreves del país se están vendiendo rápidamente, en un promedio de solo 31 días. 49 % de las casas se vendieron en menos de un mes. Más Información. Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400
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This post is available in 64 languages. Just select your preference in the "Language" side-panel. Homes Are Selling Quickly [INFOGRAPHIC] Some Highlights: The  National Association of REALTORS®  surveyed their members for the release of their  Confidence Index. The  REALTORS® Confidence Index  is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices, and market conditions. Homes across the country are selling quickly, in an average of just 31 days. 49% of homes sold in less than a month. Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

3 Reasons This is NOT the 2008 Real Estate Market

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3 Reasons This is NOT the 2008 Real Estate Market THIS POST IS AVAILABLE IN 64 DIFFERENT LANGUAGES. See "Language " in the sidebar. No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s real estate market to the market in 2005-2006, which preceded the crash. In many ways, however, the market is very different now. Here are three suppositions being put forward by some, and why they don’t hold up. SUPPOSITION #1 A critical warning sign last time was the surging gap between the growth in home prices and household income. Today, home values have also outpaced wage gains. As in 2006, a lack of affordability will kill the market. Counterpoint The “gap” between wages and home price growth has existed since 2012. If that is a sign of a recession, why didn’t we have one sometime i...

IREM, Rent Control and the Importance of a Free Market

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C alifornia and Oregon adopted rent controls, and IREM’s president says his group has always opposed controls – but it’s equally opposed to excessive rent increases. Read more This post is available in 64 languages. Just select your preference in the "Language" side-panel Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400
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Be on the Lookout for Gen Z: The Next Generation of Home Buyers. This post is available in 64 languages. Just select your preference in the "Language" side-panel You’ve likely heard a ton about Millennials, but what about Gen Z? In the next 5 years, this generation will be between the ages of 23 and 28, and they’re eager to become homeowners faster than you may think. According to  realtor.com ,  “ Nearly 80 percent of Generation Z members say they want to own a home before age 30, ” and  Concentrix Analytics  said, “ 52% of prospective Gen Z buyers are already saving to buy a home.” Wikipedia  defines Generation Z (Gen Z) as “ the demographic cohort after the Millennials. Demographers and researchers typically use the mid-1990s to mid-2000s as starting birth years .” The report from  Concentrix  goes a little deeper on Gen Z, identifying the main reasons this cohort wants to own homes: 55% want to own a home because they want to start ...

FTC Halts ‘Misleading’ Real Estate Seminars with HGTV Stars

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A court has agreed to put a temporary stop to pricey real estate seminars fronted by HGTV stars after the Federal Trade Commission said promises that the classes could make people rich were "misleading" and "bogus. "  Read more ASSOCIATED PRESS PUBLISHED   4 OCTOBER 2019 Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

10 Most Horrifying Decorative Trends

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10 Most Horrifying Decorative Trends : October is the month for thrills and chills, but your sense of interior design shouldn’t be what’s scaring people. Avoid these unfortunate decor choices. Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400
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3 Signs the Housing Market Is on the Rebound The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound: 1. Existing Home Sales  (closed sales) are up, marking two consecutive months of growth. 2. Pending Home Sales  (contracts signed) are up with each of the four major regions reporting both month-over-month growth and year-over-year gains in contract activity. Here is the month-over-month growth: The Northeast rose 0.7% The Midwest increased 0.6% The South increased 1.4% The West grew 3.1% 3. Buyer Traffic  (the number of people shopping for a home) is up compared to the same time last year, and  for the first time in 13 months . The Northeast is up 5.9% The Midwest increased 1.3% The South is up 2.7% The West grew 2.2% In their most recent report,  ShowingTime   Chief Analytics Officer , Daniil Cherkasskiy explained: “The tre...
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4 Tips to Improve Your Home and Save on Your Energy Bill As a homeowner, it’s important to keep your home running efficiently, not only to save money, but also to help the environment thrive. October 2 nd  is  Energy Efficiency Day ,  a perfect time to think about making some key upgrades that will improve the efficiency of your home. If you’re looking to sell your house and increase the pool of potential buyers in your market, the upgrades below are truly a must. According to  Wallet Hub , “In the U.S., energy costs eat between 5 and 22 percent of families’ total after-tax income.” What should you spend on utilities? Money Management  says, “If you’re working with a budget, and trust me, you should be, your utility costs should be no more than 8-10 percent of your monthly income.” How can you make your home more efficient? EnergyEfficiencyDay.Org  provides some handy tips that can help you improve the energy efficiency of your home....

5 Sweet Tax Deductions When Selling a Home

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The new tax code can be confusing but check for tax deductions or exemptions – like legal fees, escrow fees or other costs directly tied to the sale of your home. Read more Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

More Homes Qualify for Appraisal Exemption

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The new rule doesn’t apply to transactions where the buyer is purchasing the home with financing wholly or partially insured by a government-run or government-sponsored agency, including the Federal Housing Administration, Department of Housing and Urban Development, Department of Veterans Affairs, Fannie Mae, and Freddie Mac. Read more Guillermo "Bill" Sanjurjo Realtor®  12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Countries With the Highest Single and Family Income Tax Rates

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Belgium, Germany, Denmark, Austria, and Hungary have the highest income tax for singles, while Turkey, Denmark (again), Finland, The Netherlands, and Norway have the highest income tax for married couples with two children. Read more Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400