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Showing posts from April, 2020

Upsizing Your Home

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Unfortunately, our homes don’t always grow with us. What may have initially worked fine for a single person, a young couple’s starter home, or a family with a newborn can quickly become too small as families expand and multiple generations live under one roof. Remodeling and adding to your home is one option for creating more space, but it can be costly, and the size of your property may be prohibitive. That’s when moving to a bigger home becomes the best solution. WHERE DO YOU NEED MORE SPACE? The first thought when upsizing your home is to simply consider square footage, bedrooms, and bathrooms. But it’s important to take a more critical approach to how your space will actually be used. If you have younger children (or possibly more on the way), then focusing on bedrooms and bathrooms makes sense. But if your children are closer to heading off to college or starting their own families, it may be better to prioritize group spaces like the kitchen, dining room, living room, a

After the Stay-at-Home period, Will Consumers Look for Bigger Homes?

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Smaller homes and "microapartments" were the latest trends in real estate. Be that as it may, following the pandemic, many lodging specialists anticipate a rush of purchasers will need to upsize their homes. Americans in numerous states, dug in from protecting set up orders, may have begun to feel cooped up. Space has never been more sought after. A review of 1,300 property holders directed by realtor.com® and Toluna Insights discovered "little spaces" was the greatest issue from proprietors about their homes during the pandemic. "I imagine that the longing for bigger condos will return into style and numerous [consumers] will be hoping to evaluate—in the case of evaluating in area, light, open air space, view, or enhancements,"  Lookin for more space could provoke more individuals to move to suburbia, industry authorities anticipate. The review from realtor.com® and Toluna Insights shows that customers state their "must-have" includes

Low rates diving in for the long stretch?

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The Feds have decided to keep the record low rate of interest — keeping the interest on home loans at an all-time low. The national bank slice the rate to that ultra-low level a month back as the reality of the coronavirus crisis was getting clear.  Things aren't beating that, Fed policymakers said in their declaration on Wednesday.  "The ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term," the Fed said. "This may sound dramatic, but think about the economic damage currently taking place," Brachman says. "In one month, we have seen all the jobs created within the last decade be lost. The longer that this shock goes on, the damage gets exponentially worse. The Fed's government supports rate doesn't have a nearby association with the drawn out rates on home credits, similar to 30-year fixed hom
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MARKET ACTIVITY FOR THE LAST 3 MONTHS Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

La economía de COVID-19 en comparación con la pandemia del SARS de Hong Kong '03

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27 de abril de 2020 Foto de  John Guccione www.advergroup.com  de  Pexels La pandemia de COVID-19 ha cerrado enormes franjas de la economía del país, influyendo en las existencias cotidianas de una gran cantidad de unidades familiares. Los mercados inmobiliarios, como casi todas las divisiones de la economía, no se salvarán. El interés por el alojamiento probablemente se calmara a medida que se desarrolle el desempleo y disminuyan los salarios de las unidades familiares. Además, muchas casas acaban de ser retiradas del mercado, influyendo tanto en compradores potenciales como en comerciantes. Por el momento, también se crearán menos unidades de alojamiento, lo que tal vez afecte la razonabilidad del alojamiento a medida que pasa el tiempo. En cualquier caso, el ritmo de las desgracias laborales en los Estados Unidos es excepcional en la posguerra. Las comparaciones  más cercanas son probablemente otras pandemias mundiales. Según un examen de Zillow, después del episodio de SA

COVID-19 economy compared to Hong Kong '03 SARS Pandemic

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Photo by  John Guccione www.advergroup.com  from  Pexels The COVID-19 pandemic has closed down enormous swaths of the country's economy, influencing the everyday existences of a great many family units. Housing markets, as almost every division of the economy, won't be saved. Interest for lodging will probably mollify as joblessness develops and family unit salaries decay. Additionally, many homes have just been pulled off the market, influencing both potential purchasers and merchants. Less lodging units will likewise be created for the time being, perhaps affecting lodging reasonableness as time goes on. Regardless, the pace of employment misfortunes in the US is exceptional in the post-war time. The nearest matches are likely other worldwide pandemics. As per an examination from Zillow, following the SARS episode in Hong Kong in February 2003, home deals fell 33 percent underneath anticipated levels by May. Nonetheless, exchanges (just as joblessness) recouped to ordin

How to Remotely Tour a Home

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You’ve done your research online and found what looks like the perfect home. You’d love to go take a look, but due to circumstances (you live out of town or, ahem, there’s a global pandemic), you aren’t able to tour the home in person. When you can’t walk through a house yourself, the next best thing is a remote home tour conducted by someone you trust, like your real estate agent. If you must buy a house remotely, this could be  the way for you to tour the home before you buy. Here’s what you need to know about touring a home remotely. As published in HomeLight Blog Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

More property showings in the past couple of weeks

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With plenty of time during the COVID-19 social distancing and stay-at-home guidelines, consumers began getting cabin fever and realized that maybe their present home is too small or even maybe too big and went on to social media to daydream possibilities. As a Realtor® I have has rapidly adapted  to COVID-19 rules and precautions, and  now using virtual showing, remote contract negotiations,  signings and closings. As a matter of fact I have been Move certified with HomeLight in using the best tools, technology and practices to help keep clients safe during he COVID-19 In a prior post of  April 26, 2020,  you can find how the market is moving. According to data from ShowingTime, a home tour scheduler, the number of Florida home showings by day was similar to 2019 showings until the end of February. After that, showings dropped off slightly but remained in positive territory until Saturday, March 14, when the first indication of buyer interest seemed to wane and showings di

COVID-19 Real Estate Information you will only find here

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If you are thinking of selling or buying, this is valuable, up-to-date information to make an informed decision.  Market activity in the areas shown in the map for the last 7 days New properties Entering the Market (79) Back On Market (18) Price Decrease (42) Price Increase (4) Active With Contract (25) Cancelled (21) Closed Sale (64) Pending Sale (46) Rented (0) Temp Off Market (17) Withdrawn (5) Expired (8) Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Want to Get a FREE Weekly Credit Report? Here is how.

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Considering the state of the economy due to the current pandemic, there are reasons why one should be worried about finances and credit ratings with that in mind, the three major credit bureaus, Experian, Equifax, and TransUnion, jointly announced a service to provide Americans free weekly credit reports through April 2021. CEO's of TransUnion, Equifax and Experian explained in a joint statement: These are unprecedented times facing the world. People are feeling scared and uncertain about the future. To help play our part and reduce some of that anxiety, we are uniting as an industry to help people know the facts about their financial data. We are making credit reports more accessible more often so people can better manage their finances and take necessary steps to protect their credit standing. To access the free credit reports, you’ll need to go to AnnualCreditReport.com and follow the same process you would normally use for your free yearly report.  Be aware, They don’t provide

How will the economy recover

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Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is:  how long will it take the economy to fully recover? Let’s look at the possibilities. Here are the three types of recoveries that follow most economic slowdowns (the definitions are from the financial glossary at  Market Business News ): V-shaped recovery:  an economic period in which the economy experiences a sharp decline. However, it is also a brief period of decline. There is a clear bottom (called a trough by economists) which does not last long. Then there is a strong recovery. U-shaped recovery:  when the decline is more gradual, i.e., less severe. The recovery that follows starts off moderately and then picks up speed. The recovery could last 12-24 months. L-shaped recovery:  a steep economic decline followed by a long period with no growth. When an economy is in a

Guillermo Sanjurjo Earns NAR Pricing Strategy Advisor Certification

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FOR IMMEDIATE RELEASE: Guillermo Sanjurjo Earns NAR Pricing Strategy Advisor Certification Miami, Florida, April 15,2020 — Guillermo Sanjurjo with Century 21 Continental has earned the nationally recognized Pricing Strategy Advisor (PSA) certification . The National Association of REALTORS ® offers the PSA certification to REALTORS ® as determining property values depends more than ever on professional expertise and competence, the best use of technology, and a commitment to approach the pricing assignment from various perspectives.   “ Consumers deserve accurate property value assessments, so NA R is proud to provide REALTORS  with a credential that provides enhanced tools, education , and expertise to determine the most accurate value for a home ,” s aid Marc Gould, Executive Director of the Center for Specialized REALTOR® Education . “ Pricing Strategies : Mastering the CMA ” is the required course for the PSA certification that provides

Online and mobile banking tips for beginners

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If you’ve been on the fence about doing your banking online, now is a good time to get started as financial institutions change their branch hours during the COVID-19 pandemic. Online banking allows you to handle your finances from the comfort of home. Read more...

As Forbearance Requests Rise, NAR Dispels Myths

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As Forbearance Requests Rise, NAR Dispels Myths: FHA, Fannie Mae, and Freddie Mac have not raised rates and fees, but the National Association of REALTORS® is advocating for a reliable source of liquidity for mortgages in forbearance. Read more. Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400