My Go to Realtor®

Hurricane Isaias Courtesy of; St. Johns Insurance Company   C ustomer Service:  800-748-2030 Make an   emergency plan  and discuss the plan with your family. Engage your family in making a plan, so that everyone knows what to do and when to do it.  Listen to your local officials and follow any evacuation orders that are given.  Know your Evacuation Zone Prepare an emergency kit. Make sure you have nonperishable food, water and a first aid kit handy. It is best to also collect important documents and keep them in one place for easy access in the event of an evacuation. Review your insurance policy.   As you make your preparations, review your insurance policy as it is important to know what your policy covers and what it excludes long before a severe weather event occurs. Review your policy with your agent to understand the coverage and exclusions.  Understand your Hurricane Deductible Helpful Links Florida Emergency Management Natio...

Here is an advertisement publish in the Miami Herald dated November, 13 1959 According to the ad, the price of the new home was between $18,000 and $21,000. Property cost ................................. $21,000.00 Closing costs................................. .$         0.00 Area Median price NOW.............. .$427,000.00 Profit of.............................................$406,000 I don't think there is a need to breakdown th3e numbers any further, to see the tremendous capital gain derived from the investment. The advertising also notes that an income of $8000.00 a year or more was required to qualify. Having been in Miami since 1959 I can tell you that at that time the minimum wage was about $1.00 an hour, so to meet the qualifying requirements the buyer need it to make at least $3.88 per hour. The bottom line is if you can afford to buy now, what seems very expensive now will be cheap a couple of years from now.           ...

Shared from T R D  MIAMI   / July  21, 2020   04:35 PM  By   Keith Larsen When an alleged front man for a narco trafficker needed a place to park his money in 2016, Samark Jose Lopez Bello chose a fitting home: a white palatial estate in Coral Gables with a striking resemblance to Tony Montana’s mansion in “Scarface.” Read the complete story here Guillermo "Bill" Sanjurjo Realtor® https://guillermo.realtor 12955 SW 42 St Suite 2, Miami, FL 33175  Cell: 786-232-1400

This recovery in the housing market marks the very first time that home sales have surpassed pre-pandemic levels since January and February. According to Redfin, this increased housing demand is due to the low mortgage rates currently available. READ MORE... Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

As the nation’s affordable housing crisis intensifies, there is a growing movement in high-cost areas for the legalization and expansion of accessory dwelling units (ADUs)—also referred to as granny flats, garage apartments, and in-law suites. Read more.. Guillermo "Bill" Sanjurjo Realtor® https://guillermo.realtor 12955 SW 42 St Suite 2, Miami, FL 33175  Cell: 786-232-1400

Coronavirus hasn't stopped upward market trend in South Florida Read more... As published y  By  James Leggate FOXBusiness Guillermo "Bill" Sanjurjo Realtor® https://guillermo.realtor  12955 SW 42 St Suite 2, Miami, FL 33175  Cell: 786-232-1400

The share of mortgage loans that became delinquent in April outpaces anything seen during the Great Recession and is the highest rate on record in 21 years, according to CoreLogic’s data. During the month of April, 3.4% of mortgages went from current to 30 days past due, outpacing the 2% high recorded in late 2008.  Read more... As publish in Daily Dose by  Krista F. Brock Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

What Credit Score Do You Need to Buy a House? : A high credit score usually qualifies for a lower interest rate, but what’s the minimum score to get a loan at all? Buyers trying to boost their score should aim for 620 on a conventional loan and 580 (3.5% down) on an FHA loan. Lender requirements vary for jumbo or VA loans. Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Details from a recent survey conducted by the National Association of Realtors (NAR) revealed that the vast 9 out of 10 of its expert members believe that the housing industry is on its way to recovery. While many states across the nation slowly edge toward reopening and the economy begins to climb its way out of its slump, hope seems to be on the rise among NAR’s agents. READ MORE... Guillermo "Bill" Sanjurjo Realtor® https://guillermo.realtor   12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400  SHARED FROM  Daily Dose ,  Author:  Andy Beth Miller

Lenders can offer borrowers with an FHA mortgage four types of forbearance, including one for those “not eligible for any other home retention solution.” READ more... panida wijitpanya / Getty Images Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Miami Single Family Homes May 2020 May 2019 % Change Year-over-Year Closed Sales 734 1,355 -45.8% % Paid in Cash 16.2% 23.2% -30.0% Median Sale Price $375,714 $360,000 4.4% Dollar Volume $400,286,900 $715,961,675 -44.1% % of Original List Price Received 96 95 1% Median Time to Contract 44 59 -25.4% Median Time to Sales 90 107 -15.9% Active Inventory 5,665 6,759 -16.2% Months Supply of Inventory 5.4 6.3 -14.3% Miami Townhomes & Condos May 2020 May 2019 % Change Year-over-Year Closed Sales 563 1,441 -60.9% % Paid in Cash 38.5% 48.4% -25.5% Median Sale Price $260,000 $243,000 7.0% Dollar Volume $231,705,465 $585,172,808 -60.4% % of Original List Price Received 93 93 0% Median Time to Contract 60 78 -23.1% Median Time to Sales 109 118 -7.6% Active Inventory 14,705 15,893 -7.5% Months Supply of Inventory 13.8 14 0.7% Guillermo "Bill" Sanjurjo Realtor®  https://guillermo.realtor  12955 SW 42 St Suite 2, Miami, FL 33175  Cell: 786-232-1400

olgart / Getty Images  A supplemental score, the FICO Resilience Index, focuses on future recessions and gauges whether a buyer is likely to default even if they have a low credit score. Read more.. Guillermo "Bill" Sanjurjo Realtor® https://guillermo.realtor 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Potential homebuyers might want to hop off the sidelines, as housing confidence is regaining its mojo. Building even more on the advance of the prior month after nearing the shadow of a survey low in April, there was a spike of 9 points in June to 76.5 in the Fannie Mae Home Purchase Sentiment Index (HPSI), according to Fannie Mae. Read more... Author:  Chuck Green in  Daily Dose Guillermo "Bill" Sanjurjo Realtor®  https://guillermo.realtor 12955 SW 42 St Suite 2, Miami, FL 33175  Cell: 786-232-1400

About half of COVID-19-related forbearance plans expired last month, and one-fourth are set to expire this month, leaving mortgage loan servicers with the task of reviewing more than a couple of million loans for forbearance extensions or payment eligibility. Read full article Guillermo "Bill" Sanjurjo Realtor®  https://guillermo.realtor 12955 SW 42 St Suite 2, Miami, FL 33175  Cell: 786-232-1400