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Showing posts from October, 2024

Pathways to Professionalism – Professional Courtesies

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Realtor told the listing broker after the scheduled showing the buyer decided not to view the home.  The owners filed an ethics complaint against the Realtor, but the hearing panel found there was not a violation of the Code of Ethics. How can that be? http://dlvr.it/TFSRGK

Buyer Options to Compensate their Brokerage Firm

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When a buyer agrees to compensate their brokerage firm in a buyer’s broker agreement, there are a few ways they can fulfill this obligation using Florida Realtors forms.   http://dlvr.it/TFS9Sc

Helene Claims Up, New Storm Eyed

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A Florida Office of Insurance Regulation order bans insurance cancellations or nonrenewals in impacted areas, unless requested by the policyholder, until late November. http://dlvr.it/TFRgBZ

Commercial Property Market Coming Back to Life

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The commercial market is rebounding. Transactions are increasing, driven by distressed properties and new liquidity as buyers and sellers agree on pricing. http://dlvr.it/TFRL1w

U.S. Annual Home Price Growth Inches up in August

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Year over year, U.S. single-family home prices rose to 3.9% in August, the lowest rate of growth recorded since last July. http://dlvr.it/TFQSCD

Florida Consumer Sentiment Continues to Climb

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Increasing optimism is largely driven by positive views on the national economy over the next year. Consumer sentiment should improve overall in the months ahead. http://dlvr.it/TFQBQh

Should You Refinance Your Mortgage?

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As a general rule, refinancing could be worthwhile if you're able to reduce your mortgage rate by at least 1 percentage point, one analyst said. http://dlvr.it/TFPhLJ

Two New Condo Forms Available

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Two newly revised forms address changes in law that require condo sellers and buyers to supply and acknowledge association documents. http://dlvr.it/TFPMGx

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDwDYC

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDwDYC /> http://dlvr.it/TFNSvf
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Condo Changes Coming to a Form Near You

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The updated FR/BAR Condominium Rider, (CR-6xx_A) and CRSP Condominium Addendum (CRSP16xxx_F) include the required language. http://dlvr.it/TFLD2g

Cybersecurity Incident Response Plans In The Works

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The IT security firm Check Point said the “insurance/legal” sector saw 636 weekly attacks in 2022, a 68% increase from 2021. The figure was expected to triple in 2024. http://dlvr.it/TFKlNy

Helene: RE License Renewals Extended

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Unemployment assistance is available to those who lost jobs or self-employment due to the hurricane. The Florida Realtors DRF donated to NAR’s Realtor Relief Fund. http://dlvr.it/TFKRVV

Fed’s Powell Signals Slow, Steady Rate Cuts

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Powell said the economy is largely healthy and the Fed is “recalibrating” its key interest rate, not rapidly cutting it. Interest rates influence mortgage rates. http://dlvr.it/TFJdD9

Condo Inspections Help Buyers Assess Costs

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Many Florida condo associations are required to have the inspection reports completed by Dec. 31. The documents will help buyers understand the cost of ownership. http://dlvr.it/TFJQyx

Helene: RE License Renewals Extended, More Aid

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Disaster Unemployment Assistance is available to Floridians who lost jobs or self-employment due to Hurricane Helene. Nearly 50,000 insurance claims have been filed. http://dlvr.it/TFJ60x

Newly Built Apartments Filling Up Faster

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Redfin reported 54% of U.S. apartments that were completed in the first quarter rented within three months, up from 47% a quarter earlier. http://dlvr.it/TFHvmj

Condo Inspections Help Buyers Understand Costs

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Many Florida condo associations are required to have the inspection reports completed by Dec. 31. The documents will help buyers understand the cost of ownership. http://dlvr.it/TFH7RH

Miami-Dade Again Leads the Nation in Multifamily Units Under Construction

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By Gay Cororaton, MIAMI REALTORS Chief Economist   Miami-Dade County continues to rank No. 1 in the U.S. in multifamily units under construction with developers continuing to remain bullish given the area’s strong job growth and sustained migration. According to Cushman and Wakefield’s[1]  multifamily report for 2024 Q3, there were... The post Miami-Dade Again Leads the Nation in Multifamily Units Under Construction appeared first on MIAMI REALTORS®. http://dlvr.it/TFGmmr

Friday, Oct. 11: South Florida real estate market articles

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How Fort Lauderdale is Entering a New Era in Its Yachting History via Boat International https://boattest.com/article/how-fort-lauderdale-entering-new-era-its-yachting-history   Miami-Dade legislation seeks way to add major new airport https://www.miamitodaynews.com/2024/10/08/miami-dade-legislation-seeks-way-to-add-major-new-airport/   As mortgage rates fall, tight residential inventory loosens via @miamitodaynews https://www.miamitodaynews.com/2024/10/08/as-mortgage-rates-fall-tight-residential-inventory-loosens/   Hurricane Milton Resources Available https://www.floridarealtors.org/news-media/news-articles/2024/10/hurricane-milton-resources-available   From London To Miami,... The post Friday, Oct. 11: South Florida real estate market articles appeared first on MIAMI REALTORS®. http://dlvr.it/TFGmVh

Hot Kitchen Trends: Mixed up and Multifunctional

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“Functional elegance” is the new mantra in kitchen design and include statement lighting and multifunctional islands. Avoid vintage features and gray tones. http://dlvr.it/TFGb5z

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDtCd3

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDtCd3 /> http://dlvr.it/TFFwwR
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Wednesday, Oct. 9: South Florida real estate market articles

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Miami ranked No. 1 Foodie City in America via new WalletHub study Best Foodie Cities in America in 2024 (wallethub.com)   Home buying demand is up about 10% via Redfin CEO. Purchase applications are up 10%. “Many homebuyers in 2025 are going to say game on” https://www.msn.com/en-us/money/realestate/redfin-ceo-inventory-will-be-the-gating-factor-for-home-sales-in-2025/vi-AA1rEpsk?ocid=BingNewsVerp   Art Basel... The post Wednesday, Oct. 9: South Florida real estate market articles appeared first on MIAMI REALTORS®. http://dlvr.it/TFD6lB
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Flood Disclosure, Public Sleeping Ban Starts Today

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Florida’s latest laws, effective Oct. 1, address flood risk transparency for homebuyers and restrict public camping, while others target theft and fraud. http://dlvr.it/TFCfxG

Buying a Starter Home Cheaper Than a Year Ago

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Starter homes in several Florida metro areas went from unaffordable to affordable in the last year, Redfin reported. http://dlvr.it/TFC6fC

Can Condo Board Force Sale to Another Owner?

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Most associations require buyers to be screened for fitness to live in the community, and some include a “right of first refusal” in a sale. http://dlvr.it/TFBnWm

Helene Insurance Claims Top $434M, Aid Opens

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FEMA, state bridge loans and the Florida Realtors Disaster Relief Fund are open for applications to help homeowners and businesses in need.   http://dlvr.it/TF9rPW

5 Things That May Be Slowing Your Wi-Fi Speed

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Old routers, congested bandwidth and physical barriers are just a few factors that can slow Wi-Fi speeds. Get free help from Florida Realtors TechHelpline. http://dlvr.it/TF9YZy

Key Points: Miami Rising: Wall Street South and the Invasion of Billionaires

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This is a recap from an article published in Benzinga. Benzinga is not a banker or lender (Information Provider) Financial Hub Growth: Miami is emerging as a significant draw for financial and tech companies. Leading this shift is Ken Griffin, who is building a $1 billion headquarters for Citadel. Miami is positioning itself alongside Palm Beach as "Wall Street South." Tech & Venture Capital: While it doesn’t yet rival Silicon Valley or Austin, Miami is attracting venture capital and becoming a fintech hub. Influx of Billionaires: High-profile billionaires, including Jeff Bezos and Larry Ellison, are investing heavily in Miami real estate. Sports figures like David Beckham and Tom Brady have also been drawn to the area. Grant Cardone, a real estate investor, has allocated $500 million to South Florida. Strong Economic Indicators: Miami’s unemployment rate of 3.1% (as of August) is the lowest in Florida. The city's growth has boosted office construction and deal v

Sustainable Spaces: Landscaping

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Four in 10 Americans say they chose their home location based on access to green spaces. Experts say sustainable landscaping is easy for homeowners to maintain. http://dlvr.it/TF91Cc

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDr8lm

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDr8lm /> http://dlvr.it/TF8gXd
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šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDpRSv

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDpRSv /> http://dlvr.it/TF5f5b

Thursday, Oct. 3: South Florida real estate market articles

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New MIAMI REALTORS® Global Headquarters: Designed By and For Our Members https://www.miamirealtors.com/2024/10/01/new-miami-realtors-global-headquarters-designed-by-and-for-our-members/   Miami ranked No. 10 Best Big City in the United Stats via new ranking by Conde Nast Traveler https://www.cntraveler.com/gallery/best-cities-us   A Baylink transit line between Miami and Miami Beach that has been a 40-year dream has cleared... The post Thursday, Oct. 3: South Florida real estate market articles appeared first on MIAMI REALTORS®. http://dlvr.it/TF5Lwd
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šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDn3Y5

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDn3Y5 /> http://dlvr.it/TF3WMd
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Recovery Resources for Hurricane Helene Victims

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2024 Florida Realtors President Gia Arvin said members play a crucial role in fostering community support and recovery efforts. http://dlvr.it/TF1nnY

Florida Realtors Named a Top Workplace

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The Orlando Sentinel’s Top Workplace in Central Florida distinction is based on anonymous workplace culture surveys filled out by company employees. http://dlvr.it/TF1Zm0

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDlMp8

šŸšØ Important Update for Sellers: New Flood Disclosure Law šŸšØ Effective October 1, 2024, HB 1049 requires sellers to complete and provide a Flood Disclosure before signing a sales contract. This includes details on any insurance claims or federal assistance received for flood damage. Ensure compliance to avoid legal issues. *Miami's Trusted Realtor: Guiding You Home with Expertise and Integrity* Guillermo Sanjurjo, Realtor® Read Summary : http://dlvr.it/TDlMp8 /> http://dlvr.it/TF0vZk
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Citizens Policies Could Go Below 900,000

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State regulators have approved as many as 649,000 policies for private insurers in October and November, another sign Florida’s insurance market is recovering. http://dlvr.it/TF09f5

Inflation Gauge Eases, Raising Chance of Rate Cut

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Cooling inflation is good news for future interest rate cuts in the coming months and years. Interest rates are tied to mortgage rates. http://dlvr.it/TDzs5t

Redfin: Buying More Affordable Since 2020

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Housing affordability is improving for the first time in four years, an economist said. Buy now because it’s unlikely to become markedly cheaper in the near future.       http://dlvr.it/TDyzHr

Miami Realtors PAC’s Realtor-Back Candidates

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Miami Realtors PAC is proud to support the following candidates for office. Our decision was made by a screening panel made up for Realtors members and based on several factors including, but not limited to, campaign organization, fundraising, messaging, community involvement, knowledge and/or receptiveness of real estate issues, and public... The post Miami Realtors PAC’s Realtor-Back Candidates appeared first on MIAMI REALTORS®. http://dlvr.it/TDyYMC
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What is Your Home Worth NOW šŸ” Recent home sales have affected your home's value! šŸ’° šŸ“ˆ Click to get your new home value estimate FREE and INSTANTLY! šŸŽÆ https://GuillermoS.FreeValues4Home.com

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What is Your Home Worth NOW šŸ” Recent home sales have affected your home's value! šŸ’° šŸ“ˆ Click to get your new home value estimate FREE and INSTANTLY! šŸŽÆ https://GuillermoS.FreeValues4Home.com /> http://dlvr.it/TDx0vK

Wednesday, Oct. 2: South Florida real estate market articles

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The 2026 FIFA World Cup will have a $3 to $4 billion economic impact in South Florida. Miami will host seven 2026 FIFA Club World Cup games, including the third game. Hard Rock Stadium selected as one of 12 venues for 2026 FIFA Club World Cup Hard Rock Stadium will... The post Wednesday, Oct. 2: South Florida real estate market articles appeared first on MIAMI REALTORS®. http://dlvr.it/TDwsff

Downpayment Assistance for First Time Home Buyers! šŸ” šŸ’° Learn how to qualify for downpayment assistance from available government and financial Programs! šŸ˜ƒ šŸ™šŸ» šŸŽÆ Go to https://GuillermoS.StopRentingStartOwning.org to get the FREE Information Now!

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Downpayment Assistance for First Time Home Buyers! šŸ” šŸ’° Learn how to qualify for downpayment assistance from available government and financial Programs! šŸ˜ƒ šŸ™šŸ» šŸŽÆ Go to https://GuillermoS.StopRentingStartOwning.org to get the FREE Information Now! http://dlvr.it/TDwlFS

ATTN Home Buyers! šŸ‘Ø‍šŸ‘©‍šŸ‘§‍šŸ‘§ ❤️ FREE REPORT: Pro's & Con's of Buying New Construction Homes! šŸ” New construction homes offer many benefits and incentives that may make them the PERFECT fit for you šŸ˜ƒ šŸ’° šŸŽÆ Go to https://GuillermoS.NewConstructionHomesNOW.com to get the FREE REPORT Now!

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ATTN Home Buyers! šŸ‘Ø‍šŸ‘©‍šŸ‘§‍šŸ‘§ ❤️ FREE REPORT: Pro's & Con's of Buying New Construction Homes! šŸ” New construction homes offer many benefits and incentives that may make them the PERFECT fit for you šŸ˜ƒ šŸ’° šŸŽÆ Go to https://GuillermoS.NewConstructionHomesNOW.com to get the FREE REPORT Now! http://dlvr.it/TDwDnK

Hurricane Helene Resources: What You Need Now

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Member resources include property insurance information, housing help, legal support and financial aid for those in need. http://dlvr.it/TDv1CS

Pending Home Sales Edged Up 0.6% in August

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Month over month, contract signings rose in the Midwest, South and West but dropped in the Northeast.   http://dlvr.it/TDtksG

šŸ” Is it time to buy, or should you continue renting?

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šŸ” Is it time to buy, or should you continue renting? While the Fed’s recent rate cuts may seem like good news for potential homebuyers, many renters are still finding that the math doesn’t quite add up. šŸ§® Mortgage rates remain over 6%, and with high home prices, the cost of owning a home often exceeds the monthly rent by hundreds of dollars. For many, it’s just too expensive to make the leap into homeownership right now. Experts say that for the monthly cost of buying a home to align with average U.S. rent, mortgage rates would need to fall closer to 5.25%. šŸ“‰ Even in cities where buying is slightly more affordable than renting, buyers face other hurdles like coming up with down payments and the rising costs of home insurance and maintenance. šŸŒŖ️ As a result, many renters are choosing to stay put—whether due to affordability or life circumstances. However, if you're planning to stay long-term, buying could still be a smart move, especially as homeownership builds equity and o

New MIAMI REALTORS® Global Headquarters: Designed By and For Our Members

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By Chris Umpierre   MIAMI Association of REALTORS® (MIAMI) members didn’t have many places to get together and make real estate deals happen at the old MIAMI REALTORS® headquarters. It was either a small conference center, computer lab or cramped elevator lobby.   Not anymore.   MIAMI’s new five-story, Class... The post New MIAMI REALTORS® Global Headquarters: Designed By and For Our Members appeared first on MIAMI REALTORS®. http://dlvr.it/TDtfSW

4 Hot Kitchen Trends: Mixed Up and Multifunctional

4 Hot Kitchen Trends: Mixed Up and Multifunctional : “Functional elegance” is the new mantra in kitchen design.

Mortgage Demand, Home Tours Up

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Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut. Many house hunters had been waiting for the cut. http://dlvr.it/TDtCkM

August New Home Sales Fall

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Expectations of the Federal Reserve beginning the first in a series of rate reductions kept potential home buyers in a holding pattern in August. http://dlvr.it/TDst9C