Maji's Market Minute Maji’s Market Minute Published by Maji Pace Ramos on March 21, 2023 I’m Maji Pace Ramos, and I’ve been a Miami realtor since 1993. 2nd Generation Realtor and a Miami Native.    Real Estate is in my blood. I’ve been studying this market most of my life. I’m obsessed with it. I know it’s a little weird. Have […]
Maji's Market Minute Tune in for breaking news on all things real estate.. I’m Maji Pace Ramos, and I’ve been a Miami realtor since 1993. 2nd Generation Realtor and a Miami Native.    Real Estate is in my blood. I’ve been studying this market most of my life. I’m obsessed with it. I know it’s a little weird. Have been since I was in high school.    If […]
Maji's Market Minute Florida insurance companies add new requirements to avoid insuring older homes Florida insurance companies add new requirements to avoid insuring older homes by Stassy Olmos | ABC Action News Insurance agents say that companies are changing policy requirements to avoid the financial risk of older roofs   For breaking news in the real estate market subscribe to Maji’s Market Minute Blog: http://bit.ly/majismarketminute-blog   Maji Ramos Real […]
Maji's Market Minute Condos: What questions to ask before buying or renting This is today’s Maji’s Market Minute. Today we’re going to discuss condos and what to look for. First and foremost, you have to ask if there is a structural inspection report or if there’s one coming. This is very important right now, in lieu of what happened with Champlain Towers in Surfside, and with all […]
Maji's Market Minute Happy International Women’s Day Happy International Women’s Day! Late to the party. This is amazing! Here’s to strong women everywhere and throughout time! #HappyInternationalWomensDay #evergladesnationalpark #googlemaji #majigreen #everglades #majigreensustainablesolutions
Maji's Market Minute Analyzing Headlines and Inventories This is Maji Pace Ramos with today’s edition of Maji’s Market Minute, on a very, very sunny day in Miami.  Today we are going to discuss what’s going on with the headlines and the market. Basically, we have to be really careful with the teaser headlines. They are effective for getting you to open the […]
Maji's Market Minute Remember… Date the rate, Marry the home 💍 Mortgage Rates Hit 3-Month High – 6.65% By Matt Ott Investors expect the Fed to raise interest rates soon, and this week’s increase in the 30-year, fixed-rate mortgage reflects that. Last week it was 6.5%. WASHINGTON – The average long-term U.S. mortgage rate hit a three-month high this week, reflecting higher Treasury yields and expectations […]
Maji's Market Minute FHA Loans Now Cost $117 Less Per Month Published by Maji Pace Ramos on February 27, 2022 FEBRUARY 22, 2023 FHA Loans Now Cost $117 Less Per Month By Kerry Smith FHA lowered its mortgage-insurance premium for borrowers by 30 basis points. The $117 monthly savings is based on a $467.7K home with 3.5% down. For breaking news in the real estate market […]
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Maji's Market Minute What is the biggest issue facing our market today? I’m Maji Pace Ramos, and in today’s Maji’s Market Minute, we’re going to discuss what I consider to be one of the biggest issues in our current real estate market… the insurance crisis. I mentioned this during a presentation I gave last week that will be on my blog probably next week. Basically the insurance […]
Maji's Market Minute Contesting an appraisal report This week, I’m contesting an appraisal that came in significantly lower than the sales price. Will the seller pay the difference? I don’t know. There were multiple offers on this property. Will my buyer pay the difference? I don’t know that either because there’s also work that needs to be done, but it doesn’t really […]
Maji's Market Minute Homebuyers that bought in the last 2 years have equity! Did you know that 80% of buyers are unsatisfied with the purchase of their homes that they made during the pandemic in the last couple of years? Did you also know that those buyers now have equity in those homes, and it’s the perfect time to upgrade to their dream home? If you are unsatisfied […]
Maji's Market Minute Best buyer’s market we’ve had in years! Happy New Year! 🎇 Hope you all had a peaceful and wonderful holiday season. I’ve been very, very busy. On my way to the Christmas Eve celebration with the family, I was negotiating a seller credit for my buyer, actually, right up until I got to my cousin’s house. I was a little bit late […]
Maji's Market Minute My Superpowers is knowing how to read people during negotiations.. I’m Maji Pace Ramos and I wanted to wish you all a HAPPY HOLIDAY SEASON! I had two deals  go under contract 1 1/2 weeks ago and yes, we are in the middle of the holidays and the real estate market is still going.  It is a little unusual for this time of the year, but it’s […]
Maji's Market Minute Importance of Inspections I’m at an inspection today for one of the two properties that went under contract last week and a few things have come up. Some of it was covered up under paint and renovations. It is very important to do inspections. Click to watch the video Like “Majic” I’ll get it closed. Happy Holidays! Maji […]
Maji's Market Minute Is it a good time to buy? Is it a good time to buy? Boy, is that a question I get every day. Short answer, it really depends on what news you listen to and what you believe. 1. What do you think is going to happen with the mortgage rates? 2. What do you think is going to happen with inventory? […]
Maji's Market Minute Why my design background is so helpful My design background came in handy today as well as my experience with over 12 renovations, advising good friends/buyers how they could attach a carport to the rest of the house and how to move laundry room from the carport to inside the home. Also trying to determine which parts of the house were an […]
Maji's Market Minute Breaking News! Last night, I received a text from a listing agent that my buyer’s offer was not accepted. So, note to all buyers, don’t be fooled by all the crazy and conflicting news that’s out there. THIS IS NOT A BUYER’S MARKET. There are still multiple offers, and all it takes is one other offer to […]
Maji's Market Minute Only in Miami… So I just came back from showing property this afternoon and thank G– these are personal friends, Cuban and also born and raised in Miami so they got it, but anybody else probably not so much. It’s not that uncommon for Latin buyers, especially younger buyers to bring the entire family to look at a […]
Maji's Market Minute Interesting Inventory Trend this week Interesting trend… I have seen an increase in inventory in the last couple of weeks, which is very atypical for this time of the year. Actually, my predictions were that we were going to see a substantial increase in the first quarter of next year. If you’re a BUYER, this would be a good time […]
Maji's Market Minute How to time the market So this video is a few months old but it still holds true because land is a very limited commodity in South Florida. Interesting to see how little has changed. Wanted to do a quick video before my workout. In today’s Maji’s Market minute, we’re going to talk about timing the market or lack thereof. […]