Maji’s Market Minute

Published by Maji Pace Ramos on November 23, 2022


Published by Maji Pace Ramos on November 22, 2022

Not surprised and I have mentioned this many times before but it is actually here now!

Our big issue is not the interest rates,
it’s not even inflation.. we are facing an inventory shortage and there is very little land left.
This will change homeownership forever unless we act!
-Maji

Thank you Pat Pat Klock Parker for sharing:

Speak to your County Commissioners
Not only will this bring more people and cars into your neighborhood,
your neighbors who take advantage of this will unknowingly lose their homestead exemption which which raise their taxes a lot!

This was not done “in the Sunshine”

Demand a Sunshine meeting after 5 and with full County Commission attendance. Demand it be in person and on Zoom.

This is a critical issue that the public needs to know the pros and cons.


Published by Maji Pace Ramos on November 21, 2022

This street is in the same neighborhood as the video I just posted.
Actually it’s only a few blocks away and I did not want to drive through this and risk damaging my car.
Yet the other street had no flooding.


We had a lot of rain in the last 24 hrs. Yesterday there was four inches of rain in some areas in Miami!

It’s a really good idea to look at properties in the rain and even if you can’t get inside of them, drive the neighborhoods and see which streets are flooding.

For example, I wanted to show you a street that doesn’t flood.

Even though we had oodles of rain, this is the amount of flooding on this particular street.

And when I tell you it’s been raining non stop for the entire day yesterday and it’s going to continue to rain most of this week, you definitely want to look for streets that flood.

You also want to look for elevation. Basically homes that are elevated.

If I were to walk down the block, there are definitely areas that flood here and that’s what you want to look for.

Looking at homes in the rain is a very good idea and if you can get inside of the home during a rainstorm, that’s even better because then you can actually see if there are any active leaks.

I think you get the idea. I do have a couple of other photos of a street that I drove past yesterday in the same neighborhood that was so flooded I couldn’t even drive through the street.

I will be posting that next.

Like “Majic” I’ll get it closed.

Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog:

Published by Maji Pace Ramos on November 21, 2022

Miami Real Estate Records 6th Best Sales Year Ever;

Total Active Listings Rise for First Time Since August 2019!

Like “Majic” I’ll get it closed.

Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog:

Published by Maji Pace Ramos on November 12, 2022

Omg loved this so much had to share.


Published by Maji Pace Ramos on November 12, 2022

Freedom is never free.
With sincere and deep gratitude for the sacrifice and
service of all our active duty, veterans and their families.


Published by Maji Pace Ramos on November 9, 2022

Me playing weather person at 3:00 this afternoon collecting intel for our membership committee to vote on whether we should cancel the meeting tomorrow morning on Key Biscayne.

The weather reports were saying gusts of 25 mph and it really wasn’t that windy at my home and we live close to the bay so I decided to check it out bc I was curious.

Yes I was standing on the seawall at Morningside Park in heels.

Doesn’t everyone do that?


Published by Maji Pace Ramos on November 3, 2022

Inflation refuses to budge.
In September, consumer prices rose by 8.2%. Rent rose by 7.2%.
It’s not in pace with what the landlords and owners are paying out, so they are actually at a loss.
This is at an all-time high in the last 40 years.
If you are struggling to keep up with payments and your rent is not covering your costs as a landlord, please reach out to me.

Like “Majic” I’ll get it closed.

Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog:

Published by Maji Pace Ramos on November 1, 2022

I have been studying our market for most of my life as a 2nd generation Realtor and Miami Realtor since 1993.
Subscribe to Maji’s Market Minute Blog for up-to-date market info from a reliable ethical source looking to educate.
Happy Halloween!

Published by Maji Pace Ramos on October 31, 2022

So important to stay up on the market.
Visiting open houses today in Miami Shores and Biscayne Park.


Published by Maji Pace Ramos on October 29, 2022

PENDING ‼️

6871 SW 50 Ter Miami

3 bdrm/ 2 bath
Offered at $ 3,900

Like “Majic” I’ll get it CLOSED!

Maji Pace Ramos
305-519-7940 | maji@majisold.com
• Full-time Miami Realtor since 1993
• 2nd generation Realtor
• Miami native
• Miami market specialist
• Expert negotiator


Published by Maji Pace Ramos on October 27, 2022

Did you know that equity is the shining star of this market?
This is really what makes this market different from other markets in the past.

The average equity in a home is $300,000.

If you want to buy another property, you can leverage your home and buy using your equity.

Like “Majic” I’ll get it closed.

Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A

• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native

305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on October 21, 2022

There have been reports of dead fish at Morningside Park. If you see anything similar pls take pics and report it asap. This is vital for the health of Biscayne Bay.


Published by Maji Pace Ramos on October 20, 2022

The best hedge against inflation is to control your monthly costs.

Don’t RENT.

BUY.

For your “key🗝” to the “Majic” City,

Please contact me.

Maji Pace Ramos
305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on October 19, 2022

At a walkthrough at Axis on Brickell for my landlord.


Published by Maji Pace Ramos on October 17, 2022


Published by Maji Pace Ramos on October 14, 2022

En esta edición de Maji’s Market Minute, quería discutir lo que está pasando en Colombia.
Hay una propuesta de aumento permanente de impuestos para los ricos.
(personas que ganan más de $643,000 US o 2.7 billion pesos.)
También hay otros impuestos que se están proponiendo.

Para ver el articulo completo, visite: https://bit.ly/3CFIXNu

Si conoces a alguien de otro país que esté interesado en comprar propiedades en Miami por favor déjame saber..

Es importante que trabajen con un agente inmobiliario que entiende las condiciones actuales del mercado en Miami y el proceso de compra y venta de propiedades en Miami para personas internacionales. Es un proceso diferente y requiere un grupo diferente de profesionales.Yo sé cómo trabajar con clientes internacionales, he trabajado con muchos, y tengo un grupo de profesionales espectacular!

Como “Majic” lo cerrare.

Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A.

305-519-7940 | maji@majisold.com
WhatsApp https://wa.me/13055197940

• Agente Inmobiliario de Miami desde 1993
• Agente Inmobiliario de segunda generación
• Especialista en negociación
• Especialista en tendencias de mercado
• Nativo de Miami (Nacido y criado en Miami)
• Bilingüe (Inglés y Español)

Para obtener la información más reciente del mercado, sígueme o suscríbete a:

Maji’s Market Minute Blog https://lnkd.in/eVXdX5E9 |
Facebook @ Maji’s Market Minute | Instagram @Miami_Home_Trends |

YouTube @ Maji’s Market Minute | TikTok @miami_home_trends |


Published by Maji Pace Ramos on October 12, 2022

Colombians Brace for Permanent Wealth Tax Proposal!
In today’s Maji’s Market Minute, I wanted to discuss what is going on in Colombia.
A few months ago, they had an election and now there is a proposed permanent tax increase for the wealthy.
And by wealthy, they’re talking about assets in excess of 670,000 US (that would be the conversion into US dollars). There are also other taxes that are being proposed basically to fund all their social programs.
For the full article please visit: https://bit.ly/3CFIXNu
If you know anyone from another country that is moving to or wants to invest in Miami,
please have them contact me. It’s important that they work with a realtor that understands the international buying process.
It’s a very complicated process and requires a different skill set and a different set of professionals.
I do know how to work with international clients. I’ve worked with many, and I have a stellar international team in place.
Like “Majic” I’ll get it closed.
305-519-7940 | maji@majisold.com
Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native

Published by Maji Pace Ramos on October 7, 2022


Published by Maji Pace Ramos on October 6, 2022

In today’s Maji’s Market Minute, we’re going to discuss Flood Insurance and its importance after Hurricane Ian.

I think we can all agree that was catastrophic and unfortunately, many of those homeowners did not carry Flood Insurance.

Even if you’re not in a flood zone, you really need to carry Flood Insurance. This is of utmost importance. Otherwise, you’re going to have a major issue getting a claim through, especially during a hurricane.

I am going to be discussing other options for Flood Insurance and policies that you can get in addition to FEMA which would be very interesting for most homeowners.

Like “Majic” I’ll get it closed.

For the REAL Market Trends, subscribe to my blog, Maji’s Market Minute.
http://bit.ly/majismarketminute-blog

Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A

• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native

305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on October 5, 2022


Published by Maji Pace Ramos on October 5, 2022

Hysterical! 🎃

Published by Maji Pace Ramos on October 5, 2022


Published by Maji Pace Ramos on September 30, 2022


Published by Maji Pace Ramos on September 29, 2022







Published by Maji Pace Ramos on September 28, 2022

It will be a bumpy ride for some but
gotta say Florida knows how to deal w hurricanes and we have some of the strongest bldg codes in the country.

Few tips from a native and H Andrew survivor that may not have been mentioned on the news.

1. Charge all devices, portable chargers. Including that old tablet you never use.

2. Register on nextdoor. It’s so helpful in times of need.

3. If you are coastal park your car on a higher level or better yet a few blocks inland. This applies to all FL coast.

4. Do not park your car under a tree if you can avoid it.

5. Find a safe room in the house w no windows just in case. (closet, hallway)

6. Do NOT go out during the eye no matter what! It will look very surreal, very still, crystal blue skies but dead silent. (very eery and incredibly dangerous)

7. Do not try to hold a window or door preventing it from blowing in. Just don’t go near windows during the storm.

8. If the house starts contracting and expanding meaning the ceiling bows in and out like it’s breathing this is an er. RUN to the safe room.

9. If you hear freight trains RUN to the safe room.

10. Do not BLOCK gates where transformers are it will only delay getting yout grid back up.

11. Break into that expensive bottle of Tequila or Bourbon. 🥃

12. Have a hurricane and get to know your neighbors party. This is when you need to lean on each other.

13. Don’t panic. I know it’s scary but Florida knows hurricanes.

💪🏼🐊🍻🏝🍸🌴🙏🏻🌳🏡

#Florida #hurricaneian


Published by Maji Pace Ramos on September 28, 2022


Published by Maji Pace Ramos on September 23, 2022


Published by Maji Pace Ramos on September 22, 2022

Welcome to Fall 🍁
from eternally tropical “Majic” Miami! 😎🌴☀️🏝

Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native

305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on September 22, 2022

Just Listed for Rent in South Miami!
6871 SW 50 Terrace | Miami, FL
3 bdrm / 2 baths | LA 2,038 sq ft. | Lot 7,875 sq ft
Offered at $ 4,250 / Month | Partially furnished
• Quiet South Miami neighborhood
• Single story home
• Open floorplan
• Ktchn remodeled in 2017 ( light stone counters, dark wood cabinets & oversized breakfast counter with tons of storage)
• Luxury vinyl plank flooring throughout.
• Split bedroom design
• Private large primary bedroom suite with luxurious bathroom with separate spa tub & shower.
• Ample 2nd and 3rd bedrooms.
• Laundry/utility room under air.
• Relaxing vibe in the backyard retreat with wood deck / bbq area
• Plenty of grassy area.
• Additional storage shed
• Room for boat.
• Water/sewer included in rent.

For more information please contact me.

Maji Pace Ramos, Exclusive Listing Agent
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Degree in Interior Design
• Extensive prior experience- Marketing Director
• Miami native

305-519-7940 | maji@majisold.com
miamihometrends.com


Published by Maji Pace Ramos on September 21, 2022

We are in the midst of a Real Estate misinformation crisis and more importantly
a pending inventory issue which isn’t being discussed!
Maji Pace Ramos
305-519-7940 | maji@majisold.com

Published by Maji Pace Ramos on September 20, 2022

Welcome to my Mega Brokers Open Event!

Despite the pouring rain, we had an excellent turnout!

Visitors included several buyers (including a 2nd showing), neighbors, IG influencers, Realtors and several of my trusted resources including
•Tongelah Parkins with City Permit (Permit Expeditors)
• Ivor Subtopic with Simply Plank (Wood flooring specialist)
• Sheila Kuhl of Grove Gallery and Interiors
• Kyle Haggerty of Ingage (Digital Marketing)
• Matthew Levy with Results Management Group (Business Coach).

Pls contact me for more info on this lovely home or for more info on any of my preferred resources.
https://miamirealestatephotographers.pixieset.com/137ne9…/

For the latest market trends please subscribe to

Maji’s Market Minute Blog https://lnkd.in/eVXdX5E9

With gratitude,
Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native

305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on September 15, 2022


Published by Maji Pace Ramos on September 15, 2022


Published by Maji Pace Ramos on September 14, 2022

I’m Maji Pace Ramos and I’m very excited about my upcoming “Mega Open House” this Sunday, 1:00 – 4:00 PM at my listing in Miami Shores. It’s a stunning Spanish Mediterranean home featuring 4 bdrm/ 4 ba + den | gorgeous pool, large lot, gorgeous l mature oak trees offered at $2,700,000.00.

This is a mega open (It’s a little different than a regular open house), catered (food, beverages, sparkling wine) with a raffle and a networking event with my trusted professionals and vendors including but not limited to a permit expediter, a public adjuster in case you have issues with insurance claims, a lender for all your interest rate questions, social media marketing company, an Interior Designer, a wood flooring specialist, and a home furnishings storefront. These are all my go-to people and they will be able to answer any of your questions. Please visit my Open house. It’s going to be a wonderful event.

Looking forward to seeing you all. And we are going to be raffling a Cutco knife valued at $80.

Like “Majic”. I’ll get it close.

With gratitude,

Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A

• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native

305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on September 13, 2022

Mega Open House!

137 NE 92 St | Miami Shores

Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A

• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native

305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on September 10, 2022


Published by Maji Pace Ramos on September 9, 2022

“Behind the scene blooper alert🤣 with Maji’s Market Minute”

Day in the life of a Miami realtor.

For the latest market info please subscribe to my YouTube Channel @Maji’s Market Minute


Published by Maji Pace Ramos on September 8, 2022

“Crazy statistic on the Miami Real Estate Market”

Everybody seems to be talking about the Real Estate Market and what’s going on.

Is it slowing down?
Is it going to stop?
Is it going to depreciate?

There is definitely a slowdown going on in all of the entire country. However, in Miami, not so much. Per realtor.com, Miami notched up. Miami notched to its highest year-over-year price jump in the entire country.-A 37% uptick over July of 2021.

July of 2021, that was the craziest market we’ve ever seen. So this is what I’m telling you. You have to be very careful when you’re talking about market trends. It’s very area specific. Even within Miami, it’s very specific.

Like “Majic” I’ll get it closed.

For the latest market info please subscribe to my YouTube Channel @Maji’s Market Minute

With gratitude,

Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A

• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native

305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on September 5, 2022


Published by Maji Pace Ramos on September 3, 2022

“Property Taxes Series 2 of 4”

In today’s Maji’s Market Minute we are going to discuss “How to appeal property taxes.”

I did this myself a few years ago on an investment property that I owned. You should have received your Trim notice by now. In my video last week I discussed the importance of reviewing the Trim notice. This video is part 2 of the Property Taxes series.

There are several ways to appeal in addition to using “comparable properties.” Whether you hire a company or attorney to appeal your taxes you want to tune in to make sure they are using all of these techniques. They will make all the difference.

To watch the Full Video please subscribe to my Youtube channel

Maji’s Market Minute https://youtu.be/E-Ms5VlS3pc

Like “Majic” I’ll get it closed!
For the latest market info please follow me or subscribe to:
• Instagram @Miami_Home_Trends
• YouTube @ Maji’s Market Minute
• Maji’s Market Minute Blog https://lnkd.in/eVXdX5E9
With gratitude,
Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native
305-519-7940 | maji@majisold.com

Published by Maji Pace Ramos on September 2, 2022


Published by Maji Pace Ramos on September 1, 2022
New rental listing in the most exciting neighborhood in Miami!

Close to Brickell City Center, fine dining, outstanding roof top bars, ultra trendy nightlife, exclusive shopping & Biscayne Bay.

The Axis on Brickell II

1111 SW 1st Ave #1017-N | Offered at $ 3,800/month 2 bedroom + den / 2 baths | Lg Balcony

Covered Parking Luxurious Amenities Include:

Luxurious Amenities Include:
~ Valet Parking
~ 24 hr security
~ Lavishly designed lobbies
~ 24 hr Front Desk Concierge
~ 2 Resort Style InfinityPools
~ Poolside Cabanas
~ BBQ area
~ 24 hr Large Fitness Center fully equipped with cardio/machines/weights
~ Wellness Center for yoga, Pilates, aerobics, classes
~ Hot tub set in tropical garden
~ Spas with Steam Rooms
~ Flex Rec areas with billiard tables, bar/bistro area with tables & access to full ktchn, Lounge area with sofas and large TV & wifi access
~ Business Center with Wifi access
~ Kids Play Room

Maji Pace Ramos
Maji Ramos Real Estate Advisor, P.A.
305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on August 25, 2022

“Property Taxes Series 1 of 4”

It’s important to review the TRIM notices in case of error.

If you feel your taxes are too high compared to neighboring properties similar to yours you may be able to appeal and lower your taxes. There are also other ways to appeal. I did it 2 years ago on an investment property I owned.

Please subscribe to my YouTube channel Maji’s Market Minute for more info.

https://youtube.com/channel/UCBMpZo8fD6eJlNRgHCzxNbg



Published by Maji Pace Ramos on August 24, 2022

Be careful with sensational sound bites.

For a real honest pulse of the market
Subscribe to my blog : https://lnkd.in/eVXdX5E9
Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native
305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on August 23, 2022
Real Estate and Inflation
I’m Maji Pace Ramos and in today’s Maji’s Market Minute I wanted to discuss real estate and inflation.

Real estate is often used as a hedge against inflation.

Basically, what it will do is it will continue to control your monthly cost if you buy right.

But the trick is BUYING RIGHT.

So if you’re interested in reducing your costs or reducing your expenses from rent, feel free to reach out.

Like “Majic” I’ll get it closed.

For the latest market info please follow me or subscribe to:

• Instagram @Miami_Home_Trends
• YouTube @ Maji’s Market Minute

With gratitude,

Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native

305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on August 23, 2022


Published by Maji Pace Ramos on August 23, 2022


Published by Maji Pace Ramos on August 23, 2022


Published by Maji Pace Ramos on August 22, 2022


Published by Maji Pace Ramos on August 20, 2022

How do global currencies affect Real Estate?
I was watching the finance news this morning on US currencies.
They were discussing the rise of the dollar and how the dollar is not done going up yet.
I think we all know the US dollar is very high right now compared to the rest of the global currencies.
This is great if you want to travel to Europe. It’s probably why we’ve been seeing so many US tourists in Europe this summer.
Not so great if you are a SELLER.
Why is this an issue?
Well, Miami has long been an International mecca. It’s been a safe haven for everybody around the world especially if there’s an issue like what happened in Columbia last month.
But when you have such unfavorable exchange rates, this is a problem for foreign buyers. People from other countries may park their money in the United States however will they invest in real estate right now?
I had a deal years ago that fell apart because of conversion rates. They were Brazilian buyers and their currency took a dive and basically, the deal fell apart. Lesson learned many years ago. Money needs to be stateside in US currency if you’re a foreign buyer, at least in my transactions.
This is one of the many lessons I have learned after a million years in the industry.
I’ve been a realtor since 1993, I really should write a book at some point.
Like “Majic” I’ll get it closed.
For the latest market info please follow me or subscribe to:
• Instagram @Miami_Home_Trends
• YouTube @ Maji’s Market Minute
With gratitude,
Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native
305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on August 19, 2022

Always put my client’s needs first
A few days ago, I posted a story about a client that did not qualify for a HELOC,
(a home equity line of credit) because of an SBA loan. This actually got me to thinking, this is a seller client and they need to buy as well and this is a homesteaded property. So it did have me a little bit concerned.
And although we were pretty far along in the marketing and I was about ready to go live on MLS, I put a stop to it and had a conversation with them and said, look, I really think you need to get pre approved because what if, for whatever bizarre reason, you don’t qualify for a mortgage because of this SBA loan?
We really need to make sure, even if you sell the house that you will qualify because we can’t really run the risk of you being homeless.
And so we put a stop at everything. It’s going to delay everything a little bit because they do need to file one income tax return.
And so here we are.
Not many Realtors would do this.They would probably just run with it, list the property and collect the commission and not worry about it.
But I don’t roll that way.
I put my clients needs first. Always.
Like “Majic” I’ll get it closed.
For the latest market info please follow me or subscribe to:
• Instagram @Miami_Home_Trends
• YouTube @ Maji’s Market Minute
With gratitude,
Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native
305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on August 19, 2022

Published by Maji Pace Ramos on August 18, 2022

Markets are Predictable
Changes in markets are predictable..if you have been in the business long enough and know what to look for.🏠
What is NOT predictable is the timeline ⌚ when things are going to happen. That’s the wild card. 😜
Economists and data people are always looking at charts and numbers📉 📊 📈, but it’s based on historical information, so they’re pretty late to the party. 💃
Realtors on the other hand are boots 👢on the ground on the front line of what’s going on in the market.
A good Realtor 🕴who is active in the current market should be listening 👂to what our clients are saying, both buyers and sellers. And if you know how to identify and understand the information that we’re receiving, we can pretty much determine what’s going to happen…what’s around the bend. 🛣
What we are hearing from our buyers and sellers today is basically going to lead to action because belief systems lead to action and that will ultimately result in changes in our market in the next four to five months.
Like “Majic” I’ll get it closed.
For the latest market info please follow me or subscribe to:
• Instagram @Miami_Home_Trends
• YouTube @ Maji’s Market Minute
With gratitude,
Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native
305-519-7940 | maji@majisold.com


Published by Maji Pace Ramos on August 18, 2022
Published by Maji Pace Ramos on August 18, 2022


Published by Maji Pace Ramos on August 17, 2022

SBA Loans and Mortgage Qualification
So earlier today, I had an interesting conversation with a seller client and they had mentioned that before they had decided to list and sell their property that they had applied for a HELOC, (for those that don’t know that is a Home Equity Line of Credit.) A lot of people are doing that right now which makes perfect sense, but unfortunately they were denied. I thought well, that’s odd, why would they be denied? It’s not that hard to get a HELOC, after all, they are using your home as collateral.
My seller explained the reason that they weren’t approved was because of an SBA loan that they had gotten during COVID, like many business owners. So why would this be an issue?
Well, one obvious reason is that the debt to income ratios would be off because it is a loan. But what was interesting and something I didn’t realize was that SBA loans during COVID are actually in first position. So apparently, if that person or anybody were to file bankruptcy, for example, the first creditor that would be paid would be the SBA loan. So that was obviously going to be an issue for a bank or lender. However when they spoke with another banker, that banker said, well, that’s true, but you can always change the order of the creditors.
If you are trying to get a loan, and you have an SBA loan, just make sure that if you do get denied ask is it because of the SBA loan? Is it because of the order of creditors if I were to file bankruptcy? Why exactly was I denied?
If you have any questions on this topic, feel free to reach out. I have many trusted professional resources. I was born and raised in Miami, and have been a Miami realtor for a bazillion years. So if you need any help, if you need a referral, and obviously if you need help with any real estate related purchases or if you are considering selling a property, please feel free to reach out.
Like “Majic” I’ll get it closed. span>

So I had a closing yesterday and it sold well over list price…actually, over the original list price.
We had a significant price reduction because we wanted to sell with multiple offers
and have a quick sale, which we accomplished.
AND we also were able to get the residents (who are not even the sellers, they are the relatives of the sellers)
to live in the property for as long as they needed to calmly move at no cost to them.
It was sold above appraised value with the buyer paying the difference
between the sales price and the appraised value.
What’s unique about this?
Well, we’ve been seeing a lot of this in the last couple of years in the Covid economy, but not now.
This is a transitional market, so that’s what’s unique about this.
Like “Majic” I’ll get it closed.
Maji Pace Ramos,
Maji Ramos Real Estate Advisor, P.A..
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Specialist
• Miami native
305-519-7940 | maji@majisold.com

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