Maji's Market Minute • April 26, 2023

The Three Factors Affecting Home Affordability Today

by Maria Maji Ramos

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.

Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.

1. Mortgage Rates
While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now (see graph below):

As the graph shows, mortgage rates have experienced some volatility during that time. And even a small change in mortgage rates impacts your purchasing power. That’s why it’s so important to lean on your team of real estate professionals for expert advice to stay up to date on what’s happening in the market. While it’s hard to project where mortgage rates will go from here, many experts agree they’ll likely continue to remain around 6%-7% in the immediate future.

2. Home Prices
Over the past few years, home prices appreciated rapidly as the record-low mortgage rates we saw during the pandemic led to a surge in buyer demand. The heightened buyer demand happened while the supply of homes for sale was at record lows, and that imbalance put upward pressure on home prices. However, today’s higher mortgage rates have slowed down price appreciation.

And, the truth is, home price appreciation varies by market. Some areas are seeing slight declines while others have prices that are climbing. As Selma Hepp, Chief Economist at CoreLogic, explains:

“The divergence in home price changes across the U.S. reflects a tale of two housing markets. Declines in the West are due to the tech industry slowdown and a severe lack of affordability after decades of undersupply. The consistent gains in the Southeast and South reflect strong job markets, in-migration patterns, and relative affordability due to new home construction.”
To find out what’s happening with prices in your local market, reach out to a trusted real estate agent.

3. Wages
The most positive factor in affordability right now is rising income. The graph below uses data from the Bureau of Labor Statistics (BLS) to show how wages have grown over time:

Higher wages improve affordability because they reduce the percentage of your income it takes to pay your mortgage since you don’t have to put as much of your paycheck toward your monthly housing cost.

Home affordability comes down to a combination of rates, prices, and wages. If you have questions or want to learn more, reach out to a real estate professional who can explain what’s happening locally and how these factors work together.

Bottom Line
If you’re planning to buy a home, knowing the key factors that impact affordability is important so you can make an informed decision. To stay up to date on the latest on each, let’s connect today.

Like “Majic” I’ll get it CLOSED!

(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute

#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #homeaffordability

Maji's Market Minute • April 25, 2023

What Are the Experts Saying About the Spring Housing Market?

by Maria Maji Ramos

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now.

Here’s what industry experts are saying right now about the spring housing market and what it means for you:

Selma Hepp, Chief Economist, CoreLogic:
“We see more competition among buyers . . . Housing supply also tends to grow during the spring months. And this is also the time of year when relatively more migration happens, as people graduate and move elsewhere looking for jobs.”

Greg McBride, Chief Financial Analyst, Bankrate:
“I don’t expect big moves in prices in the span of a month, but like the flower buds of spring, the housing market is showing signs of improvement. A pick up in activity with inventory still low does bode well for home prices.”

Rick Sharga, Founder and CEO, CJ Patrick Company:
“If you can find a home you love and can afford at today’s prices, don’t wait. Home prices in most of the country are unlikely to crash, and mortgage rates will only come down very gradually if they decline at all this year.”

Jeff Tucker, Senior Economist, Zillow:
“The market is still much friendlier this spring for buyers who can overcome affordability hurdles, but buyers are going to see more competition than they might expect because there are not many homes on the market to go around. New listings are increasing, which they almost always do this time of year, but not nearly as quickly as usual.”

Bottom Line

If you’re thinking about selling your house, this spring’s a great time to do so while inventory is still so low. And if you’re in a good position to buy, lean on your team of expert advisors for the best advice. Whatever your plans, let’s connect to make sure you’re able to navigate the spring housing market with confidence.

Like “Majic” I’ll get it CLOSED!

(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute

Maji's Market Minute • April 24, 2023

The Power of Pre-Approval

by Maria Maji Ramos

The Power of Pre-Approval
If you’re buying a home this spring, today’s housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination to find the right house and act quickly when you go to put in an offer. One thing you can do to help you prepare is to get pre-approved.

To understand why it’s such an important step, you need to know what pre-approval is. As part of the process, a lender looks at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you understand how much money you can borrow.

Freddie Mac explains it like this:

“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”

Basically, pre-approval gives you critical information about the home-buying process that’ll help you understand how much you may be able to borrow so you have a stronger grasp of your options. And with higher mortgage rates impacting affordability for many buyers today, a solid understanding of your numbers is even more important.

Pre-Approval Helps Show You’re a Serious Buyer
That’s not the only thing pre-approval can do. Another added benefit is it can help a seller feel more confident in your offer because it shows you’re serious about buying their house. And, with sellers seeing a slight increase in the number of offers again this spring, making a strong offer when you find the perfect house is key.

As a recent article from the Wall Street Journal (WSJ) says:

“If you plan to use a mortgage for your home purchase, preapproval should be among the first steps in your search process. Not only can getting preapproved help you zero in on the right price range, but it can give you a leg up on other buyers, too.”

Bottom Line
Getting pre-approved is an important first step when you’re buying a home. It lets you know what you can borrow for your loan and shows sellers you’re serious. Connect with a local real estate professional and a trusted lender so you have the tools you need to purchase a home in today’s market.

Like “Majic” I’ll get it CLOSED!

(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute

Maji's Market Minute • April 21, 2023

Earth Day 2023 Deals! Courtesy of CNET

by Maria Maji Ramos

Earth Day 2023 Deals! Courtesy of CNET

Like “Majic” I’ll get it CLOSED!

(Maji) Maria Ramos Real Estate Advisor P.A

305-519-7940 | maji@majisold.com

Coldwell Banker Realty

• Miami Realtor since 1993

• 2nd Generation Realtor

• Expert Negotiator

• Market Trends Expert

• Miami native

• Bilingual – English & Spanish

• About me: https://linktr.ee/majisold

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog

~ YouTube channel: https://bit.ly/MajisMarketMinute

Maji's Market Minute • April 20, 2023

Falling out of Love with Your House? It May Be Time To Move.

by Maria Maji Ramos

Falling out of Love with Your House? It May Be Time To Move.

Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.

According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current house for ten years. If you’ve been in your home for a while, think about how much in your life has changed since you moved in. Even if you thought it would be your forever home when you bought it, it doesn’t have to be. Work with a local real estate agent to explore all your options in today’s market before settling for your current home.

That’s actually what a lot of homeowners are doing right now. A recent survey from Realtor.com finds that, of people who are considering selling in 2023, one in three are thinking about moving because their home no longer meets their needs. And according to the same report from NAR, that’s consistent with this year’s top reasons for selling, which include:

Want to move closer to friends or family
Moving due to retirement
Home is too small or too large
Change in family situation
Job relocation

If things in your life have changed, it may be time to make a move. And there’s good news: it’s still a great time to sell. Here’s why.

We’re in a strong sellers’ market. That means homes listed at market value and in good condition are getting attention from buyers and selling quickly. Lean on your expert real estate advisor for the best advice on getting your house ready to sell.

Your equity can power your next move. There’s a good chance you have a significant amount of equity right now thanks to record levels of price appreciation in recent years. When you sell, you can use that equity to help afford your next home. In fact, NAR’s report from above shows 38% of recent buyers used the money from the sale of their previous home to cover the down payment on their next one. Work with a local real estate agent to learn how much equity you have and what you can do with it in today’s housing market.

Bottom Line
If your home no longer meets your needs, consider selling it so you can find your dream home. Let’s connect so you can learn about your options.

Like “Majic” I’ll get it CLOSED!

(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute

Maji's Market Minute • April 18, 2023

5 Reasons Millennials Are Buying Homes

by Maria Maji Ramos

5 Reasons Millennials Are Buying Homes

In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to become a homeowner. Here’s why other millennials have made that decision (see graph below):

This graph shows why millennials are buying homes according to Zonda’s 6th annual millennial survey. The top reasons include building equity, a change in life stage, wanting stability, rising home values, and wanting to make somewhere truly their own. Here’s a look at each in more detail.

Building equity – Homeownership is a long-term investment that allows you to build wealth, increase your net worth, and become more financially stable. Beyond that, the alternative to owning a home is typically renting. With the way rents have risen so dramatically over time, it may make sense to build your own equity instead of the equity of the person you’re renting from.

A change in life stage – As a millennial, you’re reaching your prime homebuying years. That means you may be at the point where you need more space or a different location.

Stability or settling down – This could mean establishing your career or just generally deciding more concretely what you want your life to look and feel like. As that idea becomes clearer, you may want to establish that lifestyle in a particular place and put down roots.

Rising home values – By purchasing a home, you own an asset that traditionally increases in value over time. That can mean your home will have a higher resale value if you decide to move again.

Wanting to make somewhere “mine” – Owning a home gives a sense of freedom because you can customize it however you want, make updates as you see fit, and be yourself in a place that’s solely your own.

Bottom Line
There are plenty of great reasons why millennials are buying homes today. If you’ve thought about becoming a homeowner and any of these reasons resonate with you too, let’s connect to explore your options.

Like “Majic” I’ll get it CLOSED!

(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute

Maji's Market Minute • April 17, 2023

Think Twice Before Waiting for Lower Home Prices

by Maria Maji Ramos

Think Twice Before Waiting for Lower Home Prices

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.

A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, reports:

“U.S. home prices rose by 0.8% in February . . . indicating that prices in most markets have already bottomed out.”

And the latest data from Black Knight shows the same shift. The graph below compares home price trends in November to those in February:

So, should you keep waiting to buy a home until prices come down? If you factor in what the experts are saying, you probably shouldn’t. The data shows prices are increasing in much of the country, not decreasing. And the latest data from the Home Price Expectation Survey indicates that experts project home prices will rise steadily and return to more normal levels of appreciation after 2023. The best way to understand what home values are doing in your area is to work with a local real estate professional who can give you the latest insights and expert advice.

Bottom Line
If you’re waiting to buy a home until prices come down, you may want to reconsider. Let’s connect to make sure you understand what’s happening in our local housing market.

Like “Majic” I’ll get it CLOSED!

(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute

Maji's Market Minute • April 14, 2023

What Does It Mean to Be in a Sellers’ Market

by Maria Maji Ramos

To explain what a sellers’ market is and why it presents great opportunities for homeowners ready to make a move.

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

~ Maji’s Market Minute Blog on MiamiHomeTrends.com
~ YouTube channel: https://bit.ly/MajisMarketMinute

Maji Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty.

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish

• About me: https://linktr.ee/majisold

Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog

#miami_home_trends #miamihometrends #majismarketminute
#majisold #majipaceramos #miamirealtor
#miamirealestate #majiramos
#miamirealestategent
#homesellinginmiami #miamilistingagent
#majiramosrealestateadvisor
#Miamirealetstatemarket
#miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue

Maji's Market Minute • April 13, 2023

Price Your House Right When You Sell

by Maria Maji Ramos

Price Your House When You Sell

How you price your house will make a big difference to not only your bottom line but to how quickly it could sell. Let’s connect to figure out the ideal price for your house.

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

~ Maji’s Market Minute Blog on MiamiHomeTrends.com
~ YouTube channel: https://bit.ly/MajisMarketMinute

Maji Ramos Real Estate Advisor P.A

305-519-7940 | maji@majisold.com

Coldwell Banker Realty.

• Miami Realtor since 1993

• 2nd Generation Realtor

• Expert Negotiator

• Market Trends Expert

• Miami native

• Bilingual – English & Spanish

• About me: https://linktr.ee/majisold

Maji’s Market Minute Blog on MiamiHomeTrends.com

http://bit.ly/majismarketminute-blog

Maji's Market Minute • April 7, 2023

The Current Housing Shortage Helps Keep Home Prices from Crashing

by Maria Maji Ramos

The Current Housing Shortage Helps Keep Home Prices from Crashing

For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:

Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog

YouTube
https://bit.ly/MajisMarketMinute

Maji Ramos Real Estate Advisor P.A.

Founder of the Maji Sold Team and Maji Green Sustainable Solutions

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish

• About me: https://linktr.ee/majisold

Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog

Maji's Market Minute • April 6, 2023

Will home prices go down?

by Maria Maji Ramos

In today’s Maji’s Market Minute, we are going to discuss what is going on with housing pricing.

We all know that interest rates have gone up substantially and very quickly.

We are in major inflation.

Soooooo…

Why haven’t home prices come down?

Well…that comes down to one simple fact:

Supply and Demand

We do not have enough inventory.

This is not just a localized issue, this is a nationwide issue and I don’t see this changing anytime soon.

If you are looking for a home and you happen to find something, I would jump on it.

Even if predictions are that rates may go down a little bit and maybe pricing will go down a little bit, what good is that if there’s no inventory?

If you are a seller that is thinking about selling and you need to buy, I would seriously get in that game right now.

If you are a buyer looking for a primary residence, I would start looking now because inventory is not going to change anytime soon.

Like “Majic”, I’ll get it closed.

For the latest on the Miami Real Estate market subscribe to my blog:
Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog

YouTube
https://bit.ly/MajisMarketMinute

Maji Ramos Real Estate Advisor P.A.
Founder of the Maji Sold Team and Maji Green Sustainable Solutions

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish

• About me: https://linktr.ee/majisold

#miamirealestatemarket #ismyhomevaluegoingdown #majiramosrealestateadvisorpa

Maji's Market Minute • April 5, 2023

Citizens 14% Increase Rate

by Maria Maji Ramos

Citizen 14% rate increase!

I saw this on the news last Wednesday. I find it very curious this is not more prevalent in our South Florida news. It is in Central and Northern Florida.

For up-to-date info on the Miami Real Estate Market please subscribe to my blog or Youtube channel.

Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog

YouTube
https://bit.ly/MajisMarketMinute

Maji Ramos Real Estate Advisor P.A.

Founder of the Maji Sold Team and Maji Green Sustainable Solutions

• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish

• About me: https://linktr.ee/majisold

#homeownersinsurance #majigreensustainablesolutions #majiramosrealestateadvisorpa
#miami_home_trends #miamihometrends #majismarketminute
#majisold #majipaceramos #miamirealtor
#miamirealestate #majiramos
#miamirealestategent
#homesellinginmiami #miamilistingagent
#majiramosrealestateadvisor
#Miamirealetstatemarket
#miamihomesforsale #miamicondosforsale
#homebuyers #homesellers #homevaluation #whatsmyhomeworth #zillow
#googlemaji #majismiami #citizenrateincrease #citizens #condopolicy

Maji's Market Minute • March 21, 2023

Tune in for breaking news on all things real estate..

by Maria Maji Ramos

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 you want to keep your pulse on this crazy rollercoaster of a market, follow my blog.

Maji’s Market Minute on miamihometrends.com

http://bit.ly/majismarketminute-blog

Like “Majic” I’ll get it closed.

Maji Ramos Real Estate Advisor P.A.

Founder of the Maji Sold Team and Maji Green Sustainable Solutions

• Miami Realtor since 1993

• 2nd Generation Realtor

• Expert Negotiator

• Market Trends Expert

• Miami native

• Bilingual – English & Spanish

• About me: https://linktr.ee/majisold

#miami_home_trends #miamihometrends #majismarketminute

#majisold #majipaceramos #miamirealtor

#miamirealestate #majiramos

#miamirealestategent

#homesellinginmiami #miamilistingagent

#majiramosrealestateadvisor

#Miamirealetstatemarket

#miamihomesforsale #miamicondosforsale

#homebuyers #homesellers #homevaluation #whatsmyhomeworth #zillow

#googlemaji

Maji's Market Minute • March 14, 2023

Florida insurance companies add new requirements to avoid insuring older homes

by Maria Maji Ramos

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 Estate Advisor P.A.

Founder of the Maji Sold Team and Maji Green Sustainable Solutions

• Miami Realtor since 1993

• 2nd Generation Realtor

• Expert Negotiator

• Market Trends Expert

• Miami native

• Bilingual – English & Spanish

• About me: https://linktr.ee/majisold

Maji’s Market Minute Blog on MiamiHomeTrends.com

http://bit.ly/majismarketminute-blog

#miami_home_trends #majismarketminute #majisold #majipaceramos #miamirealtor #miamirealestate #majiramos #miamirealestategent #homesellinginmiami #miamilistingagent #majiramosrealestateadvisor #Miamirealetstatemarket #miamihomesforsale #miamicondosforsale #homebuyers #homesellers #realestatemarketpresentation #majiramosrealestateadvisorPA #isitagoodtimetobuy #isitagoodtimetosell #realestateadvisor #equity #hasmyhomelostvalue #homevalutation #zestimate #zillow #homecalculator #floridainsurancecompanies

Maji's Market Minute • March 13, 2023

Condos: What questions to ask before buying or renting

by Maria Maji Ramos

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 the recent changes with the insurance guidelines, lending guidelines, and building guidelines.

So this is very, very important, especially now.

How do you get this information?

Well, you need to talk to the property management company or the condo association via the condo board. You need to know what questions to ask to get the answers you need.

I know condos. I was a past President of a South FL Condo Board. So if you have any questions or you want some representation when you’re looking to buy a condo, contact me.

Like “Majic” I’ll get it closed.

Maji Ramos Real Estate Advisor P.A.

Founder of the Maji Sold Team and Maji Green Sustainable Solutions

• Miami Realtor since 1993

• 2nd Generation Realtor

• Expert Negotiator

• Market Trends Expert

• Miami native

• Bilingual – English & Spanish

• About me: https://linktr.ee/majisold

Maji’s Market Minute Blog on MiamiHomeTrends.com

http://bit.ly/majismarketminute-blog

#miami_home_trends #majismarketminute #majisold #majipaceramos #miamirealtor #miamirealestate #majiramos #miamirealestategent #homesellinginmiami #miamilistingagent #majiramosrealestateadvisor #Miamirealetstatemarket #miamihomesforsale #miamicondosforsale #homebuyers #homesellers #miamibeachcondosforsale #analyzation #headlines #inventories #listingsgent #absorptionrate #miamihometrends #didmyhousegodowninvalue #condos