Thank you Keller Williams Realty Premier Properties for inviting our company Kirilauscas & Associates Realty to this event!
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Dirt Cheap Money Fueling Home Prices?
What’s fueling real estate prices? Among many factors, interest rates (or the cost to borrow money). Going back to the late 80s when 30 year mortgage rates where over 15%, fast forward now to 2017, good credit and good credentials will get you about 4%.
Think about the impact that has on, say, on a $500,000 mortgage. At 15% interest rate you are looking at a monthly mortgage payment of just under $8,000! Compute that $500,000 loan at 4%, you are down to $2,500 bucks a month. Huge impact. HUGE!
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Home Prices Up, But So Is Inventory
I wanted to share with you the latest (downloadable) Miami Dade Single Family Real Estate Stats and give you an opinion of how these numbers are affecting your home value. Long story short…
- The rate of sold properties (volume) is flat
- Prices keep going up
- And available inventory is increasing
What does this mean to you? The value of your home will continue to appreciate. However, if you know someone that’s thinking about selling, picking the right price and marketing strategy is more crucial than ever given the fact that available inventory (competition) is increasing.
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Mastermind Agent Event 2017
Mastermind 2017 group invitation was led by several top producing agents from the Miami Dade and Broward Counties. Some of the topics of conversation involved lead generation, lead conversion, and client service practices. Enjoy the video!
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8440 SW 114 ST MIAMI FL $1,399,500
Get Your Home Value or Call (305) 305-1535
REBUILT in 2009. Completely surrounded by million dollar homes. Locals only traffic due its unique location. Approximately 1-acre lot with manicured vegetation. New roof. Hurricane impact windows. Marble flooring underneath vaulted ceilings. Two master bedrooms. Updated kitchen with wood cabinetry and stainless steel appliances. Coral tiling underneath expansive covered patio. Extra large pool with hot-tub. Three new AC units. New plumbing. New electrical wiring and panel. Updated bathrooms. Gated entry.
- Transaction Type: Seller representation
- Short sale or foreclosure: no / no
- Type of property: single family
- Living and lot size (sqft): 6,911 / 39,901
- Year built: 1986 and rebuilt in 2009
- Beds, full baths, half baths: 6 / 4 / 1
- Garage: 2
- Water front or access: no / no
- Exterior walls and roof: CBS / shingles
- Floor / pool: marble / yes
- Heating and cooling: central / central
- sewer: well and city
Local Schools:
Location:
March 1st Deadline For First Time Home Owners
Miami Dade Homestead Exemption
Bought a home last year? You got till March 1st to file for homestead exemption. Not a homeowner or know someone who purchased a property? Share this post today!
Mario Avalos 