Real News On Florida Real Estate

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An episode of Real News On Florida Real Estate

By Milton Javier Figueroa
This is Real News on Florida Real Estate with your host Milton Figueroa! I am a Broker Associate with Deconova International Realty in Orlando, and in every episode I bring you news and commentary regarding our market. I discuss what matters in Florida real estate. If you are a buyer, a seller, an investor or real estate professional, this show is for you!
Available on 11 platforms
The Real Estate Market Slowed Down. Will History Repeat Itself?
Is it time to party like it's 1994 or time to worry like it's 2007? Listen for an interesting point of view on the perceived real estate market slowdown.
December 15, 2018 just published its 2019 Housing Forecast. The details are here!
2019 will bring more Millennials to the market, more inventory and slightly less sales. Out of the Top 100 real estate markets, our Lakeland/Winter Haven market shows very a special forecast.
December 1, 2018
Numbers are in! Even in the winter, your home will sell!
Leading up to the winter season, October 2018 showed great results for the Florida real estate market. We also discuss the outlook for the winter sales season and discuss four mistakes that you should not make when listing your Florida home.
November 24, 2018
Listen up! Bad mortgage and real estate advice can harm you!
Be careful who you listen to. Even good advice in the wrong context can be horrible!
November 17, 2018
The Financing Contingency Protects your Investment
The Financing Contingency protects you but it requires good faith and diligence.
November 10, 2018
The Case for Home Ownership as Part of Your Retirement Plan
Today we are having a conversation about how becoming a homeowner helps you when planning for retirement.
November 2, 2018
Interest Rates are in the Fives: Is this Normal?
Interest rates continue to go up. Be patient and execute your real estate strategy.
October 26, 2018
Don't Stare! The Title Company Will Close It For You!
Here are three important roles of the title company in your residential real estate transaction.
October 18, 2018
The Honest Truth About Seller Disclosures in Florida Real Estate
Sellers must disclose material facts that affect the value of the property when selling real estate.
October 13, 2018
Your Buyer skipped town the day before closing. What do you do now?
Nightmare scenario here, when a Buyer refuses to show up at closing. As a Seller, what can you do at that time?
October 9, 2018
Most Americans are optimistic about the real estate market. Renters are uncertain. How about you?
3 out 4 think it's a good time to sell. Most Americans believe that prices will continue to go up. Renters are facing some challenges.
October 5, 2018
Real estate market is changing. Dare to proceed with caution!
Interest rates are up and pending sales are down. What does this mean for you?
September 28, 2018
Credit scores have gone up - here's four reasons why.
The average FICO credit score is now 704. How is yours doing?
September 25, 2018
Multiple offer situation - the Royal Rumble of real estate
Here are some valuable tips on how to deal with a multiple offer situation. It's the survival of the fittest!
September 21, 2018
10 Years after the real estate crisis - where do we go from here?
A powerful CEO gives us his advice, and I add my own ideas on how to avert a new real estate crisis.
September 18, 2018
It's Been 10 Years from Financial Meltdown of 2008 - Lessons and Outlook
The chickens came home to roost, but we survived!
September 14, 2018
The Final Walkthrough - Last Chance To Verify Condition Before You Buy
The final walkthrough is your last opportunity to make sure property is in the condition it was promised to you.
September 11, 2018
11 Not-To-Do things when buying a home
Remove these 11 behaviors from your to-do list when buying a home. You will thank me.
September 7, 2018
This is the best time to buy your new home!
Now that the summer is coming to an end, you may find surprisingly great deals in the real estate market. Here's why.
September 4, 2018
Foreclosure Starts Are Up Again - Here's Why and How to Go About It
The real estate market is doing well, but there is some concern about an increase in foreclosure activity in Florida and other places. ATTOM Data Solutions reported that foreclosure starts increased in 44% of U.S. markets in July 2018. What does this mean for you?
August 31, 2018
First Time Home Buyer Programs - Benefits and Opportunities
In this episode we continue the discussion of First Time Home Buyer programs. We know that these programs can help many families succeed in their quest to purchase a home. Two important items for future homeowners are understanding these programs and adhering to their rules to overcome time considerations.
August 28, 2018
First Time Home Buyer and Down Payment Assistance Programs are great!
There's a first time for everything and great programs for first timers in real estate. Even if you are not a first-timer, you may be treated like one if you have not owned a property in the past few years. Local governments and private entities have developed great programs to help first-time homebuyers with education and money for their down payment.
August 24, 2018
Buying a home? Don't make these costly mistakes!
An expert asked several real estate agents to share their experiences with the biggest mistakes that buyers make. The agents pointed out five big mistakes, which we discuss in the podcast. Making one of those mistakes can be lethal for your homeownership dreams. Be mindful and avoid them!
August 21, 2018
In Real Estate, There's Always Time To Make It Right
Never let your financial past hold you back in your pursuit of homeownership. You may have had financial troubles, and you may not realize it but this may be the right time to pursue the dream of homeownership. In real estate, there's always time to make it right. Listen for an inspirational discussion of second chances and second opportunities to change course.
August 17, 2018
Florida's Housing Market is doing well: what's next?
Statistics are in, and they show that the Florida real estate market is healthy, improving in key areas from a year ago. The latest report from Florida Realtors shows increased sales, higher median prices and more new listings in the second quarter of 2018, all signs of a healthy market. The question is: where do we go from here?
August 14, 2018
What comes first? The house or the ring?
It's a growing trend: For many buyers, putting a ring on a house comes first, and putting a ring on a hand comes later. A report from the National Association of Realtors found that more unmarried couples are putting the ring on the house before they put the ring on the finger.
August 9, 2018
Buying a home can be stressful but... there's a solution for that!
Buying your new home is one of the most important decisions of your lifetime, and of course, it can be stressful. A survey from says that 40% of home buyers think that buying a new home is the most stressful event in modern life. The process may look long and complicated, but there is a great solution for that. Listen, relax, enjoy and own your home today!
August 7, 2018
The cost of renting an apartment went through the roof. It's time to buy a home and build equity! reports that the national average rent for apartment units reached an all-time high of $1,409 in July 2018. The average in Orlando? It went up 7.7% from July 2017 to July 2018 for the largest percentage increase among the most in-demand cities in the country. This is a powerful reason for you to consider purchasing a home sooner rather than later.
August 4, 2018
Housing demand fell in June - what does this mean for you?
A new report from Redfin via CNBC says that housing demand fell 9.6% in June 2018 as compared to June 2017. Reading beyond the headlines, what this means for the market and you? Is this the start of a crisis or the start of a market correction? Hint: I am in the camp that thinks the market is correcting itself so as to remain in a sustainable growth path and to avoid the unaffordability gap.
August 2, 2018
Time is of the essence for your home inspection
You know why it's important to inspect before you buy. Today we discuss when to inspect your home. The timeliness of the home inspection is crucial because most real estate contracts include only a certain time frame to conduct the inspection. If you miss your deadline, you may have to purchase the property with all of its defects or potentially risk losing your earnest money deposit.
July 31, 2018
Buying a home? Do not skip the home inspection! Here's why.
Hiring a home inspector will give you peace of mind when buying a home. This step is not required by lenders, but is necessary to help you understand the true condition of the property you are about to purchase. Here's a discussion of why inspecting your new home is a great investment for you.
July 28, 2018
The home appraisal - why it matters
In today's episode, enjoy a discussion of why the appraisal is so important when buying a home. Hint: it's about the real value and condition of your new home. Another hint: the appraisal is a professional opinion of value goes done by an independent licensed third party.
July 26, 2018
Millennials and homeownership - yes, Millennials are buying!
Millennials are buying homes, but not as early as prior generations. A new report from the Urban Institute looks at the possible reasons and explores homeownership decisions among millennials.
July 24, 2018
Stay within budget, the shark tank can wait!
Size does matter! When buying a home aim for the right size and the right budget, because bigger is not always better. Can't go wrong when buying a home with a 300-gallon shark tank? Well, yes you can. Listen for a fascinating discussion of a story from Tarek El Moussa that reminds us to stay within budget when buying a home. And yes, the Shark Tank can wait.
July 21, 2018
Real Estate Investors: Are Foreclosures Dead?
Foreclosure rates are down nationwide - 78% from their peak, 15% from last year - and Florida is no exception. With an improving economy, distress sales are a smaller part of the market. However, there is still opportunity for real estate investors thanks to better financing options.
July 19, 2018
It takes 6.5 years to save for a 20% down payment - why wait?
The Bad News... it takes renters an average of 6.5 years to save for a 20% down payment. The Good News... the lending industry has developed excellent loan programs so you don't have to! While bringing 20% down to the closing table will save you some money by avoiding PMI, sometimes it's not worth waiting for a 20% down. With rising home prices, delaying your homeownership dreams may be more costly down the road.
July 17, 2018
It makes sense to finance your Airbnb vacation home
Vacation homes are becoming very popular and profitable for investors using the Airbnb model. Owning properties and renting them on a short term basis using Airbnb, VRBO and other platforms can be profitable. There are multiple ways of financing your Airbnb and diversifying your real estate portfolio.
July 14, 2018
Never let your Mortgage be Bigger than your Dreams
In this episode we explore why you can't let your fears about getting a mortgage be bigger than your home ownership dreams. Never be afraid of making the right choice for your family. Never be afraid of a mortgage.
July 12, 2018
Your Equity - It's time to tap that!
Home values have gone up, and as a result, homeowners are now sitting on a proverbial pile of cash of over $5.8 billion. Do you have too much home equity sitting around? Well, it's time to tap that! From home improvements to seed money for further investments, your equity may allow you to create additional wealth. There are excellent loan options to make your hard earned equity work for you!
July 10, 2018
Let's get rid of your PMI
Today we discuss PMI - what it is and how to get rid of it. Remember, PMI is an expense that you pay when you finance over 80% of the value of your home. PMI does not benefit you, but you still pay for it! There are ways to eliminate this cost from your monthly mortgage payment.
July 7, 2018
Orlando is No. 2 Nationwide for gamers!
Fortnite, Clash Royale, Xbox, Nintendo, PlayStation, PokemonGo fans, Orlando is for you! WalletHub compared the 100 largest U.S. cities across 20 key indicators of gamer-friendliness, from average internet speed to video-game stores per capita to number of esports tournaments. And guess what? Orlando is No. 2 nationwide!
July 5, 2018
Declare your Independence (From your landlord and your parents)
Declare your Independence and get ready to own your own home today! If you are a renter, or if you live with your parents, use this Fourth of July Holiday to get inspired about homeownership. Become the Founding Father or Mother of your own destiny! Just remember that it takes time between your Declaration of Independence and the actual purchase event that makes you independent.
July 3, 2018
Show Me The Money!
If you are self-employed you must pay special attention to documenting your income when applying for a mortgage. You may make the money, but if your tax returns and bank statements don't show it, then... it's the same thing as not having it. Can't show it? Can't use it! Also, what matters is the bottom line when considering income. Too many deductions from your gross income can disqualify you from purchasing the home of your dreams.
June 30, 2018
What Happens Between Pre Approval And Closing
One of the most important aspects of the real estate transaction is closing the deal on time. Here's what happens between the time your lender pre-approves you and the closing date. You will also find tips on how to help your loan officer in the quest for a timely closing and 5 major mistakes to avoid between pre-approval and closing.
June 28, 2018
Boomerang Buyers Are Here
Are you a Boomerang Buyer? If you had a bankruptcy, foreclosure, deed in lieu or short sale in the past, you may be ready to come back into the real estate market. You may not have to wait as long as you thought to become a homeowner again. Yes, your new home may be closer than what you think!
June 26, 2018
Top markets for First Time Home Buyers
Zillow reveals that two out of the top five markets for first-time home buyers are in Florida! Out of the Top 5 Markets for First-Time Homebuyers nationwide, Tampa is #1 and Orlando is #4. If you are a First-Time Homebuyer, we should talk! There are plenty of opportunities available for you in Central Florida. Lenders are expanding their offerings to bridge the gap from renting to owning, with new programs that include little or no down payment.
June 23, 2018
Mortgage Applications Are Up - Why It Matters
More people came to the market looking for a mortgage last week. I explain why it matters and why it may be time to consider refinancing your loan. Yes, for some homeowners, it may make sense to refinance! If you are concerned about raising interest rates, it's time to take action amigos!
June 21, 2018
Consumer Confidence Is Up - Why It Matters
A survey conducted by the University of Florida shows that consumer sentiment among Floridians increased again in May and is expected to remain high in months to come. This is great news for homebuyers!
June 19, 2018
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