Friday, March 5, 2021

Venezuelan Community in Miami

 


Arriving in Miami for the first time and hearing Spanish in every corner, one wonders if one is really in the United States, and quickly realizes why this city is considered the Hispanic capital of the country. And when visiting the city of El Doral, in Miami-Dade County, you might think you have entered Caracas, where arepas are sold everywhere and the Venezuelan flag is seen more than the American flag.

 

Venezuelans are the latest unstoppable wave of migration feeding Miami's melting pot of Latino cultures. According to the latest Democratic Vision Foundation study based on U.S. Census Bureau data, there are an estimated 200,000 in South Florida, half of which live all across the country.

 

Most have arrived in the last 10 years, pushed by the crisis of the government of Nicolás Maduro and his predecessor, Hugo Chávez. The number of immigrants went from 164,903 in 2005, to 418,366 in 2017, more than doubling (253%) in just over a decade.

 

"Around 19,000 Venezuelans live in Doral, 28% of the city's population, plus those we don't know about, because they have arrived recently and end up at an aunt's house, a relative, a friend...", says Alfredo Ortega, the Venezuelan head of the mayor's office, in a conversation with EL MUNDO.

 

Ortega highlights the significant increase in the number of his compatriots in recent months, and mentions the efforts made by the mayor's office to help the newcomers. They have given seminars and talks on immigration, and have a network of contacts that offer support, such as churches, state offices, and organizations.

Friday, February 5, 2021

Advantages of relying on the services of a real estate consultant

 


Have you thought about selling or maybe renting your property in Doral?

Many people want to sell or rent their properties in Doral, but they have a hard time figuring out the first step to make this happen. Having the help of a real estate consultant is essential to streamline all processes of buying and selling properties.


Why hire a real estate consultant?

1.    Expedite the buying and selling process

One of the advantages of having a real estate consultant is that he/she can help you in the whole buying and selling process. He/she knows all the procedures, what to do in certain circumstances and, above all, how to act in different scenarios. The real estate consultant is dedicated to your case and helps you in everything you need to expedite the buying and selling process.

2.    He/she offers you his/her experience and knowledge

In addition, real estate advisors have an experience that we do not have. They know the real estate market better than anyone else, they evaluate the type of property you are looking for and offer you the best options in the market.

3.    They manage a database of contacts and properties

Real estate consultants have an excellent database that can work for you when it comes to finding the property you are looking for. Their database contains clients, professional contacts, services, and more. With this database you will be able to get the property you are looking for faster.

4.    They have excellent negotiation skills

All real estate consultants have very good negotiation skills thanks to their experience in this market.

Having a real estate consultant will help you streamline all processes, get the property you are looking for much faster, and best of all, get a good deal, because they will always be protecting your interests. Don't wait any longer, hire your real estate consultant in Doral and get the property you are looking for!


Tuesday, January 5, 2021

What do you need to know for 2021? Some Real Estate Trends for this year

 


After a year complicated by the pandemic, 2021 presents us with many challenges. But how will the housing market perform in the current economic system? Here are some of the trends we believe will be present this year:


Trend No. 1: Few possibilities for homebuyers

There were not enough homes for sale during last year to meet buyer demand. The shortage of inventory means you need to be vigilant when looking for a home, as the best homes are likely to sell quickly.  In November 2020, more than 7 out of 10 homes sold had been on the market for less than a month –they sold very quickly.

If you want to find a good home in this scarce market, we recommend to:

1. Give up a few things you thought were a must-have for your dream home.

2. Broaden your search. Your dream home won't necessarily be in the location you think.

3. Get pre-approved.


Trend No. 2: Home prices continue to rise

In November 2020, existing home prices increased 15% compared to last year, reaching a national average of more than $300,000. If you are going to buy a home in Doral, in such an expensive market, you should consider how much you are willing to spend. Make a budget of what you can afford to spend and what you cannot.

We recommend:

- That your house payment does not imply more than 25% of your monthly salary.

-  To save at least 10-20% down payment.

- To choose a 15-year fixed-rate conventional mortgage.


Trend #3: Online real estate services are on the rise

Have you heard of real estate services like Zillow? These allow you to search or list homes for sale online.

What you do is tell companies like Zillow or Opendoor about the house you want to sell. They buy it from you, inject some money into it to resell it at a higher price, take care of all the paperwork for the house, and then charge you pretty much the same as an agent's commission for selling expenses.


Trend #4: Risky buying options are more affordable

Rent-to-own

First, if you're itching to buy a home but can't afford it yet, some sellers like Divvy offer a rent-to-own agreement.

The downside to rent-to-own is that if you later decide you don't want to buy the house or something breaks the contract, all those payments you made will have been a waste.

Whether you’re selling or buying, you can take advantage of the current trends by partnering with a professional real estate agent.


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