In The Roads Miami Properties

08/05/2024

IT'S TRIM NOTICE TIME!
How I Can Assist My Clients
As summer winds down, TRIM notices start arriving in mailboxes, informing property owners of proposed tax rates for the upcoming year. As real estate professionals, our role in guiding clients through the TRIM notice process can be invaluable. Here’s how I can help you:
Explain the Notice: Break down the components of the TRIM notice for you, ensuring you understand each section, especially the assessed value vs. market value and the proposed tax rates.
Verify Accuracy: Review the notice carefully and check for any discrepancies in the assessed value or exemptions. I can help gather evidence if you decide to file an appeal.
Inform About Deadlines: Make sure you're aware of the public hearing dates and the deadlines for filing appeals. Remind you that timely action is crucial.
Provide Market Insights: Use my market expertise to help you understand how the assessed value compares to current market conditions. This information is essential if you decide to file an appeal.
Advocate for Participation: I encourage all clients to attend public hearings and participate in the local government process. Your input can and often will influence final decisions on tax rates.
And, finally, for owners of commercial or income-producing properties, I offer appeal services where I will represent your appeal with the Tax Appraiser's Special Master for a nominal retainer and contingency fee. I have a 97% success rate with over $750 million in commercial appeals. 💪 Let's DO IT!

04/24/2024

Miami’s peacocks hold undeniable appeal. They’re a photogenic testament to Florida’s eccentric spirit. While they add a splash of unexpected beauty, peacocks aren’t exactly ideal neighbors.

They’re the unofficial mascots of certain Miami neighborhoods, their iridescent plumage and piercing calls a quintessential slice of South Florida flamboyance. Peacocks, in their boisterous, invasive glory, offer a constant…

03/07/2024

Who's looking for Gas Station/C-Stores? Nice deal in Miami!
https://acrobat.adobe.com/id/urn:aaid:sc:US:80a787db-e789-469d-851f-220ffda28ca2

02/23/2024

A bit of the Tao this Friday morning...

“What is born will die, what has been gathered will be dispersed, what has been accumulated will be exhausted, what has been built up will collapse and what has been high will be brought low.”

~ Sogyal Rinpoche, The Tibetan Book of Living and Dying

* Artwork by Andy Goldsworthy

02/16/2024

02/08/2024

AFFORDABLE FULLY-FURNISHED APARTMENT: Well-located, safe, secure, cozy 1/1 apartment. Across from MDCC Little Havana campus. INCLUDES ALL UTILITIES! Annual or seasonal lease from $1,850/mo. RESTRICTED PARKING. Message me to see it.
https://sef.mlsmatrix.com/.../tbr5Zgh9Thf/2628SW2628SW9St

02/08/2024

According to the National Association of Realtors (NAR), Baby Boomers account for over half of all home sellers, signaling a major demographic shift in the real estate market.

Baby Boomers' Influence on the Housing Market: Examining the Impact of this Generation's Dominance in Real Estate Transactions.

02/03/2024

Best rental deal in the area. Walk to MDC Campus, Furnished and all utilities included!

01/31/2024

2 Factors Impacting Mortgage Rates:
If you’re looking to buy a home or investment property, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why?
The answer is complicated because there’s a lot that can influence mortgage rates. Here are just a few of the most impactful factors at play.
Inflation and the Federal Reserve
The Federal Reserve (Fed) doesn’t directly determine mortgage rates. But the Fed does move the Federal Funds Rate up or down in response to what’s happening with inflation, the economy, employment rates, and more. As that happens, mortgage rates tend to respond. Business Insider explains:
“The Federal Reserve slows inflation by raising the federal funds rate, which can indirectly impact mortgages. High inflation and investor expectations of more Fed rate hikes can push mortgage rates up. If investors believe the Fed may cut rates and inflation is decelerating, mortgage rates will typically trend down.”
Over the last couple of years, the Fed raised the Federal Fund Rate to try to fight inflation and, as that happened, mortgage rates jumped up, too. Fortunately, the expert outlook for inflation and mortgage rates is that both should become more favorable over the course of the year. As Danielle Hale, Chief Economist at Realtor.com, says:
“Mortgage rates will continue to ease in 2024 as inflation improves . . .”
There’s even talk the Fed may actually cut the Fed Funds Rate this year because inflation is cooling, even though it’s not yet back to their ideal target.
The 10-Year Treasury Yield
Additionally, mortgage companies look at the 10-Year Treasury Yield to decide how much interest to charge on home loans. If the yield goes up, mortgage rates usually go up, too. The opposite is also true. According to Investopedia:
“One frequently used government bond benchmark to which mortgage lenders often peg their interest rates is the 10-year Treasury bond yield.”
Historically, the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate has been fairly consistent, but that’s not the case recently. That means, there’s room for mortgage rates to come down. So, keeping an eye on which way the treasury yield is trending can give experts an idea of where mortgage rates may head next.
Bottom Line
With the Fed meeting later this week, experts in the industry will be keeping a close watch to see what they decide and what impact it’ll have on the economy. To navigate any mortgage rate changes and their impact on your moving plans, it’s best to have some pros on your side. Message me...