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Enrique Tejera | Extraordinary Homes in Miami and Miami Beach Blog

Thursday, November 3, 2022   /   by Enrique Tejera

7 Tips to Maximize Your Home’s Sale Price

7 Tips to Maximize Your Home’s Sale Price
 
Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled. 1 Consequently, home sellers who enter the market today may need to reset their expectations.
 
The reality is, it’s no longer enough to stick a “for sale” sign in the yard and wait for buyers to bang down the door. If you want to net the most money possible for your property in today’s market, you’ll need an effective game plan and a skilled team of professionals to implement it. 
 
Fortunately, we’ve developed a listing strategy that combines our proven approach to preparation, pricing, and promotion—all designed to help you get top dollar for your home. But you will play an important role in the selling process, as well. 
 
Here are some crucial steps you can take to set yourself up f; ...

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  miami, miami beach, selling a home

Friday, October 7, 2022   /   by Enrique Tejera

Buy Now or Rent Longer? 5 Questions to Answer Before Purchasing Your First Home

Buy Now or Rent Longer? 5 Questions to Answer
Before Purchasing Your First Home
 
Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.  
 
A real estate boom during the pandemic pushed home prices to an all-time high.1 Add higher mortgage rates to the mix, and some would-be buyers are wondering if they should wait to see if prices or rates come down.
 
But is renting a better alternative? Rents have also soared along with inflation – and are likely to continue climbing due to a persistent housing shortage.2 And while homebuyers can lock in a set mortgage payment, renters are at the mercy of these rising costs for the foreseeable future. 
 
So, what's the better choice for you? There&rsqu ...

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  buying a home, miami, miami beach

Monday, September 19, 2022   /   by Enrique Tejera

8 Strategies to Secure a Lower Mortgage Rate

8 Strategies to Secure a Lower Mortgage Rate
 
Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided when it comes to predicting where rates are headed next.1
 
This climate has been unsettling for some homebuyers and sellers. However, with proper planning, you can work toward qualifying for the best mortgage rates available today – and open up the possibility of refinancing at a lower rate in the future.
 
How does a lower mortgage rate save you money? According to Trading Economics, the average new mortgage size in the United States is currently around $410,000.2 Let’s compare a 5.0% versus a 6.0% fixed-interest rate on that amount over a 30-year term. 
 


Mortgage Rate 
(30-year fixed)

Monthly Payment on $410,000 Loan
(excludes taxes, insurance, etc.)

Difference in Monthly Payment

Total Interest ...

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  buying a home

Thursday, April 21, 2022   /   by Enrique Tejera

Hedge Against Inflation With These 3 Real Estate Investment Types

Hedge Against Inflation With These 3 Real Estate Investment Types
 
 
The annual inflation rate in the United States is currently around 7.5%—the highest it has been since 1982.1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you.
 
Economists expect the effects of inflation, like a higher cost of goods, to continue.2 Luckily, an investment in real estate can ease some of the financial strain.
 
Here’s what you need to know about inflation, how it impacts you, and how an investment in real estate can help.
 
 
WHAT IS INFLATION AND HOW DOES IT IMPACT ME?
 
Inflation is a decline in the value of money. When the rate of inflation rises, prices for goods and services go up. Therefore, a dollar buys you a little bit less with every passing day.
 
The consumer price index, or CPI, is a standard measure of inflation. Based on the latest CPI data, p ...

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  miami, miami beach, buying a home

Thursday, February 3, 2022   /   by Enrique Tejera

8 Popular Home Design Features for 2022

8 Popular Home Design Features for 2022
 
There’s a lot to consider when selling your home, from the market and appraisals to where you’ll go next. Don’t forget, however, that design is also a key factor. It’s often one of the first things buyers notice when they walk into a home, and it’s also a detail that you, as a seller, can easily control.
 
According to Realtor.com’s 2022 housing market forecast, home for-sale inventory will increase from last year, as will the projected number of overall sales.1 This means, if you’re looking to sell in the near future, now is the time to consider how you can stand out.
 
Updating your home design is one way to do that. Changes like new security features or upgraded siding can add value to your home now and be highlighted when you market it for sale later. To get the most out of your updates, focus on these popular home design features that will wow buyers in 2022.
 
Keep in/ ...

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  miami, miami beach, buying a home, selling a home

One Sotheby's International Realty
Enrique Tejera, P.A.
119 Washington Ave. Ste 102
Miami Beach, FL 33139
305-814-4686

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