South Florida Real Estate

Four Tips for Creating a Healthy Agency Culture

Start with core values – but importantly, write them down to create a clear guide for the agency’s direction. It also helps keep everyone onboard if you make them short. NEW YORK – To thrive, real estate agencies need to nurture a healthy and prosperous culture. RexMont Real Estate CEO Adriano Tori offers four tips … Read more

4B People Use Email Each Day – Market to Them

The size of an email list mirrors the return on investment. To create positive vibes and build relationships, add a mea culpa email that corrects an earlier mistake. NEW YORK – Real estate agents can keep in touch with clients and contacts, produce leads and build brands through a well-crafted email newsletter – but only … Read more

The 80/20 Rule – Intro to Mortgage Insurance

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Mortgages revolve around a 20% down payment, and buyers who put less down use mortgage insurance to do so – yet many don’t understand what that means. KEY BISCAYNE, Fla. – Mortgage Insurance is one of the most misunderstood topics in real estate. When buyers use financing and their down payment is less than 20% … Read more

Rule-Making Begins on Foreign Buyer Law

Fla. regulators published notices to begin creating rules required under SB 264, the new Fla. law affecting sales to some foreign principals. ORLANDO, Fla. – Two Florida agencies – the Department of Commerce (formerly DEO, the Department of Economic Opportunity) and the Department of Business and Professional Regulation (DBPR) announced plans to propose regulations related … Read more

Why Focus on Radon? It Can Lead to Cancer

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For many buyers, radon is a contract detail or something noted during an inspection. But a large number of buyers don’t know what radon is or what it does. SARASOTA, Fla. – Dear Doctors: Would you please address radon gas? I’ve spent 40 years in real estate sales here in Florida, and while radon is … Read more

HUD Gives $40M Neighborhood Award to Miami-Dade

HUD Secretary says Miami-Dade County shows a “commitment to neighborhood revitalization.” The grant is HUD’s maximum amount for smaller developments. MIAMI – The U.S. Department of Housing and Urban Development (HUD) awarded a $40 million Choice Neighborhoods Implementation (CNI) Grant to Miami-Dade County to redevelop Cutler Manor in the Goulds suburb of Miami (population 10,994). … Read more

FHA 203(k) Loans: What They Are, How They Work

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Most buyers want move-in ready, but they’ll have a wider selection with fixer-uppers, and an FHA 203(k) loan can roll upgrade/repair costs into their first mortgage. NEW YORK – When you buy a home, there are usually a few repairs to pay for. Buyers who want to take on a real fixer-upper might be facing … Read more

Boosting Kids’ Credit Scores? One ‘Tip’ Won’t Help

Some parents name their child an “authorized user” on their credit card, but it would only build credit scores if the child co-signed or had a secured card in their name. VICTORIA, Texas – While many of us had to learn financial literacy from scratch in adulthood – one recent survey found that 31% of families … Read more

5 Out of 25 High-Growth U.S. Metros in Fla.

Checkr – an employee background-check firm – analyzed data to pinpoint the growth metros that would be attractive to employer relocations and job-seeking movers. ORLANDO, Fla. – Boomtowns, in short, are U.S. cities and metro areas attracting the most people – new business as well as movers looking for better jobs – that other areas … Read more

RE Q&A: Who Pays for Common Space Damage?

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In a single-family-home HOA, one homeowner damaged common space. Does that owner pay for repairs or does the HOA – meaning all homeowners – pay? FORT LAUDERDALE, Fla. – Question: We live in a single-family home where our homeowners’ association takes care of some items customarily left for individual owners. The monthly dues cover water, … Read more