Michael Peron's (michaelperon) Blog

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Real Estate Agent - South Florida Home Solutions
RECENT BLOG POSTS
WATERFRONT CONDO AVENTURA2 BEDROOMS AND 2 BATHS 1200 SQ FT.Mystic Point 600 magnificent panoramic view of the ocean, intercostal and Miami amazing skyscrapers! Minutes away from Aventura Mall, top of the line restaurants, shops, and the beaches. Washer and dryer inside the unit. Amazing opportuni...
06/17/2023
There are four basic stages of residential construction including: The foundation stage begins with excavation, footings, foundation walls or slab, waterproofing, backfill, compaction and underground rough plumbing and electricity.  Municipal inspections are done prior to pouring the foundation w...
06/12/2023
An appraisal gap describes the difference between the sales price and the lower amount of the appraisal required by the mortgage being obtained by the buyer.  It becomes an issue if the seller is not willing to lower the price or the buyer is not willing to pay the difference in cash.Looking at t...
06/12/2023
Opening and closing a faucet increases and decreases the water flow, lowering interest rates increases home sales and raising interest rates decreases home sales.When home sales increase during periods of limited inventory, demand increases and prices go up.  Contrarily, when home sales decrease,...
06/12/2023
Nobel Prize recipient, Richard Thaler, in his research into seemingly irrational economic behaviors, "found that consumers generally search too little, get confused while evaluating complex alternatives, and are slow to switch from past choices, even if it costs them." "Why are consumers leaving ...
06/12/2023
Doing nothing may be a lot more costly than doing something.  With rates twice what they were in 2021 and the first half of 2022, many buyers are sitting on the sideline.  For some, it has to do with not being able to afford the home they want at today's mortgage rates and for others, it is not w...
06/12/2023
There are fees and expenses associated with mortgages that must be paid by the closing date for closing costs, and pre-paid items, in addition to the down payment.  These amounts can vary according to the type of loan, mortgage company, customary practices of the area, and the terms of the contac...
06/12/2023
Sales in February 2023 were up 14.5% month over month and still down 22.6% year over year according to the NAR Housing Snapshot.  The median sales price dipped 0.2% to $363,000 and there are 2.6 month's supply of homes on the market compared to 1.7 months a year ago."Inventory levels are still at...
06/12/2023
The housing market in 2021 and part of 2022 was anything but normal.  Mortgage rates were at all time lows and may never reach those levels again.  Double-digit appreciation drove prices to new heights.  Low inventories fueled by high buyer demand made multiple offers a normal expectation.As we l...
06/12/2023
If you've ever been in a Monopoly game after most of the properties have been purchased and developed, it can be a relief to land on Free Parking, knowing the dice must rotate to the next player giving you a respite from paying rent.  Like the game, in real life, it would be nice to avoid paying ...
06/12/2023
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Michael Peron

Michael Peron, Dave Florida Real Estate
local_phone(954) 779-6106
smartphone(754) 204-0069
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