Miami Buying vs. Renting

Miami Buying vs. Renting

 

Miami Renters are Becoming Miami Buyers

(reprinted from CBS News)

After years of price hikes, it appears South Florida’s rental market is entering a new era of decline.  Due to a number of issues, including thousands of new rentals opening in Downtown Miami, the market is dropping. It means good deals for renters, tough times for landlords – and it’s a bizarre turn of events for Miami Beach.  It appears Miami renters are becoming Miami buyers.

In 2012 the average rent was $2,225. Every year it has risen roughly a hundred dollars. But in late 2016, the rental market suddenly becoming flat.

Why so many rentals? During the recession, banks wouldn’t finance condos. Rentals on the other hand were a gold mine. Developers went where the financing was.

Remember all those people who were foreclosed on during the recession and became renters? The restriction for them to get another home loan, roughly 5 to 7 years, is ending.

With this rental market changing, it’s important for renters to consider using a realtor to haggle price. Typically you only see what landlords are asking for in rent. Realtors have access to data that shows what renters are actually paying. It can knock your rent down by as much as $6,000 a year!

Why Work with Mario Quintero

Interested in investing in your future and making a Miami home your permanent residence?  Whether you want to switch from renting to buying for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

Miami home inspections

Miami home inspections

 

Miami Home Inspections

 

One of the new services we are offering under our marketing & listing plan is to pay in advance for Miami home inspections.  This can be referred to as a pre-listing home inspection.  This will be at our expense.   We will review this inspection together with the seller.  In this way, we may take care of many of the small items that can surface as a surprise thereby, reducing the potential for additional price negotiations.

 

A Pre-listing Home Inspection

Here are a few examples of what happened in our most pre-listing home inspection.   This Miami home inspection concluded the following items had issues: termite infestation, grounding of the pool pump,  minor cracks in the cement around the pool deck, adjustments to the electrical panel, a loose connection on the washing machine drain, peeled paint in 2 bathroom, and changing of the ceiling lamps.  The seller chose to give a credit for the termite issue.  The seller corrected the grounding of the pool pump, the minor cracks in the cement around the pool deck,  the adjustments to the electrical panel, the washing machine drain, the peeled paint in the two bathroom walls and changed the ceiling lamps.

The latter changes were critical, since the potential could be financing with FHA or VA.  All of those issues would have delayed the financing process.  Additionally, they really had to be corrected anyway.

As you can see, the seller had their pre-listing home inspection.  The seller is now able to take care of  many of the corrections  and therefore, eliminate potential problems when the future buyer has completed their home inspection.

Our seller was very happy with the results of this pre-listing home inspection.  Moreover, the seller was impressed with our expertise.  We are now ready to sell the home.

 

Why Work with Mario Quintero

Whether you want to buy for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

 

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

 

Drinking and driving

Drinking and driving

 

 

St. Patrick’s Day Safety Precautions

 

Drinking and Driving – A Bad Mix

While St. Patrick’s Day always conjures up images of festive parades along with bar-hopping and beer drinking parties, unfortunately, many forego the safety precautions associated with the same. It’s great to have holidays and reasons to enjoy the festivities. But, it’s equally as important to remember to practice caution and take safety measures while enjoying your activities. Why not be proactive with some St. Patrick’s Day safety precautions?  In other words, avoid drinking and driving.

One alcoholic drink too many could have serious consequences to your life and the life of others. Is it really worth it? Isn’t it easier to hand the keys off to someone else and have them be your designated driver?

If you’re looking for some good and safe fun events to attend this St. Patrick’s Day, have a look here at the Miami New Times keeping you up to date with South Florida’s best activities.

 

Why Work with Mario Quintero

Whether you want to buy for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

 

Paying More Attention

Paying More Attention

 

You Get Out What You Put In

Every so often I get stuck in neutral. I coast along, doing things the same old way I’ve always done them. Then I notice something falling off…the quality of a relationship, the amount of business I’m doing, my health, and so on.  Am I missing something?  Should I be paying more attention to something?  Now there’s a novel thought – paying more attention.

When that happens, I’m reminded of a little story I once read, that I’d like to share with you. It’s from motivational speaker Zig Ziglar who’s telling a story about his friend, Walter Hailey.

The story goes that although Hailey became a star salesman in later life, his early career as an insurance salesman was rough. He endured frustration, anxiety, slammed doors, low sales figures, and uncertainty about his future.

Paying More Attention

One day he grew so discouraged that he went to his boss and told him he was going to quit. His boss’s response? “You can’t.”

Hailey repeated that he was quitting. The manager repeated, “You can’t.”

Angry now, Hailey shouted, “Yes, I can!”

His manager replied, “Walter, you can’t get out of the insurance business because you have never really gotten into the insurance business.”

The words hit Hailey like a ton of bricks. For the first time in his life he realized that you can’t get something out of an endeavor if you never put anything into it. Or as Ziglar says, “There are many people who ‘join’ a sales organization, but never get into the business of selling.”

I’ve taken this to heart, and apply it everywhere in my life with wonderful results, not just in my business. Whenever I’m starting to get results I don’t like, I take it as a sign that I’m losing my focus. It’s a sign to start paying more attention!

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

Daylight Saving Time

Daylight Saving Time

 

Reprinted from Cleveland Clinic

Daylight Saving Time

Daylight Saving Time begins Sunday, March 12, so set your clocks ahead one hour.

The good news is you’ll get an extra hour of daylight. The bad news is you’ll also lose an hour of sleep. Unless you are in Arizona or choose to ignore clocks, you have no choice but to adjust.

 

Facts About Daylight Saving Time

Here are five facts,  And a bonus: it’s Daylight Saving, not Savings.

1. This is the 101st anniversary — sort of.

Daylight Saving Time started in 1908 in Thunder Bay, Canada, to squeeze in an extra hour of daylight. It spread to certain cities in Canada, then to Germany, which in 1916 was the first nation to adopt the idea. The thinking: In wartime, better use of natural light among civilians would save coal for more important uses. England and France joined in that year, too.

The United States followed in 1918, though over the years it tinkered with the idea – repealing it, re-instituting it during energy crises, changing the dates and sowing consternation. If you accept 1916 as the real start, because that’s when entire nations began using Daylight Saving Time, this year marks the 100th anniversary. (Yeah, we quibble with that too, but you’ll see it mentioned in some accounts.)

2. Thank Dubya.

Daylight Saving Time in the United States was extended by four weeks in 2007 – starting on the second Sunday of March and going to the first Sunday of November – as a result of the Energy Policy Act of 2005, signed by President George W. Bush. The intent was to save energy, and the sporting goods and convenience store industries liked it, saying more daylight would be good for business.

The U.S. Conference of Catholic Bishops and orthodox rabbis did not, saying children would have to walk to school or wait for buses in the dark. In fairness, this was a minor part of the bill, which was supported by Ohio’s two U.S. senators at the time, Republicans Mike DeWine and George Voinovich. Opposing it were then-Reps. Sherrod Brown, Stephanie Tubbs Jones, Dennis Kucinich and Marcy Kaptur, all Democrats. They said the bill favored the oil and gas industries too heavily.

3. This is not for the dogs.

Most babies and dogs can’t read clocks. They know when it’s time to wake up, and time to eat, partly because they are creatures of habit and partly because of their internal clocks. Then along comes Sunday and the clock skips ahead – except no one told them.

Experts give the same advice to parents as to dog owners: Make small adjustment over several days. Start waking up 15 minutes early (sorry, since we’re telling you this only two days in advance). Adjust your lights to better match the coming waking-hour (or sleep-time) light.

As Parents magazine says: Take baby steps.

Adjustments for pets may be easier if they are used to waiting for their owners and following their commands. But pet owners still may have certain habits to contend with. Julia Szabo, a pet journalist, gave this advice on the Dogster.com website a couple years ago, and it still applies: Carve out “a few extra minutes in your morning this week to take your pup for an additional outing, just in case it didn’t get around to doing number two. If that still isn’t forthcoming, don’t be surprised if you’re met with a little accident when you return home (and do be nice about it — it’s not the dog’s fault that the clock got reset).”

4. Arizona is full of rebels.

Arizona doesn’t participate in Daylight Saving Time, except for the portion in the Navajo Nation. Why not?

The Arizona Republic, the newspaper in Phoenix, said it perfectly: “The short answer: The last thing Arizona needs to save is daylight. On a July day when the high is 114 degrees, do you really want the sun hanging around until 8:40 p.m.?”

5. So much for energy savings.

With more time for outdoor activity, we use less energy in our homes – or do we?

A study in California reached a similar conclusion. But rather than consider a single state, the U.S. Department of Energy looked at electricity usage nationwide, examining data from 67 utilities. The department considered electricity consumption in industry as well as homes. This led to the conclusion that the four-week extension of Daylight Saving Time from the 2005 legislation shaved 0.5 percent off the nation’s energy usage, according to Scientific American. That doesn’t sound like much, but it’s enough to power 100,000 households for a year. The federal government uses that study to make its point today.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

A Sign of Maturity

A Sign of Maturity

Championship Behavior

Have you ever been in an unfair situation you didn’t like, and didn’t know what to do about it? A good example is when your boss calls you on the carpet for some sort of behavior.  When you try to explain, your boss isn’t interested. Now what do you do? You simmer and stew, right?  A sign of maturity or lack thereof, is what follows.

A Sign of Maturity

Life is full of unfair situations like this. In my opinion, a measure of maturity is how you choose to handle these situations. One method I use to push through life’s unfairness is called Championship Behavior. It’s a concept that has gotten me through many tight spots and funks, spurring me to positive action instead of putting me into a negative cycle of reaction.

Champions push through difficult circumstances to succeed. We can all use that same championship behavior to push through difficult circumstances in our daily lives, whenever a situation seems unfair or challenging. For a teenager, that might be when a friend spreads a bad rumor. To an adult, that might be when a boss calls you out unfairly. For a person walking down the street, that might be getting splashed by a passing car.

Championship Behavior is not about reacting quickly. It’s about reacting correctly. It’s about deciding how to handle challenging situations rather than simmering and stewing. It’s more about the decision than the action. How do you get your boss will hear you? How do you best handle school bullying? What can and can’t be done about a problem you have no control over? Often Championship Behavior takes time to figure out, but once you know what you need to do, you have a greater sense of calm and control.

Why Work with Mario Quintero

Whether you want to buy for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

Among Miami's Top Realtors

Among Miami’s Top Realtors

 

Among Miami’s Top Realtors, Working for You

I spent the last week at the International ReMaxx conference at the Mandalay Bay Hotel in Las Vegas, Nevada.  As being among an elite group of Miami’s Top Realtors, I work for you.  This past week was no exception in engaging with the global elite of one of the top real estate firms to better improve my services for you.

From motivational speakers to taking digital classes, aimed to enhance all I can offer to you, my valued client, I remain true to my commitment to help you in all your real estate needs.  Inasmuch, I can also help with reverse mortgages and all types of mortgage lending, from conventional to FHA to jumbo and even VA loans.  We are your one-stop destination for all things real-estate related in the entire state of Florida.

To learn more on how I can enhance your overall real estate experience, please visit my website at www.stcloans.com.

 

Why Work with Mario Quintero

Whether you want to buy for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

Keep Calm and Carry On

Keep Calm and Carry On

Keep Calm and Carry On

As we march into spring, it seems that everyone gets busier, more frenetic. Like the birds and the bees, we’re inspired to improve our nests and bring home the nectar to our family hives. As the pace picks up, I’m reminded by this story to keep a calm head:
Once a wise man was walking with a few of his followers. They saw a small lake in the distance, and the wise man said to one of his followers, “I am thirsty. Go get me some water from that lake.”

The follower eagerly ran to the lake. But there were people in it, splashing around, making the water cloudy. The follower shouted that a very important man wanted to drink the water and everyone should get out, but no one listened. Feeling ashamed, he returned to the wise man, complaining “The water is too dirty, and no one will listen to me and get out.” The wise man nodded, but said nothing.

After an hour, the wise man asked the same follower to go back to the lake and get him some water. This time the follower found that everyone had left, and the silt had settled down. The water now looked fit to drink, so he brought some to the wise man.

The wise man looked at the water and said, “See what you did to make the water clean? You let it be. Your life force is like the water. When you are frantic and anxious, your spirit becomes cloudy and distasteful. Just let it be. Things will become clearer. It is effortless.”

Why Work with Mario Quintero

Whether you want to buy for the first time, refinance your existing loan or even purchase an investment property, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

Baby Boomer or Millennial?

Baby Boomer or Millennial?

Baby Boomer or Millennial?

 

Are you a baby boomer or millennial?  This year there are more healthy and happy baby boomers over 65 than ever before. At the same time, there are more millennials than ever before, many of whom are well-educated, but paying the price in terms of high student debt.  Because of this, it keeps them living with their boomer parents longer.

Despite their financial and age differences, both these groups want the best for themselves and each other. For that reason, they appreciate the input of family and friends when choosing a product or service. Both prefer an enthusiastic introduction over the thought of working with the unknown.

It’s important you know I skillfully work with first-time home buyers, as well as folks who have bought and sold many homes. The next time you notice someone who would benefit from my help, call or text me immediately. I promise they’ll be delighted you introduced us.

 

Why Work with Mario Quintero

Whether you are a baby boomer or millennial, there are options available to you in terms of real estate. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

 

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

 

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.

 

Miami mortgage broker

Miami mortgage broker

 

Your Credit Score is Important

As a realtor and Miami mortgage broker, I help individuals and families find the perfect home.   I also help them secure mortgage financing.

Per Freddie Mac:

If you’re thinking about buying a home, you need to be aware of your credit score – one of the most important factors when qualifying for a loan. Generally speaking, a higher score can mean a better chance of getting approved for a loan and securing a lower interest rate.

 

What is Your Credit Report?

Your credit report is a record of money you’ve borrowed, your history of paying it back and how much open credit is available to you. Lenders rely heavily on the information in your credit report as it signifies your creditworthiness and the likelihood that you’ll repay your mortgage. Your credit score helps lenders decide how likely you are to repay your debts and plays a significant role when securing a mortgage. Scores range from 300 – 850 points and are based on:

The average credit score is 725. If your score is below 725, you can still get a loan, however you will not have as many options and your rate will be higher. If your score is in the low 600s, we encourage you to reach out to a Housing Counselor today to start rebuilding your credit.

Summing it up:

  • The best mortgage terms are given to those with the strongest credit.
  • You’ll damage your credit if you don’t pay your bills on time and/or keep high credit card balances.
  • You’ll have a hard time securing a loan if you have a credit score below 650.

 

Mario Quintero – Your Miami Mortgage Broker

Regardless of your credit history,  let me help you take a look at your options. I have been in the home mortgage loan business since 2002. Because of this, my experience is tested and true. I have helped thousands of clients like you with their conventional home loan needs.

Let me be both your trusted Miami realtor and Miami mortgage broker. It is my burning desire to build a business based on strong, lasting, lifelong relationships, one person at a time, through confidence and trust. I look forward to hearing from you and I can be contacted via email Mario@stcloans.com.

Get in Touch with Mario

I’m Mario Quintero of STC Loans, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Call me today at 305-598-1600 or contact me here.