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6850 Main St
Miami Lakes, FL, 33014
United States

1-305-606-9032

South Florida Realtor Associate with extensive local knowledge, living in South Florida for over 15+ years.

Looking for a new place wether is renting, buying, leasing to own, or buying and investment property in South Florida real estate? You have come to the right place. I will help you find the perfect real estate property from new construction, single family homes, apartments, town-homes, lofts, condos, and pre-construction developments that will fit your needs in a hassle free process.
Jose Azuaje is very familiar with the areas of Miami-Dade, Broward, and West Palm Beach. 
Looking for a property outside the USA? I can also help you find your dream home anywhere in the world with my extensive network of international brokers.

My goal is to attend to my client's needs in every step of the real estate transaction. Nacido en Venezuela hablo español.
 

Blog

Welcome to my blog, here you can find different articles from how the housing market is doing, to other types of tips relating to the real estate industry.

I also like to feature different developments that are being built or will be built around South Florida. For more detail information on these amazing developments follow the links on the blog articles, or click on New Construction on the top navigation bar of this site.

I also like to read your comments, and if you stumble upon an article you think will be valuable to someone you know please share it, or like it using the buttons at the end of the articles.

Thank you for visiting my blog.

Sincerely,

Jose Azuaje

 

The 5 Top Reasons For Buying A Home

Jose Azuaje

 Top 5 Reasons To Buy A Home

Realtor.com conducted a survey on what currently pushes people to buy homes in 2015. Below is a list of the main drivers in today's home-buying decisions.

1."I'm tired of my house" 
This reason topped the charts, the average time in a home has risen since the last recession as more owners have found themselves underwater and faced price declines from 2007 to 2011. After four years of above-average price appreciation, confidence in the market has returned, and together with all time low interest rates give the buyers that added confidence to get into their new home.

2. Interest rates are attractive
The average 30-year fixed-rate mortgage reached a low in January at 3.63 percent and continues to average under 4 percent. That's a big discount compared to the average monthly 30-year fixed conforming rate since 1971, which was 8.39 percent. Such a big difference in rates leaves no doubt that interest rates will remain favorable for many months ahead.

3. Home prices are favorable
Today home prices are still about 20 percent beneath the peak at the height of the housing bubble. Even though the price motivation has decrease from 2012, it still remains one of the top triggers.

4. "I've got more money to spend"
Active homebuyers say an increase in income is their primary trigger for buying a home now, reported a 24% of the buyers surveyed by Realtor.com

5. A change in family circumstances
A change in family circumstance was the main reason of buying a home that was represented by 18% of the buyers of the Realtor.com survey. More people are expanding their families: Births rose last year and are expected to grow again this year as well.
 

The Mansions - Doral

Jose Azuaje

The city of Doral Florida will soon be welcoming its news addition, The Mansions

This amazing enclave of only 66 luxury residents will be like no others. The Mansions 66 families will have a different array of options letting their families really built their own one of a kind Mansion.

The developers with do this by offering The Mansions residents fully customizable floor plans, you can start your journey by choosing one of the 35 floor plans available with a 100 options.

The Mansions are not only beautiful, but smart as well; many functions can be activated by iPads or other personal devices. For a more detail list of functions see my complete Mansions write up, along with more pictures.

Customization by appointment only, to schedule your visit contact me at any time.

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Botaniko - Weston

Jose Azuaje

Getting home to your own little forest, yes that is one of the adequate descriptions for the spectacular Botaniko Weston. 

A very tastefully done luxury community being develop by the Terra Group, its lucky residences will be emerged into natural greenery with lakes, miles of private walking, jogging, and biking trails that intertwine with the perfectly manicured landscaping.

Botaniko will be located on a portion of the Bonaventure golf course in the city of Weston Florida.

Arriving to your home that emerging feeling will not stop, it will only flourish; the size of the lots at Botaniko will be astonishing, up to 26,000 square feet. 
The homes themselves are simply amazing, Botaniko Weston will have a beautiful collection of 10 different floor plans that can sure meet the most sophisticated needs, 5 will be designed by architect Chad Oppenheim, and 5 by architect Roney J. Mateu.

For a complete breakdown of all floor plans and renderings see my complete article of Botaniko Weston here.

Unlike anything else! There is absolutely nothing like Botaniko currently in the city of Weston, which has practically reached its limits as far as residential real estate construction; this is most likely the last chance to own new construction real estate on this amazing city.

The true meaning of saving the best for last, Botaniko by the Terra Group will give a magnificent closing to residential construction in the city of Weston Florida.

Any questions about this marvelous development, or to reserve your lot do not hesitate to contact me.
 

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Rent To Own? Yes!

Jose Azuaje

RentToOwn

A new program through Home Partners of America allows future buyers to lease a home with the option to buy later at a predetermined price.

This is great news for future buyers that need to fix a couple of things before getting qualify for a mortgage, or need some extra time to save up for a downpayment. It takes out the added pressure of competing with renters and buyers in a red-hot real estate market.

Another great advantage that users of the program offered by Home Partners of America will benefit from is that it removes the process of moving and having to find a new home.

Many home buyers that were hit hard by the housing bust aren't taking advantage of the current economy low interest rates and real estate market because they can't qualify for a mortgage. With some exceptions, Fannie Mae and Freddie Mac, the government agencies that back more than half of all home loans, require a borrower who completed a short sale to wait four years for another federally insured mortgage. A foreclosure requires a seven-year wait.

By 2022, more than 300,000 South Floridians who lost their homes during the bust will have cleared up their financial issues and become eligible to buy again, show reports from RealtyTrac Inc. These buyers should be able to own again, as long as they've rebuilt their finances and secured steady jobs.

To reach those potential owners, Home Partners launched its lease-to-own program in 2012 and moved into South Florida last summer, so far investing $18 million in purchasing 58 homes. Residents can qualify for the program by proving they have sufficient income and no excessive debts.

Next, the new potential owners will choose real estate agent of their choice to help them find their new home. Home Partners negotiates with the seller, paying cash in hopes of securing the deal.

Once the sale has been completed, Home Partners may even repaint or make other minor cosmetic changes to the property. The tenant moves in and rents the home but is under no obligation to renew the lease or to buy the property.

So what if the prospective owner wishes to buy the home? The new resident can buy the home at any time by paying 5% above Home Partners' total acquisition costs, including renovations. Home Partners is not a lender so the buyer will have to obtain their own financing in order the purchase the property.

If the new resident just wishes to rent the own until they are ready to buy years down the road, the rent will increase annually at 3.75%

This program provides rent and purchase price security that is added piece of mind on this market.

Is The Current Generation Taking Longer To Buy Their First Home?

Jose Azuaje

ThinkingOfBuyingAHome

The short answer is yes. Currently Generation Y or Millennials (people ranging from birth years 1980 to 2000) are currently taking longer to dive into their first home purchase than their predecessors. 

The average age for a first time home buyer now days is 33 years old, which is on the upper edge of the Generation Y population. The previous generation had an average age of 3 years younger when they first bought a home.

So why is this happening to Generation Y? Below are a few of the reasons:

  • The average first time home buyer now rents for 6 years prior to buying a home, up by 2.6 years for the 1970s.
  • Rents keeps raising making hard for them to save up a down payment, and get qualified for a mortgage.
  • They are facing adulthood from marriage, children, to a stable career later on in their life.
  • House prices and income ratio, their purchase price is now substantially more, relative to their income, than it was decades ago. First-time buyers are paying a median price of $140,238 nearly 2.6 times their income. In the early 1970s, the starter home was just 1.7 times income.

All of these reasons show why home ownership among the United States population have declined, the amount of people in the United States population that owns their own home is at a all time low in 48 years.

Generation Y (Millennials) are still very interested in buying a house, but are delaying that decision to later years on their life as they mature into adulthood. A great opportunity for them is having some of the lowest interest rates in history, so hopefully we will start seeing a raise on the amount of home ownership amount this group.

Gale - Ft.Lauderdale

Jose Azuaje

Gale Boutique Hotel and Residences now on pre-construction will be filling the Ft.Lauderdale Beach skyline in early 2017.

Some of the benefits to the owners of these residences besides the prestige of the Gale brand will be the modern style and a restored vintage architecture, plus being able to share many of the Gale Hotel amenities like Room Service among many, right on your own private residence.

Newgard Development Group will be developing the 12 story tower that will be composed of 128 private residences with many resident only features, like their own pool and lobby.

Gale will have 13 floor plans to choose from so there will sure be one to fit anyones needs.
The Gale Hotel part of the development will have 96 boutique-style hotel rooms and suites that will be managed by Menin Hospitality Group, this is the same group behind the Gale South Beach Hotel.

Gale Boutique Hotel and Residences Ft.Lauderdale will provide its owners tremendous flexibility like offering a rental program option. Owners who wish to rent their units while they are not using it, will be able to rent it out. Gale will manage the entire process.

For more complete detailed information including:

  • Building and residences features.
  • Floor and site plans.
  • Amenities.
  • More Pictures.
  • Pre-controcution pricing.

Click anywhere on Gale or follow the link below

Gale Ft.Lauderdale
 

Have any questions regarding any of the units at Gale Ft.Lauderdale, or to reserve your beach property do not hesitate to contact me.

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Florida Housing Prices Continue To Climb

Jose Azuaje

Florida real estate prices continue to climb steadily, reports the Florida Realtors Association. All while we face tighter and tighter inventory levels.

According to the Florida Realtor Association on July 2015 there was only around 4.5 months supply on single family homes, while town houses had a little bigger supply at 5.3 months. This information reiterates what we already know (we are in a seller's market) A balanced market would be considered at around a 6 month supply for buyers and sellers, on single family homes and town houses.

Freddie Mac reveals that interest rates for a 30-year fixed-rate mortgage averaged 4.05% in July 2015, representing a drop down from the 4.13% average recorded earlier on the previous year July 2014. Buyers are certainly taking advantage of these lower interest rates; it reflects on the number of closed sales Florida continues to experience.

Florida closed sales of existing single-family homes were up 21.8% over July 2014, totaling 26,916 in the month of July 2015. The raise on closed sales was not only noticed on single family homes, but on town homes as well that also showed double digit gains.

The raise on the booming Florida real estate market is not only for closed sales, but new pending sales also showed gains. New pending sales for single-family homes in July went up 6.5% year-over-year, while new townhouse-condo pending sales rose 3.8%.

The Florida Realtors Industry Data and Analysis Department in partnership with local Realtor Boards/Associations revealed that median sales price for single family existing homes on July 2015 was $199,900, that is an increase of 8.1% from the previous year; while town houses numbers for July was $150,000 which is up 9.1% over the previous year figures.

Want to see live graphs on how the South Florida market is behaving? Simple just click on Client Tools/Market Reports on the top navigation bar of this website or follow the link below.

Market Reports

As always, if you have any questions do not hesitate to contact me sending me a message or on social media.

Jose Azuaje