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DISCOVER SOUTH FLORIDA
United States
Registrace 29. 10. 2014
This channel is all about living in South Florida, moving to South Florida, and relocating to South Florida, specializing in Palm Beach County & Broward County. 🌴🏖️☀️
To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎
We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, shoot us a text📝, or send us an email📨 so we can help you make a smooth move to South Florida.🕶️🌊
📱Call or Text us: 561-544-7700
📨Email: Larry@DiscoverSouthFlorida.com
Larry Mastropieri South Florida Real Estate Agent BK3252988
To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎
We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, shoot us a text📝, or send us an email📨 so we can help you make a smooth move to South Florida.🕶️🌊
📱Call or Text us: 561-544-7700
📨Email: Larry@DiscoverSouthFlorida.com
Larry Mastropieri South Florida Real Estate Agent BK3252988
How to Get a 4.75% Home Mortgage RIGHT NOW!
How to Get a 4.75% Home Mortgage RIGHT NOW!
In this informative video, Larry Mastropieri, broker/owner of the Mastropieri Group in South Florida, teams up with Emmanuel Saint Germain, owner of Choice Mortgage Group, to discuss a significant topic in the current real estate market. The video begins with Larry introducing himself and Emmanuel, setting the stage by highlighting the current market conditions where sellers are reluctant to sell due to their low interest rates, and buyers are hesitant to buy because of high-interest rates.
Emmanuel introduces a valuable concept called the "temporary buy down," a program that is currently a part of 20% of their business. This program involves a seller-subsidized rate reduction, which Larry confirms they have successfully used in multiple transactions. Emmanuel then dives into a detailed example to explain the concept further.
He starts by outlining a scenario with an $800,000 purchase price and a 5% down payment, resulting in a $760,000 loan amount. With the current standard interest rate at 6.75%, the principal and interest payment would be $4,929 per month. Larry reiterates this point, emphasizing the standard loan rate and its corresponding payment.
Emmanuel then explains the temporary buy down process. Initially, the interest rate is reduced to 4.75%, resulting in a significantly lower monthly payment of $3,964, saving the buyer $965 each month, which totals to $11,580 annually. Larry highlights the substantial annual savings.
Moving on to the second year, the interest rate increases to 5.75%, with a new payment of $4,435, still providing a $494 monthly saving compared to the original payment. Larry acknowledges this as a good deal. By the third year, the loan reverts to the standard 6.75% rate, with the monthly payment returning to $4,929. Emmanuel mentions that to achieve this temporary buy down, a total of $17,508 would need to be negotiated from the seller.
Larry explains that this tool is extremely beneficial in the current market, helping brokers close deals by offering buyers lower payments and aiding sellers in selling their properties without significantly reducing prices. He appreciates Emmanuel's insights and encourages viewers to subscribe to their channel for more content.
The video concludes with Larry thanking Emmanuel for his contribution and reminding viewers to like and subscribe for more informative real estate content.
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⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
🤔Thinking of Moving to South Florida? 😎☀️🏖️
📱 Call or Text: 561-544-7000
📨 Email: Larry@FloridaHomesBocaRaton.com
📅 Zoom: www.discoversouthflorida.com/contact/
⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️
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😎 Our Website: www.discoversouthflorida.com/
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🔎 Our Google Business Profile: goo.gl/maps/1QeWj4RRvvWkbmW79
======
▶Subscribe 👉 bit.ly/3Ti3BtB
======
To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎
We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, shoot us a text📝, or send us an email📨 so we can help you make a smooth move to South Florida. 🕶️🌊
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🏠 MUST WATCH South Florida Videos:
czcams.com/video/eyoDym4TvuM/video.html
czcams.com/video/FqlqrSlPJQg/video.html
czcams.com/video/93Twr3KA2_U/video.html
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00:00 Introduction to Temporary Buy Down Program
00:38 How a Temporary Buy Down Works
1:10 Demonstration of a Temporary Buy Down
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#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket #
In this informative video, Larry Mastropieri, broker/owner of the Mastropieri Group in South Florida, teams up with Emmanuel Saint Germain, owner of Choice Mortgage Group, to discuss a significant topic in the current real estate market. The video begins with Larry introducing himself and Emmanuel, setting the stage by highlighting the current market conditions where sellers are reluctant to sell due to their low interest rates, and buyers are hesitant to buy because of high-interest rates.
Emmanuel introduces a valuable concept called the "temporary buy down," a program that is currently a part of 20% of their business. This program involves a seller-subsidized rate reduction, which Larry confirms they have successfully used in multiple transactions. Emmanuel then dives into a detailed example to explain the concept further.
He starts by outlining a scenario with an $800,000 purchase price and a 5% down payment, resulting in a $760,000 loan amount. With the current standard interest rate at 6.75%, the principal and interest payment would be $4,929 per month. Larry reiterates this point, emphasizing the standard loan rate and its corresponding payment.
Emmanuel then explains the temporary buy down process. Initially, the interest rate is reduced to 4.75%, resulting in a significantly lower monthly payment of $3,964, saving the buyer $965 each month, which totals to $11,580 annually. Larry highlights the substantial annual savings.
Moving on to the second year, the interest rate increases to 5.75%, with a new payment of $4,435, still providing a $494 monthly saving compared to the original payment. Larry acknowledges this as a good deal. By the third year, the loan reverts to the standard 6.75% rate, with the monthly payment returning to $4,929. Emmanuel mentions that to achieve this temporary buy down, a total of $17,508 would need to be negotiated from the seller.
Larry explains that this tool is extremely beneficial in the current market, helping brokers close deals by offering buyers lower payments and aiding sellers in selling their properties without significantly reducing prices. He appreciates Emmanuel's insights and encourages viewers to subscribe to their channel for more content.
The video concludes with Larry thanking Emmanuel for his contribution and reminding viewers to like and subscribe for more informative real estate content.
======
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
🤔Thinking of Moving to South Florida? 😎☀️🏖️
📱 Call or Text: 561-544-7000
📨 Email: Larry@FloridaHomesBocaRaton.com
📅 Zoom: www.discoversouthflorida.com/contact/
⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️
======
😎 Our Website: www.discoversouthflorida.com/
======
🔎 Our Google Business Profile: goo.gl/maps/1QeWj4RRvvWkbmW79
======
▶Subscribe 👉 bit.ly/3Ti3BtB
======
To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎
We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, shoot us a text📝, or send us an email📨 so we can help you make a smooth move to South Florida. 🕶️🌊
======
🏠 MUST WATCH South Florida Videos:
czcams.com/video/eyoDym4TvuM/video.html
czcams.com/video/FqlqrSlPJQg/video.html
czcams.com/video/93Twr3KA2_U/video.html
======
00:00 Introduction to Temporary Buy Down Program
00:38 How a Temporary Buy Down Works
1:10 Demonstration of a Temporary Buy Down
======
#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket #
zhlédnutí: 183
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Biden administration. In a nutshell. Keep voting for the wrong people and this is what you get.
This is huge. This is logical, a good way to lock in a home with good rates. I feel as interest rates come down and hopefully they do, that prices will tick back up. So this a good way to lock in a home at the prices they are today and potentially refinance at a later time. Thank you for sharing
Thanks, this was a great video. Considering Lotus Edge later this year. It would be great to have a video about the upcoming Meravita by Toll brothers.
Appreciate the feedback. That's not a bad idea about Meravita. I'll look into it! Thanks
Aye holes had 3 year notice no sympathy hahahahahaha
Woah, don't be so heartless Harry! 😅
Looks like were and continue to be completely wrong (lying?) here?
It certainly looks that way. I may be due for a follow up on this.
@@DiscoverSouthFlorida I live next-door and I’m looking right at it as I type.. Looking at the south facing side of the hotel it’s less than 10% windows and a mess inside. The structure has been exposed to the elements for now three years so I have to guess there’s also deterioration and things they have to replace and or do work on to pass inspection. Furthermore, looking down at the site behind the fence, it’s like a junkyard. Once every couple of weeks, you hear a handful of workers doing something, but mostly it’s a ghost town. They took a crane down several months ago, two are still erected, but they haven’t been used in years (except for taking that third crane down some months back)
Never buy into an HOA!
A few key bills passed in the state legislature went into effect this month. So I'm hopeful this is going to curb some of the financial issues long-term, among other things.
Thanks for posting! I found this piece very informative.
Glad you liked it!
Dude, buy a bigger jacket.
Done & done.
Awesome analysis
Thank you James!
Increase in luxury home sales and a decrease in non luxury home sales skewed the average sales price. Historical averages of supply are lower than average, but historical averages of demand are at 30 year lows. Thanks for your informative video providing honesty. It’s crazy to see the busiest time of the year for home transactions is actually one of the slowest on record.
Absolutely. The median numbers are so important for added context.
📲We are just a call away! Schedule your call today. www.discoversouthflorida.com/home-valuation/ E M A I L ➳ larry@discoversouthflorida.com CALL ➳ (561) 544-7000.
Is this the home market only? Does it apply to condos?
Yes it does. There's a good chance I'll break down the stats of how single-family houses vs condos may be skewing these market numbers.
Excellent analysis, Larry, as always. Making sense of conflicting indicators takes some serious knowledge and understanding of the market 🙏
Thanks Serge. It can be a lot to break down so I hope it's helpful!
People with more money than sense are still buying here. It's the renters who have thrown their arms in the air and walked off. What that translates to all of you soulless investors, is that those renter-peasants you were depending on exploiting to stay afloat, are basically double flipping you off and you can have your move out clutter put in a dumpster, NOT the curbside...thank you in advance.
That's certainly a theory; and a very visual one at that.
Lol
The median sale prices are very stable in Palm Beach County where I primarily operate so... ☀
Ocean Ridge not Boyton FYI were the ocean front beach pics…
Thanks
Prices need to drop by 50% ..
You mean the HOA fees?
Your CZcams Channel videos are very good
Thank you for the kind words!
The Florida R/E is a diaster. It does not matter at all that Insurance Carriers come into the market if Natural Diasters continue ( hurricanes, floods or fire). Beryl just become the first Cat 4 hurricane in history for June. It is big time gambling so the real question is can you handle the entry fees, on going costs and ultimately the losses?
Mediator at DFS and to learn that $36.2 billion dollars out of $51 billion has gone to Public Adjusters and lawyers who I work with on a weekly basis and ONLY $5.68 billion has gone to Claimant victims in Hurricane, water or flood damage is criminal. I will be raising this with the DFS Hierarchy.
Hey, I am 17 and I'm very interested of becoming a real estate agent. I currently live North Of Boston but in a few years I will love to become a realtor in Boca Raton. When I turn 18 Im going to do a real estate license training for Florida. I graduate high school when Im 19. I know this market right now is not the best for anyone right now. But in 2026 who knows when that will happen. Do you have any advice of becoming a realtor in south Florida?
Mcfascism Inc owns America 🇺🇸- we all aré screwed !
Great video! One of my go-to channels for keeping up to date on the local RE market and Larry does a fantastic job with his clients!
Land grab for condo buildings. I am sure the developers are waiting in the wings to purchase these units for pennies on the dollar. In florida condo owners are receiving 200K assessment fees.
Yeah, those $200,000 special assessments are the fault of the owners because they refuse to maintain their own buildings or keep reserves. Though I guess Florida could just let the buildings collapse on their own. But yes, if you have a building in terrible condition that requires hundreds of thousands of dollars per owner to fix if it’s in a good location then maybe the land is worth something
That is awesome. I guess it is just one of the perks of being a Java Developer.
Condo = all the benefits of renting coupled with the obligations of owning
So apparently don’t understand why people buy condos so you just decided to make something up. If you don’t want one then don’t buy one.
Any updates on what they're going to do?
My searches on condos is showing a 33% decrease this year due to the HOAs. Question is will they continue to go down or should I buy now?
Just say NO to HOAs.
I would rather rent than buy a condo that is within 3 miles of the coastline in Florida.
The problem is these people paying times 3. Insurance for the Building, Insurance for the unit the own, and any assessments for Building/Maintenance Projs.
Condo owners are suffering from delusions.
That just shows you that govt was the problem. Too late in getting in to solve the problem.
Thank you
Couldnt pay me to live in an HOA, Condo
I know...I'd buy a plot of land and put up a tent before I would buy a home in an HOA or a condo of any type.
@@TheHiredGun187Do you have room for my travel trailer?😂
No one’s paying you at 11 anywhere, problem solved
Those politicians are bought buy the insurance ask Desatan and his disciples.
Yes, but when the politicians were owned by the real estate industry, and we’re strangling the insurance industry, you had nothing to say. Insurance is a business if it loses money, it goes out of business. And Florida lead the nation with bankrupt insurance companies. In fact the state of Florida is now the largest insurer in Florida and growing.
Nothing is gonna come down.
🤣
Good luck with that!
insurance will never go down , they will only increase , even if more insurance companies come to florida they work together with politicians to make money , its allways about the money , do not think they are there to help you
I own a home in Florida and recently reviewed the expense of ownership, maintenance and it’s around 9K annually. Insurance is 4K and insurance is paid in the condo fee. You could buy an acre outside of town and put a camper, tent, or live in your car on the land to save money but I’m sorry shelter is just expensive period.
HOAs SUCK!
Very informative!
Thanks Peter
Best info about upcoming condo fee's and rules...Insurance Co are sending out cancellation notices like crazy in Boca, it seems like everyday someone is posting on nextdoor in East Boca...Thanks for keeping us informed, it's appreciated.
Thanks Lynda! This debacle feels unprecedented, for sure.
I am going there at school
Market looks early days of a crash.
Ehh, I won't say that isn't possible. I really think it's stabilizing but we'll see. 😅👍
Great insights! Anything boca, you’ll be first call
That's fine by me. Thanks Rob!
The surface data can be misleading, great points. We are seeing more a move to equilibrium as things cool off. Things seems to be a more neutral and. Stable market.
I agree. Thanks for the feedback!
Great video!
Thanks Peter. Glad you liked it!
Definitely a downgrade from having a lovely waterfront restaurant for everyone to enjoy...sad and huge waster of tax dollars.
To each their own. It's a great spot for families/kids and boat access with Silver Palm Park.
Excellent review of most important and relevant data!!! Great job in presenting!!!
Hope it was helpful!
Great Data ! Great Analysis ! Very helpful for any buyer and or seller / also thanks for the leading indicators that help predict the next 12 months great job love it!
I really appreciate that Jerry!