BRG Newsletter April 7, 2015

Today’s speaker was Eli Ristine. She was born and raised in Miami. Following graduation from St. Brendan’s High School, she earned an Associate Degree from Miami Dade Community College in Business Administration, followed by a Bachelor’s Degree in Fashion Merchandising from Florida International University.

She has been a member of the Realtor Association of Greater Miami and the Beaches since 1990, and before she became president of the Women’s Council of Realtors in 2000, she was the council’s Rising Star of 1998. After her tenure as president, WCR selected Eli as its Person of the Year in 2001. She has been an Officer and Board Member of BRG for the past 10 years and was President of the Business Referral Group in 2006 and 2007. In 1989, Eli joined Pam Florida Realty, which has been in business for 40 years, since her mom opened it in 1973. Eli has been in the business for more than 25 years. In her spare time, she enjoys life with her husband and lovely pets. She loves sports, running with the dogs, boating, fishing, and lobster hunting.

Eli explained the differences between buying a condo or a house. There are many factors to take into consideration when making your decision. If you want to avoid the hazels of home ownership, like yard work, then you may want to consider purchasing a condominium. Aside from location, housing type is one of the most important decisions to make when buying. Homeowners purchase the house and the land underneath while condo owners buy the living space inside of the condo unit and a portion of the common area of the condo building.

Condos in the Brickell area and Miami Beach are very popular today among young professionals. They want to be close to everything within walking distance. They want to socialize close by. Other reasons to buy a condo are size, location, amenities, and limited maintenance responsibilities. However, association fees can be high, and association regulations cumbersome, so do your homework before you buy.

When buying a house, the homeowner is completely responsible for all maintenance inside and outside the property, including caring and upkeep of the yard and trees. Even though any improvements will likely increase the home’s resale value of the house, they require and investment in time and money.

Most buyers qualify for FHA but the majority of the certificates expired in November of 2011. Therefore, there is just one community, maximum two or three, in each zip code in Dade County that qualifies for FHA. Unfortunately, the associations just did not want to do the paperwork to renew their certificates.

Great information! Thanks, Eli!

Mark your calendars for the Baseball Game, and stop at the Cigar Shop on June 25. We will also have our dance get together. More information for both events coming soon.

We had no winner for the jackpot! Keep playing next week! This week’s newsletter winner could be 2, but only if you contact Eli if you are the winner.

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