Foreclosures: Are They A Good Deal?

With so many foreclosures on the market today, many buyers think they can get a good deal in a foreclosure.  Sometimes foreclosures are not the best deal.  This apartment was stripped bare, including the entire kitchen, all bathroom fixtures, the doors, baseboards, even the air conditioner was ripped out!  There was no way to do […]

Buying, Foreclosures
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Miami Real Estate – Single Family Homes Market Summary

Below is a quick snap shot of what the real estate market for single family homes looked like in October.  These numbers are derived from the Multiple Listing Service and though they do not include For Sale By Owners and anything not listed on the MLS, they are indicative of what is going on in […]

Buying, Foreclosures, Market Summary, Selling
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Miami Real Estate – Third Quarter Market Update – Single Family Homes

Below is a quick snap shot of what the real estate market looked like after the third quarter.  These numbers are derived from the Multiple Listing Service and though they do not include For Sale By Owners and anything not listed on the MLS, they are indicative of what is going on in our local […]

Buying, Foreclosures, Luxury Real Estate, Market Summary, Selling
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South Florida Real Estate Market: What is Going On?

The following were all topics in the news last week and all of them have an effect on our real estate market: South Florida home sales surge, prices plunge, mortgage rates fall to lowest levels since May, Florida’s unemployment rate is up, Florida foreclosures are up and may be increasing, another condo developer files for […]

Buying, Foreclosures, Investment Real Estate, Selling
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Buying Real Estate Needs to Make Sense

Two sentences in today’s Wall Street Journal article by Brett Arends sums up all of the often conflicting real estate news these days.  “A real-estate purchase needs to make sense on its own terms.  And measure it on cash flow today, not the hope for capital gains tomorrow.” This advice makes sense in any real […]

Buying, Foreclosures, Investment Real Estate, Selling
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Miami Home Prices Continue to Decline, Presenting Buying Opportunities

Although today’s  S&P/Case Schiller Price Home Index  showed a slight 0.5%  increase in home prices between April and May, Miami had a 0.8% decrease.  Nationally, this was the first month to month increase in three years and has many people claiming that the real estate market appears to be stabilizing as price decreases level off. […]

Buying, Foreclosures, Investment Real Estate, Selling
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