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 Luxury Home Buyers Have Plenty of Buying Opportunities

According to Forbes’ America’s Most Expensive ZIP Codes, South Florida luxury real estate is not faring too badly, compared with states like California.  Granted, California has more expensive ZIPS according to the statistics used by Forbes and almost all of those ZIP codes show a decrease in price, but still, only four South Florida ZIPs […]

Buying, Coral Gables, Key Biscayne, Luxury Real Estate, Market Summary, Miami Beach, 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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Don’t Underestimate the Value of Curb Appeal

In the current real estate market, a lot of attention has been given to staging a home to help it sell.   I am a big fan of staging, but think curb appeal is even more important.  After all, it doesn’t matter how nice your home looks on the inside if buyers drive up, take a […]

Buying, Home Improvement, Investment Real Estate, Selling
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Don't Underestimate the Value of Curb Appeal

In the current real estate market, a lot of attention has been given to staging a home to help it sell.   I am a big fan of staging, but think curb appeal is even more important.  After all, it doesn’t matter how nice your home looks on the inside if buyers drive up, take a […]

Buying, Home Improvement, Investment Real Estate, Selling
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$8000 Homebuyer Tax Credit Set to Expire Soon

The government’s first-time homebuyer tax credit is set to expire on December 1, 2009.  That gives buyers a little over 3 months to: qualify for a mortgage find their home negotiate a contract have inspections done get an appraisal get a financing commitment and close on the house by November 30. Any one of the […]

Buying, 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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Buying Real Estate is a Long-Term Investment

“Long term Miami will outperform the rest of the country.  In 10,20, 30 years, prices will be rising faster in Miami than in the rest of the country,” states Lawrence Yun, Chief Economist of the National Association of Realtors.  The important item in this quote is the time frame. 

Buying, Investment Real Estate
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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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Which Florida Cities Will Rank As Most Expensive in 2009?

Last year, Forbes’ 500 most expensive zip codes list included 11 in Florida, including the number 1 most expensive zip, 33109 in Miami Beach, with a median sales price of $3,850,000!  Miami Beach also ranked #369 with zip code 33154 which had a median home price of $745,900.  The list was based on sales between […]

Buying, Luxury Real Estate, Selling
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