Properties that were in communities near public transportation with frequent routes did 42% better in maintaining their value than those that were not near public transportation.  As real estate sales in Miami continue to rise, neighborhoods near public transportation are some of the areas with the tightest inventories. Many communities, such as Brickell and Coral Gables, have added trolleys […]

Congratulations!  You have purchased or rented your new home.  Now is a busy time with moving, forwarding mail, and starting utilities but  FPL has automated their connection and disconnection for electrical service to make connecting easier.  Properties that have been unoccupied might not have service when you move in, so be sure to get it […]

I work with a lot of international clients who buy and sell real estate in Miami and often recommend they speak to a local attorney and/or CPA to discuss the tax implications of owning property here.  I came across a great article from Bilzin Sumberg Attorneys that addresses tax planning for foreigners buying real estate .

In order to give short sale properties an opportunity to receive “highest and best” offers, new Fannie Mae guidelines state that each new short sale listing must remain active in our MLS system for a minimum of 5 days and must include at least one weekend.  If you are a buyer making an offer on […]

Even though this close to the start  of the school year sales should be slowing down, nothing could be further from reality.  Our EWM office had over $20 million worth of sales this week, which represents a total of 31 sales.   5 of the sales went for the asking price and 3 went above asking. […]

  Congratulations!  You either have the cash, or have been approved for a mortgage, to buy a home or investment property.  Now that you have determined how much you can afford, remember to keep in mind your closing costs, which will run between 3-4% of your purchase price for closings with a mortgage and less […]

In today’s Miami Herald, there was an article about the new Centro Lofts that are going up in downtown Miami.  This building will not have a parking garage and will instead opt for a Car2Go, bike racks, and public transportation to get it’s residents around.  I moved from San Francisco and love the idea of […]

As of the time of this post, the Miami real estate market has yet to hit the summer doldrums even though many buyers are taking time off to travel with their out-of-school-children.  This week EWM’s Coral Gables office did over $16 million in sales and last week we did almost $30 million.  Given the lack […]

Many of my clients have been calling me, shocked at how rapidly home prices have risen over the last year and questioning whether the South Florida real estate market is entering a new bubble.  Although this graph confirms that prices have gone up, we are a long way off from the peak.  Given that we […]

You know what they say about real estate, location, location, location, and boy does 1542 Drexel Avenue #205  have it.  Location:  2 blocks from Lincoln Road.  Location:  1 block from Espanola.  Location: 3 blocks to the Ocean.  In the heart of Miami Beach, yet on a quiet, low traffic street, this fully furnished unit is […]