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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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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Miami FL – Commercial Real Estate is the Next Buyers Market

An Associated Press article last week highlights opportunities in commerical real estate.  Whereas many economists are predicting that the housing market is at or close to bottom, the commercial sector is just starting to see massive defaults.  A skyscraper in New York that was purchased for approximately $50o million in 2006 just sold for $100,000!  […]

Buying, Investment Real Estate
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Buying a Home? Know What You are Looking For

I know it sounds obvious, but knowing what you are looking for isn’t always as simple as it sounds.  Once you are pre-approved for a mortgage, decide what your ideal neighborhood and home would be.  Are schools important or is it more important that you be close to work?  Determine what the “must haves” are.  […]

Buying
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