Even though several large banks froze their foreclosure process in September, there are still plenty of foreclosures coming on the market in Miami. There are currently 827 single family homes that are listed as REO on the MLS.  423 of them were listed since October 1. There are 1116 condos listed as REO.  640 of […]

Okay, so the Miami Heat have won two in a row after their disappointing loss in Boston.  With so much fanfare around the  team, condos in the immediate area have decided to latch on to the Heat as a way to increase sales in buildings that are currently mostly occupied by renters.  Other than the […]

Not a surprising trend considering the unemployment rate and related decrease in consumer spending.

The new “AS IS” contract has changed to clarify areas that were vague in the previous contract.  These clarifications include, but are not limited to: An itemized list detailing the personal property that Buyer and Seller agree is to be included in the sale.  Note:  if there is a specific light fixture you want, to […]

The new “AS IS” contract has changed to clarify areas that were vague in the previous contract.  These clarifications include, but are not limited to: An itemized list detailing the personal property that Buyer and Seller agree is to be included in the sale.  Note:  if there is a specific light fixture you want, to […]

If you read the papers, listens to the news, or talk to friends, neighbors and acquaintences about the real estate market, you could be very confused as to what is “real” about it. Foreclosures and short sales are still high. Unemployment is still high and actually rose more vs. high and dropping. Inventory is still […]

According to an article in today’s South Florida Business Journal, a report by IHS Global Insight suggests that in grossly overvalued markets, prices dropped an average of 37% from 2005 until the fourth quarter of 2009.  In Miami, prices have fallen 35.8% in that time frame.  The report suggests that for the country as a […]

If you are planning on using the Home Buyers Tax Credit to purchase your home, time is running out.