Navigating the buying process in August 2024 involves understanding recent significant changes, particularly the impact of the National Association of Realtors NAR commission settlement and buyer representation. This landmark decision has reshaped real estate transactions, altering how commissions are structured and buyers engage with agents. I’ve spent countless hours reading documents, watching videos, and using […]
Category Archives: F.A.Q.
Florida Homestead Tax Exemption Reminder
Secure Your Florida Homestead Tax Exemption – Apply by March 1, 2023! Take advantage of the $50,000 Credit for Homeowners. Don’t miss the deadline for your chance to claim valuable property exemptions in Miami! Applying after March 1, 2023, waives the exemption for the current year, requiring you to reapply for the following year. To […]
Discovering Miami’s Best Neighborhoods
Searching through Miami’s best neighborhood can be challenging for those who’ve spent little time in South Florida. Miami is known for its beautiful beaches, vibrant nightlife, and rich cultural heritage. The premier neighborhoods in Miami-Dade County offer residents and visitors an exceptional quality of life with properties to match. In this blog post, we’ll explore […]
F.A.Q.s When Buying Miami Real Estate
Buying real estate in Miami can be a great investment, but there are a few things potential buyers should keep in mind. First, it’s important to have a good understanding of the local market and the different neighborhoods within the city. This will help you find the right property in the right location at the […]
Luxury Residential Statistics for Miami-Dade County 3Q 2022
The 3Q 2022 luxury residential statistics for Miami-Dade County show us a continued appreciation with a significant decrease in total sales. Part of this is due to limited residential inventory and changing market conditions, such as a new buyer’s market (as of 2Q) with higher interest rates, concerns of a recession, and some buyers awaiting […]
Miami’s 10-Year Coastal Area Condo Trends
Miami’s 10-Year coastal area condo trends show us that there may never be a better time to sell at a premium value. Supply is continually falling while demand remains strong. These historic charts end December 2021 however the market has continued in this direction during Q1 2022 as we see in the February blog research. […]
After Surfside, What Should I Know About Condos?
Q&A: After Surfside, What Should I Know About Condos? Shaken by the recent disaster in Surfside, many condo owners wonder what they don’t know but should. A Q&A with specialists and attorneys provides some answers. Many of us live in high-rise buildings in South Florida. And even if we don’t, we have to wonder about […]
Here’s How Covid-19 Impacted Miami’s $1M+ Home Sales in April
Still too early to make a proper assessment on the South Florida real estate market due to Covid-19, the early indicators for homes are what anyone would anticipate after a lockdown. A general sentiment within the brokerage community and a sense we are witnessing here in May with communities slowly reopening is an increased demand […]
Here’s How Covid-19 Impacted Miami’s $1M+ Condo Sales in April
Still too early to make a proper assessment on the South Florida real estate market due to Covid-19, the early indicators for condos are what anyone would anticipate after a lockdown. Adding to these new challenges, the majority of condo buildings do not allow access for non-residents. Looking at the $1m and up property market […]
Florida Vacation Rental Ban Until May
There is a Florida vacation rental ban until May. Florida Gov. Ron DeSantis has extended until April 30 an executive order that suspended rentals of vacation properties because of the COVID-19 pandemic. Late Friday, DeSantis issued an extension of a March 27 executive order slated to last two weeks and end this Friday, April 17. […]
IRS Extends Tax Deadlines 2020/04 Update
The IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of COVID-19. […]
Miami’s Vast Growth In 2019
Miami’s Vast Growth In 2019 is remarkable. Here in Miami, we’ve enjoyed our winning streak. A flurry of top rankings indicates the Magic City’s (and the Sunshine State’s) supremacy in various impressive markers. Can we ride this wave to the end zone of metropolitan royalty? Let’s explore in this month’s “South Florida by the numbers.” […]
Can You Time the Miami Real Estate Market?
Can You Time the Miami Real Estate Market? Buyers and sellers will often drive themselves crazy, contemplating the best time to buy or sell while trying to time the market. Everyone prefers to buy low while selling high during each market cycle (see Summer vs. Winter). However, even the most skilled real estate investors will […]
Miami Beach Real Estate Sales; Summer vs. Winter Season
Miami Beach Real Estate Sales; Summer vs. Winter Season. Before 2002, the summer months were very quiet in South Beach. I recall first the summer of 2000, and the parking situation was as easy as pulling to the front of the destination. There was no traffic! This gradually changed as Miami became a major hub […]
So Your Miami Property Is Listed, Now What?
So You’re Listed, Now What? Many sellers begin hustling to have their property decluttered, personal items boxed, walls painted, landscaping improved, and the repairs completed – they strive to have it showcase ready and 100% perfect for potential buyers to see their beautiful home while working hard to have the curb appeal is at its […]
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