Miami real estate news and information

Archive for the 'BUYER’S ADVICE' Category

Coconut Grove Home to be Auctioned December 17th – ON SITE

 This  Grove home at 3659 Bayview Road will be auctioned off – on site – at 11am  on Saturday, December 17, 2011 …   Whether you are looking to buy or sell, or are just interested in stopping by to see what’s going on, this may well prove to be a rather entertaining day in Coconut Grove!   Unlike in other parts of our country, there have been relatively few homes auctioned off, on site, in Coconut Grove.

Currently the home is  listed in the MLS for $869,000.00   According to all indications, the house  will go to the top bidder who comes in at/or above $790,000.00  –  There will be a 10% buyers premium  added …   and the MLS does stipulate that the top bidder needs to be prepared to sign a contract on the spot …  and that it be an as-iscash only sale…  It does allow for 3% commission to any selling agent.  Read the rest of this entry »

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Advice for first-time homebuyers – Important decisions

The first place I bought was in New York City.

What I wanted was a condo on the Upper East Side, one that the owners had converted from a studio into a phenomenal one-bedroom condo.  It was furnished impeccably…  and looked as though it came from the pages of Architectural Digest   …   but the price tag reflected that.

What I bought instead was the same exact unit,  one floor down… for half the price. 

Mine was an estate sale …  in it’s original condition … (It was dark and dingy … in need of  considerable TLC)…   for half the pricetag of the one I’d really wanted, upstairs.

Having had the opportunity of seeing the one upstairs first … I could envision exactly what could be done with the ugly one downstairs.  I knew  that with Read the rest of this entry »

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Top Two Florida Destinations for International Home Buyers

The top two destinations for foreign buyers this year … in Florida… are:   

1) Miami and  Miami Beach … as well as 

2) Fort Lauderdale

Ranked TOP 2  in 2011,  we expect them to be TOP 2 again  in 2012.     

Each are resort destinations …  home to jet-setting, bikini-clad sun-worshippers  …   with 1 BIG PLUS:  Both offer easy access  internationally  (to and from the Miami  and Fort Lauderdale airports) …  with the obligatory dining,  nightlife… shopping … glistening waters and sandy beaches . Read the rest of this entry »

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Top Selling Feature That May Surprise You

With gas prices having sky-rocketed, homes that may have been considered less desirable (because of proximity to the highway or metro-rail lines) are now in higher demand

No, that’s not true for ALL properties, obviously … nor for all buyers.

Not everyone wants to feel the rattling of passing train cars from their living room, nor do they want hear  noise from the interstate as they’re grilling on their deck or patio. 

But if you’re selling a property that is near a highway,  MetroRail,  train tracks, don’t market it for other than what it is.   Your buyer is going to want exactly what your house has to offer. 

Not every house is right for everyone …  It’s not supposed to be.    Marketing your house to the RIGHT buyer is essential though.   Advertise yours for exactly WHAT IT IS … and  turn that  into a POSITIVE …  which might mean: “Commuter-friendly neighborhood“. Read the rest of this entry »

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Mortgage or Paying in Cash – Miami Real Estate Trends

With interest rates below 4% right now  –  91 % of all home purchases in the U.S. are at least partially financed  –  according to the NAR’s 2010 statistics. 

That’s interesting because international buyers tend to pay cash and they certainly rely far less on conventional financing  than domestic buyers do ….  with fewer than 15% of foreign investors getting a mortgage.  

Interesting too is that the number of acquisitions by international buyers  (whether vacation property,  or for  investment purposes, or as a primary residence) continues to increase, especially in resort destinations like Miami… which bodes well the real estate market in much of South Florida for the remainder of 2011 and throughout 2012. Read the rest of this entry »

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Leasing Property Under Renovation

With so few homes available for rent or lease right now in Miami, you may be tempted to lease something that’s under repair or  renovation.

If you’re considering that,  hopefully your timeframe for move-in is  at least somewhat flexible, because even with the best of intentions (and having the most conscientious of landlords and real estate agenst representing you)  deadlines can (and believe me, they do) get pushed back… and your move-in date delayed.  Read the rest of this entry »

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Does Your Neighborhood Sell Itself?

 

Neighbors who are visible (and happy!)  … out riding bikes, walking and chatting with other neighbors, puttering in their gardens, mowing their lawns,  their kids playing outside…  laughing and smiling …  can make for a  neighborhood that tends to sell itself.  

It’s not just YOUR curb appeal or the well-manicured facades of the homes to either side of yours… but it’s that sense of community … that sells a house.  

How your neighborhood is perceived by potential buyers  can impact  the sale of your house. 

If you’re buying … contemplating a new area …  we  suggest Read the rest of this entry »

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How To Find Short-Term Rentals or Vacation Property in Miami Florida

Many of the home buyers we work with who are moving to Miami ask whether there are any short term rental options out there…. and if so, how to find them.  Short term rentals can be a good way to settle in to a new city … get a feel for the neighborhood.  They can serve as a stop-gap if you’ve chosen a home to buy, but have a somewhat delayed closing date…

We handle single family home and condo purchases/ as well as  annual leases…   but we really don’t handle short term rentals ourselves. 

That said, we can and do provide our  buyers with  (and wanted to do the same for those of our blog readers who might be interested as well)  access to a handful of options for short term rentals and vacation property resources in South Florida. Read the rest of this entry »

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Doggie Day Camp in Miami … The Yellow Doggie Bus

I was driving by Pinecrest Gardens the other evening … and noticed a yellow  ‘school’  bus next to me, with really excited barking coming from inside.   

At the windows were  a dozen (or so) faces of dogs … all different kinds… all  happy, panting pups …  with waggy tails .  

The dogs were on their way home from a day a doggie day camp…     

The  bus pulled over and stopped at  the side of the road by Pinecrest Gardens, which was ‘pick-up point’ …   The driver  handed out treats to each of  her  ‘passengers’  and waited for the owners to drive up …    She chatted  with the pets and then the owners …  It was fun to watch.

We’re often asked for recommendations as to pet sitters, kennels, dog parks, veterinarians … So, here’s one more Miami secret to share …  “Doggie Day Care” ! 

www.TotallyDog.com    Doggie Day Care …  A yellow doggie bus  for dogs only …    Miami pets get the royal treatment!

If you or someone you know are moving to Miami with pets,  we would love to help you relocate here.  We specialize in Miami …  and we specialize in real estate here.  The Restivo Team at EWM Realtors.  Our direct line is 305 793-1365   …  and  you can always contact us here  and/or via email at [email protected]

 

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Venezuelans Eyeing CONDOS in Miami

Venezuelan buyers are increasingly interested in Miami … and in particular in areas such as Miami Beach and  Brickell… near the water.  

66% of all Florida property acquisitions right now by Venezuelans are in the Miami, Miami Beach and Fort Lauderdale areas.

Almost 2/3 of Venezuelan investors buy condos, as opposed to single family homes …  

And they tend to buy  high-end property  (very building-specific … with a preference for modern highrise construction) …  Read the rest of this entry »

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