Miami real estate news and information

Archive for the 'IN THE NEWS' Category

Red-Light Cameras in Miami … Cost Effective in Saving Lives?

Miami-Dade County, like so many others in the State of Florida, is looking to up it’s revenue.  

As far as housing goes, code enforcement is hot on the trail of home-owners who have done work without permits …  or are neglecting to keep up their exterior curb-appeal.  And from the looks of things, the municipalities are continuing to bring in additional revenue from those citations.

Additional revenue for Miami-Dade was expected to come from an innovative red-light camera  idea …   63 of them installed at various intersections to cite red-light-runners.  Problem is that Read the rest of this entry »

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Talking about Miami … or Europe? Miami Ranks #8 as a WALKABLE CITY …

Of the top 50 cities in the US, in terms of size, The Miami Herald reports that MIAMI ranks #8 in terms of walkability, per the latest survey by Walk Score.

Brickell, Miami Beach, Downtown, the South Grove (in Coconut Grove), and the Heart of Coral Gables lend themselves to strolling, biking, meandering …   and we are seeing increased interest from home-buyers, attracted to Miami by the opportunity to ditch their cars (and avoid the soaring gas prices)…. living within easy access of amenities in walker-friendly neighborhoods

Walkable neighborhoods, that offer dining, shopping, dry-cleaning, bookstores, and cafes with easy access are drawing in home-buyers who are looking for that more European lifestyle.

If you are interested in relocating to Miami, or buying or selling property here, Alexandra and I would welcome the opportunity to work with you.  Call any time at 305 793-1365  or connect with us directly here.

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Why You Need a Real Estate Professional

Reposted on www.MiamiRealEstateCafe.com  from the KCM Crew:

Many people ask us whether they should hire an agent to sell their home or whether they should first try as a For Sale by Owner (FSBO). In today’s volatile market, we believe this is an easy decision: you need an experienced professional!

You need an expert guide if you are traveling a dangerous path

The field of real estate is loaded with land mines. You need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a buyer willing to pay fair market value for your home at a time that there are mass inventories of foreclosures and short sales will take a true real estate professional. Finding reasonable financing can also be tricky in today’s lending environment.

You need a skilled negotiator

In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of thousands of dollars. Each step of the way – from the original offer, to the possible re-negotiation of that off after a home inspection, to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.

Realize that when an agent is negotiating their commission with you, they are negotiating their own salary; the salary that keeps a roof over their family’s head; the salary that puts food on their family’s table. If they are quick to take less when negotiating for themselves and their families, what makes you think they will not act the same way when negotiating for you and your family? If they were Clark Kent when negotiating with you, they will not turn into Superman when negotiating with the buyer or seller in your deal. Read the rest of this entry »

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Miami’s one-time icon of crisis becomes an icon of the city’s condo turn-around

Alexandra and I have been showing property this past week on Brickell to foreign buyers as well as to a  handful of corporate relocations, relocating to Miami  … and I must say that I am impressed with the dramatic turn-around at the Icon Brickell…  The Icon has gone from virtually empty (and of concern I might add) to  quite a hot commodity.  One of the three towers is inching near selling out.  And with prices below the cost of replacement now,  that translates into a window of opportunity for buyers that won’t be here long.  

Interestingly enough, despite the glut of condos on the market in Miami over the past several years, there has been an increase in the number of condo sales over recent months that has gotten even the attention of the Miami Herald:

Miami’s one-time icon of crisis becomes an icon of the city’s condo turn-around – Real Estate News – MiamiHerald.com#storylink=fbuser#storylink=fbuser.

http://www.miamiherald.com/2011/06/09/v-fullstory/2270819/miamis-one-time-icon-of-crisis.html

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Turning Miami into a True Worldclass City

“TO ALL IN THE MIAMI DADE COMMUNITY:

The Beacon Council wants to take this opportunity to give you a sense of the project we are about to embark on – One Community One Goal (OCOG), supported by Wells Fargo, The Knight Foundation, The Beacon Council Foundation, and a host of sponsors. OCOG will enable us to keep our competitive edge by providing a “business roadmap” for Miami-Dade County and we need your participation by completing the IMPORTANT SURVEY below.

The vision and foundation of OCOG has always been the support of education and a trained workforce – requirements of any successful business, while identifying and prioritizing the industries which would yield the highest potential for creating new jobs and growth for our community. The end goal of the initiative is to competitively position Miami-Dade County in the current and future global economy.

This is a project that will benefit all of us who have a business in Miami-Dade, and are members of this community. There is an OCOG survey link below that will be an integral part of the project and your participation is needed today.The results of the project will be far reaching and will set the foundation for our business community.

Thank you to our One Community One Goal project sponsors: Wells Fargo, John S. and James L. Knight Foundation, Flagler Development, Blue Cross Blue Shield, Downtown Development Authority, Greater Miami Convention and Visitors Bureau, Dossal, The Beacon Council, The Beacon Council Foundation, and World Trade Center, & The Miami Foundation. Read the rest of this entry »

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What They Are Saying About Buying A Home Now

Despite what appears to be a non-stop wave of tough news regarding real estate, four major media players have come out this month with the same advice: It Is Time to Buy a Home!

The Wall Street Journal: Why It’s Time to Buy

CBS Money Watch: Why the Time to Buy is Now

Forbes Magazine: 9 Reasons to Buy a House Now

National Public Radio: For Many, It’s Still a Good Time to Buy a Home

With prices continuing to depreciate in most regions of the country, some may wonder why these four entities are suggesting to their readership that now is the time to buy. Each organization realizes that PRICE is not as important as COST. The cost of a home can go up even if prices continue to fall. Unless you are an all cash buyer, you must take into consideration the expense of mortgaging when calculating the full cost of a home. Here is some information to consider. Read the rest of this entry »

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Miami Real Estate Overview: May 2011

Right now in South Florida  7 out of 10 condos are foreclosure or short sale listings.   2/3 of all real estate transactions involve distressed property (whether foreclosure, pre-foreclosure, or short sales).  

Not only do those distressed sales downwardly influence real estate market pricing, but they have an impact on appraisal values as well.  And the good news in that is … Read the rest of this entry »

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Another House Sells Above APPRAISED VALUE. Never give up!

16641 SW 78 Ct in Palmetto Bay SOLD earlier this month, despite appraisal issues that threatened to  derail the  transaction.

Appraisals are all across the board now in Miami and buyers and sellers are truly in the hands of whomever is sent out to value the property…  and  then  they are at the mercy of the others involved in the transaction, on the other side…   and here is where it REALLY helps to have a seasoned Realtor on your side. 

Breakfast

The appraiser for 11641 SW 78 Court  used comps that left me with my mouth open, and no words, as the listing agent.  They included sales that closed well OVER six months prior,  and included properties that in no way compared to the subject (other than that they had four walls and a roof),  and were outside of the school boundaries that added such value to this property. Read the rest of this entry »

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EWM Names Top 2% of Realtors Nationally

top miami realtor

 

Congratulations to each of our colleagues at EWM Realtors  named among the TOP 2% of Realtors Nationally!

The Restivo Team… We are honored to be among the  Top Producers in the Nation …   proud of the company we keep…  and we would love to help you sell your house or find your dream home.

Give us a call today!   305 793-1365 (Vicki) …  or …  305 632-0164 (Alexandra)

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Hiring a Top Realtor … How to Get the Most for Your Money

hand shake

What will it cost you to hire a Top Realtor?    

Honestly, do you really want to give away 6% of your sales price to a real estate agent?   Isn’t that a bit over the top? 

Why pay the ‘full fee”?  According to  The New York Times article  published on January 28, 2011 entitled  “You Don’t Have To Pay It” …   you certainly don’t have to pay it… and  by “IT” the New York Times is referring to a 6% commission!  Read the rest of this entry »

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