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January 10, 2023

What’s Happening with the Miami Rental Market?

Miami has been the red hot center of a nationwide rental market boom. In South Florida, rent rose nearly 25 percent between the summer of 2021 and summer of 2022. On top of that, almost 97 percent of rental inventory in Miami-Dade County is occupied. Available properties have multiple applicants all hoping to score a place to live. While rent is up and inventory is down in major cities across the US, nowhere has it been as dramatic of a shift as we’ve seen here.  Expectations for 2023 I expect the rental market will continue to have high prices and high demand throughout 2023, and likely beyond. The storm season we experienced in 2022 factors in to these high prices […]
January 3, 2023

What To Expect in the 2023 Miami Market

Sometimes markets are easier to predict than others, and this one… well, there are a lot of moving parts. I’m certainly no fortune teller and any number of things could impact my best guesses.  At any rate (pun very much intended), I’ll give you my thoughts as of now about what to expect with the Miami real estate market for the upcoming year. Will Housing Prices Go Up or Down? The next several months will be different, a “back to normal” market, but that doesn’t mean a loss of all the gains we have seen over the pandemic price surge. In fact, in most areas of Miami prior to 2019, I would say we were undervalued from a global perspective as […]
December 20, 2022

Shop Local: Coral Reef Farmer’s Market

I have mentioned in previous posts how much I enjoy shopping local. Supporting our locally owned businesses is an important way to help local economies. Local farmer’s markets are becoming more popular and are a great way to find a wide shopping selection from local sellers for all needs and budgets all in one place. Whether you’re shopping for dinner ingredients or a unique or custom gift option a farmer’s market is a great place to find it.  One of my favorites is the Coral Reef Farmer’s Market. You’ll find it at Coral Reef Park on SW 152 Street, right off SW 77 Street. They are open every Saturday year-round from 9 am until 3:30 pm. They have everything you […]
December 14, 2022

Looking to Build New? 5 Things to Consider when Looking for Land

Building a new home from the ground up is a wonderful opportunity to create your dream home. Of course, finding the right location is at least half of the challenge. Shopping for land is a very different experience from being in the resale or pre-built housing market. This is far from a comprehensive list of things to consider, but it’s a good start to prepare you for the market. Location, Location, Location Searching for the right location to build a home is a bit different than finding a home in a desirable location. When you’re shopping for a house so much of what makes a location attractive is related to the existing homes and infrastructure. If you want to build […]
December 13, 2022

4 Signs To Know it’s Time to Stop Renting and Consider Buying Property

Have you been casually browsing houses for sale lately? When you find yourself daydreaming about buying a home it’s easy to get caught up in the excitement. As much as we absolutely want to help you find a home to buy, we also want to help you make sure it’s the right time for you. We want all our buyers to go into their purchase with confidence.  In a Good Financial Position You’ll need to have enough cash saved up for a down payment. 20% of the purchase price is the rule of thumb (though there are many exceptions) and a good amount to plan for. You’ll also need some savings set aside to pay for necessary repairs as they […]
December 6, 2022

How Will Insurance Changes in the State of Florida Impact Homeowners?

Here in Florida we have seen some significant and immediate changes to laws regarding homeowner’s insurance policies in 2022. Two bills were passed and became effective immediately when they were signed by the governor in May. These are available to read in their entirety if you want to do a deep dive. We are all still learning more about these, and some of the impacts won’t be clear until we have a chance to see how they apply over time. In the meantime, let’s talk about what the landscape looks like today. The Upside Let’s start with the good news. New laws are in place to attempt to reduce fraudulent claims. Fraud especially related to roof claims has been a large factor […]
December 1, 2022

Our Favorite Holiday Activities Around Miami

Living in the tropics doesn’t mean that Miamians don’t know how to celebrate winter holidays. We just do it with our own style and flair – the way we do everything! Here are some of our favorite festive activities in the Miami area. We hope you will enjoy them as much as we do. Coral Gables A Christmas Carol, the Musical – Actors’ Playhouse at the Miracle Theatre Various dates and times throughout December A musical reimagining of this Christmas classic. Find all details and purchase tickets through the link. Dec. 9 at 7pm – A Very Merry Holiday Gala – Coral Gables Women’s Club A family friendly event pictures with Santa, a silent auction, dinner and drinks, plus a keynote […]
November 22, 2022

Is Staging Your Home Worth the Investment?

Under all the right circumstances hiring a professional staging company is absolutely worth the cost. I realize that is a qualified statement, so bear with me for a minute. The point is that there is absolutely value in the process of having a professional stage your home before it hits the market. Which side of the cost/benefit analysis that service falls on depends on several more specific details. In a Perfect World… As an agent, the ideal situation is to present the most picture-perfect version of the house we’re selling. If the seller has moved out, staging the home – with the lack of personal items – creates a blank canvas that prospective buyers can project their lives onto. Staging […]
November 15, 2022

Interest Rates are Up: What Does this Mean for You?

With all the talk of interest rates and federal interest rate hikes in the news, it makes sense to talk about it and how it impacts our daily lives. Being in the real estate business means these rate changes are something I monitor all the time – even when it’s not making the news. However, it does have a much farther-reaching impact on almost everyone. What Exactly IS the Federal Interest Rate? First, let’s address what it’s not. The Federal Interest Rate is not the rate consumers pay, though it does indirectly affect consumer rates. The U.S. Central Bank sets the Federal Interest Rate which is the rate at which bank-to-bank transactions are made. Every other interest rate in the […]