Buyer Information

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 […]
October 18, 2022

Why Miami’s Single-Family Market and Condo Market Should Be Looked at Separately

If you’re a long-time resident of Miami, you already know that Snowbirds used to be a larger segment of the population, but still exist. We also have a unique housing market largely due to our status as an international city that draws investors from around the world.  Because of these factors, it’s important to evaluate the real estate market in Miami based on the specific type of property and neighborhood you’re looking to buy, rather than as an entire aggregate. What do Snow and Birds Have to Do with the Condo Market in Miami? “Snowbird” is a term used for the part-time residents of Miami who own property – usually condos – but only occupy them during the winter months […]
September 27, 2022

4 Considerations When Buying Your First Home in Miami

A Home’s Location in Miami  You’ve heard it before – location, location, location! The question is which location factors are most important for you and your family? Let’s go over a few.  School districts are likely at the top of your list if you have children, but even if you don’t, it should still be a consideration. Desirable school districts drive prices into higher brackets which might be a deterrent on the buying end, but it will also give you an opportunity for higher resale value later.  Proximity to grocery stores, shopping centers, outdoor activities like biking trails or marinas, and other public use spaces is also good to keep in mind. A neighborhood close enough to access these amenities easily, […]
September 13, 2022

Fall 2022 Coral Gables State of the Market

As we move into the fall of 2022, the Coral Gables market is continuing to trend upward. Fall of 2021 into winter of 2022 saw pricing swings in both directions. However, we are back on the steady upward track we were seeing for much of last summer.  The median sale price in the area is $950K, which is up 8.6% year over year. Homes are being sold in about 32 days on the market compared to 63 days during this same period last year. The number of homes sold, however, is down 35.4%: 104 homes were sold in June of this year, while it was 161 in June of 2021.  What Does It All Mean? The data suggests we are […]
August 16, 2022

Why Impact Windows are So Important If You are Buying or Selling

If you live in Miami, impact windows are a must. Impact windows are made of impact-resistant glass and are held in place by a strong frame. They are designed to help protect your home from damage during a severe storm or hurricane. What’s more – not only will they protect your home and your family during hurricane season, but they will also help keep your energy bills low by keeping your home cool in the summer. Here are some other reasons why impact windows and doors are so important if you are buying or selling a home in Florida: They Increase the Value of Your Home If you are selling your home, impact windows will increase the value of your home. […]
July 26, 2022

Is Waterfront Property Affordable Anymore?

With real estate booming in Miami, waterfront property is becoming increasingly unaffordable. The cost of living near water is rising faster than incomes, making it difficult for people to keep up with the cost of living. In some cases, people are being forced to move away from the water altogether.  While costs of properties across the board are rising in South Florida, there are a few other things to consider if you’re looking to purchase a waterfront property: Flood Insurance If you’re buying in a flood zone, which applies to many waterfront properties, you will be required to purchase flood insurance if you are getting a mortgage – read more about that here. Flood insurance covers any losses directly caused by […]
June 28, 2022

What Makes a Good Offer on a Property

Looking for your dream home can be a long, emotionally charged journey. So, when you finally find “the one,” you’ll need to jump right in and make an offer – and while it’s important to act quickly, it’s crucial to be smart and thorough when doing so. To ensure a smooth process, there are a few things you should do now so when you find the perfect home, you are prepared to come to the table with the strongest possible offer, especially in a competitive market like this. Get a Preapproval Letter for Your Mortgage This should be completed before you begin looking for a home. Sellers give preference to buyers who have pre-approval letters because it shows that you are a serious and qualified buyer. Although the […]
June 14, 2022

4 Things We Look For When Touring a Home

In the market for a new home? For first-time homebuyers (and even experienced homebuyers), touring homes can be an exciting, yet daunting experience. While home-touring should be fun and exciting, it’s important to keep a detailed eye when touring a home – oftentimes, there can be issues hidden beneath the surface. We pride ourselves in our detailed walkthroughs – our goal is to save you time, stress, and headaches. Here’s what we look for when we tour a new home: Floor Plan – One of the most important qualities of a home is that it meets your needs – which is why we spend time researching the floor plan of each home we tour. While it’s easy to change cosmetic appearances […]
May 31, 2022

What to Expect in the Miami Real Estate Market

Miami is known for its iconic beaches, its status as the capital of Latin America, and its burgeoning tech scene. This adds up to a strong real estate market, however, there is more than meets the eye when it comes to Miami’s real estate.  A true hotspot longtime residents, new transplants, and business owners looking to either expand into or from Latin America, Miami-Dade is on a continuous uprise and has been that way for some time. If you’re considering moving here, one thing is true; you should know these Miami real estate trends happening in 2022: Miami’s Booming Rental Market Two-thirds of Miami residents rent, a rental rate rivaling that of New York City. This is partially due to […]