HOME BUYING INFORMATION
October 22, 2024
Open Houses are used by sellers to get a lot of foot traffic and hopefully get an offer or two. For first time buyers, Open Houses are different – especially if you are not 100% sold on the home before you walk in the door. They are a great crash course in learning how to look at homes for sale. And if you’re coming into town from out-of-state, they are a great chance to see a lot of homes in a small time frame. Here’s how we tell our clients to use Open Houses to find the right home. Get a Feel For the Neighborhood For many first-time buyers, once they get their pre-approval letter from a mortgage banker, they typically go […]
October 15, 2024
Shenandoah is one of the oldest neighborhoods in the city of Miami. It’s roughly a square of land between Brickell & SW 27th Ave, south of Calle Ocho and north of Coral Way. Due to it’s being smack dab in the middle of the Grove & Brickell, it’s always been a popular neighborhood for buyers that want to be in the middle of the action but a little more space that condo living can provide. Here’s a look at the state of the real estate market in Shenandoah: A Look at the Numbers There are roughly 5,000 households in Shenandoah, and due to the age of the neighborhood (it was founded in 1919 by developers from Virginia, thus the name Shenandoah) […]
September 24, 2024
When you are looking to make a real estate transaction, the first step is to always figure out how much you can afford to spend and how much you can finance.. There are a lot of factors that go into it, but most people qualify for a mortgage that adds up to less than 36% of their monthly income for principal, interest, insurance, and taxes (aka a Debt-to-income ratio of 36). That being said, you should speak to a mortgage professional and get pre-approved for an amount. Evaluate your financial situation The important thing to remember is that personal timing is more key than market timing. When looking for a mortgage, you have to make sure you’re financially sound and […]
September 17, 2024
Everyone has an opinion as to whether they would prefer a newer home or an older one. Whichever side of the debate you fall to, it’s important to weigh the pluses and minuses. Sometimes finding the perfect home requires a little flexibility on what you previously thought. Pros of buying an old house Architecture While Miami is still a young city, there are plenty of homes that are 50-100 years old. When you step into an older home, you can feelthe history as you walk through the rooms. That’s not as common in newer homes. Mature landscape The best time to plant a tree is 30 years ago. If you want to live with a yard that has shade and don’t want […]
September 10, 2024
When you are buying a home – particularly your first home, but is still true no matter how many times you do it – it’s easy to get overwhelmed with the prospect and excited about the potential of a home. Over the years, we have done a lot of education to help home buyers find the perfect home – and large part of that education is getting them to ask the right questions when they are looking at a home so they will be as happy and excited about the home on day 3,650 of owning it as they are on day one. Questions to ask before the showing Before you go to the viewing, you should connect with your […]
August 20, 2024
Coral Gables is one of two zip codes that saw Miami’s highest jumps in typical home values compared to just a year ago. Coral Gables homes saw a 14% increase in their typical home values compared to last year. The only other zip code in Miami-Dade County to see the same jump was Homestead, bookending the entirety of the market County-wide. Coral Gables home prices The median listing home price is at $1,091 per square foot, though this will probably net you a well-maintained home rather than a new build or a home on a large lot. In June 2024, the median sale price was at $1,798. How quickly are homes selling? Coral Gable homes had an average of 67 days […]
August 13, 2024
Picture it—you’re home from a long day at the office. You take your shoes off, get comfortable and you head to your new condo’s balcony to take in some fresh air and you are met with a stunning view of the ocean or the sunsetting over Miami. Sounds nice, right? It can be real. Here are five of the best areas in Miami for a condo with a view. Bal Harbour Located at the northern tip of Miami Beach, Bal Harbour packs a lot of extravagance into its one square mile location. Noted for its wide variety of luxury shopping, it’s the views that’ll really take your breath away. To the east you have the Atlantic ocean, but you can’t […]
July 16, 2024
Buying a condo vs buying a single family home may seem like an odd comparison. But there’s plenty of comparisons that can be made, from what you’d be buying to the application process. So what exactly are the differences? And should you buy a condo vs. a single family home? Read on below. What’s a condo? A condominium, or “condo” for short, is a privately owned individual unit within a community of units. The owner of a unit typically owns the interior of that unit and some exterior elements. Common & shared areas such as pools, garages, gyms, hallways, etc. are owned collectively by the condo owners. Condos can be found in high-rises, apartment-style complexes and even (surprisingly to most) […]
June 4, 2024
When deciding to move to a new neighborhood or even a new city, one of the most important considerations for a family is education. Ensuring that your child receives a quality education that will prepare them for college and beyond is paramount. With that in mind, we wanted to share a helpful guide to some of Miami’s top private schools. That way, you can start narrowing down your search for your move. Best Miami private schools Carrollton School of the Sacred Heart Neighborhood: Coconut Grove Grades: 3 – 12 Student-to-teacher ratio: 8:1 Yearly tuition: $46,000 for grades 7 – 12 Founded in 1961, the Carrollton School of the Sacred Heart holds the distinction of being the only Catholic, all-girls Montessori college preparatory […]