HOME SELLING INFORMATION
July 18, 2023
Divorce is messy. When there are assets that need to be divided up it gets messier. And when those assets are relatively illiquid and have sentimental value that is likely higher for one party than the other, the propensity for contentious arguments rises considerably. The most important thing when you’re involved in a high-conflict divorce and dividing up assets that include real estate is to work with one agent who is experienced in selling homes during a divorce. Don’t Hurt Yourself to Hurt Your Soon-to-be Ex It’s happened before — one party is willing to take a loss as long as it hurts their soon-to-be ex more than it does them. The truth is there’s no value in reducing the sale […]
July 18, 2023
Home sales involve a lot of pieces and moving parts, but if you’re going through a divorce, there are a few extra things that need to be coordinated correctly to make sure everything goes smoothly. Working with a Realtor who is experienced in this situation is a must. Where Are You in the Process? Every situation is a bit different, so deciding when the best time to sell your home is something both parties should discuss with their attorneys. If you already have your divorce settlement agreement in hand it will give direction as to how funds will be distributed once your home closes. It’s a good idea to have both of your attorneys look over the final contract before […]
July 4, 2023
There are simple ways to ensure that selling your home while in the process of getting divorced doesn’t add to your stress levels. We already know that in can be beneficial to expedite a divorce settlement to sell the home before the settlement is finalized. The best way to accomplish this is to pick the right realtor. Here is what you need to know when picking a realtor while getting divorced: Finding a Realtor Experienced Working With Divorcing Property Owners The reality is that homes are often the most valuable asset a couple owns. Even when it isn’t the most valuable, it is still high up on the list and commonly the most contested asset during divorce proceedings. In a […]
June 13, 2023
Some places are far more impacted by seasonal changes than others. Yes, our weather in Miami is gorgeous year-round and people’s habits don’t change much based on the season. So while Miami truly isn’t a four-season city like, say, Boston is – it is still important to consider the season when looking to list your home. Here’s why: Motivated Buyers We find that buyers tend to be motivated to move quickly in the summer months. This is mostly true for families with school-aged children. They want to find a home in their desired neighborhood and get the deal done and closed quickly so they can settle in to their new home before school starts. This means listing your property at the […]
June 6, 2023
Coral Gables’ central location, leafy streets and abundance of, well, everything makes it easily one of the most desirable neighborhoods in Miami. This is old Miami – established in the ‘20s – and the vintage feel is everywhere! Plenty of greenspace, and veryaccessible. Coral Gables is dotted with parks and fountains that add a feeling of peace and relaxation everywhere you go. A Neutral Market Let’s talk about what creates a “neutral market.” It’s mostly related to the amount of housing inventory available and how long it’s expected to remain available. In other words, supply and demand. In a buyer’s market there is at least 6 months’ worth of inventory – plenty of homes to choose from. A seller’s market […]
May 16, 2023
If you live in Florida, it’s important to understand what’s been happening with property insurance here. As of January 1, 2023 several big changes went into effect following special legislative sessions. These sessions were called to address the property insurance premiums rising across Florida. A Little Background First, let’s talk about some of the things that make Florida a unique market for property insurance. Our geography sets us apart from the rest of the continental U.S. No other place is as likely to receive significant damage from hurricanes and tropical storms. Since 2017, the frequency of heavily damaging storms has increased statewide (even if we’ve been relatively protected here in Miami). As a result, insurance companies have paid out significantly […]
May 2, 2023
Pinecrest is one of our favorite neighborhoods. You’ll find many mid-century ranch homes on large lots and gorgeous natural scenery plus some of the most stunning mansions in Miami-Dade. Just north of Palmetto Bay and only about 20 minutes from downtown Miami, there’s a reason leafy Pinecrest is so in-demand: it is great for young families (boasting fantastic schools) and those that are looking for a little space to spread out while still being close to it all. Great Opportunities for Buyers The end of 2022 saw more homes on the market in Pinecrest than we’ve seen in years. However, the price per square foot is up – the average at the end of 2022 was $868 in Pinecrest. Price […]
April 18, 2023
The last couple of years have been a wild ride, there’s no denying that. Miami has been one of the U.S. cities that has not followed the nationwide trends as closely as the majority of the country. But are we immune from a negative trend across the States? What Makes Miami Different? One of the simplest things setting Miami apart from most of the U.S. is the size. We are the 7th largest metro area in the country. Secondly, Miami has a higher-than-average concentration of luxury homes. On top of that we are a coastal city which entices buyers from not only all over the U.S., but internationally as well. Miami is a destination city within a state that has […]
March 21, 2023
Higher interest rates are affecting real estate markets nationwide, and Miami can’t escape the impact fully.. That said, we are still enjoying one of the strongest markets in the country despite some cool-down. So, let’s talk about what you need to know no matter which side of the Miami market you’re on: buyer or seller. Where are We Now? The current average interest rate for mortgages is sitting just below 6.5%, but many of our lenders can do better than that. Feel free to ask us for a recommendation. This is the highest we’ve seen rates since the end of the year in 2007, so it feels high. However, it’s worth recalling that in the fall of 2000 it was right […]