real estate
February 21, 2023
Whether you are in the real estate market as a buyer or seller, choosing the right realtor for you is the most important early step in the process. But how do you know who to choose? Experience is Key Whether you’re buying or selling, your realtor should be experienced in your area. Building up a reputation and a basis of knowledge in specific areas give realtors a big advantage over agents who are less familiar with individual neighborhoods. Miami is a large, unique city with many different areas that appeal to different people for different reasons. A realtor who works mostly in Aventura might not know the nuances of smaller areas within Pinecrest. Moreover, real estate is moving fast! Buyers […]
February 14, 2023
If you are already a Florida resident moving into Miami, you are accustomed to the issues you will face with property insurance. If you are new to the state, however, this will be a little crash course for you. Property insurance in Florida is more expensive than in many areas of the country, and you will likely have questions. For help understanding the ins and outs of every financial decision when it comes to Miami real estate, including homeowners insurance in Florida, you can call on The Drew Kern Team to give you an honest opinion. What’s the Situation? It’s no surprise that Florida has a higher risk of severe and damaging storms when compared with the rest of the […]
February 7, 2023
Just south of Pinecrest and north of Cutler Bay lies Palmetto Bay, one of the more popular suburbs in Miami-Dade County. There are currently 95 homes for sale in this area, which is about on par with the inventory we’ve seen in the second half of 2022. This long-sought after neighborhood for families with school-aged children remains competitive but has seen a downturn at the end of 2022. This makes it an excellent time for buyers to jump in to grab a property at a lower price point than has been typical for this neighborhood over the past year. Palmetto Bay Home Prices Price per square foot in Palmetto Bay started 2022 off low, at $343. The price per square foot for […]
January 24, 2023
Anytime you start thinking about shopping for a new home, it is an exciting time. People move for many different reasons, and when they do, it’s not uncommon for them to be looking for an upgrade of some kind. A growing family is another very common reason people start shopping for larger homes. If your current home is starting to feel cramped, upsizing to a bigger home may give you just the breathing room you’re looking for. But before doing so, be sure to first think through some of these more practical parts of moving into a bigger home. Bigger House, Bigger Bills It might seem obvious that a larger house will come with a larger price point. However, it’s […]
January 17, 2023
If you are planning a move to Miami, let me be the first to welcome you! It is such a wonderful and unique city, so learning a bit about the different neighborhoods will be an important step in your search for a home. I have more than 25 years of experience selling real estate locally and am a native of South Florida. Helping people find their dream home here is something my team and I love to do! Each neighborhood in the Miami area has its own style and personality. Let’s talk about a few of those areas and their individual qualities. Coral Gables This family-friendly suburb is packed with charm! Known as “The City Beautiful,” its unique 1920s and […]
January 10, 2023
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
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
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
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 […]