Miami Real Estate Search

Monday, November 7, 2011



The City of North Bay Village may be issuing a new ordinance for residential units. Re-occupancy certificated will be the new requirement for all residential units, hopefully alleviating the number of structure alterations without permit. The City has learned of the growing numbers of properties being modified without permits therefore being out of code, which does not allow qualification for all financing programs thus making the home less marketable.


CITY OF NORTH BAY VILLAGE ORDINANCE

Wednesday, November 2, 2011

LIST PRICES RISING IN FLORIDA REAL ESTATE



Some cities in Florida have had over a 20% increase on the list price of homes. Miami real estate market has had a 25.6% increase.

I came across this article which lists the top 10 cities with the largest list price increase.

10 CITIES WHERE LIST PRICES ARE RISING THE MOST

Monday, October 31, 2011

NEXT CONDO BOOM ?!?!?!?!

6 NEW CONDO DEVELOPMENTS FOR THE NEAR FUTURE IN DOWNTOWN MIAMI AND BRICKELL.... Developers claim to have learned their lessons and will take precautions this time around.... international cash buyers are their targeted buyers. We've seen many foreign cash buyers absorbing the Miami condo inventory in the last several months and developers are eager to begin their new condo projects in Downtown Miami and Brickell.

CONDO-MANIA 2.0

Six new condo towers are expected to break ground soon.

23 Biscayne
96 Units

Genting Resorts World Miami
1000 Units

Brickell Citicentre
755 Units

My Brickell
192 Units

Sky Palace at Mary Brickell Village
369 Units

Brickell House
374 Units




Source: The Miami Herald: Condo-Mania 2.0

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Real Estate Rentals

The rental market will be a revenue producing business opportunity. Read the following article from the National Association of Realtors for some stats on how the number of foreclosures that have taken place, along with the foreclosures in process will affect the rental market. Families losing their homes to unfortunate circumstances as foreclosure must seek living alternatives in rentals.

MULTIFAMILY MARKET EXPECTED TO SEE BIG GROWTH


National Association of Realtors: Multifamily Market Expected to See Big Growth

Tuesday, August 17, 2010

Perfect Balance: Midtown Miami Real Estate

Midtown Miami has been up and coming for a few years now but just recently is when we’ve seen the area thrive. There’s a vast selection of new restaurants, shops, office and real estate property in this chic area. It’s drawing in a professional young crowd which gives the area a unique feeling. Residents and tourists are both falling in love with what Midtown Miami has to offer… great restaurants, shopping and much more. It’s centrally located where South Beach, Downtown Miami, Design District and highways are minutes away. It is also helping the surrounding areas such as The Design District, which is known for its art galleries, high-end home furnishing stores and spectacular restaurants and bars.

Business owners were a bit skeptical about investing in this area but after some consideration they ventured to open their doors to Midtown Miami goers and they are reaping the benefits…. Business is booming!!! Not only is this attracting the locals in the Midtown area but also the residents of nearby areas such as Coconut Grove, Coral Gables, Miami Shores and many more. This is just the beginning…. Many others are waiting on the sidelines to see how the area develops in order to open their doors and offer more variety to residents and visitors of this area.

Real estate has also benefitted from the energized Midtown area. Inventory has diminished when it comes to condo units. The new luxurious apartments have attracted many new residents. They are looking for brand new condos with wood floors, stainless steel appliances and breath taking views. Everything a person needs is in close proximity: shops, grocery stores, nail salons, restaurants, beach, etc. Some love the idea of not having to use their cars to go grab some lunch or get together with friends at a nearby lounge/bar.

Wednesday, June 23, 2010

Chinese Drywall Relief

CHINESE DRYWALL RELIEF

Mortgage servicers have been advised by Fannie Mae and Freddie Mac that they will be working with the homeowners affected by Chinese Drywall in an effort to help them deal with the catastrophe of being out of the home or experiencing some setbacks due to Chinese Drywall. Beginning in mid July Fannie Mae will be granting a 6 mth delay on loan payments and Freddie Mac is currently allowing a 12 mth delay on loan payments for homeowners who are dealing with the existence of Chinese Drywall in their homes.

They will require a property inspection to determine and confirm that there in fact exists a drywall problem and will be granting the deferments on a case by case basis.

Homeowners can verify if their mortgages are owned or guaranteed by Fannie Mae or Freddie Mac by searching their websites.

www.fanniemae.com/loanlookup
www.freddiemac.com/corporate