Friday, November 23, 2012

Miami Luxury Homes Florida Real Estate

Miami Luxury Homes Florida Real Estate

Sunday, October 14, 2012

The Appeal Of Miami Homes — Top Color Options For Home Properties In The Region

People that cruise through the streets of Miami are bound to find that the rows of streets that make up the communities within the region tend to be lined with Miami homes that are really quite appealing to the eye as far as aesthetic are concerned. 

As far as architecture goes, Miami home properties are designed to blend in with the area’s tropical atmosphere and the very colors with which these home properties are painted in also add to the overlook look. Of course, all of these features are properly taken care of by skilled designers who put a lot of effort into creating the most superb home properties for the diverse range of people who would like to own real estate in the region. 

Being able to purchase a home in Miami is really never too hard, but for people who are hoping for a head’s up when it comes to the usual color schemes will find four of the most used colors to be among the following: 

Shades of Turquoise – ideal for living room spaces, there are many of today’s home properties which are painted in turquoise to accentuate the appeal of tropical flora as well as the ocean views which are made visible from many of the Miami homes that can be found on the property market. Of course, such shades go very well with subtle hues of reds and pinks and even whites which make them very characteristic to many. 

Shades of Coral – being the color of hibiscus flowers, coral shades have been a superb choice in color for many of the home properties within Miami which are often found used with white or tan to balance out the brightness. Naturally, home properties which are painted in coral tend to have a simple yet spectacular appeal that is easy to work with when it comes to adding features and accents to the home space. 

Shades of White – as a common rule, people find that using various shades of white can be one of the most appealing options when it comes to Miami homes because of the simplicity and ease of incorporating personal touches to the home environment. Since the region is known for its fresh appeal, going for white homes is definitely a good option, especially since there is a sophistication to these home properties that works well with most people’s needs. 

Shades of Green –there are a lot of plants and trees within the region so being able to opt for a Miami home that is designed to emanate that beautiful quality is also a great option for property buyers because of the relaxing effect that the color has on all sorts of people. The flair that green is able to add to Miami homes adds a richness that truly compliments the environment in which these home properties are situated. 

It goes without saying that there are many other color choices that can be found on the property market for Miami homes. People who wish to make changes to color of any property will also find that to be an option and that is why people who wish to find the most suitable home properties within the region are encouraged to take a look at available listings on the market to find out which ones appeal to them the most. 

Joan Vonnegut

Saturday, October 6, 2012

Miami Luxury Condos – Consistently Getting Better All The Time In The Residential Property Sales

Looking for real estate properties in the United States? Miami has everything in store for you! From a simple bachelor’s pad-type condominium, to a luxurious penthouse overlooking the whole city, you will always find something that would truly fit your lifestyle. The United States is a huge country and each state has its own distinct flavor. That is probably one of the reasons why there are a lot of interested foreign buyers and investors taking part of the real estate gigs in the country.

Among other cities located in the United States, Miami is one of the best places to invest your money on when it comes to real estate ventures; with countless condo and home properties being purchased, it does not come as a surprise that this city is slowly bouncing back after a very hard financial crash. Whether you are a person with simple taste when it comes to home and condo properties or a person looking for a one-of-a-kind purchase, you will always find great properties in this area! 

It is not a big surprise that the reason for Miami luxury condo and home properties’ slow but inevitable rise is because of the countless foreign buyers hoping to either migrate with their family and/or loved ones, or to expand their business ventures outside of their home country. 

Despite the ongoing global recession and weakening US dollar exchange rate, the realtors, developers, agents and other brokers have managed to make a living on selling oversupplied condo units to interested investors and buyers worldwide. Miami luxury condo properties have come a very long way ever since the countless real estate booms have taken place in the city in the span of 10 years. 

It is amazing that several real estate markets, even outside Miami, has magically turned things around after cutting 10 to 50 percent off of the original selling price. Since owning a condo in Miami is better than renting, it is safe to say that your money will not be down the drain if you purchased a property in Miami. Now that we are only a few months away from the New Year, a lot of developers are planning to rejuvenate the stocks of home and condo properties in the city to retain the balance of supply and demand. Because at this rate, there are only a few Miami luxury condos up for grabs for interested buyers this year compared to the earlier years while the recession is at an all-time high. 

Quentin Battle

Thursday, October 4, 2012

Florida Foreclosures Are Great For Both Residential Home Buyers And Property Investors

Florida is home to many fantastic real estate deals which have been able to capture the attention of so many people from different parts of the world. Often, people think of it as an expensive option to consider but that is not necessarily the case, especially when there are many Florida foreclosures which enable people to have a go at the real estate market without having to spend a fortune all at once.

Foreclosures come in all shapes and sizes; the fact that they are essentially just homes that have been placed back on the market by the very lenders which have entered into deals which their clients — the supposed homeowners — have been unable to live up to. 

Basically, their inability to keep up with mortgage payments end up causing them to lose their homes and this has been quite a recurring phenomenon that has been taking place all across the entire state of Florida which explains why there are now so many Florida foreclosures being placed on the market. 

People that tend to opt for these types of real estate options are usually property investors who look forward to the opportunity to purchase real estate at bargain deals which is often what they are able to get from Florida foreclosures although there are others who are simply on the look-out for deals which fit better into their allocated budgets from any type of residential home. 

Of course, for property investors, being able to purchase real estate at a lower price gives them the chance to utilize the rest of their resources on renovations that will eventually give the property an instant boost in value so that they will be able to place the real estate property back on the market for a better price, hence a profit is made. 

On the other end, residential home buyers who are looking for the best way to acquire real estate property within such an ideal location within the United States will surely find that there are Florida foreclosures which are going to prove to be perfect for their own personal needs. 

Although home buyers who are looking through their options on Florida foreclosure listings will have to see to it that they are able to find options that are in good shape which means that certain guidelines will have to be used in making sure that they do not end up with a lop-sided deal and the best way to ensure that is to consult with a real estate agent that specializes in these types of properties since they will know how to go about these matters in the most efficient way possible. 

Joan Vonnegut

Wednesday, October 3, 2012

Stronger Market For Miami Rental Properties As A Result Of Economic Conditions

There has been a reasonable amount of talk going on about the noticeable increase in the strength that the market for Miami rental properties has been able to achieve over the last couple of months. Of course, such improvements have been made possible by the fact that both local and foreign investors have been going in for available options which are made placed on the market for discounted values. 

While there really is such diversity and great potential when it comes to the actual options that can be found on the Miami real estate market, it has been noted that the leading properties which cater to the market for rentals are multi-unit properties. 

Nevertheless, the market for Miami rentals has grown particularly within the Miami-Dade County area which has managed to experience rentals which has created a rise that is basically enough to bring the market back up to the levels that it used to be at before the market crash which struck with a force. 

Although people are already quite satisfied with the growth that has been taking place, there are experts who believe that the market for outstanding Miami rental properties has yet to grow as property prices are bound to go up over the next couple of months. 

Among the many points of interest which seem to be included in the discussions made regarding the market for Miami rental properties are the reasons behind the increasing popularity of such real estate options. Generally speaking, many find that the less than ideal economic conditions have contributed to the growth of the rental sector as many have been forced out of their homes due to foreclosure which essentially leaves them with no choice but to seek other forms of housing. 

As people that have been marked with poor credit records find it virtually impossible to purchase new properties within the region, Miami rental properties simply become their next best option since Miami rental properties allow them to enjoy living within the beautiful region without having to worry about mortgage payments and all of the other aspects which come with property ownership. 

Logically, there are many other aspects behind what the driving force which has been acting upon the market for rental properties within Miami; we are merely looking at one of the reasons which seem to make sense for many of those who live within the region and choose to opt for rental properties instead. 

If you would like to learn more about what makes the wide selection of Miami rental properties so attractive for both local and foreign individuals, you are encouraged to speak with a real estate agent that can provide you with useful information regarding what the market has to offer and what benefits you can derive from choosing these outstanding options today. 

Joan Vonnegut

Tuesday, October 2, 2012

Factors Involved When Searching For the Best Miami Luxury Homes

Though you have all the resources, buying Miami luxury home can turn into disaster. It is very important to know the right method of approaching the process. Aside from hiring a luxury real estate agent, here are some of the things that you should look for.

Excellent location

First, it is very important that you have to choose a Miami luxury homes that is located in the areas that you want not only because of its aesthetic appeal, but also functional as well. Aesthetic refers to the attractiveness of the place. Location will depend on what you want. Like for an instance you like your home to have immediate access to the beach, searching for beachfront properties is only par for the course. Downtown properties are also one of the best choices if you want proximity to the financial district. 

When it comes to function, there are great selections of those Miami luxury homes that can offer ease to whatever you prioritized. For starters, choosing a home near your work area or the school you plan on putting your children into are great just some examples. 

Additional features

What set luxury homes from the other real estate properties are their unique features? Average homes offer the typical real estate fare. Luxury properties have different set of amenities on their menu. From extravagant home theater systems or spacious decks and other specialized areas, it helps you to widen your options to gain access to wide-variety of features that you will not see on other properties. 


When it comes to home buying financing is one of the most important factors that you need to consider. When it comes to luxury home investing, the importance of financing increases exponentially. These luxury homes are known to be expensive real estate properties that make money as a determinant for your capacity to purchase a home. If you are planning to apply for a mortgage loan as your source of financing, then you have to deal with those lender whom you have previous professional relationship. With this you do not only lessen the time for managing paperwork but might also increase your chance of having the loan with good terms. 

Improvement plans

While Miami luxury homes are known for their extravagance, there are some people who find them lacking? Though some of your specifications are met, there are still things that are lacking, and planning for improvements now is the only way to achieve your dream home. This will help you accommodate your home improvements plans, including their respective factors as early in the process as possible. 

Ella Ayson

Monday, October 1, 2012

Marble Tiles – Perfect Material for Your Home and Its Proper Care

These days, the use of marble tiles has been recognized by most architecture, developer and even that homeowner. It is simple because these tiles serves luxurious, elegant and rare feel which gives the owner unique appeal from others in terms of standard. And because of this there are plenty of homeowners who prefer these tiles as the covering of their floor.

These tiles are perfect if you want to obtain diverse designs. For separate living area, there is wide variety of marble tiles. You can always go for a single color tiles for your drawing room, while for the bathroom and kitchen you can check out for the suitable design out from a lot of designs at display. This is not only the character that adds to the charm but also the glimmer which reflects splendor is truly permanent. Marble tiles are available in different designs and each of their designs is perfect for a specific room in a home. You can have a plain with glossy color for your living area while with designed tiles can be excellent for the bathrooms and kitchen. Its design is not authoritative only to sustain its grace and quality, but also comes with the luster that gives both luxury and elegance. 

These tiles are also available in different colors, patterns, designs and shapes. You can always give a specific room the looks that you always wanted by utilizing numerous patterns in a creative way. But if you want simplicity, there are plain tiles that you can utilize such as those light color hues for your living room. But if you are into decorating your bathroom and kitchen, designed tiles are the perfect choice for you. The different designs and styles that you can select from does not only add beauty and durability but also give your place the unique look that you always wanted to have for your home. 

But of course you have to keep in mind that beauty of the marble tiles cannot always be a joy forever. With this kind of shine, you are required a little precautions. These tiles get blemish over time due to external elements such as acid and hard water. Aside from that, there is oil, paint or any greasy products are also responsible for the blemish of the tiles. With this you need to take extra care for these tiles. Ideally these tiles should be clean with simple water to make it withhold its true luster. No matter how elegant and glistening your marble is, it is common to be blemished by dirt and stains. 

There are some tips that you need to consider while going to clean your marble tiles, which will help you sustain its shine and appealing look. Before you start your cleaning process, make sure that you are only using the right tools in cleaning the tiles. You have to regularly clean these tiles to maintain its shine. As soon as there is spillage, you have to wipe it immediately to avoid damaging the surface of the tiles. 

Ella Ayson

Friday, September 28, 2012

Miami Luxury Homes Is Still One Of The Best Residential Property Investments For 2012

Back in 2011, countless Miami luxury homes has been sold at a very fast pace after suffering for a long time due to the unsuccessful real estate booms of 2003 and 2008. Today, Florida has become one of the most competitive real estate markets in the United States today because of the real estate market of Miami continuing to dominate the residential property sales giving an extraordinary boost in the Florida property market. 

According to most real estate buyers, Miami is their choice of residential property locations inside the United States because of the fact that it is diverse and the options are pretty limitless. Today, when we look at Miami, the real estate market has truly changed and you can literally feel the energy of their market to be brimming with confidence. 

Because of the record breaking sales in the Miami property market, several investors and buyers from all over the globe made it a priority to include South Florida due to the fact that most great properties are found here. It is safe to say that this is just the beginning for the real estate market of Miami as rumors are floating all over the city that there will be new developments to take place in the near future. The existing sales for single family homes in Miami have increased significantly this 2011 as it continues to break its previous records. 

As of last year’s statistics, the Metropolitan Statistical Area (MSA) rose to a whopping 41 percent compared to 2010’s! Aside from the recently announced futuristic condo tower to be built really soon, the Miami real estate market are talking about expanding to accommodate more interested buyers and investors in their bustling residential property market. 

One of the reasons why Miami is quite successful today is because of the fact that this place is one of the most visited cities in the United States ever since, and it would only be foolish to think that Miami is not an ideal residential neighborhood. Even the numbers do not lie; with a 63 percent increase in condo sales this year which is dramatically higher compared to the national average, it is safe to say that Miami is the best neighborhood for luxury living today. 

From locals to international buyers, the residential property market in Miami has flourished into something no one would expect to happen –a successful and striving real estate empire. Only time will tell as to how long would the hot streak of Miami will continue. All we know is that as long as there are Miami luxury homes around, more and more buyers and investors will take advantage of the affordability of these deluxe residential properties for sale. 

Quentin Battle

Thursday, September 27, 2012

Star Island Homes – Enjoy Life to the Fullest

If you want to get the most out of your life, then you have to make sure that you are able to start your life with the best foundation you can possibly get. When talking about foundation, it only means the basic components which are very important in order for you to shape your life according to your wants.

Most people are yearning for grand things with their life. If you are one of them then you should make your foundation suitable to the life that you wanted to have. With this, there is no use of moving into a community that only allows for the achievement of simple dreams. If you are looking for something elegant and luxurious then it is necessary for you to move in to a fabulous luxury community such as the Star Island which is located in Miami region in Florida. 

The community of Star Island is really amazing as it sits calmly upon the blue waters of the Biscayne Bay’s Aquatic Preserve which allows the community to have the edge when it comes to being sophisticated waterfront community. 

As you asked people about their dream home, people will surely agree that beachfront or waterfront real estate properties are always the top choice. With this matter, Star Island community is really in demand for the waterfront homes that they offer. But unfortunately Star Island homes come in limited numbers, but the great value that these luxury home properties hold is simply limitless and that is what makes them to be the most superb choices for pick out from today’s wealthy collection of options. 

And because of the fact that Star Island homes come in limited number, for sure there will only be few residents in this fabulous community wherein they have the privileged to enjoy the wonders of life on the Star Island community. And because of the exclusivity and elegance of Star Island community, popular celebrities and few government officials avail one of the real estate properties in this fabulous community. 

With the facts mentioned earlier, you will be able to figure out the level of living you can expect when it comes to the luxury home properties within this upscale community in Miami. And for those who wants to make sure that the quality of their living will considered being up to level with the some biggest names in the world will surely want to check on the availability of the Star Island homes as early as now because the most anticipated opportunities should not to be missed out. If you are one of those people who want to live large in Miami you can always do so with the exclusivity and luxury of the Star Island homes. 

Ella Ayson

Monday, September 24, 2012

The Options Offered On The Bal Harbour Real Estate Market Provide First-Class Luxury In Florida

One location within Florida that offers utmost beauty due to its location that is tucked right in the middle of the Atlantic Ocean and the Intracoastal Waterway is an upscale village called Bal Harbour which is a part of the Miami-Dade County area. It is found within an easy distance from the city of Miami and is recognized as being one of the most lavish locations within the entire region.

If you would like to find the best home property options where you can indulge in an impressive lifestyle that is filled with luxury then you will find the Bal Harbour real estate market to be the perfect choice for you. 

There are many illustrious luxury homes within the village that are perfect for those who seek the highest forms of luxury possible within the region and that is a feature that the Bal Harbour real estate market has mastered with such integrity that it has clearly become the top option for many of the world’s wealthiest individuals who come to Bal Harbour to relax and unwind while being surrounded by the incredible beauty of the region. 

Of course, being able to live within close proximity to the finest gourmet restaurants and cafes as well as designer shops is also one of the benefits that come within the exclusive village location that people from all over the world absolutely love. 

While the Bal Harbour real estate market is popularly known for its water view and beach front home properties, there are also other options such as the finest range of condominiums that come with a full set of services and features that make for the best living experience possible within the village. 

People that opt for condominiums within the village find that the convenience offered with each suite is truly outstanding as they all come with the essentials from appliance needs all the way through to the very fixtures that make these high-rise condominiums fully functional homes that are stylish in every way. 

Also, the fact that residents and guests of these superb high-rise residences find that the first-class services which are offered to them hold so much value as convenience makes for a great added touch to the whole experience. With Bal Harbour real estate options such as these, there really is no other place that could even compare with the benefits and luxury that people can enjoy within the area. 

Joan Vonnegut

Thursday, September 20, 2012

Miami Beach Condos — The High-Rise Property Option Located By The Beach For Maximum Satisfaction

When people talk about Miami Beach, they are talking about a place that is both fun and exciting — one that is surrounded by utmost natural brilliance that can never be replicated anywhere else in the world that is distinctively unique to South Florida. 

Being one of the most fabulous locations in the United States, it is only natural for people to want to learn more about what the Miami Beach real estate market has to offer for those who would like to grab a hold of the opportunity to have that unique living experience. 

As a famous beach resort destination, it is only expected that the area is filled with many superb beachfront real estate options such as Miami Beach condos which will allow people to easily take in the immense beauty of the South Florida horizon. Of course, the views of the Atlantic Ocean are the most captivating of all, but there are those who find that the Biscayne Bay is also offers a view that is sensational in its own way. 

Miami Beach condos are considered to be ideal for the diverse range of people that come to the area. If you are single and would like to experience the fun and exciting lifestyle that the area is known to provide, you will find these real estate properties to be perfect as they allow you to have that stylish home space that you have always wanted that will keep you close to all of the happening places around the city. 

For families that want to move in and make sure that their loved ones are given the best possible atmosphere to live in, Miami Beach condos are also an ideal option as these properties also come in sizable options which come with top security features that guarantee the safety of each resident. 

Aside from the outstanding high-rise home spaces that everyone can enjoy, people will also find the amenities and features that are offered to be a special part of the whole package as Miami Beach condos see to it that there is something in store for everyone on the premises. Whether it involves sports and fitness facilities, or even spa and beauty services, even other recreational amenities are offered to provide people with healthy and complete lifestyles within the area. 

Living in Miami Beach is definitely one of the best choices that people can make in life, especially with Miami Beach condos that place your home space right where all the best qualities of the area can be enjoyed in full. 

Joan Vonnegut

Monday, September 17, 2012

The Chance To Own Miami Real Estate Properties That Are Now More Affordable To Property Buyers

There are many who would like to own real estate property within Miami but feel reluctant because of the current real estate situation, but there are a lot of factors which people should realize as early as possible so that they can eventually learn to take advantage of opportunities which have been made possible as a result of the situation at hand.

One of these factors is property prices which have gone down significant amounts. People that once felt extremely intimidated about making their move on certain Miami real estate properties will find that the situation has actually made it quite possible for property buyers to acquire even the most luxurious options for greatly discounted values. 

When it comes to being able to purchase real estate properties, Miami is definitely among the top options that people will want to consider within the South Florida region because of the fact that there are so many outstanding communities where people will have the opportunity to engage in their dream lifestyle. 

However, the opportunity to purchase these Miami real estate properties at affordable property prices proves to be an even better option because property buyers are not just given the chance to live within an amazing location that offers the best lifestyle features within the region; people are also given the advantage of being able to make significant gains out of the actions they make today as the property market is bound to appreciate over time thus providing people with even more value in their properties. 

Given the extensive range of options that are provided to property buyers on the local market, people have every reason to look into what the Miami real estate market has to offer now that used to be out of reach before. Whether you are interested in finding out more about condominiums that are being made available to you at the moment, or if you are hoping to find bargain deals on luxurious home properties within the most exclusive communities around the Miami region, now is definitely one of the best times for any property buyer to find exactly what they are looking for on the market. 

If you would like to find out exactly how you can take advantage of the bargain deals that are being offered to property buyers on the Miami real estate market then you should get in touch with a real estate agent that can show you around the best deals on the market today. 

Joan Vonnegut

Saturday, September 15, 2012

Issues On Florida Commercial Real Estate

There are some negative vibes regarding the Florida commercial real estate since Florida is facing tough issue now because there are plenty of properties that remain unsold, forcing the owners to lower down their prices but actually this is not a bad thing. Because of this trend, the market of the Florida commercial real estate is shifting from sellers market to a buyer’s market. This could be the perfect time for you to buy a commercial property.

Florida is a very sought after place and offers a lot of potentials, and because of this it could be the perfect place for you to make investments. 

Ways to maintain healthy Future for Your Aventura Real Estate Home

Today, homeowners are facing major problem and that is the decline of their homes. There are also plenty of homes whoa re facing foreclosures, adding to the swelling number of distressed homes across the country. If you are planning to buy one of the Aventura real estate properties, it is very important to understand the responsibility of owning a property. It is very important to think about the best way on how you can protect yourself and guarantee the safety of your property in the future. 

Choose a manageable mortgage loan

When trying to search for the best loan you need for your Aventura real estate property acquisition, make sure that you are choosing something that will be suitable for your financial future. You can never say what will happen in the next 10 to 20 years, but one thing is certain and that is you can shape it. 

Consider your future options

There are plenty of ways for you to make adjustments on your mortgage in order to perfectly suit your financial plans. For example, if your Aventura real estate home is in a fixed mortgage and interest rates are going down, you have two options: stay with your current one or refinance it. Refinancing is not always a practical option. If you have liquid asset that can cover at least one year of the worth of living expenses, then the risks of refinancing may not be worth the trouble. 

But if you do not have enough savings for financial cushion, then you can reduce your monthly payments through refinancing and use extra cash to build a financial lifesaver in case of emergency. 

Take a look at your other investments

If you have plenty of cash stowed away in several investments, you have to take some time reviewing all of them and see if you can turn some into fool-proof financial plan B that can help you in case of emergencies. 

In addition, never put your investments on top of your personal liquid assets. It is important to have enough money saved to cover at least a year’s worth of living expenses. Selling your individual stocks and opting for conservative investments that can hold their values despite of the declining market is one of the great advice. 

Improve your liquidity

Your liquid asset can save you and your Aventura Real Estate home in case of emergencies. If you have not yet planned it then it is very important to start planning now by reducing your expenses on those things that are not that important. You have to cut those non-essential purchases and habits. In this hard economic situation, it is important to ensure that your financial health is strong and stable. 

Ella Ayson

Thursday, September 13, 2012

How to Find the Right Miami Real Estate Property

It is quite hard to find the perfect home for you. Searching for a perfect home is taking it a bit much; there is nothing wrong with searching for your dream home. 

Now there are several Miami real estate properties that you can choose from and not all of them are perfect before your very own eyes. But in order to identify that one home that will be suitable for your preferences, here are the things that you can use to help you with your search. 

Be prepared

Being prepared is very important part of home buying in Miami real estate market. But of course it is important to know the things that you have to be prepared for. You have to be aware that there are plenty of things that you need to be prepared of. But you do not have to worry because even though that there are plenty of things that you need to prepare yourself for, they are nothing that can be remedied with the dedication and patience. So before you finally decide to buy a new home, you have to determine first whether you are emotionally ready and most importantly financially ready for the homeownership. 

Know what you are getting into

It is always to consider research in order to get yourself prepare for buying a Miami real estate property. As we all know there are plenty of things that you need to look out for before entering the real estate process; and you can only do that if you know what the process entails. Whatever type of property that you are planning to buy, be it a traditional home or a condo or a foreclosure, you need to know everything that there is to real estate bin general. 

Consider professional help

There are plenty of homebuyers who want to skip real estate agent. If you prefer to do it on your own, you just have to make sure that you know what you are doing. Facing the real estate world can be hard without an expert guide. And if you are a first time buyer, you will surely find it difficult to cope with the challenges of real estate or even real estate as the process, without professional to aid you along the way. 

Always think of the future

Lastly, you have to look at a bigger picture. Though you can afford to buy a Miami real estate property now, you have to consider if you can still afford it in the future. You have to consider the maintenance cost in the future. And of course you have to consider whether you can still afford to handle paying for a mortgage for the next several years to come. It is always important to consider your financial status as you enter the Miami real estate investing. And you have to account for all of these things as early as possible. 

Ella Ayson

Wednesday, September 12, 2012

The Current Miami Real Estate Situation: Mortgage Rates Are At An All-Time Low

One of the most interesting aspects of the Miami real estate market that people easily tend to overlook involves mortgages and the rate at which people apply for such loan options. According to recent data, mortgage rates within the region are working their way down; however, the number of people who are seeking such financial assistance seems to be dropping as well.

If you happen to be someone who is interested in being able to purchase a condo unit or a single-family home within the region, it helps to understand what mortgages are, especially if you are someone who is in need of financial assistance. We have created an easy guide to help you understand what mortgages are and how they relate to the Miami real estate market. 

What are Mortgages? 

Basically, a mortgage is a loan which is provided to property buyers who are in need of financial assistance with regards to their Miami real estate purchase. Over time, the borrower will be required to pay back the loan which will be inclusive of the amount of money borrowed along with interest and any other incurred fees. 

In the event that the borrower becomes unable to make the necessary payments, they become candidates for foreclosure unless action is taken to prevent further action. 

The Current Situation 

As of the first week of July, the total number of applications made for home loans has gone down by 2.1 percent. Applications for new mortgages loans have increased by 3 percent; however, refinancing has also dropped by 3 percent which essentially brings the total application number down. 

As far as the average interest rate is concerned, mortgage loans for a 30-year fixed-rate agreement have dropped by 7 basis points to 3.79 while jumbo loans have dropped by 4.5 percent. 

Many will feel that the lower interest rates will most likely influence property buyers to consider obtaining mortgage loans and being able to take advantage of the deals on today’s Miami real estate market, especially since all factors indicate that the property market is indeed on the rise. However, applications prove otherwise as people do not seem too eager to consider going for financial assistance. 

What Is Causing the Decline? 

Aside from the fact that many of today’s property buyers seem to find cash purchases to be far more advantageous than any other option today, it seems that people are now more cautious when it comes to mortgage loans due to the fact they are trying to avoid ending up in a situation where they may be subject to foreclosure. 

Miami foreclosures have been known to be a major problem within the region. While there has been a significant decline in the number of foreclosure properties on today’s property market, it seems that there are many which are not accounted for which are stuck in the foreclosure process that have yet to be sold in the upcoming months. 

As a result, people within Miami seem to be more inclined to consider rental options as opposed to actual property purchases since they feel more secure knowing that they will be safe in the event that any unforeseen changes take place in the future. 

Advice for Property Buyers 

If you happen to be someone who would like to purchase a home or condo unit within Miami today, you should definitely consider taking advantage of the lower mortgage rates which are now at an all-time low. Nevertheless, you will find that there are many opportunities that await you on the Miami real estate market that will provide value to people who would like to take advantage of their options while the property market is doing exceptionally well. 

If you would like to learn more about the current market situation within Miami, or if you would like to find out about the options that are now available to you on the real estate market, you should take the time to get in touch with a professional real estate agent for more details. 

Yaz Morgan

Monday, September 10, 2012

The Newest Key Biscayne Real Estate Controversy: The MAST Academy Proposal

Over the years, the Key Biscayne real estate market has faced a series of controversies which revolve around the numerous construction projects that have resulted in several hotels and condominiums within the beautiful island community — projects which have essentially triggered a rise in the area’s population. 

However, one of the most recent controversies happens to involve an expansion plan which has nothing at all to do with any hotels or condominiums. In fact, the plan has much to do with the need for a local high school which many hope will materialize in the form of the Maritime and Science Technology (MAST) Academy. 

The Key Biscayne Community 

People who seek an ideal community setting within Florida often come to find Key Biscayne real estate to be a perfect option, especially since it is one of the region’s most exclusive oceanfront communities today. 

The community itself is located on an island that goes by the same name. It is situated south of Miami Beach and east of Miami proper which means that people who choose to live within Key Biscayne can easily access both cities with relative ease by taking the Rickenbacker Causeway to the mainland. 

In 2010, the area’s population was recorded to be 12,344 which marks an increase of 17.5 percent in a span of just one decade. According to recent statistics, the estimated median household income for the community is $99,796 which is above the average household income for the state of Florida. 

The Need for a Local High School 

As the population within the community continues to grow, so does the general need for a local high school. As a matter of fact, the community has pledged $18 million in financing which is inclusive of construction contributions of about $9 million in order to see to it that the plan will push through. 

In the event that the proposed MAST Academy plan is approved, residents can look forward to two new academies which will offer 1,100 seats which will prioritize Key Biscayne residents. Also mentioned in the proposal is the fact that, once the expansion project has reached completion, the school is set to be renamed to MAST Academy at Virginia Key. 

Its Impact on Key Biscayne Real Estate 

One of the important aspects that property buyers look into when it comes to their list of options is making sure that they have everything that they need, including schools. In the event that the MAST Academy proposal pushes through with success, it could be a great advantage for the Key Biscayne real estate market as property buyers will be more inclined to live within the community knowing that there is a good school that would be located within close proximity to home. 

If you would like to learn about the different options that are currently offered on the Key Biscayne real estate market, you should contact a professional agent for more information. 

Yaz Morgan

Thursday, September 6, 2012

Bargain Deals On The Miami Real Estate Market Are Still Available: Know How To Find Them

Contrary to previous reports regarding bargain deals not being available on the Miami real estate market, it seems that there are still many great bargain deals that remain on today’s market. Sure, the demand is high and property prices are catching up as well due to the fact that inventory supply is dropping across the region; but there are still fabulous options for people to choose from that won’t necessarily break their budget — people only need to know how to find them.

There is so much that living in Miami can do for a person. Aside from being a superb region that offers tropical climate and world-class beaches within a setting along the Atlantic coast of South Florida, the quality of living that people are able to gain from simply being within the region has proven to be absolutely outstanding. 

Whether you are looking to live on your own or raise your own family, you will find many home options that will provide you with exactly what you need — the perfect bachelor’s pad in neighborhoods such as Millionaire’s Row or Brickell, four-bedroom condominiums in family-friend communities such as Sunny Isles Beach, luxury apartments in happening areas within Miami Beach, and even luxury homes that are situated in the most exclusive gated communities within the region such as Hibiscus, Star, and Palm Islands. 

It is true that being able to find a reasonably priced property can be a great challenge for anyone. In fact, knowing that there are many other property buyers who are actively looking for the best deals on the Miami real estate market can definitely add to the pressure that comes with trying to find options that are suitable for you. 

Of course, the fact that prices on the market are indeed working their way up will be something that property buyers will have to take into consideration, especially those who are working under a tight budget. According to recent figures, $155,000 is the average sales price for homes within the Miami region and that marks an increase of 9.3 percent compared to figures in the previous year. But if there is a will, there will always be a way! 

Property buyers who would like to experience the magic that makes Miami one of the most preferred locations within the United States simply need to know that the help of a professional real estate agent remains to be the most effective way for them to get exactly what they want from the market, even when it comes to finding any financial assistance with regards to the purchase. So don’t waste any more time or resources trying to shrug off the idea of having a better life within Miami, get in touch with an agent today. 

Yaz Morgan